Mysticforex

uh... I fell asleep... 800 SMA ( TP ) hit! Looks like Daily Pivot going to hit.

MMS is right. In the US capital gains is tax 20%. The $20 commission is a business expense.

Gaps can be classified into 4 groups. Breakaway Exhaustion Common Continuation Here is a thorough explanation: Playing The Gap

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We had a Forex Trading contest here on TL about a year ago. It didn't seem to generate much interest so it was not continued. fs. ???

As I was typing we had a close above the 1 min TL. Looking for 40 pips... S/L a new low.

Still no pop to the upside... so her is a TL on the 1 min. We went down thru S3 today. so TP would be The Daily Pivot @12257 or, play it safe and go for the 800 SMA on the 1 min, 40 pips above but not visable on the chart. Better to play it safe. Remember, Greed Kills.

Last but not least, if you prefer to use fibos. . .

This next chart is the 15M. I have drawn a TL on this as well. Notice on the left side that the 15M starts on a point of the 4 Hour. The 4 Hour runs along the top, almost parallel to the 800 SMA ( black dashed line ). If you noticed my "Radar Screen", you will see that price has been away from the 800 SMA for 2231 candles. Way oversold. Also, not visible on the chart, above the 800,This week's Pivot. ( over time I have found that the GBP like's to hit it's pivots ). We have 3 strong targets should we have a close above the TL on the 15M.

I am starting this thread to talk about GBP/JPY aka The Orient Express. Currently trading @12305. . . It's starting to look like a bargain. Of course it could go lower, but let's start watching it now and see what happens. The first chart is the 4 Hour. I have drawn a preliminary TL.

I didn't forget, I intentionally didn't include it to see if there was anyone as sharp as you to point it out.

According to The Daily Mail, these are supposed to be the best jokes in the UK. A man goes to the doctor and says: 'Doctor, there's a piece of lettuce sticking out of my bottom.' The doctor asks him to drop his trousers and examines him. The man asks: 'Is it serious, doctor?' and the doctor replies: 'I'm sorry to tell you, but this is just the tip of the iceberg. A man left for work one Friday afternoon. Instead of going home, he stayed out the entire weekend hunting with the boys and spending all his wages. When he finally got home on Sunday night, he was confronted by his very angry wife. After two hours, she stopped nagging and said: 'How would you like it if you didn't see me for two or three days?' He replied: 'That would be fine with me.' Monday went by and he didn't see his wife. Tuesday and Wednesday came and went with the same results. Thursday, the swelling went down just enough for him to see her a little out of the corner of his left eye. A duck walks into a post office and asks the man behind the counter: 'Do you have any corn?' The man answers politely: 'No, we don't have any corn here.' The next day, the duck enters again and asks: 'Do you have any corn?' Annoyed, the man answers: 'No! We don't have any corn.' This goes on for a couple of days until finally, when the duck asks 'Do you have any corn?', the man gets so upset he yells: 'NO! For the last time we don't have any corn, and if you ask again I'll nail your beak to the counter!' The next day, the duck returns and asks: 'Do you have any nails?' The man answers: 'No.' Then the duck asks: 'Do you have any corn?'

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Didn't see any opportunities today. Shortened trading week due to US holiday, coupled with NFP on Friday could produce a weird week.

One thing can be said about the Greeks. They never leave their friends behind. A Greek man, an Albanian man, a Swedish girl and an old Italian woman are traveling on a train that has just entered a dark tunnel. Suddenly they hear a loud slap, and when the train emerges, the Albanian man has a red hand print on his cheek. He must have groped the Swedish girl, and she slapped him, the Italian woman thinks. He tried to grope me but fondled the old lady instead, and she slapped him, the Swedish girl decides. The Greek guy must have groped the blonde, and she slapped me by accident, the Albanian determines. I can't wait for another tunnel, the Greek man thinks, so I can smack that Albanian again!

A couple of New Jersey hunters are out in the woods when one of them falls to the ground. He doesn't seem to be breathing, his eyes are rolled back in his head. The other guy whips out his cell phone and calls the emergency services. He gasps to the operator: “My friend is dead! What can I do?” The operator, in a calm soothing voice says: “Just take it easy. I can help. First, let's make sure he's dead.” There is a silence, then a shot is heard. The guy's voice comes back on the line. He says: “OK, now what?“

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That's a Lovely thought !

Good thing I didn't take the trade :crap:

If the World is going to Hell in a Hand Basket around you, sometimes it's not your fault if you emotional scale is a little out of kilter. "Lawrence of Arabia, British Beatlemania, Ole Miss, John Glenn, Liston beats Patterson, Pope Paul, Malcolm X, British politician sex, JFK, blown away, what else do I have to say? Begin, Reagan, Palestine, terror on the airline, Ayatollah's in Iran, Russians in Afghanistan, Wheel of Fortune", Sally Ride, heavy metal suicide, Foreign debts, homeless vets, AIDS, crack, Bernie Goetz, Hypodermics on the shores, China's under martial law, Rock and roller cola wars, I can't take it anymore'.

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As I was typing and posting the above, we are testing the lower TL, In which case all bets are off.

Easy for you to say... Here's what I see happening ATM with GBP/USD On the 15M chart price has been away from the 800 SMA( black dashed line ) more than 3 standard deviations ( 1914 candles ). We are in a just barely ascending channel. The 62 EMA ( Red ) is between the 200 SMA ( blue ) and the 800 SMA. That in and of itself is not a signal to enter a trade, but is a condition that must exist for me to concider entering a trade. A a close above the upper TL I would enter long with a TP @ the 800 SMA ( approx 141 pips away.

You gotta love it. The target was the 800 SMA, the black dashed line.

I don't keep records that detailed. I record all my trades in a notebook. The trading platform has the time I entered a trade. If I can't remember why I entered a trade I check the time then the chart. Then it is usually clear to me why I entered. The method shown here probably represents about 5% of my trading over the years, with a win rate of about 63-64%. I am primarily a counter trend trader, but the method I use for that while not complex is a little more detailed. I will continue to post setups using "Simple Trend Trade" as long as there is demand, but none today. I am getting an early start to a long holiday weekend. Back for Tuesday London. I will also see what I can come up with for a simple counter trend trade and start a new thread. I have also been meaning to start a thread for trading a range bound, ascending or descending channel using trend lines. Have a good weekend. I will continue to post setups