I am not going to waste my time with a lot of the BS that was posted but here are a few answers. 1. I play PA, PB's and such stuff I picked up on J16 site to add to what I already did. If you remember when I 1st joined he sent out a letter to ...

james16 Chart Thread

I get up around 8-8:30 est, watch the charts until about 2:00ish. It really depends on what the market is doing, the past several days it has been moving a lot more then it was for months, you just have to go with the flow. If you can trade you ...

james16 Chart Thread

As others like Mike can say, I went to the James16 stuff and other methods to trade a longer time like 4hr daily or whatever, It was not for me. I hate holding overnight and I really don't want to sit in a trade for 3 days waiting on 2% 15-30min is ...

james16 Chart Thread

Not if you used a 20 point stop, I almost got into that one but wanted to see it hold up on the middle of the BB. Better to get in once it start to sell off a little then to rush it and lose, don't put the cart before the horse.

james16 Chart Thread

haha nice one, I was in that with ya. I only got 20 but who cares 2% is 2%. The bounce off the MA or Middle BB is GOLD. Go back over some of the older charts and watch what happens when the BB and MA show a trend and it hit's that middle BB for a ...

james16 Chart Thread

Also on that chart the trend was down, should never take a long unless you like to lose.

james16 Chart Thread

You get immune to it, I lose 20k on a trade if it's wrong and it's no biggie it's just a numbers game. My brother is a pro poker player and is down 60-80k at times, no biggie if you do it long enough you know you are going to win. If you still freak ...

james16 Chart Thread

I like to see a move that shows me it's going to stick with the trend, if it's a PB, or a engulfing bar or a spike, just something. If I don't get it I may still take it but I like to have something else on my side with the trend. Check out the down ...

james16 Chart Thread

I took the 1st arrow and was down for the day +2% and it took 1 hour. All the other arrows are trades I watched but did not take because I made what I needed too but if I missed the 8:30 I would off been in them. Also what bar are you talking about? ...

james16 Chart Thread

You gotta be aware of the time frame you're trading in. When the weekly gets over-extended in its trend, it sets up a tradeable countertrend move on the daily. When the daily gets overextended, it sets up a tradeable ct move in the hourly/30 min. ...

james16 Chart Thread

Easy stuff — I know this is too gump for most of ya but it's just that easy. There are many hereabouts who either do not know how to recognize a trend, or refuse to recognize a trend but most folks would rather have other folks think they are ...

james16 Chart Thread

I love 1 hour work days, just a FYI I went to 20 /20 for stop and profit target because of the bigger moves. PB @ 8:15 EST short made my day, Again trend = down = too easy = People like to be a hero and catch a CT trade but lose lots of money being ...

james16 Chart Thread

wow great post and you put a lot of time into this. Also about the trade thing I just wanted to see what others are doing if they trade the short term stuff, the only problem I have had with posting live is sometimes you get tied to a trade when you ...

james16 Chart Thread

More good posts! I printed out 7 years of 3min charts from the S&P e-mini with just BB and RSI and read them all and took all the trades on paper before I got it down

james16 Chart Thread

Mike hit the nail on the head, how many times have you played poker, had the winning hand and the last card screwed ya? I know I have had this happen to many times but I had to go with it because the odds are right. It's more a feeling then anything ...

james16 Chart Thread

Good post and so true, I think 99% of the people that come to the market have no clue. They think they can look at the chart and ring a few 100k out in a few months, that's just not true. Once you get this down can you make 100k a month, sure it's ...

james16 Chart Thread

I started on the 3min chart, I did have a few mentors on the way that are old pro's and that took about 10 years off the curve. They showed up after I lost my 50k lol Also I started in 1999 with real money.

james16 Chart Thread

Good posts here, I will say that if you are new to this trades the LEAST amount of money that you can, I started with 3min charts and was trading the full S&P so you can see how I lost 50k just getting started. If you throw in $100 and try to grow ...

james16 Chart Thread

True it's whatever works, I may get sick of the 5min and go back to the daily but right now I am having fun, will I be burned out of the 5min in 6months whoknows. Also I have traded the 1min as well and still made the 10 pips a day If you can ...

james16 Chart Thread

Today as I see it — Great day today, if you took the trend trade it was good for well over +10 If you shorted on anything over the 30min you lost some money and need to learn what a trend is.

james16 Chart Thread