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mike w replied Jun 22, 2010I know of one thing for sure, and that's yours! How's it goin brother? I saw that gbp/chf trade....sweet my man! I was in the same thing as you but didn't ride it as long. Nice management for sure!
MW's trading journal
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mike w replied Jun 22, 2010That's awesome brother! I just googled the Wisconsin Dells and it looks damn nice! That's nice to live so close to the marina too, my man. Shoot, If I had a houseboat, I doubt I'd even leave it lol
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mike w replied Jun 22, 2010Well, I woke up to both pairs having taken profit. The gbp/jpy at 133.25 and the eur/jpy at 111.20. 91 pips on the eur/jpy and the gbp/jpy for 220. Could I have held on to those? Sure, but it's not worth it to lose my cash at that point. I'd rather ...
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mike w replied Jun 21, 2010I set up a trade on the eur/jpy at 112.11 a little while ago and plan on letting it ride for a while. Gbp/jpy is still on as well and I'm getting some sleep for a while till around 2.
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mike w replied Jun 21, 2010Hey Trublu, this would be a BEOVB after an I4B if price closes as it is. Bearish bar encompassing the entire previous bar; The previous bar having been an inside bar with a smaller range than the past 3 beforehand. This is the eur/jpy, which I will ...
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mike w replied Jun 21, 2010Yep, this day has a very solid chance of the gbp/jpy and eur/jpy to close as BEOVBs after those I4Bs. Locked in profit on the gbp/jpy now and heading out to enjoy this gorgeous day till 5 o clock when I'll more than likely enter a short on the ...
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mike w replied Jun 21, 2010The Pound itself is actually looking hot to keep running with that trend on the daily timeframe. Pop up a trendline and you'll see what I mean. I can't wait to see how the day closes for the eur/jpy as well. I'll definitely be taking a short on that ...
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mike w replied Jun 21, 2010That's it too brother. There are so many ways to trade it, it's unreal. I normally just check the 4 hour charts and if there is something worthwhile indicating where price may head in the future, I'll start looking at the 5 minute setups to get on ...
MW's trading journal
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mike w replied Jun 21, 2010After today's trading day is over, I'm going to be posting up some stuff that I'm grateful for in life. Anybody and everybody is free to join in that too and I'd actually suggest it. Anytime you focus on what you're grateful for, you're just setting ...
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mike w replied Jun 21, 2010That's because it IS so easy brother. We, as humans, try to complicate it though. I normally set up my take profit levels based on the higher timeframe charts, including the 4 hour chart. If I don't see a possibility for a runner, I normally won't ...
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mike w replied Jun 21, 2010Here's the chart. Simple price action really.
The IB followed by the fake out. They're easy to find.MW's trading journal
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mike w replied Jun 21, 2010My reasoning for realllllyyyy liking this setup is that we've had an I4B on the daily charts. In my experience with these, when price gives off a "head fake" signal and then shows an inclination towards the other side, that's where it's headed. I've ...
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mike w replied Jun 21, 2010Same deal again. Entry at 135.45 with the stop loss at breakeven trying to see if it'll ride with that 4 hour setup. I can do this all day for the chance to catch a runner on it.
MW's trading journal
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mike w replied Jun 21, 2010Out at cost. lol That one didn't last too long. Now, all there is to do is wait for the next setup. The reason I wouldn't let that gbp/jpy setup ride out is that, even though we saw a nice 4 hour bearish bar, it's against the trend IMO. When they ...
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mike w replied Jun 21, 2010For five Alec. And then four. Here's the 4 hour chart of the gbp/jpy showing a bearish pin along with the 5 minute chart of a retracement. I'm already at B/E and waiting to see if this becomes a runner.
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mike w replied Jun 18, 2010Low for the day was 1.0205. Yep, I'm on it. lol These happen all the time ladies and gents. Have a great weekend, ole chaps. I'm out for the night with the "goodfellas".
May post some stuff tomorrow just to recap this great week and note a ...MW's trading journal
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mike w replied Jun 18, 2010Here's one that I didn't have time to get in on but I'll post it here just to see how it pans out. My initial target would have been 1.0200, maybe a little above actually. I like watching these just to note how "on it" I am or not. Sometimes I'm ...
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mike w replied Jun 18, 2010Well, we got two B/E plus a couple pips from the trades last night on the eur/jpy and aud/jpy. Today I'm seeing nothing worth trading really. Just been doing the dance with the 5 minute charts on the gbp/usd after I saw the bearish pin bar a few ...
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mike w replied Jun 17, 2010Price is riding along nicely now and on this hour's close, I'll be adding a new position on the aud/jpy as a long order with a target of 79.25 initially. I have a hockey game tonight and I'm going to see a few friends for a life session before that ...
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