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mike w replied Nov 18, 2010Wow, It's hard to believe that it's been over a month since I've written in here. Better lay off the peyote! jk lol Trading is great as always too my man, I've just been chugging along as always. I'm still trading the 5 minute, 15 minute and 4 hour ...
MW's trading journal
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mike w replied Nov 3, 2010Currently holding B/E at 80.40 now. As for the Aussie, I'm short but I don't know for how long. That'll be shown to me along the way. Sorry Mikej, I know that's a cryptic answer but the only one I can give all the same. Enjoy yourselves ladies and ...
I'm going long USD/JPY at 80.50, target 100
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mike w replied Nov 1, 2010Hey Xaron, nice setup. I'm doing the same up to 87 with a 75 pip stop from today. It's worth the risk I'm willing to put out for it. Just a little something different from what I normally do on the 4 hour charts.
I'm going long USD/JPY at 80.50, target 100
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mike w replied Oct 20, 2010Yes ma'am. I ended up doing A LOT of countertrend and peak/trough work this past summer due to the ineffectiveness of price sticking to the 21 for the trend. You're not alone. I'm going to send you a PM Judith.
Jankone M5 thread
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mike w replied Oct 13, 2010Think about what you wrote here. There's a correlation with these two thoughts. This isn't a hard working business, it's a smart working business. You work when you are presented with work and not one minute more or less. If you want to have a "hard ...
Jankone M5 thread
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mike w replied Sep 29, 2010Hey Judith, Sorry I wasn't around in time but yes. Price action at the 21, on 4 hour charts, are money in the bank time and time again. I hope everything is great for ya!
MW's trading journal
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mike w replied Sep 25, 2010Matt!!! What's up my man?! Damn brother, I was wondering what happened, how is everything?! I'm glad to hear from ya again, that's for sure!
MW's trading journal
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mike w replied Sep 20, 2010Hey Srelhed, I'd pay you or exchange some info to get those emailed to me as well. I lost mine due to a lovable dog and don't have a copy on my computer. lol The 4 hour method has the possibility to make you very rich if you use your head with it. ...
Vegas Wealth Builder - Part I
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mike w replied Sep 13, 2010Man, was that a nice vacation with no computer, no phones, no nothing. Awesome. It's over now and it's time for me to get back to the grind. Looks like I missed a whole lot of nothing in the past 2 weeks, that's for sure. A bunch of idiots trying to ...
MW's trading journal
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mike w replied Sep 1, 2010Yikes, loss of 30 on that one. Nothing worthwhile on the 4's here lately or so it seems lol Running the 5's in the meantime! I'm taking a vacation tomorrow and won't be back for 2 weeks though. (I'll definitely be back earlier, I'm a trader, it's ...
MW's trading journal
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mike w replied Aug 31, 2010Most definitely, I'd take those setups any day of the week. I actually wish I would have seen that hourly setup too. That's just money in the bank my man. Hockey's great too! It's never bad brother! What's new over your way?
MW's trading journal
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mike w replied Aug 31, 2010Here's a good looking Euro setup. I got taken out of that chf/jpy trade for a loss before it reverted right back to where I thought it would. Being right in this business means nothing. Making money is the only thing that matters. Steve, sorry I ...
MW's trading journal
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mike w replied Aug 30, 2010I didn't even see this post haha But yeah my man, it was a tough one lol Here's a decent looking setup on the chf/jpy at the moment.
MW's trading journal
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mike w replied Aug 27, 2010Heck yeah my man! That's always a good thing, and you know I will! haha You do the same brother!
MW's trading journal
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mike w replied Aug 27, 2010Just closed a day that should have been a loss as a gain. Lesson of today, adapt to changing market conditions. If you weren't getting long on those massive one hour bars (And short on some pairs), there is something wrong there. Have a good weekend ...
MW's trading journal
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mike w replied Aug 27, 2010Yeah brother, everybody takes losses. I'm just glad that I was quick on the uptake today and cut some of them short by looking at the 5's. I'm at a loss on the day, but it's actually fairly close to even with some of them having gotten to TP before ...
MW's trading journal
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mike w replied Aug 27, 2010I've been getting SLs and TPs hit all over the place this morning. lol It's looking like a trend change or range bound at the moment now on most pairs. I'll post back in a bit once I change up a few positions here. Bernanke must have really stirred ...
MW's trading journal
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mike w replied Aug 26, 2010haha That's it too brother. It really is simple stuff, the only people that don't make money are the ones who overcomplicate everything...which just so happens to be a lot lol
MW's trading journal
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mike w replied Aug 26, 2010I have a feeling that today is going to close up as the best day that I've had in a while. Beautiful. I'm off now that I have everything set up, have a great day ladies and gents!
MW's trading journal
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mike w replied Aug 26, 2010Zoom out your charts a bit more my man, when they are bunched up like that, it's difficult to see anything. IMO, the nzd/usd is decently primed at the moment, but when you have your charts zoomed in like that, you can't really see the big picture. ...
MW's trading journal