Technical Trading Setups Journal

Here's a very good real life example of how a bit wider stop is useful when combined with some common sense.

We always must remember, that tight stop-loss is not a cult to worship, it's our tool to use.

http://www.cornixforex.com/2012/02/good-example-of-reasonable-stop-loss-placement/

 

Here's how to deal with pattern failures during the tricky choppy time of the trading session.

http://www.cornixforex.com/2012/02/how-to-deal-with-pattern-failures/

 

Doesn't really need further comment

 

When I see this kind of trade, I never hesitate.

Doesn't happen often, but when it does, it's one of the best trades any trade can take (IMO).

http://www.cornixforex.com/2012/02/good-with-the-trend-trading-setup/

 

Took it too, but closed a bit early.

 

It behaved classically this time, bounced right off the last swing low (reasonable target).

 

I know, I know
And there were the S1, and LOD as natural targets....

 

Even a bit earlier profit is still profit.

 

As expected the wedge broke and gave us a potential stop killer before the real move. Here is a closer look. Getting in from the top and expecting this action means no heat and playing with a strong hand as opposed to playing the breakout and having stop placement problems.

 

Good example of a failed reversal, which turned into a profitable continuation trade:

http://www.cornixforex.com/2012/02/failed-reversal-turned-into-with-the-trend-trade/