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mike w replied Aug 4, 2010Came back to a loss of 55 on the cad/jpy and the chf/jpy is still open. Unreal, these past few days. Even though the market is acting like a bitch, it seems like I've been taking away a gain and a loss every day. They pretty much void each other out ...
MW's trading journal
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mike w replied Aug 4, 2010That aussie setup finally closed out last night at .9165 for a gain of 35. Some of these 4 hour setups look interesting but I doubt I'd trade them at the moment. I need a little more clarification first before doing so. Here's a little update on the ...
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mike w replied Aug 3, 201082 pretty much is the area of the PPZ. If we don't break it, I doubt this one'll be looking too good tomorrow morning but if price does break it down, then it's going to drop decently IMO.
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mike w replied Aug 3, 2010Right now, it completely depends on whether we can break under the PPZ or not (The blue bar all the way across is what I put up to indicate that we are right on it at the moment). I also like how the weekly chart is looking so I'm taking that in as ...
MW's trading journal
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mike w replied Aug 3, 2010Well I'm glad I got a grip on market direction, even if it did take all day lol We're currently sitting at 35 pip gains on both positions and I'm planning on holding these for a while longer as the dailies are looking good IMO.
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mike w replied Aug 3, 2010Ok, after a little re-arranging, I've entered shorts on the cad/jpy and exited the long on the aud/jpy for a loss of 25 pips. I like the looks of those two a lot more than the latter.
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mike w replied Aug 3, 2010Ah shoot, that's my bad brother. I saw it but I was on my way out for something when I did so I didn't have time to write back. I'm on it though. And nope, I'm in PA for a little while longer, one of my best buds is having a bday coming up so I want ...
MW's trading journal
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mike w replied Aug 3, 2010Nah my man, they are just part of a template that I've been using. I actually like the template a lot for the white charts. They are a lot easier on the eyes than the black and green that I've used for years. If you follow these with the trend, they ...
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mike w replied Aug 3, 2010Here's the cad/jpy that I'm liking as it is straddling the 21 and moving lower out of that consolidation point.
MW's trading journal
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mike w replied Aug 3, 2010With these possible shorts coming to fruition, the longs don't seem like too great of an idea. The cad/jpy looks ready for a drop based on the daily charts again as well and I'll be trading it down just as I will be on the chf/jpy.
MW's trading journal
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mike w replied Aug 3, 2010We saw the breakdown of the double IB on the daily charts for the chf/jpy today. I'll be entering short on this one.
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mike w replied Aug 3, 2010That's it too brother. I saw quite a few opportunities today but only took 2 because the hourlies are just ranging pretty badly. Both trades on the 5 minute were losses for me today. Today was not the day to be trading the lower timeframes, that's ...
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mike w replied Aug 3, 20101 o' clock didn't produce anything worthwhile, although we are at a solid area for trades to pop up on quite a few different charts. Maybe 2 will show some solid closes. Also just got another trade back in the aud/usd at .9135. Not the exact price I ...
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mike w replied Aug 3, 2010I have to say, I'm excited for some of these 4 hour closes coming up at 1 o'clock. This one on the eur/jpy is right in line with the daily which is perfect IMO.
MW's trading journal
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mike w replied Aug 3, 2010My man Roger, how did I know you'd be in on that!? lol Man, I've been reading your journal religiously lately with the fibstrike techniques. I've got some testing to do, it looks like, because you've been rockin these charts brother. I want a piece ...
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mike w replied Aug 3, 2010Believe me Bogden, you'll be a star my man. I don't doubt that in the least. We have a great community on this site and some of the traders on here are just insanely awesome. I've never met a better group of people than on this site. Next time I see ...
MW's trading journal
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mike w replied Aug 3, 2010Yes sir, those are the best ones lol Yeah, hopefully I see a couple trends develop on the 5's here today at some point. It's been nothing but chop and the only trade I've made is that aussie setup. Not looking too hot here lol I like making gains ...
MW's trading journal
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mike w replied Aug 3, 2010Bogden, start posting and then I'll be able to send you PM's after you have 15 posts. Introduce yourself my man! Ladies and gents, Bogden is one of my best buds so if he ever has any questions on anything and I'm not around, help him out. Introduce ...
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mike w replied Aug 3, 2010This BUOVB smells like money now. News gave price the momentum needed for a higher move up. Boy, I hope you're still in on it brother. I'm going to be once I get some setups on the 5 minute charts.
MW's trading journal