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  #59046  
Old Mar 24, 2010 10:09pm
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  #59048  
Old Mar 24, 2010 10:38pm
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  #59049  
Old Mar 24, 2010 10:39pm
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Lol. You made me laugh dan. You do that a lot.

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i knew this post was coming!

I wonder which freaks around here were still holding that buob on the daily.
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  #59050  
Old Mar 24, 2010 11:00pm
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  #59055  
Old Mar 24, 2010 11:25pm
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  #59058  
Old Mar 25, 2010 12:16am
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  #59103  
Old Mar 25, 2010 8:43am
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very nice lovej,

jim

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Another area to be watching...
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  #59104  
Old Mar 25, 2010 8:44am
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welcome dario,

jim

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Originally Posted by dario1002 View Post
Hello guys... just wanted to introduce myself. I am newbie and this system took my attention. Before starting to ask million questions i will go a bit backward and read the other pages.. but i believe soon enough will bother some of u

anyway... wish u all good trade. Probably (but who knows how far stupidity can boost me) having a more careful look @ this thread would have dissuaded me from the short that i took yesterday on usdjpy @ 91.47

Well anyway... have green pips everybody
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  #59106  
Old Mar 25, 2010 8:47am
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your anaysis is fine and there is nothing wrong with being picky.

i know one guy that wont take even the most perfect set up unless there is divergence. he hasnt had a loss in months.

over time you will learn to see things from new angles as your experience grows.

jim

Quote:
Originally Posted by yarin View Post
hi james, i saw all of the setups that u posted in realtime, i took all of them exept the usdchf and the usdjpy.
the usdchf I didnt take b/c the pin look 2small and he didnt penetrate the 1.05 level so i didnt like it...
and the usdjpy - look chart:
-i see sideway market
-first trouble area is too close to the entery point
-is this realy a swing low?
-no BRN
-no div
am i worng with my analysis?
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  #59151  
Old Mar 25, 2010 5:18pm
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Quote:
Originally Posted by benji533 View Post
Yea it is cool to have over 130 different chars in your watch list when you trade only dailies and weeklies. It is much more easier to be picky and still have a reasonable number of opportunities going on.
print it and live it.
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  #59152  
Old Mar 25, 2010 5:24pm
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Closing in on 4000 pages and 60,000 posts.

Hard to believe.

Thanks to all of you, old and new.

Jim
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  #59269  
Old Mar 26, 2010 2:18pm
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i see some new folks around and a big welcome to you. i also see some people wanting to start out on small time frames.

these are for you.

http://www.forexfactory.com/showpost...ostcount=41772

http://www.forexfactory.com/showpost...ostcount=25737

http://www.forexfactory.com/showpost...ostcount=25169

http://www.forexfactory.com/showpost...ostcount=25755

http://www.forexfactory.com/showpost...ostcount=26452
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Last edited by james16, Mar 26, 2010 2:33pm
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  #59276  
Old Mar 26, 2010 2:40pm
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Quote:
Originally Posted by chatzi View Post
Whats wrong with the hourly charts, surley you can take a trade within the space of an hour? I agree that going to 1 min or 5 min requires a bit more practice, but the just trading the daily on its on (picking good setups) is just not going to give you enough trades especially when you are learning, you need the practice, add to this doing it on demo, creates a completely false environment.

Trading hourly and above picking A set-ups risking 0.5% to start, with maybe half your capital will speed your learning 100x than playing daily demo....
well you have my best wishes and i appreciate your time in the thread.

if you accomplish the following you would be the first i would personally know of in 28 years in this business.

1. start out with a small account.

2. start out on intraday and not blow your account.

3. or still be trading the SAME non blown account 10 years later.

wont happen.
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  #59278  
Old Mar 26, 2010 2:43pm
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Default another thought

is there anything wrong with demoing small time frames while your treating YOUR BUSINESS CORRECTLY?

OF COURSE NOT.
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  #59284  
Old Mar 26, 2010 2:59pm
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Quote:
Originally Posted by 4X=0 View Post
You can trade 10,000 units with a 250 deposit with OANDA. Max leverage is 50:1. This is $1 per pip to practice with. Put in $500 from your tax return and learn your lessons. Get a job. Keep practicing.

what the hell is a tax return?
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  #59285  
Old Mar 26, 2010 3:01pm
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Quote:
Originally Posted by chatzi View Post
I think if you go in guns blazing intraday, then you will inevitabley blow out, but taking A setups, small risk, then I don't see the danger, still treat like a business.




News was mentined , but all you do is stayout when news is due.

like ive said before.

the only thing i know for sure is i dont know anything for sure.
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  #59296  
Old Mar 26, 2010 3:36pm
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Quote:
Originally Posted by chatzi View Post
Jim is taking about his experience, I value that all he has given us. Everyone is different though, another trader with 30 years experience might have a different experience, are you telling me that no trader has ever been profitable starting on less than daily timeframe?

If you stick to the rules treat it as a business and keep risk under control then I think its a path that is ok for someone who has understood the material.

The advice though on the first page is still the best for anyone new. I just think there might be room for someone who...
none taken but...

"dyin aint much of a living boy"

josey wales

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  #59298  
Old Mar 26, 2010 3:40pm
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Quote:
Originally Posted by printer69 View Post
Mr James,

I am newbie and started with following your MIN REQ advices from pag1
I liked the way you put that, simple, direct, no short cuts, hard study, many years and many efforts to dedicate to the challenge before understandings if this "business" as you called it works.

When I started trying to understand if trading was soustainable and possible for "non expert people" like me (I am an air traffic controller) anytime I looked at some online courses promising immediate results with no efforts I knew it was the confirmation for me that...
thank you very much.

anyone that does your job certainly knows how to focus on the job at hand.

jim
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  #59302  
Old Mar 26, 2010 3:42pm
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Quote:
Originally Posted by 4X=0 View Post
trade 60 markets at once. when one comes by takes its money and wait for the next one
well said 4x.

4x is saying choose a personal universe of stocks, futures, forex, etc.

trade daily and be ultra picky.
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  #59333  
Old Mar 26, 2010 10:38pm
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hey thanks.

i will remember this.

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Originally Posted by printer69 View Post
James,

by the way I already promised Mike and Nasir and someone else from this thread a dinner in a "trattoria" with roman typical cousine and italian red wine, so if it happen to you to be in Rome someday please just let me know...

Andrea
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  #59334  
Old Mar 26, 2010 10:39pm
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Lol. 4x lives in austin.

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rolling rock.
"33"
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  #59335  
Old Mar 26, 2010 10:41pm
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Thou great one has spoken.







Quote:
Originally Posted by Bemac View Post
Sorry guys but I feel I just have to post this.

Apparently only a few that have questions are actually willing to READ POST #1.
Kudos to MBQ11. You probably have no understanding of how patient and benovolent he is. {He answered my question. How was I to know it had already been asked a dozen times before}
Mike would never say this but I will.
If You think that J16's applications can forward you in this venture, THEN why do you think you don't need to read the PDF's that Other members have taken their valuable time to costruct for...
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  #59336  
Old Mar 26, 2010 10:44pm
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Quote:
Originally Posted by TiaForex View Post
I think the essence of what James is teaching is that you need to give yourself an opportunity to stay in the game long enough to learn the skills required.
exactly. so why cant i just put it like this?

probably the same reason why i couldnt perform mcbeth in front of a crowd like aaron could.
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  #59340  
Old Mar 26, 2010 11:34pm
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i keep monthly and weekly pivots on paper. you bet they are great confluence ingredients.

jim

Quote:
Originally Posted by supermatt View Post
does any one here use monthly pivots, the floor trader variety. I just put some up and seems like it would be a good tool for added confluence, not sure yet still having a look
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