QuoteDislikedHere 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.
Where can I learn more about Price Action like those in James16 charts? 9 replies
QuoteDislikedHere 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.
QuoteDislikedThis is where i hang now. combining price action and a good system results in higher efficiency. i have seen the light
QuoteDislikedHoly largness charty U got derr batman... But, yes we could have a drop in store.
Dislikeddear 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?
regardsIgnored
DislikedDepends 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 itIgnored
QuoteDislikedput away 1 year of cash
QuoteDislikedSell everything you pay on like I did and do it
DislikedBUOB 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...Ignored
QuoteDislikedAs 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
Dislikedephisi ma paddy,
wetin carry u come j16 thread, na here we dey trade naked.....pure price actionIgnored
DislikedI understood g_j_.
I often sing this song about mbqb11 (Mike). lolol
http://www.youtube.com/watch?v=b0AGiq9j_AkIgnored
Dislikedyup, 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...Ignored
Dislikedgreetings ephisi, when i saw ur username , i don know sey na my own be dis, how body????Ignored
DislikedFor those who took the GU trade.GU is showing a divergence but Refuses to drop. The macd and qqe are dropping drastically but price is not dropping. This to me means Its simply coming out of overbought conditions gathering steam to blast through 1.6000. hopefully.
As long as GJ is bullish GU is gonna have the hardest time of its life trying to go bearishs. GU 4hr gann has refused to turn bearish(flip).Ignored
DislikedHi all,
I just want to share my trading result since using James16 Method. It's a small account, but Im very happy of it. No indicator involved in this trading mission. LOL
aLLerGic of StudyingIgnored