james16 Chart Thread

Ryanmcd · #**55685** Feb 22, 2010 11:56am

Quote:

Originally Posted by chatzi

That was excellent thanks Tia. I have a question though about number 4, about small accounts never grow to large accounts, even when treating it like a business.

This has been a point of conflict for me and hearing this make me think that it may be better to demo for a few years whle saving as much as possible rather than the 3 months thing. I suppose its how we define a large account, I know this is subjective for different people and I am assuming that we will be trading while still working a day job (daily/weekly). Are we talking 10k, 50k...

Learn to trade and the money will come, when I started out I lost about 40-50k because all I wanted was more money. Now I just want what the market wants and take the trades as I see them. The few ppl I showed the market and how I traded all said "I cant wait to get a Ferrari, new house, etc" or something of great value, all they wanted was the money. Even with me sitting with them on messanger telling them when to get in and out they still screwed up, it was always the it's coming back, or I thought I could get more out of it that screwed them. Then I would ask them who does this for a living and makes money and they had no answer, ego / emotion. Also learn your own deal as I did. I took the best of what works for ME and tied it all together into a setup that I like and that I can live with. My trading stew is J16 with a touch of Bill Williams and a side on BB / RSI.

Ryanmcd · #**55687** Feb 22, 2010 12:22pm

Quote:

Originally Posted by TiaForex

Ryan! Dude, always good to see you. Hope you're doing well.

And Ryan's right. Never underestimate the capacity of the human brain to mess up a sure thing. Ryan sits there telling em when to get in and when to get out, having made a lot of money himself and doing it for a living.....and they still manage to mess it up.

The big enemy is always between our ears.

Doing well, just thought I would stop by and try to save a noob some hardach

Same crap different day.

Ryanmcd · #**55694** Feb 22, 2010 1:41pm

Quote:

Originally Posted by mbqb11

Hey Berti

IMO this is just where you can't replace time and experience. B/C eventually what you study and learn starts to jump out in you real time. It is like anything else, you get better over time and build from your success and learn from your mistakes.

My 2 cents
Mike

I think ppl miss this point. 3 pm's so far today about "I can't make money with your system" hell I did not even know I had a system it's just the way I trade.

Ryanmcd · #**55697** Feb 22, 2010 2:14pm

No need to follow someone else and learn the in's / out's of it even though 90+% of the ppl who post lose money, that was rule #1. Rule #2 is even if someone CAN trade and make money it may not work well with how you work = timeframe. Think back I tried the 1hr 4hr daily and it was not for me, if I had too I could prob. make a little money but not much I cant sit that long, now give me a 5min 3min chart and It's my true love. Find the ***TIME*** that works for YOU and then a style you like to trade.

Ryanmcd · #**55739** Feb 22, 2010 11:41pm

Quote:

Originally Posted by mbqb11

Hey Albertsy

Forex market is not centralized thus we have no true volume information. The volume you see on your screen is Ticks. So the more time price moves(up or down) during the time of the bar the more "volume" it shows. IMO very inaccurate. Maybe some use it, but it is no where near the same as volume in a centralized market.

Best
Mike

Good point Mike, I know that in the e-mini volume is good, in forex it sucks to use because you do not get the correct info it seems.

Ryanmcd · #**55806** Feb 23, 2010 9:04am

Quote:

Originally Posted by yarin

what went worng?
am i the only one who gonna take a full bar loss on this one?

LOL, look at the trend! Why do you think it's going to start going up? Because you want it too? If you are going 60mph in a car and I jump out in front of it do you think it will stop because I want it too?

Not trying to be a ass here just look at what is going on with the chart. Want what the market wants, if it's going down put in a sell and go down with it. Don't care what it does just do whatever it's doing with it.

Ryanmcd · #**55808** Feb 23, 2010 9:07am

Quote:

Originally Posted by triger88990

thanks for your replay,

taugh thing is the fear of missing a trade at a good price that can give you the occasion to reduce your risk. There are some setups which gives you no chance to re-enter on a trade and you get frustrated.

If you have a way you trade when you have a long run and you have no way to jump in you need to change the way you are trading. You should always have a way to get in on a strong trend, if not you are going to miss out on a lot of big moves.

Ryanmcd · #**55812** Feb 23, 2010 9:27am

Quote:

Originally Posted by Jduester

... I'm learning that I can't simply have a checklist and make a decision blindly without using my God-given mind...

Instead, do the checklist... then ask

"What is the story with this chart?"

"Will other traders, and especially big traders/banks think this pair will move in this direction too? Or will I be trading against them?"

IMO, the answers can only come with chart time (experience) and learning from our trades, both good and poor trades.

Josh

Perfect!

Ryanmcd · #**55830** Feb 23, 2010 11:59am

Quote:

Originally Posted by jarroo

I'm right here buddy.

Great freaking trade. The 4 hour Euro PB is A+ trade in my book. Classic J16 in every way.

This is what I look for in a setup . . .

. . . which brings me to the 2 Day PB on the Usd/Chf. Price went down to 1.0714 and I moved to break even and was stop out for a break even trade. And believe me, I was happy with that. Don't get me wrong, I believe that this setup fullfilled itself but just barely.

I didn't like that intial break of this trade from the get go. The uptrend has been so strong that fighting...

Good trade and I still do CT trades, the key now is when I am playing with the trend I can SEE the CT trades setup so I know what everyone else is thinking lol. It's a damn nice edge and most of the time I just close out my position wait and see if the CT players get raped and if they do I get back in on a new low / high when all the CT trades are getting the stops ran

Ryanmcd · #**55832** Feb 23, 2010 12:03pm

White line = add into the position, how about 2% risk on 40% return

that is all. off to gym until 2:00pm est zzzzzzzzzzzzzzzzz

Ryanmcd · #**55835** Feb 23, 2010 12:08pm

Quote:

Originally Posted by jarroo

An interesting approach, I like it. lol

But you have to admit that the bread and butter trades are with the trend.

as in your post above.

Jar000, above chart is just for you!!

Ryanmcd · #**55868** Feb 23, 2010 1:37pm

Quote:

Originally Posted by nasir.khan

And this is for Ryan.

70% chance to lose before you even get in the trade, add emotion, MM and whatever else is going on brings it to about 80-85%. But as the pro's know we have to let you win a few times or else it's just pro's vs pro's and that's no fun

Most people like to be smart and show how good they are at catching the top or bottom, I like making money.

Ryanmcd · #**55876** Feb 23, 2010 1:47pm

Quote:

Originally Posted by Piggleop

Hey guys,

I'm new to this James 16 stuff but I know a number of traders who have referred me here. I guess right now i only have one question. What's the best approach to learning the price action in here? I started reading through posts, getting bits and pieces of what's going on, but it sounds like the only real option is to pay for the James 16 website? Anyways, I don't have much money for trading and 600 or whatever hte cost is would take a big chunk out of my fledgling bankroll.

- Piggleop

edit: should i just start from the beginning...

If you are not lazy you can get it all from this thread and then some. The key for you is money > being lazy lol. If I could do it all over again and spend 100k to know what I know now I would do it in a heartbeat and save myself a few 1000 hours and 10's of thousands of $$$. You have to remember lots of people lose in this game 95% or better so if you try to follow someone you may be losing just like them. Find a time you like and something you have CONFIDENCE in and get good with it, don't look for a magic trade that is going to work 100% of the time, if you find a 50/50 you can make millions a year with good money management.

Ryanmcd · #**55883** Feb 23, 2010 1:56pm

Quote:

Originally Posted by Piggleop

Wow I got to say I thought my trading method was simple, (only price action with rsi sometimes)...this is some great stuff from what I've read. I don't get why you guys don't use candles though? To me, they show the same patterns you guys talk about yet make it more clear.

I use candles but people can use whatever. I use a line on close too a lot to get a clear direction on price.

Ryanmcd · #**55886** Feb 23, 2010 2:05pm

Quote:

Originally Posted by Piggleop

It's nice to know everyone here is looking to help. As for me being lazy, quite the contrary I love trading. Not even for the money but rather just because it's fun to constantly improve. So yea im going to start form the beginning but I think I'm going to screen out a lot of hte posts that aren't james16 or don't have graphs. Do you think this is skimming over the material too much or would this method work well to learning all the content in here?

I would read it all, I did a few years ago. What you have to watch out is people posting only winners after the fact, hell I can win the lotto everyday doing that too but it's not real. Get a feel if the person just likes to post trades or they do this to make money. Lots of people that post can not trade and then after they bomb out try to sell some system bullshit, if someone can trade why sell anything? It's like having a fat ass for a personal trainer or a broke financial advisor, if they can't do it how can they show someone else?

Find something that works for YOU, don't try to copy someone because what works for 1 person may not for someone else, I know I wasted a few years on that one

Also find a time that works for you, if you do this fulltime like other trades I know most use the 3-5-15min stuff and daytrade. If that does not work use the 1h 4h daily stuff. I can not trade the daily 4hr stuff because I don't like to sit through the trades, I know what to do but I do not enjoy it.

Also this is a biggie, YOU ARE NOT SMARTER THEN THE MARKET, IF YOU CATCH A BOTTOM OR TOP YOU GOT LUCKY. Yes you can win a few and with good money management you can do okay playing a bottom / top picker when the market is sideways but what you dont see a lot of even in this thread is people going with the trend and ADDING into the position if it's winning.

Last thing, It takes time and some people NEVER can trade, they are just not wired for it and can master anything else just not the market.

p.s. the people that find trading the hardest are Teachers and engineers

Ryanmcd · #**55890** Feb 23, 2010 2:11pm

Quote:

Originally Posted by Piggleop

currently i'm only demo-trading on forex because I'm new to this market. So, I'm using very short time frames to analyze trades because I have a LOT of spare time (im in college). So I figure I may as well speed up the learning curve by trading shorter time frames and making more mistakes (I also realize shorter time frames are more choppy/harder to trade but I think the benefits outweight the negatives here)

It all depends on how you look at it, yes you are going to have more spike / noise bars but it's around news most of the time and I just stay out then. Demo is good but you will make your 1st million on demo, then wonder why you lose 90% with real money. The only difference is emotion, once money does not mean anything is when you start winning again.

Ryanmcd · #**55891** Feb 23, 2010 2:13pm

Quote:

Originally Posted by benji533

Nice trade Riskee.

The cool thing about this trade, is that I know I would do exactly the same with my future large account.

Ben

Money = emotion, work on not thinking about money and it will make it easier. What if that trades was $2,000 a pip you think you would do the same?

Ryanmcd · #**55896** Feb 23, 2010 2:20pm

Quote:

Originally Posted by Piggleop

Ah well I trade stocks so I'm aware of the emotional aspect of trading. I've found the best way for me to trade stocks is to almost pretend I'm trading demo instead of real money, but still taking it very seriously. To help integrate the emotional aspect I've been considering putting in a small sum for my training, say $1000 and doing micro lots. I think this would make it more fun but I' mready to lose that 1000 over time with good risk management so it lasts as long as possible. Think that's a better idea than demo account?

I would use real money to be honest if you can, it does change the game.

Ryanmcd · #**55898** Feb 23, 2010 2:21pm

Quote:

Originally Posted by mbqb11

I use both, just how I am feeling. OHLC bars and candles show the exact same information, so it really is a personal preference

Welcome piggleop catching up on your introduction. Hang around and ask questions we are all here to help

Mike

Mike when are we going to have a J16 yearly get-to-gether?

Ryanmcd · #**55900** Feb 23, 2010 2:24pm

Quote:

Originally Posted by triger88990

I submitted to your entire post

just that I heard about this issue that teachers,engineers,doctors,lawyers are from some reason not made for treading

I'm engineer and don't know whay for me is working to be a trader,maybe because I'm a funny guy,but what have this to do with treading...don't know

.

The rule is that those jobs aren't made for being a trader.But in order to be a rule there must be something contrary to that rule.

So I'm the exception from the rule,simple math

and I'm telling you that are many successful...

The problem is the way they think, being a engineer you always have 1+2=3 over and over, the market is not like that the EXACT same trade can and will lose so it's screws them up, I know I am a Engineer as well and my mentor told me the market was going to kick my ass until I could stop thinking the way I was told, and also to stop thinking the market is some kind of beast that I have to battle with everyday. Now I think of the market as a furry bunny that drops pellets of gold LOL

Ryanmcd · #**55904** Feb 23, 2010 2:29pm

Quote:

Originally Posted by mbqb11

in vegas right

Yes no other place I would go. I want to see these mad poker skills in action, I will back ya

Ryanmcd · #**55920** Feb 23, 2010 5:37pm

Short 7 positions just close it all out, yes I do get whipped sometimes when it's sideways but starting with 2% risk for about about 25% gain is worth it. Or you can be smart and play with the 1 position and CT stuff

P.S. Sign up my to Rymacdaddy's billions of pips system! only 3k a seat, seating limitied to 150 and the 1st 50 people get a free stuffed bunny!

Ryanmcd · #**55922** Feb 23, 2010 5:43pm

Quote:

Originally Posted by michal7

What do you think guys about this setup? (Jim, Mike, jarroo?)

My take:
+nice BUOB engulfing several previous bars
+extrem low
+off of the strong support from few years back
+very close from BIG round number (1.5000)
+divergence

-first minor trouble area quite near (30 pips)
-it's against a trend that is lasting 14 months
-didn't close above 3 prevous bars (on gmt+2 time frame, might still close above on gmt+1 or gmt time frame)

I'd say it's A setup for me for sure. Any thoughts?

LOL, so you think you can stop a train going 100mph right at you? Come on ppl that's why I stopped posting because I can't take seeing people just get hammered. Why not just get on the train and enjoy the ride?

Ryanmcd · #**55923** Feb 23, 2010 5:45pm

Here is the daily, HOW CAN YOU LOSE? yellow line = buy/sell you can throw all the other BS out the window, you dont even need any fib's, cycles, EW counts, PB's, voodoo, or any other crap. Look at price and trade it.

Ryanmcd · #**55930** Feb 23, 2010 6:12pm

Quote:

Originally Posted by uraceulose

Ryan,

I mostly trade EU, would you be so kind as to share what MA you are using for that yellow line? Or is it a MA?

Thanks,

Donnie

Just a simple MA, I will let everyone else figure it out.

Ryanmcd · #**55933** Feb 23, 2010 6:21pm

That's about it, hell it was on a 5min chart and I changed it to a daily. ANY MA WILL WORK, this shit is not magic as I said. you can make it superhard if you want through up 100 different things and think your real smart and still be broke, or just use easy stuff that makes money. If you cant explan it to a 5 year old you have too much shit going on.

It's funny how everyone wants something so hard to make them money, if it's easy it can not work

Then again you can put all this stuff up and show how smart u are

Ryanmcd · #**55934** Feb 23, 2010 6:22pm

Quote:

Originally Posted by uraceulose

gee thanks man

Anytime, thanks for all YOUR help, oh wait! Add something then I will help ya. Less memememememe plz..

Ryanmcd · #**55936** Feb 23, 2010 6:30pm

Quote:

Originally Posted by michal7

Hey Ryan,
I'm not taking this trade, I rated it A(which was too high apparently), but I take only A+ so don't worry about me

In July 1999 same train(EURAUD) got stopped with daily BUOB at 1.52 level.
One question for you though: Would you jump into the train which is going very fast against very very thick wall of bricks (1.5000) which this train was not able to break in more than 13 years??

Cheers,
Mikey

It's your money, I don't care if you win/lose to be honest just trying to help out. The more I think about it all I am doing is making people better and in the long run it will make it harder for me to make money so why do it? Prob out for a few more months gota make that $$$$$$$$$$$$$$$ zzzzzzzzzzzzzzz

Ryanmcd · #**56053** Feb 24, 2010 2:08pm

2:00pm, lets get ready to rock and roll!!!!

Ryanmcd · #**56057** Feb 24, 2010 2:26pm

Quote:

Originally Posted by nasir.khan

GUY'S are back from lunch ??..I was about to go to bed.. it's 12.30 AM here.

10:30 and 2:30 are the times things happen just like in anyone else's day. 12-1 = lunch that's why I hit the gym. 10:30 want to get done before 12 = lunch, 2:30 want to get done before 4:00 = close.

It's funny no one talks about TIME ever, I use time and it's a HUGE edge, I have 10 days and the cycles point it out, it's like EW but it's nice having a 70-80% chance of what way the market is going to move

Ryanmcd · #**56059** Feb 24, 2010 2:33pm

Quote:

Originally Posted by Piggleop

GBP/JPY - looking to go long

Ok so this is my first post in this thread, was looking for some input on my thoughts about this trade. The price seems to be testing the lows, but without much strength. As explained in my graph, im looking to go long on signs of strength upwards (bull engulfing type patterns etc.)

edit: i'm using the hourly and 4 hour time frames here. I usually look for patterns on the hourly + price action, then confirm it by looking at the broader picture (trends, consolidation etc) with the 4-hour chart.

Attachment 426191 Attachment 426193...

What way is the current trend?

Ryanmcd · #**56065** Feb 24, 2010 2:53pm

Quote:

Originally Posted by Jankone

I like your style , you know it, I understand your trading with pins/ct + div etc but
i really don't understand what and why you trade here.
and funny little pins...wtf

Not all of them are pins they are just bars, nothing special. When it's running the bands I do care what it looks like I just want to get in it, and it's the same crap I always did, in a trend buy/sell the pullbacks, if it's a pin good in not that's fine too.

Ryanmcd · #**56066** Feb 24, 2010 2:54pm

Quote:

Originally Posted by nasir.khan

Well if you trade daily and weekly you don't have to worry about market timings and news. So this is the reason people don't talk about time here. But if you trade 5M it's better to trade in best timings you could get depending on your GMT.

True but let me see you grow a small acount off the 4hr or daily. I can make what you do in a year in a few weeks. Also I trade for a living and that's what I enjoy doing now so why be a lazy ass and look at the market everyday why I watch tv or sit at the lake? I want some structure going on, I like getting up at 8am

Ryanmcd · #**56070** Feb 24, 2010 3:29pm

Quote:

Originally Posted by Jankone

With my style (your) present on the thread I have one problem, I generates really few possible trades. and I am really curious how to improve it .
what should I search for.... train etc..?
You know, if you write to people " I trade because I like this bar" it's really non-saying ...

Bill Williams, is all I have EVER used forever and it works. J16 just showed me a few bars too look at really the rest is Bill's stuff. It's all simple trend stuff, and finding a low risk way to get into a trend on a pullback or if it's hammereing up/down.

Ryanmcd · #**56081** Feb 24, 2010 4:04pm

lol thanks, I keep looking back because I did the same crap then when I got a mentor to walk me through 100s of trades and 1000s of emails and phone calls daily. It seems people keep looking for good deals but if they just get into the trend it works, you think big players and market makers CT the market? HELL NO they cant because the only people at the tops and bottoms are the retards the lose over and over aka the 95% that trade here and they don't have the $$$$$ to fill them.

Buy / sell the pullbacks of a trend and you will be wrong 1 time the top or bottom. Sell the "top" "bottom" and you will be correct 1 time and it will fill you EGO and make you feel good and you can tell everyone what a market wizzard you are, but when you goto sleep at night you will know that you got HAMMERED the 3-4-5-8 times before that 1 trade and still be going to work for someone tomorrow.

Ryanmcd · #**56084** Feb 24, 2010 4:09pm

Quote:

Originally Posted by LasVahGoose

I was reading an article or a post that said every trader should at some point trade a system that they would never consider. The point was basically, by trying something you'd never consider your probably going to learn a few things. One you really do like it or solidify what you are currently doing. This is definitely a method I would never try. With that said, I'm thinking I should at least at one point actually take a look and try it. Who knows what I'll discover.

The key for me is to know what everyone the 95% is thinking when I get into a position. I can see when we get a move around support and watch people jump in, even though it's a CT trade but had some kind of support in their mind and they talked themselfs into how good of a trade it was so then they have to take it.

I do watch the 80/20 RSI a lot though because that is the end of a move in most cases, not to CT it but just to look to scale out some then build back in on the pullback.

Ryanmcd · #**56086** Feb 24, 2010 4:22pm

Quote:

Originally Posted by chatzi

Yeah most traders can trade a trend, its not difficult, problem is the market ranges a high percentage of the time.

I get a trend everyday on the 5min and it's a lot harder then the longer times. Well maybe not everday but 95% I get a trend I can get in on.

Ryanmcd · #**56087** Feb 24, 2010 4:27pm

Quote:

Originally Posted by chatzi

I've got a video of Bill Williams talking about Chaos and Fractals etc, pm me if you want a copy.

Thanks but I got the home study kit deal from 2000 then the update from 2008 and sat his class and traded realtime with him, learned a good bit

Ryanmcd · #**56097** Feb 24, 2010 5:16pm

Quote:

Originally Posted by chatzi

Wow nice, can I ask, did you start off on higher TF or just think f*** it I am going to master the 5 min?

Mark

Naa mentor did the 3min deal and I just went to 5min. Just what I know and how I am wired, ADD = not a good long term trader.

Ryanmcd · #**56098** Feb 24, 2010 5:17pm

Quote:

Originally Posted by triger88990

got to decide between blonde vs brunete

I have to made a difficile choice

PS: is more simple if I had to choose between a huge PB and a small PB

I say get long them both, have to stick with the trend

Ryanmcd · #**56108** Feb 24, 2010 6:30pm

Quote:

Originally Posted by jarroo

No praying here buddy. lol It's not a bad setup, you mentioned all the pros and cons about it. Sure it could be bigger, etc. Is it an A+ trade that James16 would post? probably not . . but maybe.

That 80.00 is a strong PPZ level, what a great place to look for some PA. The only thing missing for me is a nice hard break. The 80.00 is a great place to hide a stop loss. Looks pretty easy and safe to me. Should be fun to watch.

Edit: Forgot to add the 150 ema confluence.

I would get long that trend is up, Also if you get good and you have the balls you could SAR and double down, I do that sometimes lol

Ryanmcd · #**56121** Feb 24, 2010 9:39pm

Quote:

Originally Posted by mbqb11

Was a busy week for me

The final trade I have closed down, smallest profit of the 3 and took the longest to get there but we made it

back to the bushes

Nice trend trade, Also whatca got going on with that macd lol

Ryanmcd · #**56122** Feb 24, 2010 9:45pm

Hey mike, here is a blast from the past, 2002 from my mentor. This is how I work the time into my deal, this was the sp e-mini but it follows the euro too because when the dow moves everything else does too now.....

Ryanmcd · #**56125** Feb 24, 2010 9:53pm

Quote:

Originally Posted by mbqb11

Blast from the past, man 2002 seems like yesterday

I know it sucks right lol. Shit I was in IT at the time doing y2k testing for Bellsouth haha. Oh well same shit different day, that was all Bill Williams stuff too. The time things still works to this day, it's nice 10:30 12:30 2:30 RSI 20/80 short term high/low stuff but you know all this.

So when is a good time for Vegas? You think we could round up some people? Would be kinda cool.

Ryanmcd · #**56127** Feb 24, 2010 10:01pm

Quote:

Originally Posted by mbqb11

I might be there end of year for a bachelor party so an extended stay wouldn't be bad :P

Let me know, I can go whenever. We still need to have a yearly J16 get together. Would be cool to see others who trade face to face.

Ryanmcd · #**56133** Feb 24, 2010 10:24pm

Quote:

Originally Posted by TiaForex

I'm visiting the states around then too. But I want a room with a tiger in it. Like 'The Hangover'. And you have to go to Mike Tyson's house.

You know how it works, with enough money I bet I can get those damn S&R white tigers and hookers from the bunny ranch to ride'em around. Hmm, now you got me thinking again lol!

Ryanmcd · #**56139** Feb 24, 2010 11:05pm

Quote:

Originally Posted by TiaForex

Lol. We'll put Mike to work on the poker tables, and what he makes during the day gets spent in the evening.

From what I hear (only been once and I was married then, very different experience), everything is for sale in Vegas. Just no Cirque Du *$!@ing Soleil please.

I plan on bringing $50 and putting Mike to work, If we cant rent the bunny ranch your not a true poker player.

Ryanmcd · #**56187** Feb 25, 2010 8:52am

Quote:

Originally Posted by jarroo

So this was a great trade for you Dave.

(your demoing , right?)
What I mean by "great trade" is that the 1st blue line should not have surprised you when it reversed. You know now why it did. Do you know how many people would not know why? Alot. lol.

Now it just come down to time and practise my friend. A bar Close above that 1st blue line would have been a good confirmation that the trade may have some legs. Yet, the BUOB is still very much valid. Your going to learn alot from this one.

lol Ryan is not a big fan of countertrend...

If I traded that pair I would take that small red pin short and fade your long

Ryanmcd · #**56329** Feb 25, 2010 11:02pm

Quote:

Originally Posted by perch

So I've been a proponet of DIY (do it yourself) - dig, study, practice, read, etc . . not asking a whole lot o questions. I am currently trying to accept a couple of challenges
1) 3 months consecutive profitables
2) 4 bullets (trades)

Gee whataya know postponed success at both. (rather than saying failed at both) sort of an inside joke - but I like it.

Is there analysis paralysis in this biz? I'll give you my for example - hope I get some feedback.

AUD/JPY 2/25/10 daily chart

First a note on weekly chart - movement has been sideways for...

You are making this WAY too hard, I bet you have a engineering background ggggggg.

Attached is a pic of your chart.

Ryanmcd · #**56335** Feb 25, 2010 11:13pm

Quote:

Originally Posted by daveoz001

Hey there Ryan,
Thanks for the tip. Although I kind of know what you mean.
ie. going short on what was a long trade.
I am not sure what it means to "fade your long"
I have my own thoughts from reading this, but they are probably not quite right!
If it's not too much trouble could you please give a brief explanation?
Thanks,
Dave.

If I fade your trade I take the other side, if you go long I go short...

What Does Fade Mean?
1. A contrarian investment strategy used to trade against the prevailing trend. "Fading the market" is typically very high risk, requiring the trader to have a high risk tolerance. A fade trader would sell when a price is rising and buy when it's falling. Also known as "fading".

Ryanmcd · #**56336** Feb 25, 2010 11:15pm

Quote:

Originally Posted by joelcf

Anyone could trade this setup. Make mad pips with my new CurveFit? system... only 1999.95 a month!

Attachment 427304

I bet some ppl have more shit on a chart then that LOL. I know I used to have some charts that made everyone think I was the best trader ever. Problem is I was still broke. If it does not follow trend and does not help me make money it's gone.

Ryanmcd · #**56338** Feb 25, 2010 11:22pm

Quote:

Originally Posted by LasVahGoose

Charts on Drugs or Works of Art? Funny Thread.

http://www.forexfactory.com/showthread.php?t=185027

.

lol that is great. I can trade a blank chart just with price and make money, the only reason I add MA's is too make me not have to think about what to do

Ryanmcd · #**56430** Feb 26, 2010 1:07pm

Quote:

Originally Posted by benji533

That's because no one watches James16's videos, following his principal, and trying to get inside his mindset as a trader. Or not letting this stuff sink in?
All I needed is a few shots of James "rants and charts" video. Man, that thing worth like 10,000$ + alone imo.
I know jarroo watches Jame16's videos again and again every few days/weeks. I can see it through his charts.
I do the same.

Man, it's around the 8 moth since I know what forex or trading is. I can't believe people are doing it for 30+ years and I can get all this experience at...

Most people are stupid and lazy that's why people that work at the market make money, it by "Work" at it it's not getting some bullshit system, or sitting in a class with a so-called "Pro". The ONLY class I sat was Bill Williams when he still used to teach it just to ask him questions and work on other things such as time.

Keep it easy because if it does not make you money you do not want it on your charts. Let the MIT engineers keep the 3 story computers and work on system, just keep on working on taking trades that work. You are at start 2 now of the 5 stages, next step is to work on getting emotion out of trading, that for me and everyone else I know was the hardest part of it. After that it's fun to trade and I enjoy it and would do it for free just to watch all the work I put in work over and over

I am very glad to see you doing well, keep it up and keep ego / emotion out of trading, I even took medation classes to learn how to relax better. Once you hit 4-5 stage of trading it will change the way you look at EVERYTHING not just the market, and I feel it will make you a better person as you will worry less about what others think / feel because you have learned to control your emotions and understand yourself.

Ryanmcd · #**56434** Feb 26, 2010 1:32pm

Quote:

Originally Posted by bluetrader

Ryan, can I assume you are referring to Bill Williams 5 stages?

http://www.forexfactory.com/showpost...10&postcount=8

Yep.

Ryanmcd · #**56483** Feb 26, 2010 5:23pm

Quote:

Originally Posted by benji533

And I believe this draw down effect is a very bad psychological and emotional effect on big account holders. That kind of draw down makes james kill his trades with a loss, and then see it become a winner after he exited....which lead to additional psychological problems.

Although I know I can make money on these kind of setups, I prefer, at least at this stage, to leave this potential profit along with the draw down involved.

I can summarize this in your own words..."an A+ setup is a momentum setup", or, "hard break". When you move your...

Once you get the emotion out of it a trade is just that, one trade. After taking 10k + trades I can be down 10-15k on the day and it does not matter because I have done this so much I know my money, just like the market, does not go up or down in a straight line.

Look at all the people that can papertrade just like posted here and make a ton of cash but once you add the VALUE of money it changes everything.

I know I keep pounding this away but it is what makes the difference from someone making a few 1,000 a month to making 50-100k a month, it's just bigger numbers.

P.S. When I trade I have ***0*** things that show me my account balance ever, I think that makes it easier if you see no value on the chart then you just trade them as you see them.

Ryanmcd · #**56485** Feb 26, 2010 5:33pm

Quote:

Originally Posted by jarroo

I do like the location and swing low, but after such a strong move down we need some big bold PA to counter act that move.

Your target is a bit aggressive, I could say that the 4 hour PB's 1st target was already hit.

Welcome btw, Jack.

CT trading again? What happened on that last one

Just take the trend trades it's so much easier and makes so much more money, if you are are going to CT it at least do it when the market is sideways at a extreme.

Ryanmcd · #**56489** Feb 26, 2010 6:01pm

Quote:

Originally Posted by benji533

Being able to do that, especially on a 5 min chart is a very special and valuable ability in my opinion. That the top of controlling your emotions. Controlling emotions is a very hard thing for humans to do, and I would even say a rare audibility.

Ryan, what do you think helped you the most reaching this stage? Is it experience mainly? (successful experience = confidence).

Sometimes I have another psychological barrier which expressed by not being able to pull the trigger. Then after seeing price do exactly what I knew it will do, I think to...

Sept 11th 2001, I had about 11k in stocks. I was trading off a service that was $500 per stock pick. I had no idea what I was doing and I had 500 shares of ctxs. It was wall street stratagys I think. Anyway I bought the shares like the service said to do and it was working good so far, I was up a few 1000 so I was like great making money. Well then the plans crashed and I was STUCK in that trade, when it opened back up I was down about $7,000. Back then I was broke as hell so I just watched my not going out, eating everymeal at home for 6 months go down the drain and I had no control of what was going on because it was not my trade. After that I NEVER want to feel that way again no matter what so I had to take control because it sucked, I felt sick and I knew it was me who did it because I could not even trust myself and I knew it was time to change who had control.

I would say that set the stage for me having to gain control of what was going on, no matter if I won or lose I needed to have control of what I was doing and have a clue of what was going on. I never did blame them or the market because it was my dumbass that did it but I needed to figure it out and do it soon because it was so painfull to just get hammered over and over and have 0 control.

I tell you what also helps, if you can not pull the trigger it's 95% chance you had a losing trade and don't want to lose again, or you had a winner and you don't want to give that money back. This is why people use all these indicators and stuff so they have confidence in what they are doing, even if it helps or not. Having more stuff on the screen has to help right? After time a trade is just that 1 trade it's not a "hope I win trade" or "This looks like a winner trade" it's just A TRADE nothing else. If it wins great, if it's a loss great, if I get 1 good trade today sure no biggie, if I get 10 trades, same thing it's just part of it. I don't have goals for the day or week and I could give a shit about "pips" because all that bullshit is just ego. Who cares if you make 10 pips a day or why have a goal for 30 pips a day? Why not just trade what shows up, sometimes you get 10 pips others you get 60 pips, sometimes you lose 30 pips, it's just a number and thinking like that sets you upto fail because on the 60 pip days you take 10 and quit, on the -30 days you lose everytrade.

Last part of my rant

If you skip trades deep down inside you do not have the confidence on what you are doing, if you did you would not skip it. Think about driving a car at 80mph with other cars around you going 80mph, that's a lot more risk then taking a dumb trade in the market

Ryanmcd · #**56492** Feb 26, 2010 6:25pm

Quote:

Originally Posted by benji533

Thanks again for sharing this Ryan.
Just bookmarked this post. I have to do some more thinking. I think the only way to take control at the end of the day is through experience. Would be interesting to check this post again at some point in the future.

You just HAVE to get to a point when you have 0 guessing going on, for me I look at the chart say okay this looks good and take the trade and go back to playing xbox live

if I get stopped who cares, if it goes my why who cares lol. I really do trade this way, If I had 10 million I would do it the same too as I have 0 care of what happens now.

Ryanmcd · #**56582** Feb 28, 2010 4:35pm

Quote:

Originally Posted by TiaForex

It's such a tough question to answer Ben because these things are so individual. I have over 200 books on my shelf to do with personal development and 'psychology' and all were valuable at different stages in life for different goals. There isn't really a "try this" book. What I will say is that whenever you get a recommendation from someone, bear in mind that they are telling you what worked for them, when they were at a particular stage of their life. It may be meaningless to you. I would always try and read the first few pages of the book (if...

One thing I will add is when I first started trading my mentor told me to goto a psychologist and let him run a bunch of things by you and see what time works for you, this is huge and if you read my stuff you know that I can not trade the longer stuff because I am ADHD as hell and can not sit still and have more energy then a 10 year old LOL. But if you goto a doc they can help find what TIME works for you and everyone is different, in fact I goto a doc monthly to help me work on my trading as well as 4-5 other ppl that help make my life better, personal trainer, chiropractor, masseuse, and nutritionist. For me the longer I am in a trade the more I get sick of it "ADD" and start to find ways to get out. I am good for about 4-5 hours as long as I can add into the trade, for me when I add into a position I did something thus it satisfys my "ADD", ya call me strange but it works for me lol

Ryanmcd · #**56592** Feb 28, 2010 7:23pm

Quote:

Originally Posted by Jcp

Just wondering what everyone's thoughts are on posting public journals of your trades. Does it help or hinder? Part of me thinks it may hinder by causing unneeded emotion and pressure to perform. On the other hand it could hold you accountable for your actions and possibly force discipline. I guess it depend on the intentions.

I used to post charts and trades but it does NOTHING to help me, all it does it tie you to that trade because it's like standing outside and yelling I AM A LOSER when you lose, but again most people dont post losses and that is why. Also you trade the way YOU trade, it may work for you and no one else so posting it will only skew the way YOU need to trade and the way that works for yourself. I can post a chart and some will say "looks good" others will say "I would not take it" so then it just adds more confusion.

What I would do is find a style that works for you and a time that works for you and build on that. Find bars / indicators / traders that work with yourself. It's like Mike and I, he trades the long term stuff and knows I suck wtih it, I even tried some stuff he was doing and it worked but I hated it and I don't want to hate what I am doing when a different style works better and I look forward too it.

So to sum it up I can see 0000 benifit to posting charts unless you just want to get a mixed bag or to see if they bar form fits a standard, as far as taking the trade and asking should you or should you not well that is upto you and should ALWAYS be upto you unless you want to blame someone else for your loss

Ryanmcd · #**56593** Feb 28, 2010 7:26pm

Quote:

Originally Posted by benji533

The definition of greed is: greed in psychology is an inordinate desire to acquire or possess more than one needs or deserves, especially with respect to material wealth. Is the desire for material, wealth, or gain, ignoring the realm of the spiritual.

What you are describing is more like Passion: [url="http://en.wikipedia.org/wiki/Passion_%28emotion%29"]Passion is an emotion applied to a very strong feeling about a person or thing. Passion is an intense emotion desire for something. compelling...

I like this stuff, also you will only make what you feel you desirve. After that your other side of your brain will take over and make you fail because it likes to play too

Ryanmcd · #**56640** Mar 1, 2010 8:56am

Quote:

Originally Posted by SeekingLight

I am a bit tempted to participate in the psychological subjects discussion..

Quite frankly, and I think it's not bad to be a bit in a contrarian spirit with this, I feel that it's almost more important to at some point reduce the time spent with various interpretations and models and just plain attack whichever problem you DO have with action.

One risk I plainly see is that there is a gazillion of "old wisdoms" and explanatory mind-models, behavior-models and whatnot and an endless slew of tips, tricks and explanations.

Great.
Now I know...

Now you see why I only stay a few weeks at a time here and then gone for months. All forums do for me is start to think about doing something different because all you see is posts about winners, hell if I won 90% of the time like what is posted here I would have 100+ million in a few months, too bad I win about 55-60% of the time only.

I remember when on was on avidtrader in 2002 I watched someone post charts that made money, the problem is after he lost say 2-3 in a row that "system" did not work and he moved onto something else, it was funny because they all worked but he did not have the confidance to trade them and after a few losses it was onto something else. I say about 1000+ trades then you know if it works or not maybe more over several years, but if you don't know why you are taking the trades or fully understand what you are doing because you try to copy someone else well then you are never going to get that far and you are going to keep moving onto the latest greatest system.

Ryanmcd · #**56641** Mar 1, 2010 9:00am

Quote:

Originally Posted by SeekingLight

Ryan, I wouldn't mind some "after the trade is closed" charts, either.
Jankone's thread would be a neat place to see more 5M examples in.

It doesn't matter whether other folks will love the bar shapes or sizes, I'd just be curious whether the setups were good to YOU and why.
If you feel you could do it so that it doesn't mess with you or your trading at all, I'd appreciate having some more examples in my collection for review eventually =)

-----------

And as a direct contrast to that and many other "touch trading insta-pleasure, insta-result"...

I will start to post my day in the PM, just been busy running around all day.

Ryanmcd · #**56687** Mar 1, 2010 1:50pm

Quote:

Originally Posted by nasir.khan

So some of you will be curios why i am not in the contest list.

Well EG have blown me.

From the past 2 months i was having a huge success and i was gaining confidence. But i didn't knew when this confidence was developed into
overconfidence.

So i saw the EG pin got in and was stoped out. When it reached .9000 i went short again and it kept on going up. Then i shorted again at 9024 and 9060. It kept on going up and up i was adding to my shorts. When it reached 9100 i said ok thats enough and i added a bit more and then it hit 9150. I made...

As I said before, your other side of the brain gets sick of you winning and wants you to use it, it's true too. self sabotage is huge and that is why when I said that trading changed my way of life, this of it like office space when he was put under that spell and he does not care anymore, that is me 100%. I am always happy and have a smile on my face because I can now control what I want to do and not just in the market. This is the area I got stick in for a while, I was losing a lot with bad stops or whatever then said screw it if I lose so much I will just do the opposite, well I lose some more lol. You think it's hard in demo try it with a large account, it can be done and is done everyday but you just have to know 100% that you are NOT going to trade off of emotion and that is what you did. If I even have a bad day or something is off and I say screw it I am just going to take this trade, I stop myself and call it a day because I know if I start going in like that it will be a VERY bad day.

Now when I trade I don't hope for money I know I am going to make money and I know I deserve it and me and this market "the rabbit" are going to have a damn good time doing it.

Ryanmcd · #**56691** Mar 1, 2010 2:08pm

Quote:

Originally Posted by mike w

Ah, this guy understands the law of attraction.

Yep just like the "I want to lose 10 pounds" deal, everyone knows to eat less, 3500 cals = 1 pound right? They start out good then they slip a little then say screw it and hit the all you can eat place LOL. Trading is the SAME way, it's sticking to the plan and not hitting that buffet.

Ryanmcd · #**56693** Mar 1, 2010 2:10pm

Quote:

Originally Posted by LasVahGoose

Ryan,

You do know we are putting a new coversheet on the TPS report, right?

Be like that guy in office space and enjoy your millions. I have good friends that tell me I am just like that guy before that movie even came out. The only downfall to it is with the females, sometimes they feel your don't have enough emotion because if you don't go crazy when they do they feel you don't care LOL

Ryanmcd · #**56696** Mar 1, 2010 2:20pm

Quote:

Originally Posted by LasVahGoose

You are very lucky that you've never ran into a woman that made you want to drive your car into a wall.

Mike Judge made another movie recently "Extract" that is pretty good too, nothing beats office space though.

lol, think about this. If something is going to happen that you can not control, why worry about it? But just like the market, I dont' ever have a bull / bear tone and most times I don't even know what the dow or eur/usd are at and I trade them daily, all I care about is what way that chart is going because everything else is just fluff to me.

Ryanmcd · #**56700** Mar 1, 2010 2:35pm

Quote:

Originally Posted by StoragePro

True, true.

What surprised me about it all is that it takes time to recognize 'issues'. Reading a book is great, but until that 'moment' happens, nothing is really clear.

What I am ready to learn today, is today's thing. I am not ready for tomorrow until that time.

Yep that is true, I bet 90% of the people think in yesterday or tomorrow and what they are going to do but not many people think in the NOW what is going on and what they are doing. As I said this changed my life and they way I think about everything and it's fun talking about it because I am sure other are at some of the stages I was at in the past so they can relate. Not many people I know can talk about this kinda stuff without being the "strange" guy

Ryanmcd · #**56704** Mar 1, 2010 2:53pm

Quote:

Originally Posted by LasVahGoose

Have you ever read any ofG. I. Gurdjieff works? I've only read "In Search of the Miraculous" which is about Gurdjieff written by someone else. Interesting character, you might like him.

Nope never heard of them. I will check it out though and thanks for the info!

Ryanmcd · #**56725** Mar 1, 2010 9:27pm

Quote:

Originally Posted by pipfirst

Hi Ryanmcd,

Thanks for sample of the trade you take on M5. I have several question based on the chart you post :
1. do you take the yellow line as your trend direction ? if the price above the line you open buy position and vice versa for the sell.
2. while trade the M5. Do you see higher time frame to ensure the trend ?
since mostly I get confuse if I see M5 and H1 in the same time.

sorry if this is a repeating question.

Thanks,

Yep, yellow line = trend, I don't CT it unless I have a damn good reason so today it was all shorts and 1 long at the end, I could of took one more long but I was at the gym. Also I have a deal on the side of my chart but the long term trend does not keep me for jumping in, all it does it let me know that we have a correction in the long term and I will not be able to ride it out.

Here is a chart.

Ryanmcd · #**56732** Mar 1, 2010 10:29pm

Quote:

Originally Posted by ehrek

How long have you been trading FX this way?

3 days

I think I have been doing the forex about 4 years now, and s&p 3-mini about 5 years before that.

Ryanmcd · #**56790** Mar 2, 2010 8:48am

Quote:

Originally Posted by mbqb11

hahah even though it is 4am and I am in desperate need for sleep you just made me laugh out loud

BRN = Big Round number. It is soemthing I have sort of termed in my own way of the round numbers every 500 pips. instead of regular round numbers.

As for the rest of the abbreviations here is off the top of my head.

PPZ = price pivot zone
BEOB = bearish outside bar
BUOB = bullish outisde bar
pin = pinbar
DBLHC = double low higher close
DBHLC = double high lower close
TBH = two bar high
TBL = two bar low
IB = inside bar
I4b = inside 4 bar
S/R =...

Get off that Meth Mike! lol, wtf why don't you ever sleep?

Ryanmcd · #**56791** Mar 2, 2010 8:51am

Quote:

Originally Posted by pipfirst

Hi Ryan,

can you post a chart how you trade ? since today seem the EU retrace to yellow line...
In this situation you keep open a sell position ?

Thanks,

You are going to lose on a trend chage and I think I got stopped on 1 trade when it hit the yellow line, then it went above it and I wanted to get long and I did, 2% risk 4% gain. Had 1 more long that I missed because of the gym.

Ryanmcd · #**56792** Mar 2, 2010 8:53am

Quote:

Originally Posted by Nustra

They say inactivity is a position in this market.
I have been doing a lot of that lately.

A combination of day job, work and more work has made me miss the few set-ups I otherwise would have taken so far this week.

Now, I don't thinks its necessary a bad thing as one of my recs from last week was to mitigate over trading.....

you know, as they say; its better to be out wishing you were in than to be in wishing you were out.

Okay want me to tell you what you are going to do next? Because you want to trade and feel you have missed some good trades now you are putting pressure on yourself to trade and just like a drunk guy at a strip club you are going to jump on the 1st "thing" you see and it's not going to end well.

Ryanmcd · #**56797** Mar 2, 2010 9:19am

Quote:

Originally Posted by pipfirst

Yup, I miss the change trend. so your SL is when the first candle cross yellow line ?

lol, I can tell you what I do but it's a 99% chance you will screw it up that is why I am not going to post it. Every setup is different and I look at the whole picture when I trade. I am not trying to be a ass but I can say I do this and this then you do it lose and call me a ass so it's just not worth it. Just a FYI I have a loss daily sometimes several so it's just part of it and taking the good trades that I see them, I wish I could say do this and this and enjoy your millions but it's not going to work like that.

Ryanmcd · #**56799** Mar 2, 2010 9:28am

Quote:

Originally Posted by ehrek

whats your trend saying for UJ right now ryan

5min, was short now if I was going to trade it I would be getting long on the pullback....

Ryanmcd · #**56801** Mar 2, 2010 9:34am

Quote:

Originally Posted by ehrek

I see it, I see it.

3rd touch now? 5min.

No, you are trying to make it FIT something and that's not how to trade, stop thinking so hard lol. The thing is going up so get long on pullbacks that is all, I know I think and can mentaly draw trendlines, and fibs w/o putting them on the charts that is how I can spend 10 seconds and know what I would do w/o any guesses.

Print out this chart, and find any 6 year old kid and ask him up or down. That's how I trade.

Ryanmcd · #**56804** Mar 2, 2010 9:47am

Quote:

Originally Posted by ehrek

You grab the free pips on cable?

Naa, I don't trade that pair or have a feel for it. That was just a gun to head post.

Ryanmcd · #**56805** Mar 2, 2010 9:48am

Quote:

Originally Posted by kk007

Don't think this can be accurately discussed without chart.

Open the pair, put it to 5min, higher highs and lower lows = trend = up. Not too hard.

Ryanmcd · #**56823** Mar 2, 2010 1:16pm

Quote:

Originally Posted by Max Profit

Hi Ryan

Please don't take this wrong way, but unless someone on this forum proves their worth like James16 and others, why should we listen to your bragging of these 'profits'? It seems you want something here, what is it? Are you lonely? If you want to be a hero, just start your own thread and teach what you do, as on this site, we share, not brag with no proof whatsoever..

Don't want to be a hero never posted how much I have because it does not matter. I think someone else started something on how I trade Jackoo or something I think it's about 200 pages. Was just throwing stuff out to other helping with emotion / trend stuff. Also I have posted a lot of charts and my trades real-time if you go back but don't worry about it, reading my stuff is a waste of time.

http://www.forexfactory.com/showpost...ostcount=31232

Ryanmcd · #**56835** Mar 2, 2010 2:23pm

Quote:

Originally Posted by Max Profit

Interesting link Ryan, but what have you really got in common to James16? He trades longer time frames, you think that sucks and slate it. He has a private site and teaches traders to trade, you can't be bothered as you think most people are 'lazy', I'm not having a pop, just trying to weed out the hot air around here, you maybe one of the best traders, or someone claiming benefit living in a trailer park, how will I personally know unless I see proof of some sort? Again, not having a pop, just trying to get through one trade to the next myself!...

I will never setup a site to teach people because it takes too much time to do it right, I think the J16 site is great and I have been a member in the past. But as you know if you do trade for a living then you know more people will fail at this it's just how it goes, if you think I am full or crap that is fine as I think you are full of it too because the 6 posts you have are all bashing people I posted screen prints of my live account to show my trades but it always seems that the losers that can not trade go nuts and want to bash everyone else. I just like to help that is all, I never asked for money or anything in return it's just something I do.

Ryanmcd · #**56886** Mar 2, 2010 5:23pm

Max if your that hard up for me I can give you the address to send the roses.