Hi zoomzoom I only hope I have helped in a positive way, this is just part of my curve I am also working my way through on my journey, one thing you said at the end of your post about traps/pigs/ducks, again this is just my interpretation of what is ...

Technical Analysis Fallacy

Hi zoomzoom My friend to me this is my basic understanding of impulse/counter impulse waves, in your previous post it seemed to me as though you were talking about targeting these bigger waves, in my experience it is very hard and frustrating to do ...

Technical Analysis Fallacy

hi fti enjoy the scenery my friend , wishing you well regards Phil.

Technical Analysis Fallacy

hi zoomzoom may i draw your attention to fti's first post and this extract. What many traders do not know, or may fail to recognise, is that your success in taming the markets, is comprised of a mix of ingredients. Not so unlike in baking cakes. ...

Technical Analysis Fallacy

i am all square now this was my last week of trading this year, i will be back after the first week in the new year, i will still check on this site now and again. here is my aud/jpy trade, i would normally ride it a bit more but it is NFP today and ...

MY Journal-phil13

update on the aud/jpy rescue..... this is were you must have patience and calm emotions to be able to achieve an effective rescue. image

MY Journal-phil13

hi dongsky thank you for the encouragement, it is good to hear from an experienced trader like you. goodluck my friend. this one was a risky trade against the main direction (as i stated above), so rescue was always out of the question, i was in ...

MY Journal-phil13

image ooops, lighten the load on this one for now...... image

MY Journal-phil13

easing into this one now...... image sending in the big guns now...... image

MY Journal-phil13

not watching for shorts in the aud/usd anymore, looks to be bottoming H1. still watching eur/aud may be nearly ready looks like M5 has a 'takeout', will post if i start a trade. here is the aud/jpy, skewing in small at the moment.... image image ...

MY Journal-phil13

here is another i am watching, FTI and V were talking about this one earlier, i already had it on my watch list, so this is how i see it. i will probably miss the best entry (if it happens) as it is getting near the end of my daylight.....lets see?? ...

MY Journal-phil13

image pulling out and watching here for now.... image

MY Journal-phil13

'takeout' has now followed through to M5, now looking at M15 for a follow through, looks like it needs a retrace to achieve this???but the question is will it turn here or further down to do this??? image image

MY Journal-phil13

M1 can give me very good entry levels and used/read like this is not as fast and noisy as you may think.... in this case news is due very soon so i will not be adding yet. image

MY Journal-phil13

image knocked it down a time again to M5 and added a bit more..... mindful of news soon. image

MY Journal-phil13

update.... my thoughts on this trade. image

MY Journal-phil13

image adding some small troops here.... image

MY Journal-phil13

image scouting..... looking at M15 for possible troop entry now. image

MY Journal-phil13

this is my last week trading as well, got some other things need doing and do not want to get caught up in this..... image image regards Phil.

Technical Analysis Fallacy

ok, i was lazy! went to bed early so missed the weekly open and the opportunity on the aud/jpy has now moved quite a bit so i will not chase it now..... image here is another i am currently watching on the hour, to be noted in h1 it has a double ...

MY Journal-phil13