I've read a bunch of your posts in here, looked at dozens of your charts and followed your reasoning, and I can pretty confidently say that I think you know the difference between a solid, realible trade and a dicey one

james16 Chart Thread

Jim speaks the truth Also, when someone is asking whether the NYSE or the Dow is easier to trade than the S&P500, I would probably suggest sticking to the basics for now and going through all Jim, Mike and Jim's posts. Seriously. For a couple of ...

james16 Chart Thread

I'm in an airport lounge, with about 4 hours sleep and 5 glasses of scotch in, so this could be a little messy What you are saying is correct, in a sense - there are fewer people operating on a monthly chart. And so something like a trendline, ...

james16 Chart Thread

Strategies against Architecture. — I had dinner with a friend on Friday who works as a dealer for a CFD house. So, in between copious amounts of sake and shochu, we got to talking about trading, and the stupid things we have seen people do. On ...

james16 Chart Thread

A Texan, a New Yorker and an Aussie walk into a bar...

james16 Chart Thread

...when acting as a particle — It's a bit of both. And I've been slack for a while, so here is a wall of text. When people say stuff like 'TA shows all the news', they are oversimplifying it a bit (usually because either they are busy or they ...

james16 Chart Thread

Or why we dont trade kangabucks when the RBA releases an interest rate decision

james16 Chart Thread

You wouldnt be the first to lose a bunch of money on the magical powers of Fibbonacci numbers. Dont worry, Jim and Mike will set you straight *edit* wow this thread moves fast. disappear for a week or two and you come back to triple digit pages ...

james16 Chart Thread

I'm possibly in the minority here, but for me at least... close enough is good enough. That pin and a copy of it with a close a couple of pips lower are telling the same story, and as long as you are waiting for the break (which you should be, kids) ...

james16 Chart Thread

You are probably the first person I've met who actually knows that... I'm impressed

james16 Chart Thread

Close Women = time x money and, as we all know, time = money :. Women = money x money = money^2 Another universal constant is that money is the root of all evil. :. Women = (sqrt(evil))^2 :. women = evil QED.

james16 Chart Thread

Exactly. Why take more difficult, harder to understand and harder to execute setups when there is a ton of low hanging fruit out there. If Mike and JimJarroo can limit themselves to good bars in good locations, the rest of us trying to use MIT ...

james16 Chart Thread

Why would you want to purposely trade something 'dangerous'? A wise man once told me that I was an idiot. Rather than trying to expand my repertoire into new and more difficult (or often borderline) strategies, I should just concentrate on the stuff ...

james16 Chart Thread

url Marge: [reading] "Parent's occupation... Please note that 'homemaker' is not allowed, as it is not real work, that's why you don't get paid."

james16 Chart Thread

This is one of the reasons I find BEOB/BUOB trades dicey. They can be great trades, but they are often directionless bars that dont tell us enough. I want a bar with a wide range that represents the transfer of power from one side to the other. ...

james16 Chart Thread

I presume professional traders would be at work, like everyone else. Except... housewives.

james16 Chart Thread

That only works for an SMA Either way, it probably doesnt matter. There are such a wide variety of market participants with such a wide variety of approaches which incorporate such a wide variety of MAs, timeframes and calculation methods that ...

james16 Chart Thread

You can use currency futures for the same purpose, but they are generally a bit thin. Alternately, you can construct your own synthetic - that's likely all your broker is doing anyway (assuming they arent just a straight bucket shop).

james16 Chart Thread

Grab the Nasdaq 100, FTSE100, maybe the Nik225/DAX30/CAC40/ASX50 if you are desperate. Just check the daily turnover and the insider ownership if you are adding smaller caps... otherwise, you are just asking for trouble. Skip AMEX and Russell. In ...

james16 Chart Thread

Hey buddy, hows things? You know you have a procrastination problem when you decide to mark up 200 stock charts instead of doing your work. Stupid Mondays. image

james16 Chart Thread