well we finally got the movement that I was looking for from the Daily IB on the EUR/JPY. The trade went Free while I was out which is great. This has left my account resting nicely at over the 30% mark for just 2.5 weeks of trading live. Have a ...

Razors Journal - Basic trading with PA at S/R

Thank you Housetrader. It is something that I have recently accepted and wish I had it told to me 4 years ago. Even just at the core of PCs methods, the simplicity of his trading mind and the 1:1 trade, I have never had more confident trades and the ...

The DIBS Method... No Free Lunch continues

Change to thread — I will over the weekend be reviewing the opening to this thread and making some changes to allow for things I am learning. I will also be removing the total pips achieved. The Account Growth will remain. The reason is ...

Razors Journal - Basic trading with PA at S/R

I have closed my USD/JPY short. There was a bearish IB on the 4 hourly (didnt take because I feel we are at the bottom before a pullback is due) which would have been just executed and now knocked out. The Bullish Engulfing candle has given me a ...

Razors Journal - Basic trading with PA at S/R

It will always be a great talking point — Where to take profit??? It is the most difficult, and emotional question a traders faces because ultimatly it is one of the most important for account growth. If I take profit too soon I may miss more ...

The DIBS Method... No Free Lunch continues

Also look at the weekly results so far this week. Alot of pairs have had very good results overall with most pairs moving 1 direction all week (USD/JPY was an exception with moving higher earlier to the current lows on friday) today could be the ...

USD/JPY Discussion

For sure, im still holding a short from mon/tues that has given me great returns. The losses are just part of the bigger game. I had a trade miss my TP by a pip last night and as you say it just happens. No great loss, there are millions of trade ...

Razors Journal - Basic trading with PA at S/R

Latest trade knocked me out by the pip and has since headed back down a little lower. Ouch

Razors Journal - Basic trading with PA at S/R

added to my shorts on the USD/JPY on the bearish hourly IB. It has a small pip risk so have taken the trade. Chart below

Razors Journal - Basic trading with PA at S/R

Demo is a solid basis for trading until you have your trading method confirmed and you feel comfortable trading that manner at all times. However Demo will always have the emotional trading aspects as a limitation because at the end of the day you ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

EUR/JPY daily IB setup Entry 131.49 SL 130.49 (100 pips SL) TP 1 132.52

Razors Journal - Basic trading with PA at S/R

Eur trade stopped out for -50. Well weve had a full looser and we are still alive (just jokes). USD/JPY trade is now running south again so it has picked up the slack that the EUR trade left. MAY TOTAL = +320 AG = 24.17

Razors Journal - Basic trading with PA at S/R

SL at 1.3788, Market just came back to 1.3787 and has moved away, for good I hope. Thats a close call. Still going to keep this trade open. The support on the daily and the room down has me bias for at least 1:1

Razors Journal - Basic trading with PA at S/R

A daily chart zoomed out with the current area reaching some past S/R (circled)

Razors Journal - Basic trading with PA at S/R

EUR/USD — Possible short with the pin on 4 hourly. The setup is against the trend so I have tighten the SL and risked less in terms of %. Why am I looking at this as a trade. There is a real ceiling at that has formed with the pair struggling ...

Razors Journal - Basic trading with PA at S/R

60% win rate is a great result if your trades take you to beyond 5:1 R/R, which is possible with good setups. if you can catch the bottom of a wave then there are higher chances, if you can stomache that, of catching in excess of 10:1. My latest ...

james16 Chart Thread

Total for May — Well with that it has helped my account beautifully. I have updated my home page with the results. Currently +370 pips AG = 30.92%

Razors Journal - Basic trading with PA at S/R

My alarm was activate last night at like 3 in the morning, which was perfect timing because it started to bucket down with rain and I remembered my car window was wide open (damn sunny winters). Ive close most of my position at 94.5, which is the ...

Razors Journal - Basic trading with PA at S/R

Very nice call on that one. Ive close most of my posis at the touch of 94.5. Now have a small position that is either going to run or get stopped out.

USD/JPY Discussion

I love these guys in Washington. Bernake, Paulson and geitner (to name a couple). Whenever they open there talk box, the lies, deception and manipulation that they have pulled for the past 18 months is starting to come clear and the markets ...

The DIBS Method... No Free Lunch continues