cannarek's student

usdjpy long taken

eurjpy stop at be

usdcad long open

thanks for mails
next week i will try to post also charts to let you know how i trade.
good luck everyone

i have forgotten about my today's entries:
eurjpy long
and eurgbp long

detials on my live account
good luck

usdcad at be
eurjpy at be
eurchf long

below screen for usdcad trade

currently open trades:
eurchf short
usdcad long

you can watch all trades live - see link in my signature

at this moment:
usdcad still long
eurchf long
eurusd long

ufff... this is not good month at all

in the meantime eurusd short was closed at 1.4 with over 200 pips of profit
i did it because this month is not the best one (-1.5% so far)
usdcad long closed
eurchf closed

at this moment:
eurjpy short
usdjpy short
eurgbp short

i was also trying to catch usdcad long again after openig but missed
gbpjpy limit sell order is set

you can watch details live in real time at my stats page - link is in my signature.
thanks for all nice words.

piotr

ps. take a look at this guy, he is really great imo http://www.forexfactory.com/showthre...=1#post4634304

eurjpy short closed (+124 pips) - more secure choice, again because of the overall result (about -0.15% at this moment)

eurgbp short closed (the same reason as previous post)

though i think this pair is going to continue the way down i closed the trade because at this very moment i can see the time for at least correction up. my overall result this month is not the best (about +1% so far) - this is the main reason i do not wait any longer - i close only as i can see any signs of buyers.

last few trades were made out of cannareks method and... all losses
in the end the result for the month is with a loss. not good. i must still work with my descipline
thanks for all mails anyway

not good. f***ck! i have made a horrible mistake and opened trade 10X bigger lot as i should. i closed it immediately but i have lost a lot not good.
now it is the challenge to recover all losses... but i will.
'stay calm, watch and react' as always says cannarek 'there will be plenty of great set ups' - lets stick to it!

Hi, i read through all the post. You haven start to share how you trade and the strategy you learn from cannarek.

yes, i know. it is really hard to trade, work 5 days per week, blog and write here on ff sorry for that. i will try to reorganise and continue...

short info on currently open trades:
1. eurgbp short @ 8740
2. audusd short @ 0945
3. gbpusd short @ 6413

that was really hard weeks for me.
it apeared i am not ready to trade as a pro and run blog and website at the same time. sorry everybody who were interested.

i asked cannarek again for help i hope he will agree to continue his blog and website because i am not good enough to do it.

of course i do not give up. i must learn a lot.
greetings to everyone who are still trading.

Hi,

I'm one of Cannarek's students I have been trading Fx for 2 years now. I'd like to share some of my method with you that is based on cannarek's method, on this thread opened by Piotr-fx. Why I'm doing this? It’s time to give back something what I learned here on FF .
My aim is not to become a signal service for you but to make you think about the price action based on cannarek's method and perhaps open a door for you in Fx.

When I started trading FX two years ago I had seven indis on my chart at the same time trying to code some super EA quickly to get rich in no time and quit my daily job After four months of such trials I failed miserably …I was about to give up everything since I could not see any logic between the price and my indicators movement...then I met Cannarek ...he opened a door to me changing my entire thinking about FX completely.
Ever since I see Fx as a foreign language. If you want to communicate in a foreign language you must learn first of all its very basic grammar and some key words... in FX these are: drawing correct Support&Resistance lines, price action, higher time frames etc....


My method: I analyse the H4 and higher time frames for direction drawing S&R lines and Fibonacci. I open my trades in H1 in the same direction with the H4 timeframe. I use also a Stoch(5,3,3) indi for confirmation only. I never enter a trade because the stoch just flipped . Indis are a sort of price derivatives you must have 2-3 reasons to enter a trade!


Good now I show you my EURUSD H4 chart where I drew my fibo and some trendlines. I switch then to H1 and show some of my longs on this pair with its SL marked with the ‘x’ label. You can see that what I’m doing is simple but not easy I buy the support trendlines (aka go long with the green labels) and sell the resistance lines after rejection. Very important look how the price reacts to those levels.

I'll post some bad trades later as well I dont' want to give the impression that I'm 100% right all the time. My aim is to start some technical discussions on the charts posted here...



L8R

hello pipVampire,
thanks to be here. yes, ive recieved info about you from cannarek he also changed my point of view to forex and opened my eyes. last days we are in close touch because we plan to continue his blog and website (i didnt manage to do it properly).
anyway - thanks again and welcome.
i will post later some screen with last trades based on improved cannareks method (improved by himself, not me. you probably know because he told me you are in contact - that he put 2 new very important things to his method: VSA and WBR analysis.
see you