james16 Chart Thread | Page 4199 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #83,961
  • Dec 29, 2010 6:42am Dec 29, 2010 6:42am
Quoting ghous
lolol
Voted for ya, Ghous - great video; very funny! I love that you can convey a universal message in a language I don't speak - just shows that language is not all it's cracked up to be.

My wife and I just spend a few hours putting together a jigsaw puzzle of a medieval European painting of the Tower of Babel; guess I've got language on the mind...

No trading for me this week. I'm basking in the glow of my first ever month in positive territory; don't want to f**k it up!

--Dave
  • #83,962
  • Dec 29, 2010 6:45am Dec 29, 2010 6:45am
Quoting Adilius07
I don't know... as long as account is growing who cares if it is A+++ or C--- all that matters is PROFIT. imho.... Plus, no one really knows what is A+, it is different for everyone....

R% is little too high I think. Setups are fine if you know you can manage them..
Just my 2 cents.
Hi Adi,

My two cents worth, even though I don't claim to have " been there and done that".
As soon as a Trader starts focussing on Money, I think he has "lost it' in the long term.
I believe in either the setup is tradeable or not. If in doubt sit out and save your money, why risk it over some doubtful setups.

Finally one has to get used to trading style what suits them the best in order to Trade without stress and with consistent profits.
Cheers
Novice198
  • #83,963
  • Dec 29, 2010 6:51am Dec 29, 2010 6:51am
Quoting Oldice
Freekin' beautiful! What a groove. Wish I understood the language - but it really doesn't matter - music is universal. Thanks for sharing this!

--Dave
Hi Dave,

Yes, I agree with you that one can enjoy Good Music even if we don't understand the lyrics.
BTW this song is best enjoyed when viewed on a big screen and music on full blast. The more number of times you listen the more you like it.
Cheers
Novice
  • #83,964
  • Dec 29, 2010 6:55am Dec 29, 2010 6:55am
Quoting ghous
You will need to have a facebook account to vote/like the video. No worries if you don't have one.

Thnx for the concern anyways.

And glad you like music from our part of the world. Bollywood (Indian music) just rocks me to the core.

g
Hi G,
I don't want to open a Facebook account, but be assured the balance 3 members of my family will vote for you.

BTW I prefer sufi / ghazal / Punjabi music over the ususl Bollywood stuff.

Cheers
Novice
  • #83,965
  • Dec 29, 2010 7:01am Dec 29, 2010 7:01am
Quoting novice198
Hi Adi,

My two cents worth, even though I don't claim to have " been there and done that".
As soon as a Trader starts focussing on Money, I think he has "lost it' in the long term.
I believe in either the setup is tradeable or not. If in doubt sit out and save your money, why risk it over some doubtful setups.

Finally one has to get used to trading style what suits them the best in order to Trade without stress and with consistent profits.
Cheers
Novice198
Well, we can argue a lot about this. I just don't want to start it
But can you please explain why do you think tradable setup is the same as the one that makes you money? And what is doubtful setup?

I am also not that stupid (I think), and focus only on "no doubt", "tradable" setups, and still loose it.

It is very easy to say trade certain setups, wait for A+ only.

But can you show what is it? BEFORE THE TRADE?
This is such poetry and lyrics and so super subjective.... and very easy and precise in retrospective. I can pin point all A+ trades on any chart, any number of years back

And the most important thing is in my opinion to focus on money. (that is by the way strict MM, tight trade management - all this derive from that goal).

BECAUSE - If one has forgotten that he came here to make money he will stay with demo account forever, why move to live if it is same fun to trade demo and post a fantastic trade afterwards on forum? Write wise thoughts, gain friends, open some wordpress blog to post ideas, have thousand looser trader friends on facebook... Whole life of its own...

And unfortunately the one I still have.

HOWEVER, discovering this thread some 5 months ago I can feel that my focus has finally shifted to "making money" aspect... when all that previous time it was some supersticious "Learning to trade"....

BUT, the results don't show nothing positive yet.. so I better be quiet and read read
  • #83,966
  • Dec 29, 2010 7:09am Dec 29, 2010 7:09am
Quoting torontobboy2
Just trying to get an idea how many people on forexfactory (or james16 in particular) are full-time traders. In other words, your only source of income is trading.

1. How long have you been trading in total?
2. How long it took you to finally start making enough income to support your life style,
3.What lot size do you trade normally regardless of capital availble.

hope no one gets offended..
1. Since 1983
2. Never enough for my lifestyle
3. From hundreds of shares to microlots, it runs the gamut

Not a full timer although it feels like full time
  • #83,967
  • Dec 29, 2010 7:16am Dec 29, 2010 7:16am
Quoting Atc
1. Since 1983
maan, I was 3 years old
  • #83,968
  • Edited 7:29am Dec 29, 2010 7:17am | Edited 7:29am
Screen video question.

I am using Camstudio and have it cranked down to the lowest frame rate that does not cause screen blur when moving.

However even so, a 5 or 10 min video ends up being like 150 MBs.

How do they make a 15 min video on the PF and get the size down to around 8 Mb?

Any ideas folks?
  • #83,969
  • Dec 29, 2010 7:18am Dec 29, 2010 7:18am
What your comments on that daily pin bar (or PA) on CAD-CHF?
  • #83,970
  • Dec 29, 2010 7:27am Dec 29, 2010 7:27am
Quoting Adilius07
maan, I was 3 years old

You lucky bugger.
  • #83,971
  • Dec 29, 2010 7:29am Dec 29, 2010 7:29am
Quoting torontobboy2
What your comments on that daily pin bar (or PA) on CAD-CHF?

I think your comments are more important than ours.

Posting your opinion will give the seniors a handle on where you are at.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 274 KB
  • #83,972
  • Dec 29, 2010 7:31am Dec 29, 2010 7:31am
Quoting Pinbar
You lucky bugger.
Pinbar, almost said "thank you".. then I thought I should better look this new word in google... that's what Wikipedia told me:

Bugger is a slang word used in the vernacular British English, Irish English, Australian English, Canadian English, New Zealand English, South African English, Indian English, and occasionally also in Malaysian English, Scots and (rarely) American English. It is derived from Anglo-Norman bougre, which has also given the term buggery, a term originally used to describe either anal intercourse by a man with a man or woman,[1] or sexual intercourse by either a man or a woman with an animal.[2]

I don't even know what to say now...
  • #83,973
  • Dec 29, 2010 7:36am Dec 29, 2010 7:36am
Quoting Adilius07
Pinbar, almost said "thank you".. then I thought I should better look this new word in google... that's what Wikipedia told me:

Bugger is a slang word used in the vernacular British English, Irish English, Australian English, Canadian English,...

Trade Smart
  • #83,974
  • Dec 29, 2010 7:39am Dec 29, 2010 7:39am
Quoting Adilius07
Well, we can argue a lot about this. I just don't want to start it
But can you please explain why do you think tradable setup is the same as the one that makes you money? And what is doubtful setup?...
Hi Adilius,

I disagree that you can only spot A trades (whatever that means) in hindsight. Setups that fit all your criteria should be able to be spotted just after a bar has finished otherwise you need to look at your method.

One of the most difficult things in trading is sticking to the rifle shot trades, ignoring setups that fit some if your criteria but not all. It can be difficult to watch one of them take off after you filtered it. One of my difficulties in the past was overtrading, trying to trade so so setups, as I thought about the money or percentage profit I was missing.

The story of the cheetah and the injured baby antelope really illustrates what I believe the mentality to make it long term, along with the methods Jim have given us and others have illuminated in this thread I'm sure it's possible to achieve anything given enough time and a decent starting account.

Regards

Mark
Economists have forecast 9 out of the last 5 recessions
  • #83,975
  • Dec 29, 2010 7:40am Dec 29, 2010 7:40am
Quoting Adilius07
Pinbar, almost said "thank you".. then I thought I should better look this new word in google... that's what Wikipedia told me:

Bugger is a slang word used in the vernacular British English, Irish English, Australian English, Canadian English,...


Don't believe everything you read in those things.

It is indeed derived from that word but is used when we are extremely envious of someone...Being from England, we use it a lot like this.
It is a friendly comment.

Come to think of it, we also say, Lucky sod. Which also comes from sodomy. the Brits are crazy with lots of sexual connotations in swear words.

Japanese is so boring, there are no sexual related swear words at all. Then again they weren't controlled and brainwashed by Christian aliens, like us in the west.
  • #83,976
  • Dec 29, 2010 7:44am Dec 29, 2010 7:44am
Yeah ive heard it.. its like... u lucky guy


Quoting Pinbar
Don't believe everything you read in those things.

It is indeed derived from that word but is used when we are extremely envious of someone...Being from England, we use it a lot like this.
It is a friendly comment.

Come to think of it, we also say, Lucky sod. Which also comes from sodomy. the Brits are crazy with lots of sexual connotations in swear words.

Japanese is so boring, there are no sexual related swear words at all. Then again they weren't controlled and brainwashed by Christian aliens, like us in the west.
Trade Smart
  • #83,977
  • Dec 29, 2010 7:45am Dec 29, 2010 7:45am
Quoting Osman
Yeah ive heard it.. its like... u lucky guy

I think you explained it better than me.

Too many glasses of Port.
  • #83,978
  • Dec 29, 2010 7:48am Dec 29, 2010 7:48am
Quoting markmm
Hi Adilius,

I disagree that you can only spot A trades (whatever that means) in hindsight. Setups that fit all your criteria should be able to be spotted just after a bar has finished otherwise you need to look at your method.

One of the most difficult things in trading is sticking to the rifle shot trades, ignoring setups that fit some if your criteria but not all....
Thank you Mark. Maybe I need more time and practice. I also had overtrading problems before. Now I don't 9 trades in 5 months is not much really. I was making that per day (and sometimes could be profitable for a few months).

A+ trade is something I need to develop myself. I understand this.
The most difficult thing for me is seeing James examples (for whom I have a great respect - that is true) taking trades that otherwise many many people here would consider Weak trades. That's one huge confusion! I even talked to him about this, he said that this comes with time and the thought like "weak setup" has not even crossed his mind...

I don't know if it's clear this my explanation. But see we don't have just one SAMPLE setup. Pinbars, BUOBs come in different shapes, sizes, locations, confluences, space/no space....

Mike has been great help to me, I feel I understand more now. But this no account progress is sometimes killing me....

Also, please don't get offended by my way of talking. I sometimes ask those questions so i can gain an extra motivation for myself. There is no other place on the internet, or in real life where I could learn so much and of such quality.

Maybe I just need some more time
  • #83,979
  • Dec 29, 2010 7:50am Dec 29, 2010 7:50am
Quoting Pinbar
Don't believe everything you read in those things.

It is indeed derived from that word but is used when we are extremely envious of someone...Being from England, we use it a lot like this.
It is a friendly comment.

Come to think of it, we also say, Lucky sod. Which also comes from sodomy. the Brits are crazy with lots of sexual connotations in swear words.

Japanese is so boring, there are no sexual related swear words at all. Then again they weren't controlled and brainwashed by Christian aliens, like us in the west.
Cool, thanks
Oh we have a lot of such words in Russian, so I understand a few Russian examples which I can relate to it
  • #83,980
  • Dec 29, 2010 7:55am Dec 29, 2010 7:55am
Quoting Adilius07
Thank you Mark. Maybe I need more time and practice. I also had overtrading problems before. Now I don't 9 trades in 5 months is not much really. I was making that per day (and sometimes could be profitable for a few months).

A+ trade is something I need to develop myself. I understand this.
The most difficult thing for me is seeing James examples (for whom I have a great respect - that is true) taking trades that otherwise many many people here would consider Weak trades. That's one huge confusion! I even talked to him about this, he said that...
Adi, I think J16 can take those trades that are maybe B trades because he knows exactly where they will have trouble. It's really coming home to me that the FTA is as close to the holy grail as it gets.
That is why we have been doing WIPG with so so bars.
124 traders viewing now