Thanks KISS, good advice, im definatley moving to BE, and taking profit at first area of S/R.

james16 Chart Thread

Great results so far, really excellent. Make sure you have an exit stategy and lock in those profits when you can. The charts though look a bit full, but with results like those then you are fine.

james16 Chart Thread

Great rule, im only in forex (im a wean compared to you in trading 6 months) and keep my % at 2-3% at any one time. Kept me in long enough (6 months) to find the real golden threads in here, and J16 PF.

What lengths have you taken in trading

I had a trade this week where I was up 110 pips had a trailing stop of 100. I finished with 17 pips. I hate this, it was a good trade, but im going to start taking profit at the first destination (last few lows or highs). Price usually gets to it ...

james16 Chart Thread

Simple yet powerful and importantly profitable. Thanks from saving us all from indicator hell.

james16 Chart Thread

I hear this figure bandied about all the time but I think its a generalisation.

What lengths have you taken in trading

I wish I was trading back in the day, when I was single with no kids, renting a small flat. I would have cut my outgoings to as low as possible as Im not a big spender., and injected everything into my account.

What lengths have you taken in trading

I agree, pay of your mortgage and have at least 1 year to live off. Otherwise you will quickly get to the point where each trade is a matter of losing you house or not. Your will end up losing it all. I am contractor so can take months off will have ...

What lengths have you taken in trading

Simpletrader made a great point about showing a chart then in hindsight describing the patterns/set-ups etc. and how you can trade it. I've seen many "gurus" do this and newbies in awe at all the set-ups and resultant pips could be made. Try it in ...

Naked S/R intent trading

Well its till during a major session, it seems to die completely around USA close till Asian open. Im sure looking at all the majors I would get a few trades?

The System II (Yes with irony)

Great thread here, still reading through it, thanks to Feb for this and System I. I have a question, I will only be able to trade the system for the last 3 hours of New York session (Im in the UK). Is this enough time to make some trades with this ...

The System II (Yes with irony)

Has SupremeChaos posted since some of us (guilty), complained about his colourful text? Hope he hasnt taken it personally. Apologies SC dont stop posting altogether.

james16 Chart Thread

I would have, however Im at work and still don't have a method of closing trades. Might move to oanda as a broker.

Jacko's Forex House of Pleasure and Pain

Out for a very small profit.

Jacko's Forex House of Pleasure and Pain

I have a trailing stop, its in profit now. So you would rather keep a larger stoploss and lose even more, ummmmm?

Jacko's Forex House of Pleasure and Pain

no worries mate. I missed that entry also.

Jacko's Forex House of Pleasure and Pain

Just saying there is no place for hope, the whole point of this thread is buy on pull backs of the trend, looking for patterns that might happen is a waste of time. Its a double bottom at the moment. I dont get your last bit about everyone waiting ...

Jacko's Forex House of Pleasure and Pain

Stop loss at BE now (-2 pips). So a free trade now, dont care if it goes back down to BE, i just love being in this position of no risk trade, before news. Given Europe and Asia is taking most of the usa car industry for buttons, the dollaar dont ...

Jacko's Forex House of Pleasure and Pain

Depends on the timeframe, if you trade monthly you are taking a lot less trades than 5 min. IF you make 6 trades a day and are profitable for a year then I think you have an edge.

How long did it take to become consistently profitable?

Agree again. I kinda half mentioned it before, its a free forum though, but I also skip your posts its noise to me. A lot of stating obvious and j16 clichés.

james16 Chart Thread