Cory2679

Thanks for sharing, Midk...I really appreciate the time you put into that post...I'm sure others that view this thread do, too... -Cory

I'm looking at a short like this...

Gotta say...this PA sort of resembles a bear flag...I wouldn't be opposed to a short... (Of course I still have my eye out for long opportunities...I expect price will eventually trade up to the resistance I keep talking about.) But then again, who knows what might happen...tomorrow being an FOMC day... EDIT: I could also see a 123 forming out of this (see my second image). So, if I took a short, I'd be cautious...

I've decided, beginning with this week, that if I have four unprofitable weeks in a row, I will look for a full-time job....still trading full-time, but also working full-time. I graduated college in May '09 and have been working on trading full-time ever since, but it's getting to the point that continuing to only trade full-time unprofitably is unreasonable, so that's my plan. Of course, I hope with everything in me that I have a profitable week soon (this week, ideally!), but we'll see... I was down a hair under 1R today. -Cory

Pulled it...that's it for me until Tokyo... -Cory

Update: I've moved my stop...if I get stopped out before that high is broken, I'll have an order in for a re-entry until about 2:30 PM EDT. Other than that, I'm probably done for the day....

Long filled.........

Looking to go long at the break of the blue line...

Look how that line of resistance and trendline converged so nicely. There couldn't have been a better time to go short. :crap::crap::crap: Oh well, enough focusing on the shouldawouldacoulda. MOVING ON...

Looks like I should have stuck with this plan! I can't believe there's been this huge down move and I haven't taken a penny out of it...no worse...I've lost money attempting to fade it...

The sequence was sort of tight/small to be a reversal of the move...I just thought it'd be worth a shot for a long, seeing as we were in my shaded area of prior consolidation. I set my PT fairly nearby, since I expected a pull back before a continued rally... I'll really be looking to go long once price contacts either my blue horizontal line or the uptrend line...

Pulled it for -0.65R...

Currently long EUR/USD...

Just keeping my eye out for a long sequence...I didn't feel that Friday's low was strong enough support to outright buy at that level... Also, on the 4hr chart, we've reached an area of prior consolidation (support), so I'm hoping for a nice long sequence in the near future...

We're fast approaching Friday's low on the EUR/USD... (The PriorDayOHLC indicator gets messed up on Monday's after the weekend, for some reason.)

No need to apologize. -Cory

I'd consider a long here, however I was expecting price to pull back a little furher before it resumes the rally up to the area of resistance... Also, you can see the trade from last night that I didn't take due to my drive home made it to profit target! I should have probably entered when it pulled back to entry. Oh well...shouldawouldacoulda.

Hey DugDug, I appreciate the heads up, but I'm a little confused because I'm posting spot charts... -Cory

Well, shoot! :doh::o

I'd consider a short like this, except that I have to drive home now...we'll see where price is when I get there...

Current view of the EUR/USD... Finished last week with a rally...I'd be expecting consolidation or even a pull-back in the near future. The 4 hour chart displays what I consider to be the next major area of resistance, which I expect price to rally to...possibly after consolidation/pullback, though. As a general rule, I'm hesitant to take trades on Sunday...but we'll see...

If that's what it takes, that's fine. I wasn't joking. I met a guy a little while back...a trader and CTA who's firm now manages $5+ billion. Here's an excerpt from an article about him...his dedication is an inspiration... (I didn't feel like subcribing to this news publication to view the entire article, but here's what's free...)

Thales, Like I've said, I'm going to begin posting real-time charts/analysis/trades regularly to this thread again on Monday. What I ask is for what you said in the quote above not to apply to me. I want your opinion, criticism, feedback, etc. I'm only trading demo, so don't worry about affecting my trades. I'll be soley posting/trading the EUR/USD. Thanks, Cory

Hey guys, I will be back full-time beginning this Monday! Recently, I've been all over the place...I've been very discouraged, I've been mentally whining about my lack of success so far, I took a couple days to relax/refresh, I've been researching and trying to decide what to do about a broker*, I've had a eureka moment or two, and I've even gone on a couple tangents. All that's behind me, and now my mind's focused like a laser beam. Beginning Monday, I'm going to do my absolute best and just take one day at a time. I'm not going to pause to whine, get discouraged, make excuses, etc...it's not productive. I'm not going to post my results, either (no point)...I probably won't even be posting to this log very much. All I'm going to post is real-time charts/analysis/trades to the "Reading Charts in Real Time" thread. I'm willing to do whatever it takes...I'll work 15 hours a day, sacrifice whatever I have to (friends, family, health, I don't care). I am absolutely 1,000% determined to succeed, no matter what. Cheers, Cory *I decided on Oanda...a plain old traditional forex bucket shop...if I can make it with them, I can make it with anyone...I'll be trading a $1,000 demo account.

At this time of day, at this time of week, with this type of PA, I'd probably move my stop pretty tight at this point (to about -0.4R)...