It sounds as though you wouldn't have been comfortable if you had taken it, so it doesn't matter. Lots of things move every day. I don't regret missing things that give no entry, or poor RR.

Silent Service Method

I'm confused by your post. Did you go long? Do you regret it? Did you make money? Or did you pass?

Silent Service Method

If I look at the cad weekly, I'd rather wait for the 100 (or 200) pip drop and look to go long if PA is there. Just my 2 pips.

Backing Trades Thru Charts

My thoughts are that the euro is "doing well" for the same reasons our indexes rallied 60%... because we put a small band-aid on a gaping financial wound. Now it's the eurozone's turn, they can downgrade nations, nationalize banks and whatever else ...

Silent Service Method

Dollar down, equities down, euro up (a little), pound flat, yen flat, gold flat. I wish I knew what all that meant. I always get annoyed when correlations break down, because I use them and secondary indicators.

Silent Service Method

Out of curiosity, if these set-ups occur before tomorrow's nfp, will you trade them? I'm calling it a week. No trades around the news for me. See y'all Sunday, unless a weekly paints something worth posting after tomorrow.

Backing Trades Thru Charts

Yeah....it worked so well for the Eurozone.....

Nearly Naked (Simple Trades)

My chart — Euro yesterday....Didn't take it cause I had been out drinkin....500 pip target image

Nearly Naked (Simple Trades)

image

Silent Service Method

Cautionary tale: I was, then added positions, which turned out to be "averaging down", moved my stops relentlessly, and ended up taking a 30% hit to my account 6 days before it turned in my favor. Idiocy is expensive. I believe Chris is still in it, ...

Silent Service Method

Had a few drinks last night, and did not set limit orders on the euro (trading+drinking=bad)...bummer. image

Backing Trades Thru Charts

I'm such a gunslinger I wish I could trade 4H and 1H charts, but I would bankrupt myself. Daily's and weekly's keep me in check. I hope that after enough years of this I could comfortably trade the smaller TF's, but until then......

Backing Trades Thru Charts

That was the one. Thank you.

Backing Trades Thru Charts

TLC, Could you put up that chart from a few pages back that shows the fib levels that differentiate the bat, gartley, b-fly and whatnot again for me?

Backing Trades Thru Charts

I am manually TP'ing the kiwi at .6820 for 231 pips. I had set my initial target the same distance between point 5 and the LTL. I am not smarter than my plan. Also exiting the yen at 88.16 for 240 pips as per the revised plan. Will re-enter short if ...

Backing Trades Thru Charts

Trade updates: Pound is "retracing" I will be looking to add longs anywhere between 1.4750 and 1.4850. Admittedly, I could get taken out altogether, and the experiment will have failed, but I'm giving it an honest try. I am also trying to leave the ...

Backing Trades Thru Charts

LOL...A couple of good trades and I think I'm smart enough to tell you what's what. I remember very clearly just how expensive arrogance can be.

Silent Service Method

Is this what you meant? image

Silent Service Method

But the BOJ has never been on the winning side long-term. A decade plus of deflation. Ouch.

Silent Service Method

Edit: I'd also be a buyer at a break retest of the upper TL.

Backing Trades Thru Charts