Why do we think that? (not saying you are wrong or right. just trying to drill down to your reasoning - this has come up a few times, and its an interesting discussion) Is $1300 a 'BRN' in relation to gold - ie, will price 'respect' the level? If ...

james16 Chart Thread

Welcome Great resistance at an all time high? Hm.

james16 Chart Thread

Margin accounts and tight stops

james16 Chart Thread

Anyone thinking about expanding into equities should be looking at large, liquid stocks - not thinly traded microcaps (which LCRD only just sneaks into, it's practically a nanocap). 52k turnover on a $4 stock? When *I* can do the average daily ...

james16 Chart Thread

How many orders would you leave sitting there for five years? I daresay my positions would have been converted to booze, cars or women by then You'll find stops clustered under pretty much every significant low, just cause its a sensible place to ...

james16 Chart Thread

I'd be cautious about putting too much stock in magic numbers. There could be huge orders anywhere and everywhere Everytime you hit a new low, you are going to get people fading that low. Its pretty standard. But the fact that you are making a ...

james16 Chart Thread

Or, if they keep speaking to you, a good tax accountant

james16 Chart Thread

Wait til you see his videos on Goss Bars, Jaro-style hard breaks and Mick breakout trades. Totally original stuff. Sounds like a pretty productive week - congrats Kruger looks amazing. Cant wait to go! *EDIT* Damnit. Now I am going to have to ...

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I think it was actually from Boockvar, one of my favourite Ron Paul clones. It's pretty much down his standard Nero-esque line. And it wasnt designed to. People who say that they 'failed' because they didnt reverse a price trend are looking at a ...

james16 Chart Thread

Exactly. If your house sets on fire, you dont just stand there and let it burn to the ground; you pick up a bucket and try and slow down the flames as much as you can until help arrives. Might as well try and minimise the current and future damage ...

james16 Chart Thread

Whatever you were reading is way off the mark. It doesnt even make sense. So, by that definition, the SNB wasted all that money. Strangely, given the current state of the Swiss economy and the recovery since they started trying to arrest the slide, ...

james16 Chart Thread

I assume Dr Einstein then followed up this statement by discussing the differences between sterilized and unsterilized intervention. I suspect someone is missing the point here.

james16 Chart Thread

Much like in Law & Order, your stop has two seperate but equally important purposes: 1) Keep a trade open while a setup remains viable 2) Close a failed trade for a minimum loss Your goal is to balance the two - give your setup the right amount of ...

james16 Chart Thread

Ha. Misplaced arrogance and insomnia are easily acquired by anyone If we all agreed on everything, none of us would make any progress. As you said, if even one person reads a post and re-examines the way they approach something, it's time well ...

james16 Chart Thread

They might not have a dollar sign in front of them, but they are all effectively monetary goals. To argue otherwise is splitting hairs. Stating z pips or y% is the same as a dollar goal, given standard money management (x%) and a given account size. ...

james16 Chart Thread

Three of your four examples are monetary. And if there are no trades that week, you dont hit your 'goal' and automatically fail? Or do you force bad trades to try and hit your arbitary goal?

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It's an interesting question, and not a straightforward one. Credit spreads are tightening, fears about both corporate and sovereign default are receding (although Europe is still iffy), and you have alot of good news stories of late (I daresay ...

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From what I understand, CFDs are illegal in the States because they are basically gambling products, which Americans seem strangely restrictive about (and I never really understood, since the people all seem pretty into it). Should they be illegal? ...

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Why do we think that central banks arent part of the 'genuine market'?

james16 Chart Thread

Amen brother.

james16 Chart Thread