Emotions: — Due to that fact that my performance has been lacking over the past month I am tempted to take this trade off the table prematurely. The reasoning being that I believe we will encounter resistance around the 1.5800 mark, and seeing ...

Static's Place

Back.... — Well, I didn't plan to be away so long, but sometimes it works out that way. My vacation was amazing, Spent 3 weeks in total split between Yunnan province China, and Vietnam. I think I was fortunate to be able to see some of the ...

Static's Place

Stopped out on last trade for -70 at 1.5380. I am heading out on vacation tomorrow to Yunnan province (China). Will be back in two weeks. Hopefully the market corrects for the next two weeks and is ready for a big buy when I get back...hhaha. I am ...

Static's Place

I think you have the better approach. I am assuming you are seeing something similar to the trendline I have plotted here... I am taking this trade at 1.4450 due to the fact than in my experience daily pinbars tend to be reliable more often than ...

Static's Place

Well... interesting. — An interesting situation. 1.5400 has held up for 5 or 6 days now. As you can see from the chart we got a Daily pinbar yesterday. (Red arrow) The bar is on a newly forming daily PPZ (area of s/r denoted by the red line), ...

Static's Place

Hello Rnl, I could explain it to you, but you would probably still have some further questions. These are not my concepts, in fact they are quite "classic" reversal setups and are known by many different names. Check out the link out at the bottom ...

Static's Place

You can check out my journal if you ever want to know what I'm up to in terms of entries. It is here --> url I favour 1.5150.

Jacko's Forex House of Pleasure and Pain

Ok, I have placed an order. I am expecting to buy some place between 1.5200 and 1.5150. As you can see on the chart the 1.5150 area is just below the major 50% fib retracement. This level also corresponds with a somewhat undefined area of S/R. There ...

Static's Place

Ok, I have placed an order. I am expecting to buy some place between 1.5200 and 1.5150. As you can see on the chart this is just below the major 50% fib retracement. This level also corresponds with a somewhat undefined area of S/R. There were three ...

Static's Place

Should have shorted haha This looks like it will break 1.5400 in no time. I have seen some traders attempting to go long here.... I would be very careful, this time we may not see such a forgiving bounce. We have now been correcting for 11 days. ...

Static's Place

I couldn't agree more. As soon as I saw that 4HR pin it confirmed more downside to come. According to Jacko's method there is really no reason to go long at this point, we haven't even started seeing higher highs and higher lows on the 4HR, not to ...

zoopy's trading journal

Thats more like it. — This is what I like to see when I am waiting for a retrace. Hopefully this Pinbar has some oommppff so we can drive this sucker down a bit. The pinbar is sitting right on a descending 4HR trendline and is near the 50% ...

Static's Place

Trade the plan — Well I suppose I have the benefit of hindsight. But, had I followed my original plan I would have been up 100 pips right now. I suppose my reasons for staying out were valid, but I am slightly annoyed I didn't pick up the 100 ...

Static's Place

........... — Hmm, Price is looking stronger than I expected actually. For some reason I figured it would zip right down to 1.5200, I would buy 1000 standard lots and the market would shoot straight to 1.6000 and beyond and I could retire. ...

Static's Place

I was planning on entering at 1.5400 as well, as I discussed in my journal. I decided to leave the area alone as I saw no evidence that the market was near a bottom ( no increased "spikiness" or PA). I think I will hold off until we see some better ...

Jacko's Forex House of Pleasure and Pain

Raz, I didn't realize that you had a journal; I will be following from now on. I think we trade very similarly. I was also a member of J16 and have been using that to supplement Jacko's methodology. I am keeping one of these journal things too... ...

Dumb blonde trading...

[/B] I agree. And if you are trading the break of a small wave upwards for a long trade (BUOB on, say, 4HR) at a place that is also a pullback of an even larger wave (say daily or weekly) then you are effectively trading PA off of major support and ...

Dumb blonde trading...

Yeah thats true, the one thing I do like about it though is the distinction between a full signal and a half signal. If the wave, as you call it, after breaking a high or low comes back into the previous one that it broke then it is possible we are ...

Static's Place

Well waiting is paying off, there is a sea of red out there. With regards to my interesting 1.5400, I am thinking that it still seems like the market has too much downside momentum. With this momentum and NFP tomorrow going long would be a pure ...

Static's Place

Peaks and Troughs — I have been really enjoying Zoopy's journal as he has been dealing with the question "How do we know when the trend has changed/resumed?". His approach is very easy to follow, and I believe, very powerful. I want to post ...

Static's Place