You can trade gold and other metals / energies in MCX exchange. It's open from morning 10 to night 11.30. you cannot trade in comex from india unless you work for a prop trading firm. you also cannot send money outside india for margin trading, you ...

Trading in India

Hi Mike, I understand that you don't look at fundamentals and so does James and thats how he teaches it and sure enough you have become consistent with this method and its application. My point was that its the fundamentals that break a technical ...

james16 Chart Thread

Hey Mike & Others, I understand you are trying to keep things simple here. But if you think that newbies can just come in here and learn the to trade technicals with out following or understanding fundamentals , then i think they are going to be in ...

james16 Chart Thread

baccarat, In my opinion , PB was not good. Should have had a longer nose. But my suggestion would be to not trade against the trend. We must wait for the reversal. Both fundamentals and technicals should confirm the reversals, only then PB with a ...

james16 Chart Thread

you hit a Weekly PPZ @ 153.30. Zoom out and look at the weekly. It is very dangerous to trade on lower TF, not that you can't trade it, but it takes a lot , i mean a lot of patience and discipline to trade lower TF and a lot harder because of the ...

james16 Chart Thread

Hey Mike, About that EURNZD pair, I m seeing a Key reversal bar(open on top and close below in a up trend). It has a previous highs at the 1.71000 Area and also showing MACD Div. Is this reversal setup valid or is something wrong with my broker ...

james16 Chart Thread

Hey Mike, Most of the time , i get these great PA at great location , but the FTA is just around the corner. The FTA is so near that you either Break even or take a loss. My question is after you get a great setup(Great location + Nice PA bar), do ...

james16 Chart Thread

Str8, What Mike has said is very sensible and practical. I don't like this kelly criterion , because it increases my risk. We know that every next trade has a probability of 50%, imagine if i risk 20% or 20%, what if i lose? Now i am down 20-30%. My ...

james16 Chart Thread

R/R ratio has nothing to do with the probability of the next trade. Why do you link them? All i am saying is that every next trade you are going to take has a probability of 50%, like flipping a coin. About R/R. The best you can do is only control ...

james16 Chart Thread

I usually don't post, but when i see posts like these , it simply shocks me. probability wise, THERE IS ALWAYS 50-50 CHANCE. There is no such thing as 80% or 90% or any thing near to 100%. No matter how good the setup is ,the best probability a ...

james16 Chart Thread

Hi Viktor, Futures brokers don't use MT4. They will provide their own proprietary trading and charting platform in most cases. you can only trade CFDs with Mt4 brokers. Also note that MT4 is not designed for the centralized Exchange markets , only ...

james16 Chart Thread

Update: my CHFJPY trade is going good and locked in some profits. Its a free trade now... Did anyone get this setup on CADCHF weekly?

james16 Chart Thread

Entered a little late on chfjpy. But i am BE now....

james16 Chart Thread

Hey Mike, Any update on the new James16 site?. Is James still trading or has he moved on to something new? Also, i m looking for some charts/videos on stock/indices intraday trading. I have one video of James talking about intraday trading the Mini ...

james16 Chart Thread

Good question Myo, Way i see it, there are only 3 possibilities. 1. trade intraday futures 2. trade currency options 3. Take the loss(disaster) if anyone has any other possibility , kindly share.

Why do Newbies Lose?

Everyone opens a trade and expect to hit the target. But then you cannot control the target ..right. So what can you control once you open a trade? we could discuss what is right and wrong. I m not here to debate on any topic. All i m saying is risk ...

Why do Newbies Lose?

My stab at this. Remember , every next trade has only 50% chance of winning no matter what strategy you use. It could be j16, breakout..etc. Most people some how think that just because a pin bar worked last time , it will work this time also. Hence ...

Why do Newbies Lose?

Guys, I just noticed something. Do not confuse Market Profile chart with volume profile chart. The Market profile chart has TPO's printed on it and volume ,this is the correct way to view and understand market profile. Volume profile is one showing ...

Auction Market Theory and Market Profile

So Mike, What can we expect in the new site? More videos. More new material?.

james16 Chart Thread

Guys , Tell me this is a good setup. 1. Round No - 94.50 2. Previous resistance. 3. Nice shape and close of PB. 4. Swing high. 5. Overbought on oscillators Will wait for break...

james16 Chart Thread