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mike w replied Dec 10, 2009Have I ever mentioned that I love I4Bs in solid spots; like the eur/usd right now?

james16 Chart Thread
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mike w replied Nov 30, 2009God awful day. There were 3 opportunities that I'm aware of and I missed all of them lol How's it going everyone?
Jankone M5 thread
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mike w replied Nov 26, 2009Thanks! Yeah I closed mine at 144 as it was my target and my plan. That was the beginning of support but I did know better than to think it wouldn't landslide once we broke that area. The reason I didn't do that is because of the 4 hour BEOVB ...
Jankone M5 thread
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mike w replied Nov 26, 2009It takes time, I promise you man. The only reason I'm able to do that is that I've seen it happen over and over again. I've gone through hell to be able to do that very thing my man. If you can do the same, I promise you the view from the top is the ...
Jankone M5 thread
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mike w replied Nov 25, 2009Hey Matt, I entered on the 15 minute pin shown on this chart with the red arrow above it. It looks tiny right now due to the massive move but it was solid. 4 hour BEOVB before and then it came along = perfect setup. The reason I held was due to the ...
Jankone M5 thread
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mike w replied Nov 25, 2009Scratch that, 217 off of a 10 pip overall risk. Ryan and Jankone, you have no idea how much I owe to you. I had the knowledge before this, but now I have the power to implement it in a way that I didn't know existed before. I doubt I'll ever forget ...
Jankone M5 thread
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mike w replied Nov 25, 2009I remember asking that question and I wish the advice I would've gotten is this. Take some time to realize your loss, move on, develop a strategy that will entail proper money management and then keep learning. Don't let this mistake happen again. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 25, 2009How was it quick? Expand your charts to a daily view and you could clearly see that there was nothing stopping it down to this point. With that said, if there's nothing standing in the way of an army, it turns into a quick battle with an obvious ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 25, 2009God, I love this method. 117 pips off a risk of 10 so far. Hopefully, we'll see another 100 before it's all said and done but most likely, I'll be closing at 144.50. This is what it's about, getting runners with low risk.
Jankone M5 thread
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mike w replied Nov 25, 2009
I love the analysis like always. There's nothing in the way of 144.50. We may just need a little more upside to gain the needed momentum to shoot down to it though. Happy holidays to you too my friend!Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 25, 20095 minute and overall. If you see a solid trend developed on the 5 minute, it's normally money. I like to check the latest 4 hour bars as well. If the 4 hours are giving a directional bias (e.g. BEOB, Bearish pin, bullish pin, etc.) then I'll move to ...
Jankone M5 thread
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mike w replied Nov 25, 2009Yes sir. Once you gain a solid understanding of price breakdowns, it helps a lot as well. The trades with the trend are an even better probability to see gains IF you play them right. After a while, you begin to gain an idea of when it will turn ...
Jankone M5 thread
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mike w replied Nov 23, 2009You're telling me! Thursday and friday of last week were god awful when compared to normal accuracy. The price action just wasn't there. I took losses on friday then just shut down for the weekend. Even last night was nice! Nonetheless, I'm just ...
Jankone M5 thread
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mike w replied Nov 23, 2009
Just read it. You guys that are going through the cycle of having trades knocking out your winners, this thread could be an aha moment for ya.Psychology, Trading and You
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mike w replied Nov 23, 2009The has been a picture perfect day for the euro, cable, and aussie.
Jankone M5 thread
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mike w replied Nov 14, 2009Best advice possible. It seems that people underestimate the power of learning. I've done the same, gonna do it again today, and go through chart history today again just like I did last night. If you don't feel that you are able to do that simple ...
Jankone M5 thread
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mike w replied Nov 11, 2009Yes sir, fantastic trade today. I actually exited at 1.4970. I just look at S/R on the hourly and 4 hour and get a solid idea of where it's headed to. It's funny too how you can "sense" when it's going to break hard. It's also funny that the sensing ...
Jankone M5 thread
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mike w replied Nov 11, 20094 hour bearish pin, check. Bias is to the downside for me with that in play. Then along comes this beauty. As with all great things, you do see a little bad in between however. I took a loss on the usd/cad moments before this trade...for a loss of 8 ...
Jankone M5 thread
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mike w replied Nov 10, 2009I don't think he'd mind with either one. haha Opie kills me man.
Why do we trade?... no really, why?