EURAUD — Patience really is the key here. I like this system because you know exactly what (and why) you are being patient for. Had I shorted EURAUD last night I would've lost money almost immediately, specifically a 42 pip loss if I figured ...

Channel surfing!

Last night's trade — I deviated and went against the 4 hr trend. Was up with a nice profit for a little while...but when you deviate, you lose. I managed to turn a $4+ loss into a small gain after it was all said and done. I hate to say it but ...

Starting with $50

EURAUD is sooo tempting...it's in the Supply zone but hasn't closed over the line yet. This level of temptation may be more than I can bare.

Channel surfing!

Well, I don't know how to vote for giving a thread a 5 star rating but, after going thru this several times, this strategy is flat out a money maker! Once you train your eyes to "see" what you're looking at, super easy system. The method I have been ...

Channel surfing!

Anything more than 3 trades per week is gravy to me. A man can do very well on just 3 trades per week by adjusting his lot size. What I saw from last night after looking at this was things can change after you've gone to bed and line up pretty good. ...

Channel surfing!

Tonight's trade — Pretty straight forward. Pending Buy Stop Entry = 1.29200...exit = 1.29524

Starting with $50

tmoney, I realize you are not an exclusive pair trader, cool with me, so how many trades does this usually produce each week? I realize each week is gonna be different due to news, holidays, etc., but what's the average off the top of your head? ...

Channel surfing!

Nice thread tmoney! — tmoney, I just quickly read the first 3 pages of your thread and love it. Regarding negative people I read a quote one time that said, "Freedom of speech should come with an intelligence clause". I always think of that ...

Channel surfing!

Rooi, Nice. Most people won't do what you're doing, that's why I like the 'Journal' section of this forum. You are exposing your strengths and weaknesses to the very critical/skeptical public eye. Facing fears means growth...stepping out of our ...

My Trading journal "mentoring myself"

Last night's trade — And laugh we will. Reminds me of a song by Three Dog Night called Never Been to Spain. Trade canceled. Momo went bullish on Spain rumors...cool with me since my trade didn't get triggered. Here's what happened: In the ...

Starting with $50

Tonight's trade — As my little cheat sheet worksheet showed a few minutes ago, I'm bearish tonight. The 4 hr chart 5,5,5 Stochastics is perfectly overbought and so is the 1 hr charts 21,5,5 Stochastics. On the 1 hr chart, the price is below ...

Starting with $50

Tonight's worksheet — I think I'll start doing this so I can document where my head was when I made a decision and how I came up with that thought process. This chart is a 1 hr chart with the following indicators: 1. vertical line (in red to ...

Starting with $50

Cheaters and Helpers, putting it all together — Last night I could've sold at a much higher price but was not confident that this market is bullish enough to jump...but it did. In this 1 hour chart from last night I will show you a complete ...

Starting with $50

Cheaters and Helpers 4 — I can hear it now..."if you're so smart how why do you have bad trades sometimes?" Simple...I deviate from my own method. I will read a thread and try a new method, incorporating something and WHAM! I lose. This is the ...

Starting with $50

Cheaters and Helpers 3 — So, using diagonal lines, I do things different. I don't use the wicks of the candles but the body. The first chart above shows the problem...the angle caused by the first 3 candles actually creates confusion by not ...

Starting with $50

Cheaters and Helpers 2 — This is from one of my "worksheets". In this post I will look at what happens when I add 3 different indicators: 1. Bollinger Bands 2. diagonal and horizontal lines 3. a moving average Please understand what I am about ...

Starting with $50

Cheaters and helpers — Most guys will fail in this business. Harsh statement but truth. Why will they fail? It's not because of desire nor under capitalization. It's not because they won't spend the time to learn either. There are two reasons ...

Starting with $50

Last night's trade — It went good last night. And as I had thought, my exit would've been too aggressive or too conservative, it was too conservative. Had I stayed and baby sat the trade I could've have exited later...or panicked and sold too ...

Starting with $50

Tonight's trade — Well, after last week's good old butt kicking I received, I thought I would just take the weekend off and regroup. Good to do that sometimes to help clear your head. So I did and am back. Last week the price resumed its ...

Starting with $50

Funny, that was what I was looking at too.

EURUSD