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Jimmy Jones replied Dec 31, 2008What was the momentum telling you? Also that was quite a move down, after the coral/t3 cross on 1m. Price never keeps going and going in 1 direction, always seems to try and correct itself after and extended move in 1 direction. Best to wait for a ...
THV system, final edition
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Jimmy Jones replied Dec 30, 2008The further from the t3/coral cross the riskier the trade imo.
THV system, final edition
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Jimmy Jones replied Dec 29, 2008SeerEye, Your 1 hour chart looks just like mine. I'm riding the intermediate break down, still in and looking to hold as a break of the main trend line was fairly strong. +76 atm. Will be nice when I get comfortable enough to double up so I can ...
THV system, final edition
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Jimmy Jones replied Dec 26, 2008I by no means meant to imply that skill development was not necessary to success. What I meant was that no matter how much time was spent on skill development, no matter how proficient one became at technical analysis, money management, risk ...
The DIBS Method... No Free Lunch continues
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Jimmy Jones replied Dec 24, 2008I would vote but there is no option for 'lost my shirt'


So how much are you making?
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Jimmy Jones replied Dec 23, 2008That will be my focus for this next trading year. I believe it will be different for every trader based on the goals they have laid out for what they want to accomplish with trading.
Fear and Hope
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Fear and Hope
Started Dec 22, 2008|Rookie Talk|2 replies
Read a great thesis on position sizing tonight. The author quoted someone who talked about ...
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Jimmy Jones replied Dec 22, 2008When I enter a trade and get a rush I immediately exit the position and step back. Has not happened in a few weeks now but when it does I know I have taken a gamble rather than entered a position with the least amount of risk possible and a higher ...
A system that works? Please!
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Jimmy Jones replied Dec 22, 2008I'll stay glued to my screen, thanks for trying to help though. If being successful was as easy as getting a good programmer to create an ea and then letting it run, there would be no market to trade in. Of course I am new to this game and perhaps I ...
The DIBS Method... No Free Lunch continues
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Jimmy Jones replied Dec 22, 2008Interesting how you point out that not all DIBS are good entry triggers, but then state you trade with an EA. Discretion is what makes any system profitable or not. If no discretion based on knowledge is used when trading this system, of course it's ...
The DIBS Method... No Free Lunch continues
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Jimmy Jones replied Dec 21, 2008Life altering is a good way to describe it. Do I love it? Not yet, more towards the other end of the spectrum, but I have a feeling that has to do with the move out of a fast paced semi high profile software job to being reduced to a stay at home ...
The DIBS Method... No Free Lunch continues
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Jimmy Jones replied Dec 21, 2008I'm hoping if this occurs I could at the very least be able to read it, even if I don't have the credentials to post...
The DIBS Method... No Free Lunch continues
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Jimmy Jones replied Dec 21, 2008That was a good read. This IB thing was not working out that well for me until I stopped treating IB's like an entry trigger, and started treating it more like an alert of a possible low(er) risk opportunity to jump on the trend. I have started ...
The DIBS Method... No Free Lunch continues
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Jimmy Jones replied Dec 19, 2008Momentum can help filter out some trades also. If the price action is lazy while crossing the coral its a good indication to me that there is really no momentum for a large enough move to justify the risk.
THV system, final edition
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Jimmy Jones replied Dec 18, 2008Nobody who really makes money is going to answer this so the world knows. Those who don't but want you to think they do are the only ones who will vote. When someone posts how much they make (or worth), there's a great indicator available that will ...
So how much are you making?
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Jimmy Jones replied Dec 18, 2008Of all of the things I have done to try and get better at trading, spending 2 months trading nothing but price action (no indis) on 1 and 5 min charts has helped me the most, much more than anything else. When I see an IB setup forming on 30 min, I ...
Inside Bar Trading
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Jimmy Jones replied Dec 16, 2008I'm calling it a night, not a whole lot in the way of opportunities right now.
Inside Bar Trading
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Jimmy Jones replied Dec 16, 2008If your just wanting to run mt4 than VMware will be perfect for you. If you do go that route go with xp, as vista is too much of a memory hog to justify using it if your running inside vmware. If your wanting to run a bunch of other windows programs ...
Mac OSX Trading Platform
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Jimmy Jones replied Dec 16, 2008So it's a good possibility no IB trades will be taken today if pairs go into reversal (taking into account the 89 rule)?
Inside Bar Trading
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Jimmy Jones replied Dec 13, 2008Just spent the last few days reading through this thread. I saw it back in June but did not read through it as I got caught up reading FTI's thread. Sorry I missed this one until now. I probably would not have understood then though, and I am sure ...
No Free Lunch but all the Free Coffee you can drink