40-100 pips per day LIVE TRADING

[zenocorp]

Originally Posted by shandy

Correct about the main tools. We look at 1hr / 4hr to get an idea of what the general trend is, add trendlines etc but it doesn't really affect the decision to trade off the 15min. For this we will mostly use the trend as determined from the 15min itself - peaks / troughs, 1-2-3, A-B-C-D etc.

wat is 1-2-3, A-B-C-D, looks like elliot waves..hehehe but i sure it is not.

[Maverick731]

Originally Posted by njacobs

Yes skerryp you're correct James considers an IB to be less than or equal to the candle to the left of it. That is what James considers an IB, along with the other previous examples. Good luck skerryp.

yea im still prety sure its either body and wick or just body for IB.

Thats what he means by length.... otherwise there are alot more IB's than there should be


JAMES can u clarify?

[kath]

Just wanted to say I have been using James live room for a couple of weeks and I think its worth every penny even if you can only do a few hours a day like me. Live account now in profit!

[shandy]

Originally Posted by Maverick731

yea im still prety sure its either body and wick or just body for IB.

Thats what he means by length.... otherwise there are alot more IB's than there should be


JAMES can u clarify?

I give up.

[oraqua]

Originally Posted by zenocorp

oraqua..how to u set ur profit target?

Fibonacci Retracement, fib some swings and take a look what price is doing, shandy told you earlier that we work with a kind of leg or wave analysis, but it's not as hard as like elliot or something, keep it easy, Leg A must be bigger then B, then you have an analysis of where price is heading to, C should reach a Fib Retracement level of A or B or the Baseline of the Fib from B or A or break.

If something wrong shandy correct me please

[John P.]

"What we've got here is a failure to communicate."

Actually, upon some reflection, I think what we may have is an attempt to gain the benefits of the room while circumventing any cash outlay for it. Which shows a misunderstanding of what it is about, but thats okay. I now somewhat regret my earlier attempt to clarify. Bygones, bygones.

Valle -- looks like the GBP has already retraced over 618% of the London am move today.

EUR al mismos. For awhile it looked like a gartley pattern might be forming, but thats a very strong trend to overcome (catch a falling knife). Upper resistance worth watching at least.

[njacobs]

Originally Posted by shandy

I give up.

I with you there Shandy.

I'll just end on this note, Jame's live trading room is well worth it!!

[Maverick731]

I still think I'm in the right with this IB/OB type deal... I'd like someone with a somewhat credible back history to give the exact definition they are using..

because I don't see how those "equal length" but very lower bars are IBs/OBs and even then they shouldn't be tradeable because they have moved so much already

[Maverick731]

Originally Posted by oraqua

a quick london session,

nice 35-40 pips in the first leg

and also nice countertrendtrade in direction of the 38% from friday, good for nice 70 pips

I'm pretty sure if those charts are gmt+0 you were in the middle of a news trade/new breaking... so it wouldn't really be considered a normal trade but rather a news break

[zenocorp]

here is my trade, i juz want to try it out.
my enter is based on the inside bar (james new version of IB) which i mark it with a square. the horizontal blue line is the fibobacci i drew on hourly timeframe. the price retrace at 38.2% of fib retracement. i miss out the OB on the top juz below the fibo blue line which i mark it with circle.


so any comment? i dun know how to set the profit target so i juz place it at the swing low.


by the way, the chart i upload is GU 15M