Eur/Cad — Eur/Cad I was stopped out just above 1.5700. People that don't trade might say "well you gave up a lot of pips", which is true but you only know that after the fact......ha ha. I closed for 90 pips and am very happy - not because I ...

james16 Chart Thread

I like Gbp/Usd pair the best of the two, but my entry would be below 1.6500. I won't take this trade only because I have another trade based on what the US dollar does and I don't want to lose 2% vs 1% if it doesn't work out. That is just my own ...

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Not everyone plays these the same, but I like them to close above the prior bar's high myself. At a minimum I think you want the close to be in the top third of the engulfing bar. The kind I like best are like the attached (for Buob) with a close ...

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I see it, but that area wouldn't concern me on my daily trade. It could hit it, pause maybe or reject it but 1.06 is more where my radar goes up. Nathan

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One last thing then I will shut up........... Regarding additional steps to improve trading: I learn a great deal from my losses. Look for patterns whether with the charts or your own behavior that are negative to your trading. Also, remember even ...

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Frank: I don't mean to jump in, as I am sure Mike will answer you, but I will give you a few ideas or at least some things I tried to do: 1) In terms of price reaching support / resistance areas pay attention to how price reacts at those areas on ...

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Usd/Jpy - Usd/Cad — The more I look at Usd/Jpy, the less interested I am. Scratching this one from my potential list. Just too dirty and too much traffic. It never hurts to glance (after a few hours break) at a your trading ideas and ...

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Eur/Cad — Moving stop loss to just above 1.0700....+/- 90 pips locked in at this point. It is at my area of concern 1.6550.........will monitor for now. I would prefer to see a break of this area, test and rejection. Very good chance the run ...

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No problem Dan, you explained yourself very well. Again, it was not meant to criticize. I had the 1.500 - 1.5050 as more than a minor area, but I understand what you are saying. As you pointed out you are going with the well established trend on ...

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Dan: Just asking a question, no offense intended, but aren't you concerned at all about the resistance in the 1.5050 area? I would think you would want to wait for a break well above this and then a retrace back to the 1.5000 - 1.5050 area before ...

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Yes, they are open but typically have a 2 minute moment of silence in honor of veterans. On that note, a huge thank your for all those who have served and those who continue to serve. You are not forgotten and no amount of gratitude will equal what ...

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Eur/Cad Update — Moved my stoploss to just above 1.5750, 40 pips locked in profit. Will see if 1.5700 now acts as resistance. If it does and price heads down further I will most stop to just above 1.5700 and lock in 90 pips. 1.5650 is a ...

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Wamo: I would just add that since you are still on demo why not compare both approaches (at least mentally if you cannot with separate accounts) to see which suits you better. Sometimes you can end up doing worse by getting too involved in trade ...

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Eur/Cad — I actually have a sell order below the two day pin on the daily. It rejected the 1.59 / 1.60 area and if it breaks below 1.58 I will enter short. Again, this view is based on the daily timeframe. Nathan

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Eur/Gbp Update — Exiting my position with +/- 40 pips, finding support at 0.8950 and think it is best to exit for now. If it does break below .8900 in the near future I will look to sell on a retrace back .8900. Nathan

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Aud/Usd — Same type of action on the Aud/Usd on the 4hr time frame..............curious to see if they break above or below these inside bars. Is it the pause before continuing higher or getting ready to drop back down.

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Great divergence, but what I don't like is on the hourly timeframe price is just hovering and bouncing below .9300.......almost like it is catching its breath before it takes off again!! I would definitely wait for some prime price action before ...

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Usd/Cad - Losing Trades — First, Happy birthday to Jim and thanks a million for all you have done!!!! Second, regarding losing trades I do include them (along with break-even). I have no problem showing the results of all my trades. I post ...

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Jim: Thanks for pointing that out.........ha ha, for a guy that preaches longer time frames, views the weeklies/monthly charts and loves these moves I am embarassed to say I didn't even know there was a monthly pin - I shouldn't be so ...

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Usd/Cad — I went long due to the inside bar at 1.06 level. I play these a little bit differently than most, as my long entry was actually just above 1.07. It will cost you pips in many cases, but I had too many trades in the past bump into a ...

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