I agree as well. It's a little more aggressive to enter on a pullback blindly, but as long as you accept your risk, why not? I would still have stops above that "8 hr pin", to make sure you don't get whipped out, and that it's a real move of sorts. ...

Silent Service Method

Yeah I have been watching that one myself. Here's my thought on that pair though.....it's more of a "relative strength" pair for me. It tells me how each one is going to do against the USD.....if AUD looks weak against NZD, and they both are setting ...

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No problem, unless you are a Bayern Munchen fan, then you gotta go!

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There you go. It's about waiting guys.

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Long the Canadian Dolla! Holla! — This is the charts and observations of the CAD triangle that broke down....

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The most important thing about entries. — I know I keep harping on this, but it's only because it's so important. You need to have a couple of reasons to enter a trade. I always ask a few questions before I enter a trade: Is this at an "area". ...

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Personally, I would have shorted at 101 if I were inclined to. Also, I would have been watching the 99 area for support. Since it went below, I would have been moving stops to b/e by now, if not a little lower. It would have only been one trade for ...

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The first chart didn't have that far to go , relative to the size of the bar. The next trouble spot was just below. The second chart is a grade B trade in my opinion. Not bad, just not great.

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Possible, but I like a little more wiggle room for my trades. I can see that as a possible scenario though. CW

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The CAD is a little different because it's possible that this "triangle" might turn out to be a rectangle. The AUD is a definite "W" however.....so it's a little more clear. This CAD really could turn into a large rectangle.

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The following chart is what I saw.....

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EXACTLY. There is an order to how I look at a trade: #1 - Location. Is it near or at a zone? Or better yet in this case.......are we heading into an area? #2 - Type of bar. #3 - Confluence. Is it at a fib level? etc, etc. This trade violates rule #1 ...

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If we were to form another pin, it would be a double pin.....which would be a good sell signal.

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The fact that the AUD has broke above this 7250 area, which would have been a triple top, is very bullish. In fact, I went long after it held above for a few hours. I am actually in at 7271. I am willing to take a chance on letting this one run - if ...

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Yes and no. I would have been concerned about 99. (Take a look, you can see where a line should go. I think of this as one big area.....waiting to prove itself.

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It's a program called Jing. It's a free one from TechSmith, the same people that make Camtasia.

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This is a potential set up that I noticed this morning. I am posting a couple of charts, and some ideas.

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I would have been in on bar 1. What you are thinking is what I do on breakouts. For example, on the USD/CAD, I would want to see a breakthrough move at 1.30, then a retest. However, either way is valid. In fact, the pull back method is a more ...

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Well I can do that I suppose, that EUR/JPY trade was a trade that I thought was explained fairly well. I forget that because it's simple and obvious to me, doesn't mean that is how it is for everyone. I tend to make more stock trades than forex ...

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The current situation with the Canadian Dollar, and how I will play a break down. If you enter into this prematurely, good luck.

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