fxThunder

Hi Everyone, Whilst reviewing this thread again (there will always be nuggets of wisdom which was missed the 1st time around), i found this post particularly interesting and therefore decided to post this reference to it. Cheers, eNQ

Hi Rigel, Liquidity on the NQ is fine. I have however moved from the emini's to forex as I find forex vastly superior to trade. Cheers, eNQ

Hi Rigel, I trade the 6b using the Cash GBPUSD chart - it is about $6 per tick. The attached chart will illustrate how I determined the target. It is purely a previous support / resistance area. Cheers

Hi Thales, You mentioned in a post in late Dec that you may trade a $250 account - boom or bust. Do you still intend to do this? Cheers, eNQ

Update on earlier GU long: target reached. Cheers, eNQ

Long GU at the breakout line Cheers, eNQ

Hi Thales, I also decided to give this trade a miss. Will wait for better opportunities tomorrow. Cheers, eNQ

This GU long setup is tempting me. Nice cup and handle formation as well, at good support area. Will probably take this and shoot for bigger targets. Cheers, eNQ

Also had 2 small losers on the GU and no trades in the regular session. Eyeing the consolidation boundaries on GU here - might consider bracketing them for entries. I do not feel particularly motivated to pursue that though. Cheers, eNQ

Hi Kiwi, I saw a 123 develop on a lower timeframe at a big support level, hence I was ready to get long then. The setup was similar to the posts by Thales just after yours - it did not work but I am certainly only considering longs here currently. Cheers, eNQ EDIT: Just saw the post by Thales now = thanks for your input guys, really appreciate it - that is the reason I am prepared to call the setups out here when I can.

GU - long setup again. Cheers, eNQ

Long setup on GU. Cheers, eNQ Update: LL on GU, long setup invalidated

Stopped at breakeven on the last GU long.

GU long setup, entry triggered.

Looking at a potential GU long setup. This setup might be a bit agressive - Thales, would you consider this an appropriate setup? Cheers, eNQ

Not surprisingly I got stopped out on the EU short - think I managed to overstay my welcome on this trade.

stop moved on my EU short - certainly a marathon hold

GU short - target reached

EU short entry triggered

EU also has a short setup.

Update on GU short: Stop moved to be now.

Stalking this short on GU.

Hi Thales, Thanks for your comments. I am certainly not emotionally beatup or discouraged by 2 trading mistakes. The mistakes were made because I did not do my daily prep to check for S/R etc - (my excuse for this is that I have a kidney infection and am not feeling well at all .) I am currently focussing on 3 pairs only GBPUSD, EURUSD and USDJPY, I mainly trade the GU. I am going to take all your other suggestions to heart and will certainly create a cheat sheet as well - would have saved me from today's mistakes.. Again, I really appreciate your encouragement and support to all of us in this thread! Cheers, eNQ

Stopped on the GU long - also tried to go long into R. Second mistake for the day. Two strikes and I am out - will return to trading tomorrow.... Cheers, eNQ

I am also in this trade - not feeling well today so will probably keep a low profile.. What has happened to all the other contributors? They surely can't all still be on holiday...