Thank you very much. Self-taught trading is both one of the most rewarding and the most frustrating accomplishments in my business life. These last two months have been borderline psychotic in my obsession to really figure it out to the point of ...

Starting with $50

My little light bulb had gone on about a week before I met the guy in prison but he added some key info. In the chart below, this is how to determine the trend. Nothing's perfect, one of those "pencil's have erasers for a reason" kind of things but ...

Starting with $50

One more thing you guys might find interesting. I met one of those guys we read about who got busted for a Ponzi scheme. I won't get into how I met him but he is in prison for it. I asked some questions about his personal trading style and the ...

Starting with $50

Ever realize you drank entirely too much and then, throughout the day, you begin to remember images of things done? Did I really put that lamp shade on my head and dance with the bosses wife? I did not blow chunks on your front porch...did I? Well, ...

Starting with $50

EURUSD, USDCHF and CHFJPY on the radar....and NZDUSD, I really can't see how it is bullish but channels say it is. On a side note, I have really gotten myself into a pickle over the last 2 weeks due to bad decisions. Ate my Wheaties and am ready to ...

Channel surfing!

Getting my butt kicked on this trade for now. And I see why. I am bucking the trend. It looks like I was getting in on the reversal according to the Daily charts 5,5,5 Stochastics. After it started going up I looked into what was going on. The ...

Starting with $50

here is the 1 hr chart...

Starting with $50

Tonight's trade — First chart will be the Daily chart...notice the 5,5,5 Stochastics is overbought and primed to tank. Second chart doesn't match up yet but it is heading to an overbought condition, probably after I go to bed. The Daily trend ...

Starting with $50

Indicators and chart clarification — From here on, I will be showing three charts: the Daily, 4 hr and 1 hr for entry. Daily will show general trend and looking for matching 5,5,5 and 21,5,5 Stochastics, doing the same thing ideally. If both ...

Starting with $50

In the FOREX arena there is a very fine line between complete failure and massive success. One is very, very frustrating and the other is all business. That being said, the last 7 to 10 days have been the darkest period of my little forex career. I ...

Starting with $50

EURCAD looks to be setting up for a long but it is not near the demand level...then is it still a possible trade? I'm seeing that this whole supply/demand criteria is crucial when trading the channels. Otherwise, it just continues its current trend ...

Channel surfing!

Thanks tmoney and bill for your answers. I never would've thought that the candles would be different but okay. Anyhoo, according to my chart, AUDNZD is setting up for a short. Have to see after this candle. But I do have a question about ...

Channel surfing!

Tonight's trade — Okay so GBPUSD never materialized and a better trade came along... EURAUD pending Buy Stop Entry = 1.27025 Exit = 1.27925 4 hr chart shows both channel bullish and price is/should be coming off the 4 hr channel. My pending ...

Starting with $50

GBPUSD — On the current pending trade of GBPUSD I have changed the exit to .61750 which is today's Resistance 3 level of the FiboPiv indicator. It also is the first level of Supply from the Demand level...pretty cool. The 5,5,5 Stochastics (on ...

Starting with $50

tmoney, I have the highest respect for you and your method of selecting your picks. But why is my chart not matching yours? The candles themselves look different. Just look at the last 4 candles on this 4 hr chart of AUDNZD and compare it to your ...

Channel surfing!

That's gonna be a solid pick right there. I missed it watching the game.

Channel surfing!

Weird...my 4 hr chart does not show that it closed outside the channel. But that pig is getting ready to drop.

Channel surfing!

Looks like I got out of NZDUSD in just enough time before it pulled back. Anyway, I'm back and it's on to the next one! I do like trading more than one pair because it isn't so restrictive. I just put in a pending order for a trade I think will be ...

Starting with $50

Last night's trade — NZDUSD I just closed that trade after waking up because the channel has shifted from up to down. This means the trend now has a downward momentum...probably. Normally I would NOT exit this trade so early because the ...

Starting with $50

Tonight's trade — Okay, so I was stopped out a few hours ago. We will try it again. This time I will be more cautious about the trade itself. Pending Buy Stop Pair: NZDUSD Going LONG Entry = .81850...exit = .82350 No Stop Loss this time Why am ...

Starting with $50