FF journal: Peaks and Troffs
Trading Made Simple the right way, and other trading lessons 333 replies
Trading is this Simple? Finally Explained simple and clearly! 46 replies
Stating The Obvious and The Quest For Wisdom 1,361 replies
Despair means - obvious 14 replies
DislikedUpdate on USD/JPY: For better or for worse the fed's announcement has helped out the yen trade here. Not the cleanest of entries but doing well so far. I have the first Take Profit set at 120 and will hold the 2nd position for as long as I can...may be a short trade if a double top forms...but we'll cross that bridge when we come to it. {image}Ignored
Disliked{quote} Hey Pal. My suggestion for 1 position would be 123 target and hold the other without tp. If this daily candle closes bull engulfing (day almost done depend on your broker) and weekly closes as bull pinbar,then the market is in your favour. Just my viewIgnored
Disliked{quote} I am in total agreement. I have the take profit seen here as only 1 of two positions and the other has no take profit...will try to trend ride. With price at (or near) the highs of the year and this being the end of the year, one has to wonder how much farther it will go before profit taking at year end will pull things down into a deeper retrace.Ignored
DislikedHi GSPajon, Great work you are doing by explaining the simple rules of trading . I read your thread and it is really interesting. I have just shifted my trading or you can trying to improve via simple learning of How candlesticks shows you price action and How price starts showing you signs of exhaustion and bull and bears are ready to take off. As somebody mentioned in the thread , you are doing something probably one way or the other hidden from other forms or you pay some money to learn and you learn BS [ Mostly if not all ]. I have been trading...Ignored
Disliked{quote} Here's the chart related to the post above that I neglected to attach... {image}Ignored
Disliked{quote} Hi eggs, sorry to go off topic in this thread, but I have a question for you. How do you get that scaling on your chart? I have been trying to figure out how to do that to no avail. Thanks eggsIgnored
Disliked{quote} Sorry for the late reply... I guess I'm not sure what scaling your referring to. Would you mind posting a picture of the chart or scale you're speaking of? I'm sure it's something simple.Ignored