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- 268 Results (6 Threads , 262 Replies )
- ssherwood76 replied Dec 29, 2011
I'll be bearish on AUD/USD if the daily candle closes with an engulfing pattern which will happen if price is flat or continues downward. Then price pull back into the oval while stochastic moves down out of the overbought area would prompt for an ...
- ssherwood76 replied Dec 28, 2011
Stopped out on AUD/USD at entry. My plan may have been flawed but it's more important that I followed it through. At least I got a few days of interest. AUD/USD daily is still bullish while the 30 minute appears to have a change in the trend to the ...
- ssherwood76 replied Dec 24, 2011
Volatility — I like to keep an eye on the 20 day range of a couple dozen pairs. From those, I narrow a the list down to the top six. This is because I want to trade pairs that move. Measuring volatility is the first necessary step in my ...
- ssherwood76 replied Dec 22, 2011
It's been a bumpy ride but everything is still pointing up. The daily, the 30 minute with it's higher lows and five false signals to sell and so on. Right now, a clean break of 1.0151 will make me look for another entry or two.
- ssherwood76 replied Dec 20, 2011
I took a stab at going short near the beginning on the Asian session with -25 pips and reduced risk made it even less painful. Today's range on AUD/USD was about 200 with an obvious trend change from bear to bull. Now isn't an ideal time to go long ...
- ssherwood76 replied Dec 20, 2011
Possible change in the AUD/USD trend happening now. I got some good rest last night because going short has been so difficult. Maybe the daily candle close will confirm the change today or tomorrow. I know Christmas is just a few days away but I'll ...
- ssherwood76 replied Dec 19, 2011
AUDUSD — Wow, it's been ruff getting in and staying in on AUD/USD. I had a trade earlier today that went up to around +45 or so and attempted to get in again after price pulled back but got out before breaking even. Momentum has really slowed ...
- ssherwood76 replied Dec 18, 2011
I'm not short AUD/USD now because of a tough day trying to go short on Friday. Also, a lot of the major pairs are in extreme oversold areas against the USD on daily charts. I'm not saying the trend will change now, I just want to be more cautious. ...
- ssherwood76 replied Dec 18, 2011
Foreign Exchange Trend Trading Process — Even though it may not be written down, there is still a process of filtering irrelevant information and gathering useful information for tasks in any line of work. While I've done it in my regular job ...
- ssherwood76 replied Dec 16, 2011
-25, -15 and -11 on 3 attempts to go short again. In hind sight, I shouldn't of been in the first one and shouldn't have taken any losses. Good thing smaller lot sizes were used in this mess.
- ssherwood76 replied Dec 14, 2011
Well, I decided to close out early and watch for a pull back to get back in going short. Price can easily present an opportunity around 1.0060 +300ish pips on 3 positions, almost doubling the account.
- ssherwood76 replied Dec 13, 2011
On Sunday, I went short again with three positions on AUD/USD around 1.0990 My plan is to ride it out until a daily candle closes that outweighs it's previous heikin-ashi candles
- ssherwood76 replied Dec 13, 2011
I took a 30ish pip loss on a couple trades going short on AUD/USD on Friday.
- ssherwood76 replied Dec 6, 2011
stopped out at -30 I'm going t keep an eye on AUD/USD but might be sitting out for a while
- ssherwood76 replied Dec 6, 2011
AUD/USD — The Reserve Bank of Australia interest rate fell .25 percent yesterday while AUD/USD has been a strong pair to trade lately. It's average 20 day range has out performed the EUR/USD slightly and GBP/USD by far. The quality of the ...
- ssherwood76 replied Dec 3, 2011
If timed just right, you can risk a small amount by pulling the trigger on smaller time frames and ride out trades that last hundreds or even thousands of pips. It can be obvious on which currency pair to trade, when to get in, where to put your ...
- ssherwood76 replied Dec 2, 2011
Those are actually quotes. The first from a fellow trader, the next two are from Jack D. Schwager and the last is from someone who Jack D. Schwager interviews in one of his books. As far as trades this week. I was pretty much breaking even until ...
- Take Five with The Power of Three
I'll be posting recaps of my live trades in this journal using a system I like to call The Power of ...
- ssherwood76 replied Jun 15, 2011
Trend traders: NEVER attempt to predict where the market will go NEVER attempt to pick "tops" and "bottoms" of price action ALWAYS respect the trend and align their trades accordingly Let the market tell them when the trend is finished, not their ...
- ssherwood76 replied Jun 1, 2011
Short EUR/USD — I have my doubts with this trade but it could be a great one if it does about follow through. What concerns me is how there has been a higher high on the 4 hour since the 55ema cross the 200ema on May 15th. A bearish 4 hour ...