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- perstoman replied May 5, 2010
Beside watching G/U — U/Chf is showing a very interesting PA... Basically trading today in a tight range of 50pips... Unless it breaks to the topside, which I doubt....it would be a great opportunity to short from the top to the bottom of the ...
Perstoman's T. Journals
- perstoman replied May 5, 2010
Exactly — First it has to drop to check if there was enough buyer, then it took off to test the daily pv once again. Now I have closed a half of my position at +20pips, and the rest is still running till 1.52ish. However, there seems to be ...
Perstoman's T. Journals
- perstoman replied May 5, 2010
Update on G/U trade — It did go to my favor and went up to today's pv... but it turned right back down after seeing some sellers up there at 1.517 area Now, price is back down to 1.5125ish... Strong down candles on 30m/1h tfs. Although the ...
Perstoman's T. Journals
- perstoman replied May 5, 2010
Call me crazy — Looking at 4h tf, I still see a major downtrend...no reversal signs at all With this momentum, G/U will form triple bottom at 1.479ish area by the end of this week. However, I am still playing this dangerous game of picking ...
Perstoman's T. Journals
- perstoman replied May 4, 2010
Just wondering, Do you only trade based on Bearkouts? Well, here's my G/U chart and I am expecting a breakout to upside and my tp is blue shaded area. Let's see if this one works out
Trendline breakouts
- perstoman replied May 4, 2010
G/U — Closely watching three trendlines drawn here. If it breaks upside, then my first tp is the blue shaded area. or if it breaks downside, then previous low becomes my tp. However, looking at how G/U is holding up relatively well compared to ...
Perstoman's T. Journals
- perstoman replied May 4, 2010
Nicely done!! are you still in that trade?? I chickened out after 100ish pips....wish I was still in it! Hope you are still in that trade~! gluck to you
Trendline breakouts
- perstoman replied Apr 28, 2010
Think smarter and trade smarter! Starting a new day with my brain fresh. Once again, I learned the most important lesson "SL&MM" I can do this and I will do this!
Perstoman's T. Journals
- perstoman replied Apr 28, 2010
1. When entering a trade, enter 3 lots 2. SL must be set to previous high/low 3. When in profit by 10-20pips, close 1 lot 4. When I believe price is moving in my favor, place SL to BE 5. Close 1 lot at initial target point 6. Let the 1 lot run until ...
Perstoman's T. Journals
- perstoman replied Apr 28, 2010
Well horrible week and I am out — Had a horrible week holding losing trades. I was planning to build long term long position on Euro, which was nonsense from the beginning screwed me up. From now on, I am forgetting about long term positions ...
Perstoman's T. Journals
- perstoman replied Apr 28, 2010
Thanks for reply, how about this breakout to upside? is it testing the broken trendline? haha i guess it is... I have entered long position earlier today and have locked at BE
Trendline breakouts
- perstoman replied Apr 28, 2010
Would you play this breakout? I am hoping it to break to the upside, but there's a serious downside momentum on this pair... But would you play this??
Trendline breakouts
- perstoman replied Apr 28, 2010
Eur/Usd — Quick profit on breakout to downside Out with 5pips...not that great but wasn't willing to risk earlier profits. Also the price is bouncing right back out to either test the broken trendline or continue its up move from this morning.
Perstoman's T. Journals
- perstoman replied Apr 27, 2010
IMF Mulls Providing Extra E10 Billion To Greece: FT — url I guess this is a good news for Greece, but is it gonna help the euro to bounce from here or is it not gonna have any effects on euro?
EURUSD
- perstoman replied Apr 27, 2010
How high would Eur/usd retrace before continuing its down move? I am expecting to see 1.3215ish but not sure.. Anyone?
EURUSD
- perstoman replied Apr 27, 2010
Why adding long on Eur/Usd was a horrible idea? — All three trendlines were broken down and I was still too stubborn to change my bias... no more explanations needed see chart below
Perstoman's T. Journals
- perstoman replied Apr 27, 2010
Same mistake all over again — After being in forex trading for approx 2 yrs, I felt I was becoming a better trader not just technically but mentally. However, whenever I make a dumb decision to enter a long term trade, which I expect the price ...
Perstoman's T. Journals
- perstoman replied Apr 27, 2010
Dear Wormboy — I know that you don't trade Eur/Usd that often, but could you update your view on this pair?? I really could use pro's opinion right now lol. Thanks!
The WoRmHoLe
- perstoman replied Apr 26, 2010
Will it break to the upside? — I just love to long usdchf, when shorting eurusd.... Here's a chart with trendlines...Once the usdchf breaks above the trendline and I see a possible retest, I am in.. edit: opps...it did break the trendline to ...
Trendline breakouts