iandekoker's 5 profit target trades

look at how the market warned us.....first there was a bearish dark cloud...followed by a little pin bar....both signs that the market wants to come down....and it did...just a little

always a good idea to learn your candlestick formations...they tell the most beautiful stories....

for good candlestick education go to james 16 thread......he is good

My first lose trade, -20 pips :

i also got stopped out with 20 pips loss....damn....

That sucks. Happened to me several times last week. You know you'll come out ahead in the long run, that's what counts.

It might be a good exercise to go back in time on the charts, see how many places you can find that the arrow picks a top or bottom, and identify market conditions at that point in time. (There's one at 8:10 am GMT on the E/U 5M). Just to maintain a healthy dose of fear of the arrows.

I got up at around 3:30, just as the market started to whipsaw and have been sitting out mostly for the last 2 hours.

I took one trade long on a pullback for 5 pips, but really wasn't using this system, it was more like trading the range.

Remember that in a ranging market, you buy weakness and sell strength, therefore many indicators will be working upside-down. I may go long here in a minute. I like ranging markets.

hey everyone....do urself a favor and go to a website called FxStreet dot com

Go to the "live" tab....register to participate in the live sessions....the first one starts in about 25 mins....believe me it is worth it...and it is free.....

i am off to listen to the pros....

here is the link

http://www.fxstreet.com/live/sessions/

I'm still working the 5M EUR almost entirely.

When the indicator arrow comes at, or right after, a long candle, I'm cautious.

I always LIKE the second arrow in a trend. I double up on those trades.

The green arrow at 8:10 on the 5M EUR was right after a choppy pullback and was on a long candle, so I didn't like it. But I did go in on the pullback to 4425 and got 5 pips.

I really like the second arrow if it's close to the first. These seem to be good for more than 5 pips usually. How close is close? I guess it's subjective.

Here my 3rd GBP/USD trade for today with another +5.

That's +25 today with my 2 Euro trades, and I'm done for today.

Couldn't resist that one: makes it +30 for today

here is a 5 pip long trade i just made om gbp/usd

Plus look at these jpy charts...there were lots of pips in this

and here is a good trade on usd/jpy

here is a bigger picture of eur/usd

consider short trades once the channel gets broken to the downside

here is a 5 pip short trade after the channel was broken to the lower side

here is how i see things....

we need to break the purple upside trendline if eur/usd is gonna push higher. After that we need to break the upside channel line...Then eur/usd will take off

see on this chart how eur/usd is struggling to get back into the channel....let's see what happens

i was bored with eur/usd and gbp/usd earlier today so i took this short trade on nzd/usd.....got my 5 pips

This was a good long trade on usd/chf but i was too late spotting this one....damn...lol

Yes, despite my realization, revelation and edification, I am still trying. In my old Oanda account that's almost blown. Took a short on the cad, one of those "walk away" trades. But, I didn't of course. When I was up 50 I set the stop to b/e +5. I thought just now, "wonder what happened to the cad?" looked at the chart and thought, "gee, will I take my 100 pips or let it go long term?". Logged into OANDA, and, alas, same old story. At least I got 5.

For you non-oanda people, the square was my limit sell, the triangle was the fill, the red dot is where I was stopped out.

lol..yes i know the feeling of seeing lots of profit the one minute....only to see you have been stopped out an hour later....or you set a take profit target only so see you missed it by 1 pip....it has happened so many times with me trading eur/usd.....

at least you got 5 pips....everything more is a bonus...at least u didn't loose anything