My man Mike! What's goin on brother?!

MW's trading journal

url That is the 5 minute setup thread that Jankone started in the systems section of the forum. I don't delve into too many systems threads because most are shit, but this one is worth the read a thousand times over IMO. I'll take entries based ...

MW's trading journal

For the most part, I don't worry about R:R on the 4 hour timeframe because I know how often price is likely to hit that first area of T/P. I typically aim for that area and then farther if the daily charts conincide with it. Also, when I enter into ...

MW's trading journal

Hey how's it goin? And believe me when I say it is that easy! The only complication is what we create in this business and cost of production. The trades that I post about in here are mostly on the 4 hour timeframe. With that, I only take trending ...

MW's trading journal

For the most part, yeah it does. On times when it doesn't, it's only because I have a decent justification for the trade.

MW's trading journal

If you can't wait long enough to takes trades ONLY with the trend, you have no place in this business. That's such a huge statement that needs to be said a LOT. I've taken sooo many trades with and against the trend that I now know that C/T trades ...

MW's trading journal

Here are two others from today that have already reached T/P as well. Gbp/usd and chf/jpy setups. These setups, in line with the trend, will bring a great deal of profit time and time again. I wish I could remember the gain rates from just the ...

MW's trading journal

Sure thing! I'll post those up in just a sec after I take a screenshot of them. As for the usd/cad setup, it was based on the 4 hour setup on a different price feed (shown) as well as this hourly bar.

MW's trading journal

T/P reached for 70 on that one. I placed other trades but they weren't posted real time so I won't even post about them unless somebody wants to see the charts. There were setups all across the board today. I'm done for the day, have a good one ...

MW's trading journal

Here's one I got in on before going to breakfast. I'll be trading this down to 1.0485 initially. Finally getting out of these b/e setups again. I've noticed it time and time again, price will take a rest and you'll end up with a few B/E trades ...

MW's trading journal

Yes sir, if you're talking about the 28 ema with extensions of 89, 144, and 233, those are extensions that were brought about by Vegas a few years back. Diallist and a lot of the older guys used variations of this, although I pretty much stick to ...

MW's trading journal

This is exactly what we look for. The 20-50 trap has been a solid trade setup for longer than I've been alive.

MW's trading journal

Grrr, I'm really looking for a runner on this pair. I took a 20 pip loss on that bad boy because of that thought, although I'm still looking for it to give a notion to the downside. Actually 22 but who's counting.

MW's trading journal

I took pretty much the same thing on the aud/jpy and yep, I agree...I'd take em again too. There's no reason at all to be discouraged about that my man. Good trades because you traded your plan!

KissFan's Trading Journal

Price is starting to move lower now and I actually think I'll be holding onto this one with the price action on the weekly charts looking primetime for more downside.

MW's trading journal

That's awesome brother! I bet the parade was cool, what kind of exhaust do you have on it? And I remember your photos from the last Terlingua ride and I was in awe my man. That area looks like the best ride ever. Didn't you tell me there was an ...

MW's trading journal

I totally forgot about that chf/jpy trade because it wasn't on my screen anymore but it was closed at a gain of 5 pips. I really just wanted to get out of it and I figured it would get to that point anyway with how the price action was rolling.

MW's trading journal

Here's one I got into at .6875. The nzd/usd printed out a beovb at the 28.

MW's trading journal

Make sure to get a plug for your ass during your stay. There are some lonely, angry men in there just waitin to tear you up! Besides, trading is legal and incredibly easy. You just have to allow it to be easy and not freak out when you take a loss ...

What is easier, robbing a bank or trading profitably?

You got it brother. It really is invaluable to us as traders to realize that one trade doesn't mean a damn thing. Think about it....if you were going to a duel with some pistol totin cowboy at 50 yards, would you want to be able to shoot 1 round or ...

MW's trading journal