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mike w replied Jul 31, 2010Supreme is right. You don't need anything more than this to make money. Once you gain more experience, it almost becomes instinct on which trades to take and which not to. I know that sounds ridiculous but that's how it goes IMO.
Jankone M5 thread
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mike w replied Jul 30, 2010Another 25 cut up for the day. I am honestly really surprised. I went to my kitchen to grab a PB sandwich and came back to it. I was only expecting ten or so pips. Point? Don't expect anything, just go with the flow. 25 more on the day.
MW's trading journal
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mike w replied Jul 30, 2010Just closed for 20 pips at 1.3045. That's a bit better now. lol I like closing the day on gains.
MW's trading journal
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mike w replied Jul 30, 2010Sigh...I just closed out my cad/jpy trade for a gain of 49 pips because I think that this daily close will bring a higher price. As for 5 minute trades, I guess you could say that usd/cad trade was a 5 minute setup and a failure although I held for ...
MW's trading journal
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mike w replied Jul 30, 2010Amazing how quickly an hour changes the entire outlook. Out for -30 on that one. It looks like we'll be seeing some pretty solid daily setups today as well.
MW's trading journal
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mike w replied Jul 30, 2010I just got my entry at 1.0345. SL 30 pips down the chute.
MW's trading journal
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mike w replied Jul 30, 2010It's beautiful. I'm shallow though, so only on a retrace! lol jk
MW's trading journal
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mike w replied Jul 30, 2010Price finally dropped on the cad/jpy trade. (Thank you crazy ass friday market lol) Sitting at 150 now, just waiting to see how we react to 83. I'll be getting long on the usd/cad at this 4 hour close more than likely as well. That'll just bolster ...
MW's trading journal
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mike w replied Jul 30, 2010Sounds good cprao! Join the party my man! As for today, I've got nothing yet lol There isn't really anything trending the way I like to see it so far.
MW's trading journal
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mike w replied Jul 29, 2010This is my last trade on the night. Usd/jpy again. Entered at 86.62 and just closed at 86.50. Red arrow with white interior indicates the bar that I entered on. It really is that easy ladies and gents. I'll talk to ya tomorrow morning guys, have a ...
MW's trading journal
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mike w replied Jul 29, 2010url That first link is for the template that I'm currently using for the 5 minute charts. The template is basically the white charts that I have been posting for my 5 minute setups, although it has a bunch of junk on it that you may want to ...
MW's trading journal
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mike w replied Jul 29, 2010Testing and confidence I have such a crazy conviction when it comes to the importance of testing your setups, no matter what they may be. Here's why: There are two sides to this. 1) If you don't test your method, you can't really have the confidence ...
MW's trading journal
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mike w replied Jul 29, 2010!!! I didn't know you were a hockey guy Steve! That's awesome man! Tell me about your experience my man, were you an O guy or a D guy? And yeah man, the 5 minute setups are just another way to maximise your profit with very little risk especially if ...
MW's trading journal
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mike w replied Jul 29, 2010Who says you can't trade tokyo? I got burnt on the first trade for a loss of 7 pips and the second trade was a gain for 20. Red arrows with the white interior are the trades that I placed. Take note that the SMangle indicator had just crossed below ...
MW's trading journal
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mike w replied Jul 29, 2010Hey T.J., what's up my man? Thanks for the kind words too brother. Also, the best thing in the world is to get a grasp on your life. Mastering others is strength but mastering yourself is true power - I believe in that 100%. I'm damn happy to hear ...
MW's trading journal
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mike w replied Jul 29, 2010Cad/jpy daily trade really took off now as well. 100 to the good so far but, like I said earlier, I'll be holding on to this one for a while so that 100 doesn't mean much. I'm looking to see 300 realistically. Welp, I'm off again from the factory or ...
MW's trading journal
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mike w replied Jul 29, 2010If you can't make money in these conditions, you're just not following your discipline and need to re-evaluate why. Don't trade them when we're in between the 1 and -1 on the smangle as that is determining a trend change or range. With that, it's as ...
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mike w replied Jul 29, 2010Just an update on that last usd/chf trade. I just closed out that last trade with a profit of 23 pips. Ladies and gents, we have so much to be grateful for that it's unreal. If you're reading this thread, I want you to take a timeout and think about ...
MW's trading journal
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mike w replied Jul 29, 2010BTW, I entered in on the cad/jpy last night at 84.50 while I was asleep and the euro was a no go as it didn't meet my criteria for fake/break. That daily setup on the cad/jpy looks like it could roll for a while and I'll be holding on to it as I try ...
MW's trading journal
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mike w replied Jul 29, 2010These setups are the reason that I trade at 6 am eastern time. In the indicator window, you can see the red line that I placed in it along with a thumbs up. This is the spot where we moved past the -1 and shows that we are in a decent trend and not ...
MW's trading journal