Just close your account. To be honest, it's your only choice of recourse. There are plenty of bucket shops out there, don't stick with just one.

Huge slippage Thursday morning on EURUSD??

It's simple, trading the news is for suckers. I read somewhere that the first target was 12 pips! Put it in perspective. 12 pips out of a price of something like 1.5800 So you are aiming for 12 out of a possible 15,800 pips. (Assuming value of EURO ...

Huge slippage Thursday morning on EURUSD??

I believe tdion was also looking at adding in certain points. (Maybe every 250 pips for example.) If you did it that way, once the cashing out of the positions came, it could be a huge payday...... I think it all comes down to how you go about it. ...

Silly Trader... When will you learn that fundamentals are the only way to trade?

Big Steve - Don't worry about this month, there has been a lot of bad juju out there. I have to admit, I am profitable this month, but at half of what I normally do. I seriously think it's only because I didn't have a lot of time to look at charts. ...

Steviet's Live Trades!

My advice is trade longer-term. In fact, I recommend this to everyone. However, think about this: Even if you were there.....could you stop news from stopping you out anyways? All you can do is play probabilities. Beyond that, your job is done. ...

Work fulltime during main trading hours ?

Yes, I did. I think you are certainly asking the right questions. AND....thinking your way through it. Too many people focus only on the rewards, and not the trading. Which....of course, offers only losses in the end. Clockwork

Any pin will do?

Simple, there are various places that serve as PPZ's on a chart. I just aim for the next one. Or, if it's a potentially juicy pinbar, I will trail behind by two days. Might as well let it run as far as it can is my thinking. Clockwork

Any pin will do?

I would highly encourage you to keep looking into it. It certainly cannot hurt you, especially if you are using demo accounts. (You should if you are just starting out.) Besides, there is always the possibility that you notice something that suits ...

Any pin will do?

Responses in bold/blue again.... Paul - Take the Price Action, and make it your own. There are some things I do that James does not, and vice versa. In fact, he is the first one to tell you that his stuff can and should be used to better other ...

Any pin will do?

I saw this post, and thought I would comment on it. I am a senior member at J16, and as such, am intimately familiar with pinbars. My responses are in bold/blue. I hope this was helpful, as I was trying to be. I do wish you all the best of luck, and ...

Any pin will do?

I cannot remember a time when I have even remotely agreed with tdion. However, there is always a first, and I believe this is it. What he is saying is that this is a long-term, LOW LEVERAGED trade. For example, If his account is 5,000 USD - these ...

Silly Trader... When will you learn that fundamentals are the only way to trade?

While I cannot comment on the validity of this strategy, the above statement shows that you have certainly done your homework. As such, I would say this system could work. I agree with Mr. Trend, the profitable systems are almost always simple. This ...

Geico strategy---so simple a caveman can do it!

There is a point that I would like to bring up here. There ARE more barrels of oil in Colorado than Saudi Arabia. (Someone help me with this....it's a little reported "report" that the US Congress ignores every year.) Either way, who cares? If they ...

America's status in 2058

I AM a senior member, and have to agree with this post 110%. If nothing else, your stops should have been set at break even. (Although that would be worst case scenario.) Certainly, some profits should have been taken in. Live and learn. Clockwork

james16 Chart Thread

another route is to use daily charts.

whats good for late night trading??

Truthfully, I would say Soultrader summed it up pretty well! Except, thankfully, I was smart enough not to make this my sole source of income. In fact, to be honest....a year later, I care about Forex even less. It's not worth getting upset over to ...

If I knew then what I know now

This is ridiculous. Someone serious said you have to be correct 10 times before a loss to make it? My advice is this: Take what you hear on this forum with a grain of salt. Scalping is dangerous and certain not safe with GBP/JPY. Read the ...

reliable trading system for GBP/JPY scalping

Here is the most important lesson you can learn: How to make profitable demo trades first. If you can't be serious on demo, you can't do it in real life when you will have fear of loss. Please listen to me on this. DO NOT TRADE with a live account ...

Is it possible to make 2% in month with 50k

That reminds me of a t-shirt I used to see a lot. It said... "In West Virgina, everything's relative." (With a picture of two hillbillys holding hands.)

Advice Only. 1 Liners Concise.

For what it's worth, I took a long on this pair today based on a 4 hour "pinbar" that formed. I took 60 pips and got out. Normally I would hold on a bit. Why get out? Because tomorrow is a great day to stay out of the markets. NFP Fridays are the ...

No Brainer Trades