hmmm.
simple, isn't it?
learned it from a fund manager, who's a lurker here.
And i am learning it from a guy who lives in a cave.
james16 Chart Thread
- #51,121
- Edited 3:59am Jan 9, 2010 3:46am | Edited 3:59am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
And i am learning it from a guy who lives in a cave.
- #51,124
- Jan 9, 2010 4:43am Jan 9, 2010 4:43am
Alright, here's a daily chart of G/U. First chart I've posted, no less! 
So I'm thinking that there's a lot of resistance on the upside, but it looks sort of like smooth sailing to the south... So if I were to looking to go short, I'd want price action to give me a signal in the area I've circled(or ovaled? lol)... right? Maybe? heh.
Lots more studying for me to do.
- A.
So I'm thinking that there's a lot of resistance on the upside, but it looks sort of like smooth sailing to the south... So if I were to looking to go short, I'd want price action to give me a signal in the area I've circled(or ovaled? lol)... right? Maybe? heh.
Lots more studying for me to do.
- A.
- #51,125
- Jan 9, 2010 6:01am Jan 9, 2010 6:01am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Alright, here's a daily chart of G/U. First chart I've posted, no less!
So I'm thinking that there's a lot of resistance on the upside, but it looks sort of like smooth sailing to the south... So if I were to looking to go short, I'd want price action to give me a signal in the area I've circled(or ovaled? lol)... right? Maybe? heh.
Lots more studying for me to do.
- A.
g.
I believe . . .
- #51,126
- Jan 9, 2010 6:01am Jan 9, 2010 6:01am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
And i am learning it from a guy who lives in a cave.
you are a bad bad boy nasir
what can I say I'm glad as well that I have meet guys like from this thread.
was to busy with my trades this week to post and I'm catching the latest post
took some losses to but my winnings are outperforming my losses by far
numbers are like flying in my account
wish you the best!!!
- #51,127
- Edited 6:12am Jan 9, 2010 6:11am | Edited 6:12am
Nice first chart.
g.
Hey thanks ghous.
I've recently become a huge fan of clean charts. I love 'em.
I don't see how people trade with a bajillion indi's going on... >.<Now I just need to figure out what exactly to do with it!
- A.
- #51,128
- Jan 9, 2010 6:24am Jan 9, 2010 6:24am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Hey thanks ghous.
I've recently become a huge fan of clean charts. I love 'em.
Now I just need to figure out what exactly to do with it!
- A.
enough said...
I believe . . .
- #51,129
- Jan 9, 2010 6:26am Jan 9, 2010 6:26am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
you are a bad bad boy nasir
what can I say I'm glad as well that I have meet guys like from this thread.
was to busy with my trades this week to post and I'm catching the latest post
took some losses to but my winnings are outperforming my losses by far
numbers are like flying in my account
wish you the best!!!
Feel great for ya!
g.
I believe . . .
mike i think that everyone on this forum is dying to read wisdoms you write
- #51,131
- Jan 9, 2010 7:58am Jan 9, 2010 7:58am
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Eur/GBP
Hello Dan,
Have you spotted the support line from July/Sept 07 and Oct 08 that may interfere when your trade from the floor of the triangle gets to c200 pips profit?
Am currently short from 0.8997 - a punt (11 pip stop)from the near confluence of 0.9000 and the down-sloping resistance line.
Kan
. my management is pretty damn tight. I see how you chose to short at .9000. What if it breaks north? when I managed my short off the T/L i moved my S/L to breakeven after only 30 pips and put a 50 pip trailing stop on the remainder. You can understand how it would be harder to catch a 200 point run this way, but it makes me a feel a lot better/more comfortable about my trades.In backtesting this technique on the forextester program, you can get some really nice runners this way, with very little risk.
Many choose unhappiness over uncertainty.
- #51,132
- Jan 9, 2010 8:15am Jan 9, 2010 8:15am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
phew that would be a huge rant. I wish I could find a post of mine and also another post someone made(may have been diallist) about this topic.
..........................................
This is extremely rough idea of what "stages" their are. I just type what I have on my mind so I probably will come back and add somethings or take away. I just wanted to give you something to chew on.
Mike
reading your post I was thinking that I was there to.
I was lucky a bit because I didn't spent a lot of time trying differnet strategies, and jumping from indicator to systems trying all the variation possible like others have been done.
First time I was hearing about forex was back in 5 jan 2009, I remember that day when friend of mine have introducing me to financial world.
It seems that I have just graduated my first year.....
That was my starting point, and I begin with reading babybpips(2 times or maybe more...
) after that I was reading from softpedia as much as I could. I'm a guy that likes to find answers by itself, and if it where a think that I didn't understand it, i was concentrating my strengths finding those answers.it was a painful road mentaly speaking.
to resume it befor finding james method of interpretated price I was playing around with a strategie from babypips....
At the begining I was scratching my head trying to understand the material and to figure out how can I implement what I have learned.
I heaven't put many question(as far as I'm concern...) and begin reading the thread from the beggin,following the requirement from post nr 1.
I have grasp the concept after many hours only looking at charts, not even placing eny orders, to see how it will react to some levels,I was allways interested ihn finding what it's behind price movements.
Only after I have benn abel to understanding (or sort of...) I have putting on practice by making trades, but not stop completely to read and learn in that time was reading rac(4time
),mike james posts.I was take it step by step finding my way and I know that I will always have somethink to learn.
I always learn from mistake in day life,even from others mistakes, and I try to look back analising what was rong and trying to leaarn from it to not do it again, because is for sure that you will be put in face with the same situation or something similar in your life and if you haven't learn nothing from your past experience you will fail every time by doing the same mistake.
I have a concept in my life that you are not fool if you do a mistake one time,even twice (I'm generous...
) ,but if you are doing the same mistake and not learn from the past experience, give me the authority to say to you that you are a damn FOOL.life it's god with us and she give the opportunities to change thinks by giving us the possibility to repair what we have done in the past by not repeat it again, that is how I see it.....
I want to add more but I'm afraid write a novel
wish you the best!!
PS: dind't wanted the post to be such a large one
- #51,133
- Jan 9, 2010 8:27am Jan 9, 2010 8:27am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
the above post took me to write it twice because I was encountered some problems and needed to restart my PC.
when I was finish writing the post right when to push the submitted button it screwed up, and forced my to re-write it again, took me some precious time.
I think I need to reformat my PC, see you later
wish you the best!
when I was finish writing the post right when to push the submitted button it screwed up, and forced my to re-write it again, took me some precious time.
I think I need to reformat my PC, see you later
wish you the best!
- #51,134
- Jan 9, 2010 8:29am Jan 9, 2010 8:29am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
Hard work and persistence pays Triger, you've been at it in times when you were all red with SLs...you might want to save this post.
Feel great for ya!
g.
When you are done with it it's all matter of visualization charts.
wish you the best
- #51,135
- Jan 9, 2010 8:36am Jan 9, 2010 8:36am
Yesterday I used priciples of james to trade GBP/USD pair and did it.. 50 pips of profit on demo account .. I'm so happy
It was a B setup I wasnt picky and perhaps it was beginners' luck but I was reading so much and wanted to try the methods am learning. I'm excited.
It was a B setup I wasnt picky and perhaps it was beginners' luck but I was reading so much and wanted to try the methods am learning. I'm excited.
- #51,136
- Jan 9, 2010 8:57am Jan 9, 2010 8:57am
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
Yesterday I used priciples of james to trade GBP/USD pair and did it.. 50 pips of profit on demo account .. I'm so happy
It was a B setup I wasnt picky and perhaps it was beginners' luck but I was reading so much and wanted to try the methods am learning. I'm excited.
I'm pretty much done with all this ...
- #51,137
- Jan 9, 2010 9:51am Jan 9, 2010 9:51am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
the above post took me to write it twice because I was encountered some problems and needed to restart my PC.
when I was finish writing the post right when to push the submitted button it screwed up, and forced my to re-write it again, took me some precious time.
I think I need to reformat my PC, see you later
wish you the best!
Solution:
When this problem occurs just click on the BACK button on top left corner of you screen--> you will get the post as it was before the problem--> COPY all the Text you have typed--> close your browser (or the TAB)--> open a new browser widow (or tab) --> go to FF and post by PASTING the text you have copied before. DONE.
- #51,139
- Jan 9, 2010 11:38am Jan 9, 2010 11:38am
- Joined Feb 2009 | Status: Trader | 1,038 Posts
[quote=Dan Gilbert;3352521]The way I have been managing my trades lately, If I even made 200 pips on my trade, I would be happy . my management is pretty damn tight. I see how you chose to short at .9000. What if it breaks north? ....
Hello Dan,
I spoke of taking "a punt", meaning engaging in a highly speculative venture. Normally I would wait for indication that price was heading south but I was leaving the house for the rest of the day and thought I would risk 11 pips.
Kan
P.S. I'm also in Jim's camp of getting to break even as soon as I can.
. my management is pretty damn tight. I see how you chose to short at .9000. What if it breaks north? ....Hello Dan,
I spoke of taking "a punt", meaning engaging in a highly speculative venture. Normally I would wait for indication that price was heading south but I was leaving the house for the rest of the day and thought I would risk 11 pips.
Kan
P.S. I'm also in Jim's camp of getting to break even as soon as I can.
Thanks for your help, warmth and straight talking Heather.
- #51,140
- Jan 9, 2010 2:59pm Jan 9, 2010 2:59pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
