You've Got Ideas, Post'em Here.

Yep most likely...you could just get an EA copier too? The lot size will be relative to their account size as you place orders?

Few of them are actually using MT4 platform so I've decided on ZT as it's easier to manage and I don't need any complicated EA.

Thanks.

http://www.forexpeacearmy.com/public....zulutrade.com

plenty other scam warnings on google

Lol it's really confusing me all these negative and positive ratings. So do you suggest an easy to manage EA because I saw the one in the beginning of the thread and it says you need to open more than 1 terminal and etc. I didn't like it.

Quick update:

I was keeping an eye on EURUSD and it finally broke out of the congestion area, Fly Baby Fly.

Hi buddy!
How you doing! Didn't changed mind on that EU long yet? I got hit -90 pips on 13 on EU, but rest goes really well on my demo.
I sae your SL around 1.4250. If you don't mind to comment are you holding it till the end whatever happen, or you expect further rises on EU..?

I took couple of trades lately, maybe will post all of them on Saturday somewhere around FF for evaluation purpose.

Hello,

I'm doing great but the week was slow.

Glad to hear that you're doing well, keep going strong.

Unfortunately that breakout was a false one, I've experienced these things so much and it's fine even if I score a loss so be it. I have plenty of other trading opportunities to profit from.

On the Weekly chart this week formed as a pin bar and it seems either it will reverse to the downside strongly or continue to the upside but slowly.

I've placed my stop behind a strong support level for more protection, in case price drops there would be a support level that might shoot the price to the upside for a few pips and might exit one position and move the other to Break even.

On the daily chart it's already trending to the down side so No I'm not expecting price to rise but that's just me. Let's wait and see what happens.

Feel free to post your trades here so I and others could benefit from them.

Have a nice weekend.

Jesse.

Ok, I'll be your guest then

Here's first bunch of chart, my trades based on my analisys on 13-01-10 at 1AM.

UJ: expected continuation of bounce up from R/S line I decided to enter half position on the market [first arrow] and wait for my 30M setup [break of first top formed after bounce] to enter another half. As there is downtrend on daily TF, I set TP quite quickly [pink lines].

GU: There was nice double bottom formation from October to December last year, and at the same time double bottom between 30 DEC and 7 JAN.
12-01 is an inside bar, so I decided to set entry on top of preceding bar. However decided to be extra careful as recent daily top @1.6242 may act as resistance. Finally I closed both half with 60+ pips profit.

EU: Recently broke top of a channel, 12-01 was inside bar, so I set my Entry above 11-01 candle [as depicted].

As you can see on a 30M chart, price firmly proceed to my entry aera, where move stopped. This was pretty suspicious for me, but finally I closed this position 10 pips before SL [-90 pips]

If you have some suggestions about those trades, maybe some you wouldn't open [maybe some fibs or other stuff I missed, or you don't see proper setups here or anything else].

I will appreciate all feedback, answer your question, and will post my friday trades soon

EDIT: On daily charts I marked candles that was not visible when I designed my trading strategy, hope it's helpful

Here are trades I took based on my analysis on 15 January.

GJ: Nice pinbar on daily [I missed it, but someone post it on James16 thread - thank you] in confluence with strong resistance in that area. I wasn't sure as to entry point. I decided to set @148.20, but on 30M chart you can see weak resistance there. Finally I closed half for +70, rest I decided to close for a weekend [+70 as well] and will reopen if price will satisfy me...

Nice trades man

One thing I didn't like about them is that you zoom to the 30M chart, I personally don't use the intra-day chart at all. There's to much than I can handle in them. Lol

All the trades you've taken are good except these:

UJ: On the 4H chart there was a nice Head N' Shoulder formation on a strong Weekly Resistance level, and was broken, and re-tested, Absolutely a nice confirmation to enter short rather than long.

GU: It's a good trade that you've taken but I missed it However I'm waiting on the Weekly chart for a breakout, plenty of pips are waiting for me there hehe Just wait for the confirmation before entering any breakouts in this currency as I'm expecting the breakout to be very volatile.

Also implementing the Fib lines would help with your entries I use them on all charts and it's very helpful in Targets and Stops.

What do you think of the above, does it make sense?

Please continue posting if you want, I'm happy to offer whatever I got.

Regards,
Jesse.

I closed UJ very quickly as you can see - exactly because of countertrending.

On friday I opened short UJ, but did not posted, as I don't remember why I did it exactly...

As there is general downtrend on UJ, any formation that makes you short is nice, the only "but" is that I read here and there that new min fin in Japan is "Yen bearish"
Recent daily low @87 is BoJ intervention at that level.

Personally I will think of shorts anyway, 14-01 is a pinbar and free room till 88.70 [76% of last daily wave that formed from April to December]. Hopefully UJ will be somewhere there on monday open.


As to 30M charts - I work with them since last year, so I'm quite familiar with their shapes. However I use them to set SL and sometimes to enter the trade [especially on bounces I find them useful - I watch mostly dips and tops.

I think I will post weekly, however I write market reviews everyday for myself, than just post only those trades that were open

EDIT:
As to your GU breakout, I think you right, however I think It may take a lot of waiting till it will brak any level, because why should it - personally think nothing happend yet, what would make ppl think - this price range is inadequate.. At the time I think there will be couple of bounces up and down [se beware of false breakout...

Keep in mind that having some sort of a detailed trading journal will help you in the future in the event that you are not sure what to do in any situation.

I've attached a chart of the AUD/JPY currency, Keep an eye on it!

Keep me posted.

Hello again,

I've just taken another trade on the GBPUSD currency, It's a long trade supported by a previous Support Level and the 50% Fib Level.

This setup is so beautiful, I love it.

Peace.

Very nice setup, curently I see bounce of 1.6354, there is 50% fib [November - December wave]. If its broken, up up and away!

I have reentered my UJ and GJ. GJ stoped out for -120 pips, UJ still in.

I've attached a Monthly chart of UJ and it's strongly trending to the downside since July 2007, I don't think that this trend is going to end today.

I mean until now the Trend line has not been broken and I think that another swing to the downside is coming.

Best of luck.

I'm half position short on UJ, and EO other half @90.50 - below Friday's lows. Targeting 89.86 and 89.05, I expect bounce from below 89 where I hope to find another setup... [maybe even 30M setup..?]

Your GU skyrocketed, UJ sits still. It missed my other half entry for half a pip, so I entered 1/4 of position 17 pips above my order, and wait for rest 1/4 to short from 90.50.

I still work on best way of visualising on my charts. I used to keep charts of all pairs Daily and 4H separately and switch from 4H to 30m if needed.
Now I keep only one chart per pair, and swiych between TFs, so can see all trendlines and S/R on one chart. Will se what fits me better...

I've only managed to get 37 pips out of the GU move, the second position was stopped out at breakeven.

I'm waiting for it to re-test the previous swing high and from there I'll enter another trade.

I'm in UJ also, but my targets are a little more wider than yours so it might take me a little while to book some profits, but it's worth the wait.

Checkout my Journal in my signature to see my exact points, and maybe if you need clarifications as of why I've placed them there!

Have a good day.

Half of my UJ is now closed @ BE rest in small minus, [I don't know where all that USD strength across the board comes from...]
Looking at 30M I think it would be extremely hard for it to wipe my SL in single move now, I wait for retracement on UJ to see where it goes...

It seems like re-testing previous Resistance level before continuing it's way to the downside.

Let's wait and see.

Good luck.