(binned per thread starter’s request) Truth in Trading

Quoting forexpiet

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EURUSD: Last Friday my EU position was stopped out (for a profit). I opened a new position later because of nothing basically changed in the direction I'ld want to have a position. I do not have this one on my demo account so I'll post this one from my live account: {image} As there is little movement I am thinking of closing this position and let the market tell me later where it wants to go. I'll think about this later this evening. Edit: I decided to put have the position at BE about 10 pips from current price and the other half at about 25 pips....

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Quoting forexpiet

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I have a demo trade on USDCAD. I was looking at the weekly and saw this BuLBC Weekly. Well, not quite a sell signal. But it reached what I thought to be a resistance level, denoted by the arrows: {image} So I looked at the daily and saw this 'rounding top' and at that moment a (maybe not to strong) shooting star: {image}

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Quoting forexpiet

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{quote} Well, I bet you all know, USDCAD on the run: {image}

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Quoting TooSlow

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{image} Traded long from the lowest open.

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Quoting Winston Reed

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{quote} Thanks for visiting but this thread is about a very specific method of trading. Please read the rules before posting here again.

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Quoting forexpiet

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I closed my EJ in two steps. First 2/3 and later the rest of the position: {image} UJ shot up today. I adjusted my first stop to above the daily high of yesterday. Well, it was again my half percent risk rule. Emotions ... :-( Anyway UJ came back down and is now at about a 50 pips loss: {image}

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Quoting forexpiet

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{quote} It was a good choice to close the EJ but my UJ got stopped out at the pip. I was up 1% on the week and now ending -0,5%: {image}

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Quoting kaboemm

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Hey Winston, Thanks for letting me reply to this thread. I would like to know if I draw these areas of support and resistance correctly on my weekly charts. I know you're a busy guy so I'll just post 3 of them. EURUSD Weekly {image} GBPJPY Weekly (I know you don't trade this anymore). {image} AUDUSD Weekly {image} AUDUSD Daily I'm looking for a bullish PA around the weekly support zone, preferably around the green area for confluence with the daily bullish support area. {image} Any comment would be greatly appreciated.

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Quoting Winston Reed

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{quote} I think you've got the hang of it. The only one is the GBPJPY. Your weekly Bearish LBC is incorrect as it is smaller that the previous candle. It certainly is a large bearish candle and one may want to consider it and see what happens. I've included my GBPJPY weekly chart for comparison. Welcome to the thread and hope to see many more posts. {image}

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Quoting kaboemm

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So my daily candles will close in about an hour. I'm looking at USDJPY and was wondering if you would consider trading this (that is if the daily candle stays about the same). GBPJPY - Weekly {image} GBPJPY - Daily Now what I was wondering looking at this daily chart. Would you've considered placing trades on this (not perfect) shooting star? Price is at the weekly BeLBC area and has failed to break the 50% area of the daily BeLBC. It started to consolidate and moving sideways. Now personally I would rather see this shooting star on top of this...

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Quoting Winston Reed

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{image}

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