wasp

RE: topic of the month That's plagiarism you know Firewalker! Thought we left that on that other board!!!

Closed for +21 Long GJ @ 210.90

ahhh well, looks like up is the new down... Just hope it can do that with some vengeance!

Cool, me too, but must say I was hoping for a bit more enthusiasm in the drop and will be going long soon at this rate. :\

Post them if you like... Personally, I'm not doing this to show off or prove anything so whether a trade is believed or not (due to not being live) is irrelevant to me, I'd rather the thread focused on the why and where and how etc and discuss the reasoning's behind everyone's trades.

I found this post on "Re: Edge VS Mentality" interesting and have nominated it accordingly for "Topic Of The Month August, 2008"

Varies from 0 to 15 depending on conditions. That's with http://www.capitalforexpro.com/about.php... Alpari is 7 I think... What does IB offer?

That's the great thing about WHC... Moneyrain I used before for the same reasons but their data was extremely unreliable. I was using 'forexstar' who are based in Oz, NZ and HK and they print the 240m an hour earlier but prefer alpari. All that said, even netdania are good... With FX, there is no one exact price so anything close too is fine.

I have people on the inside firewalker. I know just how many rep points ahead I am. I also know you have been checking on the list. Give it up! :haha:

I use alpari as my main one as I have an account with them so I don't need to worry about downtime and (too) dodgy prices! I don't do my main tradnig with them. Do you have a preference then? I find they are all much the same, the key is a live account as they never lose connection.

I won't be taking it yet. I'll wait for the the US first and always try to limit my trades to the 240m chart too to avoid over trading. I'll wait till later to see how it pans out personally.

Same as you, cable went to pot so I ditched it and it only really came back the last couple of months but finding GJ so much easier to read and trade now. Euro should have been the sensible choice in theory but never like it much. Firewalker has got me interested in YM too now but still concentrating on GJ as the size and readability is that much easier IMO.

I don't look for action around them specifically but I do find my S/R areas do coincide highly with the round numbers. Are you still trading FX or just the YM now?

I see resistance at 211.40 area and as it has now rejected said level twice this morning, I expect a re-test of 210.70 at least, if not the break and close below.

Closed for +40 Short GJ @ 211.25

That would have been one of those beautiful days to trade. Nice and simple from the word go and I would have said there was no reason to exit till the close, but hindsight is 20/20.

Well, well, fancy that! Discipline DID work out best after we dropped but retraced 150 overnight! Still, that break of the trendline makes me think the pound may have some downside due against the yen. (obviously just musings, not trading because of said line).

Nope what you see I see.

Long GJ @ 210.90 (order) (filled)

Well... discipline (wait for 2nd candle of the week stat% better) can bite you on the arse too! I knew the break of the daily trend line would trigger this as pointed out last week...! Who says being disciplined to a strict plan is a good idea!? 150 pips in opening 2hours :doh:

I have no idea. I always skip the opening candle then I am in for the week, regardless of time of day. Don't pay time much mind personally.

Its been a quiet relaxing one. My plans got scuppered by bad weather but all good otherwise. Those red crosses are those damn losing trade things where price indicates a reversal but everyone keeps on selling/buying. Inevitably sad but unavoidable.

Mornin' all, Few additions and changes and lines updated. Here is my outlook for the week ahead and levels I will be watching. A couple more lines to adapt to all levels played important parts in the last few weeks. Also a template for those curious in a bigger picture. Sunday and the sun is shining so I am out of here... Catch you all tomorrow. levels.tpl

Confidence only comes through successful practise. To be 100% confident in the unknown is impossible and daft so as the saying goes, practise makes perfect.............. As for targets, I don't have them either, as known, my exits are reason to enter and thus, if you think the market will be reversing, whilst you may not want to reverse, if it met your criteria for an entry, ergo, it's a good exit point. Good trading

Thanks Myrtle :embarassed: End of the day IMO, if you are trading based on traders actions (be it S/R, or strength/weakness, fibs etc... - which incidentally Gammajammer said ALOT of bank traders do watch), then you are onto a winner. You know, the hulls were only a trendline replacement strat so I could automate and in trending markets its fine, but as it is impossible to know when the market is trending, they are only worthwhile half the time. One thing I would say these day is I do not use one 'book cliche'. I know it sounds petty but you have to throw all you learn out of your mind I think to truly be trading the markets. Forget 'trending, range or chop', the market just is. Forget the Japanese names for a candlestick and read between the lines as others are watching different timeframes and from different chart providers so look for weakness and strength, not something that fits into a books classification. I'm sure there is a Bruce Lee/Buddhist quote applicable here but its too early to remember it but I think you all get my point! Just my 2c