Let the markets decide first, then react... trying to predict news is no better then rolling the dice.

AUD/USD

Hey Chris, Is their anything on this chart that just screams stay out? At this time, my stop has been hit, but it was a pretty good entry r:r speaking. I wasn't quite expecting London to Rally it like they did. Other then not breaking the previous ...

Silent Service Method

I don't want anything to do with shorts until we at least give 1.3738 then 1.3882 a go...

EURUSD

Power house isn't it... I closed out my shorts on A/Z this morning as well.

AUD/USD

Thanks Mate!

Price is everything

Hey Red... what indicator do you have attached to your chart that is showing the candlesticks from the different time frames?? Pretty slick and I think I could find that useful...

Price is everything

Took a very light short on AUD/NZD... Stop is at 1.3073. First target is the rising trend line, at 2864'ish. Will wait to see how this plays out. Cheers!

Silent Service Method

Excellent. Thanks for the description.

EURUSD

I want to have further discussions on the options barriers and how they affect price when broken, or controlled. Wasn't 3600 a pretty heavy options barrier? Was the breaking of this what pushed price up another 25 pips on Friday? Or did it work ...

EURUSD

Gotcha... I got into the drinks a little to heavy last night so i'm moving a little slow here! I don't believe the market is random, but you are 100% correct in that we should just follow price... it, generally, does point to where it wants to go.

EURUSD

How so? All my entries have logic, and equation of if-then and it doesn't stop just with entries, the entire trade is managed with if-then's as well until no longer applicable and the trade will be complete. That seems pretty logically based to me, ...

EURUSD

I'm ready to get my head screwed on tight for this up coming week. I must of had an 'off' week last week because I couldn't nail anything... Doesn't help when you constantly trade counter trend... Let's get at it!!

Price is everything

Subjective = Correct. Worthless = In-correct. The more eyes on certain levels, the more importance that they have. Never forget the market is made and built by humans... Therefore... we like tops and bottoms to be logical. Round numbers, fib lines, ...

EURUSD

Yup, I pulled the trigger to soon, but I was playing off of a minor double top last Monday. The last day you should have even been thinking about shorts is maybe half way through Tuesday, and even then way to late. I knew better, but didn't listen ...

EURUSD

Yes sir, you are now just bidding on luck. I had a short position as well, but I cut it at 3520... all it took was the break of the previous daily candle high and were off... You may get lucky and price may start back up at a lower price then when ...

EURUSD

I really need to work on my strategy this weekend, and more importantly a bail out point. I seem to have this awesome want to always want to trade counter trend. Not sure why... but it is going to have to be fixed if I plan on getting anywhere. ...

Price is everything

You see that too huh Magix

EURUSD

It's a shame we can't trade on the weekends... lol

EURUSD

I agree. I mean really, my charts are nothing but candle sticks and trend lines. I trade the daily... and my entries are absolutely horrific.

Price is everything

Yup. Now if I could just get into some trades that don't always rally against me as soon as I enter them lol

Price is everything