I swear, everyone starting out should be forced to read over Ben's progress from square 1. Its like a 'How To' manual. Good to see you back.

james16 Chart Thread

I'm not going to listen to people with more experience and skill than me, even if they are profitable and I'm not. I'm not going to follow sound risk management processes like every professional trader, despite there being a firm, quantitative basis ...

james16 Chart Thread

I'd suggest the fed discount rate movement has alot more to do with that than us

james16 Chart Thread

Contests like that reward high risk behaviour because only the top 25ish people get paid, and the time horizon is only a month. If you are in 26th spot with enough time for one more trade, expected value demands that you risk 100% of your account on ...

james16 Chart Thread

hm. Seems I inadvertantly managed to kick a hornet's nest. The 'touch trades' line wasn't meant as a 'this doesn't belong in this thread!' - conversely, if you think there is nothing to learn from someone trading pure PPZ reactions and confluence, ...

james16 Chart Thread

Exactly. And when a thread which is promoted to new traders as 'this is how to stop losing money and start learning to trade' moves away from those basic, high quality 'dirt simple folks' trades.... well, when you are teaching your kid to swim, you ...

james16 Chart Thread

This thread has gone from solid, evidence based reasoning with disciplined entries and management to 'there's a ppz so I'll buy if we get near it' justified as touch trading* to straight out 'lol it mite go up!' guessing. That's some bearish PA on ...

james16 Chart Thread

I dont see anything 'reverse' about that bar (apart from it being the reverse of what you want to see ). I see a regular pinbar, pointing to a bullish move. A rubbish one that I wouldnt trade, but anyhoo. I wouldnt exactly call it a confluent ...

james16 Chart Thread

Not the biggest pin or the best location, but as long as you know where it is heading, you should be able to grab a few bucks with very little risk... I'd wait for a break of that ppz first though, and be aware of possible support around the 7850ish ...

james16 Chart Thread

things that make you go hmm. — image image image

james16 Chart Thread

I swear, its a neck-and-neck race between Rac and Bemac for the coveted Most Cryptic But Clearly Knows His Stuff award. I'm gonna assume Dow hitting 1000.

james16 Chart Thread

I'm a longtime happy IB customer. I generally only trade futures and equities through them - keep in mind that for forex, they have a minimum order size of 25k USD (and other random minimums for other currencies, like 35k AUD or 3m JPY) and leverage ...

james16 Chart Thread

I dont even see this as an A grade trade, to be honest. The main problem I have is that nose of the bar is barely protruding the noise around it. You really want price to stretch out and bash into something and be rejected (Mike uses the example of ...

james16 Chart Thread

lol, love the rumour mill. Unnamed sources from unnamed banks making competing claims, every one of them with vested interests. You can see why retail newstraders get wiped out within like six minutes of opening an account. time to thank jim for ...

james16 Chart Thread

add a couple hundred pips and cut the retrace by half and I'd definitely agree. As is, it just seems a bit girlish - the move was only 250 pips, and then it got slammed back down. Net benefit of 80 pips, in a quiet session? My little sister can do ...

james16 Chart Thread

It's all idle speculation, but personally, my thoughts (in order) would be a) It was someone big playing some games and raking in some cash. You know there are a stack of orders pooled there, you know they are going to have tight stops in case the ...

james16 Chart Thread

You assume that they *actually* intervened

james16 Chart Thread

Soon - just gotta work out a financing deal with Jim where he covers the FCC fines for swearing (and possibly televised nudity on friday nights). I dont have the account size to cover it Nah, they just pass on market prices with a markup. The ...

james16 Chart Thread

lol, you arent alone. where the hell did that spike come from? The thing is, you have so many people buying francs at the moment, especially over the last few months - no european wants to be in euros atm, they want something safe that wont implode ...

james16 Chart Thread

That isnt really how things work. More buyers coming in will be hitting the ask, and the ask is going to be higher than the bid... driving prices up if they cant be filled at that level. If this triggers a short entry from a big player, then it is ...

james16 Chart Thread