And as if by magic my 3666 has been touched and I'm now long at a small profit. Target ~3800. Trailing ST 50. Lost 35 pips from 720... being an impatient idiot!

KissFan's Trading Journal

If I ask myself the question, "what went wrong", I can tell you I was impatient and tried to get in early 'just in case the long went without me' when in reality I expected a retrace to 660 but brushed it to the back of my mind. Patience!

KissFan's Trading Journal

I had a daily (and weekly I think) at just above 700 so placed a limit order long, I knew it'd get hit whilst I was sleeping last night, half expected it to retrace 666 and it did - shame I didn't go with my instinct hey! I use tight stops (~30-40) ...

KissFan's Trading Journal

Entered EURUSD at 720 long and got stopped out. I should have waited fro the lower 660 level.

KissFan's Trading Journal

If you stick to daily charts you should have no problem keeping up with 5-10 pairs, or just stick with the major 3 or 4 to start with. Anything sub 1hr is very subjective so avoid until you're comfortable, to be honest I only really look at 30 ...

KissFan's Trading Journal

Fair enough.

james16 Chart Thread

I was looking at the USDCHF and I don't see why you couldn't put a limit on that just above the BRN, you only need a small stop to confirm 25-30 pips. Target the daily PPZ ~650.

james16 Chart Thread

I'm based in the UK (8hrs ahead of PST) so typically trade late London session and US session. I personally watch 10 pairs (I believe Kiss uses a similar amount) and in addition 4 commodities, Gold, Brent, Copper and Silver. No to tread on Kiss's ...

KissFan's Trading Journal

I tried IG back in the day and noticed quite a bit of shift in their prices compared to ECN feeds, naughty, but again they cover themselves in the small print! Scary. I typically use a 30-40 pip stop anyway but I'd still avoid a spread bet!

james16 Chart Thread

Would reading and referencing the Al Brooks book "Reading Price Charts Bar By Bar" compliment the tuition and practices in this thread?

james16 Chart Thread

I guess you could class it more of a scalp, I'm at +10 so might just move stop to BE to be safe. My main concern is 729, quite a few bounces on the 30m from here.

KissFan's Trading Journal

61.8 Fib (recent low of ~630 to high 820) and daily SR cross perfectly at 3700 - possible target for short or long from there? Limit set short 750, stop trailing 30, tp 700.

KissFan's Trading Journal

A bit like a manual trailing stop then, unfortunately I work during the day so I have to have a hard stop or auto-trailing (a bit hit and miss), I like the idea of moving under the hourly so following the trend.

james16 Chart Thread

ZERO tax on spread betting is nice but I just don't trust the operators, they're charts seem suspect and massaged, in fact check the T's and C's of most spread betting firms and they'll admit, in very small print, to manipulation of price!

james16 Chart Thread

What's your TP Mike? How close are you keeping your stop to price?

james16 Chart Thread

Nice! I need to start taking/following some of your trades!

KissFan's Trading Journal

Which can't happen with reading PA because PA will always exist, it 'is' the market. Agree/disagree?

james16 Chart Thread

Thanks neutro, I did actually think you guys meant 'pivot points'! Thankfully I can ignore those then, never used them, I already draw a 'zone' around turning points on my daily. Just need to get used to the lingo on this thread, it took me several ...

james16 Chart Thread

How are you guys calculating PPZ because my platform (GFT UK - Dealbook 360) doesn't automatically do it?

james16 Chart Thread

No that's cool thanks for your reply, I like your Fib technique, I might start incorporating it in to my trading and let you know how I get on.

KissFan's Trading Journal