I would also like to say that whether or not you want to, or agree with, system trading, if you try it you will have an INVALUABLE learning experience. I personally like to use discretion when trading price action setups but I had a stint of several ...

Trading for living only using daily charts or higher...

I would like to comment on this because I think a lot of us have this mentality. If you wake up and see your account is positive, take a minute to sit quietly and think rationally. You need to focus on the fundamental thing that your position is now ...

Trading for living only using daily charts or higher...

round up of other charts. I'll just post a few other setups i noticed and if anyone is interested they can check them out themselves. us indices showing pins - i particularly like the one on the russ 2k. usd/cad - double bottom (to the pip on my ...

james16 Chart Thread

aud/eur. another i4b - this one has trend line support just below along with the 38 fib of the entire move up. and just above we have a key s/r pivot. i'm tempted to play a break of either here.

james16 Chart Thread

i've seen a lot of talk around here about an overpriced and overbought australian dollar but so far no real fall. but i do see an i4b on the daily...beware of strong support around 0.8230

james16 Chart Thread

sugar, london no.5 pin off 61 fib after swing low.

james16 Chart Thread

This is certainly possible but it depends on how much you need to make a living and that in turn requires how much you would need to fund your account with. If you need £2,000 per month to make a living and you think you can return 5% a week on ...

Trading for living only using daily charts or higher...

percentages do not tell the full story though because it is much easier to make a higher percentage return on a smaller account. i actually increased my account by over 75% in 15 minutes this week but if you could see the actual return in pounds it ...

Can I make 40% per month consistently

the i4b setup on usd/jpy i warned of last week just made it into the latest james16 video! i quote jim: "we got a beautiful inside bar which, when i saw that i was like ok, here we go" now all i have to do is take 'em. LOL

james16 Chart Thread

Aha! 5 people including me in this now... It starts on May7th. It's a nice small start. Tom

Competition

This is shafting me...badly

NZD - A disaster waiting to happen

Hello - iivb, thanks for signing up. I will authorise you as soon as I get home...I haven't checked my email for a few nights... smileslee - weekly screenshots are fine. Tom

Competition

saltdania, thank you. you have managed to both allay my sense of anticipation and make me feel incredibly depressed now i see i am around 45 pips down... tom

james16 Chart Thread

i'm short from 0.7366. there was a dbhlc on the daily on my charts so i entered on the break of that. i don't have much experience with this pair but it jumps five pips at a time with my broker which makes me a little nervous... at any rate, i am at ...

james16 Chart Thread

unfortunately hoss - they went in the watch list but i never acted on them. as pathetic as this may sound - after i read seeking's criticism of them, i was too nervous to take them. that's not to blame seeking - it was just his opinion. i guess the ...

james16 Chart Thread

update on charts posted last night: aud/cad: +9 gbp/jpy: +9 usd/jpy: +71 gbp/usd: +89 (all figures taken from entry point and incl. spread) p.s. there was a lot more on offer during the day, particularly in the first two pairs - these are just the ...

james16 Chart Thread

this is going to come off, hard.

james16 Chart Thread

not sure i agree with this...maybe that would be the case if you were trend trading but what about if you expect a continuation of this recent move down...then this would be a perfect setup - an attempt to resume the trend up stalls at the 50 and ...

james16 Chart Thread

Surely an opinon based on fundamentals is best acted upon when corresponding price action can be found?

NZD - A disaster waiting to happen

oh go on then - one more, since i've been quiet for a while... gbp/usd pin off 61 fib level and sitting just above the weekly pivot point.

james16 Chart Thread