more setups — Hey Blue, I thought you scored on that gbp/usd trade, it looked like it worked perfectly. Here's a few more I'm watching. gbp/jpy - 208.86 gbp/chf - 2.1800 aud/jpy - 95.25 eur/usd - 1.4622 usd/jpy - 105.71 eur/gbp - 0.7395 I ...

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Setup — A setup is forming on Gbp/Jpy at 209.45, I'll be in at 209.35 looking for 30 pips. S/L 50 pips. Sorry this setup only gave 15 min. advance notice, easy 30 pips stress free.

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7 successful trades for the past week — Here's 7 trades that went for more than 20 pips each. There were only 7 trades that I found for the past week (mon thru thurs) trend or countertrend and a 30 pip stoploss was never close to being hit. ...

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What you're up against — If you win, they lose, and "they" don't lose. url

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Update on the above trade — In the above eur/jpy trade, the price did break below the red line to 156.68 for about 35 pips profit, then shot up over 180 pips in 3 hours. Although the trade was easily profitable, the 180 pip rally could have ...

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strategy — Hi Nate, In the eur/jpy chart above, the red line is support, so the proper placement of a sell stop (6 pips) would be BELOW the red line to be triggered as the price dropped below support at 157.06. But, two problems exist with ...

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Asleep at the switch — Thnx,Tex, I had to change the TP to 10 pips after I put the trade on, I forgot nzd/usd trades are 1/2 of the normally 20 pip TP. I missed 3 good trades on nzd/jpy, usd/jpy and usd/chf, not paying attention.

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Nzd/Usd — Next play is: Nzd/Usd long breakout level on 30 min chart is 0.7913 +6 spread = 0.7919 trigger point. 10 pip tp, 30 pip stop. Monday 1-14-08 at 10pm est.

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Nice call — Hi Tex, Nice call on usd/jpy, keep em comin. I played eur/usd at the 1.4819 level, breakout occured during London opening, went straight up 96 pips at 1.4915, I didn't set a TP and bailed out at 1.4888. Hey JohnW, Looks like I'll ...

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Hey Tex, Ok, I see your hit area on eur/usd, that was a good play. On Gbp/Usd and Gbp/Jpy there's no play at the moment. The plays on both were early friday morning. On G/U I like to see 2 hits before drawing a trend line, then a break at the 3rd ...

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Hi Tex, I'm trying to figure out this entry: "I have a sell stop at 1.4733 on the eur/usd." I don't see an S/R line at that price. How did you come up with that one? Btw- nice trading so far, keep it up. Norm

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Hi Tex, I'm in Gbp/Jpy at 213.20 a break of the trendline. Keep watching for setups, be careful on counter trend trades. Multiple hits and London opening are the best for them.

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Fri - 11-08 — Both Gbp/Usd and Gbp/Jpy broke cleanly below their breakout points for an easy 20 pips each, adding to the winning percentage of JohnW's system. Next is a break of the trendline on Gbp/Jpy, when the trendline breaks the move down ...

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Counter Trend — Hi Tex, I think counter trend trades may have to be watched closely at breakout, least thats what I'm going to do. If I find the price meandering around the breakout point i'll close the trade for a lack of momentum. Just ...

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Aud/usd Breakout — Another nice breakout just occured in aud/usd 30 min chart (check it out) I missed this one. Thur jan 10 noon est. I played eur/jpy, it broke out for only 18 pips then took a nosedive and stopped me out. The play on eur/usd ...

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eur/usd — My next candidate eur/usd I'll enter at 1.4636 for a drop of 20 pips. (hopefully lol)

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If you missed usd/jpy, watch eur/jpy, it should be next to break.

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I hope you guys played USD/JPY? Anybody?

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JW doesn't play G/J — Hi Tex, John doesn't play G/J, I'm waiting for a new low to enter in (hopefully) a 1000 or so pip drop, not just the 20 pips. You can see what I mean on the 1 hour chart.

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Usd/Jpy 1 hour chart — I'm sure many of you are aware of the resistance level on the 1 hr chart of Usd/Jpy. For those of you that are not, there's a multiple hit resistance line at 109.75. I'm watching a break of that number and will enter at ...

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