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

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james16 Chart Thread

  • #57,001
  • Mar 3, 2010 6:33am Mar 3, 2010 6:33am
Hi there chaps.

I'm about to open a real small live account (US$500) just to get a feel for things and only trade A++ setups ( I have been profitable for the first 3 months of demo as per J16 guidelines even though I have been guilty sometimes of trading sub A++ setups)

Anyways, from what I noticed not all brokers offer micro lots, & those that do I haven't heard of. Anybody for instance got any experience with Activ Trades? Are they any good? & should I go for their fixed or variable spreads?


Many thanks


Stef

Quoting bundyraider
I noticed that, but still wasn't sure which of the two 'pages' you were on! lol

So you were on both.

All's good.
  • #57,002
  • Mar 3, 2010 6:52am Mar 3, 2010 6:52am
Quoting Prof Hunter
No, it s just ADP. Not friday, yet. You say 7seven years trading? Hmm...
It looks I have too much time to read ....s like this.
You don't get it, guys (hm, "girls") - once someone traded for 7 yrs, that person can then choose when the NFP day is!
One Chart is Worth Ten Thousand Words.
  • #57,003
  • Mar 3, 2010 6:57am Mar 3, 2010 6:57am
US$500 account? Go Oanda. And chart using MT4 (IBFX demo or something)

Oanda allows you to trade all the way down to $1.00
That's NOT $1.00 per pip, I'm talking about, for example , a currency moving 100 points and you receiving 1c gain because you only bought $1. lol

...That's a GREAT advantage. You can size you trades VERY appropriately and with $500 could even trade the Monthly charts if it took your fancy. 1000 pips can mean about $10. LOL (depending on the pair.)

Keep in mind with Oanda:-

Their charts are based on some average value in the middle of the spread.
So you may end up setting your stop at what is not actually the high or low of whatever bar you are basing the trade on. ....So use the charts on your MT4 screen to get your price levels etc. If you're trading the dailys etc , it isn't as big a problem on most pairs, but still needs to be kept in mind.

Just telling you that... as I got caught out a few times when I switched to their window (after finding the setup on Mt4) and then looked at their charts to get my levels. Took me a while to figure that out and get used to it.

OANDA have an unlimited time demo. Check them out now and have a play.

Quoting Pinnocchio_S
Hi there chaps.

I'm about to open a real small live account (US$500) just to get a feel for things and only trade A++ setups ( I have been profitable for the first 3 months of demo as per J16 guidelines even though I have been guilty sometimes of trading sub A++ setups)

Anyways, from what I noticed not all brokers offer micro lots, & those that do I haven't heard of. Anybody for instance got any experience with Activ Trades? Are they any good? & should I go for their fixed or variable spreads?


Many thanks


Stef
Bundy's status today: "Waiting..."
  • #57,004
  • Mar 3, 2010 6:59am Mar 3, 2010 6:59am
Quoting Forex007
You don't get it, guys (hm, "girls") - once someone traded for 7 yrs, that person can then choose when the NFP day is!
Oh, yeah, I see, now! Sure, You are right!
  • #57,005
  • Mar 3, 2010 7:15am Mar 3, 2010 7:15am
Quoting Prof Hunter
Yes, I definetely think You need.
You read after NFP, now, and try to shadow it after.
And read back your own posts, after you write you average 10% per week, two hours later you are just averaging 5%. Oh, at the end of the Year you will lose everything and more...
No more respond from Me towards you, so I let you the last word(,the only joy in your life, it seems).
I trade news, enough said I think as News is my business. 5% this week so far buddy, typo, how much have you made (or lost)? Envy can eat a man up. I feel 10% a week is low as Ryan can make (apparently, no proof) 10% in a day, now wouldn't you want a piece of the 50% per week pie?
  • #57,006
  • Mar 3, 2010 7:19am Mar 3, 2010 7:19am
Quoting Prof Hunter
Yes, I definetely think You need.
You read after NFP, now, and try to shadow it after.
And read back your own posts, after you write you average 10% per week, two hours later you are just averaging 5%. Oh, at the end of the Year you will lose everything and more...
No more respond from Me towards you, so I let you the last word(,the only joy in your life, it seems).

I hope above clears it up for you, if not, just post another childish insult as usual.
  • #57,007
  • Mar 3, 2010 7:30am Mar 3, 2010 7:30am
Quoting Max Profit
I trade news, enough said I think as News is my business. 5% this week so far buddy, typo, how much have you made (or lost)? Envy can eat a man up. I feel 10% a week is low as Ryan can make (apparently, no proof) 10% in a day, now wouldn't you want a piece of the 50% per week pie?
I have not had a e-stalker in a while, last one was brother bob. So Max what is the magic, how does one trade the news like I see all the adds on TV?
Keep taking CT trades, I need more money
  • #57,008
  • Mar 3, 2010 7:31am Mar 3, 2010 7:31am
Quoting Pinnocchio_S
Hi there chaps.

I'm about to open a real small live account (US$500) just to get a feel for things and only trade A++ setups ( I have been profitable for the first 3 months of demo as per J16 guidelines even though I have been guilty sometimes of trading sub A++ setups)

Anyways, from what I noticed not all brokers offer micro lots, & those that do I haven't heard of. Anybody for instance got any experience with Activ Trades? Are they any good? & should I go for their fixed or variable spreads?


Many thanks


Stef
I have an account with them, though small (1000E). I've tried everything from a quick scalp to long term and haven't had a problem so far (but i've done just a handfull of trades, it's not statistically significant ). I liked them for their microlots and low withdrawal commissions.

They do have some high spreads (on fixed). You could try their variable spread account. I can't comment on that.

I like that they have commodities and indices in MT4, but the graphs don't run such a long way (some go back for just a few months, and you can't really see important areas from the past).

I'm demoing on FxOpen, which is an ECN. They charge direct commissions (something like $10/lot), they don't gain from spreads. Spreads are variable, but during normal trading hours (except news) they are about 1 pip for all majors. But they only go down to mini lots ($10,000).

You could go for bundyraider's advice. I don't like Oanda for the platform.
  • #57,009
  • Mar 3, 2010 7:31am Mar 3, 2010 7:31am
Quoting Max Profit
I trade news, enough said I think as News is my business. 5% this week so far buddy, typo, how much have you made (or lost)? Envy can eat a man up. I feel 10% a week is low as Ryan can make (apparently, no proof) 10% in a day, now wouldn't you want a piece of the 50% per week pie?
Hey MP and welcome to the thread

I see that you have some problems figuring out what some guys from here are doing.just go through them post to see if you can grab some information that may help you.

Let's be constructive here and learn from each one.This thread is filled with priceless information just have a minset to grab them and you will see that will have a tremendous benefits even to you.

I will look forward to see from you some charts with some thoughts.

all the best to you!!
  • #57,010
  • Mar 3, 2010 7:34am Mar 3, 2010 7:34am
Quote
What about MAX???
"The more I practice, the luckier I get." (Gary Player)
  • #57,011
  • Mar 3, 2010 7:35am Mar 3, 2010 7:35am
Quoting Max Profit
I trade news, enough said I think as News is my business. 5% this week so far buddy, typo, how much have you made (or lost)? Envy can eat a man up. I feel 10% a week is low as Ryan can make (apparently, no proof) 10% in a day, now wouldn't you want a piece of the 50% per week pie?
i made more then 1000% in a week.
.
  • #57,012
  • Mar 3, 2010 7:54am Mar 3, 2010 7:54am
Quoting nasir.khan
i made more then 1000% in a week.
.
I made 5000% this morning when I asked my girlfriend for a dollar coin for the coke machine at work and found a $50 note in her wallet.

I should so write an ebook.

...
Looking for some action on AUDUSD. Let's see if the Ghost or the Darkness is waiting above 0.9060. Then sleep.

Attached Image (click to enlarge)
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When you have to shoot, shoot. Dont talk.
  • #57,013
  • Mar 3, 2010 8:02am Mar 3, 2010 8:02am
Quoting joelcf
I made 5000% this morning when I asked my girlfriend for a dollar coin for the coke machine at work and found a $50 note in her wallet.

I should so write an ebook.

...
Looking for some action on AUDUSD. Let's see if the Ghost or the Darkness is waiting above 0.9060. Then sleep.

Attachment
5000%

Don't bet this big (specially against the trend), or you may end up
Quote
Trading against yourself
.
  • #57,014
  • Mar 3, 2010 8:05am Mar 3, 2010 8:05am
Quoting nasir.khan
5000%

Don't bet this big (specially against the trend), or you may end up
.
rofl. well played, sir
When you have to shoot, shoot. Dont talk.
  • #57,015
  • Mar 3, 2010 8:14am Mar 3, 2010 8:14am
Quoting joelcf
rofl. well played, sir
Ohhhh yea i did it,

Making a Bear ....... "".......... is not an easy thing to do.
.
  • #57,016
  • Mar 3, 2010 8:19am Mar 3, 2010 8:19am
http://www.snotr.com/video/4021
  • #57,017
  • Mar 3, 2010 8:20am Mar 3, 2010 8:20am
Quoting jarroo
...
I wasn't talking about the Daily PB but the Daily PPZ level, 85.75, which is good to know if your trading the lower time frames. Thought it may aid in your trade management.
Gotcha. Thanks jarroo.
  • #57,018
  • Mar 3, 2010 8:25am Mar 3, 2010 8:25am
Quoting Max Profit
http://www.snotr.com/video/4021
Is that you???
  • #57,019
  • Mar 3, 2010 9:13am Mar 3, 2010 9:13am
Quoting Max Profit
If not, fine, I'll get there, just wanted to fast forward. Notice there are not many losing trades posted here is there?
Well you haven't read too far then, have you? lol
Bundy's status today: "Waiting..."
  • #57,020
  • Mar 3, 2010 9:15am Mar 3, 2010 9:15am
*yawn*
lowest draw down possible please.
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