Haven't traded a whole lot this past week, I have been overhauling my strategy and backtesting. Took a loss last Mon when the Euro crashed, I was long. It was a stupid mistake due to an obvious trendline break which I paid no attention to. I've been ...

Exiting the Rat Race

That is incredible, and a lot of work on your part! I have backtested it a little bit but haven't put as much time into it as yourself. What did you use for confirmation to enter a trade? Were you basing trades on simple candle patterns of rejection ...

Trading Fib Zones

Is this a no brainer? — Trying to learn this method. Is this a no brainer trade on USD/JPY for short right now? (I have one short in play and one more set for if price hits the 50% retrace).

No Brainer Trades

It went to 1597

New Mouteki Method...

Backtest — Picked a random spot in the market on USD/JPY, happened to be june 07. Started to map out and trade on vhands. Mapped out a 1000+ pip move successfully on the first try! Check out the respect. (I don't use the same extentions as ...

New Mouteki Method...

I'm a support and resistance trader too. Just found your thread though. Any comments on USD/CAD on the daily? Looks to me like a good entry on the break of this tight range (look at a 5 min chart, it is consolidating now), as it has hit a support ...

No Brainer Trades

Why did I exit so early? — I am kicking myself for leaving so much money on the table exiting early. I know I said in my earlier post I wasn't beiing greedy, but the thing is, price is going exactly how I originally projected. Why didn't I ...

Exiting the Rat Race

Look at this mess — Went short at grey areas, took profit at blue. It looked like it was respecting fibs at first, then it broke the .618. I rode it down to the 0 level (about) and got out. I kept adding positions to scale in and took on a ...

Exiting the Rat Race

I wouldn't mind making $48k on a trade like that (video).

New Mouteki Method...

A few more pips — Made more on short. Entered long at about where exit was then closed it a couple of minutes later and took a small loss on the long, but made 3 times as much as I lost on the short, so still profitable.

Exiting the Rat Race

Made a few pips long on the breakout, then made more on the way back down. Grey circles are short entries, blue is the exit. Notice second short entry was bad, it barely touched it then reversed long. My bias is still short because there has not ...

Exiting the Rat Race

Exit — Exited for 30 pips profit because I kept adding position and the risk was getting a little uncomfortable. Momentum slowed to nothing so there is definate indecision in the market right now. I still think it will break short but I am ...

Exiting the Rat Race

Breakeven — Stops moved to profit area, so 0 risk trade at this point. Going to watch the .382 level 1.4699 as a possible exit or partial exit. If this is just a bump before it continues upward to the moon.......well nothing lost because the ...

Exiting the Rat Race

Retrace here we come! — I think I managed to get in right at the very peak, now time to ride it down..........

Exiting the Rat Race

Was right all along — I was right in my previous analysis of Euro respecting fib levels. There was no reason to stress over my long trade. Too bad I second guessed and pulled out. It sailed all the way to T2 I am going to scalp the retrace and ...

Exiting the Rat Race

Good job! I'm not going to trade today, not enough time before the market closes. I've never figured out the benefit of the rainbow. I know other scalpers use it and they say you just have to learn how to use it from experience. I like the RSI, it ...

Exiting the Rat Race

Frustrating, but profitable — Yesterday I made 140 pips or so scalping. The problem is I got stuck in a bad trade all day. I based it on a longer term fib. It appeared support was at the 0.5 and it had already breached the 100 previously which ...

Exiting the Rat Race

Ok. Don't worry, I like FXCM . Just release the MT4 platform already. Sheesh!

Exiting the Rat Race

Ok, one more. — I couldn't resist this one. Market spike on Oanda short, it had retraced almost completely on my MT4 Alpari chart but not on Oanda, so, I new a retracement was imminent and I acted quick, put a long in, within 10 seconds it ...

Exiting the Rat Race

Good luck — I'm somewhat of a scalper too. Just remember it's your position size that matters and not the number of pips you make. You can become a millionare eaisily on 5 pips a day if it is consistent day in and day out. I used to trade ...

GASP!... scalping!?