Relevant Quote — Here is one I thought was great for what is trying to be taught here: In the beginner’s mind there are many possibilities, in the expert’s mind there are few. - Shunryu Suzuki

james16 Chart Thread

Best of luck — Best of luck Jim.

james16 Chart Thread

Psych for Adi — Hey Adi, Van Tharp's Super trader has a great first section on it for self work, there is a lot of work to do. I can help you out with an e-copy, PM me. Other books I liked were All three of Brett Steenbargers books, ...

james16 Chart Thread

Example that Jim asked for — Here is one I liked image

james16 Chart Thread

Why 100K needed? — If you use a broker with flexible position sizing you dont need to have a 100K account to trade daily bars and still trade with proper risk. If you have a 5K USD account and you want to risk 1% then you want your position ...

james16 Chart Thread

Info on 10 important tasks — The article was originally published in the MTA Journal in the winter of 1992/1993. If this is violating any link posting rules or anything I apologize and will take it down. Anyways I think this is great: url

james16 Chart Thread

GBP/CHF — Hey guys curious what you think. Here is the GBP/CHF. To me if it closes within the left eye then it looks good pin bar a break of the 1.5200 and low of the pin would give an entry. First area of trouble looks to be the 1.51 level. I ...

james16 Chart Thread

Right on Ipso I will def let you know how things go. I am actually identifying short term trends on the one hour then stalking them on the 5 min TF with and MA methodology I got on this forum with an exit and position sizing strategy that I created ...

Kaufman's Efficiency Ratio Indi Needed

Hey Ipso, Thanks so much for the indicator it was just what I was looking for. My idea is nothing to complicated. I am trading a trend following system using an MA methodology. The idea with the Kaufman Ratio is that I could use it to identify the ...

Kaufman's Efficiency Ratio Indi Needed

Thanks I appreciate the advice and will give it a look!

Kaufman's Efficiency Ratio Indi Needed

Well said

Trading Psychology is BS

There can be advantages to using an EA but can you tell me how you plan to create an EA system completely bias free?

Trading Psychology is BS

Craig, you say you would shut off the system, and then what would be making your decisions? You would, your mind, your thoughts, your decisions. You cannot make a decision with out being influenced by your personal psychology. It is possible that ...

Trading Psychology is BS

Psychology=Most Important Part — It is for most people common knowledge that trading is made up of three major pillars. The most important is your own personal psychology. The next most important is Position Sizing also known as Money ...

Trading Psychology is BS

S/R levels — If you are interested in learning further about trading with pivot points, then I strongly suggest that you look into John Person's work. I trade with a Pivot Point strategy and can attest to their help in picking out probable ...

Support & Resistance Level (help needed)

hmmm — Does anyone here know what caused the large candle during 12:00 GMT(+2) on many of the majors. I am supposing it was the BoE inflation reports but I do not follow the news besides knowing what important reports are coming out. So if ...

4 Hour Strategy (MACD)