I just put in this trade...GBPJPY going short. Opening candle opened and closed below the days PP so bearish sentiment. Stop limit order triggers just below the PP with take profit set at the S1. And yes this is a different Pivot Point ...

50 bucks...take 2

It's a micro account. I'm only trading a lot size of .01 which is very small butt this is one of things where you (in this case it's me) have to start somewhere.

50 bucks...take 2

Below you will see one of the trades I took last night. GBPJPY opened ABOVE the PP so I was looking to long. I put the order in on the vertical aqua line but the candle looked less bullish then. (This picture is from a few minutes ago) Buy limit ...

50 bucks...take 2

If you need to find consistency in trading, pivot points are about the only thing that will do that on a Daily basis. There are many different pivot point (PP) indicators out there but they all do the same thing...give you reference points to ...

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Yep...looks like Skippy found his sea legs. I guess I'm gonna have to amend my description in post #1.

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My trades are about to get much smaller...trying to hit big pops killed me. Shrunk down my target price and traded much better using pivot points. I wondered if that was gonna happen since my diagonal trendlines were breached on EVERY single trade.

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This weeks play, hopefully it happens fast. Watch it take off and head up to the diagonal line

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It sure seems like I have called everything wrong for the whole week but the reality is that it seems like most of the pairs are wound super tight. When they should've corrected they continued past the diagonal trendlines. Just look at any JPY ...

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This one is USDJPY. Picture of the Daily and 4 hr charts...guess I could explain the chart. Pretty obvious what's going on - price ran up to the diagonal trend line and is now retreating. I kept the entry/exit points close because I have to go to ...

50 bucks...take 2

Still waiting on AUDNZD to kick in. Put in another pending stop limit order with CADJPY Picture time!

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I did a trade last night after the above post and it hit about 35 pips...I was so tired I can't even remember any of it so I'll have to back track and look at it again. Just entered a pending trade on AUDNZD going short...here's the picture version.

50 bucks...take 2

Boy I sure stunk up the joint with those first 2 trades. They were primed to but never materialized so I'll look for something a little more imminent tonight. I bailed on that EURGBP because it was just lingering and looks like its gonna go up - not ...

50 bucks...take 2

Yeah I said this last night about GBPJPY..."This candle could easily retrace and form a hammer with its cute little tail hanging over the diagonal." and that's exactly what happened. Got stopped out which is cool. The Bulls could care less about the ...

50 bucks...take 2

Okay, gbpjpy looks interesting. First chart will be the Daily chart so we can see the overall trend. At first I thought it was gonna bounce off the diagonal trend line but then it broke thru it. This action is based off of market sentiment due to ...

50 bucks...take 2

Looks like usdcad broke thru...should hit 1.01880 area if not lower (now let's see if I can load a picture)

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Several nice set ups happening for early/mid next week... gbpjpy...going after resistance from Aug 2009 usdjpy usdcad...could be a crazy one cadjpy eurgbp...should drop pretty big unless it breaks diagonal resistance eurusd

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Looking like this is going to hit around 1.31100 to 1.31200 before a correction. Higher than that? I don't think so but I didn't think it had the steam needed to be where it is because of Bernanke's speech/action. Safe to say I misinterpreted the ...

Starting with $50

Oops! Looks like I was a little early getting in. My short trade was stopped out...my impatience cost me $9. RSI on the 4hr is now over bought. Will it wait until the Daily chart shows the RSI as over bought before it tanks? I don't know so I placed ...

Starting with $50

Okay, now here's the 4 hr and 1 hr charts. Indicators and settings: 1. Fibonacci's 2. Stochastics (5,3,3 and 21,3,3) 3. RSI (14) I was told by our friend in prison that the strongest moves come when the RSI reaches over bought/sold conditions ...

Starting with $50