That one is more of an effect than a cause. Just an amusing one. But yeah, fragile is an understatement at the moment. Do you ever sleep?!

james16 Chart Thread

Easy. Regardless though, hilarious. Someone is getting their ass kicked. url image image

james16 Chart Thread

If I had that many lines on my chart, I bet price would hit a couple of them too

james16 Chart Thread

Your main problem there is that you are very rarely going to know why the setup failed, if ever. What you are describing isnt even a mistake in my book, you played it perfectly by not taking a trade that didnt meet your criteria

james16 Chart Thread

If by 'live', you mean wade into the pit with a bunch of slips... then no. If you mean trading futures with actual money, then yes I trade futures, rather than cfds over futures, so slightly different. Higher margin, but less getting shafted on ...

james16 Chart Thread

That's because all the volume is either superfunds rebalancing their index portfolios, or babyboomer retirees with a commsec account (paying $29.95 a side commission!) who 'day trade' the tips they got from aussiestockreport. NYSE, NASD and LSE are ...

james16 Chart Thread

The only concerns I have is that it is a strong move down, but the size of the pin balances with that pretty well. You are trading into a round number and a fair amount of traffic too, but you seem to have the potential trouble areas mapped out ...

james16 Chart Thread

the more important question is what do YOU think? And why?

james16 Chart Thread

Well played, sir. Well played.

james16 Chart Thread

Seriously? I see 4.4 on Oanda, and even tighter elsewhere. *edit* remoted into my home account, and I see 4.4 on MTB and around 2 pips on IB. I used IBFX for ages and they always seemed competetive. Have they gone downhill, or was I just getting ...

james16 Chart Thread

There isnt really divergence there, unless you ignore all of the nearest points. Given your MACD is set to 12/26/9, taking divergence from like a hundred bars back is pretty meaningless. Look at the nearest end - price moved up steeply, MACD moved ...

james16 Chart Thread

I'll buy them on a dip

james16 Chart Thread

Consider me called out and taken to task Agreed. Anyone who thinks that they can distill a complex and critical topic like trading/exits/psych/MM/etc with a single, pithy quote is fooling themselves. Myself included. So, instead of being a ...

james16 Chart Thread

They study psychology because their psychology means they are too scared to examine anything other than psychology! I think my brain just exploded. Stick around and help me justify my NBG speculative play, lol image

james16 Chart Thread

I'd probably argue that we werent trading the same system/method, in that case If we were, we would have the same entry and same exit. What you call psychology, I just call a trading approach. You take the trade with the aim of letting it play ...

james16 Chart Thread

Wanna go halves in setting up a brokerage?

james16 Chart Thread

lol, I didnt think it was a question, I thought he was making a point about the chart. Oops.

james16 Chart Thread

awesome stuff Ben. lol, not from me. If it dont have numbers, I aint interested. Personally, I think many people use 'psychology' as an excuse because their methodology is failing to make money. It's much easier to talk about (and write books about) ...

james16 Chart Thread

one of the benefits of working from home. and drawbacks of working til midnight

james16 Chart Thread

absolutely - patterns within patterns within patterns A really tight stop setup can be to enter with your stop just behind the last swing high or the one before (penultimate swing high?) on a lower timeframe, or to enter/reenter on retrace to a ...

james16 Chart Thread