Showing a lower high on 15M on my chart.. if it breaks under 4040 I should get in and use 4095 as my SL.

EURUSD

Nice, going back up. I really want to see this break 4100, will make a great short if I can get in above there.

EURUSD

Retraced almost all the way to 61.8 of the last few hours swing high and low. Might finally begin moving up to break 4100, too soon to tell. Feels too early to go short yet though. But if it breaks this low I might go in at 4042 with my SL at 4125. ...

EURUSD

I'm thinking theres going to be a longer term move up also, but I think price needs to work its way down to 3850 before it tries to break out higher.

EURUSD

Thinking it could get close to 4150 before continuing down?

EURUSD

Waiting for price to flirt with 1.4100, then just need to see a price action signal to tell me when to go short.

EURUSD

Chart of how I think it will play out over the next couple weeks.

EURUSD

My long term prediction is going all the way down to 3850 and a little lower, before a long bounce back up. I'm thinking it will break out of this range long, just not sure when. But I do think it has to hit 3850 before a break out finally happens.

EURUSD

I might have to experiment also with an immediate break-even stop. At 10 pips move stop to break even, but wait until 1:1 to close half the position. Since the basis of the trade is to exploit momentum bursts, in most momentum situations the trade ...

5 Minute Momo Trade

Also, another thing that helps! When you open up the properties in your 20 EMA, goto the Levels tab, and add these. 10 -10 20 -20 15 -15 The 10 levels help you guage instantly if price is 10 pips above or below the EMA, the 20 tells you where you ...

5 Minute Momo Trade

This is one of the first profitable methods I ever tried. I'm using price action mostly now, but this is a nice way to catch the days big moves. The only downside is in between market hours when liquidity slows down, a lot of false signals are ...

5 Minute Momo Trade

I started working for myself 6 years ago. Not Forex, Software Development.. but I think the shift your looking for is about the same. I was working a minimum wage job and it took me a few times to quit the job for good before my income became ...

What lengths have you taken in trading

Thanks, looking at my price action clipboard now. Didnt catch it as a bullish outside bar, I always thought the real bodies of the candle needed to be the ones engulfing each other.

james16 Chart Thread

Heres a sort of pinbar I just saw. I didnt take it though because I havent traded many. I've seen much better ones before and this didnt seem worth the risk to me. But, was I wrong? Does this look like a trade anyone else would have taken? My ...

james16 Chart Thread

Kicking myself now, lol I had some very good signals to get in at 4134, but first trade in a while I got gun shy. 15 pip risk, and look at it go. Probably going down to 4050, would have been an excellent trade! Oh well, NEXT!

EURUSD

Think we'll see a bounce off 4050 today? I was going to try a buy order at 4100 but I have a feeling it might blow through that and take me out.

EURUSD

Probably a simple question.. With the pinbar setup, does the close have to be lower than the open of the pinbar when its bearish, and vice versa for bullish? Ive been passing up a few because they didnt follow this criteria only to watch them work ...

james16 Chart Thread

Question about if this would be a valid J16 trade, just checking if I'm getting the hang of this. At the inside bar, I would put a sell stop being its in a downtrend at the moment and it first broke there anyways. Being a little more conservative I ...

james16 Chart Thread

I plan to hold this position for a while, for as long as the eurusd is in a down trend. It does make more sense though to just apply AH instead. Thats what I'll do after this trade. Much more efficient to risk 200 pips instead of 500, regardless of ...

Jacko's Forex House of Pleasure and Pain

I should let everyone know when I trade so you know to do the opposite, lol Put in a short yesterday @ 1.2722, SL 1.3222 (trading .01 lots). Just letting this one ride, I know I'll be safe tommorrow since the daily range is around 270. So long as it ...

Jacko's Forex House of Pleasure and Pain