Thought I would document the follow-on trade to the first CAD trade posted above (post above is a 5 min chart, the following is a 10 min chart). Second entry was at 10:00 CDT, entering with a 30 pip stop and 30 pip limit. First trade clipped the ...

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

Well, I guess I will post this trade on the $/CAD. There are several good entry points, particularly the failure to O/C the .786 fib, and the break of the fib base at about 1.0734. My entry was at 1.0745, and I had a limit of the -.618 fib at ...

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

Will not be posting this morning as I am focused on trading only today. I am in the E/$ and the E/Y now, and looking for more. Good trading to everyone.

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

Very busy trading day, but it looks like everyone was too busy to chat today. Hope you all traded well. I will assume you are all out spending the hard-earned pips you made yesterday.

Technical Analysis Fallacy

Here is an example of the market squaring up, using the $/Y example from today. I traded it south, and later missed the trade back north. But, this kind of PA happens all the time and is very much worth trading, either both ways, or when ever you ...

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

Sqaure on the $/Y trade at 94.73 - growing old waiting for this thing to move! LOL

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

Yen trade is still running with announcement in 19 minutes. Have moved stop to 94.82 from 94.87.

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

Short the E/$ at 1.4380, with protection now at 1.4380, limit at 1.4350. Announcements in 22 minutes so covering this trade quickly. Would rather be flat at announcement time than in a trade with heavy exposure. Edit: flat at 4380

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

Just wanted to state for the record that this is just a trading journal for my trades and ideas. I post here just to share ideas with friends who are viewing this stuff, and welcome ideas and comments. I am not a mentor nor am I an advocate of ...

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

Quick post of the trade on the JPY this morning. Tried to enter at 94.95 but got in at 94.92, on the breakout. Original stop noted, and the limit was set based on previous supports (orange lines). BTW, this is a 10M chart. image In summary, ...

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

Re-worked the $/Y trade again, and have taken 1/2 the trade off at 94.54. New stop is move back up to 94.87, and take profit on remaining is set for 93.97. This trade is now on automatic and I will not be actively managing it.

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

OK, $/Y trade is now really moving, will set protection now at 94.62, and if stop is hit will look for quick re-entry.

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

Just finished chart work and am in the $/Y at 94.92 and have been in for about 45 minutes now. Protecting entry price as I complete analysis. Back later.

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

Hi luSan, corporate earnings come from laying off 2.5 million workers, and the prospects that another 1.25 million will be layed off by year end. The whole thing is a mess and the current party in charge is running, not walking, down the path of ...

Technical Analysis Fallacy

LOL - well said.

Technical Analysis Fallacy

Hi imjscn, I know there are traders here who have deep expertise in equity trading, but I can't get over the feeling that this surge in US equities is very suspect. There is very little being done re: the US economy and US financial markets that is ...

Technical Analysis Fallacy

I stepped out for some fresh air and a cup of tea, and now back waiting for a pull back. Been a good day so far and do not want to chase the market. Its only Monday and been a good day so far, so no need to get greedy or stupid (which sometimes ...

Technical Analysis Fallacy

Happy trading day to you all. Looks like you are taking it to the market today for sure. Good for you all. I have been in and out several times today and am so far happy with the results. Hope you are all still on the euro train and riding it high.

Technical Analysis Fallacy

Time to take a break. Have been in several trades and netted about 6% on my margin account so far today. The basic idea behind my trading strategy is to risk no more than 3% on each trade and try to hang in for twice that amount. I am usually ...

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

Long the E/J at 136.83, now protecting the entry price Edit: Now protecting 136.93 Edit: Will take profit at 137.32, and have moved protection to 136.88. Need a break of 137.13 before 137.50 is in sight. If I get stopped out will stay on this for ...

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