james16 Chart Thread | Page 2070 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #41,381
  • Aug 18, 2009 1:57pm Aug 18, 2009 1:57pm
that just totally blows me clean away.

thank you for being a part of this thread nasir.

man o man o man.

i will be thinking about this for the rest of the day.

Quoting nasir.khan
You are right here. My salary is 150$/month and i do well with it. So a trading account of 1000$ would be enough for me for a living even if i make 3-4 trades a month.
  • #41,382
  • Aug 18, 2009 2:00pm Aug 18, 2009 2:00pm
your a nice guy supreme.

i appreciate you buddy.

you dont have to call me sir unless you really want to.




Quoting supremeChaos
Interesting...
Looking forward to it, Sir!
  • #41,383
  • Aug 18, 2009 2:02pm Aug 18, 2009 2:02pm
Quoting supremeChaos
same here....
i'm way past my bedtime (almost 2AM, Manila Time)
Glad it was worth it as i've caught Sir james16 online & posting! wohoooo!

now i can probably sleep better.

Go to bed boy.

Quote
Im not sure about the purchasing power computation,

i think it's called Purchasing Power Parity.
  • #41,384
  • Aug 18, 2009 2:03pm Aug 18, 2009 2:03pm
im trying to wrap my brain around this.

is this anything like sex with no grand finale?

if it is i want nothing to do with it.

damn aging.






Quoting StoragePro
I'll over simplify this a little, but it covers a very broad brush. The quality is humility. Coupled with modesty.
  • #41,385
  • Aug 18, 2009 2:05pm Aug 18, 2009 2:05pm
Quoting james16
that just totally blows me clean away.

thank you for being a part of this thread nasir.

man o man o man.

i will be thinking about this for the rest of the day.
jim is your name : jim or james? or maybe both
  • #41,386
  • Aug 18, 2009 2:33pm Aug 18, 2009 2:33pm
Quoting raczekfx
You never give up, do you.. Like the picture of your house btw.

This is an example of one of my test accounts.
I don't demo, but open small live accounts for purpose of testing ideas. This is live testing of something I called RDB and RTL methods... nothing special but i liked the equity curve.

Be nice, show some respect to fellow traders and maybe you'll earn the right to see parts 2 and 3... and perhaps make few friends here.
.
back to no-man's land
.
r
mark u are one hell of a trader...my god man! ....is all i can say
  • #41,387
  • Aug 18, 2009 2:37pm Aug 18, 2009 2:37pm
Quoting raczekfx
You never give up, do you.. Like the picture of your house btw.

This is an example of one of my test accounts.
I don't demo, but open small live accounts for purpose of testing ideas. This is live testing of something I called RDB and RTL methods... nothing special but i liked the equity curve.

Be nice, show some respect to fellow traders and maybe you'll earn the right to see parts 2 and 3... and perhaps make few friends here.
.
back to no-man's land
.
r
Very Impressive!
  • #41,388
  • Aug 18, 2009 2:40pm Aug 18, 2009 2:40pm
Quoting batesmotel
Very Impressive!
gone from pip crawler to pip graber
  • #41,389
  • Aug 18, 2009 2:41pm Aug 18, 2009 2:41pm
Quoting StoragePro
A-hem....
Ok maybe not never but very, very unlikley. Why stick to dalies when PA works on all timeframes? Once you have mastered dalies/weekly and have a small account then the logical choice is to move down to 4hr and so on (if your program can accomodate). For example I am in a AUD/USD dailiy trade that has moved around 200 pips over the last few days, but i am still at break even because it moved down then back up. If I was on the lower timeframe I could have made a bunch of trades by now.

I am sticking to dalies until I have 3 months profitable trading, but my aim is to get down to 1hr, and possibly lower, hower not until I have demoed properly.
I hear and I forget. I see and I remember. I do and I understand.
  • #41,390
  • Aug 18, 2009 2:46pm Aug 18, 2009 2:46pm
Quoting tac
Ok maybe not never but very, very unlikley....
Talking about 1 hr AUDUSD, in 15 min there could be a 1 hr half decent PB Double Top scalp opportunity....if you play the 1 hr TF that is.....

GregB
  • #41,391
  • Aug 18, 2009 2:49pm Aug 18, 2009 2:49pm
Quoting batesmotel
Talking about 1 hr AUDUSD, in 15 min there could be a 1 hr half decent PB Double Top opportunity....if you play the 1 hr TF that is.....

GregB

Not yet, I am trading dailes on demo at the moment. Looking at TWYSNWYE also, want to master the GBP/USD using pa.
I hear and I forget. I see and I remember. I do and I understand.
  • #41,392
  • Aug 18, 2009 2:50pm Aug 18, 2009 2:50pm
Quoting james16
dont be discourage soh.

discouraged is when you had to use a ruler, pencil, graph paper and a newspaper to trade. lol.

no one should ever be discouraged these days.

btw denz is a good guy. we might be miss interpreting him to some degree.

keep the faith buddy.
i hope, denz didnt mind me using that post as an example, i didnt mean to have a go at denz, just that been reading a few other threads and i see it all over and members "saying is it possible to make money" and this and that..... etc

no offence to anyone

sohail
  • #41,393
  • Aug 18, 2009 2:58pm Aug 18, 2009 2:58pm
Quoting supremeChaos
Literally not gonna happen, specially in those living & working in the Third World countries (average wage is like +/- $100-250 per MONTH)
Good advice, still, in general.

{btw, i AM from a Third World country; People like me who like & love trading got to work our way around this issue, in whatever way we can}




Have u read your OWN post?
u seem to be discouraging YOURSELF as well.
You want success (positive) but what u say/post are negative. U are conflicting yourself ---[b]Dont 'trade...
are the 1% really in this forum? but am sure there is much much more successful traders than 1% i dont even believe in only 5% of traders are successful it is more than that, i dont know where people get the statistic from but i think is HS

thank you for the pointers supreme
  • #41,394
  • Aug 18, 2009 3:00pm Aug 18, 2009 3:00pm
Quoting james16
i got news for you benji my friend.

money makes things easier and thats about it.

whats the greatest thing money ever did for me?

when i finally had some i still felt totally unfullfilled and it triggered a spiritual search in my life and i dont mean religion.

a journey inwards instead of outwards.

im convinced life is just a "school" and im also convinced when its over we will have a good laugh at how silly it was for so many of us to be so neurotic about everything. me included.
Hi James,

I was out to the gym, so saw your post only now.

Money is absolutely not the thing that will make me happy.
BUT, I enjoy trading, I enjoy learning and facing challenges (like you), and I will be happy to spend the time in this temporary world doing things I like, or things that have value. Money can help with that, by making it easier to achieve, as you already said.

Happiness is a whole different story.

I as well as you believe this life is a school, or lets say, an "exam". But my take is a bit different here, and I think it doesn't really belong to this thread.

I appreciate your post

Ben
  • #41,395
  • Aug 18, 2009 3:01pm Aug 18, 2009 3:01pm
Quoting nasir.khan
Now if i have 90$ in my account and an A+ comes in but it requires a 60 pip stop loss and minimum lot size is 1K i will have to risk 6%-7%.

But as i am standing around 250$ i did not have increased my lot size (1K) so i am risking 2%-4% on those trades at the moment and as i said i am still cutting it down.
the single most important factor in trading is YOU(the trader). the charts, indicators, and brokers etc. are just tools. make the tools work for you.

in this case the broker is causing you problems b/c of their lot size restriction, and that cause you to change your stoploss/risk. think about it, it doesn't make sense.

i suggest you take a look at Oanda(or any other broker that allows flexible position sizing). for example, you can have a 150 pip stoploss but only risk $0.50.
  • #41,396
  • Aug 18, 2009 3:10pm Aug 18, 2009 3:10pm
Hi people not posted for some time but always been lurking and learning,
it looks like a pin bar forming on eur/gbp I know the nose is not the longest but the fact it is formed directly on the 61 fibbo level gives it a good chance IMHO based mainly on the location.

your opinions please
Attached Image (click to enlarge)
Click to Enlarge Name: 111.gif Size: 46 KB
  • #41,397
  • Aug 18, 2009 3:16pm Aug 18, 2009 3:16pm
Quoting TiaForex
Those who succeed in this business master their impatience. Looking for more opportunities to trade can be (not always but it can be) a sign of impatience. Usually those who drop down to lower timeframes and make it are the ones who do so with a degree of fear about the increased possibility of losing. That's the respect they deserve.
Second that.

RM
  • #41,398
  • Aug 18, 2009 3:20pm Aug 18, 2009 3:20pm
Quoting TiaForex
Man this stuff fills my heart. It's no coincidence that I found Jim. Truly.
I suppose it isnīt coincidence for anyone of us. Now it just depends what every single one makes out of it. Thanks Jim, as always.

RM
  • #41,399
  • Aug 18, 2009 3:21pm Aug 18, 2009 3:21pm
Quoting woolley
Hi people not posted for some time but always been lurking and learning,
it looks like a pin bar forming on eur/gbp I know the nose is not the longest but the fact it is formed directly on the 61 fibbo level gives it a good chance IMHO based mainly on the location.

your opinions please
From my experience, I would not consider that trade. Way too much like catching a falling knife. I like the PA bar to be very close to the size of the bar prior... better yet if it's much larger than the bar prior. I don't show at a round number or other daily/weekly PPZ either (but I could be missing something)...

Your call Woolley, but I'd manage it very closely if you take it...Just a few great setups a month...you know the rest.

Josh
  • #41,400
  • Aug 18, 2009 3:31pm Aug 18, 2009 3:31pm
I'm in cruise control mode right now... One more good trade this week is all I am looking for. Today was a very good day.

So I thought I'd babble on a bit about Humility. Because having it makes a big difference.

Humility is not a possession of the weak. Humble people do not shrink away.

To the contrary, weak people spend huge amounts of energy and effort to get their way, to be heard, protecting 'their rights', 'being right' and doing 'as they please'. People lacking Humility are arrogant and self centered. they push people away, and cannot be taught (get that last point close in mind). Weakness shows itself as arrogance and refusal to admit a wrong.

The humble people I have known are Towers of Strength. Humble people recognize their limitations, and guard against these from harming themselves. They also know their strengths and exploit them and improve them. (Better read that again!) Humble people are teachable. (Did You Get that??) They have opinions, but do not bash others with them, or work to establish their "Lordship" abusing them. (Isn't it true that no one is as insufferable as a person who is good at something, but makes sure you know it?)

Humble persons are gentle and kind. They understand the fragile nature of humankind, and love them. Humble people nurture and build up. Humble people are magnified by helping others excel. And they do it quietly, in the dark, and without any thought to payback or accolades. Success is it's own reward to this person.

Humble people are always looking for answers, hear and answer the ring of truth.

Do you need humility to win in the markets? Yeah, I'd say so, because a humble man comes to the realization that he is not in control of the market, but he can make himself available to it - if he puts his personal desires aside. They can learn new things, and most of all, they can teach it to others.

Humility takes the blinders off of your eyes and you can bring all kinds of things into view. (Read that again) The arrogant man is narrow in focus and ability.

Last - People gravitate to this sort of person. They are a joy to be with, and they have many friends. Although sometimes you'd never know it... But they are always happy people.
I'm pretty much done with all this ...
71 traders viewing now