my short .9770 triggered. stop loss 20 no take profit. plan to take half off at +20

AUD/USD

Tonights session — My thoughts: coupled with a slow sunday morning, today's theme still seems to be indecision. Sure technicals point that price is in a support zone, and that the bears seem to be running out of theme, but price appears to be ...

AUD/USD

any thoughts on the rumors of more rate cuts on the aussy? I hear its a 70% likelyhood of another one- wondering if anyone is using this as part of their analysis

AUD/USD

Honestly, I've been trading ~9 months, and consider myself a very new trader, and don't take this offensively, but I found your post long winded and unhelpful. Not because what you said isn't true, but its so generic it might as well be a copypasta. ...

AUD/USD

lol. Half of my trades week by week are longs as well and I seem to be doing great

AUD/USD

thanks for the suggestion.. but I don't have photoshop. What I usually do is just take a screenshot and crop out the part of the chart with my trade in it in 'paint', save, then upload via tinypic. I had a feeling I was doing everything the longer ...

AUD/USD

That was just an example of what my chart looks like and what kinds of stuff I slap onto it. Its the timeframe of during NFP, which is why its on the 15 min chart. Usually I zoom out to the 30/1hour, as i hold trades on average for 4 hours at a ...

AUD/USD

hey guys — I don't post much on the forum, but I am definitely in love with trading the aussy so I figure I'd start following this thread and offering my own person inputs. I'm primarily a breakout trader, and my strategy seems very simple in ...

AUD/USD

This was definitely one of my problems, and thanks to reading market wizards, and seeing the boldness expressed in the pro's, I have steadily practiced following my analysis. Looks like the fruits of my labor did not go wasted, as this morning I ...

Learn to Flawlessly Execute Your Trades

easy. When things look like a mess, you don't trade. Being in the market at any given time is not a requirement- wouldnt it make more sense to trade when your charts make sense?

How did you do this week? - Surviving a bad week

Most people are trading wrong, plain and simple. You read a book about basketball, then expect to play like kobe the first time you are on the court. You are trying to go for 100 point games when you can barely take a shot, then you get mad, ...

Why 95% Of All Traders Fail

New Years Update — So I ended up taking a break for the remainder of December, and took the time off to decongest. This week I hopped back into it with a fresh mind and had a green week. No mistakes, all winning trades. So this journal will ...

Not so nooby Not so pro- My fight with psychology

instead of hop + opium i think its hope + opium, meaning that even though everything going to shlts, people are blindly hoping that disaster wont happen. Kind of like hoping eurozone will fix its problems and buying euro even though its ...

What is hopium?

Heres my example: The circles are my trades that I took, the rectangles are the zones I was mentioning. I took more trades than the ones I listed on this picture, but these three shows how I spot for breakouts and bounces. You can find more pictures ...

All types of Breakouts

Hi, I'm a breakout trader. Every trade listed in my journal is a breakout trade. Just to share my thoughts, for the way I trade these are the key aspects of it: I assume the market is always consolidating (read a lot of places that suggests 75% of ...

All types of Breakouts

Dec 7, 7:13pm (Asian) — So things havn't been the same for me ever since the swap spike, so I guess the shock of having the market punch me in the face is finally sinking in. I am now making nooby mistakes again- making very very accurate ...

Not so nooby Not so pro- My fight with psychology

Explaination of last night — image image image I'm just using the 1H chart for simplication purposes. The breakout box setup was on GPB/USD, highlighted in blue at the highest points on the chart. You can see that strong red candle ...

Not so nooby Not so pro- My fight with psychology

Thursday 12/01/11, 5:16pm (asian) — So, after staying awake the entire night and noticing that 1) no catalyst to drive a breakout reaction 2) mixed news good and bad, each time causing price to spike ~10-30 pips each direction 3) The "noise" ...

Not so nooby Not so pro- My fight with psychology

I suppose the only way we can learn from yesterday, is figuring out what telltale signs there was in the marketplace that hinted that this big move was coming....

Not so nooby Not so pro- My fight with psychology

11/30/11, Asian Session 6:10pm — So for all that trade, you will know about the 300 pip spike caused by banks teaming up together to try and stabilize the eurozone. I had a huge chunk of my account wiped out, so emotionally it is very ...

Not so nooby Not so pro- My fight with psychology