Here are some update charts from the group. Some of them get here on day one but not all.
I will try to post more of these after things have run there course.
Thanks for the updates Sir.
& thanks for the video too, Mike.
james16 Chart Thread
- #31,461
- May 28, 2009 9:53pm May 28, 2009 9:53pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Thanks for the updates Sir.
& thanks for the video too, Mike.
- #31,462
- May 28, 2009 9:57pm May 28, 2009 9:57pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
This is where i hang now. combining price action and a good system results in higher efficiency. i have seen the light
ephisi,
james16 + Aus = deadly method/system 
i believe james16 + any method/system always results into astronomically exponential improvements in trading.
- #31,463
- May 28, 2009 10:01pm May 28, 2009 10:01pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Holy largness charty U got derr batman... But, yes we could have a drop in store.
I agree with HipsterPipster. your chart is too wide. it distorts the page.
If u have time, kindly resize your chart.
indeed, 1.7500 was a PPZ all the way from Nov.2008.
(for a second, i thought it was an "alien" gbpchf chart with price at 17,500
)also, there's a 2-day PB that has just formed (XTB MT4).
- #31,465
- May 28, 2009 10:36pm May 28, 2009 10:36pm
- Joined Jul 2007 | Status: Screw Long Term 5min For Life! | 1,259 Posts
dear james
i read your first post here regarding minimum requirement but nothing i found regarding minimum fund to be engaged for trading.
however some may argue that fund can be as low as 500 usd but in this case person must use high leverage for trading which is risky.
also someone with 500 usd account is like a persons opens a shop with empty handed.
kindly guide me what should be minimum to start for trading for living.
can a 20k account works for living?
regards
Keep taking CT trades, I need more money
Depends on your bills, what do you need to live on and be realistic. I will say doing it just as a hoby as most do here and doing for a living are a LOT different, once you know that if you don't make money trading your secrewed it makes it that much more fun. I say do it as if you where going to start a business and put away 1 year of cash. Sounds like too much? Sell everything you pay on like I did and do it
what i understand from your words are below and pls correct me if i am misunderstand:
1- do it as a fun and hobby is not proper approach. ( hobby cost money and pays money)
2- if you know you are trading for a living then it encourage you to gain money.
3-
put away 1 year of cash
4-
Sell everything you pay on like I did and do it
sorry for asking but i needed more clarification.
regards
- #31,468
- May 28, 2009 11:33pm May 28, 2009 11:33pm
BUOB on E/U on Oanda Charts (daily closed 15mins ago)
It was a BUOB by 2 pips. IF we get some upward steam today, we could be looking @ 1.4300
Attachment
I am not sure if I will take this one though...
As James16 says ...
YES!!!
THIS IS CRITICAL.
WE MUST LEARN TO:
1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.
if we know its there we have several choices.
1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.
in the case we are looking at this level was a big round number at 5100. trading into a big number like that with a defined pivot is very very very risky. the fact remains however that price most of the time WILL reach that first s/r area whether its 200 pips or 20. in this case it did not which makes number 4 a good choice much of the time exspecially for those new to these methods.
good post as usual jarroo and i appreciate your help in this thread,
jim
WARNING: Don't follow me as I'm just learning
- #31,470
- May 28, 2009 11:58pm May 28, 2009 11:58pm
don't trade into a round number ... wait for a break above it
yup, thats why I am sitting on my hands...Thanks for looking out for me though
Another thing to note, is Hourly Trendline comes in @ 1.4 as well... so another thing holding back this play...
- #31,471
- May 29, 2009 12:03am May 29, 2009 12:03am
I understood g_j_.
I often sing this song about mbqb11 (Mike). lolol
http://www.youtube.com/watch?v=b0AGiq9j_Ak
That only the song, imagine if you had the guy's picture... LOL
- #31,472
- May 29, 2009 12:24am May 29, 2009 12:24am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
Greetings
awon ti naija, i hail oooo
- #31,473
- May 29, 2009 12:25am May 29, 2009 12:25am
Thanks for looking out for me though
Another thing to note, is Hourly Trendline comes in @ 1.4 as well... so another thing holding back this play...
WARNING: Don't follow me as I'm just learning
- #31,475
- May 29, 2009 12:43am May 29, 2009 12:43am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
cool, back to charting. lol
greetings ephisi, when i saw ur username , i don know sey na my own be dis, how body????
- #31,476
- May 29, 2009 12:55am May 29, 2009 12:55am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
- #31,477
- May 29, 2009 1:11am May 29, 2009 1:11am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
- #31,480
- May 29, 2009 1:41am May 29, 2009 1:41am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
