I might long too, but may run out of time before. I usually don't play the gap.

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This is not typical PA for the end of the trading week...

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I have a hard time believing that we will see 1.50 on this general move up. That would be more than a retrace. But that gets more into fundamentals, which I don't really use for trading.

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Hey flakk2000, sorry to hear that. Anyway, time to move on. Restart like afcberty above. That's how I started, and I still haven't increased lot size all that much. I suspect it will be months before I put up the big bucks.

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Oh yeah I see that. Doesn't seem to be enough time for this to go up, or down much more. Do you suspect a gap up Monday?

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Some traders here feel that the short-term trend is still on the way up, within the scope of a larger downtrend. If this is the case, you may be able to cover in the green. But...it could resume the larger trend, down. No one here will have a ...

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Actually I see two cup and handle patterns. Kinda like big dipper little dipper...

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WOW! Super-Psi

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Well I'm not making lots of money but am making pips. Since I'm still gaining experience, I am purposely keeping my lots small. I do have some small losers but very, very few of my gainers are home runs. So, I'm scalping, with success. I don't like ...

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Although I don't trade the same way, I think what makes any of us successful is identifying the high-percentage trade within the trading strategy each of us uses. If only we could keep our emotions in check...

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So the trend is your friend....but you are a backstabber!

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Hmmmmmm......then you are a countertrend trader?

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Now entered long again after the little retrace. Some profits taken, others locked in.

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Nope. Didn't play that crap near the PP. Waited to get out of there then THV told me to go long. Took some small profit.

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I am using the fractal indicator, which looks like it does about the same thing. I incorporate it with the other indicators.

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I did exactly that, and same thing happened. Little profit is better than loss though. But I play off S&R manually and don't use an indicator. What is the advantage of the indicator?

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Everybody has some bad luck and gets greedy from time to time. But if you practice good money management (2-5% maximum risked at one time) you can recover more easily. Sorry if I'm telling you something you already know.

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I don't want to lecture you, but it sounds like you had too high of a percentage of your account at risk at one time. Yes?

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If the time zone you are referring to is ET, my calendar shows 8:30 am....and Trichet will be speaking too!

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Thanks for doing that. I incorporate that strategy in my trading as well. I knew it worked well but those stats are real impressive. Good job!

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