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mike w replied Aug 13, 2010Yes sir, I've already placed my orders. It's a valid setup and with that, I have to trade my plan always. That, plus the fact that I'm already in from 1.0525. lol Gotta love those 5 minute setups after a solid 4 hour setup (Last 4 hour bar closed as ...
MW's trading journal
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mike w replied Aug 12, 2010I honestly didn't even know you had made that journal! Awesome!!! Well, I know what I'm going ot be reading through tonight for sure. Thanks my man!
MW's trading journal
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mike w replied Aug 12, 2010What's happenin Ghous?! I hope everything's good for ya man, it's been a while. Yeah, that would have been A+ IMO if it had closes as it was, but now I wouldn't touch it if I had to. Are you still running the 4 hour TF?
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mike w replied Aug 12, 2010Scratch that, it turned to junk in the last 15 minutes.
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mike w replied Aug 12, 2010Damn! I'm glad you wrote that Boy, this is looking damn nice to me. I'm going to trade this setup for sure if it closes as is at 2 o' clock.
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mike w replied Aug 12, 2010lol That's my bad! Sometimes I wish I was a little more eloquent with my words, that's for sure. I re-read that and realized it makes almost no sense if it weren't myself reading it. Yeah, I have the same thing on my charts for the swissy too. I ...
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mike w replied Aug 12, 2010I trade the 4 hour a bit different than I do the 5's. On the 5's, if there isn't a divergent setup and if it isn't exceedingly overbought, then I won't enter. On the 4 hour TF, I'll enter a setup if we see the divergence with a solid bar. I guess I ...
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mike w replied Aug 12, 2010I've just exited for 50 on that usd/chf 4 hour short as we're coming up to a trouble area. Other than that, I've seen literally nothing worthwhile on the 5 minute charts today. When I take CT trades, I'm out at the very first trouble area more often ...
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mike w replied Aug 11, 2010lol It happens to the best of us my man! The good thing is that there are always profits to be taken tomorrow!
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mike w replied Aug 11, 2010I wouldn't call that a problem brother! I would have saved a buncha beans if that happened lol
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mike w replied Aug 11, 2010Heck yeah brother, that trade is prime time! That's what feels good is seeing a trade with that little risk making soo much cash. People say you shouldn't get too excited about that, but IMO if that's not exciting, you're probably dead. I love low ...
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mike w replied Aug 11, 2010I got owned lol Oh well, today I was the goat. Tomorrow very well may be a totally different story. That's why I dislike the dailies though too...if I am going to take a loss, I want it to be quick so that I can move on. I passed up quite a few ...
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mike w replied Aug 11, 201060%? Shoot, that's where I normally get in at on higher timeframes lol It isn't broken until it's busted IMO.
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mike w replied Aug 11, 2010You know it too brother! That's where I'm headed to right now. As for the usd/chf, I think this is just the retracement to the BEOB two weeks ago. If it breaks the top of the pin though, I am the goat. lol Like big Jim says, if you enter on the ...
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mike w replied Aug 11, 2010I noticed that point of view as well. I saw a divergent setup on the 5 minute charts at the 00 level and so I entered another position at 1.0590 with the S/L at 1.0610. Either it works out, or I take the loss and wait on the next setup. If you check ...
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mike w replied Aug 11, 2010The euro is just dropping like a rock at that. Correlations are dust anymore IMO. PS, at the moment, I'm moving towards runners over fixed tp on the usd/chf. I'm going ot run through it on all pairs. The variables are everywhere though, which makes ...
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mike w replied Aug 11, 2010These past two days have been like this. We've seen runners the whole way across the board really. I'm waiting for the usd/chf to start trending downwards now as I have entries at 1.0550 and 1.0535. After testing it a LOT more, I'm only going to ...
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mike w replied Aug 10, 2010My man, I may actually just do the same as I'm headed out the door for the night. Other than that, What's been up brother?!
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mike w replied Aug 10, 2010It looks like a pretty setup on the daily TF for usd/chf. I'll be entering on the retracement if there is one and targeting 1.04.
MW's trading journal