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Shermenator replied Feb 12, 2009Alright All my trades are winners except my aud usd I m still in without locking break even....ll the other trdes have taken profits and stop at brek even....will show pictures in a moment
No Brainer Trades
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Shermenator replied Feb 12, 2009Well if the market reverses like that it means that many buy stop are above and makret makers are still trying to fill in their remainder parts of their postions so I will do what they do and then hit the buy stop and then flip and hit the sell ...
james16 Chart Thread
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Shermenator replied Feb 12, 2009EURGBP — EURGPB Remainder of postion was taken out at break even I will sell it again if it goes up..once what matters is winning image
No Brainer Trades
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Shermenator replied Feb 12, 2009EURGBP — Remainder of postion was taken out at break even I will sell it again if it goes up..once again what matters is winning image
james16 Chart Thread
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Shermenator replied Feb 12, 2009look at the last 12 hours and look at how the market would srop to simply hit stop loss and shake the buyers of the wrong side of the boat as well as the fact the more price drops the more it becomes a bargain for a buyer....also look at the ...
james16 Chart Thread
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Shermenator replied Feb 12, 2009EURJPY — Here is one of my current trades as well currently down a bitt but look at the structure as well as the rythem on the daily as well as the long wicks in about the past 12 hours...its saying a story .... image
james16 Chart Thread
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Shermenator replied Feb 12, 2009USDJPY — I have now taken profits in the usdjpy now it can collapse against me if it reverses....let the winners run and dont let winners turn into losers...stop is t break even on the remainder image
james16 Chart Thread
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Shermenator replied Feb 12, 2009AUDJPY here is one of my other current long... image
james16 Chart Thread
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Shermenator replied Feb 12, 2009I changed the server on tht metatrder to use itradefx
james16 Chart Thread
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Shermenator replied Feb 12, 2009USDJPY — Will take profits s price crawls up to resistance but already securing about 10 pips... image
No Brainer Trades
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Shermenator replied Feb 12, 2009USDJPY — Now climbing my way will look to take profits at 9074 and let the rest run.... look at the wicks prior to the candles high I took and you can see what the market is trying to do ... image
james16 Chart Thread
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Shermenator replied Feb 12, 2009Well I use Ny candle closes and the broker I use is itradefx .... and the indi is called candle file
james16 Chart Thread
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Shermenator replied Feb 12, 2009By doing this both you will understand what the A trades are and taking the correct setups
james16 Chart Thread
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Shermenator replied Feb 12, 2009Also you dont whant to lock the market into specific candle formation only since the market does not know what the candle is ...instead trying an understand what the rythem is and what the market is trying to do...
james16 Chart Thread
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Shermenator replied Feb 12, 2009Price was going up and showing weaks in the structure in that pair thats price action as well the candle just tag along after I came in and somtimes I will add to my trade or have a new trade completly based on it...
james16 Chart Thread
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Shermenator replied Feb 12, 2009candle close.....ussually if you have been dropping in the 1 hour tons you will get an attempt at trying to pull back a bitt ...so since price is so close to support I will get out...I use marketorders mainly....
james16 Chart Thread
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Shermenator replied Feb 12, 2009EURGBP — I have now taken profits and letting the rest get hit at break even .... image
No Brainer Trades
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Shermenator replied Feb 12, 2009Took profits now letting the rest of the market do what it whants...Try to show you guys how I manage the trades and such if it bothers let me know....
james16 Chart Thread
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Shermenator replied Feb 12, 2009EURGBP — Will take profits at support...and let the rest run....always treat yourself and always let the market take you out.. image
james16 Chart Thread
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Shermenator replied Feb 12, 2009Second winner ....usdjpy break even is now locked.....reason simply because market is leaving long wicks on previous candles at the bottom....showing sellstop getting hit in smaller time frame and getting traders on the wrong side.... image
james16 Chart Thread