2.26 initially. If we break that level, 2.15-17. This is a longer term trade. This trade is originally based on the bearish daily bar at the PPZ area. I just broke it down and noticed the 4 hour bar/head and shoulder forming. Once we break the ...

Trade what you see NOT what you expect

It just did with a bearish bar. price is stalling and forming a head and shoulders formation IMO. My entry will be at 2.2948- 7 pips below the previous candle.

Trade what you see NOT what you expect

Excellent. It's always best to get a feel for different pairs first. I'm just waiting on this 4 hour close now. If it closes as a pin, that'll give me a very minimal risk trade. By the time the daily breaks, I'd be at B/E already. It all just ...

Trade what you see NOT what you expect

This pair moves A LOT, like g/j. 35 pip s/l on a breakout entry might work, but it also is very likely to get whipped out.

Trade what you see NOT what you expect

I guess I'll take this time to update while I'm waiting on the eur/nzd 4 hour bar. I closed out the aussie long order at .7700, while I'm still in the nzd/jpy and nzd/usd shorts off the daily bearish bars of 5/11. I was closed out of the aud/cad ...

MW's trading journal

Yep, that would be an excellent breakout strategy for it. It's going great my man! Can't sleep so I figure I'm just going to look at the charts for the night and watch some movies. Those are the best I'm really seeing at the moment. Everything else ...

Trade what you see NOT what you expect

I don't know if you guys are watching the eur/nzd. Possible head and shoulders forming on the 4 hour chart. I'm waiting for 4 hour bearish price action then a close below for a minimal risk, very high reward trade. Thoughts? We're at a solid point ...

Trade what you see NOT what you expect

Depending on the 4 hour PA, I'm going to jump into the eur/nzd. It looks to be forming a head and shoulders formation. Possibility of this 4 hour close being a pin. On a break below, I'll enter the position with minimal risk tothe topside as I will ...

MW's trading journal

That's the best wway to go my man! You will see a LOT more success in your trades by waiting for only the solid opportunities. Like Jim says, all it takes is 3 to 5 trades a month. I take more than that as I trade a lot of different pairs and ...

How Many Pips do you aim for per week?(& Poll Vote)

BTW, breaking down the eur/aud, we initially saw a 4 hour bearish pin break down for 100 pips so far. It looks like we'll be seeing a retracement before any further movement south right now to build up the steam needed to keep pushing.

MW's trading journal

My man, I was just about to post on the eur/nzd as well as the eur/aud. To me, they are both excellent in location although the eur/nzd is the hot hand of the pairs so I will be putting more into it on a break lower than the eur/aud. Both are at a ...

MW's trading journal

I've found that if you AIM to make a certain amount, you'll take bad trades. What comes, comes. If you aim to make, say, 300 and you aren't at that point, you'll find yourself on a friday afternoon searching frantically for 50 more pips. That's very ...

How Many Pips do you aim for per week?(& Poll Vote)

Yes sir! I'm also liking the 4 hour action that is going along with the trade. It looks like we may have just seen a retracement from the move down to gain momentum for a further push. Good luck to you too my man!

MW's trading journal

That hourly pin a while back finally closed out for those 50 pips, now I'm thinking we'll see a range until a solid breakout comes into play from this point.

Trade what you see NOT what you expect

Closed that 50 while I was out with the girrrlllllyyy.

MW's trading journal

I'm still keeping an eye on the eur/nzd as we are at an area of solid resistance as drawn from the weekly chart. Any sign of shorts on the 4 hour and I'm in. Check out Clockwork's thread for a great understanding of using the weekly S/R areas to ...

MW's trading journal

You know it brother! Today will most likely close as a BEOB and then retrace again as we're coming up on a bit of support and it looks to be losing steam. Rebuild of momentum on it and then I think we'll keep on moving lower for the time being. My ...

MW's trading journal

Well, before I'm off I took a quick hourly (ugh) trade on the gbp/usd for a quick 50 pips. Bearish pin at resistance. I'll close at 1.51. Why not? That'll pay for a new watch. ha

MW's trading journal

Hey now, no need to make me blush! haha BTW, there's a 1 hour bearish pin that came out at 1 o' clock. Would I trade it? Maybe down to the 1.51 area and see where it goes from there. That's a pretty solid PPZ for the hourly anyway.

Trade what you see NOT what you expect

Nope! She didn't want to play. And I'm not seeing any opps on other pairs for the 4 hour either so I'm off again. Have a good one!

MW's trading journal