Recent content by Gaggs

Yah that's what I was thinking. Well what was pointed back out to me by my brother anyway. I like to look for the 1-2-3 pattern as it is my favorite and he suggested that I look for that on the larger time frame also. Had I done that last night I would have seen the 1-2-3 on the hour chart and...

Well to tell the truth just looking at the candles and tails. Trying to keep it as simple as possible. But as I talk more with my brother I am seeing that I need to add a little bit of common sense to the list. You know that whole trend thing and all!

Well after that many bad trades in a row I quite it last night. Just the night that is not trading. And talking with my brother a bit he asked me one simple little question...why was I on the wrong side of the trade? So I looked at the charts and told him I wasn't sure other than the obvious...

Out of the trade again!

Well new signal means new trade so here we go again!

Well looks like I was right with my first thought and should have gotten out as I was just stopped out of the trade. Now lets watch the market bounce right off the round number that's right below the stop.

This is the part where I wish I had just taken the 8 pips on the table when it was close to my target. But as long as this is the end of the "2" of the 1-2-3 then I should be ok.

We had an 18 or so pip move up from the low just under 1.3910 and now in a retracement of that move. Should hit the target after that as long as this turns into a real 1-2-3

Getting OH SO CLOSE!! We are right close to a round number too so the market may be changing to a bit of an up trend on the five minute chart for a little while. Price is starting to over lap a bit.

F. R. 18

Well that was the goal but my targets have been stretched a little past the 5 pip mark. Not real scalping. In fact the only reason I use that word is to indicate that fact that I will only be in the trade for s short while.

We will see!

This is my current trade.

Sorry folks I forgot to post here when I got out of the last part of the trade. It was late and when the trade hit the target I just went to sleep.

Current trade. Already closed 80% for 4 pips so if the rest stops out I still have some in the bank from the trade.