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james16 Chart Thread
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Dec 4, 2009 12:58pm
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Vivere!
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Quote:
Originally Posted by kissfan
sho nuff bemac. Right at 60 miles from my front door to downtown houston. Good to hear from you! Have a great weekend!
K.i.s.s. 
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they call me dr love !!!!!!
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 4, 2009 12:58pm
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Vivere!
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Quote:
Originally Posted by kissfan
sho nuff bemac. Right at 60 miles from my front door to downtown houston. Good to hear from you! Have a great weekend!
K.i.s.s. 
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they call me dr love !!!!!!
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 21, 2009 12:47am
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Vivere!
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Quote:
Originally Posted by supremeChaos
StoragePro,
online
in case u'll be out again for a few months... Happy Holidays 
(if possible, post your pics in Kauai  )
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Damn Internet Spies....
Just had a nice Dinner at the Hanalei Dolphin. Sushi. Yum.
Winding down our trip to Kauai. Nice place, people. Real nice. I can see why FijiTrader lives in a place like this. The mind tends to rest here.
A few pics:
Breakfast at sun up...
The "Jurassic Park" water falls. (only by chopper - private property - we rock.  )
A Shot of the Na Pali coast from the air.
A shot of the Na Pali coast from the Kalalau trail (good lord, I humped my butt today!)
And two shots of the same beach - one from March 2008, and one from this week. Same beach, same spot. Two weeks ago there were 30 and 40 foot rollers hitting this thing straight on. The sand will be back in a few months.
I really do like Kauai. Very laid back and quiet. I am staying in Haena, about a mile and half from 'The End of The Road". Very quiet.
..
__________________
It is not what you know, it is how you think that makes all the difference
Last edited by StoragePro, Dec 21, 2009 1:15am
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Dec 21, 2009 1:04am
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Vivere!
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Quote:
Originally Posted by BullsAndBear
I was just wondering. Ive been watching J16 vids last few hours in the guest area of his website. Is there like unlimited material in the members area. Like do you guys have regular webinars and such?
ty
bulls
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Unlimited?? Well, not "unlimited", but yes, you get it all. MBQB11 does most of the webinars lately, and sorry if I sound like a sycophant, he is pretty good. There are regular webinars and chats, and the forus are very good too.
James has a bunch of webinars up there.
And there is a lot of psych material. You need that more than you know. The mechanics of trading is fairly simply, the stuff in your head is hard, and vast.
The big question you have not asked out right is: "Is it worth it?" Maybe. Spend some time here - trust me on this, there is much to learn right here, then after some months (I waited a year) decide what to do.
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 21, 2009 1:39am
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Vivere!
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Quote:
Originally Posted by supremeChaos
Nyahahaha... 
Thanks!
are those personal pics or internet pics? 
Thanks for sharing!
nice trading (james16 method) + nice place (like Kauai) = living paradise 
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Actually, give me the South of Spain. Nice weather, nice standard of living, and I get to trade TWO market opens in the course of a normal day. <must keep thinking differently>
South of Spain, that is the ticket for me.
Adios!
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 21, 2009 8:19pm
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Vivere!
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I have read some posts lately regarding on Psychology. Interesting
My 3 month absence from this fine group was spawned because of that very thing. I am not blessed with the perfect psychology - and I doubt highly that anyone is. In three short months I've learned a lot - and I am just beginning.
One thing stands out starkly to me now is that there is no such thing as "Trading Psychology" as if it were something different from your day to day self.
Your *personal* Psychology is your Trading Psychology. There is no demarcation between who you are "normally" and who you are in front of a screen. Your personal blind spots and issues will show up in your trading - and kill you.
You cannot be who you think you want to be - you have to be who you are - no matter how you try to be something else.
I will give you a good example of this in action -
Have you ever posted something here (or anywhere) that was not the fair and honest truth? Who were you trying to be?? And who are you really? That causes huge problems - no?
If you do it here (where it is easy to hide behind whatever persona you wish to conjure up), imagine the lies you will tell yourself (also known as not being 100 percent honest) when you close a trade for a loss, but since the market eventually went in your favor, it was 'redeveloped' as a "good trade"?
Yep - your day to day self is what needs work.
Then there are the guys who consistently do well, then throw it all back over the wall with one or two bad trades.
If we use the market as a mirror, then what does that say?
My recent journey was scary, painful, and yet highly gratifying. Some important things were called to my attention, and I hated it, but grabbed hold of the help.
Psychology is a big topic, vast. I am not an expert in it, I am not yet an expert in "me" yet, but I am way, way ahead of the game, compared to 3 months ago.
The best basketball player to ever play, was kicked off his high school basketball team. What changed his life was a coach (a guide) to help him unleash his potential.
Trading, from a mechanical point of view is simplistic. What goes on in your head, and your personal behavior is very hard.
Like I said, I am no Pysch pro, but I thought I'd share some of what I have learned recently.
And it is going to make a huge positive difference.
And that is all I've got to say about that.
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 21, 2009 9:11pm
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Vivere!
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Quote:
Originally Posted by TiaForex
Now go enjoy your vacation!
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Beach posting!
Have Blackberry, will post anyplace! ;-)
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 22, 2009 8:57pm
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Vivere!
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Quote:
Originally Posted by Bemac
Wow Dan, I have to wait to take my best shot at the Next Move... You have already figured out the Next Four...
Save this image & revisit it later.
I'm not suggesting you are wrong but the odds of being correct on all 4 moves must be out there.
Honestly submitted as a constructive opinion.
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LOL - Hey, wouldn't be damn cool if Dan were correct? Dan, you'd have to change your name to "Genie"
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 22, 2009 9:03pm
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Vivere!
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Quote:
Originally Posted by joelcf
But the south of Spain means you have easy access to El Bulli - I feel lucky this year!
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Hey now!!!! Don't be giving away big secrets! (El Bulli is on my list of places to go!)
Spain is the new France, gastronomically speaking...
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 22, 2009 9:17pm
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Vivere!
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Quote:
Originally Posted by joelcf
Psychology is overrated, for me anyways, and I dont even think about it anymore. It just gives me an excuse to overanalyse myself and a bunch of 'soft' subjects/issues, instead of looking at what actually matters - charts, numbers, trades.
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Some people are better inclined in a natural way. Perhaps you are one of the slimmest few. If so - you are a very blessed man.
Quote:
That's what I get for venturing outside things that are quantifiable, examinable and within my realm of expertise (ie, numbers, trades and markets) and into the land of Dr Phil and Mark Douglas.
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LOL. I'm sure Mark Douglas would slap your head for comparing him to that Hillbilly ...
Quote:
Sure, you could argue that you cant 'ignore' psych because it is part of your mental makeup and can affect everything you do, but if I do a pretrade analysis and there are a bunch of 'pro' and very few 'con' entries, then who cares whether I am in a bad mood or whatever.
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I don't know anyone who can calibrate themselves outside of the moment they are in. If you can do this, write a damn book, I'll buy it. That would be magic.
(BTW, psychology is not part of your mental makeup. It is your mental makeup. and is everything you think and do, but that might be too simplistic a description - I am not an expert.)
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 22, 2009 9:20pm
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Vivere!
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Quote:
Originally Posted by Bemac
Hey SP; you just shut tf up and have another jumbo shrimp.  You're on holiday man. There are more important people in your world right now.
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Good point.... BTW - we get on the big bird tomorrow afternoon. 9 hours from Honolulu to Atlanta. Thank God for First Class lay-flat seats. 
__________________
It is not what you know, it is how you think that makes all the difference
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Dec 23, 2009 4:01am
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Vivere!
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Quote:
Originally Posted by joelcf
How zen.
...oh, and my book would be full of swearing, photos of Kate Beckinsale and me wandering off into tangents about things that annoy me. And probably take four hundred pages to get to the actual point.
Then again, Dan Brown and Twilight both sell tens of millions of copies, so maybe people arent that discerning
ps: did you stay at hanalei bay resort? I loved it there. So damn peaceful. And swim-up bars!

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Goodness dude, where does it all come from? You never fail to make me smile.
I am at another place - secret. (Hanalei Colony Resort - sshhhh) Swim up bar you say? Hhhhmmmm... Nope, not here.
Like I said earlier, I am not a psych expert, just learned some valuable things recently. I am, as I have said, an idiot with an Internet connection.
Some of the more meritorious members here have noted that 'issues' we might have will follow us into trading. (Darkstar, Bemac, etc) And will cause us grief. I never thought much of it until recently. But I can see how people can get all wrapped around this axel and forget to live forward and become basket cases.
I'll shut up about it, mostly because I am not looking to mislead folks or damage inadvertently - I really have no idea what I am talking about outside of sharing a personal experience.
Your book sounds great. Coffee table quality fer sure. Even Hugh hefner pulled that off(Bad pun, sorry). Think the Twins might get a chapter?
__________________
It is not what you know, it is how you think that makes all the difference
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Jan 2, 2010 2:56pm
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Vivere!
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Quote:
Originally Posted by Scot Pippin'
2010 I will take my trading to next level by taking a more businesslike approach. I want to devote more energy to journaling and keeping excellent trade records. I want to save before and after screen shots of every trade and then make a journal entry with my trade management plan. I am hoping the journal will help me monitor my emotions while the trade is ongoing and be a constant reminder to focus on trading well. If I consistenly trade well and follow my plan and MM rules then the $$$ will be an afterthought.
I am excited...
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This works. I've done this and it flat out helps. Van Tharp has a lot of good ideas about what could be journaled. Perhaps the toughest part of it is learning how to actually listen to yourself. With all things a little practice goes a long way.
You might notice patterns that emerge - I did with me. There are times where I do not trade as a result of what I have learned about me.
Exits and tinkering. Don't fall into the perfectionist trap. Just make a good journal, and what works best for YOU will become apparent. And it may not be what you think you'd like to be good at. What you see works best may be a poor fit for you, or even impossible for you to do.
Good strategy - keep an open mind about what is going to be revealed and you will do very well.
__________________
It is not what you know, it is how you think that makes all the difference
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Jan 4, 2010 7:25pm
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Vivere!
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GC 4hr double PB
4hr chart today. Double PB played on the exit of an ICCE channel with proper PA and RSI divergence.
I think that there may a little more in this trade... or not. It feels good to be back at it.
There was a nice GU PB today too on the 4hr - but it just took me out at BE.
..
__________________
It is not what you know, it is how you think that makes all the difference
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Jan 4, 2010 7:35pm
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Vivere!
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GJ 4hr.
It is nice when bars come up at easy times to pick them off - this one closed at 8AM, and closed a few hrs later at the bottom of the ICCE. 1R.
I'm playing conservatively for the time being - just getting quick and easy winners under my belt for a while then I will begin to play for the long ball again.... (AKA - get quick to BE and look for a runner on a breakout or bounce....)
.
__________________
It is not what you know, it is how you think that makes all the difference
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Jan 4, 2010 7:51pm
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Vivere!
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Cone of Invisibility?
Was there some kind of special cone of invisibility handed out while I was gone? Lots of invisible people - kind of like Burt going invisible on "Soap" reruns???
To wit:
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__________________
It is not what you know, it is how you think that makes all the difference
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Jan 4, 2010 8:41pm
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Vivere!
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Ah yes - now I recall... Some kind of Romulan cloaking device.... Evil, I am sure.
(PS - did you guys ever take back Celine Dion??? Pretty Please? She caused the banking fiasco....)
Quote:
Originally Posted by Bemac
Been a while since you checked "Your Profile" options Eh,
Oh,
Canada
GO.
{Eh - Oh - Canada - Go!}
{oops. sorry about that. just practicing my Winter Olympics cheer...}
Attachment 386636
I do, occasionally, remove the bandages. 
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__________________
It is not what you know, it is how you think that makes all the difference
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Jan 9, 2010 12:29am
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Vivere!
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Quote:
Originally Posted by mbqb11
ok man some people are going to want to punch me b/c I know my rants are long. But I will post this other one I just made today. This was the patience one I said I put in the PF.
<snipping the good stuff>
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Wow - I've been busy this week and missed this. Nice work.
Without knowing what your (or anyones!) thought process is when they 'lose patience', I will offer this tidbit to everyone from a conversation I had with Fiji. I'll put it as straight as I can, it may be enlightening to a few, it sure as heck was to me.
Consider asking a few people to go out and do something for you, but you do not give them instructions on how to do it. What would the results be?
Now consider asking them to do something for you, giving them good instructions for success, but you constantly change your mind, and in midstream and change the instructions. How would it turn out?
Both situations are pretty crappy ways to do anything, but traders do it all the time.
Many traders either fail to have written and tested instructions to accomplish exploiting an edge (AKA: 'rules') or if they have rules, once they are in a trade they over analyze and then break/change the rules midstream by doing something foolish with their stop or by exiting a trade in a manner not in accord with their rules.
Is this really a lack of patience? It might be in some cases, but it really looks like is a failure or inability to delegate in a business-like manner. And that is stupid. (Ever been worked over by a boss who does this??? Me too.)
In any business (be you an owner or employee), the ability to delegate well is one of the keys to success. In the case of a trader, you are delegating to the market itself to carry out what it will, because your well understood and proven rules tell you that this is how you will make money: by exploiting an inefficiency you clearly see via price action. If you cannot see how you are delegating the work of making you money to the market, tell me this - Just what level of influence do you have over the market???
Maybe looking at the possible reality of the issue being one of delegation may make overcoming the problem of a lack of patience a bit easier. Recognition of the landscape is a big part of winning any battle. It is something to consider, and remember, what works for you, works. Just be honest with yourself, which harder than it looks, but that is a whole other ball of wax you'll have to tackle to have success.
Quote:
Please remember these are just my thoughts and don't take anything personal anyone.
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Mike - I think everyone should be encouraged to take it personal. Perhaps it is better to say: don't get offended, (and I am pretty sure you mean that) but many would be very much benefited if they personalized things like this.
Again, that was some nice work.
Just something I wanted to share.
__________________
It is not what you know, it is how you think that makes all the difference
Last edited by StoragePro, Jan 9, 2010 5:42pm
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Jan 9, 2010 9:57am
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Vivere!
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Quote:
Originally Posted by Bee3a
Yesterday I used priciples of james to trade GBP/USD pair and did it.. 50 pips of profit on demo account .. I'm so happy 
It was a B setup I wasnt picky and perhaps it was beginners' luck but I was reading so much and wanted to try the methods am learning. I'm excited.
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Good for you. No luck required.
__________________
It is not what you know, it is how you think that makes all the difference
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