here's an example: blue box is the target — url

Silent Service Method

I'll go down to the H1 for pattern recognition, but those generally have pretty short-term targets, otherwise, daily's and weekly's.

Silent Service Method

No, I don't like trailing stops, I got taken out at BE, so it didn't cost me anything, but it sucks to be right, and have nothing to show for it. I starting to look for "shake-out entries" rather than just taking the primary signal.

Backing Trades Thru Charts

Here's my chart: Bought at the arrow and got shaken out 7 days later....B@st@rds.... image

Backing Trades Thru Charts

same story on the kiwi — image

Nearly Naked (Simple Trades)

kiwi: rising wedge — image

Backing Trades Thru Charts

That's a perfect way to view these moves. Thx

Silent Service Method

image

Silent Service Method

That was on my watchlist last week...nothin' happened...I'm in it if it breaks this week.

Silent Service Method

just some thoughts... — Just like you, me and the kiwi...lol. This is how I trade. And I'm hoping to change that. I take a lot of 1% losers before I get a 25% winner....and overall, I lose doing it. Unless something is trending hard, with only ...

Silent Service Method

I can send you an e-copy if you like Marc, just PM me with an email address.

Backing Trades Thru Charts

I just printed the few pages from the end for easy identification and kept them handy, when I need to know more I go through the book. They look like this and I keep them nearby in a folder. image

Backing Trades Thru Charts

I decided to allocate 2% to the kiwi, the first 1% is underwater like yours, the second got stopped out overnight, as I was trying to keep the risk low and short at a better price with a smaller SL if the opportunity came up. I'd like to short it ...

Silent Service Method

Today bumped me out of every position I had based on ops I had identified at the beginning of the week. All I can say is....ouch. Before anybody gets on me, I have my risk management in place, it just sucks to be 100% wrong. I guess the market knew ...

Silent Service Method

Best of luck.... image

A simple strategy with no indicators

For both the euro and the pound we haven't seen any kind of real retracement of this upthrust, I suspect both will go higher. For the euro I would need to see a break-retest (on the daily or weekly)of 1.25 before I could call this a short again. For ...

Nearly Naked (Simple Trades)

That was awesome.

Nearly Naked (Simple Trades)

kiwi — image

Nearly Naked (Simple Trades)

The upward move was plotted by a bullish b-fly a few weeks back. I missed the long entry (happened during london when I'm asleep), and by the time I saw it the next day the RR wasn't worth my while. I setting short entry targets based upon the ...

Nearly Naked (Simple Trades)