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PipPilot replied Oct 19, 2008Spreads — I never see spreads like that especially on higher volume dollar pairs. Better to find a broker with a tighter spread or fixed commission. I cannot make a recommendation but it's not hard to search them out online.
EURUSD
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PipPilot replied Oct 18, 2008Good Post — Thanks for posting the Jacko compilation Fx_Genius. Regardless how one trades, I think they should read this at least once a week, especially "Fisrtly" through "Finally" on the first few pages. Emotion is a trader's greatest enemy. ...
Jacko's Forex House of Pleasure and Pain
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PipPilot replied Oct 17, 2008Screw potential. Go with what works. You my friend are a natural at this and are already successful. Only wish that I knew what technical trading was a decade ago.
EURUSD
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PipPilot replied Oct 16, 2008아니, 안 북한에서 — "No, not in North Korea" (아니, 안 북한에서). I have nothing better to be doing. Thought I would translate your signature. "오직 미국에서"
EURUSD
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PipPilot replied Oct 16, 2008No Rules — There are no rules, just price action. That's been my my hardest and most expensive lesson. Learning not to chase emotion, trends, news, etc and let the price come to me followed by hard targets for stop loss and profit has proved ...
EURUSD
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PipPilot replied Oct 16, 2008I just trade what's in front of me, stick to my rules, and practice money management (and keep learning from others and my own mistakes). And yep, profit are locked in.
EURUSD
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PipPilot replied Oct 16, 2008Nice Chart — I like that chart. Good clean lines and easy to read. And forget about being exact. Trendlines are just as much art as anything else, and you always seem to do pretty well at it. As for me, I'm short at 3485, with good short term ...
EURUSD
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PipPilot replied Oct 15, 2008Maybe it's the genes... — I don't blame George Sr. I blame Barbara. Her ancestor Thomas Pierce, an early New England colonist, was also an ancestor of Franklin Pierce, the 14th president of the United States. She is a direct descendant, ...
EURUSD
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PipPilot replied Oct 15, 20083630 Target — Hit my first target from 3550 to 3630. Watch for resistance here. A break of that can push to 3700. Edit: A break below 3600 finds support possibly at 3550 again on a trendline that started Sunday.
EURUSD
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PipPilot replied Oct 14, 2008Hanging Out in Vegas and Watching EURUSD Paint Dry — I have a long entry at 3550 around S1 with a tight SL for a 1st profit target at 3600 and 2nd at 3700. Nice trendline on the 15M with 3 hits since Sunday and a nice wide 4H trading channel ...
EURUSD
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PipPilot replied Oct 13, 20084H Channel — Actually nice channel forming on the 4H chart with the first 23.6% fib hit at 1.3639. If that trend continues there might be a nice channel to trade in up to 38.20% fib at 1.3875. Fib retracement being looked at is 9/22 (1.4866) ...
EURUSD
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PipPilot replied Oct 13, 2008Yeah does have a little Gann look to it or maybe just basic fan principle. I do think you would like John J. Murphy's book "Technical Analysis of the Financial Markets". Really opened my eyes on technical analysis.
EURUSD
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PipPilot replied Oct 13, 2008Thanks Acumen — Watched your videos this weekend. Good strategy. Had not really considered pivot points as part of my strategy. I have combined that with a more simplified trend following (trend line and regression channel) method, which ...
EURUSD
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PipPilot replied Oct 13, 2008Avatar — Sorry to see the old avatar go. It fit your style of humor and was a crack up. Current one may be too serious for you!
EURUSD
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PipPilot replied Oct 8, 2008Uptrend — I still see a valid uptrend on th 15M with support around the pivot (PP) in the 3610 area. 4H confirms a broken channel and a consolidating ascending triangle. That lower 4H upsloping trendline is strong as is the overhead resistance ...
EURUSD
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PipPilot replied Oct 7, 2008H&S — Sure. Credit goes to Thomas N. Bulkowski, "Encyclopedia of Chart Patterns", Second Edition. One normal and one complex.
EURUSD
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PipPilot replied Oct 7, 2008Neckline is usually drawn between between the lows that occur between each shoulder and the head. This is a topping pattern, so retest of the neckline as a resistance would be confirmation of the pattern. Many times the right shoulder will be higher ...
EURUSD
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PipPilot replied Oct 7, 2008Hit a support pivot at 1.3555 and has retraced back to trend line it broke previously. 1.3591 is current resistance upward right along that previous trendline. Argeed that entry here is risky. Could break either way. Better to wait for confirmation.
EURUSD
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PipPilot replied Oct 7, 2008The up trendline that started yesterday across the channel has been broken. We'll see if it's a false breakout, or if it holds for the retest around the 3595 level. Took a quick short on the break down to the 3555 pivot for a few quick PIP's. I'll ...
EURUSD