Excellent advice. I love this post.

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A trade I just took. — It's not forex, but that happens......INTC, long at $15.17. First chart is hourly.

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I know what you are saying. To be honest, I think this pair is due for a pullback, so I am watching for another short myself. I would like to see P.A. at 1.20 or so????

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Demo of ebook. — I have a basic intro written, this is a "teaser" as it were....I am hoping it will give you a thing or two to think about.

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My personal opinion is that we may be ripe for a pullback, not a short. You do have a little area there, but I see it as minor, and wouldn't worry about that level. I agree with the other poster that 80 is where it wants to go at the moment.

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Some brutal honesty. — I want to address something that keeps happening: I am getting several PM's asking about the summary of rules that I am writing. There are a couple of things about it that I want to address, so that I am not getting so ...

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I have to admit I like the chart......but like you - I don't really pay too much attention to this pair.

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Getting comfortable with your 200 pip profits actually IS a hurdle to get past. I know it doesn't sound possible to someone that doesn't get those runs, but it's kind of hard to give up 80 pips at the end of a 500 pip run....if you are used to 30 ...

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i got whipped out of the AUD, it happens. As far as GBPUSD, I am not overly sold on it yet.....if you look back, this area isn't a super clear one, it's a bit choppy just above it. I'm not that impressed to be honest. With the stress-test coming out ...

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For me, I don't look beyond the weekly areas, it just gives me a potential "heads up". CW

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Yeah, this one wants to move.....and when it does, IT DOES.

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Lagging indicators have no real use in my method. Of course, you could explain why 55 days average means anything? Why not 20 which is a trading month? Or 40 for 2? 233? Doesn't mean anything.

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Think of it this way: I wouldn't let it go against me. In a perfect world, you are way up right now, and can put your stop loss just below the bar. But always remember this: Job number 1 is protect your trading funds. If you set a stop at b/e and ...

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It depends, although you should always be at a weekly area, so it should be one and the same. But I think this is what you are referring to: If as an example, ten pips above your bar to short is a random number, like.....1.4991, I prefer to put ...

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I agree with this post, but let me explain how I look at things, to cut through clutter: Taking your scenario of a weakening Euro, I would start looking at shorting it in general, yes.....but it just shows me a general direction. Remember, I wait ...

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You can draw a fib from anywhere. I am not overly concerned about a fib most of the time, it just adds to a reason to take a trade sometimes.....

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I would say this about this post: Newbie traders that are truly serious about "making it" in trading, need to print this out backwards, and staple it to their heads so that every time you look in the mirror, you are reminded of this. I could not ...

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I certainly hope so, since I went long. However, this is one of those trades that will either work really, really, well.....or will get stopped out right away. I cannot give you any reason for it to work other than the charts behaving the way ...

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My charts are from a website called url - My broker is Interactive Brokers.

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As far as a SL, I would consider it broken if it gets 20 pips higher than the bars you are talking about. (This pair has a larger spread after all.) As far as TP - I would probably trail it...

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