james16 Chart Thread

You weren't "stoned" by any chance, Jim . .when you saw this concert? lol

i was stoned before i got there.

I know the feeling . . . I look back at those concert going days and wished I didn't get so blasted . . because it would be the next day and I would have forgotten most of the night and concert. . lol

i know but those were some great great times to be a kid.

No doubt. . .

If some day I am able look at charts the way you do I'll be one happy guy indeed.

You're well on your way, my friend . .more than you know.

Keep at it . .

Hey everyone whats up =-]
I have been trading live for some time now and have been doing good. Why have i been doing good? Well i can definitely say that it is because of james16 and the senior and ever the new guys(cause they always ask questions that are in a way in the back of your head but you just don't fell like asking). Before i went live i was lucky enough to demo for a a year and a half then start live. On demo i was doing great you know........ i was constantly changing my system around via the trading systems category always updating on what indicators to use how to edit them around.. all that complete bs. But it was still working "in a way".
I mean don't get me wrong people do make a living trading using massive amounts of indicators as their backbone system and well good for them its just not for me!(even tho i thought it was for what seemed like a long while)
I do tho like the fact that it really put me inside forex and how it is dealt with if you know what i mean, i learned a lot going thru thous threads and still use a lot of information that was taught to me. But the indicators.... GOOD BYE... thats what i said about 6-8 months ago when i came around this thread. I have been a silent watcher just stalking everyone's post here and trying to figure out what is going on in the seniors minds when they are looking at the charts. But there is one important thing that needs to be remembered, it is that no person is the same. I might see something that others will not, and others will see something that i might not and thats the way it is. So i really don't base my opinion on what is actually said here in a way dunno if you get me. Like i really wont get into a trade just because James said he was going while when i look at that chart i don't really "feel" it or see it.(Nothing personal James =-]). This thread has completely changed the way i trade. the charts are clear, i can actually see the bars in a good lenght/hight. I now don't look at the anything lower then h1 for my trades and only ONLY go in with PA. This thread has really and i mean really and i cant say it enough times helped me so much. Its like it basically opened my mind up to how this should be done and how it can be profitable as long as you stay calm and follow the rules that you have made for yourself. Dunno what else to say i'm currently smoking and watching these charts and in the james16 guest chat!(Im on as Alex New York)(I've came on a few times before =-])
So i end this part of this post with a great

THANK YOU TO EVERYONE HERE ESPECHIALLY THE SENIORS AND THE MAN HIMSELF JAMES16!!!!!!

Ok 2nd part of the post =-]
Ok the BIGGEST problem that i have is organization. Now i know that most people will answer this question with a "ohh just cut down on the amount of charts you watch" or something in that range. But i really don't want to hear it. (no offense)
Basically i find it harder keeping track of what i see. Like i would see a upcoming setup and put some ppz and trend lines and what ever else i need then about 15min later i forget... ( i have very very very bad memory ) i usually go thru all the charts every 4-6 hours unless i'm sleeping or at uni. But still even sometimes i miss it.
A lot of times i see 1 trading coming and forget about the rest and focus on just this one to later see that what i figured was going to happen before in other pairs happened and i was even around to be able to take the trades. =-[
Also how do you guys handle all the different timeframes? Like i mean every single time you check the charts u go down from weekly then daily then h4 then h1(if you use h1)? Do you take pictures and then upload them? if so what do you use to manage all the pictures for ease of use and timing.
Do you guys use excel spreadsheets setup so that you can update whats going on and what you see so that when you come back again you just go thru the spreadsheet and see what you were thinking/looking at before?
I don't know if you guys understand what i'm talking about but i will try to explain when i think of other ways to say it.


-Yes i know this is probably the ugliest post on this thread.

I was looking at a sell with the Big BEOB. A better entry would have been the break of the BEOB, TL, and support. Tried to get in early off the retrace back up to the 1.3000 level, It looked like good resistance.

Looking back at it I should have stayed on the sidelines to begin with until it broke the BEOB or seen some bullish PA at the 1.3000.

The many point I was trying to make in that post was since I know there was no way I could monitor this one I was better off closing the trade before it triggered. It lacked momentum to the short side so I canceled it.

here ya go fap this is a large majority of them

http://www.forexfactory.com/showpost...ostcount=56751
best
mike

Awesome DV that is great to hear about your success !


I can only speak for me but I personally check my charts pretty methodically at the end of the hour when I am around, or every 4hrs, end of the day, end of the week. Since I keep things simple if I am checking a 1hr chart everything I do is pretty much in the context of that hour chart. I tend to move charts on my screens(I use 3) to the side closest to me that are most on my radar. For breakouts I have my patterns drawn so they are easily seen. I keep all the pairs in boxes on each monitor so I can see them all at glance(the ones I trade intraday). I think it just becomes routine what is comfortable and you don't even think about it at a certain point

Continued success and thanks for sharing
Mike

I don't know if this helps but heres what I do. I go through my charts and if I see something that has potential for a trade I just take a scrap piece of paper and mark the date, the pair, timeframe( i only trade Daily and week so far), and what type of PA. When Im done looking at all my pairs I go to my list and take a better look at those to determine if any meet my criteria.

I like to save the paper for a day or two just to see if the ones I crossed off my list did in fact work out.

But thats me.

That is truely amazing results Jdl!!!
I dream that one day I will become a trader like YOU!

So do you use 1 screen for daily, 1 for 4H, and 1 for 1hr. Or are all screens dedicated to what ever timeframe your looking at then? Maybe I should start trading off my TV (just to add a bigger 2nd screen)?????

Yes, I would also accompany this question. If you could Jdl...

How do you manage a trade, do you take 1/2 at FTA, or all?
Where do you set your initial SL? Do you trail SL?
If you see a great PA on daily do you go to Weekly to confirm?
Do you dial down to H4/H1 when in a trade?
If you see a great PA setup, but not much other confluences would you still take it?
You trade both ways with and against trend?
You enter on a break of a bar or let it retrace?

Oh that's too much I guess, If you could share anything that would be super. It is rare to see the actual results, so it is really a motivating thing. If one can do it, maybe I can do it

http://www.forexfactory.com/%3Cobjec...E%3C/object%3E
You mean people actually go to concerts not in the above mentioned condition?

I must have been doing it wrong.

stone huh?
here's 'Like a stone', what i call 'sleep, lazy' rock song by Audioslave
younger generation, faster tempo.

u traded like a detective

people nowadays 'slam', they dont 'do stones'.

I use 3 monitors for my charts. They are kept all on the 4hr mainly. I will use my other computer that has two monitors and put up hourlies I am wathcing or lower timeframes. At the end of the day I open one single chart to look at dailies and go through my market watch dragging each pair on till i am done.

Best
Mike

5 monitors, currently?
u content with that or u have plans of adding some more?