DislikedAnyone watching gbp/aud? Looks like bpc to the 1.7400 level which was also prior support. 1H setup...Ignored
E/J also moving nicely, sitting on 100+ pips for the moment, news pushed it down further
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DislikedAnyone watching gbp/aud? Looks like bpc to the 1.7400 level which was also prior support. 1H setup...Ignored
DislikedI'm looking at the USD/JPY for a TT.
I don't like that it's breaking a TL right now, but I really like the 90.50 and 90.36 levels. By the time it gets there the ADR should be near its average.Ignored
DislikedI agree. But if price doesn't cool off a little bit, then I won't take that one. Might just fall through, but otherwise a good level. I would love to see a little retrace up after that spike now and then a touch on those levels. (I am looking here at the one hour chart for PA).Ignored
DislikedI see its playing around in there. I would like to see a nice clean break below 123.00 and then I think I can let it run a couple days.
--NMIgnored
DislikedIt finally broke through after 5 hours of consolidation. I took the short on the break and hope to take some profit just ahead of 122.30. It would be nice to catch one of these runners that you all have been banking this month.Ignored
DislikedWell there goes that...
Another time that I've taken a breakout at the beginning of the US session and it's failed. Lesson learned.
On the positive side, I took a long on gold back at 1106 and have a free ride now.Ignored
DislikedI can see this "free ride" is not so easy to achieve, in the mean time I am managing to take less trades, more positive and slowly turning compounding in my favor.
I was hoping for a free EJ ride too, but not to be not today, the train went the other way...
Last 2 weeks have been positive live trading for me, the pshyc bank is building slowly...
So more screen time and more lessons to be learned - main thing seems that market will do what market wants to do and you have to wait for market to come to your trade specifications.
Manage each trade...Ignored
DislikedI can see this "free ride" is not so easy to achieve, in the mean time I am managing to take less trades, more positive and slowly turning compounding in my favor.
I was hoping for a free EJ ride too, but not to be not today, the train went the other way...
Last 2 weeks have been positive live trading for me, the pshyc bank is building slowly...
So more screen time and more lessons to be learned - main thing seems that market will do what market wants to do and you have to wait for market to come to your trade specifications.
Manage each...Ignored
DislikedI agree. But if price doesn't cool off a little bit, then I won't take that one. Might just fall through, but otherwise a good level. I would love to see a little retrace up after that spike now and then a touch on those levels. (I am looking here at the one hour chart for PA).Ignored
DislikedLooks like USD/JPY is breaking out of it's counter TL. I think I would prefer to see it at least his 90.50 before this move.Ignored
DislikedThese setups are just not following through today. I managed about 36 pips off the AU and closed it out. I noticed price seems to be paying attention to the mid point of our round number grid, I set it up to show every 25 pips and sure enough price is stalling everywhere at that level for some reason, usually it blows right by that number but not today.
--NMIgnored
DislikedI think we still could have an opportunity later. The h4 trendline is still far away. Price might come back down to that area later to test that S/R level & trendline. Let's see if and when that could happen.Ignored
DislikedI'm realizing, too late, that we're probably in for more of this as price likely consolidates on the daily TF.Ignored
DislikedEntered on aud/usd and moved to BE very quickly prior to news...
The interesting thing is that im aware that ive just done something i KNOW i should NOT do...but yet i did it...
hmm....think my mindset needs a smack lol.
Gotta keep working on it...
Any thoughts on this from you more experienced guys? Any advice "mindset -wise"?Ignored
DislikedI think that we all agree that one of the best trading methods is the ones without all kinds of indicators. I even dare to say that our method here could even be traded with the moving averages. It just makes trends more visual but we could surely do without.
We all look pretty much for the same thing, and all of us can see that this way of trading is working. So why aren't we all making crazy pips...and when i say all I MEAN ME!
When I'm not trading and looking at the charts I know exactly what to look for. To test this i haven't traded this...Ignored
DislikedLOL yeh keep that lazy butler out, all he does is eat, and apparently sit in the bathroom when I am not there.
The EJ train went the wrong direction for sure. These pairs are just not following through with the setups this week, they start out good but then head the other way. I guess thats the trading arena, good days and bad days. However any positive pips at the end of the week is a good thing.
--NMIgnored