Recent content by rod_falcon

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    After PFG - Warning signs to look for?

    Fraud, i.e. outright theft of customer segregated funds, is the result of a broker in financial trouble who has to choose between filing for bankruptcy and taking customer funds to keep operating. Old Wassendorf declared that his pride prevented him from admitting defeat, so he cheated. You can...
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    Price action practice journal

    Re: EUR/JPY New Short Stopped out, -159 pips
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    Price action practice journal

    Re: USD/CAD moved stops Stopped out, +20 pips
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    Price action practice journal

    Re: AUD/USD Long Stopped out, -132 pips
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    Price action practice journal

    AUD/USD Long LONG AUD/USD @ 0.9906, SL @ 0.9774 (132 pips) Breakout of an inside bar and clearing of resistance.
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    Currency trading on D1 time frame

    Hi, What are you basing your entries on? I am not sure you should be long either, at least according to price action on D1 timeframe, IMHO. I agree there's no evidence of a downtrend yet, but price has clearly stalled at 1.4000 and it's not making new highs. Slowing momentum and rising...
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    Price action practice journal

    EUR/JPY New Short SHORT EUR/JPY @ 113.21, sl = 114.80, pt = 110.00
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    Price action practice journal

    EUR/JPY stop hit Stopped out of EUR/JPY Short, +20 pips
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    Price action practice journal

    EUR/JPY stop moved Move stop to B/E + 20 pips @ 113.65 Profit target of 2 times risk @ 111.45
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    Price action practice journal

    USD/CAD Profit Target I have decided to use a 2 times risk profit target for range-bound trades. Hence: USD/CAD PT = 1.0421 ==> 300 pips
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    Price action practice journal

    USD/CAD moved stops Moved stop on long USD/CAD to B/E + 20 pips = 1.0141
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    Price action practice journal

    Stopped out of USD/CHF @ 0.9700, -131 pips. For book-keeping: Previous USD/CAD loss of 130 pips.
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    Currency trading on D1 time frame

    Let's say it stays choppy for a while. The options as I see them: - Switch to trend fading strategies - Look for trends in other markets - Stay out, i.e. wait for trends in the same pair What would you choose (including any other option I haven't considered) ?
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    Price action practice journal

    USD/CAD Again LONG USD/CAD @ 1.0121, SL: 0.9970, 151 pips (1.5 * ATR(10)) Long Legged Doji reversal at major support with confirming Big White Candle. Close above previous minor support turned resistance. Market is sideways unless it closes below 0.9930. Bearish Momentum still looking weak.
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    Price action practice journal

    Re: Mistakes Thank you Selmer, Actually I have tried now and I see what you mean.
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