I don't understand why you would short there unless you're going for 50-80 pips... better be nimble.

james16 Chart Thread

Heh yep. You could literally throw a dart at a dartboard and hit a bullish stock. That's how easy it was to make money... those days will be back though -- in about 30 years. That's about how long people's memories are and there will be a fresh new ...

james16 Chart Thread

That's actually quite normal for successful traders. I've heard of stories of guys living in their cars... just to be successful at trading. Jim isn't BS'ing you when he says that... I know I've spent a lot of money in education as well... I almost ...

james16 Chart Thread

Yah Santa... I've been REAL good... Whatcha' got in that bag big boy?

james16 Chart Thread

Mmm... pips. Tasty... now ya just messin' with my feelings...

james16 Chart Thread

Wanna trade short-term? (Of course you do.) Go look at 1H charts on the majors. Go pick a few yen cross pairs while you're at it. What do you see?

james16 Chart Thread

That's actually how many mistakes I used to make as a beginning trader. You don't want that list. Maybe I will make a more condensed version.

james16 Chart Thread

No. Don't get wrapped up in, "Well wait, this chart shows a pin, oh no, this 4H shows a BUOB... OH CRAP, there's a head and shoulders on 1H..." You will be doing that all day. Pick a timeframe, look for confluence from higher timeframes, and trade ...

james16 Chart Thread

After US lunch... Here in about 45 minutes... Actually, I have enough positions on... I'm selling dollar and buying AUDJPY at the moment.

james16 Chart Thread

He had you at the wine, right? He's such a sneaky bastard.

james16 Chart Thread

I can handle that... plenty of wine always does the trick. I'd have to bring some good stuff from Livermore here in the Bay Area... can you take food items across border to Canuckland?

james16 Chart Thread

I actually would. And I would target a fib/confluence area right up there near resistance... I think from there it'll continue down...you need to be a little nimble with the 4H bars however.

james16 Chart Thread

raczek — Hey raczek... gimme some of your pips... .... or else...

james16 Chart Thread

I don't know about everyone else, but this pretty much ruined my whole damn day right here... url

james16 Chart Thread

Are you being sarcastic? I certainly hope so, otherwise you're ruining my rep...

james16 Chart Thread

Why do you think you've lost the chance to make 200 pips? You didn't expect a pullback after a quick move like that? Late Asia pushed all of those pairs up quickly last night -- you need to expect some sort of pullback going into US. This happens ...

james16 Chart Thread

While that pin may not be valid from the way Jim teaches, you should still play it. Reason being that playing price action formations isn't necessarily about making sure that a pin's eye is exactly where it needs to be, or a BUOB closes X amount of ...

james16 Chart Thread

Hey man... you're going overboard.

james16 Chart Thread

God I hate IBs...

james16 Chart Thread

Depends... are you an intraday trader?

james16 Chart Thread