What was your trade yesterday on EUR.JPY? I had a short for a good gain. Can you share your chart? Thanks, kulu

Silent Service Method

Yep, I read the thread. Thanks

Pro Swing Trading

And what about your targets? Do you aim for at least `:2 risk-reward then?

Pro Swing Trading

I didn't say I am going to enter at 133.50. The 133.50 is the top side of my supply zone. Again, watching PA in the zone to see if I get a good PA to enter short. The entry will be closer to 133.00 than 133.50. Where is your stop going to be?

Pro Swing Trading

I am not in this trade yet, but my stop will be 133.90 for at least 1:3 r/r. And I understand why you would have 133.50-134.00. It's so that your stop will be beyond the round number. Again all this depends on price action when we finally get to the ...

Pro Swing Trading

EUR.JPY — I have a short at 133.50-133.80 range. See chart below. My profit targets will be around 132.103 level What do you think?

Pro Swing Trading

Actually, we did get a BEOB on the H4. I didn't take it because it happened at 4:00 am EST. You could have played a supply level touch on a retest. I mean 1.05 is an obvious supply level to everyone, and hence the move down. Happy holidays Kulu

Silent Service Method

Well said Jason. If I could add my 2 cents. I have also had an extensive convo with Chris about exits. When I started trading, I thought I was just going to be able to hold my trades for as long as possible. However, I was just getting knocked out ...

Silent Service Method

USD.JPY — I just took profit at the current price level on this because I am concerned about that supply (resistance) zone where price is trading. We might see a breakout through that zone, but in this low volume environment, I am not taking ...

Silent Service Method

I totally agree Chris. I am watching the 1000 level as well. As you can see from Clocks chart (showing 1000 as a solid demand zone), there is probably a lot going on at that level. Here's what supply (resistance) and demand (support) theory says ...

Silent Service Method

Thanks, I will figure it out. I usually just use PA for my entries.

Pro Swing Trading

I am sorry to beat up on this point, but what do you mean "hold a line?" The chart you showed me, those candles did hold a line. They formed a demand zone and hence my previous question about the lower part of the demand zone in relation to the ...

Pro Swing Trading

so your entry then would be the break below the lower level of the demand zone (demand zone made by the 4 candles - 2 to the left of the candle that formed the high and the 1 to the right of the candle that formed the high). Is that correct? Thanks ...

Pro Swing Trading

FxA Thanks for your responses. Again, thanks for a very informative thread. One question. Somewhere on your thread you mentioned that for your entries, "wait for 2-3 resist candles on the M15 that hold a line." Could you please elaborate on this? ...

Pro Swing Trading

Fx Futures — I also trade the Fx Futures (Euro and Pound only). Do you trade those based on the spot charts or do you base those trades on the Fx futures charts? Someone kinda suggested that I use my spot charts for S/R for my fx futures ...

Pro Swing Trading

FxA What pair do you trade? Do you only trade the big 8 plus the G/J, and E/J? I haven't seen any other signals besides those major 8 pairs mostly. Thanks and good job on the trades by the way. Very helpful and insightful. Kulu

Pro Swing Trading

I am sure you got your wish on this one. It's dying, I think. We could see 1.6000 soon. The Brits and most of Europe has problems (credit) in their markets that I think is getting exposed. I hope you got some of that overnight drop in both the Euro ...

Silent Service Method

Echoing my last post, mathematically scaling out is not an optimum strategy. It's a "feel good" solution. It makes you feel good that you've taken profit at some point even though you finally get taken out at BE (there is nothing wrong with BE, but ...

Silent Service Method

If I understand correctly, Chris is using the monthly PB for direction, i.e, he is only interest in shortin this pair. So you move to a lower timeframe and look for shorts. I am sure the small stop loss is part of it, but I think they main reason ...

Silent Service Method

Have you considered scaling out of your positions? Just take half your positions out at some point during the move up. So that when price hits you at BE, you still have some profits booked. I am a mathematician by profession, and I would be the ...

Silent Service Method