Coffee Coffee has been in a very obvious downtrend for some time now. Commercials have been hedging to serious extremes as a result. Over the past few weeks these positions have been unwinding and as a result we have price moving back up and ...

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I think Chris is saying half your position size or stake prior to opening NEW positions. If you are risking 1% equity then risk 0.5%. If you are risking less to start with you may not be as worried about rushing up your stop to BE too quickly. ...

Silent Service Method

AUD/JPY - Long opened [email protected] [email protected]

MPB Journal

Again???.....really???......

Silent Service Method

General Update EUR/JPY - Position closed for +13.5R profit GBP/JPY - Position closed for 0R USD/CAD - Orders cancelled as pinbar highs taken out AUD/JPY We are so deep into this trend it's scary. A textbook pinbar on this chart (also on the other ...

MPB Journal

Mmmmm, my opinion remains unchanged. If that Dec low gets taken out then forget the upside. COT data is a bit conflicted atm: Legacy and CIT data show a bullish bias Disaggregated data shows flat to bearish. Waters are a bit murky here.....someone ...

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Hey Griz, The large reversal I talk of is the COT extreme reversal panning out. As noted by all your analysis, which I am 100% supportive of as this broadly forms my core approach to trading so we are on the same page there. The Parabolic upmove is ...

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Obviously I got stopped out a few hours ago now. Regarding trailing up the stop quicker, this trend is very mature now and yes I did not want to give up too much profit as a retracement/reversal could be sharp. This could be the beginning of the ...

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Thanks Griz, So far I have 13.5R locked in. A sharp pullback is overdue but until it occurs and my stop gets hit its pay day every day

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GBP/JPY Human error. After looking at my analysis chart and deciding to move stop up to 142.50. I updated the chart however failed to follow through with my dealer. As a result I should have been stopped out last night....but am still long. Perhaps ...

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USD/CAD Today printed another pinbar. After relooking at the context of the pinbars they are not really ideal. They are not located at the end of a 'clear' retracement. They are at the bottom of a run down and engulf the prior eight consecutive ...

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General Update

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The Yen beat-down continues GBP/JPY - Long opened last night. Large move so have moved stop loss to breakeven already. EUR/JPY - Self explanatory really....stop raised to 115.75 which is just below the recent swing high that got busted last night.

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....and closed out last night for 1R loss

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I would say direction has been confirmed today......wow! This looks like a great candle for the bulls. I am not entering this as I am already long EUR via EUR/JPY.

Trading For Those With a 9-5 Job

USD/CHF Long opened last night

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GBP/JPY - Long Orders We have broken above the weekly resistance level of 140. We then tested it and bounced strongly back up forming a bullish inside day. Due to the inside day I will be placing orders about the prior bar with a buy stop above the ...

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Hi Olu, Yeah, my bias is Long but position is flat. By my definition the trend is still down despite efforts to catch a bid. It is looking more encouraging though, if the mid December low stays intact we may go up. Ordinarily I would be shorting ...

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EUR/JPY - Stop raised I had a buy signal across the board on the XXX/JPY pairs today. This is good enough reason to raise my stop on the EJ. Price seems to have been chopping around showing a bit more indecision at current levels, but we could go ...

MPB Journal

Yes USD futures......Timing charts was good but its a mess now.....I use cotbase.com now. I also use barchart as well but mostly to look at forward contracts for interest sake really. Cheers Mike

MPB Journal