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mike w replied Jul 21, 2010Here's one on the 5 minute chart. It's not a pin bar, but what is this?! What could this possibly be?! Put those two bars together and voila, it's a ten minute pin! lol Have a good one ladies and gents!
Jankone M5 thread
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mike w replied Jul 21, 2010Hey how's it goin Jajo? Here's an example of a countertrend pin piercing the outer bollinger bands. Typically, you like to see divergence on these setups and a pin piercing through the BB or already surpassed the BB. That's how I run them anyway, I ...
Jankone M5 thread
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mike w replied Jul 21, 2010How hard is it to wait for the momentum to build and then roll with it ladies and gents? Just poppin in to say hi and see how everybody's doin. If you wait for the momentum to build a bit before placing trades, I could almost guarantee a 70%+ gain ...
Jankone M5 thread
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mike w replied Jul 20, 2010I got it on the usd/chf short based on the lower timeframe charts but I took another loss on the aud/jpy so I'm sitting at -20 on the day as of now. I'm waiting for the 4 hour closes now to see where price is standing.
MW's trading journal
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mike w replied Jul 20, 201025 pip loss on the usd/chf and a 25 pip gain on the aud/jpy. Cut them both off because this last hour's close was against both terribly. 10:35 AM, re-entered another short on the aud/jpy at a better price.
MW's trading journal
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mike w replied Jul 20, 2010That was great analysis on the gbp/jpy my man! I like seeing what I had planned play out correctly even if I wasn't in the trade as it's just more of a boost to my experience. Kayaking was fun for sure! It's nice to get out from civilization a ...
MW's trading journal
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mike w replied Jul 20, 2010Hey Steve how's it goin man? I just placed a long order on the usd/chf as well as a short on the aud/jpy too.
MW's trading journal
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mike w replied Jul 19, 2010Not much went on today. I took one short on the chf/jpy earlier for a gain of 35 pips based on the hourly charts. There hasn't really been anything looking good on the 4 hour at all today annnddd so we wait!
MW's trading journal
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mike w replied Jul 16, 2010Shoot, yesterday was a pretty tough day with that aussie trade. It ended up closing at a loss of 50 pips but the moves were spetacular across the board last night. If I had been awake to take advantage, they would have net a few hundred pips today. ...
MW's trading journal
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mike w replied Jul 15, 2010I may be reversing this aussie position yet again here before too long and taking a loss on this one...bummy but oh well, today's still been a heck of a gain so far. It all depends on how this hour closes as we are still in crunch time for decision ...
MW's trading journal
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mike w replied Jul 15, 2010Yo Ghous, what's up my man?! Life's good brother! I'm just waiting on a few friends to get here before we go kayaking for the rest of the day. What's new my man?? Are you still working with the 4 hour charts?
MW's trading journal
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mike w replied Jul 15, 2010Here are the two charts pertaining to the last two trades at two. Say that fast!
MW's trading journal
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mike w replied Jul 15, 2010Lots of moves on the 4 hour close at 2. I set up trades on the aud/usd long and the gbp/chf long. Aussie is already coming up on it's target and the gbp/chf hasn't really moved at all yet. Scratch what I said earlier about wanting to get back into ...
MW's trading journal
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mike w replied Jul 15, 2010Well this one ran quick. I've just exited at 76.20 and plan on re-entering again higher up. 112 pip profit.
MW's trading journal
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mike w replied Jul 15, 2010Just exited the eur/jpy for a gain of 120. I'd rather have that than lose it to a retracement. I also took a loss last night on the cad/jpy. I didn't post about the trade because it was insta-loss for 40 pips down and I was heading out the door. ...
MW's trading journal
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mike w replied Jul 15, 2010It looks like most of the Jpy pairs are changing direction here as the other pairs are running out of steam too. Aussie is looking kinda dead in the water as well, I'll have a better chart of it in 30 minutes. BTW, I just hopped on the short train ...
MW's trading journal
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mike w replied Jul 15, 2010Heck yeah Steve, those guys will lead you to greatness. I'm just along for the ride lol I love Ryan's blueprint on taking CT trades as well, but I'll only take them if they are 100% perfect. I know what you mean too brother, it's the hardest easy ...
MW's trading journal
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mike w replied Jul 15, 2010Hey Jim, what's been up my man?! Everything's great brother, and yourself? What's new over your way dude? Thanks too my man!
MW's trading journal
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mike w replied Jul 15, 2010The usd/chf trade closed at my T/P last night for a gain of 65 pips. There really isn't much that is looking worthwhile to trade right now until I get a good grasp on where the usd/jpy is heading. The eur/jpy is still on and I'm getting the feeling ...
MW's trading journal
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mike w replied Jul 14, 2010Hey how's it goin my man? And yes sir, I still trade the 5 minute charts although I don't really post about them, because it's all the same really lol Everything that I post about on the 4 hour is exactly the same way I trade the 5 minute. Three ...
MW's trading journal