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  1. momoNY

    Forex price action trading

    My plan for the coming week: 1- If the price goes up expect the high of the day to be broken then go short around 1.2325 with the stop at 1,2355, target 1.2160, if it goes beyond that then wait for the next day to tell more. 2- If the price continues to go lower expect the price to bounce back...
  2. momoNY

    Forex price action trading

    This game is a game of confidence, you can use any strategy and make money if you have an iron confidence. You cannot be confident when tired, when you have bad news, well when you are stressed! Good health and proper mental are 99% of the game, no questions. This is a job, that you have to take...
  3. momoNY

    Forex price action trading

    Never trade when tired! What a week! I got bad news from work and since then I seemed think more of money than charts. I can't believe I can be this biased! Now we are sitting right on my predicted low point, 1.222. If we go up from here, I will feel like a prophet and trade like a shoe to...
  4. momoNY

    Forex price action trading

    Beaten to death! So far -$2100 on the challenge, I am eating the previous challenge! Plus an open loosing position. I think a bottom is in the working; It requires more than this to break an important support as1.22, but who knows? I expect the market to go to around 1.245 then come back...
  5. momoNY

    Forex price action trading

    I got killed by the fed, I did not know there was a meeting! All in all, -$1800!!!! Will trade small and longer time frames, anything below one hour is definitely not for me! Will try to go long around 1.2290 if it gets there. We should get a descent pullback, it always happens after the fed...
  6. momoNY

    Forex price action trading

    There is a great chance that we revisit 1.22. I think it will break the high next week by a hair and then go back to 1.22 within a week or two. Will be short anywhere above 1.255,if it gets there.
  7. momoNY

    Forex price action trading

    I got killed trying to predict every single move. I covered my short and I went long and I don't know what happened after that!!! Challenge -500 !!!!! Back to the basics. Long at 1.2395 stop 1.2360 target 1.2545. I will forget the challenges and focus on my trading!. Starting on a clear slate.
  8. momoNY

    Forex price action trading

    Crappy day today. The Euro followed my plan for the week, but did not manage to get a lot! Tomorrow will probably be an up day unless it trades below 1.2439.The resistance at 1.26 should hold or be broken by a hair, I'll put my stops at 1.2610. I will look to enter long if there is a descent...
  9. momoNY

    Forex price action trading

    Got shopped to death trading short term on Friday and Sunday night, lost almost all last week winnings. The challenge puts pressure on me to go get some pips where there are none! I should just care aboutmy trading and forget the moneeeeey! Long at 1.2450 stop 1.2375 for now. Challenge: +$700
  10. momoNY

    Forex price action trading

    Day trading is not for me!! I decided to re-enter short with a lighter position at 1.2452 stop 1.2597, target 1.2390; I may change my mind depending how thing unfold. Gave nmore than enough back Challenge: ~+1800
  11. momoNY

    Forex price action trading

    Getting out, probably will go long. It looks like it will go up to retest the high, probably stop at 1.2493. I will short with a stop at 1.2506 if it gets to 1.2480.
  12. momoNY

    Forex price action trading

    Zut, I moved my stop too early and got stopped out like a newbie!! gave back $200 after being up more than 500. Going short again; target 1.241, the will go long around 1.2390, stop should be below 1.2364.
  13. momoNY

    Forex price action trading

    I closed my long trades for a total profit of $1600. The way it is coming off support is not that convincing, very high chances to day will be an inside day, we will go probably up to 1.2475 then retrace to sit on the old trendline. If that happens I'll go long again. Challenge: ~ +2200
  14. momoNY

    Forex price action trading

    Thanks Watson, Actually you are right, I will look into that. Is it very liquid, I know the euro you can trade very big that's why I am obsessed by it; besides I love challenges. Thanks for stopping by.
  15. momoNY

    Forex price action trading

    Covered my longs and scalped a little to the downside. Going long at 1.2377, will add more if it gets to 1.2360-5. Challenge: +600
  16. momoNY

    Forex price action trading

    Looks like we are going up from here, may be an inside bar followed by a higher one, or will be building a triangle. Long the house at 1.2388 target 1.251, stop 1.236.
  17. momoNY

    Forex price action trading

    This thing may just barely break the support (yesterday's low) at 1.2364 and turn up, to challenge 1.2506
  18. momoNY

    Forex price action trading

    This can lower to 1.235 which would be a great entry point long with stop at 1.23. Patience!
  19. momoNY

    Forex price action trading

    Got beaten down this morning. Bad trading always accumulates when you don't stick to your plan! I am down to +100 on the challenge!!! after being +1850! Never trade when you are very very tired!
  20. momoNY

    Forex price action trading

    Screwed big time today! I should stop trying to catch every move and look at the bigger picture. My short at the trend line was stupid, my plan was to cover at 1.2463, I soulda have stayed the course. I moved my stop up to 1.2535, I was very lucky it came down a little, so I covered at a total...
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