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james16 Chart Thread
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Mar 3, 2010 3:44pm
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Vivere!
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Quote:
Originally Posted by Bollocks
greetings to all J16 traders from London
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London is one of the worlds greatest cities!
Quote:
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for my first post i must present Jim with an apology. about a year ago i stumbled on your thread and read your first post and thought, aah, another chum trying to claim fame. I was greatly mistaken and would have been here longer if i wasnt such an idiot for dismissing that road. My punishment for not walking this road earlier was yet another year of failure. I seem to have walked off the beaten track (J16), into the jungle and eventually found my way back on the beaten track. I don't know how i have not given up yet but the fire inside for this...
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LOL - Me too!!! I felt the same way, and it took a YEAR of careful watching for signs of scammery to convince me otherwise. You are dead on smart to be careful. Don't beat yourself, that was a smart thing for you to do.
And you are here now - right on time no less!
- mike
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 3:44pm
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Vivere!
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Quote:
Originally Posted by Bollocks
greetings to all J16 traders from London
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London is one of the worlds greatest cities!
Quote:
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for my first post i must present Jim with an apology. about a year ago i stumbled on your thread and read your first post and thought, aah, another chum trying to claim fame. I was greatly mistaken and would have been here longer if i wasnt such an idiot for dismissing that road. My punishment for not walking this road earlier was yet another year of failure. I seem to have walked off the beaten track (J16), into the jungle and eventually found my way back on the beaten track. I don't know how i have not given up yet but the fire inside for this...
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LOL - Me too!!! I felt the same way, and it took a YEAR of careful watching for signs of scammery to convince me otherwise. You are dead on smart to be careful. Don't beat yourself, that was a smart thing for you to do.
And you are here now - right on time no less!
- mike
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 7:48pm
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Vivere!
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Quote:
Originally Posted by mbqb11
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I knew that was coming....
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 7:52pm
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Vivere!
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BOOYAH !!
Well, well, well....
My Syracuse Orangemen are finally where they belonged all year -
# 1
I live down in so-called basketball country - Raleigh NC, the heart of the ACC and yes, it is fun having Duke, UNC and Wake Forest all within spitting distance, but NOTHING -
N O T H I N G
beats the BIG EAST for college basketball. Not even close.
That is right, I am talking smack, and I win.
.out.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 10:56pm
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Vivere!
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I'm not wearing pants
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 7:48pm
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Vivere!
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Quote:
Originally Posted by mbqb11
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I knew that was coming....
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 7:52pm
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Vivere!
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BOOYAH !!
Well, well, well....
My Syracuse Orangemen are finally where they belonged all year -
# 1
I live down in so-called basketball country - Raleigh NC, the heart of the ACC and yes, it is fun having Duke, UNC and Wake Forest all within spitting distance, but NOTHING -
N O T H I N G
beats the BIG EAST for college basketball. Not even close.
That is right, I am talking smack, and I win.
.out.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 10:56pm
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Vivere!
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I'm not wearing pants
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 10:57pm
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Vivere!
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Quote:
Originally Posted by TiaForex
I ate a cookie
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I farted...
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__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 11:34pm
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Vivere!
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Quote:
Originally Posted by joelcf
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Hey look - a two bar pin... looks like things are gonna be running our way after all!
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 10:57pm
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Vivere!
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Quote:
Originally Posted by TiaForex
I ate a cookie
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I farted...
.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 3, 2010 11:34pm
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Vivere!
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Quote:
Originally Posted by joelcf
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Hey look - a two bar pin... looks like things are gonna be running our way after all!
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 4, 2010 4:15pm
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Vivere!
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Quote:
Originally Posted by jarroo
Swing High: Yes, but not at a swing high that gives big Space.
Divergence: Yes.
The act of being very picky is that all these factors have to be met. Especailly, with the countertrend trades.
The pay off when they do meet these factors. . . . a sizage move . . . packed with many pips. 
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This has been the toughest thing to learn. So many of these bars like todays are for suckers. Some pairs fire them off more than others too (or so it seems).
Two ways to figure this out - trade them and get torn a new one over and over (That is how I did it) or, demo carefully, and pay close attention to the smarties on the this thread. (The preferred method)
Sometimes I see a bar I seem to like, but for some reason it does not sit well with me - I have learned that this is a warning sign. I am never disappointed when I remain keyed into myself.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 4, 2010 4:47pm
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Vivere!
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I'm just a contrary guy..
No divergence on the bottoms
Generally in a down trend
The bottom is close to the 88, but check the gray box - trouble in closer than it appears in your mirror.
It may go places, but not without some stomach troubles...
Just my 2 cents.
.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 4, 2010 4:15pm
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Vivere!
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Quote:
Originally Posted by jarroo
Swing High: Yes, but not at a swing high that gives big Space.
Divergence: Yes.
The act of being very picky is that all these factors have to be met. Especailly, with the countertrend trades.
The pay off when they do meet these factors. . . . a sizage move . . . packed with many pips. 
|
This has been the toughest thing to learn. So many of these bars like todays are for suckers. Some pairs fire them off more than others too (or so it seems).
Two ways to figure this out - trade them and get torn a new one over and over (That is how I did it) or, demo carefully, and pay close attention to the smarties on the this thread. (The preferred method)
Sometimes I see a bar I seem to like, but for some reason it does not sit well with me - I have learned that this is a warning sign. I am never disappointed when I remain keyed into myself.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 4, 2010 4:47pm
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Vivere!
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I'm just a contrary guy..
No divergence on the bottoms
Generally in a down trend
The bottom is close to the 88, but check the gray box - trouble in closer than it appears in your mirror.
It may go places, but not without some stomach troubles...
Just my 2 cents.
.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 4, 2010 6:59pm
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Vivere!
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Quote:
Originally Posted by bundyraider
Too bloody right. LOL
For christs sake, A++ is just a way of saying ....A REALLLLY REALLLY GOOD SET UP IN A REALLY REALLY AWESOME LOCATION. That's where this all started.
Classing trades down to B- verses C+ etc is just ridiculous.
No one's ever going to see the same grading.
Anyone trying to get to grips with the basics is just going to have their brain twisting into a pretzel trying to understand whether they should take a trade or not , when it's actually many many times simpler than that.
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These are A+ comments.  (who can resist a crack like tha?)
I prefer a more black and white approach. It is either a bar I want, or not. If it is 'close or boarder line, it is not.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 4, 2010 6:59pm
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Vivere!
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Quote:
Originally Posted by bundyraider
Too bloody right. LOL
For christs sake, A++ is just a way of saying ....A REALLLLY REALLLY GOOD SET UP IN A REALLY REALLY AWESOME LOCATION. That's where this all started.
Classing trades down to B- verses C+ etc is just ridiculous.
No one's ever going to see the same grading.
Anyone trying to get to grips with the basics is just going to have their brain twisting into a pretzel trying to understand whether they should take a trade or not , when it's actually many many times simpler than that.
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These are A+ comments.  (who can resist a crack like tha?)
I prefer a more black and white approach. It is either a bar I want, or not. If it is 'close or boarder line, it is not.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 6, 2010 10:24am
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Vivere!
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Quote:
Originally Posted by printer69
Ciao Ryan
this post is one of the Mr james selected ones at the very first pages of this thread
I am a "fully" newbie and know nothing about trading, just zero!
At present I am reading this thread from page one and some books like
Pring on price patterns and next will be Reminiscences of a stock operator and Market Wizard as some suggested from this thread on my request.
I would like to ask you what your "selected" books are from the 40 you have read, to be honest just to save some money thanks to your experience...
Your help...
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Starting from zero is the best place you can be. "Knowing" something will just get you broke.
So - post 1 is where you need to be and about the first 50 pages or so. Open a demo account someplace and start to apply what you are learning. It takes time. Your book list you put up is a fine start - dont go nuts spending money there, to be perfectly open, everything you need is right here. I'd add in Trading in the Zone by Mark DOuglas, but as Ryan points out, you really won't get it for a while. It is just something you have to learn by doing.
Start throwing up charts here with demo trades. Mark ever trade with the entry point, and mark the first area where price action indicates a 'trouble area'. You can get good at spotting the first push price makes real fast.
Trade good PA bars at PPZ's that have confluence with at least one other indication - fib retrace, round number, divergence on the MACD or RSI etc.
Just get started. Learn one thing at a time and go from there. Compound your knowledge, it grows fast all by itself.
Good luck!
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 6, 2010 10:24am
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Vivere!
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Quote:
Originally Posted by printer69
Ciao Ryan
this post is one of the Mr james selected ones at the very first pages of this thread
I am a "fully" newbie and know nothing about trading, just zero!
At present I am reading this thread from page one and some books like
Pring on price patterns and next will be Reminiscences of a stock operator and Market Wizard as some suggested from this thread on my request.
I would like to ask you what your "selected" books are from the 40 you have read, to be honest just to save some money thanks to your experience...
Your help...
|
Starting from zero is the best place you can be. "Knowing" something will just get you broke.
So - post 1 is where you need to be and about the first 50 pages or so. Open a demo account someplace and start to apply what you are learning. It takes time. Your book list you put up is a fine start - dont go nuts spending money there, to be perfectly open, everything you need is right here. I'd add in Trading in the Zone by Mark DOuglas, but as Ryan points out, you really won't get it for a while. It is just something you have to learn by doing.
Start throwing up charts here with demo trades. Mark ever trade with the entry point, and mark the first area where price action indicates a 'trouble area'. You can get good at spotting the first push price makes real fast.
Trade good PA bars at PPZ's that have confluence with at least one other indication - fib retrace, round number, divergence on the MACD or RSI etc.
Just get started. Learn one thing at a time and go from there. Compound your knowledge, it grows fast all by itself.
Good luck!
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 8, 2010 7:15pm
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Vivere!
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Quote:
Originally Posted by Ryanmcd
For me I look at the 5min and if price stalls I will look at the higher times, but I will not skip a trade due to a higher time saying something. For me trade the time you are looking at and it seems to work.
Also about the higher times I started with the 3min but did have a mentor who had 30 years of trading the e-mini when it was only the spoo so he knew his stuff, If I had to do it over I would prob do the 3-5min still on paper because it speeds up the learing curve....
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I'm starting to like these posts of yours more and more, Ryan. No waxing philosophical for you. Just straight talk. Better watch out, people might think you are a nice guy!
10 years.
I've thought I could get there faster than that.
But then again, I am 5 years in it
And I am not 'there'.
Probably as something to do with my devotion to the dailies for soooo long.
QUESTION:
I know in some endeavors we can become competent and not be conscious of the fact. Looking back, was there that time in trading for you, and how long did it last?
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 8, 2010 10:44pm
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Vivere!
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Quote:
Originally Posted by Ryanmcd
The better I get the more I look into understanding how we think because that is truly what has to change,
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I've had quite a time with this since October. (those in the PF will know about it) Often I read peoples commentary on this forum, my crap included, and know that they haven't a freaking clue. It is not what people expect. The ability to string words together coherently does not mean it makes any sense.
Quote:
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you can make money off of ANY MA or any simple system, but if your mind screws things up well no system or setup will work.
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I think it was you who posted a note here a while back about flipping a coin for entry, and if you MM was solid, you'd make money. Everyone should try this.
Quote:
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The thing that I had to do was not worry about it, to me again that was the hardest thing to get over. Look at eveyone who posts here, they are all winners seems everyone is making millions of $$$$ right? Well that's ego and I bet you they are not and getting up for work tomorrow to try to play the market at a later day. I lose almost daily and I will tell people that, getting over the fact if it's a win or loss = 2 shits, looks at the long run and look to see if what you are doing is solid.
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You are right - it is hard to get there. I am still working on it. What has changed for me recently is that is if I lose a trade, and I followed my process, it does not seem to bug me. This is new, and I am sure fragile. I bet it would only take a few dumb-ass trades to set me back.
I still look at it as money too much though. Way too much. Something still has not clicked into place.
BTW - I think the longer timeframes may actually breed over trading by its very nature in many people.
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 8, 2010 10:51pm
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Vivere!
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Quote:
Originally Posted by mbqb11
I really hate watching the 5min charts, b/c you have to be glued to your screen.
Mike
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??? And you are not already ???
Who is that guy always ready at the post? A Mike Bot? 
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 8, 2010 7:15pm
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Vivere!
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|
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Quote:
Originally Posted by Ryanmcd
For me I look at the 5min and if price stalls I will look at the higher times, but I will not skip a trade due to a higher time saying something. For me trade the time you are looking at and it seems to work.
Also about the higher times I started with the 3min but did have a mentor who had 30 years of trading the e-mini when it was only the spoo so he knew his stuff, If I had to do it over I would prob do the 3-5min still on paper because it speeds up the learing curve....
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I'm starting to like these posts of yours more and more, Ryan. No waxing philosophical for you. Just straight talk. Better watch out, people might think you are a nice guy!
10 years.
I've thought I could get there faster than that.
But then again, I am 5 years in it
And I am not 'there'.
Probably as something to do with my devotion to the dailies for soooo long.
QUESTION:
I know in some endeavors we can become competent and not be conscious of the fact. Looking back, was there that time in trading for you, and how long did it last?
__________________
It is not what you know, it is how you think that makes all the difference
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Mar 8, 2010 10:44pm
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Vivere!
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|
|
|
Quote:
Originally Posted by Ryanmcd
The better I get the more I look into understanding how we think because that is truly what has to change,
|
I've had quite a time with this since October. (those in the PF will know about it) Often I read peoples commentary on this forum, my crap included, and know that they haven't a freaking clue. It is not what people expect. The ability to string words together coherently does not mean it makes any sense.
Quote:
|
you can make money off of ANY MA or any simple system, but if your mind screws things up well no system or setup will work.
|
I think it was you who posted a note here a while back about flipping a coin for entry, and if you MM was solid, you'd make money. Everyone should try this.
Quote:
|
The thing that I had to do was not worry about it, to me again that was the hardest thing to get over. Look at eveyone who posts here, they are all winners seems everyone is making millions of $$$$ right? Well that's ego and I bet you they are not and getting up for work tomorrow to try to play the market at a later day. I lose almost daily and I will tell people that, getting over the fact if it's a win or loss = 2 shits, looks at the long run and look to see if what you are doing is solid.
|
You are right - it is hard to get there. I am still working on it. What has changed for me recently is that is if I lose a trade, and I followed my process, it does not seem to bug me. This is new, and I am sure fragile. I bet it would only take a few dumb-ass trades to set me back.
I still look at it as money too much though. Way too much. Something still has not clicked into place.
BTW - I think the longer timeframes may actually breed over trading by its very nature in many people.
__________________
It is not what you know, it is how you think that makes all the difference
|

Mar 8, 2010 10:51pm
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Vivere!
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|
|
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Quote:
Originally Posted by mbqb11
I really hate watching the 5min charts, b/c you have to be glued to your screen.
Mike
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??? And you are not already ???
Who is that guy always ready at the post? A Mike Bot? 
__________________
It is not what you know, it is how you think that makes all the difference
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