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mike w replied Nov 16, 2007Well, that one didn't happen. I'll post my weekly thoughts if I have any here later today and tomorrow.
MW's trading journal
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mike w replied Nov 16, 2007Based on the 4 hour charts, we may be seeing another shorting opportunity on the Gbp/Jpy. It fell back from resistance and the bar may end up closing very bearish. Time will tell.
MW's trading journal
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mike w replied Nov 15, 2007I agree that it may not go all the way down to it before making a retrace if it hits at all. Thats why I just went ahead and closed out my trades prematurely. I just decided I would rather take the profit now than kick myself if it doesnt get to my ...
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mike w replied Nov 15, 2007Ok so I just decided to close out all of my positions so that I could get a good nights rest tonight and got screwed completely. I am not going to go into that here because it is a part of this business I suppose. I closed out my Aussie trade at ...
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mike w replied Nov 15, 2007So far we are into a fantastic profit. I am setting the take profit for the gbp/jpy trades at 224.00. For the Aud/usd, I am setting it's take profit at .8800. I closed the Eur/Aud trade at 1.6544 for a gain of 179 pips.
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mike w replied Nov 15, 2007All of my trades are fairly deep into profit now and so I am placing my stop losses at breakeven.
MW's trading journal
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mike w replied Nov 14, 2007The previous low was at 224.18. It came back up from there because it faced support. Now I think we will have enough steam built up to either get to the support area again or make a solid breach of it. If we do break it then I would look to see ...
MW's trading journal
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mike w replied Nov 14, 2007Pin bar on the daily chart for the Aussie. It bounced right off of resistance which makes me think we will see a good ride down in the next few days. I think we could quite possibly see .8800.
Aussie Pairs
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mike w replied Nov 14, 2007Thats a great trade Tiki. I wish I would have been around to get that good of an entry, but oh well the market is always here. I think this is going to drop quite a bit truthfully. I'm looking to see low 220's at the end of this week.
MW's trading journal
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mike w replied Nov 14, 2007I now have three trades opened based on the daily charts. They are on the Aud/Usd, the Gbp/Jpy, and the Eur/Aud. I sold the Aud/Usd at .8963 as well as the Gbp/Jpy at 228.40. I bought the Eur/Aud at 1.6365. These trades are all based on my dynamic ...
MW's trading journal
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mike w replied Nov 14, 2007Im with you on that Tiki, I havent got to place any trades today as I've had to be out for my family. I will post my trades after I make them.
MW's trading journal
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mike w replied Nov 14, 2007Tiki, the trade went beautifully Thanks again! I hope you got everything out of it that I got. My first position closed for 149 pips, the second for 454 pips, and the third that I didn't post here for 112. That was a great day and now I think that ...
MW's trading journal
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mike w replied Nov 13, 2007I think that the Gbp/Jpy may stall or reverse at the 230.50 area. I will be watching throughout the day and exit manually as needed unless it moves through and hits my take profit.
MW's trading journal
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mike w replied Nov 13, 2007If the pound stays as it is throughout the day (a bullish engulfing) then I will place a buy order at the end of the day. It hit support and bounced right off it. I think we will retest the highs again. The same goes for the Euro.
MW's trading journal
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mike w replied Nov 13, 2007Fantastic call Tiki. We're just about 100 pips in profit and now I will be adding to this position. I got another entry at 228.51. My take profit for this is at 230.00. I would love the chance to add at a lower price again, but I have to head off to ...
MW's trading journal
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mike w replied Nov 12, 2007Yep, I was actually just about to post this. I think we could realistically see 232, but I would place my take profit at 231 just as you have. This is a perfect setup. After this move back up, I think we will see this come tumbling down again. My ...
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mike w replied Nov 12, 2007I already had the position in from last Friday. I just closed it for a loss of 15 pips. Oh well, I think we will get another great buying opportunity soon; within the next few days.
MW's trading journal
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mike w replied Nov 11, 2007I agree with you on the Pound too, I think we will see at least a 200 pip downmove on it.
MW's trading journal
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mike w replied Nov 11, 2007Yeah, you are right Tiki (well, to the best of my knowledge). I have been thinking about it since Friday now. I think your target of 1.44 could be easily seen now. If that's the case, then like I said I will wait for a reversal signal and buy in at ...
MW's trading journal
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The area of comfort.
Started Nov 11, 2007|Trading Discussion|2 replies
Every athlete or scholar has faced times where they are uncomfortable in their training. ...