Wait till there's money in the corner and pick it up

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Old Jun 15, 2012, 8:59pm   #1
Joined Jul 2010
Wait till there's money in the corner and pick it up

Ok I'm going to be posting charts and pending orders using no indicators. just places on the chart where I think orders are stacked up waiting. And for now just on Euro/Dollar. The purpose of this journal is my education. Please feel free to comment on the trades/charts. I'll be posting the reason for each trade with the chart. I have a hectic schedule, so it will primarily be pending orders set up ahead of time. On the 4 hr charts. Again any educational comments are welcome.
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Old Jun 15, 2012, 9:17pm   #2
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Re: Wait till there's money in the corner and pick it up

Rooster34 started this thread 2 charts. First one is what I'm looking at, second is the pending trade.
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Old Jun 18, 2012, 3:55pm   #3
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Re: Wait till there's money in the corner and pick it up

Rooster34 started this thread This is why I'm doing this.....Trying to build up a long term picture of trading support and resistance.
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Last edited by Rooster34; Jun 18, 2012 at 3:57pm. Reason: content
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Old Jun 18, 2012, 4:05pm   #4
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Re: Wait till there's money in the corner and pick it up

Rooster34 started this thread Gapped up, continued up. Hit support turned resistance on the nose and headed down. That trade would have gotten me my pips for the week and then some. However the line above it remaines valid, Trade still in place.
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Old Jun 19, 2012, 8:57pm   #5
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Re: Wait till there's money in the corner and pick it up

Rooster34 started this thread Ok so it hit the same resistance again and headed down. 2 nice trades I missed out on in as many days. not a problem though. trying to amass a bunch of trade scenarios and then start to identify which ones work generally and which ones do not generally. Stil trying to find an edge.

The zone in the bottom of the charts is an area I think will produce some result if the price starts turning down.
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Last edited by Rooster34; Jun 19, 2012 at 9:00pm. Reason: planning trade
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Old Jun 20, 2012, 9:21pm   #6
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Re: Wait till there's money in the corner and pick it up

Rooster34 started this thread Bounces off S/R zones. the last 6 would have made nice trades. unfortunately I took none of them. Trade above current level is still in place. Looks like it's getting ready to break above current zone.
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Old Jun 21, 2012, 8:27pm   #7
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Re: Wait till there's money in the corner and pick it up

Rooster34 started this thread Trendline broken. Removed pending trade.
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