I see it more as a triangle to be honest. Clockwork

james16 Chart Thread

A little patience. — Alright, we are about 85 posts in total on this thread and a few things have started to materialize. None of this surprises me, but I thought I would address them, and why this thread is going to be a lot different than ...

Silent Service Method

For what it's worth..... My opinion on this pair is that it is to be ignored until it decides what it wants to do at 1.30. !.30 to me looks like a "center line" on the entire chart. (Weekly, monthly, whatever.) In a sense, you could say it's a short ...

james16 Chart Thread

You should read this book — Here is a link to one of the greatest trading books of all time. If you haven't read it - please do. There are so many timeless lessons in it..... Reminiscences Of A Stock Operator url You can download it from ...

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Yes, exactly. I am a painting and drywall contractor by profession. Maybe that's why this clicked for me early.....it's similar if you think about it. You paint one wall at a time.....methodically, never skip around.....just over and over...... Then ...

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Still using our 4 hour EUR/CHF example, I can show you three good reasons to take a trade from this area. We haven't even gotten to the price action part, but you can see that there are "logical" areas to look for trades.....

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I really cannot stress this enough. As we grow and develop in our trading careers, we begin to see that we are lead into this thinking all the wrong things. It's all a "get-rich quick scheme". That attitude is exactly what just got the entire world ...

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Yeah...the election is over. Flav lost. So did America. Clockwork

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Yeah, it's funny how it's always the "sure things" that blow up in your face. Just goes to show that there is no "sure thing." But come on!!!! A surprise interest rate cut? Damn Swiss! Clockwork

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add 1.25 and 1.40 and you should be about where I would be......of course that was a quick glance.....gotta ton of things to attend to at the moment! Clockwork

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I trade stocks through Interactive Brokers, so I have the ability to trade the ASX. I have to admit that Bloomberg taught me about this bank a little. (Bloomberg has a 24 hour financial news channel here in the States.) Clockwork

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Easy, I didn't have any trades. I closed my EUR/JPY short thursday night. Clockwork

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What he is saying is that if he wins 3 dollars on half his trades, but losses are only $1.....he comes out ahead. (this is true, in theory.) As far as a change in percentages relating to capital, I don't understand what changes either, it's all the ...

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Accept your fate. — When a sub fires a torpedo, it has done several things. The crew have figured out such things as distance, trajectory of the target, and what evasive actions will be available in case of a miss. Your trading should be the ...

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I like this post. A lot. Clockwork

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You are taking a trade on a minor area, that's why it's only obvious on daily, and not weekly. This trade is a grade "B" trade for me.....not horrible, but not my favorite kind. However, you are with the overall trend, and that's what will probably ...

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Odd, I have never had someone tell me they we only calm while in a trade. Normally it's the other way around. To be honest, I think you should read what you wrote several times, and ask yourself some serious questions. I know that if I lost 10% on ...

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Like S/R lines, I feel the only ones that truly matter are on the weekly chart. It needs to be dead obvious as well. You are right, I don't focus as much on trend lines. I do actually, but that comes in a bit...... I would say that your daily lines ...

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Jigsaw brings up some really valid points here. Forex is not a way to make a living unless you have serious bank behind you. If you make 3% a month, which is pretty decent..... A 100,000 USD account only makes you 3,000 USD a month to live on. Oh, ...

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Some charts in 2 time frames. — Below are three charts. One is the weekly EUR/CHF and two are 4 hour ones. All have notes attached to them. This post is more about perspective.....and seeing the bigger picture. Check these out, I think they ...

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