Trading Made Simple

Long AUDCHF and EURCHF and short CHFJPY. They were the ones that were moving. Added 1 mini lot each on pullbacks. Got out way too soon. Still paper trading. Hopefully will go live when I become more consistent.

Watching a lot of Dean Malone’s videos at http://www.compassfx.com/synergy/commentary.htm. Most recently the emotional trading videos have been helpful.

Update.
Just checked the pairs and they have moved BIG TIME. Missed opportunity. Oh well. There will be others.

OMG who go long on **/CHF ?

I did take 5 pairs and boom! in 10 second 400 pips lol!

crazy move!!
i was long this pair based on 30M setup with a tp of 200 pips and just look at the chart, it went up 900 pips!!!!

http://www.forexfactory.com/news.php?do=news&id=313292

I'm not on that, but I am with EU, GU. AU. EY, GY, AY, (long) and short USDCAD. Up about 50% of today's starting balance.... will let it ride and see what happens.

Typical, I had got out a little early with +15 then that happens!

Anyone know what caused it?

Guys its CHF mania today its going crazy lol feels like those 90% off sale days hahaha.
I went long on XAU/CHF , EUR/CHF , USD/CHF made over 700 pips within
few seconds.
I just went with the main trend and entered at the crossover of TDI.

The main trend is your friend.

I got out 8 pair around 400-500 pips, my friend stay untill 800 pips.

Another one of my friend is so unlucky, he hold short and didnt put stop loss..... clear port ><

I feel real bad for your friend.

some accounts died today

Oh dear, I feel for anyone that had shorts, especially if they didn't have a stop. Having said that PA may have been too quick fro the brokers to honor the stops anyway...

SNB sets minimum exchange rate of 1.2 against Euro

Hi Guys,

You see what happened now with CHF.
I just like to raise two Valid points.

1) It is not wise not to have Stop Loss.

2) Fundermental is what basically moves the market.

Just got an account blown off.

All my trades hit TP. But its weird...now I don't know what to do. I feel like waiting for everything to settle.

People please explain to me what made you'll go short on CHF I don't understand.

1. TDI crossed over and was pointing up
2. Stoc was pointing up (secondary confirmation)
3. The main daily trend was an uptrend.
4. the 4H TF was the perfect setup for long
5. fundamentals told us that CHF going to increase

What made you'll go short?????

No more trading for me today. I agree waiting for the markets to settle seems to be the best option. I'll check in tomorrow

Very wise of you. Be content with your big paycheck for today and take a break of a day - maybe two - to ensure all the chaos gets settled. Lots of confused traders out there at this moment losing money cos they do not know where to place trades (especially when you can't but you want to).

I had just got in Eur/Usd going up based on the cross on the H4 chart.. but.. like an idiot.. I only got in with 2 Micro lots instead of 2 mini lots.. then, like an even more idiot, I took another position going up and am now at 29.3 to the bad.. I'm just hoping that it continues... sigh! guess we'll see what happens. Hopefully it will turn out pretty and not ugly! lol

entersd long eu H4 4185 @ opening of 2end candle

LOL, so who is going out today to buy a Ferrari?

IF you made enough pips for today or any other day , if you reached your target for the day then stop trading for the day, leave the pc and go enjoy life.
This is the discipline you must have and don't feed your greed which is really dangerous. Do not over trade.
Allow your profits to run but remember your stop limit.
There will always be setups for the days to come.

In my case I stop trading for the day once I reached my profit of 70pips or lose 30 pips. At the moment I'm learning how much the PA breathes before it goes in your direction on the 4h TF.

Today I made 10 times the number of pips I expected to make because I allowed the profits to run and had my stop limit in place in case I was wrong because no one can predict PA 100% its something to have to adapt and flow with and not against.