How about starting out by trading daily charts only. I know it sounds crazy, but work your way down.....it's what I did, and thank God I did.

What is the best time to trade Forex for a rookie?

Just from a quick glance of charts..... There are several that I can see everything but price. Get rid of all those lines and random squigglies. Simplify. The answer will be found there.

Need help here to demystify this EA

Would this be the same GFT that used to slip me a handful of pips on a fairly regular basis? It is true, no matter what you do....sooner or later you are heading through a dealing desk. It could be GFT.....Oanada, or if you are with IBFX for ...

Blatant Lies from a broker?

There are only two major factors in the "personality" of a currency pair. 1) Support 2) Resistance However, there are a few minor differences. For example, EUR/GBP isn't going to move 200 pips in a day 99.99% of the time. So basically, when I am in ...

Currency Profiles - a little help..

I would say always look at the longer time frames for "areas" to keep an eye open. For example, and it's not pointed out on the charts posted above.....take a look at EUR/USD 1.59, 1.54, and 1.49-1.5..... These are all areas I would watch. The only ...

Help with Trend

would have already bought on the break of pinbar to be honest, it's right at first area of resistance.

james16 Chart Thread

You would think they would at least make the website look a little different than NF's..... Hmmmm, I smell a rat. A russian broker (NF), registered in cyprus, and a mailing address in belize. I would LOVE to send them my life's savings, so I can ...

North Finance .... red light?

Simple, you added funds to the account after losing.

What's wrong with us forex traders?

Sorry, but you bring up something here that is the root of most pain in the Forex world. "5% per month sucks when you account for taxes owed......." is a very dangerous statement. Unlike your 401k, that's a ton of earnings. Your 401k probably does ...

What's wrong with us forex traders?

This is a HUGE question. I wish it was simple. Well.....it IS actually, although difficult to explain. (Much like trying to explain the color red to a person who has been blind all their lives.) There is a thread that is really, really, good on this ...

Exits

Don't listen to the noise in the forums, trade your set ups.

Advice Only. 1 Liners Concise.

What I am going to say is probably going to shock you, but none of us J16 traders use such "confirmation". Besides, it you really were going to do that, it would be the AUD/USD chart you would look at. (AUD produces Gold, not NZD....although I know ...

james16 Chart Thread

this looks like "dollar cost averaging". which means to keep buying when it's going against you. (if i am reading the "rescue" part correctly.) am I wrong with this? i can see how a bank's 500 mills behind you would make this possible, but i cannot ...

Technical Analysis Fallacy

uh....maybe I am missing something, but wouldn't "market depth" just be the market you are in? as in if I am trading with GFT, then the "Level 2" I see is just the orders on their servers? i might be wrong, but I think this is essentially the ...

"Bank Flow" Trading - Resources?

You must be in a different part of the world. Here in the heartland, we prefer chicken bones.

Trading Psychology is BS

Hmmm.....well I have been reading this thread with a little interest. It reminds me of where I was once. Angry, frustrated, sad. I was never going to get this right. I am a technical trader. My charts would bore most of you people. They consist of ...

Trading Psychology is BS

Let me answer this: It starts out pretty basic on some levels. I feel that the newbie can get a good education as well. When I started, I told myself I would give this guy three months to show me a few tricks. It has been 6, and I don't ever think ...

James16 Group vs Van Tharp

Well one son is 3 next week, and the baby isn't here yet......early June it seems. Meanwhile, the wife is getting really, really, bored with being pregnant. I really like the way you teach your stuff. As I evolve as a trader, I keep coming back to ...

The System II (Yes with irony)

Hurray for Feb coming back! — Feb - What kind of charlatan dribble are you going on about? Please see attached chart, I think something is wrong with it? Good to see another thread. You new guys listen up, he knows what he talking ...

The System II (Yes with irony)

Yes Feb.... How are you mate? Let us know how life goes.

The System (Irony included)