this one is more a QTs... looks pretty, new players love it, but it will send you broke if you dont know how to play it

james16 Chart Thread

EURCAD — i swear, sometimes the market just likes to tease me. image

james16 Chart Thread

After about two minutes, I can safely say that only a handful of people in that thread have any idea what they are talking about - and the rest is a whole bunch of people misinterpreting things they have read/overheard, twisting basic concepts to ...

james16 Chart Thread

The divergence you have highlighted isnt actually divergence, and doesnt really mean what you think it does. If anything, it just confirms what price already did - made lower lows, then reversed back up to hit the area it is in now. You should ...

james16 Chart Thread

Finding out who the major market makers are is easy. Not that know it helps much, though. Getting their orderflow information is also easy. You can either get a job trading on a forex desk of a big insto, or you can start your own hedge fund and put ...

james16 Chart Thread

That is what makes them so damn fun

james16 Chart Thread

Welcome to the world of trading illiquid instruments - high spreads, huge variance, unpredictable craziness. I skip the exotics, too much of a headache - especially the scandinavians, who arent going to have any kind of spectacular asian or african ...

james16 Chart Thread

Congrats on making your way through the wilderness and into the light Most people use the %R system, which means you stake a certain percentage of your account on each trade - less than 2%. StoreagePro uses 1%, and is consistently profitable ...

james16 Chart Thread

It can for me: 2

james16 Chart Thread

I think you are vastly overestimating the amount of thought that goes into a chump trade I'd probably limit it to .. followed by 'press buttan on internets for making moneys!' ------------------- At least you know exactly where this one is going ...

james16 Chart Thread

agreed. that should be the default for 'im new, how did I pa?!' (Its now also preserved in my vault of awesomeness' notebook, so that even a nuclear war cant erase it)

james16 Chart Thread

Hey there, not at home, so I cant send through the spreadsheet, but you will be able to find all the working in the book I referenced in the original post. joel.

james16 Chart Thread

I'm not quite sure what you mean, but from your graph it *looks* like you want to find the biggest 'dip' - ie, each time your account hits a peak, how far it falls below that peak before you move to another high? Grabbing the max difference is easy, ...

james16 Chart Thread

Agreed. I reread the series every couple of years, and it gets better each time. The reissue of this book, The Crash of 2008 and what it means: The new Paradigm is even better, since you get a new section with George talking about how he screwed up ...

james16 Chart Thread

I generally dont use their charting too much - I pass the data through to ninjatrader and use that for charting/trading, but it isnt too bad. You could definitely trade from it and be happy. It's a step above the rubbish that most brokers give you, ...

james16 Chart Thread

I trade LSE stocks sometimes - mostly the big financial and insurance houses. I get the feed through my broker (interactivebrokers), it costs me GBP5 for a non-professional investor. Those are standard data fees, so it shouldnt cost you any more ...

james16 Chart Thread

If you liked Black Swan, give Myth of the Rational Market a try. In the same vein, but imo far better. I just finished it and really enjoyed it.

james16 Chart Thread

Resolution. — I propose renaming the thread to 'james 16 - start at p1, stop trading the 5m chart... and no, we dont have an EA for you'

james16 Chart Thread

the more lines you have on your chart, the more chance you have of being 'right' when one of them gets hit. Geez, dont you know how to sell a trading system?!

james16 Chart Thread

ah, okay, no worries. In that case, your understanding was completely correct. Basically, my other poorly explained point was that you should probably try and avoid having a long and a short position in any currency, unless you are doing it on ...

james16 Chart Thread