Yep, can see how that would be confusing. Will do that in the future. Entry on this trade was at 129.515 with a 30 pip limit.

Trading with Deadly Accuracy

Took a long position on the E/J and captured 30 pips, and am now waiting for a test of the resistance/support at 129.38, which is a price level between the .50 and .618 fibs. A possible barrier lies at 130.06, which looms ahead. image

Trading with Deadly Accuracy

Hey wmd, my thoughts exactly.

Trading with Deadly Accuracy

Hi tenthman, the head fake would be the last two candles on your chart that make the break. Was not referring to the trend on the day chart. Sorry if I was not clear.

Trading with Deadly Accuracy

Thought I'd offer my 2 pips worth here. Testing of levels is going on now but level is not know for sure, and must not forget the move north might be a head fake/false break out. Volume is pretty thin so who knows who is pushing this thing around. ...

Trading with Deadly Accuracy

wmd, Have been reviewing this thread, and wanted to thank you for starting it. Your approach is familiar to me as I have been using it for several years now. It is a very powerful perspective of PA on higher time compressions as you have stated. ...

Trading with Deadly Accuracy

Happy trading day to everyone. Tomorrow in US will celebrate Thanksgiving, and I just want to thank fti for this wonderful thread, for all of his hard work in putting it together, and for putting up with us! God bless fti and God bless everyone who ...

Technical Analysis Fallacy

Happy trading day to everyone. Hope you are all staying focused and trading well. I have been short the CAD several times since London open and am now watching the E/J for a long position. The yen seems to have found equalibrium so any move from ...

Technical Analysis Fallacy

LOL -- if only it were true!

Technical Analysis Fallacy

Agree that this is a good thread, because it strokes my ego to see someone trading with some of the techniques I use -- LOL! It is a good thing to recognize possible significant levels, but more important understanding why they may be important, and ...

Technical Analysis Fallacy

Happy trading day to everyone. I am a big fan of the GBP today and thank all those who helped it fall back to 1.6482 (where I got out of my short position from 1.6572). I have been jumping in and out of chf and cad positions today, too. Not bad for ...

Technical Analysis Fallacy

Happy trading day to everyone. Nice post MaMood, thanks! Hope you are all trading well and staying focused. I have been in several dozen trades so far this week with little to show for it, but I keep swinging at 'em as the forex pitches 'em. I am ...

Technical Analysis Fallacy

Welcome back luSan, you have been missed. How do you like NC?

Technical Analysis Fallacy

Hi auxesis, Made some pips on the $/Y, but pretty slow day for me up until then. Hope you all did well. Hang on for tomorrow.

Technical Analysis Fallacy

Hi lilpip, hope you are having a good weekend. If I understand your question correctly, you want to know why my risk/mental stop was not at 134.45 instead of 134.34? I think it requires too much TA discussion here, but I have a journal where I ...

TAF Based Trade Discussions

Here is another trade from last week on the $/CAD, making proper use of TA. Chart one shows a breakout trade opening up on the 10M candle at 1:50A CST. I was asleep at that time so I started evaluating the next entry at around 2:40A. My strategy is ...

(binned per thread starter's request) For What It's Worth

Here is a trade from this morning with some TA included. Great E/J opportunity with small risk for large reward, with the first target being the first -.270 fib, where the PA had some difficulty moving through, but eventually it did get through. ...

(binned per thread starter's request) For What It's Worth

OK, here is my contribution to the thread this week. This is the E/J trade from this morning (with TA removed). Agreed with auxesis that the yen was showing strength today. Entry may be considered a bit late but what the heck. The stop and limit ...

TAF Based Trade Discussions

OK, still in the E/J and watching it roll now. Hope you all are in this somewhere. Good trading to you all! Now looking at a short position on the $/CAD, but we'll see about that one. Edit: I am out of the e/j now as momentum has deminished. Will be ...

Technical Analysis Fallacy

Happy trading day to everyone. I took a short position on the E/J about 40 mins ago, and will try to hang on to it through the eur announcement in 12 minutes. Hope you are all trading well and stay focused.

Technical Analysis Fallacy