At this point in time... — Got out of most of my yen trades due to whipsawing, currently up around 200 pips in short USD/CHF and GBP/CHF. Here's a snapshot of my trade station.. Let me know if this is good for me to do this or if I'm just ...

Peaks and Valleys (Trading Naked)

eek — Oh brother, I knew this day was coming.... but from you, melpheos? To each his own...

Peaks and Valleys (Trading Naked)

Rules — Xder, This is the last time I'm talking about the rules. One of the reasons I've been hesitant to answer your questions is because the answer to your question has been repeated throughout the forum. The answer is there is no answer. ...

Peaks and Valleys (Trading Naked)

AMEN

Peaks and Valleys (Trading Naked)

An idea... — Hey guys, I had a chance to briefly study my charts this weekend in order to really address the concerns about maybe filtering out some of the bad trades. Ultimately, I came up with an idea of using Heiken Ashi candles instead of ...

Peaks and Valleys (Trading Naked)

Consolidating Markets — Thexder, I appreciate your enthusiasm, and I am liking that you are thinking, as this is what I want people to do here: use their brains. I'm a little confused because I look at charts in the past and all I see are ...

Peaks and Valleys (Trading Naked)

Re: PAIRS — DivePIPS, Pairs are always moving, trending, and consolidating. It took me definitely well into my second year of trading to realize that each year is different, and pairs can and will change with each new year as far as ...

Peaks and Valleys (Trading Naked)

Chicken Soup for the Trader's Soul — Hmm.. lots of good posts guys! Thexder, Swingtrade65 is seriously driving the main point home here. If you do not know it already, he is pouring his wisdom all over you my friend. I will try to expand on ...

Peaks and Valleys (Trading Naked)

1/16/08 Update — Well then, some big moves happened today and I lost a lot of positions I was carrying, especially in GBP/CHF and USD/CHF. Overall, I netted roughly 10% not counting current holdings. This is just an example of how if you go ...

Peaks and Valleys (Trading Naked)

Hey xder, My opinion for what it's worth is that you should use peaks and valleys on the daily and pyramid your positions with the whatever your position is on the daily(long or short) based on the 4-hour( or 3-hour) charts. When a peak is broken on ...

Peaks and Valleys (Trading Naked)

1/15/08 Update — Well, today started out shaky, but ended up pretty good. Here are my trades below. If my math is good, I'm up around 2100 pips which is doing nice things to my account balance. Let's just say the pound, franc, and yen have ...

Peaks and Valleys (Trading Naked)

Money Management by Swingtrade65 — Attached to this post is a document written by Swingtrade65 that he sent to me a while back. A lot of it agreed with my own trading plan, but also it shared some invaluable insights I hadn't thought of. This ...

Peaks and Valleys (Trading Naked)

Hey Jared, Are you trading off of the 1-hour chart or higher? The 50 pip S/L was what I felt would be good for most pairs. GBP/JPY is usually an exclusion because this pair is a beast. If you want to trade GBP/JPY you must realize that it can go 150 ...

Peaks and Valleys (Trading Naked)

Cool Spreadsheet! — Swingtrade65, This spreadsheet is perfect. This is exactly what should go through everybody's mind, nothing more. What is the trend for my timeframe? Where is my entrance? Do I want to enter? Great way of depicting all the ...

Peaks and Valleys (Trading Naked)

Sharing Orders — Sharing orders sounds like a good idea. A little more liveliness around here is always good. Let's try and include charts then shall we? Closest order set for me is Short GBP/JPY ~ 90 pips away.

Peaks and Valleys (Trading Naked)

Hey Jeff, My SMA(1) is set to close. You can definitely hold positions more than 100-150 pips because it will be worth it. Also, if you truly plan to trade off of 3-hour charts or higher, it is a must to aim for big pips IMO. Best of luck, Kevin

Peaks and Valleys (Trading Naked)

Update on 1/14/08 — Today was a good day for my current holdings. If there's a pair that's clearly giving you pips, why not put more in it? At any rate, here's my GBP/CHF graph (Currently holding 4 positions), and I'm up 1300 pips or about 40% ...

Peaks and Valleys (Trading Naked)

Two Responses — Hey raczekfx, Are those EUR/USD trades real? If so, nice work man! If not, thanks for the example! Keep up the good work, Kevin Hey Bernhard, Thanks so much for your very nice post here sharing your insights to forex. I have ...

Peaks and Valleys (Trading Naked)

Kind of and not really I've changed a few things around. I start school this week, so I will be super busy along with work and I am more inclined to trade off of the daily chart. So here's my current plan: Peaks and Valleys on 1 Day chart Once ...

Peaks and Valleys (Trading Naked)

Good Start — Hey guys, Hope everyone had a good weekend! Forex just got done pippin' my ride as I woke up this morning, and I'm currently up a little over 1k pips.. Anyone else banking, too?

Peaks and Valleys (Trading Naked)