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Trading Price Patterns with JamTheTrader

  • #61
  • Apr 24, 2010 1:21pm Apr 24, 2010 1:21pm
Quoting angus
Oh, ok, I'll remove it.
No prob guys, just give me a chance to earn your respect, you wont be disappointed. I will not sell on here period, ever, and will share as much as I can freely.
  • #62
  • Apr 24, 2010 1:25pm Apr 24, 2010 1:25pm
Quoting JamTheTrader
You did, I posted the last couple trades in real time on the rookie section as they were under way...
Ah ok, I didn't see them (not too sure about the 'under way' bit though.)

If you can show real-time trades, with your analysis in advance, and help novices to become consistently profitable then kudos to you, heaven knows they desperately need the help!

Excuse my skepticism, it's just I've got so used to seeing these types of oasis in the desert being sold to gullible desperate novices, which then turn out to be nothing more than a mirage......

-
  • #63
  • Apr 24, 2010 1:35pm Apr 24, 2010 1:35pm
Quoting pipmutt
Ah ok, I didn't see them (not too sure about the 'under way' bit though.)

If you can show real-time trades, with your analysis in advance, and help novices to become consistently profitable then kudos to you, heaven knows they desperately need the help!

Excuse my skepticism, it's just I've got so used to seeing these types of oasis in the desert being sold to gullible desperate novices, which then turn out to be nothing more than a mirage......-
And I was one of those desperate newbies myself once, 10,000 hours and that is what it will take to make it in this biz. No short cuts, very hard work, but when it clicks it is unbelievable. I will do my best to get some analysis work on here, remember I am doing the same for my live room and I trade with them as well so that will be first

I hope that what I do share here can be used by new traders trying to learn

Jim
  • #64
  • Apr 24, 2010 1:37pm Apr 24, 2010 1:37pm
http://www.screencast.com/t/YTkxYzU1N
Money management video

http://www.screencast.com/t/YzMwYjU2OGM
Reversal pattern video

Enjoy

Jam
  • #65
  • Apr 24, 2010 2:23pm Apr 24, 2010 2:23pm
Quoting JamTheTrader
Mark,
I am moving this discussion over to the trading systems section now that I have been deemed more than a rookie

Lets continue this over there under trading price patterns.

Thanks,

JAM

nice that we have such a smart teacher . go on

Post the link....
  • #66
  • Apr 24, 2010 4:44pm Apr 24, 2010 4:44pm
Quoting JamTheTrader
Mark,
I am moving this discussion over to the trading systems section now that I have been deemed more than a rookie

Lets continue this over there under trading price patterns.

Thanks,

JAM
Can you give at least link to it?
The more experience the closer to the reality
  • #67
  • Apr 25, 2010 2:07am Apr 25, 2010 2:07am
It's an initiative and aptitude test designed to filter out the hapless, helpless, and hopeless. If you can't find the thread on your own.......

........you fail
  • #68
  • Apr 25, 2010 4:25am Apr 25, 2010 4:25am
Quoting Ivan
Can you give at least link to it?
Ivan,

Go back to the forum home page, trading systems, trading price patterns with JamTheTrader
  • #69
  • Edited 6:45am Apr 25, 2010 4:44am | Edited 6:45am
Lets have a brief discussion geared toward new or unprofitable traders.

The first thing that you must ask yourself is why do I want to trade! This question alone will help you set your goals, attitude and mindset for trading.

1. Is it a hobby for you and a little gambling fun?
2. Do you expect to become a professional trader and make a living from it?
3. If your answer is #2 are you really sure? And are you ready to do the work involved?

Trading is one of the hardest careers you will ever embark on! But it can also be one of the most rewarding if you can get through the many hurdles necessary to make it.

I always ask people that expect to make a lot of money very quick, how long it took them to train in their current professions? Then after training, how long did it take them to become proficient?

I am here to tell you that most will never make it in trading, not that they cant, but they won't. They have false expectations and poor work ethic! You have to be honest with yourself, if you don't want to do the work then keep this as a hobby, but don't expect to make any money over the long haul and the money you trade with should be considered gambling money.

If you want to make a living trading, then you must set this up as a business with start up capital, training, rules, and a ton and I do mean a ton of testing, walking through your charts from the right edge and testing your signals.

One last thing for this post---If you are losing money STOP STOP STOP trading real money...... Go to Sim until you establish a track record on Sim, then move to a micro account risking .10 per pip or so until you can work out the differences from Sim to live (head issues). After you are successful on micro, slowly start bringing yourself up to full size.

One last note... over leveraging is the kiss of death to new traders (and sometimes old ones as well). Do not get caught up in adds that say 400 or 500 to 1 leverage, if you need that much leverage then you shouldn't be trading!!

To be continued....

Jam
  • #70
  • Apr 25, 2010 5:31am Apr 25, 2010 5:31am
Thank you very much for starting this thread and for the screencast videos. Some of us need as much help as we can get.
  • #71
  • Apr 25, 2010 5:33am Apr 25, 2010 5:33am
Quoting Slack
Thank you very much for starting this thread and for the screencast videos. Some of us need as much help as we can get.
You are welcome, I just hope at the very least I can help stop the bleeding

Jam
  • #72
  • Apr 25, 2010 6:49am Apr 25, 2010 6:49am
Would appreciate it if you could post the Gann paint bar indi. can`t find it anywhere, thanks.

Sharpster
  • #73
  • Apr 25, 2010 6:54am Apr 25, 2010 6:54am
Quoting sharpster
Would appreciate it if you could post the Gann paint bar indi. can`t find it anywhere, thanks.

Sharpster
Sharpster,
It is a standard indicator in Fibonacci Trader.

Jam
  • #74
  • Apr 25, 2010 8:12am Apr 25, 2010 8:12am
Quoting JamTheTrader
Ivan,

Go back to the forum home page, trading systems, trading price patterns with JamTheTrader

Here is the link

http://www.forexfactory.com/showthread.php?t=233310

have a nice day

Mark
  • #75
  • Apr 25, 2010 8:41am Apr 25, 2010 8:41am
Hello everybody,

I have blow up four accounts. It was too years ago.
First it was 5000€ accaunt and I earn 10.000,00€ in 1 mont - then blow up in 14 days. Second account 2000€ blow up in one week. Then I change my method and I open thirt acconunt 10.000€ in one month is blow up in few weeks. And forth account 5000€ actualy I still have 2000 € but I didnt trade 1,5 year. I youst reed, study, and testing....

Yes I know what you think...stupid becouse trading live charts. And do not make same mistake you too!!! In forex is 70-80% trader like I whos.

I redy to chnge my trading, and hire we are that we help echather.

Sory for my eanglesh. I still learning.

by Marko
  • #76
  • Apr 25, 2010 8:54am Apr 25, 2010 8:54am
Quoting mark7
Hello everybody,

I have blow up four accounts. It was too years ago.
First it was 5000€ accaunt and I earn 10.000,00€ in 1 mont - then blow up in 14 days. Second account 2000€ blow up in one week. Then I change my method and I open thirt acconunt 10.000€ in one month is blow up in few weeks. And forth account 5000€ actualy I still have 2000 € but I didnt trade 1,5 year. I youst reed, study, and testing....

Yes I know what you think...stupid becouse trading live charts. And do not make same mistake you too!!!...

Blowing up accounts is part of being a trader. You should probably trade a demo before you put that 2000 EURO on the line. But good luck, and I hope you become a profitable trader.
  • #77
  • Apr 25, 2010 9:04am Apr 25, 2010 9:04am
Quoting JamTheTrader
I first posted this under the rookie section due to being new here and not having access to this area for posting. I am moving this discussion over here as this is where it belongs.

My system,

1. I trade the market not indicators!! If the indicators are signaling a
trade, but the market structure is not there then I leave it alone period.
I don't need to catch every trade.
if this is the case why do you use indicators at all?
  • #78
  • Apr 25, 2010 10:15am Apr 25, 2010 10:15am
i see you trade forex with Ninja trader. witch broker do you trade with?
  • #79
  • Edited 11:18am Apr 25, 2010 11:04am | Edited 11:18am
Quoting >Apocalypto<
if this is the case why do you use indicators at all?
Apocalypto,

First, like many, that is how I learned initially and then graduated to price action.
Second, they help with entries and exits.

Believe me, my charts are bare compared to when I started

Jam
  • #80
  • Apr 25, 2010 11:05am Apr 25, 2010 11:05am
Quoting protected
i see you trade forex with Ninja trader. witch broker do you trade with?
PFG Best
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