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ocd replied May 8, 2014Tonights trade will be bullish. The volatility is so high on the GBPJPY I suspect it will tank to hit a diagonal trendline and then climb considerably...possibly forming a double top at the 173.450 price. Obviously I am speculating because who can ...
Late night trading
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ocd replied May 8, 2014Well, I might as well update my journal since its been awhile. For last nights trade I put the Bobokus fibs on the high/lows of the the previous days London session on the 1 hour chart. The market was trading down but I saw that the CCI (set at 3) ...
Late night trading
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ocd replied May 2, 2014I'd like to chime in. If the market is trending, you don't need a stop loss unless you are trading against the trend. If the market is consolidating and you are trading in the slop (the market is sideways), you don't need a stop loss...this one to ...
Trading Without a StopLoss
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ocd replied Apr 8, 2014For my records in case I get lost in trading methods, the following are very productive for me. FWIW, I've given credit to whoever I got the methods from but I have modified/eliminated/simplified their ideas. Diagonal trend lines always trump any ...
Late night trading
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ocd replied Apr 3, 2014Ouch son! That one hurt...glad I had the stop loss in place but I want to get a little more conservative with that tool because on a Daily chart the trend is either gonna run or it is not...should have lost half as much on that stop...will fix. ...
Late night trading
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ocd replied Apr 1, 2014One more picture. Current trend info so I can compare information. This is a caveman system, just as basic as it gets and I think I'm ready to love something like this.
Late night trading
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ocd replied Apr 1, 2014It didn't let me post the second picture so here it is...this where I set the diagonal trend lines to establish entry and exits. Must have a stop loss because no guarantee that once it has broken the diagonal trend line that it won't use it as ...
Late night trading
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ocd replied Apr 1, 2014Since this my journal I would like to look back and read this if it ends up being some sort of trading break through for myself. I would like to look back and see where my head was. I love trading a highly volatile pair and GBPJPY fits the bill. ...
Late night trading
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ocd replied Mar 28, 2014url Simple, technical analysis article proposing an idea that the GBPJPY pair may be heading to Tank City. Personally, I think an Adam and Eve formation is happening on the 1 and 4 hr charts.
Late night trading
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ocd commented Mar 27, 2014Bobokus....utterly Bobokus.
Should You Adjust Where You Start Your Fib Retracements?
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ocd commented Mar 25, 2014Exactly...great comment. In our current economical environment here in the US, evidently nothing will bring corruption down. The government won't do anything because the banks have bought crucial government employees. The only way the US removes ...
Russia Gets Ready for Life Without Visa and MasterCard
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ocd commented Mar 25, 2014One single bullish candle based on emotional retail hype so far. And then 11 doji's? Surely you guys know what that means? The big players are gonna push this down into demand level before they pump it up to 1.41. The only thing that saves this ...
EURUSD moves to the longer term trend line
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ocd commented Mar 24, 2014For the ones much smarter than me that said I was wrong on a short position...shame shame. 53 pips last night for going short...and again, school is in session ladies...short term using the 4 hour chart NOT the 5 minute chart. However, had you used ...
EUR/USD: Key For A Game Change; Cable: Breakout Line Next - JP Morgan
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ocd replied Mar 24, 2014Yeah I'm bumping a thread from 2008. If anyone is looking for a system that will give you an excellent timing for an entry, this is it. Skip all the indicators - trash them. Only use the 4 moving averages on the 5 min time frame...powerful. That's ...
Pips Du Jour
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ocd commented Mar 24, 2014I can see a short term short position as a possibility...put you one of those fancy SHI_channel indicator things on your 4 hour chart and you'll see it too. Dig the tech terms?
EUR/USD: Key For A Game Change; Cable: Breakout Line Next - JP Morgan
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ocd commented Mar 11, 2014I like that bantering between the bears/bulls...both you guys are correct. Go long and wait or go short and wait. Either way, GBP is a highly volatile currency that will hit your target prices unless you are too demanding in your expectations.
There’s the stops in cable
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ocd replied Mar 7, 2014Well this is awesome. I see the pattern for my ego/pride problem I didn't know I had. It's like this...I can bowl with an average of 250 when I bowl by myself. I join a league because I'm pretty good (in my mind) and my average goes down to a rock ...
Late night trading
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ocd replied Mar 7, 2014What do you have that wasn't given to you? Paraphrasing a scripture in the Bible is appropriate for me trading forex technically. Everything I now know is because of searching the internet message boards, in particular, ForexFactory...all for free. ...
Late night trading
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ocd replied Mar 6, 2014Almost forgot to write about timing. I'm going to physical therapy in a few minutes so that post will happen later tonight. I will write about: fibonacci retracements for exit strategy and PSAR for timing an entrance...these two are crucial. For ...
Late night trading
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ocd replied Mar 6, 2014Sorry about not posting yesterday, I'm having some complications from the knee surgery. Anyway, that trade from Monday night killed me...I went short and the pair went long so what do you do? You exit. So I tried to do so gracefully but there never ...
Late night trading