My two trades were: EUR/USD short @ 1.3085 -- obvious repeat SR visible on 4h, daily, and weekly; also a long-term line; has not been touched since 2-09. My guess as to why this failed would be that there was a bounce from 3070 a couple days ago, ...

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0-2 today, bringing my March total to 1-6 on the live account and 4-9 on the demo. Awesome. I'll post today's failures later on for some feedback. As usual, I look at my charts and my levels seem much more obvious to me than many of the others ...

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I wasn't looking for trades there, but the bounce (3963) coincides almost perfectly with a long-term SR line I have placed there, which is also a 50 fib of a "partial" wave (the wave from 3/12).

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USD/CHF had a nice move there. The news didn't seem out of line but it had a 400 pip move in about 20 minutes. Not bad for a pair with a 200 pip adr.

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This is very interesting to me because others have stated the same thing awhile back, but it's the opposite of what I've found. Looking back over my last 60 trades, of the 12 that I noted "strong price momentum approaching line", 10 blasted right ...

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Sam - my NZ sell was at .5000 exactly. My chart shows a bit of a reaction at .4993 at 4am EST, but it only moved away for around 20 pips so I left the order on.

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Continuing my role of posting examples of what not to do: Short NZ @ .5000; repeat SR, possible trendline confluence (chart attached). Hit the line and blew right through and stopped me out this morning. On the plus side, my U/J trade from ...

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Would like some opinions as to which level would be the higher probability one for GBP/USD: Short @ 1.3956 -- this is a long-term sr area (3960-3970) over the years on daily chart. Most recently, it acted as support on 3/2, which was also the lowest ...

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Thanks RC. At least I'm not too far off in general. On the E/G 9175, I see a couple touches there but it definitely doesn't strike me as obvious at all. If I saw anything there it would be around 9125. What made you confident that level would be ...

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I wouldn't go that far I'm pretty much just keeping it strictly mechanical for a decent amount of time until I've accumulated enough trades (demo and live) to have a better based of experience, and a good database of info and chart captures, then ...

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Marco, good call and it looks like you made it to around +100. I considered that point but thought the big spike to 1840 was just too blatant to be ignored. Sam, price spiked to 1682 at 8:50am EST; my 40 pip SL was at 1480. Grr. Price did hit +20 ...

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Would like some feedback on these two trades I took. Both seemed pretty obvious to me: USD/CHF short @ 1.1640 -- very obvious strong support bounce on Mar 4, looking for it to become resistance; perfect confluence with 50 fib. Got stopped out by 4 ...

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How much minimum time do you look for? That was five days ago that that resistance was established, which seems like it ought to be enough time for orders to have accumulated.

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Thanks RC. Any time you'd care to post a chart, even if it were just one potential setup a day, I'd love to see it. I do feel like I understand the principles, but (this week at least) I've just seen nothing I'd say was "obvious" -- by which I mean, ...

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I have not had a single trade this week. Bizarre. Only one setup has been hit, and the price momentum was too strong, so I did not enter. Which is good, as it would have been stopped out. Weird week for me.

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Immodesty is so unbecoming

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USD/CHF sure loves that trendline...it used it as support for most of February, then after breaking through to the downside on the 20th, has been using it as resistance regularly.

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Prelude, I'll let the more experienced guys critique the trade itself, but I'll just say that aiming for 5 pips is a very bad idea. You could win 9 of those trades in a row and still end up a loser if the 10th trade hits your 49 pip SL.

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^^^ I think he's looking for a breakout of the area you posted above. edit: Just noticed a 5 pip TP and a 49 pip SL???

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The USD/CAD around 1.3 is the kind I have not yet had the confidence to take -- it's already bounced from there 3 times; what are some things you look at to judge whether or not there's a good chance of a 4th strong bounce? I assume the significant ...

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