AtClarkson Trading J16

hahaha

http://www.forexfactory.com/showpost...0&postcount=82

LOL def should toss that up at J16... they'd get a laugh

haahahah do it. will b a great laugh.

Because of the US Thanksgiving Today and tomorrow not having much going on, I think I can wrap up November for trading.

I had 1 trade this month.

1 trade was a winner.
0 were losers.
100% win rate (lol)

All joking aside, this was a slow month. I learned I can be patient and wait for good setups. I learned to not play mediocre setups, and most of the ones I did not take did not work out very well, or would never have been triggered. Certainly makes me believe in the J16 mantra of A++ setups only!

My Trade on AJ:

I made 18 pips at my full risk size.

The trade was stopped out at Breakeven. If I had not come to BE quickly, I could have easily had a loss.
I made 1/10% on my account on this trade/month.

This trade did not take off, but because I got to BE quickly (with my EA) I did turn a profit. It went 49 pips from bar high to bar high then reversed.

Hopefully next month will see some nice setups. Regardless, I'll be at the ready.

no need to get upset I was just pointing out that by trading with a fixed target to 1/2 out and protect and with a stoploss at the end of a pin bar .. your creating a negative expectancy. The point of a signal is to create a large upfront edge to take profit targets with minimal losses indirection of trend to allow for runners.. but your bottlenecking your 1/2 out target to fixed distance which is gonna get eaten up by normal volatility everytime.. and especially on holidays...

and as I was taught .. the difference between amateurs and pro is pros fade into their positions amateurs dont .. pros allow for a buffer to build into the trade.

Also Price action isnt pinbars pinbars are simple candlestick patterns known as dragonfly doji's the real price action is in the break of the pin bar... see price action is now.. pin bar is already over.. price action is the action price is taking at the moment.. you trade price action when price does something like breaks a high.. you trade price action at the break of the pin bar.. you see price continuing as price creates higher highs and higher lows... causing a trend from break price is trending... when price stops trending it creates a lower low.. this is price action not pin bars. pin bars are dragonfly dojis aka candlestick patterns and those are not price action formations they are candlestick patterns dark cloud cover .. piercing formations... price action is here and now.

and you shouldnt trade on holidays if you are new to trading.

I'm not upset at all NCF.

There are, however, several issues with your post.

First, and foremost, you have come to my journal and not only shot down the way I trade, but the way that the hundreds (if not thousands) that have been taught by James16 and the crew trade. A method that has been proven time and time again to work.

Next, you spoke before you got all the facts, those of which you would have gathered by actually reading my thread. Statements such as:

prove this well. I AM trading the break of the pin bar. It's simple and effective.

The only difference between amateurs and pros is that pros take money from the market on a regular basis. It does not matter how you go about doing this, so long as you are consistent.

I Googled it, and no where did I find a holiday on the day of my last trade. (Nov 22-23)

And now, a word from our sponsors:

Now. Unless you have something constructive to say in your next post, I am going to ask you to refrain from posting in my thread again. ForexFactory has been notified of your two posts here, as well as the several other similar posts you have made on other people's threads.

Have a nice day.

Thank you I shall let you know how it goes.

It was tough closing my charts tonight on last week's pile of pinbars... but I just did.

It was almost overwhelming when half the pairs looked like pins... then half of that actually were... then I really liked UChf, then I shot it down too. I will watch everything, but nothing is A+, so no regrets no matter what happens...


http://cdn.forexfactory.com/images/s.../whistling.gifbeing patient!

I'm at odds with the setups at the moment. I trade 11 pairs and it seems that everyone I look at has a good PB either with the trend or a ret.
I know I should know this, but what exactly is an A++ setup?

for my own records: Primebank has CanChf, GN, GpbCad EN and AudChf and jade does not.



Dario- please read this!

ps at three posts... depending how much you've read on the J16 Chart thread... don't feel bad if you don't know the stuff. I'm on my 3rd month and still struggling lol... it takes a while

im sure deep down ncf is trying to help.. but doesnt quite know how.

i didnt know what to make of all those friday pins.. im not around for market open on monday so i never really trade friday pins anyway.

Maybe, but he needs a new way of doing it. He's been put in 'time out' as Twee so elegantly put it. Lol.

Friday pins all sucked lol... before and after they did their thing. I'm really starting to realize it takes alot for a setup to be A+!

I was telling my missus about this tonight, and she made me realize how far I have come in a short time.
I was at a Intro Course/Sales pitch that Online Trading Academy puts on now and then to attract new students. I was absolutely AMAZED at how the teacher could tell where price was going, where it would stall/have trouble, etc etc. Basically Support/Resistance areas (PPZ anyone?) They talk about it a lot in their weekly newsletters.

http://www.forexfactory.com/showpost...ostcount=48878

In this post, I stated the round number of 1.000 would be a concern. It hit it and bounced right back up. I realized that I'm starting to understand where price can go and why.... And that I've come such a long way since sitting in that classroom in awe of this fella's skills. Not that its earth shattering... but it made me smile.


On another note, researching futures and brokers today, trying to figure out who to deal with and what charts to use. Verdict so far is FXPro for charts, and either JadeFX or Primebank for trading. Probably will trade futures with FXpro on a big demo account (no micro lots) just for the feel of it. Then when I can, I would like to trade with Tradestation. Their setup looks incredible...

And yet another note, I've decided I won't be going live if I end December profitable (which would make 3 months) because I am not ready for it. By becoming more picky, and not taking trades, I do not have the money/trade management skills required to do this with real money. I've decided I'll probably take a year on demo just to make sure I have it 100%. I have the time to make sure it's perfect, and I need to build an account balance. I'd like to have 10k to start with. I spent a year playing and finding a method to trade that works, I can spend a year learning it inside and out.

I need to put together a solid plan and timeline for myself as others have, to lay out where I want to be in 3 more months, 6 months and 9 months (which will make my year) Also account balance sizes to move ahead with other goals, such as getting Tradestation, PF membership, demoing other ideas, etc.

Going to be busy the next few days drumming up more business (plowing) because it's going to be nice out, and then expecting snow within the week. I'm ready.

With those kind of attitude you will definitely make through it.

wish you to achieve all your goals, it's all matter of time and how smart are you. take your time and be prepare for a lot of pain on this journey

wish you the best

Thank you trig, you made my night I know I can do it.
Please feel free to stop by once in a while!

you da man clarkson. im feelin ittttttt.
get that plow goin, man everyone should see his plow truck. it is one mean beast let me tell ya!

lol Matt, thanks haha

(love the new sig btw)

CADJPY Daily

Small Pinbar. Tons of Confluence. PPZ, 83 Round, 38 and 50 fibs. Swing high. Some space (would like more tho). With the trend.

Issues: Small bar. Crappy close (would like to see it much further down).

It retracing now. It would not surprise me to see the pin work, but it is not A+, and not worth risking money on. If it does, first trouble area at 82.27, but could see 82 fairly easy.

Watching as always.

Checked out Clockwork's Silent Service thread on Matt's suggestion, some cool ideas in there too. IMO very similar to J16 with some tweaks. Will be reading/following to see what it's all about, only on post 122 right now. I really like Clockwork's idea of PPZ at Weekly visible areas only, but I wonder if it is overkill. (And even more so limiting your tradeable opportunities)


Also I think I will be putting up almost all my charts again, (FXPro I think has 115 instruments) so I can practice with my PPZ lines and such.

I'm going to reset an account on FXPro to 100k, it's overkill, but is enough to let me trade mini's with them (no micros) I think this will throw me a bit when I get a real account, but for now it will let me trade more charts, something I think is a good idea. (today, anyways. I need to get this figured out so I can get a broker and stick with them)

Lately I'm not having nearly the issue of not having trades to take. Sure, I'd love me some tradable PA, (who doesn't) but I'm becoming more accustomed to the idea that profitable traders trade less. Out of the market is a position.

lol thanks clarkson
I agree with you in I think clockworks only drawing s and r on weekly is probably even more limiting and I think it could be a bit vague as to when you zoom down you have like a 200 pip range where you are looking for pa Vs just looking at daily or 4 hour when you can probably be a bit more precise in where you can look for a pin bar and pa setup. I am going to read some more of it.

I think trading J16 we have to be quite precise because we want high momentum setups to get our stops to breakeven asap.

Well im not really sure. Dont get me wrong to anyone who reads this I love what clockwork does in silent service.

p.s I need to be more like you clarkson and just wait for something good to form on daily and that out of the market is a position as well

Quite confused with the whole PPZ/Drawing lines on your charts thing at the moment. More on this later.

Been watching Vids today, almsot thru James Rants and Charts on from the Guest Section. Second time thru. Pure Gold.

I'm going to start learning inside bars. I have seen alot work nicely lately. I'm noticing them more on the chart in general as well. When they move, they seem to really go.

I decied to stick with FXPro and a 100k demo account for now, so as to experience the large amount of charts available. I will prob go to Primebank or JadeFX a couple months before I deposit and then use the one I like.

Checking out the charts now before work. Lots to do over the next few days.... which is weird for me, I'm sure it'll manage to snow as well... haha