Hey HM, your doing fantastic! I'm about to go through your journal to see what I can learn from it. Just wanted to say hi and nice to see your doing so well.

Hakuna's pip stash

On the weekly charts, for the most part, I am only seeing continuations of the trend. Last week was the time to get the serious trades. The only thing that I am seeing as being tradable is the USD/JPY, which I am already in. The week ended as a ...

MW's trading journal

I'll post in a bit some weekly trades I'll be taking. I have to take care of some stuff first, then I'll be back with charts.

MW's trading journal

Here is a trade I am taking on the USD/JPY based on the daily timeframe. The price moved up to the resistance area, but couldn't break through. Instead, it moved lower to create a bearish engulfing: a reversal signal which gave us a solid entry. I ...

MW's trading journal

The USD/CHF trade is moving along nicely now. The daily bar closed as a pin indicating more downwards momentum and so I will add to this position if price moves higher again. If not, then I may wait for hourly confirmation to enter again later. I'll ...

MW's trading journal

Once I am around 40 to 50 pips in profit on the USD/CHF trade, I am going to set my stoploss to +10. I think this trade could ride out for quite some time by looking at the daily and 4 hour charts.

MW's trading journal

Short the USD/CHF to the bottom of hell. Well at least a solid 50 pips. Use everything but margin. lol

Cowboyfx live calls for free, get rich or go broke trying

I believe we have a solid selling setup on the USD/CHF. This is based off of the 4 hour charts, which are in a solid downtrend, as well as the daily charts. On the 4 hour, price was unable to get exactly to the resistance area of 1.1620, and so I ...

MW's trading journal

The Usd/Jpy came to Exactly my take profit earlier for a profit of 50 pips. I'm glad that I lowered the take profit level, which showed me that I had willpower over greed. I was going to try and let it push for just that 5 more pips of profit. That ...

MW's trading journal

Hey Tiki, I like your thought process on this trade, but if you'll look to the higher timeframes, we are in an uptrend. Don't go against it. If you would look at that chart and think of what could happen, you will understand what I am about to tell ...

MW's trading journal

Hey, thanks HM! I also read your journal quite a bit, and your a fantastic trader. Everytime I see a post in your journal I look at the charts and try to realize why you've taken the trade and if I would do the same thing. Half the time I wouldn't, ...

MW's trading journal

I believe that Elliot Wave theory is a very useful tool to know how to use as a trader, and so I think this thread should come back to life. I will start posting a few charts as they come along, and a few historical charts to show the outcomes of ...

The Basics of Elliott Wave Theory

I would think it would add power to the Euro, depending on how well off those countries are; wouldnt it? On the other side, if those countries are feeble, then it would, in turn, bring down the Euro. Am I right about this or no? This is just a ...

Both the Maltese Lira and the Cypriot Pound will soon converge into the Euro

Last night's Eur/Usd trade closed out at +20 pips, while the USD/JPY trade came within a few pips of the take profit. I still think it will get there, but thinking means nothing; it's what your seeing. I moved the take profit to 115.00 instead of ...

MW's trading journal

I don't know too much about Fundies, but from what I've seen in the past and in my viewpoint, if we would get a .25 cut that's already priced in, the price doesn't really get affected much other than the initial shock. What do you think?

Cable Update (GBPUSD)

Another trade that has just been posted is on the Usd/Jpy. I took this buy trade as price is sitting on a support level based on previous price and the EMA tunnel. We will be touching into resistance at the 115.15 area and so I will take profit ten ...

MW's trading journal

I didn't post earlier, but I took a trade on the Eur/Usd earlier today. I took it at 1.4386 and it turned out for a solid profit at +35 pips. It was based on the 1 hour charts and the trigger was when price hit the tunnel area, it bounced back ...

MW's trading journal

It didn't really comply with the strategy, but there was a solid buy order on the Eur/Usd on the 4 hour charts. My stop will be below the tunnel area at around 1.4330.

MW's trading journal

Well last night went well as I took away 23 plus 30 pips profit playing the gap on the Eur/Usd. I went to sleep and while I was asleep there would have been a prime buying signal. right now I will wait until the 4 hour chart closes to find a solid ...

MW's trading journal

Im not sure if anyone really practices elliot wave theory and puts it to use but this could be the top of the B wave correction. After this, the c wave downwards would be larger than the A wave downwards. Either way, the month isn't over yet, so we ...

james16 Chart Thread