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james16 Chart Thread

I agree from a strictly mathematical standpoint the lower time frame increases your frequency which will compound your equity faster. Assuming everything else is being equal. As true as it maybe from a math standpoint, I think what others are saying ...

james16 Chart Thread

It's that 20% that counts.

james16 Chart Thread

Having only enough to survive sucks, I want to Live. I think that is what you are getting at. You have enough for the life you want and the extra is just extra.

james16 Chart Thread

Correct the reason you pay taxes on it (rent it) is because you don't actually own it. I think the only way to truly own property is to have what is called Allodial Title. I think Texas is the only state in the union left where you can get allodial ...

45% world's wealth destroyed

Would the take profit be when you reverse your position when the opposite 4 week is hit? For example you went long the 4 week high, you would stay long until the 4 week low then reverse the go short.

Richard Donchian EA

Wealth. I thought of an question I wanted to throw out here. Who is wealthier? 1) A person that owns an old clunker and rents and has zero debt with a savings account with 100 bucks in it. 2) A person with a mortgage on McMansion ($1 million dollar ...

45% world's wealth destroyed

I would say the house was never part of your wealth to begin with. You are paying for shelter and security and the house is a liability (taxes, maintenance, etc). Many of the fortunes that are melting down were fake in the first place (paper ...

45% world's wealth destroyed

I forgot what I was reading, but the person was making the point that a home is really a liability. I know in the past owning land meant you had wealth, but I'm not sure when you buy 'real estate' you actually own the land underneath the physical ...

45% world's wealth destroyed

Not sure what your question has to do with pipmutt being an insane person.

Forex Mentors - The Best Investment You Can Make?

He keeps saying over and over and over and over again how he cannot reason with us, yet he still posts. Insanity: doing the same thing over and over again and expecting different results.Albert Einstein, (attributed)

Forex Mentors - The Best Investment You Can Make?

The guy is an ego maniac. He has to make himself look like he's better than everyone else by putting everyone else around him down. He has to slam respected mentors because he knows that people will have a fighting chance in this business if they ...

Forex Mentors - The Best Investment You Can Make?

No problem, something new to learn everyday.

james16 Chart Thread

Ah! Someone that speaks my language. Thanks man.

james16 Chart Thread

That's some pretty high speed low drag lingo you got there.

james16 Chart Thread

Not sure I've ever heard tweezer tops as J16 PA setup. I'd stick with the bars that are known to work.

james16 Chart Thread

Yeah, and every 10 posts he has to stroke his ego and tell everyone he's in the 5% club. I'd say 50% agree with him. That makes him about as a good as coin flip.

Forex Mentors - The Best Investment You Can Make?

Good point. If you talk to or listen to some of those people that learned through trail and error they will tell you straight up, they wish they had someone around to guide them in the early days.

Forex Mentors - The Best Investment You Can Make?

Thank You and back at you. I don't know about prison. I think a re-education camp is more effective. If the intensity of the re-education causes them to 'drop out', I don't think they will be missed.

45% world's wealth destroyed

The other advantage is you have Sr. Members each with their own style and level of aggressiveness. You can have mentoring by the ultra conservative traders, the really aggressive traders, and everything in between. You can pretty much work with ...

Forex Mentors - The Best Investment You Can Make?