I know it's hard for some people to believe, but it's not always necessary to be "in the market". I think that is what gets most people into trouble. A lot your results come from what trades you DONT take as much as the ones you do.

Silent Service Method

I am not sure exactly what it is you are asking, so I hope this answer helps - I IGNORE FUNDAMENTALS AND ANNOUNCEMENTS. With two major exceptions: NFP and Interest Rate decisions. The only way I treat them differently is that I won't put on a trade ...

Silent Service Method

Yes, I feel that you are correct in your analysis. I think that it's a great spot for a pinbar. There is only one thing that makes me a touch "iffy" on this, and that's the fact we keep making lower highs. It just look like it's running out of ...

james16 Chart Thread

I DON'T trade between the lines. Period. It's what keeps me out of trouble.

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Sometimes it pays to zoom out even farther. This is the GBP monthly. You could easily trade daily bars from this chart. Notice how every 1000 pips, there is a serious, and more importantly obvious zone. Traders aren't that smart.....that's why there ...

Rocky

Agreed. And to be honest, there are a few pairs lining up. Should be some moves soon.

Silent Service Method

My sucky broker doesn't offer CAD/JPY.....but the GBP/CHF is just taunting me with this "wishy-washy" crap. But.....it seems that pairs that do this kind of action will sooner or later become a DEAD OBVIOUS trade. When this thing decides what it ...

Silent Service Method

BINGO. EXACTLY. I love this pair to be honest, and enjoy trading it.....but I see an THICK area we are sitting at.

Silent Service Method

White goodman journal — You guys should check out Goodman's Journal.....that banner is hilarious!

Silent Service Method

I like it if it breaks down a little. This is one of those times when you have to let it tip it's hat before you commit to any trades.

Silent Service Method

If you are going to trade GBPJPY, take a look at AUDJPY - it has more "room" above it than GBPJPY. Welcome.

Silent Service Method

The very fact they are there shows me a fair amount of support. The next bar shows resistance. This tells me indecision. Let the others figure it out - just follow whoever wins is my advice.

Silent Service Method

I will trade either - I just prefer more volume. In fact, I have an experiment going where I trade only the Dow30. I have proved you can do well with just that. (Assuming you can short as well as go long.) What platform is that by the way? The ...

Silent Service Method

I do it off of the set up only. However, when I short it - I know to "expect" some kind of reaction at the bottom of the triangle......if that makes sense.

Silent Service Method

I would only go long if it holds above 1.75. Ideally, I would like to see a break of 1.75, and a pullback, and up again.....Until it gets above 1.75 - it's still a short.

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I know, and it will probably race right down to .9800 as I wave goodbye to it.

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A lesson. — A good example of a trade not worth bothering with.....

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This one is on my radar as well....

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I knew that 1.50 was a serious area, and the shape of that pinbar was too good to pass up.

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You're welcome partner!

Silent Service Method