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lovejoy80 replied Apr 8, 2010EUR / SGD - pin bar was formed and it has broken but decided to keep my positions as long as the PPZ holds then I'mmstaying in if it doesnt I'll exit all trades for a loss. Was very close to doing some EU and UCHf trades earlier speculative counter ...
My path to financial freedom
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lovejoy80 replied Apr 8, 2010Added another position short on CAD/CHF - break of the consolidation. 1.0656 - 1% - SL @ 1.0699 Added another position on U/C - break fo consolidation - 1.0098 - SL @ 1.0060 - 1% @ risk Watching this setup on AUD/CAD for a touch trade short.
My path to financial freedom
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lovejoy80 replied Apr 8, 2010Not to take stupid trades
Nah...should have been more patient and waited for either some price action at the PPZ to warrant a short or for the 4HR to close to see if we closed above / below the PPZ...either that or just continue playing the trend ...My path to financial freedom
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lovejoy80 replied Apr 8, 2010Exited A/J - might be a bit premature as it might yet test the TL but it reversed off a PPZ....might regret this but hey ho. Exited both shorts @ 86.17 - small loss on one and a gain on the other. Exited Gold long @ 1151.40 - I dont think there is ...
My path to financial freedom
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lovejoy80 replied Apr 8, 2010EG trade hit SL...still think it will bounce but I had a tight SL. EG closed @ 0.8740 Added another position to GBP / CHF @ 1.6380, SL @ 1.6310 - 1% @ risk A/J has stalled was hoping for a push down to the TL for a close and reverse...might exit if ...
My path to financial freedom
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lovejoy80 replied Apr 8, 2010It hasn't given up the ghost quite yet...sitting on TL and 61 fib..I exited shorts at this level...maybe too early but what with ECB rate announcement and conference we might see some whipsaws
james16 Chart Thread
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lovejoy80 replied Apr 8, 2010Same chart...opposite trades...I see a bounce to test recent highs...though not sure if there will be much follow through looking @ correlated FX etc.

Domino's Price and order flow trading
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lovejoy80 replied Apr 8, 2010Closed EJ shorts...reached 61 fib and interest rate news means I'm not comfortbale throwing away decent profit...not much room until it reaches a TL so I'll reasses later. EG and Gold came within a few pips of being stopped out...expecting gold to ...
My path to financial freedom
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lovejoy80 replied Apr 8, 2010Added another position on EUR/SGD on break of 4HR support which was also weekly PPZ. 1.8589, SL @ 1.8640 - 1% @ risk
My path to financial freedom
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lovejoy80 replied Apr 8, 2010Weekly TL and round number PPZ on USD / CHF could limit EU gains to the downside...but watching carefully and with interest rate commentary we could get some volatile price action
james16 Chart Thread
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lovejoy80 replied Apr 8, 2010Added positions on U/J and A/J U/J - Short @ 93.12, SL @ 93.45 , 1% @ risk A/J - Short @ 85.99, SL @ 87.40, 1% @ risk Exited all G/J shorts and E/U short...G/J @ PPZ and E/U near double bottom and U/CHF is @ TL resistance...both might be premature ...
My path to financial freedom
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lovejoy80 replied Apr 8, 2010As per previous post added to U/C on break above daily PPZ. - Long @ 1.0070, SL @ 1.0025 Took a speculative position long on gold. - Long @ 1146.43, SL @ 1143.50 - 1% @ risk Added to EJ short on break of 124.20 PPZ - Short @ 124.17, SL@ 124.60 - 1% ...
My path to financial freedom
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lovejoy80 replied Apr 8, 2010E/G hit my target and I've taken a reverse trade long. JPY shorts going well, looking to add further positions... U/C - added further positions on break above daily PPZ - a BUOB with divergence on daily too. Missed this breakout and pullback on ...
My path to financial freedom
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lovejoy80 replied Apr 8, 2010Won't be trading 5min today... interest rate day and I need to focus on my JPY crosses on longer timeframes.
My 5 Min Trading Learning Process & Thoughts
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lovejoy80 replied Apr 7, 2010No I don't...Gap trading represents the lowest frequency of my trading and I haven't traded them for a while as I suffered some decent size loses as I got into the mentality that gaps virtually always close witihn say 70ish pips for USD pairs and ...
My path to financial freedom
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lovejoy80 replied Apr 7, 2010Oil retraced and broke the TL so both trades out for a loss as SL hit...and gold is now retracing...lol. TAG now stands @ 30.88% All other positions looking good...especially JPY pairs. Missed adding another entry long on U/C but have alerts set for ...
My path to financial freedom
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lovejoy80 replied Apr 7, 2010Gold - SL hit...bit of a stupid trade really, but this was reflected in amount @ risk - 0.5% TAG now stands at 33.55%
My path to financial freedom
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lovejoy80 replied Apr 7, 20101. GBP / CHF is a breakout of the resistance with the trend. 2. Oil - pin bar and pullback to resistance turned support 3. U/J - break of support / valley - a change of trend or a deepr pullback - looking to ride 4. A/J - looking weak , divergence, ...
My path to financial freedom
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lovejoy80 replied Apr 7, 2010I normally put them above the last peak / valley. For example if I am going short on a break of a LL valley formed then the stop will go 2 pips above the last peak / LH formed. If the market is fast moving and there is no obvious peak / valley or ...
My 5 Min Trading Learning Process & Thoughts