james16 Chart Thread

Quoting james16

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thanks for looking after my baby. im going to get back here with some stuff next week. thanks to all of you new, old and in-between folks for continuing to post here.

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Quoting Neilg36

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Hello Jim,

I would like to start by thanking you for sharing this info mate. It really is great stuff. However, I can't help but feel that, dispite your best intentions, it is starting to wither. (I hope that I'm wrong).

That said, there may arguably be enough information here to trade successfully, anyway.

Thanks again,

Neil.

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Quoting Neilg36

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That said, there may arguably be enough information here to trade successfully, anyway.

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Quoting Neilg36

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Well, I'm short from the break of the low of last weeks pin bar...ok..let's see if I'm right/lucky. (Both would be nice).



Neil.

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Quoting feb2865

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Hey Jim


What's up??

You sound very emotional. Seems like something is going on, but anyways...

I don't post very much (as I rather read) But as I read from you, I think you're a experienced, capable trader who is posed for wining.

We all love you too, brother

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Quoting merlin

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beautiful stuff big jim! i was gettin emotional reading that! you know im feelin ya brother!

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Quoting Isotonic

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Passive Trading System or "The PITS" (just like the open outcry days when all the commodities traders huddled together in the pit on the floor!).

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Quoting moneybags

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Hey Jim and everyone else,

Thanks to every person who has contributed to this thread and to the success of the PF in any way. It's really great what you guys have accomplished. To think it all started from a thread in a public forum.....

Jim I really enjoyed your little speech above. It's very inspiring.
I only read this thread in detail (and others regarding the PF) a couple of days ago and I have to say I feel happier. I don't know exactly why that is, but I believe it's because it's nice to see a group of people working together for a common goal of a better life. It's also the idea that one day I can achieve the goals that I have set, through trading. They're not very extravagant goals but they're very real and powerfull to me. I just want a little bit more freedom for me and my family.

I honestly can't wait to join the PF. I don't want to set my expectations too high as in I'll quit my job 2 weeks after I join or something crazy like that. But I know I have the drive and faith that one day soon I'll be free to make that choice.

I'm going on vacation for a few weeks in 1 week so obviously I won't join right now. (it almost bothers me that I have to go away right now because I really want to get started ASAP ) As soon as I come back hopefully refreshed, the first thing I'll do is to join the PF and start building the life I want and dream.

Thanks for listening (or I guess reading) to me blabbing on.
And thanks again for everyone's contributions.

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Quoting james16

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i daytrade the mini-dow. im good at it. after so many years trading it and the mini sp its almost easy when i have even a little volotility. i position trade forex.

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Quoting james16

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Many of us here in FF experienced having difficulties, frustration, anger, and disapointment during course of learning. Some of you is willing to give up. It was for me at the beginning, How did I overcome all of this obstacle? How? A desire to have a better life, a desire of freedom, a desire to help my families and other people financially. I see trading not just trading. I see trading my life. Im not successful yet, but in my mind, heart and soul I am already successful. If some of you having difficulties. ask your self this questions? Why I am trading? Why trading? What I am doing here? and you will see it clearly. Stick on system and don't change system or don't make your owned system.

Surf Up.
SurfingWave



very nice surf, you always amaze me. surf is right but let me add to it. if i tell you i get emotional when i talk about this you'll just have to believe me. just the thoughts going thru my head right now before i type them bring tears to my eyes. YOU DO NOT HAVE TO GO THRU HELL TRYING TO FIGURE THIS BUSINESS OUT. I REPEAT, YOU DO NOT HAVE TO GO THRU HELL TRYING TO FIGURE THIS BUSINESS OUT.

when i first started it was about the same time i was starting my contracting business. i was young, stupid and no way i was going to find any worthwhile help. no internet, no nothing. a ruler, a piece of graph paper, a newspaper and a phone to my broker. no one to convince me to papertrade until i knew what i was doing. i knew it in the back of my mind but fat chance i was going to give up all that easy money doing it on demo. what an idiot, what a complete and utter fool i was. worse yet i did it over and over and over. work my ass off not to mention my wife to fund yet another account. honey this is it, i got it figured out. that last 20 grand i blew was worth it were gonna be rich.

it makes me sick to my stomach, i swear to God it does. 8 years of it. sure i had some great wins. rode sugar from 2 to nearly 6, pyramiding up. made six figures only to lose it all trying to daytrade before i had a clue. i cant tell you how many times i cried myself to sleep slumped over my office desk. i couldnt quit. i could see the reward if i could figure it out. maybe im just a case of enough time trying, i dont know. what i do know is i started to realise this aint a game. doctors spend 10-12 years killing themselves at a shot at a six-figure income. it took me more than that. what happened? what changed? i quit funding accounts with 1 or 2 grand and betting the farm. i flat quit period, with real money that is. the internet came along at the right time and i flat said no more until i can prove it on demo. period-paragraph.

the key is this. the goal is to fund/build an account that it is large enough that it produces a staggering income off of a couple or several trades per month while only risking one or two percent on each trade. the pressure lets up and trading gets much much easier. you dont need every trade that looks promising. you know you dont need but one or two and you know if your patient your damn sure going to get at least several in a months time. its not hard to move your stop to breakeven or take some profit when your showing 2000 on the plus side after a small move. its damn near impossible when that same move shows a 50 dollar profit. think about it. very few people can fund a 50,000 or larger account and even fewer can build one to that point starting from 500 bucks. its not that it cant be done its just people dont have the patience. so my question is this. if it takes you ten years trading smart to build an account to that staggering point starting with very little, is it worth it? i cant answer that for you.

i daytrade the mini-dow. im good at it. after so many years trading it and the mini sp its almost easy when i have even a little volotility. i position trade forex. why? because i have proven on demo i can. when i can prove to myself i can daytrade forex for 6 months profitably on demo then i will, not until. im in no hurry as i love the dow. i wont go back to finding myself in the fetal position after blowing all my money being a fool. there is no reason in the world to go thru hell risking your rent money or worse yet money that took you a year or two to save. if you cant do it on demo you cant do it live, i promise. so dont do it. for those of you who signed up in july and plan to leave afdter a month you just got your 129 dollars worth if you will listen to me. i love you guys, i mean that.

jim<!-- / message --><!-- sig -->
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Quoting Linus

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Jim, thanks for your words of wisdom... that's why we need you.

I've heard that the mini-dow and mini sp is simpler than FX. I would like to venture into this area but somehow kinda reluctant. My broker IBFX only provides FX. Which brokers would you recommend to use and maybe even one that also uses MT4 charts for trading the mini-dow and mini sp.

I've read somewhere that the descending order of simplicity is as follows:
1. S&P
2. GBP/USD
3. AUD/USD
4. EUR/JPY

Thanks

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Quoting Miguel

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Although i am young 21 i had to grow up really fast, mentally i feel 10 or more years older. I have became alone in the world at the age of 12 years old… I have faced many difficulties, sometimes i thought i couldn’t make it, but maybe by the grace of God I don’t know, I managed to keep going. At the age of 20 I meet my angel on earth, my girl, to person who saved my life! She was the reason I decided to have a family again, so I was able to get a job and start studying again, I am now at the <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1lace w:st="on"><st1laceType w:st="on">university</st1laceType> of <st1laceName w:st="on">Business</st1laceName></st1lace>, second year and doing well. I work really hard about 12 hours a day, and at home I study forex. I know I will be successful in becoming a trader, i will make it for me and for my angel. Myself, like you Jim, I cried many times over my desk, and your example gives me the strength to keep going! Thanks for your words, they touched my heart! <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

Please don’t read this has a sad history, actually it is not, co’s I know there will be a happy ending! <o></o>

I am saving money to subscribe the PF, I still don’t have it co’s in Portugal the wage’s are far from good, but in the next 2 months I will have it and I will be there to learn with you and all the guys. Looking forward to that…<o></o>

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Too Jim and all the guys that help other’s I would like to dedicate this text of the bible. <o></o>

Ruth 2:12<o></o>

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<o></o>
J<o></o>

PS: my English is very bad I am sorry, I am taking classes to learn better.

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