Yes counter trend. This chart looks a lot like the S&P 500, the Dow, and quite a few other indexes at the moment. This is a pivotal area for a lot of instruments. The truth show be obvious soon. Until then, don't get hurt. CW

Silent Service Method

Good girl. Nothing will get you hurt in this business quicker than chasing a trade. If you miss a set up - there will be more.

Silent Service Method

On a chart like that, with the bars you have had since that pinbar.....what I would like to do is see which way it breaks from that pinbar. I would also wait for a daily close either short or long - it will show itself at that point. Remember - you ...

Silent Service Method

You mentioned the one thing I don't like about this - lower highs. I would at best expect this to be a consolidation type trade. I wouldn't necessarily expect to see a huge massive move up from here. I could be wrong of course......

Silent Service Method

Personally, I wouldn't take a loss at this point. It's a counter trend trade after all. But promise me - have a plan next time. Not a bad entry, and that's only half the challenge.

Silent Service Method

If you click on her name, and then click on "Ignore" - they go away. You have to love modern technology. Bye.

Silent Service Method

I downloaded quicktime. I am not sure why, but I guess for HD it has to be a .mp4 file....

Silent Service Method

This is one of the first steps to becoming profitable.

Silent Service Method

Logarithmic isn't an option on MT4. To be honest, it hasn't hurt me. I wouldn't worry too much about it.

Silent Service Method

For me it's a matter of two things: Being able to see the bigger picture more clearly, and it keeps it so I don't have to redraw much. These lines hardly ever "change".

Silent Service Method

I wouldn't be putting money with a Bulgarian broker for starters. IBFX is offering 10% at the moment as well.

james16 Chart Thread

CFD's are not legal for Americans. Believe it or not, we cannot even trade the ones traded on the ASX, (Aussie Stock Exchange) even though they are regulated! CW

Silent Service Method

I will never forget being drunk enough to karaoke a Meatloaf song once with two girls I was out with. Ugh. lol

Silent Service Method

The latest video was kinda like a set up for that.

Silent Service Method

That is my plan as well.

Silent Service Method

EUR/JPY is a very highly related pair to stocks in general. For a good oil play, check CAD/JPY if you have that pair to trade. Japan imports all of it's oil, so this pair moves nicely with oil. So does the NOK. (Norway, think North Sea oil rigs.) I ...

Silent Service Method

or not.

Silent Service Method

I would be worried about the 130 area.....take a look.

Silent Service Method

The key sentence here is "(I am) Comfortable with the risk." That, in and of itself, will keep you in winning trades.

Silent Service Method

I hate to state the obvious, but why did you keep the s/l so tight?

james16 Chart Thread