gbp/chf broke down no great confirming PA on the pullback- no trade gbp/cad pulled down no confirming pullback - no trade eur/chf i didn't have on my watch list but still have the eur/cad on my watch list Best Mike

james16 Chart Thread

Yes we certainly did talk about this. Ryan I enjoyed talking to you today, we are very similar in personalities more so then I think we both thought LOL. What Ryan says is true. He is very to the point and that is good(much like James, no need to ...

james16 Chart Thread

before you lock it down here Kris it was great to get to know you and a lot of us miss your presence around these parts. Best of luck on the move and with family and life Take care buddy Mike

Turbo's Journal

Hey ghous those patterns aren't quite complete/large enough for me on those timeframes, and don't quite fit as nice on the hrly so I would pass on them. Of course that is just personally could work out great. Here is another on my list Take care Mike ...

james16 Chart Thread

I have it like this for my watchlist -Mike

james16 Chart Thread

yes you are quite right, I meant of your total capital. A lot of people only hold what is needed to cover margin on their positions with their broker and have all other available funds else where And yes MM is key well said Mike

james16 Chart Thread

small rant — Yes I am very big on risk/expectancy and how the math side comes out. Many people have no idea how much moving from even 1% a trade to 2% effects things. In the most simplest form you are effectively doubling everything. ...

james16 Chart Thread

Hey Judith, Someone had asked the same question in the private side with a similar looking chart. I will post my response I gave them with the chart I had posted. Here is the chart I posted with it, Hope that helps Mike

james16 Chart Thread

just some pairs I have on watch eur/cad I would like to see a bit more consolidation into the wedge, but it is actually my favorite if it consolidates more. Reason being the angle of the lower tl of that wedge. Mike

james16 Chart Thread

That is ok, this material won't be for everyone. There is a lot of information out there, hopefully you find something else that meets your needs. No one is going to be offended, but certainly this thread really is for Price action and learning more ...

james16 Chart Thread

I for one was heavily playing the gaps across all pairs the last 3 weeks. So for the eur/usd I waited for the gap to fill to enter the weekly pin(still placing my stop below the low and calculating my position size based on that). I tried to do the ...

james16 Chart Thread

IMO this is a good trade also. But the real trades on gbp/jpy are all the gap trades that showed up on it the past 3 weeks. It was like free money if you ask me I know you hate people posting "after" the fact(yes I read all the posts in here ...

james16 Chart Thread

yep no matter what timeframe you trade on, if you learn to be discipline and patient this material goes a LONG way Tell me it gets any easier then this? It is usually what we end up doing in between all the good setups that gets someone into trouble ...

james16 Chart Thread

Yes I do believe you T asked for a definition so I had to give one. There are many ways to skin a cat. I know that for sure Mike

Admit it - your profits are based on luck

Learn to trade, by learning to read the market - by learning to read and understand price(large subject). Then by putting in hours and hours(and more hours) of screen time. Then IMO one needs to couple that with an understanding of market ...

Admit it - your profits are based on luck

Hey Grinder best of luck buddy will be lurking

go live or bust ... diary of an fx live-trader-wannabe

yes of course, and that is why I said those need to focus on learning to trade more then defining words These types of threads have just been beaten so deep into the ground around here and they ALL end up in the same spot.

Admit it - your profits are based on luck

the facts once you click buy or sell you are at the mercy of the markets. but for those of us with an edge, believe me you don't feel lucky when you win, or unlucky when you lose. Period. You just trade. all this talk of defining words such as luck, ...

Admit it - your profits are based on luck

Excellent post Dave

Quick Notes From The FX Desk

What Ryan does is what I think ultimately everyone needs to do. Is take the material they learn and formulate it in a way that works for them. I do exactly what both Ryan and James does. I look for breakouts with the trend, and use Price action to ...

james16 Chart Thread