Update — U/J +88 pips and climbing

Trading EUR/USD & Majors, Longer Term

Checking in — Trades have pulled back to clear the over extended bars and made good on the EUR/USD. U/CHF did not make iy all the way back. Lots of drawdown but thats to be expected here on this Sunday night. Trades are starting to come back ...

Trading EUR/USD & Majors, Longer Term

My Trades — Here is the plot of my trades. The first lot I sold at the bottoms in the grey rectangle. I sold again at the 61.8 % Fib level. See last post for stops entries etc....

Trading EUR/USD & Majors, Longer Term

Current trades — Just so you can follow exsisting trades I have on the table I will post them. SHORT EUR/USD AT 1.2778 STOP AT 1.3130 AND T/P AT 1.2565 LONG USD/CHF AT 1.1566 STOP AT 1.1330 AND T/P AT 1.1862 LONG USD/JPY AT 92.96 STOP AT 90.94 ...

Trading EUR/USD & Majors, Longer Term

By the way — I don't care who has written me off! When I start posting trades before they happen and they start coming in positive, there will be plenty of people here. Money talks...... AJ

Trading EUR/USD & Majors, Longer Term

Ok — Ok, I don't really expect to come close to this stop on this trip down. If you notice I have a buffer to stoploss 1/2 if it breaks this Wedge. You see, it is eventually going to break this to the top side and we don't really know when. I ...

Trading EUR/USD & Majors, Longer Term

Latest Trade — Here is my latest trade that shows the Falling Wedge. I have placed a short at the top of Thursdays candle which is just shy of the 50% and I added a micro at the 61.8% as a compounded scale in. Reason, I have 4 confirmations ...

Trading EUR/USD & Majors, Longer Term

Guys and Gals — Look, if you are going to come here just to piss and moan, and bash what I am doing, just leave. AJ

Trading EUR/USD & Majors, Longer Term

R/R — I would rather shoot for degree of accuracy of the trade and take the 1 for 1 deals. You can see clearly where my T/P is way down at 1.2560. I dont care where resistance is and I put my stop there because that is where it mathematically ...

Trading EUR/USD & Majors, Longer Term

Example #1 — Below is an example of a group of trades I took lately. The first shown is a bounce off the 61.8 Fib level and as you can see, it was a nobrainer. The Entry was placed at 1.4364 and the stop at 1.4755, (390 Pips). The 1st T/P is ...

Trading EUR/USD & Majors, Longer Term

Fib levels/Inside Bars — We will pull fib levels and pay close attention to the 4 major levels in my book. The 31.8%, 50%, 61.8% and the 76.1%. We will buy or sell at these levels. We will also look for overextended bars and Inside Bars that ...

Trading EUR/USD & Majors, Longer Term

Gaurantee — I Gaurantee you will love this method. When I switched down to a Micro account my accuracy improved 100%. My biggest problem was freaking out and pulling off my trades at a loss and then watching it go in my direction well into ...

Trading EUR/USD & Majors, Longer Term

Methodology=Trendlines/Channels/Divergence — The idea of this thread is to simplify the art of trading. There is just too darn much noise on the smaller timeframes and spikes can easily take you out of trades. Trendlines to mark the direction ...

Trading EUR/USD & Majors, Longer Term

Now I Remember — Now I remember why I stopped coming in here last year. Too much bad information!!!! See YOU guys later. AJ

EURUSD

NAH — You have to have 3 points, is what I was taught. You can draw any channel with 2 points of reference.

EURUSD

FYI — Please keep in mind, I trade longer term off the Daily time frame and some of my stops are 300-400 pips. And when I say move down in a hurry, I am talking a matter of days. I also got a sell signal on my software along with a buy on the ...

EURUSD

Follow Thru — We have negligable divergence to the downside here on the 4 Hr and this T/F shows more than any right now. I fully expect this to head back down to the 2500/2600 area in a hurry. This is also the daily and weekly trend. AJ

EURUSD

Monthly — I can try to answer here. right now we are stuck between the 38.2% and 50% level on the Monthly and yes the up trend from 2002 has been broken to the down side and tested, however, the 2001 trend has not. Could go either way here so ...

EURUSD

Nuff Said — Ok, here is my reasoning. You see the price went right to my long term target and backed off. I was talking to Phishhog a little about this earlier. Keep in mind that this is the 61.8% Fib level from the move down starting on ...

EURUSD