Short at 1.5987 with a break of the multiple timeframe T/L going back nearly 3 hours. Target is R1 at 1.5974. Stop at 1.5990 just above the T/L.
Ah I see! Now if we can just figure out how to reverse that (so that the stamp is 6 minutes earlier) then we don't need chart reading, just copy...
CFerret, how did you square the short from 69 at 45 when my chart shows that 45 wasn't reached until 6 minutes later? yoohoo, what exactly is...
I figured as much. I found it really interesting to follow along as T/L were broken on one TF after another as the move developed. I've never...
I caught the short at 5932 and stopped out at 5889. I didn't recognize it was a double top though, still need a lot more education.
I want to see if I'm seeing the same things you guys are. I'm not sure if my PP is set up right, the price points look different to the chart...
yoohoo, thanks for the kind words. To expand on my last post... I've tried a variety of indicators in my attempts to learn to trade intraday off...
yoohoo, my methodology is pretty simple. Oil has been going up so I've been buying oil stock calls! I also used to trade futures spreads based on...
yoohoo, as a former position trader, can you offer advice on making the adjustment to smaller timeframes? I've done well with positions lasting...
Totally fell apart today. 11 trades, 10 losses, and my account is down by over $1,000.
April 14, 2008 9:21am Short EUR/USD @1.5838 9:51am Closed @1.5844 Rationale 9/10 1 hour chart bounced off resistance 5 min chart...
I agree with pivotas 100%. If you are successful with your first $10k (or your second, third etc.) you will need a plan for withdrawing profits to...
I think it makes sense to use indicators that are popular with a large number of traders. Not to follow the crowd, but for you to know what the...
It's funny that you mention that about the indicators being more like scenery. That's exactly how I feel this time around. Last time I tried Forex...
datamerc, are you running multiple monitors? If not, following 4 pairs in multiple timeframes must be hard.
Week of April 6-12 Summary Winning Trades 5 Losing Trades 1 P/L +39 pips
April 11, 2008 3:25am Long EUR/USD @1.5824 3:46am Closed @1.5840 Rationale: 10/10 1 hour showed good uptrend with plenty of room 5...
April 10, 2008 9:11am Short EUR/USD @1.5854 9:24am Close @1.5844 Rationale: 9/10 1 hour chart MA was flat and price was right between...
April 9, 2008 10:17am Long EUR/USD @1.5762 10:39am Close @1.5769 Rationale: Rating 9/10 1 hour chart showed strong uptrend and 20 pip...
April 8, 2008 8:52pm Short USD/JPY @102.55 10pm Close @102.49 Rationale: The 1 hour chart was pretty much a wash. The 5 min showed...
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