meine augen sind die sterne
just was wondering what is going on with EUR/CHF. Looks like it's dying on 1.2, waiting for something to happen...
I don't know what to expect. I guess there are some pieces of the puzzle that I am missing.
I can either think of this as a temporary retracement of the long term uptrend (monthly chart) or as a downward move towards 1.18 - 1.17 (RN & Fib's 23.6% of the looong down trend on the month chart & daily PPZ).
wait and see??Ignored
DislikedI'm locking in around .5R profit this morning before heading to work. Price had a weak close below my second target so I'm putting my stop here, which is currently resistance. The rising TL and 365 are a concern, so I'll watch this area closely during first part of NY session. Whatever happens at this point...happy with this trade.Ignored
DislikedCable in a good position. Watching for PA for bounce back to 1.600Ignored
ok, i'm on it... don't know much about anything in this thread, as in the fx by the way. I guess it makes me blank of any preconceived idea...
so: back to PPZ & S/R
and so many thanks for your time and kindness!!Ignored
Dislikedthat's the same way i managed my trades since now, and by the way has worked pretty good.
if you look at the chart i posted some pages before, that's +/- the same place where i would have taken out my profits
setting properly profit taking levels is an art and i know has nothing to do with golden numbers or fixed amount. as you said before, once a high quality price action signal occur, there's usually a level where price is likely to go with a very high probability. after this initial "sure" move, we cannot predict with the same confidence...Ignored
DislikedThank's and nice share, sir. chart saved.
Ok, sir. Watching what happen to this HCR.
DislikedHi Jim. I'm starting to like your way of trading! (After almost a year of watching.)
Just wanted to share this with you. So, you can fully enjoy the weekend now and relax
DislikedBut would you have realized so quickly that your trades were random or amateurish if you were't keeping a journal?
My experience is that a journal is essential for all phases of your trading career. It can help in many ways, but perhaps most importantly it can quickly identify the things you are doing right and wrong, giving you the ability to phase in and out various aspects of your trading style. It might save you beating your head against the wall making the same mistakes over and over unknowingly!
A 'journal in your head' is not sufficient...Ignored
DislikedYou wanted to share what with me? . .was there a chart or something?
Or you are sharing that you like my way of trading? What part(s) do you like?Ignored