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Just entered a long on the USDCAD stop at 1.0809 will watch the 1.1100 level as that is the first minor s/r zone, but I think this could be a good one.

This is a great question, Austrijec. The details are key to profitability, as I see it. It's funny, I think that entries really aren't that critical, but the exits sure are.... and I am not alone in that thinking. A great example of this is the recent trade I took on the 4hr NZDUSD...

Thanks Pachoo. It took years to get consistent results, and much of that, I believe is simply managing yourself. Maybe I see it that way because I am (or "was") a psychologist, but it seems to me that understanding your weaknesses and working on them is the key to getting on track to...

Looks like we have an entry on this one, now the easy part........waiting :)

Will sell GBPUSD if it trades at 1.5915 Sell @ 1.5915 Stop 1.6095 Target 1: 1.5800 Target 2: 1.5600

Pachoo: I am flattered that you have asked. Would love to tell you how I trade. Basically, I do this. 1) Draw weekly support and resistance lines. Only HORIZONTAL s/r lines. (Although they are lines on the chart, I prefer to see them as "zones.") 2) Do the same thing, but for the...

Sorry Charlie I have (regretfully) neglected to post of late. I have a lot of platforms to enter each trade onto, but I have decided that I will post on here, as there are some people interested. I promise I will remember to post here.......thanks for asking. Happy Trading! -FXjake

I have two pending orders The first is on the AUD/USD - if it trades lower than 0.7227 I will sell this pair, with the stoploss up at 0.7388 The other pending trade will be on the EUR/AUD, if it trades higher than 1.8346 I will buy with the stoploss down at 1.7972. Both of these...

Finished this one too out with +140 pips on the exit at 1.8460

exited at 79.80 for +106 pips, couldn't wait for 80.00 with that profit burning a hole in my mousepad

I have lightened up a bit and moved the stop to 1.8580 to protect the profit. This is still gonna go lower I believe.....

Let's try this again. Sold at 1.8600 Stop at 1.8657 1st target 1.8510 2nd target open (maybe the pair will get to 1.8200 again, or lower)

1st target hit 2nd target is 80.00

Here is the chart for the CADJPY trade.

This was the EURAUD, forgot to put that on there.....here is the chart.

Bought CADJPY at 78.74 Stop at 77.99 1st target at 79.24 2nd target open In a moment I will put the chart up...

Sold at 1.8512 Stop at 1.8628 1st target at 1.8324 2nd target is open Will attach chart in a moment.

Done. +73 pips, exit at 1.4585

This has moved over 50 pips in the expected direction and the stop is now at breakeven.

well, the USDCAD really did fall, didn't it? About 5 minutes longer and I would have been around to see that. Anyway, short the GBPUSD from 1.4658 Stop 1.4780 Target 1.4580