Recent content by Charticist

Trade on GBP/USD this evening I put the trade in immediately after I got the trading platform opened. The arrow is where I intended to make the entry, but made the entry in the next bar and got about the same entry (pricewise) as I would have with the intended entry. The action was mostly in...

My trade for the day. The AUD/USD was acting very technical. Note that after the entry it dropped, bounced off a ceiling (at 13:45), went up hit the resistance/entry area then dropped, turned around at the 00 level, went all the way to the top of the small entry cluster, just missing the stop...

USDJPY Oh Well! The series of lower highs was indicating a further move down, which it did. I think the entry on the trade here may have been too early. I probably should have entered on the break of the white line. The inset shows a trade execution error. The blue dashed target line was at...

AUDUSD trade today This is a very nice thread. Of course this is an excellent trading method as well (not easy though). The charts by Bob Volman are extremely useful, thanks for creating those. Thank you BLS for posting them. I thought I'd start posting occasional trades, winners and losers...

I only trade the EUR/USD, at least lately. I start trading a few hours into the London session, then trade the overlap period between London and New York. The end of the New York session can get pretty dull but I will trade it sometimes. I agree that the Asian session is usually slow but it...

Nice trade! I agree with the assessment, that the market was moving up. I watched the PA and let that trade go since I could not see the prebreakout tension. I actually had my signal line 1 pip lower but in retrospect your line was better (even vindicated by the backtest) since it allowed you...

Thanks Fox. Thats a really good question. I did in fact move my SL to BE. According to Bob I was not supposed to do that (p.247) since it was not a technical level so during the trade I was fighting the urge but gave in. But then the chart gave me two technical opportunities to lower the...

Took one trade this evening. Note that I did not take the BB trade at 2. The trade (red arrow after 5) was taken because the attempt by the bulls at 4 was feeble and set up the possibility for lower highs. The support at 1 combined with 5 touches of the signal line looked like it might have...

I agree it is close and is a worthwile discussion. Every once in a while I find the time scale based charts hide sideways motion during strong upward moves. On tick frame based charts this sideward motion moves the PA rightward towards the 20 ema. This is important in the case of a DD setup...

Here was a case where the trade of the BRN was a good choice. The PA was still moving quite a bit above and below the 20ema, but I guess the higher lows and equal highs should have given it away. I didn't take the trade. Also the bears must have seen it coming (I interpretet the large bar as...

I agree on all points (the extra time frame is a distraction). Also I agree and add maybe just for self reinforcement, that the battles around the BRN, can take place many pip above and below the number. They don't let go of the rope until 3.109. That would have been a great entry. Thanks...

Thanks for the feedback, especially about the big round number. As I reread Bob's book and assemble some notes I keep picking up information that I overlooked on my first read (like avoiding BRN areas except when prices are trending nicely). I'll need to continue trading light, which one can...

Nice trade Fox. I have trouble verifying legitimate squeezes vs tease breaks as well. Your taking profits before 10 pip seems to work out well for you, I am thinking about backing off occasionally as well. To train myself to keep focus I am only trading for 30-60 min stints. I am also trying...

As I continue my study and assemble my notes/document I'll definitely be referencing this materal. Nice, textbook trade. Take care, Chart

Mike, Thanks for all your help and showing us that with hard work, and as you said being honest with yourself, that it can be done. We'll keep the thread going and hope to see you back here soon. Chart