Nice trades all! ^^^ Here's the chfjpy I mentioned earlier... Pretty textbook so far and 40 pips up. I might move to break even before the market closes tonight and see how far it goes on Monday. On the daily 85.50 seems minor s/r but we could see ...

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Trendline break. Chf looking weak (usdchf up with no discernible resistance in sight), jpy looking strong or neutral (usdjpy down but with a bit of possible support around). Sell order placed below the retest candle with the stop loss just above. ...

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I took a small loss on usdcad yesterday as it broke the last 4 hour swing high where I'd put my stop loss. Usdsgd stopped out for +150, it never went over 200 pips up so there obviously wasn't much more in the trade anyway. I've taken the decision ...

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Usdcad just stopped out for a small loss. I'd pulled the stop loss in as I wasn't too happy with the way the trade looked. I'm not too worried, I've got enough exposure to the dollar as it is at the moment.

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Euraud is in uncharted territory now. I took a short last night at the bounce from the trendline, not a really good quality signal but with the trend at least. It'll be interesting to watch with no prior s/r levels to be guided by!

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Hmm, you could be right! Usdjpy is enjoying doing it's own thing at the moment. I'm sure when it makes it's mind up it'll take off with force, hopefully in our direction! I missed the gbpjpy one, good luck with that.

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Er, it was you who said it! (I've been reading the start of the thread again ) Jharvey, I know what you mean, we're both here to achieve the same thing so it's no problem. I was just pointing out a few things.

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Touche! My point was though that after a big move like that it often retraces so I was looking at 200 pips and only had 100 locked in and I wondered what other traders would do in that situation.

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Completely! What's the worst that can happen in a few hours? I'm not sure you've grasped the philosophy of this method. The idea is that you will definitely have a few losers due to volatility but occasionally you will take a trade and still be ...

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Hats off to the corvette kid!

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Lol, thanks. A bit lucky though I'd be the first to admit.

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Got it, thanks!

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What would you do with this, close it or keep it? That looks bound to retrace but could go further down. The trouble is that the resistance level is good to hide the stop behind but it's a bit wide, where else would you put the stop? At the end of ...

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Nice explanation, thanks.

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Chris, do you see any conflict in being short usdsgd and usdcad but long usdjpy? I can see how they all could possibly work out but it seems strange to be trading usd in both directions!

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I have trouble logging on with the mobile trading. Maybe I've misinterpreted your situation then? Presumably you must be out of the office for days at a time?

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I don't know how long you are away from the office at a time but the first thing is that no matter how hard you watch that screen you can't move the market by willpower and the second thing is that stop losses are there for a reason... Place the ...

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This is going to take days to play out, read these posts... page 5 - post 63 page 50 - post 739 page 55 - post 822

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We must be on different time feeds, I got in at 9970 below my last bars, but the s/r at 1 is a definite. We could easily see 0.98 and what if it breaks through and goes lower? There's no support for ages! Happy days!

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Is that top dotted line a take profit? I would definitely let this one run and just trail it on the 4 hour chart. Don't forget that I had a bit of luck too with those trades...

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