I don't think all the sh** has hit the fan yet, for people to fully know the consequences. Look at how many 20 and 30 years olds in the USA still live off credit cards and have below $0 networth and start having families. This in the blatent face of ...

Silent Service Method

I am almost wondering if the stock market isn't moving up, in future expections of the Republicans sweeping in November and then the tax cuts being extendd. And then if the tax cuts are let to expire, the stock market will crash back down to a Dow ...

Silent Service Method

Never said "I was smart enough" or someone "has to be smart enough". It is pretty simple, you don't pay into the system, you don't get a say in how the money is spent. We are at a tipping point. And the BS needs to end. A family with 2 parents and 3 ...

Silent Service Method

Great post. The Tea Party may not be prefect, but they are by far the best thing going politically in the USA, and probably the last resort to saving this country. I notice in Jefferson's quote, he refers to the USA as a "Republic" which it was when ...

Silent Service Method

EURUSD — My first trade in 2 weeks. Took the EURUSD Daily BUOB on 9/28/2010. The BUOB was played as a continuation due to the strong break through 1.35. I got in small on the break of the BUOB, but expected a retrace to get in more. There was ...

T.J.'s Trades

Yea, my roommate goes to Brazil for a month every winter for Carnival. Sounds like paradise on earth. If you have $1,000,000, in Brazil you would be a king, and the life is beyond anything you can find in the USA. We work so hard, killing ourselves, ...

Silent Service Method

I might be too cautious still, but I only took one trade, and saw two others I regret not taking. Really slow month. Of course the first two weeks were still summer chop and slop.

james16 Chart Thread

EURGBP — Good call Ghous. Also, on the Daily EURGPB, there was a 2 day pin bar, off the .8500 level and MACD divergence. I actually had a short order on this pair on the break of the 2 day pin bar, but with Friday's low volume day, I pulled ...

Trading "The Constrictor"

Agreed, PB typed this earlier and I had to google it and read up on it. One more trick up my sleve (if I am quick enough to catch it). Here is another one, that I had read about years ago, but could not remember why the chart looked familiar. The ...

james16 Chart Thread

Two off the wall questions... — I have two off the wall questions, which don't relate directly to James16. The members of this thread are some of the best people I have found on the net, so I wanted to bring these questions here to see if I ...

james16 Chart Thread

Normally I miss out on these things. But this time the BRN was hit during a slow time of day, so I am in! Congrads on 5,000 pages everyone! Thank you James16 and everyone else!

james16 Chart Thread

I'm not an IB expert at all. Dan Gilbert has done a lot of back testing on them, he would be better to answer. Personally on this trade I am taking the long break on the IB itself. Oh hell, I checked and got the highs backwards in my previous ...

james16 Chart Thread

The USDCAD still looks too choppy for me. A decent looking bar off of the 1.0300 level, but it is still in a lot of traffic and no real trend direction. Bearish pin at a swing low. I am most interested in the EURUSD daily IB off the 1.3000 level. I ...

james16 Chart Thread

My first trade in 6 weeks. It was a pretty choppy August, and I didn't see any set-ups that I liked. It now looks like the volatility is back, and I greatly appreciate this fact. I saw the Daily BUOB on the GBPJPY, but the close was not at the top, ...

T.J.'s Trades

I'm kicking my own ass over not getting on the GBPJPY. I saw the set-up right before I went to bed last night, and said to myself "must be BOJ intervention, wild spreads, and can they keep figthing this unbelievable JPY strength". Just look at the ...

james16 Chart Thread

Good catch. I didn't trade it based on the Daily due to the weak close. I did watch the smaller time frames for a bounce off 1.55, and I got in on a 5 minute chart. I risked 20 pips and ended up making 25 pips. I thought I did fine, until I looked a ...

Trading "The Constrictor"

I was thinking about this one, and for right now I am passing on it as a Daily Trade. The 1.300 number looms right above the daily high. I will keep and eye on it, and see if there is an entry in the same direction on the 1 and 4 hour charts.

james16 Chart Thread

These are CFD's, they are not actual Future Contracts. They were recently banned in the USA, so the govt. could interfer more in our lives and tell us how to invest our own money. Welcome to HOPE and CHANGE, LOL. So, if you want so many options to ...

james16 Chart Thread

I have read Think & Grow Rich 3 times. I will have to look for "The Secret of Ages". I don't know if I will ever be able to trade successfully, I know I will not stop trying to do so. I think I am pretty close. But I do know, that if I learn to ...

MW's trading journal

Mike, GREAT to see you back, looking forward to your posts. When you said you would be out the week after Labor Day, I thought "why in the world would he be off this week, the markets might just take off". LOL, looks like you knew better on that ...

MW's trading journal