Gabe2004

Could you please eliminate the shadows from the font? It is difficult for me to see (eye problems) Bigger, non bold characters would be appreciated too. Thanks Gabe

You let a 50 pip profit turn into nothing. That is a NONO I think you should have kept something. Gabe PS. didn't see your comment in the chart. Didn't mean to beat you down. It was more for myself because I used to do things like that. (sometimes I still do)

This traded ended as a loser but by monitoring it and moving the stops down, the loss should not have been too large. The rightmost red line was also an area of a long setup. Gabe

Potential EJ Short. Gabe

Pip = full pip. The reason for the 2 pips is that I took off the PIPETTes (1/10 of a pip) from my chart so you never know how far you are really because of the fractions. You could have a low of a candle at 145.235 and one pip below should be 145.225 but the platform will show you 145.23 so better safe (and not greedy) than sorry. Also I prefer to be a little more than 1 pip away because everybody is 1 pip away. Gabe

If you read my posts from today you have noticed that my 1st trade (potential) was a short which was stopped out at BE. THe 2nd trade would have been a short as well which has hit TP1 and then the rest would have been BE +1 pip. This long trade is just what I saw on the charts based on Thales' method. The fact that it is with the overall trend is just a coincidence. I still cannot shake that FUNNY feeling that the market has travelled too much north and it is time for a reversal. I am working on it. I want to be a machine . No feeling no thinking. It is difficult. Gabe

I am not too comfortable with this trade (sim - not real) so I moved my STP up again. Worst case loss now would be 15 pips. Gabe

The Long triggered. Move my STP up to the most recent swing low. Gabe

On the Oanda platform the candles represent the mid point, at the time, between the bid and the ask. You'll see me post a chart with what they call Min/Max, which is the actual trade that took place. Once I know the Min/Max I place my STP order 2 ticks below/above that. you'll have to find out what do the candles represent. You can do that by pacing an order and zooming in on a small time frame. If you see the tip of a candle in the middle of the range between the bid and the ask than you are looking at a MID point type of chart and you'll be better off adding 1/2 the spread to your stop entry to compensate. If you see that the tip of the candle follows the bid/ask than you do what I suggested as the first option. Gabe

Added a potential Short. Gabe

Potential Long EJ. Gabe

SL was hit @ BE+1 on the other 2/3 of the trade. Just to be clear, I did not take this trade. Gabe

Asuming the trade would have been re-armed TP1 was going to be hit and also the point at which I would move the SL to BE has been reached. I moved the point where the BE should have been activated away from the TP1 by the spread +1 to avoid the possibility of hitting the BE move point while missing the TP1 as occured earlier. Gabe

Based on the 1min chart, the trade would have been entered, STP would have been moved to BE but TP1 was probably not hit so the trade would have been a scratch. Gabe

Potential EJ short. Gabe

I am not too happy with myself today. I saw this trade about 20 minutes after the breakout and I told myself that if it comes back to the breakout point I'll get in. For some reason I was not paying attention and next i looked I saw that I missed the opportunity. I am writing this just to re-enforce the fact that opportunities can come any time and we have to be fully committed and alert. Gabe

Isn't this beautiful. Now how do we make $ with it? Gabe

Hopefully this answers the question while Thales is away. Gabe

We'll hold the fort while you are recovering. Get well soon. Gabe

The same level triggered again so if this would be real, I would be in a trade. If STP would be hit, O would not take another trade until we clear this area. Gabe STP hit.

Haven't notice but it looks like my entry would have been hit and if so this trade would be a loser because the STP was hit also. The chart that you see is called a Min/Max chart and it shows the levels where actual trades were executed. Candle charts show the mid point between the bid and the ask. Atleast on the Oanda platform. Nevertheless, I would restart the potential trade setup. Gabe

2nd potential long EJ. Still not an ideal situation. Gabe

Potential EJ Long. Actually a better entry would be off the 1H at the level which is marked on the 15min chart as the move SL to BE. Gabe

Stop hit. This would be an example of a failed trade. Gabe

Not comfortable with the short. Moved the SL down. Gabe PS I am not in this trade.