Apart from Tradestation, where can I get the charts for the other markets in commodities and index futures? Would like to demo price action outside of forex too
I need to put up stop losses.
- #14,742
- Oct 27, 2008 2:57am Oct 27, 2008 2:57am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #14,744
- Oct 27, 2008 3:06am Oct 27, 2008 3:06am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #14,745
- Edited 3:26am Oct 27, 2008 3:06am | Edited 3:26am
When the market is this twitchy counter trend trades are probably not the way forward....it's worth going back over the pairs, over all the time-frames and counting the failed pin bars alone over the last couple of weeks....that should convince you to practice patience and wait for the market to come to you....on your terms, as per your trading plan and with the prevailing trend.
Edit:....Actually I should say this really applies to me and my personal trading risk structure at this point in time but maybe it may work for someone else too
Edit:....Actually I should say this really applies to me and my personal trading risk structure at this point in time but maybe it may work for someone else too
- #14,746
- Oct 27, 2008 3:52am Oct 27, 2008 3:52am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Hi Bundy and all,
I can see a lot of signals on the daily TF but just wondering which to take. I am inclined to short EURGBP and long GBPCAD but the relative weakness of GBP and even EUR from last weekend news is of great concern to me. OTHER signals I see are BEOB for CADJPY and CADCHF and BUOB for USDCHF and USDCAD. Which way do we go
Bundy's status today: "Waiting..."
- #14,748
- Oct 27, 2008 4:01am Oct 27, 2008 4:01am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #14,749
- Oct 27, 2008 4:03am Oct 27, 2008 4:03am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
I visited the james16group-website already and watch the Guestvideos, etc.....I wonder whether it makes sense to sign up already??!! Or rather FIRST work through the thread and THEN sign up?
It truly is a lot of fun for me to do all this and what better can you do for a living and for your soul as doing something you truly enjoy?
So, yes, I want to take on the work and hopefully become a good/successful trader at some point
There are a lot of technical study techniques that are handy to know as a foundation before going in.
It's up to you though.
Although I am only at the beginning of my journey I want to say Thank you all !!!
Because you have given me the feeling that this is doable...even for me! It just takes time ( I see it as learning a profession...if you´re done with school and take on learning a job, you also need AT LEAST 2 yrs, mostly 3...so why not taking 2 to 3 yrs for becoming a trader? )
your humble 4rexlady Patty
.
Bundy's status today: "Waiting..."
- #14,750
- Oct 27, 2008 4:13am Oct 27, 2008 4:13am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
You may as well learn what you can here first and get all the basics down pat.
There are a lot of technical study techniques that are handy to know as a foundation before going in.
It's up to you though.
You're starting off with a better attitude than most new traders already Patty. Awesome.
.
its one of those instants where for me picture paints a thousand words is proved...lol
it will cut the learning curve if u ask me...
Nice to see u taking this so seriously pat..good luck
- #14,751
- Oct 27, 2008 5:16am Oct 27, 2008 5:16am
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
i personally never read this thread from top to bottom im a visual person and found signing up to j16 group worked fantastically cause the webinars actaully guide u step by step visually and also every1 in the group stick to same method so there huge support.
its one of those instants where for me picture paints a thousand words is proved...lol
it will cut the learning curve if u ask me...
Nice to see u taking this so seriously pat..good luck
Patty, I do know you wouldn't be disappointed if you signed up for a taste.
Bundy's status today: "Waiting..."
- #14,752
- Oct 27, 2008 6:14am Oct 27, 2008 6:14am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
A practise Pin Bar I'm looking at on the 8 hour chart from Friday. (10-24-08)
I know many people use "odd" TFs (M10, H2, H8) successfully, and perhaps there is a logic behind that (e.g. if the close of an H8 bar co-incides with the London close), but maybe some other tools (TL, Fibo) could be used for the same purpose on more "traditional" TFs.
Just a thought...
One Chart is Worth Ten Thousand Words.
- #14,753
- Oct 27, 2008 6:16am Oct 27, 2008 6:16am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
Some past S/R levels of 1.5600 and 1.5500. Took a long at 1.5614.
Just kidding. As you said, Jaroo, that's what practice is for. Besides, we are all 20/20 clever, and if smth made sense in the past, the decision (for you) was valid, whether the move happened or not.
BTW, Jaroo, why didn't you take H1 DIBS trade on cable? It moved well to good S/R levels. I got out at 200pip (original SL was 30 pips - not per DIBS rules, but I entered when the move started (to reduce SL)), but it went for another 140. Wait a minute, just checked your DIBS thread - you did took that trade. So, did you trade BOTH long and short today on the same pair?..
One Chart is Worth Ten Thousand Words.
Hi Bundy, Hi nAv,
could hug
you for being so kind to me....
Thank you both for the advise and complementing me on my attitude. I sure do take this seriously....you bet.
At some point I do want to make a nice living with this. And this certainly requieres to be serious about it!
As you pointed out, it might make sense to sign up already. Yes, I am kinda like you, nAv, in that regard, that I like visible things. So the webinars might do even more for me in a shorter period of time than ONLY reading through the thousand pages ( which I will still do ).
I will also start demo-trading with my manual trades as soon as I think, I can "see" something...I still feel blind like a mole...hahaha...just like the posted chart of radzcekfx....I was like ???? Why the heck did he enter a trade there??? scratching my head...
So I am looking forward to get enlightened As I know already I will also find material on how to do the Fibs and so forth....and this will help me a lot, too....
YEAH...there´s hope and a light at the end of the tunnel...
Just like many other newbies, I have made some (mostly bad ) experiences with Robots and lost quite a bit ( which is obviously the price of becoming an experienced trader )...so this is NOT the way to go in the long run...now I will learn it and then get my money back and more on top of it
U r the best, guys.....
Patty
could hug
you for being so kind to me....Thank you both for the advise and complementing me on my attitude. I sure do take this seriously....you bet.
At some point I do want to make a nice living with this. And this certainly requieres to be serious about it!
As you pointed out, it might make sense to sign up already. Yes, I am kinda like you, nAv, in that regard, that I like visible things. So the webinars might do even more for me in a shorter period of time than ONLY reading through the thousand pages ( which I will still do ).
I will also start demo-trading with my manual trades as soon as I think, I can "see" something...I still feel blind like a mole...hahaha...just like the posted chart of radzcekfx....I was like ???? Why the heck did he enter a trade there??? scratching my head...
So I am looking forward to get enlightened
As I know already I will also find material on how to do the Fibs and so forth....and this will help me a lot, too....YEAH...there´s hope and a light at the end of the tunnel...
Just like many other newbies, I have made some (mostly bad ) experiences with Robots and lost quite a bit ( which is obviously the price of becoming an experienced trader )...so this is NOT the way to go in the long run...now I will learn it and then get my money back and more on top of it
U r the best, guys.....
Patty
- #14,756
- Oct 27, 2008 9:11am Oct 27, 2008 9:11am
I have been studying / trading FX for over 3 years and I wish I studied the J16 thread on FF and joined the Private Forum when I first started out. It would have saved me a lot of money and painful experiences. 
When I first started out 3 years ago a family member of mine who has been FX trading for Barclays Capital in Canary Wharf, London for over 15 years told me to only look at Support & Resistance, Price Action & Fibonacci. My response was ‘How am I going to make money with JUST that, It can’t be that simple, surely I need a MACD combined with a couple of Stochastics, mixed up with an RSI and all the Moving Averages under the sun just for good measure. At times I couldn’t even see price behind all that crap. Hindsight is wonderful. I can see clearly now the crap is gone.
Attention Newbies – LISTEN TO JIM. LEARN WHAT HE TEACHES. The material in the Private Forum is SECOND TO NONE.
When I first started out 3 years ago a family member of mine who has been FX trading for Barclays Capital in Canary Wharf, London for over 15 years told me to only look at Support & Resistance, Price Action & Fibonacci. My response was ‘How am I going to make money with JUST that, It can’t be that simple, surely I need a MACD combined with a couple of Stochastics, mixed up with an RSI and all the Moving Averages under the sun just for good measure. At times I couldn’t even see price behind all that crap. Hindsight is wonderful. I can see clearly now the crap is gone.
Attention Newbies – LISTEN TO JIM. LEARN WHAT HE TEACHES. The material in the Private Forum is SECOND TO NONE.
- #14,757
- Oct 27, 2008 11:18am Oct 27, 2008 11:18am
Hi Forex 007
I have received a pm from you but I have been blocked from sending pm's. Maybe a technical hitch or a Moderator with too much time on his hands
.
I will attempt to send you an email, but in essence I trade using Fibonacci (Retracements, Expansions and Sequences/Zones with Support & Resistance to Grid up my charts (1D, 4H, 1H, 30M). I will only enter on one of Jim's Price action bar's. I use Fib Expansions and Sequences/Zones for exits. Mike also teaches a very good trailing stop for exits.
p.s BRV 'No Brainer Thread' is the only other thread I Follow. I also strongly reccomend reading all of Peter Crowns posts in "No free Lunch"
I have received a pm from you but I have been blocked from sending pm's. Maybe a technical hitch or a Moderator with too much time on his hands
. I will attempt to send you an email, but in essence I trade using Fibonacci (Retracements, Expansions and Sequences/Zones with Support & Resistance to Grid up my charts (1D, 4H, 1H, 30M). I will only enter on one of Jim's Price action bar's. I use Fib Expansions and Sequences/Zones for exits. Mike also teaches a very good trailing stop for exits.
p.s BRV 'No Brainer Thread' is the only other thread I Follow. I also strongly reccomend reading all of Peter Crowns posts in "No free Lunch"
- #14,759
- Oct 27, 2008 11:20am Oct 27, 2008 11:20am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi Forex 007
I have received a pm from you but I have been blocked from sending pm's. Maybe a technical hitch or a Moderator with too much time on his hands
Mike
- #14,760
- Oct 27, 2008 11:34am Oct 27, 2008 11:34am
This is just a universal forum rule. I believe you need 10-15 posts before you can send PMs. Something like that
Mike
I thought that would be the case but I have successfuly sent pm's a couple of weeks ago. I've completed a form on FF to get an answer to this but no reply. I will try to get to 15 posts to see if that Changes anything.
p.s Thank you for helping me both directly and indirectly in the PF.