Hardest thing for me in trading is figuring where to set target. If I think (almost "know") it will go very far compared to where I place the stop, I worry that it will take too long and waste my time. There is much greater risk of a time-draining ...

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I'm going to exit the GBPJPY long now in favor of going short AUDJPY. AUDJPY looks clearer to me now than GBPJPY. Here's the entry, stop, and target. This has a r/r better than 1:8. Going to see how it plays out.

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And here is another pair that looks ready to explode to the given level, AT A MINIMUM! (Chart) It might seem odd buying after the market has just gone up 2,000 pips, but this is where the weekly perspective comes in. I would expect to see the next ...

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As for an update on my last USDJPY call, it appears I will have been right. I am not still in that trade, however. Just spent the last 50 days or so doing what I always do; work on getting better results by gaining new perspectives through intense ...

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GBPJPY looks ready to pop. Stop/Target/Entry on chart. Entering now. (Edit: Disregard that purple line in the chart. This fucking line just appeared on my computer screen and won't go away.)

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You made a great call last night, CK! Yes, if you think USDCAD has a lot further to fall, then trust your instincts and LET YOURSELF WIN. But what do I know? I didn't even make any money in March. I should just shut the fuck up. In fact, that's what ...

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Just checking in. Was not stopped, but it came within 10 fucking pips. Shaking my head all day wondering what the fuck I'm doing. Needed to think, not post here. Anyways, I'm down about 1% on this trade (never even got a chance to add size) and I'm ...

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Same here, buddy.

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I lost a few times (losses were small as range was very tight) inside the range, before getting it right. Yes, I was in near the bottom of a range that broke to the upside later on. And your right that you don't need to be positioned before the ...

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Ck, do you remember that PM the other day about the grand slams? Those were won off of taking advantage of a breakout out of a very long and tricky range.

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The good part about this market is that all this trickery should lead to a big move when it breaks the range. Due to reasons already explained, I think the break is going to happen at the top.

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What can you do? If you're doomed, you're doomed.

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Hard part in trading (one of them) is there are so many nuances that need to be noticed in PA and patterns that failure to do so can and will lead to losses. Let's take this latest loss of mine in USDCAD trade. Another lesson learned today (you'd ...

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Haha...yeah, but then where do you put the stop loss?

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Going long USDCAD now and giving it 100 pip stop. Target = 1.3100

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Not stopped yet, but getting out anyways. I'm thinking this thing is about to break a long-term high set at 1.3060.

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Its happened to me many times before. Don't know why I don't just figure out a stop and place entry a few pips away.

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Can it deliver the finishing blow? Down, but not out yet.

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Wish I would have waited till then to short it. I'm short at 1.2615. I think it has topped now and will go to my target at 1.2188, probably much more. It should NOT go to 1.2757 for my analysis to be correct.

USD/CAD

I'm not taking this one, but here's another 1:3 trade I'd feel comfortable taking if I wasn't already in a trade (go long). I am indirectly trading this by choosing to short the USD over CAD rather than JPY.

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