GBPJPY 15m — Another fun 15m trade. Mmmm, pips.

james16 Chart Thread

Be happy you made a profit.

james16 Chart Thread

GBPUSD 15m — For those traders who have been doing this awhile and know how London/Frankfurt reacts, you can always find some fun trades in established ranges off of the Asia market... especially right now when Tokyo starts dumping orders... I ...

james16 Chart Thread

Don't worry about the news. It never goes where you think it's going to go anyway and all it does is make you second guess everything. Trade what you see. Period.

james16 Chart Thread

That's not technically a descending triangle. What actually formed yesterday was a diamond pattern which typically signals a continuation when it's where it's at right now... today was just a break out of that diamond with a pullback back to the ...

james16 Chart Thread

Clockwork, ya ole dirty bastard, how ya doing... Hey, I got a new shirt you'd love... flava flav wearing a viking helmet right on the front with a big ole watch and it says, "You know what time it is!" Hell yeah son.

james16 Chart Thread

Hehe thanks. You guys are a riot...

james16 Chart Thread

Exactly. While it has been shown repeatedly that people who have a lot of money are not happier, it sure doesn't hurt. Let's put it this way -- every person that I know who makes good money, and owns a very nice house, drives two or three nice cars ...

james16 Chart Thread

You're going to make me cry if you keep talking like that. You don't really want to see the Trend cry, do you?

james16 Chart Thread

Yeah. But for most traders it takes a lot of pain (losing money)... at least it did for me. I still make mistakes to this day. I just don't have all those newbie issues that you have for the first five years of trading. But I still have patience ...

james16 Chart Thread

You play it textbook. There's no other way to play it, unless you see a pinbar off of a right shoulder that's forming, but even in that case, you better be ready to pull the plug if it stalls at the neckline.

james16 Chart Thread

Yes. You want to take trades based off of a good probability of success. So you want to look for PA setups that occur at solid areas of S&R or trendlines. More times than not, if you take a PA formation that's in a bunch of mess then your odds are ...

james16 Chart Thread

I would say that location is actually the most important thing.

james16 Chart Thread

I skipped it. I don't like all the traffic.

james16 Chart Thread

Hey Steve... best of luck to you. I hope you still have a good year as we roll into December... that's what really matters... month to month, year to year... just hang in there.

Steviet's Live Trades!

Typically, 25-28% MaxDD is acceptable. Some people can handle more... some can handle less. But that number is what almost everyone should be comfortable with if they're a client and they plan on being realistic... Regarding annual returns, 20-30% ...

Annual Returns

...and you should decide your rules of entering and exiting trades, etc... I would recommend Tradestation. Very good platform. Been around forever. I would recommend InteractiveBrokers or MB Trading. Good plan. I wish you the best.

Time it takes to be a Successful Forex trader

There's nothing wrong with day trading a daily bar. Just another way to trade.

james16 Chart Thread

Interesting how people see differently. There's no way I'd touch that pin right now. I bet we see a stall around 9630 and then watch it do what EURJPY did last week...

james16 Chart Thread