DislikedI am a member (lifetime member now) and I can honestly say that it's worth every penny and then some.
...Ignored
hope u keep posting!
james16 Chart Thread
- #71,101
- Aug 10, 2010 8:33am Aug 10, 2010 8:33am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
- #71,102
- Aug 10, 2010 8:34am Aug 10, 2010 8:34am
- | Joined Jul 2010 | Status: MAKE IT HAPPEN | 2,220 Posts
IMHO, two persons or 2 traders will never be equal. one is always better than the other. everyone is unique.
also, instruction frm a senior, experienced &/or successful trader DOES NOT guarantee that the 'student' will succeed.
the strategy/method use always depend on a trader's personality.. therefore a method used successfully by a 'mentor' will not necessarily bring a similar &/or good result to the 'student'
yes, trial & error, i agree...
but joining the PF may or may not fulfill your hopes &/or expectations.
based on your posts & your profile,...
Thank you Supreme,
based on your posts & your profile, u seem to be expecting an external source (the PF in this case) will bring u success (faster) &/or will be a medium that will bring u near success (faster).
my point is whether u join the PF or just read this free thread, success will come when u are ready & when u realize that success comes from within YOU -- success is not produced by this thread nor the PF.
This is nice, but that is what I am most afraid of, that is in fact what has been happening for the last 3 years, I just chat with good people, lol.
I want this to be a business. In any business you would hire people who know some details better than you, for example yes you can run your taxes, account everything yourself, through trial and error you will get it for sure after some years. But you can ask the professional who is more experienced.
I believe same applyes to trading. If I wasn't lucky and not found this thread, welll maybe through trial and error I would find that PB's, BUOB's work. Maybe. Like in 5 years... So external sources do work. And expecially in something like trading.
Of course I might see some PB different than you would, but still knowing same concept in general would bring me closer to your success than if I had no idea at all about PB's....
So I would to join exactly because there are people who got it, and who have something to share.
Of course at the same time I am the only one responsible for my success. So even if I read all the info in PF I still may be not successful... possible.... but if I put enough effort and time and this will still not happen this time with J16 - I would agree that this thing is not doable at all. Period. No one ever shows their trading results anyway.... so not doable for all lol
As we talked before my timeline is 2 years from now. So I would spend 1 year in PF (to learn) + 1 more year for practice. This is everyday full time. If I still don't get it. Then I will have a verdict. Not possible. Period...
No offence, please, is just I say whatever I think about not filtering to much. Maybe some consistent trader is smiling at this post (maybe I would be too after some time)
- #71,103
- Aug 10, 2010 8:34am Aug 10, 2010 8:34am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
IMHO, two persons or 2 traders will never be equal. one is always better than the other. everyone is unique.
also, instruction frm a senior, experienced &/or successful trader DOES NOT guarantee that the 'student' will succeed.
the strategy/method use always depend on a trader's personality.. therefore a method used successfully by a 'mentor' will not necessarily bring a similar &/or good result to the 'student'
yes, trial & error, i agree...
but joining the PF may or may not fulfill your hopes &/or expectations.
based on your posts & your profile,...
The PF is a wonderful source to tweak your knowledge buds. We have some solid traders, with solid systems, thread, webinars, chat sessions and what not, but the thing is none of that is of any value if you're down to this attitude Ad.
The PF will help you but nobody can take your hand and escort you to the point in your lifey where you achieve all your dreams. Think about it for a moment, even if it was possible was it any better than striving for it yourself and really deserving to be there, when you eventually get there?
Trading is difficult - not because it is hard to identify a pin bar at a great location but because very few attain the psyche and the mental stability that is required in the business. Very few get there because it takes time,
You are doing a fabulous job Adilius, don't let the time factor stop you, don't let the hard work pull you off, don't let that feeling of insufficiency get the better of you.
The PF taught me less than half of whatever I know today, the rest all came from the posts here at this very thread. Not that I am some kind of a super trader but I am extremely satisfied with what I know, even when it's probably much less than many many out there - That's all that matter though Ad, your belief in what you know and what you plan to learn is what should carry you forever brother.
Obviously if you feel you want to join the PF, it's the best favor you could do to yourself at the moment, but then step into it (or continue here) with renewed spirit of belief and passion.
you will do it. I know it.
g.
I believe . . .
Hey Jonny,
This one has got me wondering whether I should break my BRN rule.
Robert
I have the same rule but it's only a loose one, I feel it's worth breaking if the "non BRN" level looks strong/significant and this one looked okay to me, although I think the setup would be much stronger if it was at 0.7 or 0.75
J
- #71,106
- Aug 10, 2010 8:44am Aug 10, 2010 8:44am
Hi Robert,
I have the same rule but it's only a loose one, I feel it's worth breaking if the "non BRN" level looks strong/significant and this one looked okay to me, although I think the setup would be much stronger if it was at 0.7 or 0.75
J
.It does look really good though, a nice cherry hanging down and waiting to be picked at least all the way to 7250.
Robert
- #71,108
- Aug 10, 2010 8:52am Aug 10, 2010 8:52am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
....you can ask the professional who is more experienced.
..So external sources do work....
So I would to join exactly because there are people who got it, and who have something to share.
....
As we talked before my timeline is 2 years from now. So I would spend 1 year in PF (to learn) + 1 more year for practice. This is everyday full time. If I still don't get it. Then I will have a verdict. Not possible. Period...
...
u again raised points i tried to address in my earlier post.
let me ask u:
are there no professionals &/or experienced traders posting in this thread?
aren't there traders sharing/willing to share here in this thread?
arent there traders here who got it?
remember, traders like ghous, jarroo, mbqb11 among many others post here AND are PF members. if learning is what u are up to, then i dont see any reason why u cant learn from & succeed based solely from this free thread.
do u see what im saying?
also, when u fail to succeed in 1 or 2 years or 3, it does not necessarily equate to "i'm a failure" or "trading is not for me".
im a firm believer that we can learn & succeed at most things, given that we give enough time. enough time may mean 2 years, 5 years or 10 years.
if u dont succeed after 1 year PF + 1 year practice, full-time OR NOT, it doesnt mean u are a failure. it only means, u are not ready yet to succeed &/or u did not give/devote ample time.
remember, each of us is unique & so learning curve is unique too.
my post has NOTHING to do about this thread or the PF. it has EVERYTHING to do with YOU.
just trying to give u a much wider & realistic perspective, bro
i hope i opened your eyes a bit..
do i need to send u my peregrine falcon & tell u that "we WILL succeed in this"?
- #71,109
- Aug 10, 2010 8:54am Aug 10, 2010 8:54am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
'Sup Sup.
Are you in the PF? Your avatar looks familiar.
Robert
(it's a music instrument-related brand -- Zildjian)...
if so, im flattered
no Sir, not a PF member yet
Glad to have u here...
I've been really good, staying on the side after I crapped out on my first journal attempt. I decided to reset so I don't want to kick off with a loser where I break my number one rule and then have to go and get a spanking in the intraday thread
It does look really good though, a nice cherry hanging down and waiting to be picked at least all the way to 7250.
Robert
It's difficult though when the markets been the way it has for the last few weeks.. not presenting many setups, especially for those with strict entry requirements
J
- #71,111
- Aug 10, 2010 9:02am Aug 10, 2010 9:02am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Thanks Mike - I guess you recognize the color scheme, eh?
I dropped down to 4H on this pair and the 1.6200 resistance sticks out like a soar
No stops are going to occur at places where you would guess that stop losses exist. Think former swing high taken out, and everyone has their stops above that swing point. Or prior day lows/highs etc. Think about where you would place them, that about where logical places for stops are that you would place them, same goes for everyone else since you can only hide your stops so many places from a technical standpoint.
Best
Mike
- #71,112
- Aug 10, 2010 9:05am Aug 10, 2010 9:05am
im glad u are serious with this business.
u again raised points i tried to address in my earlier post.
let me ask u:
are there no professionals &/or experienced traders posting in this thread?
aren't there traders sharing/willing to share here in this thread?
arent there traders here who got it?
remember, traders like ghous, jarroo, mbqb11 among many others post here AND are PF members. if learning is what u are up to, then i dont see any reason why u cant learn from & succeed based solely from this free thread.
do u see what im saying?
also,...
- #71,113
- Aug 10, 2010 9:06am Aug 10, 2010 9:06am
Yeah I think staying disciplined is more important than not missing an opportunity.
It's difficult though when the markets been the way it has for the last few weeks.. not presenting many setups, especially for those with strict entry requirements
J
.Robert
- #71,114
- Aug 10, 2010 9:07am Aug 10, 2010 9:07am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Yeah I think staying disciplined is more important than not missing an opportunity.
It's difficult though when the markets been the way it has for the last few weeks.. not presenting many setups, especially for those with strict entry requirements
J
- #71,116
- Aug 10, 2010 9:20am Aug 10, 2010 9:20am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
it allows for one to catch up on sleep!
i needed J16 backup.
ahhh... asleep
- #71,117
- Aug 10, 2010 9:26am Aug 10, 2010 9:26am
- | Joined Jul 2010 | Status: MAKE IT HAPPEN | 2,220 Posts
- #71,118
- Aug 10, 2010 9:30am Aug 10, 2010 9:30am
- | Joined Jul 2010 | Status: MAKE IT HAPPEN | 2,220 Posts
im glad u are serious with this business.
u again raised points i tried to address in my earlier post.
let me ask u:
are there no professionals &/or experienced traders posting in this thread?
aren't there traders sharing/willing to share here in this thread?
arent there traders here who got it?
remember, traders like ghous, jarroo, mbqb11 among many others post here AND are PF members. if learning is what u are up to, then i dont see any reason why u cant learn from & succeed based solely from this free thread.
do u see what im saying?
also,...
That was also a thought of my first post is like I felt maybe I know enough already from this free thread lol. Ok I feel I raised a lot of phylosophy here which is a little off topic maybe. I will join when I'm ready and from that time I would go for 2 years of hard work - if it happens it happens! - #71,119
- Aug 10, 2010 9:45am Aug 10, 2010 9:45am
Two questions if you have time...
Q1. Do you who have done this for years feel the last two months have been low, average, or high in terms of the number of quality daily PA setups forming? I know it fluctuates over the months and years. I'm just curious because I have no experience with which to judge. I know it's subjective and not precisely quantifiable, what does your gut say? I'm curious if there is some general consensus that it is one way or the other.
Q2. Also, if you are trading 4 hour charts, are there bar close times when good setups form more consistently? I don't mean whether NY close or NY close + 1 is better. I understand that does not matter.
What I mean is this. I use NY close for daily charts and my newbie impression is that that 4H bars at 20:00 and 00:00 produce FAR fewer setups than the bars at 08:00 and 12:00 (which is middle of the night for me). Am I off base on this impression? Do I need to become nocturnal once I graduate to 4H charts?
Thanks again for your tireless support.
Q1. Do you who have done this for years feel the last two months have been low, average, or high in terms of the number of quality daily PA setups forming? I know it fluctuates over the months and years. I'm just curious because I have no experience with which to judge. I know it's subjective and not precisely quantifiable, what does your gut say? I'm curious if there is some general consensus that it is one way or the other.
Q2. Also, if you are trading 4 hour charts, are there bar close times when good setups form more consistently? I don't mean whether NY close or NY close + 1 is better. I understand that does not matter.
What I mean is this. I use NY close for daily charts and my newbie impression is that that 4H bars at 20:00 and 00:00 produce FAR fewer setups than the bars at 08:00 and 12:00 (which is middle of the night for me). Am I off base on this impression? Do I need to become nocturnal once I graduate to 4H charts?
Thanks again for your tireless support.
- #71,120
- Aug 10, 2010 9:48am Aug 10, 2010 9:48am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .