"Don't trade to trade . . . trade to win." - James16
james16 Chart Thread
- #25,262
- Mar 29, 2009 11:27pm Mar 29, 2009 11:27pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
I like hearing from others . . but your right . . .that's how we roll
Indicators show the past. Price Action "Indicates" the future.
- #25,263
- Mar 29, 2009 11:29pm Mar 29, 2009 11:29pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #25,265
- Mar 29, 2009 11:32pm Mar 29, 2009 11:32pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
I have been quietly watching you for some time. I bet you got some of that ej short earlier tonight
You should see what's in my genes. lol
I had usual sell limits for g/j and e/j (j16 at its purest best)
g/j @ 138.80
e/j @ 129.20 (I gave this one out with my 'black hole' chart if you look closely)
Mission for this week has been accomplished, see you all next week....
.
- #25,268
- Mar 29, 2009 11:39pm Mar 29, 2009 11:39pm
Nice hard strong steady break . . . confirmation that the setup is correct.
I'm also in this one. Feel good when I wait for setup that I really like. I might hold this one to 126.00 but now have reached trouble areas at 128.50. (IMHO). Let see what PA will tell us first.p.s:I've now trade naked like you guys. Just use one SMA for my fav. entry. Thanks for opening my "eyes".
- #25,269
- Mar 29, 2009 11:42pm Mar 29, 2009 11:42pm
I have a question, it may sound stupid or has been answered before. If the chart shows a perfect A class setup, and we are in the trade, but if the trade went against us, how long do you ppl wait to exit the trade, do you wait for the stop loss to be hit or exited the trade earlier to prevent more losses? I feel although A class trade has a high chances of success but I think not every A class trade will work out, as the market is unpredictable. 
- #25,270
- Mar 29, 2009 11:45pm Mar 29, 2009 11:45pm
I have a question, it may sound stupid or has been answered before. If the chart shows a perfect A class setup, and we are in the trade, but if the trade went against us, how long do you ppl wait to exit the trade, do you wait for the stop loss to be hit or exited the trade earlier to prevent more losses? I feel although A class trade has a high chances of success but I think not every A class trade will work out, as the market is unpredictable.
- #25,273
- Mar 30, 2009 12:02am Mar 30, 2009 12:02am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Sorry Joe. I actually didn't read your post very well. lol
I've mentioned this before, but I take a different strategy based on what I see as the likely hood of various targets being reached....
....can't post enough of these, I am sick of laughing 
.Love your jocular posts Bundy, Keep up bro.
Sorry there Jarroo it was your shoulder he triggered the gun shot from this time 
I believe . . .
- #25,274
- Mar 30, 2009 12:05am Mar 30, 2009 12:05am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Love your jocular posts Bundy, Keep up bro.
Indicators show the past. Price Action "Indicates" the future.
- #25,275
- Edited 12:24am Mar 30, 2009 12:07am | Edited 12:24am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I like E/Y cause of the nice clear spot to put your stop behind (131)
The problem is price won't always bounce off a ppz, even a rejection can cause a preset stop behind a ppz to get hit,
I wanna kill my chart each time this happens lol, still trying to figure out what can be done...mental stop is one solution (experimenting on that lately), the other could be eyeballing a lower tf...
I believe . . .
- #25,276
- Mar 30, 2009 12:09am Mar 30, 2009 12:09am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
That got me cracking up too ghous. That bundy's a great guy.
I believe . . .
- #25,277
- Mar 30, 2009 12:11am Mar 30, 2009 12:11am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
He doesn't give more time to the public thread.
Indicators show the past. Price Action "Indicates" the future.
- #25,278
- Mar 30, 2009 12:13am Mar 30, 2009 12:13am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Joeb I know what you mean. I like the way Jim trades and I have adopted that approach even though my account is not as big. (well not yet.)
Mike, on the other hand, understands a great (not a good), a great quality A+ trade is and the power behind it. ( and so does Jim). He knows that the bottom of that PB is not going to be reach any time soon or ever and manages his trade accordingly.
I have many positive trades on the 1st half and break even on the 2nd half. Very few losses. But then again some of these trades Mike wouldn't take a 2nd...
That delicate articulation you're mostly successful with between the B+ and the B trade.
You're an inspiration yourself dude
I believe . . .
- #25,280
- Mar 30, 2009 12:17am Mar 30, 2009 12:17am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I can feel the joy today
I believe . . .