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mike w replied Jun 29, 2010Well, The gbp/chf trade closed last night for a profit of 22 pips when I factor in the loss from the weako management, which still isn't bad at all. It went straight to the TP area at 1.6360. I doubt there will really be much to trade today as there ...
MW's trading journal
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mike w replied Jun 28, 2010That one just closed at a loss of 18 pips. I'm still looking for decent price action on the lowers for entry on it considering that we're towards the top of where I would consider placing an order. I'll be staying up late to watch the lowers as well ...
MW's trading journal
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mike w replied Jun 28, 2010I've just entered a position at 1.6422. It's worth it at this point for me to place this trade on the pullback considering the circumstances. My SL is going to be placed at 1.6450 initially and the target of 1.6360 is still in my sights.
MW's trading journal
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mike w replied Jun 28, 2010On the break of this 4 hour setup, I'll be placing a short order with a target of 1.6360 initially and, depending how price gains momentum, possibly lower. This is one of those trades that I'll be watching the 5 minute timeframe for multiple entries ...
MW's trading journal
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mike w replied Jun 28, 2010Hey, how's it goin T.J.? Yeah man, definitely go get that book and others that you can find and start liberating yourself brother. It really is life-changing when you start to put this stuff to work for yourself. Tony really is a brilliant guy with ...
MW's trading journal
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mike w replied Jun 28, 2010Not a thing brother, just watching the price action before I hit the beach for the day. Two things I really love in this world, the beach and good PA lol
james16 Chart Thread
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mike w replied Jun 28, 2010My man Mike is right. Just keep your head on, wait for solid setups, and then trade it as if there were no money involved. Trade the setups as if you were just trying to trade in the most consistent gaining manner possible. Believe me when I say ...
james16 Chart Thread
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mike w replied Jun 27, 2010I'm reading one of Tony Robbins' books right now and it's awesome. There is so much to gain from this guy and here is one of those things.... Everything we do is out of our attempt to gain pleasure or avoid pain. If we re-associate things that we've ...
MW's trading journal
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mike w replied Jun 25, 2010Here's a textbook setup I missed. This is one that I would have run the 5 minute setups on afterwards instead of getting in on the close. Check the 4 hour trend and bullish setup, followed by the 5 minute continuation setups. Plain and simple. It's ...
MW's trading journal
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mike w replied Jun 24, 2010Shoot, at this rate, it'll hit TP before I can even get in the shower. I love simple nights with simple trades.
MW's trading journal
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mike w replied Jun 24, 2010I just got in down here at the beach and saw this short opp on the aud/usd so I'll be taking the short here, targeting .8615, then getting some sleep after being on planes all day. Have a great night ladies and gents!
MW's trading journal
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mike w replied Jun 23, 2010I'm diggin that outlook on the nzd/usd my man. With the right price action, I'd definitely take the same as a trade.
Nearly Naked (Simple Trades)
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mike w replied Jun 23, 2010I'll be hopping on the short train when this 4 hour bar closes for the chf/jpy. That's IF it closes as it is now, which I think it will. My T/P will be at 80.65 with a stoploss at 81.60 initially until I see momentum start to move in my favor on the ...
MW's trading journal
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mike w replied Jun 23, 2010BTW, it's also FOMC today so that's my cue to go enjoy the day. Screw gambling.
MW's trading journal
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mike w replied Jun 23, 2010Hey FXP, thanks brother! How's everything goin my man? There hasn't been anything worthwhile to trade as of yet today IMO. My 4 hour charts close up in 15 minutes so I'll see if anything looks good at that point in time.
MW's trading journal
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mike w replied Jun 22, 2010Here's one I missed while out to lunch today. The cad/jpy showed a bearish IB. My take profit would have been 87.90. Nice setup, I'd trade that all day, every day.....provided I show up to trade it
T/P would have hit for 55....meh, I'm a bum. lolMW's trading journal
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mike w replied Jun 22, 2010Oh haha I'm losin my mind! I thought you sold where that line was at on the chart. My bad! lol
MW's trading journal
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mike w replied Jun 22, 2010I was going to pull up some trading on the 5 minute but it's looking like junk right now so I'm gonna find somebody to go to lunch with. Have a good day ladies and gents!
MW's trading journal