Last post. I would like to see AUDJPY reach 96.80 for a short. I believe that there's about 600 pips to be had before a possible reversal.

MTF Engulf / Engulf fail

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MTF Engulf / Engulf fail

I'm dipping my toe into the waters. It appears a lot of the contributors to this thread are scalpers, and I tried trading on the 15-minute chart using Island's method, but it's not my cup of tea. Anyway, this trading method is more systematic which ...

MTF Engulf / Engulf fail

Thank you for the breakdown. It is very much appreciated. In this instance to profit on this trade, your stop loss would need to be a bit wider than normal or again you enter a second time. I understand that the system calls for you to place your SL ...

No Indicator Trading System

Hi all, I've recently stumbled upon this thread as I'm trying to get back into Forex after a long time. I like the cleanliness of this system as it suits my personality. I want to thank Island and everyone who has contributed to the thread. It has ...

No Indicator Trading System

Sorry, I meant 1.0206 . First, It has to get through the green trendline connecting the higher lows.

USD/CAD

161.8 extension of the 4 hour FOMC candle plus the pullback of the 7/11/2013 00:00 4 hour candle. Sorry, 1.0206. Typo!

USD/CAD

I have a target around 1.2060 for this next wave. Hopefully, I don't get shaken out this time.

USD/CAD

Congratulations to all of those who were short from 1.5 and above. I got shaken out 3 times so I was gun shy about pulling the trigger again. Now I need to find a spot to re-enter short.

USD/CAD

Hi lebleup, I know I'm going against the trend, but the weekly and monthly trendlines tend to blunt very powerful moves. But, I'm going to be cautious as I'm looking to take partial profit around 1.410 to 1.390, basically the 38.2 of the move up. ...

USD/CAD

I'm hoping that this is terminal end for this parabolic move up. On the weekly, it has closed below 1.05222 and on the daily there's a double top plus it has reached 1.61 extension for this move up. I'm also noticing that USD stopped on support for ...

USD/CAD

The price action on this pair looks bullish in the short term. I see resistance at .91414. The highlighted rectangle indicates where I possibly see the USD/CHF heading.

USD/CHF

This has been said many times, but it bears repeating. You have to be disciplined and have trading rules. I am the perfect example of what happens when you have neither (see the first post in my journal). ALWAYS, ALWAYS set a stop loss unless you ...

USD/JPY Discussion

Needs to break the support shelf at 82.75. So far we've had a series of lower highs on the daily and 4 hour which should bode well for shorts; however, for the short term it's looking a bit flaggish. I would be careful adding to a losing position, ...

USD/JPY Discussion

Trading is definitely an emotional rollercoaster. As I was wading my way through my first few months of trading, I was definitely experiencing the lows and highs of each trade. I would beat myself up and become insufferable for an entire day for ...

Chinocop's Forex Fiasco

Continued — When I first started, I stumbled across several trading systems. I thought, "Holy shit!", these are incredibly easy systems. All I have to do is follow the indicators, and I'm set. After not having any immediate success with a ...

Chinocop's Forex Fiasco

The Beginning — After gambling in the stock market, I had bottomed out and realized that I needed to get serious about learning if this is what I really wanted to do. One day I stumbled across babypips.com. I breezed through the grade levels ...

Chinocop's Forex Fiasco

I know I haven't posted in a while as I've been lazy; however, I've been thinking about what would be more useful: posting trades/chart setups or journal entries describing my trading trails and tribulations. Since I really don't get any feedback ...

Chinocop's Forex Fiasco

Stopped out on my G/U trade. Onto the next trade .

Chinocop's Forex Fiasco

Took 1/3 off of the G/U position. Traders can never be happy, and that includes me. I should have stuck to my guns on E/J. If it comes back on me and takes my stop out so be it. I need to believe in my trades.

Chinocop's Forex Fiasco