Be a nice cable now, and make a pretty pin bar for us.

james16 Chart Thread

Problem: switching timeframes. It happened again. NZD just got stopped out after having a 60 pip profit at one time. I was holding for the big, month long move (the Jacko syndrome). Solution: forget the huge moves. Learn a system that fits my ...

Transition from Losing to Winning

Problem: I seem to always want to trade against the trend. Although there may be many opportunities there, I still have a bias of some sort that makes me want to go against the obvious. Solution: run through a checklist before every trade. If going ...

Transition from Losing to Winning

Micro Mini Me said that when he enters a trade, he considers the money gone, this helps him control emotions during a trade. This made me consider the way I think about the money. Problem: I tend to think of the money in my account as not really ...

Transition from Losing to Winning

Problem: I get up in the morning with a clear head, anxious to get to work. I look at my charts, identify the best prospect for a trade, whether this takes 5 minutes or 5 hours, then usually just jump in for lack of a better opportunity. Solution: ...

Transition from Losing to Winning

Problem: I still trade pretty much the way I did a year ago, right after I took my first course and dove in. I knew the basics then, and know quite a bit more now, but I do not use what I know. Therefore, something else is in the way, which for now ...

Transition from Losing to Winning

Too many people claim it's psychology. I took psychology courses in college and they never once mentioned trading. It's like learning to fly. The first few times you get into that aircraft, you're going to be nervous. There are a lot of things vying ...

Transition from Losing to Winning

My resolution is too low I guess. I can read parts of it with a big magnifying glass!

iandekoker's 5 profit target trades

Good morning, pipshark. good job on the trade. One thing, I don't know about the others, but I can't read a thing on your chart attachment. Maybe select less area to copy? Rob

iandekoker's 5 profit target trades

Sorry, ST, I don't see it. What you're describing would be way too much order and logic, and the market mostly doesn't have that, especially for the duration of a long trend. There's no question that what you're describing happens, but along with ...

Much of What You Know About 4X is Wrong!

That's a part of my problem, but I'm the opposite. Trading isn't really hard. But it's harder than I estimate it to be. I have this mindset that I can just look over a chart for awhile and push the button. After a few winning days, I don't want to ...

james16 Chart Thread

That I can accept. I am much too anxious to get a trade on. I do try to take only "A" trades but don't know enough to recognize one in front of me. I always believe that the trade could work out, but also know there will always be losing trades. ...

james16 Chart Thread

I think they're saying don't try to predict direction. If you have a directional bias, you're liable to hold a loser too long or fail to take profits when the market is saying to. But, if you're a trend trader, it will be harder not to have a bias. ...

Much of What You Know About 4X is Wrong!

MMM: I just ran across this little tidbit in "High Probability Trading Setups" by Laurence A. Connors and Linda Bradford Raschke, and thought you might like it: "Your biggest enemy in trading is going to be a directional bias, an opinion about ...

Much of What You Know About 4X is Wrong!

I guess I will argue after all. How the hell will you have a sound mindset about trading if you don't know how to trade? And you know you don't know.

james16 Chart Thread

Alright, guys, timeout. Not going to argue about my mental state before, during or after trading. I'm here to learn P/A. And that does NOT STAND FOR "POSITIVE AFFIRMATIONS".

james16 Chart Thread

Thanks, R. At the same time, if you don't know how to trade, being optimistic just makes you more dangerous. No amount of psychology will teach one how to trade properly. I need to learn to trade. The rest will all work out just fine.

james16 Chart Thread

None whatsoever! I'm still consistently losing after a year of full-time trading, so my posts are usually a little dry, if not terse. In other words, I'm usually having a bad day. The next year will be better.

james16 Chart Thread

I'm sorry if I antagonized you, wiz. Yes, I'm asking for an opinion. I did say "respectfully" and didn't use a lot of caps in my reply (YELLING). And if I read your first sentence correctly, how am I to know what James teaches in the PF, I am not ...

james16 Chart Thread

I have to respectfully refer you to page 21, posts 305 and 307 where James says "it's go time". Since I read that, I've noticed more than a few of those "piercing noses", and I'll always take note of them from here on out. Also, if you put fibs on ...

james16 Chart Thread