Yep, that works. My chart is a bit more simplistic using only PA, S/R and a long term fib. A 3 lot (standard) trade. Green is entry, each check is a TP point closing 1 lot.

Cable Update (GBPUSD)

I agree BB. Still short from 6580 (profit taken along the way), final TP is 6220 and pending buys at 6200. Should be interesting...

Cable Update (GBPUSD)

To me it's really just about how you see it. For example, to me, there is a small difference. Cutting loss means you're in a trade that isn't going your way and is not likely to so you kill it before it hits your SL rather than allowing it to run ...

james16 Chart Thread

Another option is to take your TP on one and get the other to BE+ a few quickly without setting a TP for it. It may just keep running for you and if not, so what.

james16 Chart Thread

Here's my usless theory. This has been dribbling down for the past 5 hours setting up for the news which will make it jump up. Then Bernacki speaks a half hour later (notice how they alway do that...lol) which will make it drop like a rock. I'm Long ...

Cable Update (GBPUSD)

Too dreamy Marcel? There's no such thing brother. Life is MADE of dreams and the bigger the better!!

james16 Chart Thread

Happy Birthday James 16!! Life is certainly a since finding this thread!! Other than avoiding "entering" a trade shortly before/after news, I pay no attention at all to it.

james16 Chart Thread

Morning everyone, Still holding the last 1/3 of my 3750 long and still looking at 3900 for final TP....

EURUSD

I still expect my third and final target of 3970. Long at 3750 with 3 lots, 1 taken at 3850, 1 taken at 3900 and SL now tucked just below 3850. Have to go paint some custom carved signs now for my "other" business...LOL Happy trading ...

EURUSD

Ahh..nice nap.... First target smashed, second target (3900) hit and on our way to number three (3970)..at least I hope..

EURUSD

Long from 3750. A perfect bounce off the 38.2 at 3748. First target 3850...getting close now.

EURUSD

Locked in at +15 on a 2 lot. So if I get taken out I'm only up $950 this morning so far. Yep, tough Monday...LOL

EURUSD

I'm not worried at all. All my pips are in the bank and I'm long again at 3818 with SL at BE+1 again...LOL

EURUSD

Amen to that!

EURUSD

Me too but if this hour closes bearish engulfing, I think next shot for a long may be a bounce around 3800ish. Below that and I'll re-evaluate my day...LOL

EURUSD

Me too and the 1 hour is what I've been on all morning. I know one of these longs is gonna break...LOL Up a bit over $650 this morning. Not too shaby over a few cups of coffee and a nice breakfast....

EURUSD

Yea I had re-entered again at 3861 and got bummped out +2. I guess it's time to sit on my hands and see what (if any) effect Geithner opening his yap has.

EURUSD

YeaI got stopped out at +22.6 for the full 2 lots (stepped out for breakfast...lol). Re-entered at 3862 ( a bit higher than I'd like), but SL is +4 so we'll see. I'm not setting a TP at this point but I decided to trail with 20 Edit: LOL..stopped ...

EURUSD