Nothing personal,just business
james16 Chart Thread
- #92,942
- Apr 5, 2011 1:44am Apr 5, 2011 1:44am
- | Commercial User | Joined Nov 2010 | 1,178 Posts
Its getting there, fxg. .patence my friend ..its been a pretty strong move down . .we may get some bigger PA at the 1.5435ish level or Price may start to consolidate at this level to compensate this strong move down.
Don't get me wrong fxg . .that is a good story you got there . .
.. notice the weak break of the 4 Hour BUOB . .tells me we have some more downward movement (potentially).
Nothing personal,just business
- #92,946
- Edited 5:15am Apr 5, 2011 5:03am | Edited 5:15am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
I've been thinking a lot about the J16 method, and now I think I understand it, the simple brilliance of its accuracy, and the necessity to learn trading his way until you are ready, technically and psychologically, to go out on your own.
Let me use learning to drive as a metaphor for what I mean.
The road (market) is a very dangerous place to be, and pulling out onto a roundabout into traffic (entering a position) is extremely scary the first many times you do it, and if you're not technically and psychologically ready to do it, it can cost you dearly.
In trading, there's always a line of traffic on the roundabout coming towards you (price), and there's always the chance that it, or you will do something unexpected.
So, having a good instructor beside you to show you what to look for is a great advantage.
He can show you how to look out for possible entries.
The first sign would be the leading car indicating. This shows that there might be a space opening up soon.
But a good instructor would have you wait for a confluence of signs.
He'd have you wait until the car slowed down, and then wait until you see its wheels turn towards the exit.
He'd then assure you that this is your safest opportunity, but that you should only pull out if you are totally comfortable in doing so.
With time and practice, your confidence grows, and all these entry signs will be clearly visible, and your analysis will be so quick you won't even realise you're analysing at all.
Soon you'll find your own particular style of driving.
You may find that slow and steady works for you.
You may find that you prefer to powerslide into the roundabout and drift around it with most of your body out the window, only a leg and hand inside the car.
Once you KNOW you can trade, your style will come. But please learn the basics in safety.
And most of all, enjoy your journey!
Thanks so much to our seniors for showing us the way!!!
and 
to all
If
Let me use learning to drive as a metaphor for what I mean.
The road (market) is a very dangerous place to be, and pulling out onto a roundabout into traffic (entering a position) is extremely scary the first many times you do it, and if you're not technically and psychologically ready to do it, it can cost you dearly.
In trading, there's always a line of traffic on the roundabout coming towards you (price), and there's always the chance that it, or you will do something unexpected.
So, having a good instructor beside you to show you what to look for is a great advantage.
He can show you how to look out for possible entries.
The first sign would be the leading car indicating. This shows that there might be a space opening up soon.
But a good instructor would have you wait for a confluence of signs.
He'd have you wait until the car slowed down, and then wait until you see its wheels turn towards the exit.
He'd then assure you that this is your safest opportunity, but that you should only pull out if you are totally comfortable in doing so.
With time and practice, your confidence grows, and all these entry signs will be clearly visible, and your analysis will be so quick you won't even realise you're analysing at all.
Soon you'll find your own particular style of driving.
You may find that slow and steady works for you.
You may find that you prefer to powerslide into the roundabout and drift around it with most of your body out the window, only a leg and hand inside the car.
Once you KNOW you can trade, your style will come. But please learn the basics in safety.
And most of all, enjoy your journey!
Thanks so much to our seniors for showing us the way!!!
and to allIf
- #92,952
- Apr 5, 2011 7:14am Apr 5, 2011 7:14am
- | Joined Jul 2010 | Status: MAKE IT HAPPEN | 2,220 Posts
- #92,954
- Apr 5, 2011 9:06am Apr 5, 2011 9:06am
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
meine augen sind die sterne
- #92,955
- Apr 5, 2011 9:19am Apr 5, 2011 9:19am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
any comments about this buob on a/n?
As an RT in a new downtrend, it looks pretty good.
As the end of an RT in an uptrend it looks pretty good too
The weekly scaress the longs out of me though
- #92,956
- Apr 5, 2011 9:20am Apr 5, 2011 9:20am
- | Joined Jul 2010 | Status: MAKE IT HAPPEN | 2,220 Posts
- #92,957
- Apr 5, 2011 9:35am Apr 5, 2011 9:35am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
- #92,958
- Apr 5, 2011 9:36am Apr 5, 2011 9:36am
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
meine augen sind die sterne
- #92,959
- Apr 5, 2011 10:14am Apr 5, 2011 10:14am
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
- #92,960
- Apr 5, 2011 10:32am Apr 5, 2011 10:32am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
