james16 Chart Thread | Page 4956 | 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

  • #99,101
  • Jul 22, 2011 5:27am Jul 22, 2011 5:27am
Quoting Panthera

Realy is that all what we can reach? 20% ?
Monika
Hey M

No one is saying that is all you can reach, no one can tell you what YOU will reach. But what most don't have is realistic expectations. Is 600% a year realistic? Plug those same numbers in with 600%, you will own the world in short order

Why do you think those courses advertise that, what would draw more people.

You can make 600%!!!

or

Well trading is a tough business and one needs to have realistic expectations.


Best
Mike
  • #99,102
  • Jul 22, 2011 5:31am Jul 22, 2011 5:31am
Quoting Panthera
I think I should have a coctail with Adi... (I do not like beer) and talk...

It keeps me thinking on it for a long time...

Thanks
Monika

Hi Monika! What a coincidence, I love coctails too!

Yeah the same topic bothers me a lot, but the only solution I see is to keep on working and developing our own methods for trade management, trade selection, risk allocation etc...

Will take some time but we will get there!

Adi
  • #99,103
  • Jul 22, 2011 6:15am Jul 22, 2011 6:15am
I am using fxpro.The price of oil has stuck since yesterday.I dont know whatz the reason behind it.Anyone knows here .Thanks
Sohail Riaz

  • #99,104
  • Edited 6:33am Jul 22, 2011 6:22am | Edited 6:33am
Quoting Panthera
Probably the 20% is not bad but after start the trading bc you think you can get 100% as minimum and maybe 600% if you are good.....well dissapointing...mainly if you do not have that big account....and thought you will be full time trader...
....
Mike is right.
set realistic expectations so u wont get disappointed.
challenge your self to make astounding returns. why not?

the questions are
1. can YOU do it?
2. is YOUR ability & performance in line with your expectations? in other words, are YOU good enough & deserve to get 20 - 100% + returns? the answer is simple & very straigthfroward, but the task & journey is not easy

small accounts... most have them. i do too.
but u are not required to be disappointed.
instead of getting disappointed, think of it in a positive light: pose a challenge to yourself, create something big from something small... it will be a very fulfilling challenge & journey

ok, to make u really eradicate disappointment, finish a lot of cocktail drinks &/or lose sleep , i'll tell u this:
like i said in my previous post, +/- 600% a year is not bullshit
i said that because a few years ago i made 1500%+ within a month, with a TINY account.
I really dont care if u believe me or not, because to tell u the truth, it's a very memorable experience for me because i withdrew profits then & was able to buy some stuff for my then 1year old kid (the stuff & i even got drenched in the heavy rain because i drove to the shop with my motorcycle... yet i was smiling-singing all the way to my house).
now, if u or i can make just 5 to 50 % of that annually, im quite sure u wont be disappointed anymore.

the point is anything's possible. but u should align it with reality & your ability/performance
  • #99,105
  • Jul 22, 2011 6:45am Jul 22, 2011 6:45am
Quoting supremeChaos
Mike is right.
s

ok, to make u really eradicate disappointment, finish a lot of cocktail drinks &/or lose sleep , i'll tell u this:
like i said in my previous post, +/- 600% a year is not bullshit
[b]i said that because a few years ago i made 1500%+ within a month, with a TINY account.
I really dont care if u believe me or not, because to tell u the truth, it's a very memorable experience for me because i withdrew profits then & was able to buy some stuff for my then 1year old kid (the stuff & i even got drenched in the heavy rain because...
wow! that made my eyes moist.
Trading is a test match not a Twenty20.
  • #99,106
  • Jul 22, 2011 6:47am Jul 22, 2011 6:47am
Quoting featurelion
I am using fxpro.The price of oil has stuck since yesterday.I dont know whatz the reason behind it.Anyone knows here .Thanks
Sohail Riaz

Hey Sohail

Open the market watch window then right click and click 'show all'

you need the updated contract

Best
Mike
  • #99,107
  • Jul 22, 2011 7:19am Jul 22, 2011 7:19am
Quoting mbqb11
Hey Sohail
Open the market watch window then right click and click 'show all'

you need the updated contract

Best
Mike
LOL thanks Mike
  • #99,108
  • Jul 22, 2011 7:29am Jul 22, 2011 7:29am
Oh Sc I die for stories like this.........what a father...

Yes I should have coctails.....I am down maybe bc of my loosing trade (CHFJPY)....when I win I never think on things like this..

Hey, Adi prepare that coctail for me...I am coming...!
Monika
  • #99,109
  • Jul 22, 2011 7:33am Jul 22, 2011 7:33am
Quoting Panthera
Oh Sc I die for stories like this.........what a father...

Yes I should have coctails.....I am down maybe bc of my loosing trade (CHFJPY)....when I win I never think on things like this..

Hey, Adi prepare that coctail for me...I am coming...!
Monika
I'm preparing it, you are going to like it so much you will never want to leave!
  • #99,110
  • Jul 22, 2011 7:36am Jul 22, 2011 7:36am
Quoting supremeChaos
Mike is right.
set realistic expectations so u wont get disappointed.
challenge your self to make astounding returns. why not?

the questions are
1. can YOU do it?
2. is YOUR ability & performance in line with your expectations? in other words, are YOU good enough & deserve to get 20 - 100% + returns? the answer is simple & very straigthfroward, but the task & journey is not easy

small accounts... most have them. i do too.
but u are not required to be disappointed.
instead of getting disappointed, think of it in a...
Thanks for sharing this with us, I dont know about other but it means a lot to me and I can almost imagine what that felt like. Giving when you have is so freaking rewarding that I cant wait to get there. I truly believe I am going to make it and when that happens I am going to try to help as many people as possible.
  • #99,111
  • Jul 22, 2011 7:36am Jul 22, 2011 7:36am
well i took that pin on the eur jpy short on the 4hr close, and up around 56 pips at present
  • #99,112
  • Jul 22, 2011 7:57am Jul 22, 2011 7:57am
Hi Guys,

It is sometime before today closes but if this closes as a BUOB - what are you thoughts on this. There is not much space available so may be a pass?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 19 KB
Trading is a test match not a Twenty20.
  • #99,113
  • Jul 22, 2011 8:11am Jul 22, 2011 8:11am
Quoting decentchap
Hi Guys,

It is sometime before today closes but if this closes as a BUOB - what are you thoughts on this. There is not much space available so may be a pass?
Hi Decentchap,

If You will use low enough number on any indicator then there will always be a divergence... just so you know. Check standard settings on macd/rsi....puff! divergence gone
  • #99,114
  • Jul 22, 2011 8:26am Jul 22, 2011 8:26am
Quoting Greenhaze
Hi Decentchap,

If You will use low enough number on any indicator then there will always be a divergence... just so you know. Check standard settings on macd/rsi....puff! divergence gone
it has greatly reduced sire, as you said. there is not enough action in the story for me to put my hard-earned demo money on line, but i shall keep track what happens for my learning.
Trading is a test match not a Twenty20.
  • #99,115
  • Jul 22, 2011 8:35am Jul 22, 2011 8:35am
Hi


just wanted to post a possible A++ PinBar Setup in the making @ EUR/CHF daily

to get the extra + ie (A+++) the volume on the reaction should have been a lil more decending .. however the average volume remain lower then on the down swing...

but its still early in the day .. but if the bar would close like its seen on the picture it would be an A++ setup for sure .. dont u think ?

well iam prepared for a short .. but also considering that its Friday .. i would rather wait for the next week...

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurchd.gif Size: 56 KB
  • #99,116
  • Jul 22, 2011 9:06am Jul 22, 2011 9:06am
Quoting PrymeTyme
Hi


just wanted to post a possible A++ PinBar Setup in the making @ EUR/CHF daily

to get the extra + ie (A+++) the volume on the reaction should have been a lil more decending .. however the average volume remain lower then on the down swing...

but its still early in the day .. but if the bar would close like its seen on the picture it would be an A++ setup for sure .. dont u think ?

well iam prepared for a short .. but also considering that its Friday .. i would rather wait for the next week...

cheers
I was looking at this as well this morning. It looks like a great setup if it the close is good, I guess we'll have to see. The only thing that worries me is that mondays are sometimes out of wack, but hopefully it wont affect it.
  • #99,117
  • Jul 22, 2011 9:08am Jul 22, 2011 9:08am
Quoting thermobee
I was looking at this as well this morning. It looks like a great setup if it the close is good, I guess we'll have to see. The only thing that worries me is that mondays are sometimes out of wack, but hopefully it wont affect it.
where would you like to see it close?
  • #99,118
  • Edited 11:59am Jul 22, 2011 9:34am | Edited 11:59am
Quoting featurelion
Thanks guys for your guidance. .I am thankful to all
Ghous Salam.How are u
W/salaam,

I am good bro,

We need a looooot more Pakistanis here!

g.
I believe . . .
  • #99,119
  • Jul 22, 2011 9:39am Jul 22, 2011 9:39am
Quoting ghous
W/salaam,

I am good bro,

We need a looooot more Pakis here!

g.
You cant say that word!!!! id edit that quick
  • #99,120
  • Jul 22, 2011 10:08am Jul 22, 2011 10:08am
Quoting deankenny21
where would you like to see it close?
I would say(and I believe many would agree) that as long as the eurchf pinbar closes below the previous days close it will remain a strong pinbar.
99 traders viewing now, 1 is registered:
Zojahamad