Recent content by simoncs

also check out his website their are lots of free articles on there plus links etc Brett Steenbarger Trading Psychology

Another key skill is talking each trade thru aloud and justifying it to yourself before you act. He argues that the thinking conscious derives from a different part of the brain to the talking voice....the thinking is more emotional and instinctive; by talking a trade thru aloud it's almost as...

I'm also in this, as are most of the james16 thread - after a quiet couple of days i think everyone jumped on that one. Reckon there must be enough wishful thinking out there to force it down:cheesy:

Simoncs, Sorry to hear that your contract has been terminated. From all the books i have read of late it will be hard for you to continue trading successfully without immense discipline. When the need for money becomes a driving force in your trading you may find a new destructive element will...

might be a slow xmas Hey all, I have been over on james16 thread the past few weeks, still reading through - so haven't abandoned you :cheesy: Unfortunately i had my contract terminated at work yesterday - have a months notice, but not exactly the best timing. Going to be tough to get another...

IB4's on 4hr some nice iB4's forming / arrows at support will try to play the breakout. I guess as trend is down then i will be shorting, but may also be fakeouts?

Hi TD well done on the trade. what was the entry signal? did you wait for some confirmation or just go for it? i can see a pin on 15min tf but no real entry on hourly unless you played a break of inside bar which would give a much smaller profit? cheers Simon

when do you check daily pins? Hi all I have never been that sure on when daily bars print (open/close) in FX and therefore the best time to check for setups. The whole aspect of it being a 24hr market makes it a little less obvious than the exchanges. I know it depends abit on the plaform you...

Hi Richard, Sorry can't answer the bulk of that as i am pretty new myself. however re the pin bar indicator for MT4 - i use one on my home pc running all day which emails me an alert at work so that i have a better chance of spotting them. (Also does BEOB's, BUOB's DBHLC all info on James16...

well that didn't work the way it was supposed to one day i'll post a setup that actually works:lol: got stopped out as my stop was only 30pips thought that the initial break through of that level may have been a fake out as the price retraced through my channel (highs/lows of the inside bars)...

thanks gives me some more confidence:) I am short at 7778

EUR/GBP 4hr 4inside bars been watching this all day looks like it might break below soon oops too late - just did as i am typing - might be time to jump on if it retraces though

Confucius say - Man who like to pick bottom end up with smelly finger :lol: That would be quite a stop to have and as others have pointed out pins and good levels don't seem to be holding that well at the moment. The fundamentals of this whole mess suggest we have a lot further to go yet (so...

Welcome back....to HELL!!!!:lol: anyone long GBP/AUD - quite a run that's had today

for what it's worth... now the bailout plan looks like it will go through and gold has gone through the 830 level i reckon it's south all the way to 790 and probably further. I am looking for an entry short now