Dislikedif you accomplish the following you would be the first i would personally know of in 28 years in this business.Ignored
You can't ignore what someone with this much experience is telling you.
Many choose unhappiness over uncertainty.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedif you accomplish the following you would be the first i would personally know of in 28 years in this business.Ignored
Dislikedwell you have my best wishes and i appreciate your time in the thread.
if you accomplish the following you would be the first i would personally know of in 28 years in this business.
1. start out with a small account.
2. start out on intraday and not blow your account.
3. or still be trading the SAME non blown account 10 years later.
wont happen.Ignored
DislikedYou can trade 10,000 units with a 250 deposit with OANDA. Max leverage is 50:1. This is $1 per pip to practice with. Put in $500 from your tax return and learn your lessons. Get a job. Keep practicing.Ignored
DislikedI think if you go in guns blazing intraday, then you will inevitabley blow out, but taking A setups, small risk, then I don't see the danger, still treat like a business.
News was mentined , but all you do is stayout when news is due.Ignored
Dislikedhard to argue with that resume....
You can't ignore what someone with this much experience is telling you.Ignored
Dislikedare you telling me that no trader has ever been profitable starting on less than daily timeframe?Ignored
DislikedThis is where that 95% failure rate everyone talks about comes into play... you're not wrong (you're 5% correct), but if you follow Jims rule, you won't be in the 95% column.Ignored
DislikedI suppose I saw someone like Trader_Dante, who looks as if he started on daily/hourly and was making good returns. Think he was called the wizard on here if I am correct.
I would love to just trade daily it looks very stress free, but how can you build an account in less than 10 years.Ignored
Dislikedi see some new folks around and a big welcome to you. i also see some people wanting to start out on small time frames.
these are for you.
http://www.forexfactory.com/showpost...ostcount=41772
http://www.forexfactory.com/showpost...ostcount=25737
http://www.forexfactory.com/showpost...ostcount=25169
http://www.forexfactory.com/showpost...ostcount=25755
http://www.forexfactory.com/showpost...ostcount=26452...Ignored
Dislikedtrade 60 markets at once. when one comes by takes its money and wait for the next oneIgnored
Dislikedi see some new folks around and a big welcome to you. i also see some people wanting to start out on small time frames.
these are for you.
http://www.forexfactory.com/showpost...ostcount=41772
http://www.forexfactory.com/showpost...ostcount=25737
http://www.forexfactory.com/showpost...ostcount=25169
http://www.forexfactory.com/showpost...ostcount=25755
http://www.forexfactory.com/showpost...ostcount=26452Ignored
Disliked60 Markets!!! I can only think of a handful.
Or you mean instruments, but which broker allows you to trade from so many?Ignored
DislikedJim is taking about his experience, I value that all he has given us. Everyone is different though, another trader with 30 years experience might have a different experience, are you telling me that no trader has ever been profitable starting on less than daily timeframe?
If you stick to the rules treat it as a business and keep risk under control then I think its a path that is ok for someone who has understood the material.
The advice though on the first page is still the best for anyone new. I just think there might be room for someone who...Ignored
Dislikedwell....
if you accomplish the following you would be the first i would personally know of in 28 years in this business.
1. start out with a small account.
2. start out on intraday and not blow your account.
3. or still be trading the SAME non blown account 10 years later.
....Ignored
DislikedMr James,
I am newbie and started with following your MIN REQ advices from pag1
I liked the way you put that, simple, direct, no short cuts, hard study, many years and many efforts to dedicate to the challenge before understandings if this "business" as you called it works.
When I started trying to understand if trading was soustainable and possible for "non expert people" like me (I am an air traffic controller) anytime I looked at some online courses promising immediate results with no efforts I knew it was the confirmation for me that...Ignored
DislikedMike
Thanks for a great reply. When you say you have tested risk reward ratios and realise they are only good "in retrospect" so to speak, and that making money is making money, are you saying that in fact a scenario like a pinbar at a great PPZ with a 100 pip stoploss and a potential 30 pip until the first take profit zone IS in fact a good trade we should be taking, and just ignore the RR ratio? Should we just look for these great high prob setups and let them get to the area we know they should get to, then manage trade from there? (eg: go...Ignored
Dislikedthank you very much.
anyone that does your job certainly knows how to focus on the job at hand.
jimIgnored
Disliked60 Markets!!! I can only think of a handful.
Or you mean instruments, but which broker allows you to trade from so many?Ignored