No, I just use it to tell me if the currency is overbought (+100) or oversold (-100). Using the 4 hour chart you will see it either at the top or the bottom...it can continue in that state but a reversal is usually coming of 30 to 100 pips. As I ...

Late night trading

Got into that trade too early last night. Didn't wait until the London open thinking I could get a nice jump start on a run...checked it before I went to bed and was that ugly. Fortunately, it still went in the direction I thought it was gonna go - ...

Late night trading

Here comes a nice short for about 15 pips but I'm getting ready for bed so I'll pass and trade tomorrow night. Tonight was a good enough start. Edit: checked it before I went to bed and looks like that short would've been good for 64 pips - looks ...

Late night trading

That was a nice first trade (30 pips). Looks like I messed up the lot size though.

Late night trading

Okay, it's all set up I just have to make a trade before the Trade Explorer will show for some reason. I'll be here around midnight'ish MST for my trade.

Late night trading

Mercy...uncle...what else do I need to say before the pain stops? So that was horrible. Only a 22 pip loss but times .04 lot size but it proves you can think you know where the market is going and then BAM! So I'll walk it off and trade again.

50 bucks...take 2

I went for a quick, simple trade tonight and it looks like it will go bad. Opened above pivot point so I went long. I waited until it hit the pivot point and set a buy stop above the consolidation area and somehow it got triggered and, of course, ...

50 bucks...take 2

Trade canx. It went up and stayed at the pivot point like troops massing on the border. Fortunately, it didn't trigger my trade and then do that.

50 bucks...take 2

Hello, EURUSD opened below the pivot point tonight (Sunday) so looking for bearish trade. I can't quite tell but it may have already found a bottom of this current bearish trend from last week so we'll see tonight. Could easily turn into a bullish ...

50 bucks...take 2

Haven't updated this since Weds night and made a trade so I need to post this picture. Small gain with .02 lot size trading EURUSD on 1 hr chart.

50 bucks...take 2

Okay, so Tuesday nights trade didn't happen at all. The trade never got triggered because the it went bullish after I set the order. Wednesday night was different though. Once again, pivot points said bearish trades so I went short. Aqua (vertical ...

50 bucks...take 2

Tonight, opened well below the pivot point so bearish night - I'm going short EURUSD with lot size of .02 again. I loaded Fibonacci's on yesterday's high/low points along with my pivot point indicator. I think it will go down to 1.36878 (or the ...

50 bucks...take 2

This is from Monday night.. EURUSD and the bias for the day was bearish so I went short with .02 lots...good trade for + 19 pips...after it hit my take profit level, stinkin thing took off which would've triggered my stop loss...whew!

50 bucks...take 2

Well last night was a trap I fell into. Many guys would have you believe stop loss "hunters" were at work...but that wasn't true. I traded AUDNZD last night and the trade was a fail. Two mistakes were made... #1. I set my entry too close to the ...

50 bucks...take 2

Interesting trade tonight. If you get frustrated by congestion then look at these 2 charts. USDJPY opened below the Pivot Point so I was looking to go short. Enter on green, exit on maroon, stop loss is black...teal vertical is when I put the stop ...

50 bucks...take 2

So I kind of like this Pivot Point (PP) indicator because it has several little additional reference points such as Yesterday's High/Low and even the Fibonacci retracements relating to those points. In case my computer crashes and I need to find it ...

50 bucks...take 2

Since these Trading Journals are kind of like trading diaries I'll add this... Took a crossfit class yesterday and during it got the most massive headache I've ever heard of, except those in Mission Impossible 3...and since a friend of ours died ...

50 bucks...take 2

So I went to bed late last night after the trade had been set and everything looked good. Woke up this morning only to see an 84 pip loss (-171 pips since it was a lot size of .02)........... That definitely was NOT supposed to happen since I ...

50 bucks...take 2