Incognito, I recommend to delete all indicators on charts. They confuse us , traders.....only pure chart may show us what price wants .
beauty is in simplicity
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedIncognito, I recommend to delete all indicators on charts. They confuse us , traders.....only pure chart may show us what price wants .Ignored
Disliked{quote}Also I've never claimed to live purely off trading profits that's extremely difficult and somewhat unreasonable.Ignored
DislikedMike, a few questions about the "live trade calls" you will be making on the new website please. 1. How many per day/week will there likely be? 2. What time of the day/night are you most likely to post these trades? You are NY and I am Sunshine Coast, Australia so vastly different timezones. I am guessing you do sleep at some point and without knowing enough about your trading style yet, will I miss most of the trade moves you post? 3. And last but not least (this question may help appease some doubters), what will your strike ratio likely be with...Ignored
DislikedTHE DREAM IS OFFICIALLY BEING ANNOUNCED AND CLOSE TO MIKES BIRTHDAY. LOL. OUR NEW SITE WHICH INCLUDES FOREX, STOCKS, OPTIONS, REAL ESTATE, MEMBER FOUNDATION FOR FINANCIAL TROUBLE DUE TO UNFORSEEN CIRCUMSTANCES, WORLWIDE CHARITY AND EVERY DREAM WE HAVE HAD FOR TEN YEARS WILL BECOME LIVE ON 1-3-16. YOU CAN NOW SEE OUR FIRST PREVIEW AND WATCH TWO VIDEOS THAT I THINK WILL BRING MANY SMILES TO MANY FACES. STAY TUNED BECAUSE ANOTHER PRE LAUNCH VIDEO WILL HAPPEN AROUND 12-25-15 AND WILL INCLUDE A FULL MEMBER AREA WALKTHRU. TO ALL MY DEAR FRIENDS FROM AROUND...Ignored
Disliked{quote} What happens if you make 30% the next year?? Which is still INSANELY good.
Wow! I was certainly thinking that a very good fx trader (which is what I want to become) would generate much better than 30% (I average better with my share trading - admittedly I have been doing that for 20 years. I'm so glad I asked as this changes everything for me!
...Disliked{quote} As for my trading and trade calls. We had to find a happy medium. Some trade calls would be impossible to get out, but i'm hoping most of my longer termIgnoredIgnored
Disliked{quote} yep trading is trading in my eyes, i trade equities futures too and I treat them exactly the same as FX(few differences of course because of the markets) If you have more questions let me know MikeIgnored
Disliked{quote} Yeah I am still trying to get my head around this info from you and others that fx trading is the same as simple plain old share trading. At the moment I see them as polar opposites however I trust with more time and experience I will see the similarities. Cheers, BillIgnored
Disliked{quote} For me the way I like to watch equities is weekly /monthly though.Ignored
Disliked{quote} And therein lies a big difference between fx and shares. Everything with fx seems to happen a lot faster, much more volatile (and that can be quite exciting I realize). I would guess that 95% of the charts posted on this thread and others like it are trades lasting hours, days, rarely more than a week or two. There are always exceptions to this of course but i'm talking the majority. Basically it's day trading! Due to fx's volatility, that's basically what it is. Some peeps even trade the 5 minute charts! Scary stuff. With my shares it's...Ignored
Disliked{quote} So I gravitated towards PA for that reason. Be it a one hour chart where a trade lasts a couple hours or a weekly chart where a trade lasts months/year I could approach them the same Thanks for the dialogue i've enjoyed it keep me posted MikeIgnored
Disliked{quote} I think unrealistic expectations are the number one killer of all aspiring traders.Ignored