james16 Chart Thread

Quoting Vulcanarchi

Disliked

Raymacd

How long have you actually been trading this 5 min method? I'm asking this because I have looked at some of your posts and you seem to have skipped around quite a few trading methods of this site.

I am very familier with short term trading and can say at best that using bollinger bands and rsi on this time frame can be very risky, just want to clarify this before people start jumping in and losing their shirts.

A nice show of your profit and loss statement would be nice proof (blank your account details out) you're actually getting 2% from 10 pips, as you must be trading well over 10k a pip by now, would be interested what broker would be dealing with these numbers on an instant market order.

Ignored

Quoting Ryanmcd

Disliked

As others like Mike can say, I went to the James16 stuff and other methods to trade a longer time like 4hr daily or whatever, It was not for me.

Ignored

Quoting Jankone

Disliked

edit : what "CT" means?

Ignored

Quoting Jankone

Disliked

Hey , I like your style, I train your bb+rsi with price action - low timeframes. Your idea is great for me, there are to ways if u are impatient then 1) change your mind 2) dont work with d1 trades.
I prefer #2

I'm curious - how does your trade day looks like ? (for example " I watch one chart for 2 hours absolutely concentraded then i play golf... )

good luck and thanks for tips !




edit : what "CT" means?

Ignored

Quoting Ryanmcd

Disliked

As others like Mike can say, I went to the James16 stuff and other methods to trade a longer time like 4hr daily or whatever, It was not for me. I hate holding overnight and I really don't want to sit in a trade for 3 days waiting on 2% 15-30min is more my style, I can get done with my work day in a few hours most days, sometimes it's 15min. As far as brokers for the big trades I use DBFX, they can take anytrade from what I have seen and they are the biggest. As far as posting my account I would never do that no reason too really, if you think I am full of shit just dont read my posts I am just trying to show others a way to trade. I am not selling some site and would never need to I make good enough then to charge for my help. As I have always said, those that can NOT trade teach others how to trade and charge for it most of the time.

Also about the BB and RSI I know it works I did it on the spoos for 4 years and then went into this market when the spoos dried up in 2002ish. What I do with RSI and the BB is not hard to understand, if you read what I post I only go after the CT trades when the BB is flat or I feel it's a safe trade other then that I don't even use RSI I just the trend.

Also on Phillip's system I made money too, on the 4hr and 5min, when people want to put all this crap into a "System" they fail or they will fail because they have no understanding of how to trade they just look for this piece of crap system to tell them what to do and when it fails so does the person using it.

Ignored

Quoting Vulcanarchi

Disliked

Firstly I'm a truthseeker, don't get defensive, if you're doing it for real there would be no need.
This is what confused me, if you can be done for the day in 15 mins, or an hour, why would you need to learn (and pay to join some site that sells stuff that is free over the net if you can be bothered to look) to trade longer timeframes which would result in you being at the screen for longer to get the same results? It makes no sense to me, then you come on here slagging off the actual method you paid to learn, this again makes no sense to me.
Do you understand my points here?
A successful trader does not need to waste his time trying to learn some new system that will result in hours at the screen.
So if you have been trading this old 5 min rsi/bb method for years, by now you should be up to 10k per pip easily (what are trading at per pip?) So you dont want to prove you are actually trading what you are saying you are, but you want others to trade it?
Ok, that's your choice, but in my experience a trader who has nothing to hide will hide nothing.
I gave you the platform to prove who you are, I actually was giving you a help up, you decided to decline and get defensive. I will leave it to the others to work that out for themselves. You talk the talk, but you fail to walk the walk.

Ignored

Quoting bundyraider

Disliked

Ignore this crap Ryan. You've answered most of these questions "between the lines" before anyway.

Ignored

Quoting Vulcanarchi

Disliked

Crap? I take it you're a noob holding on to anything that you think will make some money because you haven't got the intelligence to develop your own trading system?
There is nothing wrong with trying to get someone to PROVE that they actually trade what they present to the public. You need to ask yourself why these people do this anyway. Public recognition? Ego? To help, really?
Example
There's this guy who claims he's a great Technical Analyst, his name Zak Mir. He charges people for news letters/market updates. Back in 2002/3 he had a live debate on a site called ADVFN, the traders off the board could fire questions directly at him, live. He was going through what moving averages he uses etc, then when a trader friend of mine stepped up and asked "do you trade your signals?' as he was live and public, this forced him to tell the truth. 'No' he replied. So my friend replied 'So if you have no faith to trade your own signals, why should anyone else, let alone pay for them'.
This promptly ended the live questions and answers session as there's no reply to that question is there?
This is why I just like to know whether people who post on a bb are for real or not, if you don't appreciate that, that will be your loss in more ways than one.

Ignored

Quoting Vulcanarchi

Disliked

Firstly I'm a truthseeker, don't get defensive, if you're doing it for real there would be no need.
This is what confused me, if you can be done for the day in 15 mins, or an hour, why would you need to learn (and pay to join some site that sells stuff that is free over the net if you can be bothered to look) to trade longer timeframes which would result in you being at the screen for longer to get the same results? It makes no sense to me, then you come on here slagging off the actual method you paid to learn, this again makes no sense to me.
Do you understand my points here?
A successful trader does not need to waste his time trying to learn some new system that will result in hours at the screen.
So if you have been trading this old 5 min rsi/bb method for years, by now you should be up to 10k per pip easily (what are trading at per pip?) So you dont want to prove you are actually trading what you are saying you are, but you want others to trade it?
Ok, that's your choice, but in my experience a trader who has nothing to hide will hide nothing.
I gave you the platform to prove who you are, I actually was giving you a help up, you decided to decline and get defensive. I will leave it to the others to work that out for themselves. You talk the talk, but you fail to walk the walk.

Ignored

Quoting Vulcanarchi

Disliked

Crap? I take it you're a noob holding on to anything that you think will make some money because you haven't got the intelligence to develop your own trading system?
There is nothing wrong with trying to get someone to PROVE that they actually trade what they present to the public. You need to ask yourself why these people do this anyway. Public recognition? Ego? To help, really?
Example
There's this guy who claims he's a great Technical Analyst, his name Zak Mir. He charges people for news letters/market updates. Back in 2002/3 he had a live debate on a site called ADVFN, the traders off the board could fire questions directly at him, live. He was going through what moving averages he uses etc, then when a trader friend of mine stepped up and asked "do you trade your signals?' as he was live and public, this forced him to tell the truth. 'No' he replied. So my friend replied 'So if you have no faith to trade your own signals, why should anyone else, let alone pay for them'.
This promptly ended the live questions and answers session as there's no reply to that question is there?
This is why I just like to know whether people who post on a bb are for real or not, if you don't appreciate that, that will be your loss in more ways than one.

Ignored

Quoting davema

Disliked

Vulcanarchi,
If you're suggesting that Bundy is a "noob", you clearly haven't read his posts. It would serve you well to do so. Also, Ryan doesn't have to prove anything to anyone. As he pointed out, if you don't believe him, don't read his posts. Sorry if this seems hostile. It's not intended that way.
Dave

Ignored

Quoting hakga

Disliked

I've been lurking on this thread for a long time now (and I hardly post), and I think most would agree that what attracted them to this thread and made this thread successful was James' (and the senior members) willingness to help struggling traders and the simplicity of the material.

But recently, the direction of the thread has turned away from what made it great. Maybe this has to do with the lack of J16 set ups recently with a few good ones failing, and people are increasingly frustrated about being out of the market. This is the time to be disciplined, be patient and wait for the set up to come. There has been an increasing focus on lower timeframes, which tells me that people are chasing set ups that may or may not be there - if your trading plan allows you to trade lower timeframes with specific rules then great, if not the you are just breaking your rules. When we lose our discipline at times like these, the markets will hit us hard.

The reason James started this thread (if I recall correctly) was to help struggling traders become profitable. The discussion at the moment is irrelevant, the size of the thread is already putting off a lot of people who would potentially benefit from this material and this is not helped by the clutter that has no relevance to James' teachings.

I would ask all to respect the material that James has presented, and only post relevant information regarding the material. If people are interested in trading lower timeframes using price action, then I would suggest starting a new thread.

Sorry for the rant.

Happy trading

hakga

Ignored

Quoting hakga

Disliked

I've been lurking on this thread for a long time now (and I hardly post), and I think most would agree that what attracted them to this thread and made this thread successful was James' (and the senior members) willingness to help struggling traders and the simplicity of the material.

But recently, the direction of the thread has turned away from what made it great. Maybe this has to do with the lack of J16 set ups recently with a few good ones failing, and people are increasingly frustrated about being out of the market. This is the time to be disciplined, be patient and wait for the set up to come. There has been an increasing focus on lower timeframes, which tells me that people are chasing set ups that may or may not be there - if your trading plan allows you to trade lower timeframes with specific rules then great, if not the you are just breaking your rules. When we lose our discipline at times like these, the markets will hit us hard.

The reason James started this thread (if I recall correctly) was to help struggling traders become profitable. The discussion at the moment is irrelevant, the size of the thread is already putting off a lot of people who would potentially benefit from this material and this is not helped by the clutter that has no relevance to James' teachings.

I would ask all to respect the material that James has presented, and only post relevant information regarding the material. If people are interested in trading lower timeframes using price action, then I would suggest starting a new thread.

Sorry for the rant.

Happy trading

hakga

Ignored

Quoting ghous

Disliked

maybe it's time for James16 to now interrupt...

Regards,
Ghous.

Ignored