An ET member just posted this link in the Forex forum of my old journal here called, The Coinz Chronicles. It was a great journal and highly-read even though some ET members flamed it to pieces so that it had to be closed. You may get some additional benefits from it. Here's the link. Enjoy, sKaLpZ
Adrian, I was wondering what happened to you! Good work on the EUR/USD short! USD/JPY is a great pair to simply position trade. It is a mellow multi-hundred mover and is the pair I'd recommend first after EUR/USD. Be careful with GBP/USD though, it is expensive as all get out and the silver spikes can be murder if you are a deep dweller vampire-type. If you get hooked on cable just make sure you're on the right side of the trade - you can make awesome money (read 500+ point TPs). It's a DBP (deep blood pit). Thanks for the update! Sam
EUR is lurking at the bottom PLEASE BREAK for 100 + Please Please 126.02 Ive been trading & have had a few down days. So the lack of motivaton to post.. for the last guy about 2-3 g a day in commissions.. maybe need a cheaper way I trade E-minis usualy 5-10 contract orders. about 40 bucks R/T It adds up.Im still learnin.. So I trade alot.. maybe less trading = more money? EUR I trade is the futures contract. Is that where I want to be? EUR 125.99 go go
The only support in sight is 120. I wonder if it breaks through 125.91 if it will move fast & make me happy Opened f few more shorts @ 126.14 & 126.06 current 125.96
The more you watch it the less it will move. Just let it go, come back in a week. It will print 125 sometime in that period.
let's try to keep it ON-topic, guys, please. this is a new beginner learning journal - it's not about watch me get my shorts eaten. LOL - thanks. if it starts, there are members of ET who won't hesitate to blow this journal sky-high the way they did The Coinz Chronicles. sKaLpZ
Real Trading: Scenes From The Netherworld This chart has a little story. So hellish I just had to share it with you. Misery loves company. This took place over the last 6-hours. I was long AUD/JPY and was lucky enough to close a couple small scalps of around 8-points each as the price tide ebbed and flowed. The first red X marks the point where I WAS 1-PIP AWAY from closing the trade at my TP. Later it tumbled down the purple line to the white line. I was away from my keyboard somewhere during the tumble, even though I thought I recognized the upward pattern, feeling pretty sure it was going to return back up again. But I figured I had blown the chance to close the trade at my TP. While I was away, depressed reading and munching more snacks down like a pig, look at the turquoise-colored line (actually called cyan). The price floated UP even PAST my TP... *extending a trembling hand to swipe at his matted hair* Next, notice the white line at the top peak far ABOVE.. PAST my TP. The next red X (lower right) marks where the price was when I got back to my trading station (my filthy keyboard and grease-stained mouse). My beautiful long that I was waiting HOURS for to close is NOW -10... it was the perfect miss. I'm feeling sick.... sKalPZ <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=752106>
Ah... Revenge is sweet. (pls see chart. position closed.) <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=752241>