That is true if you are new, I have been doing this 11 years and full-time right at 5 years. Again I think most people are new and not doing this fulltime and like the 4hr because they can "Work" why they learn the market. Time to go back to avid ...

james16 Chart Thread

I bet if someone did some backtesting you would find them about the same on the 4hr / daily win rate about the same as the 5min charts. A big IF is if the person doing the trading knows how to read a chart. All I see the 4hr / daily doing is giving ...

james16 Chart Thread

True and I try to keep away from news, but most trades are about 15-20min so my risk is low as far as time in the market. I got hammered in sept 2001 and traded longer times back then so it can happen both ways.

james16 Chart Thread

Yes and I think that is why a lot of people miss the boat. I have a spread sheet that I can put in "units" and trade with Oanda so it's the same 2% risk if I my goal is 10 pips or 100 pips. So lets do the math #1 $800,000 account size, with a 2% ...

james16 Chart Thread

It's all how you play it too, I have had 30+ winners in a row. I really did not want to get into a what is better I just wanted to see if anyone else is doing 5min trades or not.

james16 Chart Thread

If you trade the same risk % per trade don't see how a trade that lasts a few days can make more then a trade that lasts a few min. Just wanted to see if anyone else can do the 5min stuff or less but it seems most are stuck on the 4hr / daily / ...

james16 Chart Thread

Anyone else play the 5min - 30min stuff? I would think after 2-3 years of this thread someone else would be able to trade a shorter time frame.

james16 Chart Thread

Days like today are good for quick scalp trades, dont want to hold over the weekend Easy stuff, look for the RSI divergence to line up on the 1min and 5min chart use the 5min to enter off of PA such as a PB. The good trades will have a divergence ...

james16 Chart Thread

This one did fail but I think a lot of people ignore the trend on PB's. From the past you get lots of PB's that work when the move is sideways, when it's in a trend like this try to find a way to get into the trade WITH the trend on a pullback or a ...

james16 Chart Thread

You may look into taking profits are support / resistance area's. If you look to get in on S/R why not take some profits at that level too.

james16 Chart Thread

100's of ways to make money, 1000's of way's to lose it. Also remember it all works and none of it works, depends who's looking at it. I trade from the 4hr down to the 1min just depends on how I feel that day. After 10 years of doing this nothing ...

james16 Chart Thread

2 Trades on the 4hr — Skipped the eur/cad. Got short on the cad/jpy @ 104.782, took 1/2 at 1:1, stop @ cost target for other 1/2 @ 103.60

james16 Chart Thread

PB's kinda slow as of late? — I only cought 3 trades last week and they all won just seems like it's a lot slower then the norm. Anyone else seeing the same thing? This is on the 4hr time.

james16 Chart Thread

use divergence and it makes this stuff easy.

james16 Chart Thread

That is why I tell people I am just lucky, I do not try to point out why it works anymore, I did for the 1st few years now I just say it's luck. Same with my brother, he plays poker for a living and for the past 11 years he's just been really lucky ...

james16 Chart Thread

Learn pinbars, make money, do what you want in life.

James16 Group vs Van Tharp

I think someone made a EA in the past, I would say just take the time to learn what works and what does not. If you try to trade the market off a system you have a very good chance of failure, maybe not this week or in 3 months but the market will ...

james16 Chart Thread

It's funny after all of these years of trading you keep seeing people fail on the same stuff over and over and they keep talking themself out of the good trades then they get mad when they miss it and take a crap trade. Do you homework so when the ...

james16 Chart Thread

I got long on this one, look at the daily support and you will see why.

james16 Chart Thread

I am still around, not really trading the macd anymore just trading pure price action with no indicators Been doing well still on the 4hr. I think once you look at this stuff enough you know where the macd is as well as all the other stuff. I ...

4 Hour Strategy (MACD)