Week 2 Summary — Week equity +/-: -2.67% Total equity +/-: -1.32% Opening balance: $3000 Opening balance this week: $3041.69 Closing balance: $2960.53 Note: percent +/- calculated as: (1 - (Closing Bal / Opening Bal)) * 100

Josh's Journal (JoshDance)

Would you mind explaining your clarity by Public Message as well? :-)

james16 Chart Thread

Well, the first trade got stopped out for a 35 pip profit by 2 pips, then went south for another 50 before my other order got triggered. So, had that stop been better placed (a few pips above the 00 level), then I would have been holding on to 120 ...

james16 Chart Thread

Trade 018 — USDCAD Sell Stop @ 1.0540 | SL 1.0580 Rationale: Break below pivot zone. I'm still in my previous CAD short trade, and have locked in about 30 pips. If this SL is hit, and price goes south again, I'll get back in there. Also, this ...

Josh's Journal (JoshDance)

Usdcad Beob — USDCAD BEOB daily. Man, my TP keeps getting poked at but missed by 3 pips this last time. Daily BEOB, so I may just optimistically move the TP down some more. Or not :-)

james16 Chart Thread

On playing monthly trades — Here's a consideration I just had... So, it looks like there are a few good monthly trade possibilities. It would seem to me that a minimal SL would be idea. A monthly pinbar I just saw spanned 800 pips, so this ...

james16 Chart Thread

That will be one hell of a large SL .. hehe... For my 2% risk profile, that should equate to about 0.1 lots traded But ya gotta start somewhere I guess.. Just noticed the USDCAD monthly PB too... it would seem that monthly PBs are probably ...

james16 Chart Thread

Ah wow, I had not noticed the monthly pinbar. Yikes. Are you planning on going short on a significant break of this? I would hesitate to go long above the 2BH, if it's going to be just a short move up. Hmmmm, decisions, decisions... EDIT: btw mike, ...

james16 Chart Thread

Dave, great post. I'll have to check out this book you mention. Great signature by the way, it made me literally LOL. :-)

Intimidated by the Charts

audusd 2BH — Any thoughts on this 2BH on AUDUSD? Seems like a good place to place a buy stop.

james16 Chart Thread

Yes, I did hold onto it, and I'm now 40-something pips in profit, and my TP level got missed by 3 pips (frustrating, but whatever). The SL:TP ratio was about 1:1, and while it's temping to close now, I have GOT to learn to not think that way, as ...

james16 Chart Thread

I agree that a good system is important, as you must be able to consistently make good trades. But, even the best systems, and the best traders, have bad trades, and can have several of them in a row. That's why drawdown is so important, and why ...

MB Trading Futures - Introduction

David (hanover), I second your remarks and say thanks for the great post. fatdragon, the sooner you read "Trading In The Zone" by Mark Douglas, the easier your life will be. Honestly. I read all 200 pages in one day, and it was the only book I've ...

Intimidated by the Charts

Coulda woulda shoulda... — Just a quick note to myself for reading down the road when I come back to this journal (and others now who wish to read it)... Missed two at least initially profitible trades tonight.. usdjpy short, break below ...

Josh's Journal (JoshDance)

Not at all David... interrupt with good thoughts any time you wish! :-)

Josh's Journal (JoshDance)

Trade 017 — GBPCHF Sell Stop @ 2.4280 | SL 2.4340 Rationale: Big PPZ level, and yesterday's daily bar was a decent pinbar, indicating selling pressure. A break below this level would be significant. Update: stopped out for full loss

Josh's Journal (JoshDance)

Trade 016 — EURUSD Buy Stop @ 1.3735 | SL 1.3685 | TP 1.3840 Rationale: While this pair is currently in a correctional phase, the last two daily bars hit an upper R at 1.3726 or so (a 2BH). A break through this could indicate a strong move up. ...

Josh's Journal (JoshDance)

I've been in the forex world all of 4-5 months. I've only started my first REAL demo a week or two ago though (logging everything on FF, screenshots, journal, making it as real as possible). The problem with starting an account with only $5K USD is ...

MB Trading Futures - Introduction

Wow, nice charts. I only check monthly charts... well... once a month, so I haven't noticed that one yet! :-)

Josh's Journal (JoshDance)

Well, I'm not going live until next spring when I can fund my account with 40K or so, so hopefully Omega will have come out by then, gotten rave reviews, fixed all their crap, and EFX is the only logical broker to go with. That's my hope :-) But in ...

MB Trading Futures - Introduction