I've just added more shorts to the eur/chf core position. We saw a retracement from the last move and so I got in for a few entries throughout 1.6150-60.
I dream, therefore I become.
Twitch Journal - Live Journal 4 replies
Creating my Trading Plan + My Trading Journal 27 replies
Another Trading Journal - Yuhu's Journal 16 replies
My Personal journal up 18% in 2 months going to start a journal 8 replies
Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies
DislikedHey Mike, see there's a problem with this. That last bar counted in as the weekend bar. That is usually negated and so this wouldn't be considered a bearish engulfing. This is why I wouldn't use indicators to determine price action for me. There are some cases, this being one, that indicators simply malfunction and don't weigh in the fact that the previous bar holds no true meaning.Ignored
DislikedThank you Mike for introducing your journal to FF. Its quite informative. RegardsIgnored
DislikedHey thanks WT!
On another note, my long term trades have finally paid off, well a few of them anyways. My long term Usd/Jpy trades hit their target, I don't even know when as I wasn't keeping all that much track of them. They closed at 106 from areas as high as the mid 114's.
Hey Dagoods, I am going to check out the Aud/Usd trade for you. You don't need to be scared while trading man, trust me on that. If your scared of it, then take a position that better suits you and you will be more comfortable with.
Hopefully at the end of the day today, I can get some analysis in ehre on the daily charts. Nothing, lately has been seeming all that great except for pairs that I already have or had positions in. This retracement across the board, seemingly, should shake things up a bit to make some good trades off of.Ignored
DislikedYeah I'll bet your just rolling in dough !!! With that GBP/JPY...
Dont' forget those 500 pips you owe me from when you were broke that time eh... !!!Ignored
DislikedHi Mike:
I'm starting to agree with you about the benefit of long-term trading rather than staring at the computer so much.
The only downside is setting the stop loss. It would have to be set much larger than I am comfortable with yet. How far away do you set your SL?Ignored
DislikedHi Mike:
I'm starting to agree with you about the benefit of long-term trading rather than staring at the computer so much.
The only downside is setting the stop loss. It would have to be set much larger than I am comfortable with yet. How far away do you set your SL?Ignored
DislikedAlritey, I am waiting for this hourly close on the eur/nzd trade, but I did take a small buy trade on the usd/chf for a quick 50 pips if it works out. If not, then I am only risking about 15 to 20. The 4 hour bar closed as a bullish pin, off of support, although it is very small.Ignored
Dislikedhey mike i took aud/usd short looking for a long term trade like u for once lol it is a perfect "skunny" trade IMWO.... going to target 8370 but i am skeptical and scared lol check it out if u have timeIgnored
DislikedHi Hansel, there is no clear cut answer for that question as I place different stop losses for different trades..............I always look for the best possible entry so that my stop losses don't need to be very large.Ignored
DislikedHey Dagoods, sorry Im late on this, but on yesterdays bar close showed a rejection of lower price. With that, it also closed as an indecisive bar, along the lines of a bullish bar. To me, I would have counted it as bullish because it was at the support line. Now, look to the weeklies. What are we in? An uptrend, downtrend, or a range for the immediate time being? Once you can tell me that, then I think you'll know if your trade is valid or not.Ignored