The Scariest Trading Experience of My Life — Today, while looking for a good place to enter around 1.5700 (the trade outlined above) I had the scariest trading experience of my life. I decided to enter with a market order because I was fine ...

Static's Place

OK, This is a new approach for me but I think it is well reasoned, and I am comfortable with it. Trade # 7 - Bought at 1.5695 with a 50 pip TSL The reasoning for the trade: 1. We are back near the 4 hour trendline which price has not broken yet. ...

Static's Place

Also — I am now wishing that I would have bought back in at 1.5600. Hindsight is 20/20 I suppose. But my belief that the market is correcting has been influencing my ability to pull the trigger with the long term trend. I can't decide if this ...

Static's Place

Actually I was referring to your reasoning behind a bearish outlook a couple post back in your journal when you said: " 2. Since breaking the trendline at 1.4900, we have not come back to confirm that break." I'm assuming you meant the descending ...

Static's Place

Correction coming? — Well, it looks as thought the Euro is having a very difficult time getting/staying above 1.5750. Price looks confused. I favour a break to the downside. I believe we will see 1.5600 and lower before seeing 1.5900 again. ...

Static's Place

The Tally — Ok, so far.... Trades Taken: 6 Winners: 3 Losers: 3 P/L: +197 Thoughts: 50% win percentage.... hopefully that number is on the way up. Gave a lot back on trade #6, that is always annoying, but what else can you do?

Static's Place

4 HR close — It looks to me that price has just definitively broken the 4HR trendline on my chart. I will wait for a close below and subsequent rally back to the 4HR trendline. Once the line has rejected this rally, down it should come. US ...

Static's Place

Interesting. I would say either the Euro turns around here or it breaks the 4HR trendline today. We will see what happens in London session. The chart shows some interesting confluence. Two 50% retraces and an area of minor support. Should be an ...

Static's Place

It seems like what you're doing is averaging down. In this case it worked for you but it is a dangerous way to trade. At least most traders will tell you that. Actually, I suppose it would only be averaging down if you kept your initial position... ...

zoopy's trading journal

Not really my place to respond to this so I'll try to keep it brief. Johnathan, If you were following Jacko's method and bought at 1.5600 as you have indicated in your attached document, your Trailing Stop Loss (trailed pip by pip) should have taken ...

zoopy's trading journal

Bend The Rules — Ok, I am about to bend the rules. I am not afraid to admit that I have been influenced by the opinions of others on this call. Based on the commonly held belief that the market will correct for a while (week or two), or that ...

Static's Place

Update: Trade #6 -- Stop is now set to break-even. The market has risen to 1.5675 and stop is currently @ 1.5575 (B/E) I am pessimistic about this trade, still looks heavy. That spike to 1.5675 was rejected pretty quickly. Could be more downside to ...

Static's Place

Question — Sit on your hands until it reaches the required 50 pips past your stop-loss. To do otherwise would be a direct violation of the rules. If the trend does resume without ever allowing you to set an AH then just forget about it and ...

Jacko's Forex House of Pleasure and Pain

There was the spike. Pretty sure the uptrend will continue, especially if we lose the 1.5625 area. Some people seem to be getting long. 1.5550 would have been a great entry. I was a little impatient. The market came to within 11 pips of taking my ...

Static's Place

Hey Hendrix, Just wondering why you waited for 1.5550? Looks like you got a very good price if this continues. I got a good price, but not THAT good. Nice entry. Static

Jacko's Forex House of Pleasure and Pain

Long — Market came pretty close to taking me out. I was expecting another violent spike down IF the uptrend was to continue around 1.5600 but jeesh. That nearly burned me. In my opinion we still need to take out 1.5625 - 1.5630 before the ...

Jacko's Forex House of Pleasure and Pain

Trade #6 — Trade #6 - Stop moved to 1.5522 (53 pips risk) From the one hour, the market seems to be rolling over to the upside. Should be an interesting day. I would have liked to see the market touch the rising 4Hr trendline, but oh well, my ...

Static's Place

Trade #6 — Trade #6 - Stop Updated to 1.5521 (54 pips @ risk) Looks like we may be moving sideways through the hourly descending trendline. I am expecting this trade to at least make it to break even, but I'm just the guy who pulls the ...

Static's Place

Pinbar?? — Would LOVE to see a 4hr pin form here.

Static's Place

Looong — Trade # 6 - I am long from 1.5575 with a 100 pip TSL Aggressive trade. Yes. I am catching a falling knife. Worth the risk.. we'll see. Stop is already updated to 1.4490. (85 pips at risk) Reasons: I have been eyeing 1.5600 for a ...

Static's Place