If you are trading the 5min today around this news you are flat out retarded.

james16 Chart Thread

I will proof it if you like, maybe someone will sell it or teach it for profit lol

james16 Chart Thread

I took 1 trade short @19:00 and lost 2%, We did have a few in the AM but I did not get up until about 10:00am today, not the 1st time playing games late has cost me some money. If I was up on time I would of got long on the PB pullback.

james16 Chart Thread

What system? I just have MA's BB and RSI on a chart, the system is YOU the TRADER. Show me any "System" and I will make money with it.

james16 Chart Thread

If you like to read check out the Bill Williams books, I like his stuff because he has a PHD in psychology and can talk to you how all this "Chaos" works. I think his daughter is running the show now but Bill is a stand up guy and can trade real ...

james16 Chart Thread

I am not sure if this is true or not but out of the 100+ people I have talked with that have tried to trade and failed 95+% of them CT traded. I really think it's just the way humans are and the hardest thing to get over. We keep looking for that ...

james16 Chart Thread

Both of those looks good and here is what is hard to teach. Would I of lost on them, hard to say but I will say if price does not TAKE OFF in my favor and goes sideways I always start to think about killing it off. Also those pullbacks are pretty ...

james16 Chart Thread

Again it's my job, why am I posting at 7:20pm EST when I just got back from the lake? Because I love what I do, why sign up for J16 for 2 months when I was already making money? To learn more and get better and find other way to do things. Also FX ...

james16 Chart Thread

Saved up a lot, lived in the cheepest apartment I could find and eat cheep foods.

james16 Chart Thread

Okay whatever works for you Just dont post my 5min suck 6 months from now.

james16 Chart Thread

If you have been doing this a while you should be okay, yes everyone is different but I am a HUGE fan of not risking more then 2% of my account what I am trading. Why do you need more? If 30-50k is not enough per day you have some bad habbits, if ...

james16 Chart Thread

Well you must be better then me, took me 7 years to make my 1st million and lost the 1st 3-4 trading and reading 14hr days fulltime w/o a job.

james16 Chart Thread

3-6 months before you blow out your account. Maybe sooner if you get a bad run and go tilt.

james16 Chart Thread

Nice job my 1 trade was the 2nd arrow and made my +20 2% on the day. Remember you should have a goal and once you get it stop, you will have days where the 1st one is a loser the goal is whatever you set it, for me it's 2% a day once that is ...

james16 Chart Thread

I was talking about the the 5-6% as not being safe, as was as taking a so call "PB" when it was not. People rush into stuff way to fast, it fails for them in a few days and it's on to the next system, I spent about 3 years before I started to get ...

james16 Chart Thread

I dont use fib's I think most of that stuff is just BS but to each there own. Please don't hack up what I posted here is how I would of traded it.

james16 Chart Thread

You got it

james16 Chart Thread

You made me do. — Well I said I would not be back but I also said I NEVER want to see someone blow up and trading 5% that will happen. I blew out 3 account that way. When doing something new I trade with AS LITTLE AS I CAN, if I trade with ...

james16 Chart Thread

I am not going to post anymore charts or anything about this 5min. If you do not get it you can not trade and need to go back to something else that works for you. I make a living doing this so I know it works but you can not just look at it and TRY ...

james16 Chart Thread

Also you had 2 PB's for longs in the past 2 hours, BB = flat = CT. Nice rsi divergence as well. Will post in PM, going out for the day.

james16 Chart Thread