Recent content by JRS

One trade today. At the time I thought it looked like a good BB/IRB from the 40 level but hindsight, I'm not so sure. Other's thoughts welcome

No trades today but managed to avoid some sticky situations.

Just getting back into the swing of things after taking some time off. 1 trade today.

In light of today's carnage, remember the words of Mr. Miyagi: Daniel-san, the best defense is no be there!!

Greetings Volmanites! I've been taking some time off for cobweb cleaning and a little R&R. During this time, I'm also rereading FPAS and thought I'd share this inspirational gem: Now get out there and trade like a champion today!! :D

Question to the Volmanians: would you/did you skip that second skip or did you take it? If you took it, what convinced you? After I missed that move I let myself be bothered by it then quickly committed an error. Pep talk: "Do you want to win or do you want to be a part of every move as...

Scratch today.

You're right if you put the tipping point at the low of bar prev to entry. In this case, I think I would have trailed closely, putting the tipping point right under the entry bar. As this example shows, however, certainly not always the best plan.

Not the easiest trading day but at least we had some movement.

Wouldn't sweat missing this one Cha-ching. It was a pretty tight range with a round # and some previous blockiness to fight through just under 124. Just as easily could have retested 124 only to bounce off and test the high of the range again. In the right conditions, I think it would be a...

Just laid low today. Super thin price action, didn't see any high-odds opportunities.

Bob chimed in about choppy markets in this week's charts. Reposting here.

Today's trade. After tracking the various exit strategies last month, I've decided to switch this month to a +10/-10 bracket exit. I'm going to continue tracking, will post the results at the end of the month for anyone interested.

Sadly you read that right :) I've attached a chart of the running totals for comparison. The beginning of the month was great then after Greece was "fixed" the market changed and we started seeing more summer-like conditions. I failed to adjust. If you look back at my charts during that...

Exit Strategies I mentioned in a previous post that I was tracking a couple other exit strategies. I'd like to describe the strategies and performance of each for July's trades. 1. Tipping Point Technique - straight FPAS 2. +10/-10 Bracket - every trade is either +10 or -10 pips; no early...