james16 Chart Thread
Why would you even want to think about smth that is crappy?.. SCPB is like being "almost pregnant" - you are either pregnant (hm, my wife is - but it will be all "over" in one month) or you are not.
Congratulations, 007. A future trader in the making. He/she is going to have a great head start.
lol
Re-post:
Establishing a zero risk position, with room to run, is always a very juicy proposition to me too.
) can vary in terms of %R. I was thinking about a trade management style where you took off enough to leave the stop at the end of the bar (for a pin bar, or outside bar), which is the safest place to leave it, and then trailed the (small) remainder out for profit. Sometimes this would leave an unreasonably small position, but there could be times when, for example, your FTA is .5R from your entry, so you take 2/3 of the position off and let the last 1/3 go with a full bar stop.I would say 99% on here will start with 1/5k like I did, so trading for those A+++ pin set ups on a daily/weekly will make them no more than pocket money I'm afraid, so really no use to the majority.
All this 'you can compound up to a mill is a year' is correct on paper, but in the real world it doesn't happen, try it, you will see. You have fill problems, broker games, telephone only execution, the usual games,
Welcome back Bob. When Ryan returns you're never far behind.
just trying to weed out the hot air around here, you maybe one of the best traders, or someone claiming benefit living in a trailer park, how will I personally know unless I see proof of some sort? Again, not having a pop, just trying to get through one trade to the next myself!
lol. 99% will start with more than $1000?
I think you have an extra zero in there. Possibly two.
And here I was thinking that taxes and living costs would slash your returns as a 'full time trader' far before structural issues became a problem.
With skills like this, you should become a detective - fictional or otherwise
Jarroo, I had an idea this morning and wanted to bounce it off you. I know you are a fan of having "free trades" just like I am, and that you used to take half off at the first level then move your stop the same amount of pips away from the entry. Do you still do this sometimes?
Basically I was thinking about how the FTA (First trouble area, someone recently coined this term
That 145.00 I saw as a potential problem, you never know with this chick.
So I played "free trade" style, half at 83 pip other half -83. I thought I was going to get stopped out but I didn't, so I like your 140.00.
This Double Inside Bar setup (Dale's Double) on the Weekly Gbp/Jpy.
I try not to use a fix amount like 30 pips or 50 pips but let the chart tell me by the 1st trouble area, be it major or minor.
My entry short was at 146.55 it hit the 1st minor area of trouble and I closed the 1st half for +83 pips then immediately set stop loss above the entry -83 pip away. And Yes, I'm still in this trade and it was close.lol
