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Trading Price Patterns with JamTheTrader

  • #81
  • Apr 25, 2010 11:07am Apr 25, 2010 11:07am
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!!! In forex is 70-80% trader like...
Unless you have unlimited funds, or just like like to gamble, then you should be on Sim until you can make consistent money on Sim. Also, if you have made great money then give it all back quickly, you must really question your money management plan!!

Post your business/trading plan and I will have a look.

Jam
  • #82
  • Apr 25, 2010 11:21am Apr 25, 2010 11:21am
Quoting mark7
Here is the link

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

have a nice day

Mark
Thank you Mark
  • #83
  • Apr 25, 2010 3:21pm Apr 25, 2010 3:21pm
Quoting JamTheTrader
Unless you have unlimited funds, or just like like to gamble, then you should be on Sim until you can make consistent money on Sim. Also, if you have made great money then give it all back quickly, you must really question your money management plan!!

Post your business/trading plan and I will have a look.

Jam
hy,

In my sistem I brake out Now york open for ES. SL was 16 1TP=8 and
second TP=16.
because I traded only once a day, sometimes not, I gave up my system.

My goal is to learn to read charts, and trade too or three time in one day.
I think that price action is the best way.

I watch your video. and come wait your post.
Mark
  • #84
  • Apr 25, 2010 4:45pm Apr 25, 2010 4:45pm
Quoting mark7
hy,

In my sistem I brake out Now york open for ES. SL was 16 1TP=8 and
second TP=16.
because I traded only once a day, sometimes not, I gave up my system.

My goal is to learn to read charts, and trade too or three time in one day.
I think that price action is the best way.

I watch your video. and come wait your post.
Mark
Mark,

First, you need a full business plan, you can google your trading plan to get an idea of how to build one, once you do that, then I will know you are serious.

Jam
  • #85
  • Apr 26, 2010 3:27am Apr 26, 2010 3:27am
In now
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  • #86
  • Apr 26, 2010 3:29am Apr 26, 2010 3:29am
Half off +22 pips
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  • #87
  • Apr 26, 2010 3:30am Apr 26, 2010 3:30am
This was called live in the room as well and many traders are in it
  • #88
  • Apr 26, 2010 3:36am Apr 26, 2010 3:36am
Out + 33 on second half chart to follow
  • #89
  • Apr 26, 2010 3:40am Apr 26, 2010 3:40am
Second Half Off
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  • #90
  • Apr 26, 2010 3:49am Apr 26, 2010 3:49am
Account statement, equity curve
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  • #91
  • Apr 26, 2010 3:55am Apr 26, 2010 3:55am
My room took this, I was too busy trying to post live on here. Expensive post !!!!
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  • #92
  • Apr 26, 2010 4:07am Apr 26, 2010 4:07am
Room covered spread and broke even on the GBPUSD trade so I did not lose anything
  • #93
  • Apr 26, 2010 4:14am Apr 26, 2010 4:14am
Great start on the day.

I hope this gives us better than 3 stars on here!!
I will go through some rules after trading today.

Jam
  • #94
  • Apr 26, 2010 4:14am Apr 26, 2010 4:14am
Quoting JamTheTrader
No, Range bars are held by a tick range in the vertical access and help eliminate whip saws

Jam

Is there an Indi that can draw these price bars on MT4..

Hope you keep posting your insights into price action..

Rebel
  • #95
  • Apr 26, 2010 4:18am Apr 26, 2010 4:18am
Quoting rebelheart
Is there an Indi that can draw these price bars on MT4..

Hope you keep posting your insights into price action..

Rebel
Rebel,
You will have to check on the MT4 forums, I am not sure

Jam
  • #96
  • Apr 26, 2010 4:32am Apr 26, 2010 4:32am
just shorted GBPUSD
  • #97
  • Apr 26, 2010 4:33am Apr 26, 2010 4:33am
1.5444
  • #98
  • Apr 26, 2010 4:33am Apr 26, 2010 4:33am
stop at Break even now - spread
  • #99
  • Apr 26, 2010 4:36am Apr 26, 2010 4:36am
Out Break even
  • #100
  • Apr 26, 2010 4:45am Apr 26, 2010 4:45am
My profits are made today in 1 and 1/2 hours. I am done.
I will now teach in the room.

Stay tuned, I will add some teaching on here when I am done today.

Jam
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