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My J16 Style Trades

  • #101
  • Sep 21, 2010 8:07pm Sep 21, 2010 8:07pm
Quoting Mr Smith
Also took a long U/jpy 85.72 stop 83.50 risking 1%
Still holding this trade, no new trades at moment.
  • #102
  • Sep 23, 2010 7:34pm Sep 23, 2010 7:34pm
Short Eur, risking 1% stop 3425, Daily IB, Divergence.
Target 1.3000 but will adjust depending on situations that arise.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 17 KB
  • #103
  • Sep 24, 2010 12:17am Sep 24, 2010 12:17am
Superb thread Mr Smith.

Thank you for sharing your experience with us
I might be asking too much but can you kindly post charts when you take the trades so we can directly correlate to your analysis.

Thanks again,
Keep up the great stuff,
  • #104
  • Sep 24, 2010 7:27am Sep 24, 2010 7:27am
well i see your trading and i saw you got 2 win, 5 lost and around 4 break even , the only way your account gain is because in your 2 wining trade you are lucky to bet more money than your losing trade.

The old said: you could gain thousands of percent but you only lose 100 percent

although you are gaining but trade like you i doubt you could survive in a long run
  • #105
  • Sep 24, 2010 9:54am Sep 24, 2010 9:54am
Quoting Fx000
well i see your trading and i saw you got 2 win, 5 lost and around 4 break even , the only way your account gain is because in your 2 wining trade you are lucky to bet more money than your losing trade.

The old said: you could gain thousands of percent but you only lose 100 percent

although you are gaining but trade like you i doubt you could survive in a long run
How do you even know he is gaining, with the way he has decided to post the trades, you can't know what he is doing. Example, last trade he got stopped, but he didn't even post his entry point. I had hopes when he opened the thread that he would be beneficial to james, but to tell you the truth, this thread harms more than helps as it is too convoluted, and in the end, nobody will know if he made money or not. Very dissappointed.
  • #106
  • Sep 24, 2010 10:07am Sep 24, 2010 10:07am
Quoting Fx000
the only way your account gain is because in your 2 wining trade you are lucky to bet more money than your losing trade.
I doubt this was luck. Probably his loosing trades were based on a style that has a lower expected win rate % but Higher potential Risk/Reward ratio. So it makes sense to use a smaller position size with these type of trades.

Keep it up Mr Smith
  • #107
  • Edited 11:06am Sep 24, 2010 10:51am | Edited 11:06am
Quoting Mr Smith
Short Eur, risking 1% stop 3425, Daily IB, Divergence.
Target 1.3000 but will adjust depending on situations that arise.
Here's something I don't really understand, how can a trade be taken based only on some bar pattern ?, in this case some IB bar, divergence, etc, without taking notice with what's going on with the market sentiment/fundamentals, we just had the FOMC and the dollar bearish sign alias QE, then on top of that we got some good German Ifo numbers this morning.

And for the usd/jpy trade, at least is in the same direction as the BOJ but imo it got nothing to do with a pin bar, mickey mouse bar, jumping the fence bar, whatever bar. Now this trade will require some management as the market may try to test 80.00.

I believe any bar pattern will give you only a 50% chance of winning.
  • #108
  • Sep 24, 2010 11:09am Sep 24, 2010 11:09am
Quoting wwwin
How do you even know he is gaining, with the way he has decided to post the trades, you can't know what he is doing. Example, last trade he got stopped, but he didn't even post his entry point. I had hopes when he opened the thread that he would be beneficial to james, but to tell you the truth, this thread harms more than helps as it is too convoluted, and in the end, nobody will know if he made money or not. Very dissappointed.
No i see it's very clear man , he lost 100 pips on euro short and probably lost 200 pips on UJ long.

he posted real time trading . No bull shit or trick here but i just doubt about his first winning , that's all. He is the number one fan of James16 group, no doubt... James himself could not prove he is profitable , maybe Smith make the change?

we will need at least 200 trades before confirming anything.
  • #109
  • Sep 24, 2010 1:00pm Sep 24, 2010 1:00pm
Quoting Fx000
well i see your trading and i saw you got 2 win, 5 lost and around 4 break even , the only way your account gain is because in your 2 wining trade you are lucky to bet more money than your losing trade.

The old said: you could gain thousands of percent but you only lose 100 percent

although you are gaining but trade like you i doubt you could survive in a long run
I see your only purpose is to come here and doubt me, come back in a year and eat your socks dude. You want to judge my trading after a few trades, you have no idea what trading is, or how it works, it's easy to tell this from your posts.
  • #110
  • Sep 24, 2010 1:09pm Sep 24, 2010 1:09pm
Quoting wwwin
How do you even know he is gaining, with the way he has decided to post the trades, you can't know what he is doing. Example, last trade he got stopped, but he didn't even post his entry point. I had hopes when he opened the thread that he would be beneficial to james, but to tell you the truth, this thread harms more than helps as it is too convoluted, and in the end, nobody will know if he made money or not. Very dissappointed.
Sorry about that, I honestly missed typing the entry on that one trade, my entry was 3309, if there is any other trades you see I didn't put a entry? every single trade I'm typing them as I enter, there time stamped, I don't get what the problem is, I missed typing one entry, all thle rest have entries and are time stamped, noone will ever know if I made money, again, time stamped and entry and stops are there to see, I am truly sorry about last euro trade I was rushing while typing, entry was 3309 stopped out for 1% loss at 3425, simple IB trade at swing high with divergence,I posted chart with it.

How are my trades convoluted? I put entries and there when I enter, again, timestamps are there.

I'm not the smartest person, and I'm dissorganised, but in the long run I make money, and again, I really don't care if people here believe me or not, my entries are timestamped. If there is 1 or 2 trades that I missed putting the entry, just goto the chart and check the time I put the post, that is approx the price I got in.

Anyway, whatever, i'll continue posting, and if entries and timestamps are not enuf for you, then don't follow.
  • #111
  • Sep 24, 2010 1:12pm Sep 24, 2010 1:12pm
Quoting Jonnyislost
I doubt this was luck. Probably his loosing trades were based on a style that has a lower expected win rate % but Higher potential Risk/Reward ratio. So it makes sense to use a smaller position size with these type of trades.

Keep it up Mr Smith

Thanks very much for this post, gives me a more positive reason to keep this up.

I actually every so often get wins from 5 min pins that last weeks, and make 50:1, so yea your right.

Altho 5 min pins are very dangerous, once you nail a few, your so far ahead that you only need to win about 2 out of every 10 trades to stay well ahead of the game, but very new peopel to trading, pls don't try this until you demo it.
  • #112
  • Sep 24, 2010 1:20pm Sep 24, 2010 1:20pm
Quoting Lasker
Here's something I don't really understand, how can a trade be taken based only on some bar pattern ?, in this case some IB bar, divergence, etc, without taking notice with what's going on with the market sentiment/fundamentals, we just had the FOMC and the dollar bearish sign alias QE, then on top of that we got some good German Ifo numbers this morning.

And for the usd/jpy trade, at least is in the same direction as the BOJ but imo it got nothing to do with a pin bar, mickey mouse bar, jumping the fence bar, whatever bar. Now this trade will...
To be honest, I know there is fundy traders out there, but I've taken bars just like this, where everyone is saying this and that about the dollar or etc, and I get a win from my little PA bar that totally goes against the fundy view, you can believe what you want about PA and 50%, but the simple fact is, if you take pa at key areas and know how to manage a trade, you win money, anda that's the only reason I do trading is to make money, I honestly donot read the fundies and don't care about them, they only mess my trading up, I know many others do use them and they do well trading based on fundies, but it's not the only way to make money in this market.

You can make fun all you want about pinbars, blablabla, I don't give a rats ass if u/j goes up and it's not from a pinbar, I don't care, I trade pinbars, and they make me money, if there is some other reason the market goes up but I get in cause of a pinbar, who freaken cares, I make money. The buob on u/j triggered me a entry, if I take a loss, who cares, I don't care if I take 10 losses in a row, at the end of the year when my account is up 50% that's all I care about, until that stops happening, i'll be taking all the idiotic PA bars at my areas. Anyway, if anyone coming on here doesn't like pa, why you come into a pa thread and try make fun of how I trade. Doesn't make sense.
  • #113
  • Sep 24, 2010 1:21pm Sep 24, 2010 1:21pm
Quoting Mr Smith
Short Eur, risking 1% stop 3425, Daily IB, Divergence.
Target 1.3000 but will adjust depending on situations that arise.
something is amiss here, going short when j16 himself goes long

http://www.forexfactory.com/showthre...27#post4047527

again, it's differences is perception which everyone is arguing about, and this trade goes to prove it - selling a subjective methodology is so advantageous, regardless if the intentions were good or bad

read, from the thread itself where the idea for this was born:

http://www.forexfactory.com/showpost...&postcount=113
  • #114
  • Sep 24, 2010 1:30pm Sep 24, 2010 1:30pm
Quoting Fx000
No i see it's very clear man , he lost 100 pips on euro short and probably lost 200 pips on UJ long.

he posted real time trading . No bull shit or trick here but i just doubt about his first winning , that's all. He is the number one fan of James16 group, no doubt... James himself could not prove he is profitable , maybe Smith make the change?

we will need at least 200 trades before confirming anything.
I posted my broker statement with that first entry, but you know what, don't count it, I'll still be way up afater a year, so just for you, don't count the first win, or any win you think I cheat on. And i'll still clean the market with my trading. You think I rely on one trade, then yea so be it, get rid of that trade in your head.

And james, even if I prove I win, how does that prove that james wins? I don't even trade just like james, he's way more picky then me, go read his posts, James teaches overall s/r with entries, but encourages people to adapt his market knowledeg and s/r teachings to how we want to trade, what works for us, so my main goal was to prove, hey, I learnt from james, and I make money, doesn't prove he makes money, or even has ever traded.

Of course I believe he's successful trader, but it doesn't prove either way, that he trades or doesn't.

You can come back in a year, don't waste your time in the meantime, cause all you do here is 2nd guess me every few days.

I PLACE MY ENTRIES IN REALTIME, I PLACE MY STOPS, I SOMETIMES POST A CHART IF I HAVE TIME, I MISSED PLACING THE PRICE FOR ONE ENTRY, BUT I POSTED A CHART WHEN I ENTERED, I'M VERY SORRY, IT SHOULDN"T HAPPEN AGAIN, AND DON"T WORRY, I"ll BE POSTING MY LIVE ACCOUNT IN A BUNCH ALONG WITH MYFXBOOK, BUT TO ME WHAT"S BETTER THEN ANY OF THAT IS WHAT I'm DOING NOW, POSTING IN REALTIME AS I ENTER, THE OTHER THINGS CAN BE PHOTOSHOPPED.
  • #115
  • Sep 24, 2010 1:46pm Sep 24, 2010 1:46pm
Quoting Sim
something is amiss here, going short when j16 himself goes long

http://www.forexfactory.com/showthre...27#post4047527

again, it's differences is perception which everyone is arguing about, and this trade goes to prove it - selling a subjective methodology is so advantageous, regardless if the intentions were good or bad

read, from the thread itself where the idea for this was born:

http://www.forexfactory.com/showpost...&postcount=113
So what, bottom line is, I learnt from j16 thread how to make money, and I do make money now cause of his thread. It's not a hidden fact that his teachings are not a hard set of rules.
  • #116
  • Sep 24, 2010 1:52pm Sep 24, 2010 1:52pm
Oh btw, James has just stated he is going to teach in the scam thread with live trades etc, so you know longer need my thread.

I'll continue posting as I find it helps my trading being under the spot light.
  • #117
  • Sep 24, 2010 2:04pm Sep 24, 2010 2:04pm
Quoting Mr Smith
So what, bottom line is, I learnt from j16 thread how to make money,
Just words so far..

Quote
and I do make money now cause of his thread.

^

Quote
It's not a hidden fact that his teachings are not a hard set of rules.

Yeah but taking opposite trade at a very critical point is more significant than 'not a hard set of rules'... it's like me making 1000s of pages of info, a networked site with videos, mentoring, calls, bla bla, then a student getting real cocky, and coming out the tunnel with an outlook on price 100% opposite to me. But, because the system is discretionary, the student would still be happy and brainwashed enough to shrug this off in a flash

Sounds familiar eh
  • #118
  • Sep 24, 2010 2:05pm Sep 24, 2010 2:05pm
Quoting wwwin
How do you even know he is gaining, with the way he has decided to post the trades, you can't know what he is doing. Example, last trade he got stopped, but he didn't even post his entry point. I had hopes when he opened the thread that he would be beneficial to james, but to tell you the truth, this thread harms more than helps as it is too convoluted, and in the end, nobody will know if he made money or not. Very dissappointed.
+1

You gonna display skill at least just take the trades you view of similar quality, i.e. fixed risk% or lot size at least per trade

Why confuse matters, I wonder
  • #119
  • Sep 24, 2010 2:46pm Sep 24, 2010 2:46pm
Quoting Sim
+1

You gonna display skill at least just take the trades you view of similar quality, i.e. fixed risk% or lot size at least per trade

Why confuse matters, I wonder
Just come back in a year and see my account growth.

Your arguements are worthless, all that matters is that I make money, you want proof, come back in 1 year.

Now pls leave me alone to trade.

And to the above post about similar quality, dont' come here and tell me how to trade, I'll take watever fucking setup I want, I state my risk and entries and stops, now if you don't liek it, fuck off, excuse my language but this is just getting ridiculous, you people want to dictate how I trade, I'll trade however the fuck I want.

That's right, however the FUCK I want.

Again, i state my %risk, my entry and my stop, I missed one entry price, but the chart is ther, and I entered at the same time, now if this is not good enuf for you, stay the fuck out of my thread.
  • #120
  • Sep 24, 2010 3:18pm Sep 24, 2010 3:18pm
I'm not as tolerant as James, so don't come here expecting me to listen to all this rubish and not get pissed off.

I state my entries very clear, If you don't like what I've done so far, then start from now on, 0%, or in one here, come back and deduct 7% off whatever I make, either way, I'll get my goal of around 50% a year.

I take wildly different trades often, different techniques, they all work long run.

If you want to come here to learn how I trade, ask in a nice manner, if your just here to prove I'm just a j16 fanboy trying to save him, then FUCK OFF.
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