DislikedNice one, Mike. A quick question, do you wait for price to break the low of BEUB before you enter, or do you directly trade at the open of the next bar? Thanks.
MairzaIgnored
It was a few pips below the low
Best
Mike
james16 Chart Thread
- #51,364
- Jan 12, 2010 1:30pm Jan 12, 2010 1:30pm
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
I know this is off topic, but does anyone have a way to contact Jarroo. It has been very long and this is not like him. Maybe someone has a personal email he has not answered PMs on here or the PF and I am worried at this point
I have notice his absence from here and actually really miss his post,..... aka a good setup is a high momentum break.....
hope he is fine wherever he is now,and hope he will post here again.
maybe he took an extra vacation on holidays enjoying the free time.
- #51,366
- Jan 12, 2010 2:28pm Jan 12, 2010 2:28pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
- #51,370
- Jan 12, 2010 3:40pm Jan 12, 2010 3:40pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
Interesting PPZ area on Gold...goes further back if you look at the 4H...plus has hidden divergence...not price action though but potentially a pure PPZ trade
i was already looking gold today... i was looking for the break at 1148.8 and first of all i missed the break and second it wasnt an A+ trade, but nevertheless a would made quite a profit 
- #51,374
- Jan 12, 2010 5:23pm Jan 12, 2010 5:23pm
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
xxxxxxxxxxxxx = On Fundamentals
or
xxxxxxxxxxxxx = On Charts
thanks.
Could any of the experts really predict the fall of Lehman Brothers (well, apart from the people who orchestrated it...
)? I don't think so...Not to say that the source Rac was referring to is wrong...
One Chart is Worth Ten Thousand Words.
- #51,376
- Jan 12, 2010 6:17pm Jan 12, 2010 6:17pm
Many economists/analysts are saying that Euro will get battered (to the point of near-destruction). Well, when the last US election campaigns were just underway, many "gurus" bet their balls Clinton would win. Did anyone bothered to dig up those predictions after Obama became the president, and make those experts blush? I don't think so.
Could any of the experts really predict the fall of Lehman Brothers (well, apart from the people who orchestrated it...
Not to say that the source Rac was referring to is wrong...
I reported to you that a massive flight to quality took place the past few months.
Not to gold, which is the joke of the decade. But to the U.S. dollar. To U.S.
government debt.
The past few weeks, that flight to quality picked up even more steam. Investors and
central banks bought so many U.S. government securities -– so many 3-month and 6-
month T-bills -- the yield went negative.
Recent U.S. Treasury auctions have been four times oversubscribed. That means demand
for T-bills was four times greater than supply. A new record high. And that was
despite huge record breaking offerings from the U.S. government. i.e. supply was
huge, but was still swamped by demand.
Now you see why. The smart money knew Dubai was coming unglued. They knew Dubai's
wipeout pushes the rest of the world financial system off the edge of a cliff. So
they got their own money into the world's one and only safe haven. The place I've
begged you to put your own money. U.S. dollars and U.S. government securities.
The Wall Street experts keep telling us the U.S. government is monetizing debt.
Supposedly it will have to print money to cover these massive losses.
Total bull. The U.S. government is successfully selling the most debt in world
history. At the lowest interest rates ever. These rates keep dropping lower and
lower. Still demand for the T-bills, T-notes and T-bonds grows and grows.
Wall Street tells us the dollar is crashing. More bull. The dollar is merely settling
down from the flight to quality that took place a year ago, when the banking crisis
hit...
This was reported last month, check today's T-bills, T-notes and T-bonds yields and action...
That which does not kill me, makes me stronger.
Waouh! I am always surprised how fast that thread is going, at least to my reading/absorbing pace. More posts are written than I can read! 
That's mostly because there is so much good stuff
So very late, thanks triger88990 for your post
http://www.forexfactory.com/showpost...ostcount=50797
I appreciate to read those basics over and over again.
However I am not following them strictly beside reading that thread from the beginning, I am using real money. This is for several reason:
- I already have an account (not a real reason, just most of my losses come from the time before knowing this thread)
- I found out before knowing about this thread that psychology is very important part of trade, and in my case, demo psychology behavior is different than real psychology behavior. I did couple month demo before starting real trading, I didn't started out of the blue directly with real money. The trade I was speaking about previously would have been a big winner in demo instead of the small winner it was in real. (strongest reason)
- I am becoming at lightning pace more picky in real than in demo. Guess why...
Generally speaking I learn better when I try real compare to demo/test, not only for trading (good reason)
- since I started trading, I consider my money just as something I use to learn something, money is not my goal, just a possible consequence. My goal is mostly knowledge. I mean, in my life I already spent so much money on various hobby I am not interested anymore. Did I loose money? no it is part of me now. It is the same for trading. I have a budget, that is certain amount of money i can loose per month (that correspond to the budget to spend I had for my previous hobbies). If I loose more, then I don't trade anymore until I am "allowed" again. (just a personal additional reason, my way to do based on the reasons why I am doing it, may change, I adapt to my goals)
there are couple other reasons, but I don't want to bother people with my own personal life and history
Overall, as I understand this thread, a bunch of keys are given. But it is up to each to find those opening THE doors to what we want (and sometimes open surprising doors).
Most surprisingly, I learn a lot about myself with trading and a lot of helpful stuff for my job which has nothing to do with trading at first sight. And for that knowledge, I still consider paying a cheap price with my losses (which are not that big anyway, close to BE now thanks to James16 thread).
But all this is just my personal case, certainly not a model to follow.
Ho, that is long already, sorry, I ll go back studying those fascinating touch trades. Thanks a lot Dan to your previous explicative post, raised my interest
Edit: almost forgot, wanted to share that one: forex chart widget for mac
http://www.apple.com/downloads/dashb...rtswidget.html
useful for quick checking at work when you made your homework and know what to look for (don't expect to do any deep analysis of the market with it )
That's mostly because there is so much good stuff
So very late, thanks triger88990 for your post
http://www.forexfactory.com/showpost...ostcount=50797
I appreciate to read those basics over and over again.
However I am not following them strictly beside reading that thread from the beginning, I am using real money. This is for several reason:
- I already have an account (not a real reason, just most of my losses come from the time before knowing this thread)
- I found out before knowing about this thread that psychology is very important part of trade, and in my case, demo psychology behavior is different than real psychology behavior. I did couple month demo before starting real trading, I didn't started out of the blue directly with real money. The trade I was speaking about previously would have been a big winner in demo instead of the small winner it was in real. (strongest reason)
- I am becoming at lightning pace more picky in real than in demo. Guess why...
Generally speaking I learn better when I try real compare to demo/test, not only for trading (good reason)- since I started trading, I consider my money just as something I use to learn something, money is not my goal, just a possible consequence. My goal is mostly knowledge. I mean, in my life I already spent so much money on various hobby I am not interested anymore. Did I loose money? no it is part of me now. It is the same for trading. I have a budget, that is certain amount of money i can loose per month (that correspond to the budget to spend I had for my previous hobbies). If I loose more, then I don't trade anymore until I am "allowed" again. (just a personal additional reason, my way to do based on the reasons why I am doing it, may change, I adapt to my goals)
there are couple other reasons, but I don't want to bother people with my own personal life and history
Overall, as I understand this thread, a bunch of keys are given. But it is up to each to find those opening THE doors to what we want (and sometimes open surprising doors).
Most surprisingly, I learn a lot about myself with trading and a lot of helpful stuff for my job which has nothing to do with trading at first sight. And for that knowledge, I still consider paying a cheap price with my losses (which are not that big anyway, close to BE now thanks to James16 thread).
But all this is just my personal case, certainly not a model to follow.
Ho, that is long already, sorry, I ll go back studying those fascinating touch trades. Thanks a lot Dan to your previous explicative post, raised my interest
Edit: almost forgot, wanted to share that one: forex chart widget for mac
http://www.apple.com/downloads/dashb...rtswidget.html
useful for quick checking at work when you made your homework and know what to look for (don't expect to do any deep analysis of the market with it )
- #51,379
- Jan 12, 2010 7:20pm Jan 12, 2010 7:20pm
Hi everyone! My first trade using the J16 method was a success!
I posted my trade earlier and KISS's comment got me a bit scared on the trade, but its a demo, and I'm going to make sure to be more observant next time.
I'm So far up a 100~ pips and moved my stop to my first TP zone
Sorry if I sound too much like a kid, I'm just so happy atm.
One big thing I learned is that without a personal confidence thats backed up with hardcore personal evidence that your system works, its impossible to trade successfully.
When I start treated the demo like its the real deal, I recognized that if there was real money involved, then I wouldn't have taken this trade or any other good setups because I'd get scared and hope to catch the next wave until I get impatient and take the crappiest trade and lose all of my money.
Also learned a good lesson on Account size when I got very excited making 1000 grand on the demo until I recognized that I don't have the 20 grand needed to make 1000 grand from that trade
I know its still too early to celebrate, but I feel very good so far.
Thank You Everyone on this thread!
PS. is there a way to demo trade commodities, futures, dow?
I posted my trade earlier and KISS's comment got me a bit scared on the trade, but its a demo, and I'm going to make sure to be more observant next time.
I'm So far up a 100~ pips and moved my stop to my first TP zone
Sorry if I sound too much like a kid, I'm just so happy atm.
One big thing I learned is that without a personal confidence thats backed up with hardcore personal evidence that your system works, its impossible to trade successfully.
When I start treated the demo like its the real deal, I recognized that if there was real money involved, then I wouldn't have taken this trade or any other good setups because I'd get scared and hope to catch the next wave until I get impatient and take the crappiest trade and lose all of my money.
Also learned a good lesson on Account size when I got very excited making 1000 grand on the demo until I recognized that I don't have the 20 grand needed to make 1000 grand from that trade
I know its still too early to celebrate, but I feel very good so far.
Thank You Everyone on this thread!
PS. is there a way to demo trade commodities, futures, dow?
Going to go Hunt for some large pips
- #51,380
- Jan 12, 2010 7:22pm Jan 12, 2010 7:22pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Hi everyone! My first trade using the J16 method was a success!
I posted my trade earlier and KISS's comment got me a bit scared on the trade, but its a demo, and I'm going to make sure to be more observant next time.
Attachment
I'm So far up a 100~ pips and moved my stop to my first TP zone
Sorry if I sound too much like a kid, I'm just so happy atm.
One big thing I learned is that without a personal confidence thats backed up with hardcore personal evidence that your system works, its impossible to trade successfully....
Many choose unhappiness over uncertainty.