I have been feeling guilty because I have taken a trade that I did not post here. I took a short trade in USD/CAD due to the daily pin seen in the chart. My order was triggered at 1.0190. I am still short, and my stop has been reduced 1.0300 where ...

Static's Place

Pressure seems to be building for an upside break. Should be some opportunities in the next couple days either lower near major support, or from the 1.5550 area from a retrace after a breakout.

Static's Place

We're definitely on the same page. Looks like there is some upside pressure building. Can't really explain why, but it feels like there is a semi-strong move coming.

zoopy's trading journal

So what does that have to do with multiple accounts?

The Kod Unorthodox Strategy!

I am still waiting for the market to come above 1.5550 convincingly before I start buying. Price needs to hit 1.5600, which takes out the old 4HR low, and close above 1.5550 which tells me the uptrend is resuming. It that happens it shouldn't be ...

Static's Place

Certainly glad I decided to wait before assuming the market would go back up. I am now looking for a long trade depending on what happens at this level. If 1.5285 area holds then I am still bullish. If that area breaks, I will consider a trend ...

Static's Place

1.5550 seems to be holding up well, but I will be waiting until the European open to decide if I am willing to take a position. Ideally I would like to have my stop underneath the current swing low, and using a 100 pip TSL this would require a dip ...

Static's Place

Current Tally: Trades Taken: 17 Winners: 6 Losers: 11 P/L: +25 Thoughts: Up and down up and down. But I feel like I am beginning to understand why...

Static's Place

It depends what timeframe you're looking at. A spike can happen on the weekly and take 5 days or on the 4 hr and take 20 minutes for the bulk of the move. I think the tricky thing about exhaustion spikes is that there is no quantitative definition. ...

Jacko's Forex House of Pleasure and Pain

The market is now back at 1.5550. It is hovering around that area, has been stalled for the last couple hours. Technically we have seen a close above 1.5550, but not by much, and I don't trust that the area has been broken. However, the fact that we ...

Static's Place

The market seems to have stalled in the 1.5450 area and has now popped up to 1.5500. For me the pivot point it 1.5550, if and only if the market can break and stay above this area then I will look to get back in the market. Right now I am content to ...

Static's Place

Lesson Learned. — Trade taken out for a loss of 80 pips. OK I have learned something from this last trade. No more overtrading. I think I was so excited that I had a winning trade that I tried to baby it, and ended up actually worse off than ...

Static's Place

Trade — Ok, I am willing to buy at 1.5650. I have placed an order, full position, at 1.5650. Price seems to be stalling at 1.5700, and it getting jumpy. Probably a few orders coming in, and people covering longs. As you can see in the chart ...

Static's Place

The Tally — Trades Taken: 16 Winners: 6 Losers: 10 P/L: +105 Back in Black. Cue the rock guitars.

Static's Place

After much deliberation, I have decided to close my current trade. Therefore I have closed the last trade from 1.5660 at 1.5780 for a profit of 120 pips. I am waiting for a better price to get back in. I see a retracement to the 1.5700 area to be ...

Static's Place

Based on your current view on waves and the probabilities surrounding them, I would say there is no real way to keep your stop much tighter than beneath the previous wave. I mean, if you use only a line to view price... there are only so many ways ...

Static's Place

Hahaha, it's good to be back home. All the little comforts. There isn't a single restaurant serving beef stomach and lung within 1000KM!! And that's a good thing. I am glad to see that you abandoned the scout idea. I think in the end it causes more ...

Static's Place

good to be back — Hey Zoopy, Good to be back. Well, technically back is somewhere different now as I have moved back to Canada. It's certainly relaxing to be back in the prairies! Yeah journaling has been great, and especially keeping track of ...

Static's Place

One thing that has been bothering me for a while is the differential between the 100 pip TSL and the AH order trigger level (50 pips). Since both of them are number which must be adjusted depending on:currency pair, time-frame, and volatility, they ...

Static's Place

Perspective. — I have been reflecting on the fact that my profit has been disappearing over the past month and actually I am surprised at my thought process. In the past I would have already switched trading methodologies. I would have ...

Static's Place