I don't have a target, but I trail my stop as long as the commercials dont go to the oppposite extreme area.

Another way to trade PA profitably

may I know your reasons for short eur? True, there is resistance but I didn't see any price action to confirm this and the commercials are still relatively long, even though they came back down a little bit last week.

Another way to trade PA profitably

Yes you're right. But remember these are trades that could last weeks! So if you see some drawdown do not panic. There will be ups/downs. Despite all the USD/JPY bearish outlooks posted here I'm still going to take long. And once I'm in I don't look ...

Another way to trade PA profitably

I would suggest you at least go through this thread, from beginning to end, every word first. And try reading some journals in the journal forum. And demo trade for a while. Use whatever system/method/approach you like. And this stuff may make more ...

james16 Chart Thread

40 pips isnt bad on USD/CNY considering each pip only worths $1.33 USD on a standard lot.

Chinese yuan (USD/CNY)

Follow the commercials. They long, you long. They short, you short.

Another way to trade PA profitably

well if you're undercapitalized try trading with Oanda, start with 0.1 mini lot. 1 pip eur/usd = $0.10. That should allow u to trade longer term and sustain larger stop loss. The best way to go is to demo first. Then put in maybe $500, trade 0.1 ...

Another way to trade PA profitably

commercials are companies that utilize the financial market to accommodate their day-to-day business activities. These companies are huge multinationals with such a big influence on the market that they're required to report their positions to the ...

Another way to trade PA profitably

price action can be traded by itself, no problem. Short EUR looks good on the pin bar but not on the weekly. But it's good for some decent pips. COT doesnt mean a lot on daily, your trades will be good as always

Another way to trade PA profitably

I think Urchin you're absolutely right. I'm trading longer term so this past week's consolidation didn't hurt much if you're looking at a trade on a weekly basis. I think the reason for your trades being contratrian was this consolidation area. ...

Another way to trade PA profitably

OK great trade, its now at 95.71 area i posted earlier on and will be around here for a while before it takes off to test 97.10 area, once these two levels are broken it's gonna be a shit show straight up.

Another way to trade PA profitably

Urchin I really enjoy your daily pictures ^_^ I tried to change the name by going to the advance tab but the change didn't go through. It really doesn't bother me a whole lot. I'm not a big fan of "1000 pips a month" title. This upmove is now at a ...

Another way to trade PA profitably

here we go guys. commercials back to power. almost 400 pips drawdown for me in two days. but like I said, 400 out of 3000, i can live with that. Now the ret is over EUR AUD will strengthen, JPY will lose its hard earned value from two weeks before.

Another way to trade PA profitably

No offense, but as always, I'm very confident with my trades. wait till tomorrow. The last week's bulling bar will hold and when the COT comes out this Friday I bet the commercials are still long euro as of Tuesday, now. The last bear move was ...

Another way to trade PA profitably

Wow thank you so much. Your right about COT and that's why I use PA to make entries and exits.

Another way to trade PA profitably

nice trade! I'm down 150 pips now from the 500 pips I made last week. No biggy, I'll stay at least till FOMC.

Another way to trade PA profitably

Yeah, but remember daily bars are more valid than hourly bars. Now it's hitting some retracement levels, 100-200 pips movement in this area isn't uncommon, I'll give it sometime to play itself out. Lock in some profits if your carrying over from ...

Another way to trade PA profitably

Yes, it is valid throughout the week and if it stays there for another week the signal carries on with it. If you get in at the right time, you get very little drawdown or no drawdown at all. on the AUD/JPY I got a 90+-pip drawdown before it took ...

Another way to trade PA profitably

you're absolutely right. All I wanted to prove is this, commercials do not make money off speculation.

Another way to trade PA profitably

Net positions of commercials and their percent of open interest. Use the long form posted on CFTC. That will include small speculators. I use their net positions and percent of open interest, too. And I also use COT index which can be calculated by ...

Another way to trade PA profitably