USDCHF daily Not much going on here. Nothing that makes me confident really in going in a certain direction with the trend.

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Hi NBIFX, How great to hear that its being helpful. Its especially helpful to me too getting feedback. Makes me far more introspective of what I'm doing, and is helping me fine tune my strategies that have been forming over the last few months with ...

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OK...so it would decrease the number of trades, but increase the % of winning trades.... Makes sense. Watch this space !! Thanks JH - I'm getting there...

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Hi RF, What do you base this on ? Would love to know what you use to define forward moves ... "USD-JPY 113.32. Current rise seems to be over near 113.44 or 113.9 for a retracement towards 112.98 - 112.69 area. " Cheers M

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Closeup of gbpchf...

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GBPCHF Nice established up trend broken. Retracing back up to the trend line, and about to hit the 50% fib too. Bounce down will see me open a short trade...

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Hopefully not as many times as I have said that !!!! And I shouldn't just be talking past tense either !!! :

Experiment: $100 to $1,000,000 USD in 155 Steps

Gold closed. Stopped out at 620 for 2200 pips (less 90 pip spread). Prowling the next one....

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Gold stop moved again...620

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Gold stop moved to 623. Limit to 615.

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Redraw.... — A question for anyone out there using trendlines.. How often do you wipe out your trendlines and start again...drawing them that is...else one either has too many, or old ones that no one else is using that you're basing your ...

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Hi so-so...busy replying to your other message, but might be good for others to know about this too, so will answer this here. I would love to one day describe my rite of passage up to this point...its been hairy !!! but suffice it to say that ...

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audusd... hmmm.....look at this daily trendline that might do some serious bouncing. Also 50% fib hanging around there. Sort of needs gold to soar (again) as Aud is big responder to gold, or dollar to tank. Hey, anything's possible. Needs to bounce ...

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Update... Gold is looking really good. Moved stop to 627. Thinking about moving limit further down to 615...or even 610. Banked 1500 pips - only 750 really as I use half normal risk with gold.

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Hi FCX, Really like your thread and idea. Worried about the bad trade you're holding onto. What if it doesn't come round and keeps going south (or north, you know what I mean !! ). Surely it could wipe out your account...? Extreme example of what ...

Experiment: $100 to $1,000,000 USD in 155 Steps

usdjpy stopped out. Remember, risk is small, and its all about probabilities. Its impossible to NOT have losing trades. On hindsight, still a trade I would have taken. Gold looking good.

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Update. Many suggestions etc given up to now, but only 3 trades taken. chfjpy gave a 10 pip profit (but had I stuck to the plan, would have been at least 50 gold now at breakeven, up quite a bit. Waiting for limit to be hit. usdjpy down a bit, but ...

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Gold trade. A question to you all out there...should I move my take profit up from 618 to 628. Already have stop ahead of break even, so its a risk free trade right now... Am I being to greedy or impatient ? OR should I stick to my original limit ?

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Closeup of short usdjpy trade...

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USD JPY... Bounce off upward green trendline...support becoming resistance, and 50% fib. Confirmed 'bounce' down (or so it seems to my "objective" eyes). Open 112.13 Stop 112.57 Limit 111.42

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