Yes and no — An excellent question. I place limit orders on the areas that I am convinced fit the 90% criterior. Which means price has to reach extremes usually. As far as which lines those are, that's the part that takes practice. When you ...

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AUDUSD — If the Aussie could get up to .9530 I would take another swing at a sell. This pair just never seems to give me the big moves. BRV always seems to nail those. LOL

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EURUSD — With the USDCHF poised for another move down I look for the EURUSD to move up from the 1.5460 area. Downside risk could be as low as 1.5400

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USDCAD — Just as soon as I was bored with this sell trade and closed it out it continued the downward move. Originally I said look to see it go to the 1.0088 area. It may still. I'm really not excited about this pair right now.

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UsdCHF — Swiss continues to be the trade of the week. With a sell from the 1.0460-70 area Followed by a buy from the 1.0310-20 area. And now another sell from the 1.0460-70 area. But there could be a push up to the next level around ...

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I'm right or I'm out — Yes, I start most trades with that mindset and then let price action confirm or convince me otherwise

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People remember price and round numbers — If you went to the movies and spent $18.94 would you later say, "I spent $18.94 at the movies or would you say, "I spent 20 bucks at the movies" If you went to a new car dealer and picked out the ...

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You have it right — I don't use the 5M for entry.

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Trading Time Frames — Yes that is a good question. Alot of people associate larger timeframes with larger swing trades. While it certainly can be that it doesn't have to be. I have to give the credit to Jim Herndon in the J16 thread who once ...

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Update — That USDCHF sell trade posted earlier is up about 100 pips right now. The Aussie was a short term stall but it did pay off 30 pips which I was glad to take. I am watching price as it nears the .9470 area. It may be good for another ...

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I am short the AUDUSD — It hasn't went anywhere so far. The next level up is .9470 so I wouldn't hold onto a sell above there too far. If it rises to .9470 and stalls there I may add on to my position if I'm not in too many trades at that ...

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USDCHF Home, Home on the Range — where the pips and the stophunters play! I like the USDCHF for a buy when it gets down to 1.0310 area and I like it for a sell at the 1.0468 area

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AUDUSD SELL — Aussie is looking like a sell in the area of .9438

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Hot off the presses — There are some interesting areas setting up on a couple of the currencies. The USDJPY is at a pivotal point. While there is sentiment that the USD will rally in the medium term there is the near chance of a pullback ...

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The Euro TAKE TWO! — Back on May 8th The Euro broke below the Support @1.5376 but failed to close below. Actually broke into that 1.5285 area that you mention. Friday it did the exact same thing. It broke below and tickled the 1.5310 area and ...

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USDJPY — The week has been winding down and the G8 summit today is supposed to be the same old stuff (which usually means a surprise) The market is at a tipping point right now and many are leaning towards dollar strength. I'm not convinced ...

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NOT AT ALL! — Your questions are the heart of the thread! Keep 'em coming

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Very Good stuff! — I love it. My 101 analysis followed by your 201 analysis! Thanks for the info. Yes support and resistance can not only give us entries but our exits too. The market will always tell us what it wants to do, we just don't ...

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A Tale of Two Emotions — When do I get out of a trade? Now there’s a question that haunts us all. It is a situation further exasperated by the appearance of the dynamic duo of trading. It’s those mild mannered emotions, Fear and Greed. Fear ...

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GBPJPY Just hit a key area too — The gap down from sunday was 207.33. GJ just tagged it from below on news spike. This is a watch area. If it holds it is a fade from here. It lines up with the USDJPY (106.15) sell as well (as yen crosses often ...

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