Recent content by aliasentric

Another trade idea... The EURJPY also looks really good on the weekly chart, breaking out of a flag, or triangle, whichever way you look at it... Risk/Reward is 1:5, but if it breaks above the last high, the sky is the limit on this one too... Just entered at 139.458 with SL at 138.355

Can't help myself, but watch this trade closely. Looking on the 4 hour chart, we need a strong upward move/close above 178.122, as the price is kind of consolidating again. Will look also for the daily close to hold above that too. Then, next thing to look for is a close above 180.389, then...

Here's a long term trade idea... Entered long on GBPJPY today with a profit target of 3300 pips. Here are the reasons for my trade: 1) Looking on the weekly chart, last week was a nice strong break out from many weeks of consolidation 2) Today on the daily chart is the 4th day of an inside...

F - Good for you. Glad it works for you that way. I wish I could do that, but trying to catch market moves up and down all day wears me out. Causes anxiety, and drains me emotionally, as I feel I am a slave to it. Plus it doesn't help that so far, I'm just not very good at day-trading :) Only...

Probably responding too much on this topic, but lack of control over emotions has been one of the biggest factors in my trading failures. So, I have focused a lot on this topic (not saying I've mastered it yet). I strongly believe that every aspect of trading - strategy, money management, how...

having said all of that, at any point one could lose control over their emotions. So, I agree with you in that it could still be an issue when you win or lose the trade. But I believe it is a huge step in the right direction if you can consistently enter trades without emotion... again, if you...

not saying entering a trade is an issue. But if you are feeling emotion when entering a trade, i.e. excitement at the possibility of winning, or anxiety at the possibility of losing, then you obviously are increasing the emotional impact that occurs when you win or lose the trade. If you don't...

It is possible to feel no emotion when you win or lose a trade, as long as you feel no emotion when you enter the trade.

USDJPY 4 hour chart - a close above the blue box, will consider adding to my positions. A close below the blue box, I may exit with profits, and wait for a signal to re-enter...

As I continue to learn and adjust, I'm finding I prefer the longer time frames better, as they give me a clearer picture of the trend, as well as offer higher potential gains, and less trading... Here's an example of my latest trade. I actually went in on the H4 time frame as I saw an engulfing...

I have 2: 1) Trading at a time when I don't pay attention to the fact that it's not a good time to trade 2) Knowing it's not a good time to trade, but trading anyway

This is my ideal trade. If I can get an average of 1:12 R:R on all of my trades, that means I only have to win 1 out of 12 to break even. If I risk 50 dollars on each trade with this R:R strategy, and only win 25% of the time, I still come out ahead with $1500 dollars after 12 trades. Not bad...

Posting a chart of one of my latest trades as an example of my strategy. Sitting on a 10:1 R:R, and hoping to get 13:1 out of it. Saw the price bouncing off of the bottom of consolidation yesterday and entered long. You can also see the price confirm a rejection of the range after it broke out.

Update.... 7 months later... Was humbled by the market again... But I haven't given up. I went to demo for a while, and just recently went back to live trading live and full-time. I wanted to apologize again to any whom I might have offended with my know-it-all attitude. I won't promise any...

GBPJPY trade management http://youtu.be/c_dWdyiK7JY