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  #58532  
Old Mar 17, 2010 11:42pm
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Quote:
Originally Posted by bapxyz View Post

I have been rich and I have been poor. Rich is much better....Louis Armstrong.
So - THAT is who originally said that....


Quote:
I may be slow now, but remember I was once the fastest sperm in the school.
You sir, are the KING. (I will never forget this...)
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  #58534  
Old Mar 17, 2010 11:53pm
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Originally Posted by Bemac View Post
Kudos to Mike & Jim Jarroo & all the others BUT;
"Some" of you appear to be glomming onto someone else to 'Call The Shot'.

I totally appreciate the "Nurturing...
Ain't it the truth. Ain't it the truth.

Funny happened to me today. I went to ParacletesXP in Raeford, NC. Indoor skydiving, with my son of 12 and his buddy Schuyler.

115 MPH wind rushing up throw the floor, and I've NEVER done anything like it, sooooo....

First a 15 minute 'class' on hand signals and positioning.


Standing in the door - chin up, and step in to the breeze.....

30 seconds or so of help from the instructor, bouncing around a little, got stable, and

he let go of me....


OMFG


Dude - I was FLYING. And doing it real well. The last thing the guy told me was that going in was humbling getting in there, so in I went to take a beating in front of my son and is friend... but holy guacamole, I was flying!!!

The point is, I had to do it to do it. I bounce around a little, but I remembered the basic rules, and then just paid attention to the air.

And as proud of the fact that i survived without a face plant into the glass, you ought a see THAT dude fly. Wow.


(BTW - I heartily recommend the experience. Fun as all get out!)
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  #58536  
Old Mar 18, 2010 12:01am
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Originally Posted by supremeChaos View Post
Today? wow. awesome
how young are u Sir?
Just the tender age of 47

Quote:
i think there are some 60-80y.o. who still do it. (outdoor skydiving)
Thanks for the comparison... Now I'm going to have to come to your home and lay a wrinkle on you...


Quote:
havent tried that, but love to . in fact, a few times before, i thought of doing that (outdoor skydiving) as a birthday present.
Those that tried it, love it. I won't. But that is just me....
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  #58587  
Old Mar 18, 2010 9:55am
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jump, jump, jump !!!!

I am sitting on the freaking Tarmac in Atlanta waiting for a damn gate to clear. Every airline sucks friends. 40 minutes so far. The airlines are in serious need of regulation. They cannot handle it themselves.



Quote:
Originally Posted by jarroo View Post
Also the plum line shows a PPZ level on the 4 hour chart which we would be heading into after the break. Very good chance this will cause a reaction, be it a stall or reversal. Our 1st target, previous bar Low, is a 4 hour PPZ level but not a Daily PPZ. There sure is a lot near traffic on this one.
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  #58589  
Old Mar 18, 2010 9:57am
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Originally Posted by GotPips View Post
What do guys suggest to those who dont have access to their charts during the day?
I had last week off and was able to stare at my monitor the whole day and see PA happen. However, recently there hasnt been much in terms of PA on daily/weekly.

How do people manage this problem?

You cannot trade if you cannot see your charts.

Stick with the dailies
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  #58591  
Old Mar 18, 2010 10:09am
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Originally Posted by mbqb11 View Post
I think those who are starting on the daily/weekly as per james need to watch more charts. Commodities, futures, equities, more forex pairs(don't fear those exotics :P ).

Nothing wrong with watching the lower timeframes if you have the time, chart time is always good. But keep your J16 minimum requirements demo on its own.

Just my thoughts of course
Mike

Peso, anyone?
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  #58601  
Old Mar 18, 2010 10:35am
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Originally Posted by mbqb11 View Post
nope, no they won't LOL


Nothing but love, nothing but love.

And perhaps a taco ...
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  #58922  
Old Mar 23, 2010 1:40pm
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Quote:
Originally Posted by relict07 View Post
Question

I watched all of James's video from the free part of the PF and it seems that he doesn't like to lose more than 30-50 pips a trade. So do you all usually keep your stops static within a certain range?

I started thinking about it after I recognized that the really A+ Pin Bars are sometimes longer than 100 pips especially in the daily charts and +.

Thanks Ahead
A large part of that observation stems from trading a large account. If you have a 50K account, 2% is $1,000. If you have a 5 Million dollar account, 2% is $100,000. That simple dynamic would give anyone pause during a draw down. You can say all you want that it is 'just 2%', but - try it.

You are entering the age-old quest of increasing rewards without increasing risk. Very tough to do. In fact, I'll propose to you that it may not be possible.

Look at taking a PB with a different kind of entry - perhaps an entry of a fib level retrace. This will increase the value of your Reward, but your Risk moves up with it.

So, going back to your original question, is it reasonable to set a different SL level rather than the full bar? Sure, but you assume more risk in doing so. It all comes down to tolerances and what *works* for you.
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  #59044  
Old Mar 24, 2010 9:14pm
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Originally Posted by joelcf View Post
Proper studies have put the number somewhere between 55% and 75% - with different estimates depending on markets, instruments and the definition of 'trader' (day traders vs swing traders, etc).

I was once considering it for a thesis subject, this isnt just stuff in my head for no reason - swear

Got any old links laying around? Love to see this.

There is such a body of folklore out here....
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  #59395  
Old Mar 28, 2010 12:55am
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You are asking the right questions. And askin them thoughtfully.

Consider the answer this way -

When learning to read, the text was simple "See Dick run" stuff. By the endof first grade you actually hadthe tools to 'read' Moby Dick.

You did not do that though, that window opened slowly - if ever.

Same thing with higher v slower timeframes. Learn your bAsics on the higher and build some neural pathways before you try to tackle he lower.

Your rate of learning will be largely propotional to the degree of cocentration you can muster up.

Enjoy he ride and take advantage of the time.

Quote:
Originally Posted by triggerju View Post
Ok, please can I ask this: I totally get the idea of longer imefrmes meaning the pressure is off, we don't have to watch screens all day. I understand Jim has to cater for people who hve never seen a chart ever in thier life right though to people who have studied aready for a decade and now see the simplicity of J16 method.

So.... going back to the higher/lower timeframe debate: are you saying that without dubt, in your 28 years of experience, in every chart, in every market, in every way, that higher timeframe setups (DHLC, pinbars, inside...
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  #59485  
Old Mar 29, 2010 4:59pm
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Originally Posted by Nawry View Post
Another valuable lesson for me.. It's almost tenth time i cancel order that worked out ONLY because of opinion of other members. Absolutely i'm not complaining that others told me: be careful, and they were wrong, no, they weren't, i'm grateful for that and looking forward for more advices but i need to remember that it is up to me if i decide to take the trade, no one here will decide or do it for me. This is a little frustrating, but do you know what would be more frustrating? if someone here told me to take the trade and it failed. But then it...

Hey Nawry - the ONLY way you will learn this game is to trade them as you see them. In the end, it will not matter who says what, the only way to gain market wisdom is the apply the knowledge that you've gained. Knowledge without personal application is merely philosophy. Knowledge applied is wisdom.

Do what works for you, and drop the rest. Only time and practice will reveal what that mix is for you.
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  #59571  
Old Mar 30, 2010 1:25pm
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Quote:
Originally Posted by joelcf View Post

Agreed. The whole 'trading author' scene seems pretty close knit (or inbred, depending on how nice you want to be) and it just turns into a big self-reinforcing spiral. One guy says something, another one quotes him, then a third guy quotes the second, and pretty soon the entire basis for the argument is lost, and it becomes the next 'cut your losers, let your winners run' or 'trade 2%'.
I'll let everyone in on a secret.... but don't share it with anyone. Becoming an 'expert' is easy.

Get published. It really is NOT hard. The first step is to become a 'technical editor', or an accuracy/fact editor. Once you've done a few of these, you'll likely get asked to write a book, or part of one.

Once your name is on a book, you are an expert. Trust me.

I've participated in this mosh-pit in the distant past, (technology based, not trading) and let me tell you, being introduced as "the author of..." is as good of a instant credibility creator I've ever seen... And PT Barnum was right.

Today, a way in is to begin to write a blog, or a bunch of thoughtful or provocative posts in a large forum. The ability to seemingly 'make sense' is an art, because content is NOT king, but easy to understand and interesting writing is. Hence, some of us here will be (if not already) approached to write someplace. And then you are an expert again....

Anyhoo - the best never wins. If it did, McDonald's would not be the biggest and baddest burger chain in the world. It is all in the presentation.

(Shucks - I'll never get this five minutes back...)
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