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- panamamike replied Jul 24, 2014
Everyone that is struggling, and even those that are not, should print this post out and re-read it before every trading session. Just my .02
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
Personally, I looked to the left on 1 hr chart. Last push up missed hitting that TP area, and it touched many hours ago and rejected. I avoid trades if my target is not an obvious objective. Glad it worked for you, and again I am happy to have ...
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
Time to grind some coffee and read my book until the next hour.
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
No, it wasn't against the rules. BUT, I prefer to take nice clean setups, especially when risk is 2X reward. my account thanks me for it
i am happy you made your pips. I am also happy I passed on that setup and would gladly do so again.As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
Really? you'd trade that? Look at the previous hourly candle. Was it a winner? Yes. Coin flip at best IMO. I gladly passed on that trade. When risking 2 to get 1, being selective is very important.
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
In fact...PMI showed expansion (above 50), while estimates were for contraction.....even that surprise barely moved the market at all. 50.4 actual vs 48.2 estimated; 48.2 prior.
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
Fairly substantial beat on France PMI...not a huge reaction in EUR pairs at all. Hence why I think their rankings of PMI as red is rather comical. Just my .02
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
Strange that the other two calendars I compare with FF have the PMIs for France and Germany as low impact...not even medium. quite a difference in opinion.
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
No worries...more opportunities to come
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
If what you are doing now is working for you, why change? I actually look at both the 15m and then the 1 hr.
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
Thanks. Never sweat missing a trade, another setup is only an hour away

As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
It just happens that Udine's system works very well when combined with my 1 min scalping system. When they both line up it is a very high percentage trade for me. Not, I will not discuss the 1 minute system or it's indicators here. I will say that ...
As simple as possible: 00 level trading
- panamamike replied Jul 24, 2014
Yen started to strengthen on 5 and 15 M across the board. Cleaner set up than on EJ. NJ already red RMDWN and AJ. Was above Do.
As simple as possible: 00 level trading
- panamamike replied Jul 23, 2014
only since the top of the hour.
As simple as possible: 00 level trading
- panamamike replied Jul 23, 2014
Trade #1 Short GJ...TP image
As simple as possible: 00 level trading
- panamamike replied Jul 23, 2014
i would look for a new broker.
As simple as possible: 00 level trading
- panamamike replied Jul 23, 2014
No trades in Asia tonight for me....going to take a little nap and be ready for Europe...good luck all
As simple as possible: 00 level trading
- panamamike replied Jul 23, 2014
Glad u made pips.... Not a valid trade in my book. Previous hour closed right on the 50 number...was not a min of 1 pip below for the level to be valid.
As simple as possible: 00 level trading
- panamamike replied Jul 23, 2014
Hmmmmm.... many of us have been trading the Asian session with a high rate of success.
As simple as possible: 00 level trading