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I'm short the S&P so... yea... breakout guaranteed.

One more case confirming why I hate playing breakouts. As perviously stated though, when I DO wait for a retest to buy... the retest never happens. When I DON'T wait for a retest to buy, the retest not only happens, but usually fails. Let's hope that's not the case here.

Looks like that USD/JPY would have panned out quite well, and we did, in fact, crack (and stay under) 94.000 solidly. Long - AUD/USD 0.83424 x1 Late attempt to snag the break out move. Would like to ride it all the way to the next fib line, which, as I see it, would be .8382X. Was...

Her journal is definitely an entertaining and helpful read. I hope I can keep it up. lol Went to take a shower and missed this move on USD/JPY I was waiting for.... On the 15 min: On the 4 hour: That was a pretty solid miss on a low risk, no brainer trade. Wouldn't be...

Meanwhile, in the land of the stock market... I took a short-term short position in the S&P (at 1,005) via SDS (45.15). I wish I had been more patient and waited for the 45.00 that I wanted, but I was at work and half-assing things off a cnbc.com line chart.

Thanks for the encouragement. Your thread looks like a good read. Just by skimming the first page it appears we trade similarly. Should be an educational read. :)

^Glad you're looking out. :D Just a quick question. Forex.com has this news feed commentary. I don't trade by it (although they make some excellent calls), but some of the stuff is quite entertaining. They keep talking about "risk" as if it refers to certain currency pairs (not stocks, as...

Adding that into yesterday (because that's when I put the trade on)... Total after day 3: +58.1 pips

I was thinking I'd just sit and cry. :p I suppose I'd just take the loss at my mentally determined stop point, as I did a few pages back (on USD/CHF, I believe). When I'm trading counter trend I'm quicker to cut losses because there's very little chance of them returning to profit or BE...

I was actually waiting for cable to tag the swing point all evening. Looks like it finally hit it sometime since 4:00am ET. I'm pretty annoyed about that because that same setup worked out very well last time, and looks to have been good for an easy 100+ pips again. Appears that I already...

Forex.com sucks major balls. 4 hour candle that I saw... massively crushing shooting star that closed almost flat. After 8:00 rolled around, I wondered why a new candle hadn't started. Closed and restarted the program... only to see the shooting star was normal looking candle that closed...

This annoys me. I knew I should have waited for the retest of 94.090. However, every time I wait for a retest it never happens and the price simply keeps moving away from me. I think this is where a lot of luck... I mean... experience comes in. Looking for current 4 hour bar to close below...

^Might have to test those out in practice mode. Short - USD/JPY 93.996 x1 Target 93.840 Wishful thinking target 93.720 As always, the position immediately moves against me. I need a new entry strategy or a new broker, not sure which yet. I'm leaning towards the new broker...

Just out of curiousity, what's your time frame on this? I don't necessarily agree/disagree, but how long can you stay solvent on your shorts if the dollar takes off in the short term?

...and there's my drink spewing laugh for the day.

Just to reiterate this profit taking too soon problem that I have. I was long WPTE at 0.98. Again, it moved against me quite a bit. I stuck with my setup and today it paid off. My original target was 1.08. I was very glad to see it up today and cashed for a small gain at 1.01. Current...

Didn't play out quite how I wanted or expected, so I happily took my low profit target before it changed its mind. Needless to say, the second I covered it blew through my target price on it's way to the center of the earth, more than likely to my original target (stated above). Must...

Short USD/JPY - 94.000 x1 Target around 93.600 We'll see...

^Glad I could help. From all the reading I've done, retail forex is a mine field. Best of luck to you. 4 hours bar outlook held true. Take profit stopped out around 2:20am. Covered - GBP/USD 1.64836 45 pips Wish I had seen the 4 hour chart before taking my terrible position. That...

But what is all this talk I hear (even around here) that Metatrader is a scam? For reference: http://elitetrader.com/vb/showthread.php?threadid=118174