AUD/USD - Stop Moved up — Price looking a bit toppy now. Lots of upper tails and not a lot of headway being made. Stop now at 1.0520 which is pretty close to current spot price. I expect this run may be coming to an end. Will let price take me ...

MPB Journal

Orders cancelled as price broke up.......will keep an eye on this chart anyway.

MPB Journal

GBP/CHF - Sell Orders — I have buckled and given into the temptation to place orders on this pair. For the exact same reasons as the USD/CHF trade I like this to the downside. We have cleared the recent weekly low and are now testing a ...

MPB Journal

aahhh....that ol' chestnut I agree with the weight of evidence thing.....trend + S/R = >50% win rate.

Silent Service Method

USD/CHF — Orders left where they are. Playing this one conservative (for the time being) Interesting to note Bar3 high tapped the S/R level I mentioned (0.9750) then moved away. This does look like a good resistance area. If I get taken in ...

MPB Journal

C12,Venice & CW, Thanks for the replies. Its interesting how we all approach things slightly differently. I just find limit orders counter intuitive as I 'feel more comfortable' getting taken in by price using stop entries. Venice, you are right ...

Silent Service Method

C12, I have a question, the area looks logical and the trade makes sense. If you are a fan of this area why would you not place limit sell orders here with a stop loss clearly above this level instead of an SMS. Must you clearly see appropriate PA ...

Silent Service Method

USD/CHF - Orders Placed — Sell Stop order placed below the low of Bar2. Stop Loss order above the high of Bar1. This stop loss is pretty conservative as I believe I could place a tighter stop above the high of Bar2 (pretty good S/R level) but ...

MPB Journal

Trade Watchlist — These are other markets I am watching: Soybeans - A close below 15.70 would have me looking to sell a rally Cotton - A close above the 75 level will have me looking to buy a dip T-Bonds - Am looking to sell a break of the ...

MPB Journal

Gold - Long Opened — Gold has been uninspiring of late but recently broke out of the down trend line. It has tested the general area and seems to be moving back up. This could be a longer term hold as well. I got long on a break of Bar1 this ...

MPB Journal

Weekly Update — Been on holiday for a week so not a lot of action. Main positions still open, no new trades initiated. LONG - AUD/USD LONG - HeatingOil (HOU2) Stops trailed up on both trades.

MPB Journal

Gold just got more interesting. Will see how it copes above this trendline and the 1600 level.

Silent Service Method

Heating Oil - Stop moved up. — Stop moved up ...and resistance become support....so far Will be rolling this position over into the next contract month if I am still Long at the expiry.

MPB Journal

AUD/USD - Stop Moved up — Stop moved up below logical PA.

MPB Journal

Cotton - Long Closed — Stop Loss hit on this trade. Still like it to the long side but will wait for clearer PA. Probably wait for it to break and hold the 75 level.

MPB Journal

Where's the bloody 'Like' button!!

Silent Service Method

Indeed, AUD/USD in similar pattern (although no Flag) I would love this to be a higher low again however upside could be contained by the 1.045 level. Surely due to the Olympics hence demand for GBP this should drive up the cable?

Silent Service Method

This is great news except for those speculators that just got long. Soybeans is at a critical technical level now, we are at a strong previous resistance area that may become support. I have been bearish Soybeans and have been on the side as this ...

Silent Service Method

All good.....I still like the 92% bullish on the CHF!

Silent Service Method

USD/MXN - Short Closed — Stop Orders hit. Profit made. Will not be looking to re-enter from here.

MPB Journal