james16 Chart Thread | Page 4931 | 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

  • #98,601
  • Jul 15, 2011 3:18am Jul 15, 2011 3:18am
Second trade, the IB after the break of the 365 EMA.
100 pip SL below the bar and behind the 1.0200 area, 55 pip TP at the close of the large bearish bar, 2 bars back from the IB.

Let me know if anyone is bored with this and I will stop posting the trades, as they are demo on trade simulator.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 26 KB
  • #98,602
  • Jul 15, 2011 3:19am Jul 15, 2011 3:19am
Quoting Adilius07
We are gonna make it sooner or later

Quoting Pinbar
Second trade, the IB after the break of the 365 EMA.
..Let me know if anyone is bored with this and I will stop posting the trades, as they are demo on trade simulator.
i think it's great, Steve
  • #98,603
  • Jul 15, 2011 3:22am Jul 15, 2011 3:22am
Now just look at this, a true runner with a gap.

too bad I closed out the trade, this is where we need to be able to stay in them at BE or better.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 26 KB
  • #98,604
  • Jul 15, 2011 3:24am Jul 15, 2011 3:24am
Quoting Pinbar
Second trade, the IB after the break of the 365 EMA.
100 pip SL below the bar and behind the 1.0200 area, 55 pip TP at the close of the large bearish bar, 2 bars back from the IB.

Let me know if anyone is bored with this and I will stop posting the trades, as they are demo on trade simulator.
I like it.

But also I think daily bars are not good for this exercise, because we actually remember the outcome, even not consiously but subconsiously! Everyday we look at the Daily chart and it is so slow that we actually see each bar many many times...even though it seems we don't remember, but we do.

So in a way this is subconsious cheating....

For the same reason I tried this same soft with lower tf and the pair I never traded. But is frustrating I cannot push the pause button at the right time...
  • #98,605
  • Jul 15, 2011 3:24am Jul 15, 2011 3:24am
Quoting supremeChaos


i think it's great, Steve

Ok, thanks SC...

I just learned something important from the above post, about my equity curve and perhaps why, I am not getting a good return.

Got to learn to cut eh losers short and let the runners, run while we are safely at BE.
  • #98,606
  • Jul 15, 2011 3:25am Jul 15, 2011 3:25am
Quoting Adilius07
I like it.

But also I think daily bars are not good for this exercise, because we actually remember the outcome, even not consiously but subconsiously! Everyday we look at the Daily chart and it is so slow that we actually see each bar many many times...even though it seems we don't remember, but we do.

So in a way this is subconsious cheating....

For the same reason I tried this same soft with lower tf and the pair I never traded. But is frustrating I cannot push the pause button at the right time...
I don't think so Adi, this demo is in 1970.

EDIT: Maybe you have it moving too fast, it takes about 3 or 4 mins for a daily bar to close at the speed setting I am using.
  • #98,607
  • Jul 15, 2011 3:28am Jul 15, 2011 3:28am
Quoting Pinbar
I don't think so Adi, this demo is in 1970.
Oh sorry, that's even before I was born...

The bars look like just as they are today
  • #98,608
  • Jul 15, 2011 3:30am Jul 15, 2011 3:30am
Quoting Adilius07
Oh sorry, that's even before I was born...

Yeah.......You lucky chap.

I am up to 1989, right now.
The data is crappy before that.
  • #98,609
  • Jul 15, 2011 3:57am Jul 15, 2011 3:57am
Quoting supremeChaos
can u point us to posts that talk about this elusive 90% stuff?
i think u focused on the wrong goal, & could've spent your focused energy productively on something else.
u can still prove & achieve 'something' even if u dont attain/focus on getting 100 consecutive win. trades.


oooops, i think that's a terrible, completely illogical analogy.

pick a better, valid one. (as essentially, your analogy translates to "damn, i cant trade/identify A+ setups, so i'll just trade the non-A+ setups so i can accomplish trading success" which is...
Yes I can. Have you read this thread recently? You keep asking me to do this. Jim mentioned a figure of around 93%, I think, but this is not about Jim; it was about my experience and what I proved to myself.

You know it's funny. Some of you guys/seniors must know/ought to know that this market is rigged. Stop losses are periodically taken out deliberately. The markets "feed" where the orders are. If you don't know this, then I'm afraid you either stupid or believe the world is flat. I call it blind faith and I've read indications of this from some of you in horror. You are the gullable ones and I suspect you know who you are.

Yes, it is true long term trends are not easily manipulated. It is like the battle ship and the speed boad analogy, but to suggest otherwise on lower timeframes (imo) is just plain stupid. Did you get that? It is just plain stupid.

I don't really care what you think about the above because I know the truth. If you want to succeed at this game, you need to get out or up to breakeven quickly.

The closest somebody ever came to mentioning this fact was Peter Crowns. He was an expert at "picking pockets". I doubt whether he ever grew his account by 50% returns each year. I suspect with "relatively" small size picky trades (and moving to breakeven FAST) he managed to get onto some long term trends without being "bucked off". Perhaps, the size of his trade did not warrant (at times) a deliberate take out of his stop losses.

When the market knows you have significant loot on a trade, you better watch out, because you become the target.

Like I said before, the market feeds where the orders are.

Now, please - enough of this bullshit.

Either trade the very long term trends like buying physical gold a decade ago (negative real interest rates) or get out (or up to break even) on J16 trades as quickly as you can.

This is my humble advice and it's the plain truth as I see it.

KR
  • #98,610
  • Jul 15, 2011 4:05am Jul 15, 2011 4:05am
....by the way (this is an interesting point to make) for all you currency traders.

Go back over forty years and look at the DOW priced in US dollars, then look at the DOW priced in CHF. You want to pay particular attention to the 1970's.

You might find something interesting. At least a few of you will (I hope).

KR

last post.
  • #98,611
  • Jul 15, 2011 5:19am Jul 15, 2011 5:19am
sos for being dumb joel but wots EV..??
anyone??

cheers

jon
PATIENCE... DISCIPLINE
  • #98,612
  • Jul 15, 2011 5:50am Jul 15, 2011 5:50am
Quoting Knight Rider
Now, please - enough of this bullshit...

...This is my humble advice and it's the plain truth as I see it.

KR
Humble you say?
  • #98,613
  • Jul 15, 2011 5:57am Jul 15, 2011 5:57am
Joel will love this.
Liberace, Playboy, floppy disks, a couple of flailing traders, bullshit & humble pie! more cream!

Bring on the night, please.
  • #98,614
  • Jul 15, 2011 6:08am Jul 15, 2011 6:08am
Darn.
A bunch of my wives family just arrived and shook me out of the simulator when one of the kids closed the program down.

Noooooooooooooooooooooooooooooooooooooooooo
  • #98,615
  • Jul 15, 2011 6:12am Jul 15, 2011 6:12am
Here's a trade Adi and I were talking about yesterday, which sort of relates to J16 method.

If my first entry had been on the RT of the first PB, it would have related better to J16, but it was from the first m5 PB, which I could've and perhaps should've cashed in before letting price return.

I might have let it run longer, but it looked like it might RT hard from my exit, and the low just before my exit had me at exactly 50% profit on my account.

It IS possible to get big returns from small risk - one just has to pick the right trades


Best

If
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.jpg Size: 83 KB
Click to Enlarge Name: slv.jpg Size: 117 KB
  • #98,616
  • Jul 15, 2011 6:22am Jul 15, 2011 6:22am
Quoting Ifmyante
Here's a trade Adi and I were talking about yesterday, which sort of relates to J16 method.

If my first entry had been on the RT of the first PB, it would have related better to J16, but it was from the first m5 PB, which I could've and perhaps should've cashed in before letting price return.

I might have let it run longer, but it looked like it might RT hard from my exit, and the low just before my exit had me at exactly 50% profit on my account.

It IS possible to get big returns from small risk - one just has to pick the right trades


Best

If...
Man, your style keeps amazing me!!! 50% in a day? lol... that's too much!!!

Super trade!
  • #98,617
  • Jul 15, 2011 6:23am Jul 15, 2011 6:23am
Quoting Adilius07
Man, your style keeps amazing me!!! 50% in a day? lol... that's too much!!!

Super trade!
Thanks Adi

That was just one of the trades

Add another 10% and you're about there.

But am beginning to burn out, as I've said. Might just take the big ones in future
  • #98,618
  • Jul 15, 2011 6:40am Jul 15, 2011 6:40am
Quoting g_j_hook@yah
sos for being dumb joel but wots EV..??
anyone??

cheers

jon
come on guys, someyone must have known what he was talkin about!!??

jon
PATIENCE... DISCIPLINE
  • #98,619
  • Jul 15, 2011 6:42am Jul 15, 2011 6:42am
Quoting g_j_hook@yah
come on guys, someyone must have known what he was talkin about!!??

jon
Remind me of the context
  • #98,620
  • Jul 15, 2011 6:47am Jul 15, 2011 6:47am
Quote
While it works for Tony Robbins (ie, get rich selling seminars), in the real world... well. Having a -EV trading system is a losing proposition. You cant use your mind's subconscious power to magically turn your losing system into a winning system. Despite what people selling crap on the internet will tell you, winning isn't all in the mind. It's on the account statement. It's in your research. It's in your execution of a +EV methodology.

part of joels post...

cheers

jon
EDIT: back soon....
PATIENCE... DISCIPLINE
58 traders viewing now