This is a handful of charts I posted over at the James16 thread earlier today. It's the EUR/JPY trade that I am in at the moment.

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Only one good trade a month.... — I have come to understand recently that it really only takes one good trade a month. Not that I only take one trade a month, just that it seems there is always one trade that "shows up" to give me a majority ...

james16 Chart Thread

Not yet. I was thinking about it later on down the road. But I would not add that much, maybe 10% of the original position, so it wouldn't be too dangerous....I might address this later.....I rarely do this, but I know where I would. If I do, I will ...

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Classic set up.

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On the Eur/Jpy short.....waiting to break through 129. If we get through there, this could be a great run in my opinion. CW

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It's very rare that I let a weekend dictate anything. I tend to let them go over the weekend if at all possible. Let's be honest, it would be easier to see bad news shock the market, than good....which would work in our favor. More than likely ...

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You see that little area of consolidation to the left of this candle? We want to get below that, once we do.....I will move stops just above that area. Once that happens, I will post a chart. CW

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This is corrYou can only swim upstream for so long, so to speak

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That's funny, you were stuck in the City Center Mall lot. They just tore that down, and all the surrounding buildings to build a city park. (ala Central Park) And yes, we have quite a few microbreweries here.....

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That top line needs to be at 1.30 It's so strong, that I have a standing order 100 pips above it, and it has been there for months now. ;-)

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If it's a psychological game, then stack the deck in your favor. — Before I get into a lot of exit strategy charts, I want to write about something that is probably more important than the actually "strategy" itself. In fact, I am going to ...

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Yes, that's an area I would be very interested in. I have it as a 50 pip zone from .72-.7250

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If I had a dollar for every time I did that exact thing.....ugh. But don't worry mate, it's all part of the learning process. It's hard to let your trades run, I know....but it's what makes the difference in my opinion. CW

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1- Yes, and I will put more charts up soon, I promise. This is what makes me a little different than a lot of others, I actually have an idea of exits. It's also the most important part. 2- I NEVER AVERAGE IN. THERE IS NO EXCEPTION TO THIS RULE. 3- ...

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I have no issue with this trade at all. As long as you are aware of the areas you need to pay attention to....you should be fine.

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I see nothing wrong with your thoughts.....I am in a different trade altogether than you. I am looking for the larger move overall. I could be wrong, and I am alright with that.

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less profits as well i would suspect

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I posted three charts on the EUR/JPY short.....which I will be in until we hit 135.25 (loss), or several hundred pips below entry.

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Congrats on the trade, that's great!

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At 135, its a long. (in general) I believe 135 is the line in the sand.

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