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- ChinoCop replied Oct 21, 2010
Last post for this week. For the sake of transparency, here are all of my Forex trades.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 21, 2010
Wasn't a great week, but at least I didn't lose my ass. I'm getting more confident that I can actually be a mediocre trader and support myself. We'll see in the months and years to come.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 21, 2010
No more trading for me this week. Lots of lessons learned this week: 1. If support or resistance has been tested already assume deeper penetration on the next test 2. If s/r has been severely penetrated chances are next test will completely ...
Chinocop's Forex Fiasco
- ChinoCop replied Oct 21, 2010
Stopped out on my E/J trade. Missed my E/J short by 9 pips at 114.00. Anyway, looks like a possible inverted head and shoulders on the 4 hour.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 20, 2010
Ok, took a position on E/J at 113.12. First target is 112.523.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 20, 2010
Ok, I don't like the price action here. Tightening stop and looking to take 1/4 of the position off around here.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 20, 2010
Ok, didn't have to wait long to cash out
Chinocop's Forex Fiasco. Have to dig myself out of the whole I dug this week, but back to bed for now.
- ChinoCop replied Oct 20, 2010
Forgot to mention POMO today. It's against the Fed's charter to have any red days for the US equity markets
Chinocop's Forex Fiasco
- ChinoCop replied Oct 20, 2010
It's hard not to take some profit, but I'm holding at least until my tp. I will sell half there and hold the rest. Here's what I'm seeing.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 19, 2010
The thing about G/U I don't like is that there doesn't appear to be any major support between 1.56711 and 1.55383. Maybe I'm wrong but that's what's got me worried about going long here.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 19, 2010
Looking for a long on G/U at 1.56711, EJ shorts at 114 and 11.312. Might be looking for a long on EJ around this level depending on the price action.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 19, 2010
Here's a document that I borrowed from the trading with deadly accuracy.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 18, 2010
Got slaughtered last night. Like Jesse Livermore, I want to thank the market for the lesson and my loss. I need to re-evaluate my plan and adjust.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 17, 2010
Got stopped out. Looking for another long entry around 113.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 17, 2010
In on E/J at 113.401 target 114.207. Let's see how this goes.
Chinocop's Forex Fiasco
- ChinoCop replied Oct 15, 2010
I need to start following my scenarios. I would have netted 118.1 with 3 wins and 4 losses. That's the type of performance I can accept. I need to have more faith in myself. Here's how I did this week ... definitely not as great as I would have ...
Chinocop's Forex Fiasco
- ChinoCop replied Oct 15, 2010
I actually like the price action on E/J and I would take a long position based on the charts; however, since it's Friday there's a good chance that I would get stopped out because of weekend game playing.
Chinocop's Forex Fiasco