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  1. S

    Baruch's Forex System Journal

    Not much, really. Took a piece out of the EUR/JPY fall last night. I've been mostly paper trading. There just doen't seem to be much movement; consequently, I've been hesitant to take trades. My paper trades have been doing fine, but it's easier to make that prediction than to put money...
  2. S

    Baruch's Forex System Journal

    Nice. I managed to take a chunk out of GBP/USD when it was coming down. Could have taken some out of USD/JPY but I just didn't have the conviction to jump in.
  3. S

    Baruch's Forex System Journal

    That's probably what I'll do, but for the time frame I'm trading right now, I really don't think the fundamentals mean anything. I think the only time they come into play is when something unexpected happens, or a report comes out with unexpected results. Once I start trading the longer...
  4. S

    Baruch's Forex System Journal

    Good trade, jrichman. I'm going to stick to trading the charts from now on. I just get in trouble when I try and analyze the fundamentals. :D
  5. S

    Baruch's Forex System Journal

    I'd prefer to not give any actual advise on what pair to trade. If you "can't afford to lose" then you may be better off paper trading for a while. Playing with scared money makes it even more difficult to succeed, in my opinion. Sorry I couldn't be of more help, but I really don't feel...
  6. S

    Baruch's Forex System Journal

    I have no idea. Just looking at the charts, especially the longer term charts, it seems there is the potential for a big move, but I have no idea which way it'll move. Really, I think it depends on what time frame you want to play in. The 1-4 hour charts are (to me) bearish, and you could...
  7. S

    Baruch's Forex System Journal

    Just my opinion, but I'd be careful about holding this too long. I'm by no means an expert, and I may very well be wrong, but discretion is the better part of valor. I'm reading through bloomberg now (Baruch will be so proud! :D) and the news stories seem to point to continued strengthening of...
  8. S

    Baruch's Forex System Journal

    I'm not quite sure if you're long or short USD/JPY. Either way, I'm looking at shorting USD/JPY and I'm rather bullish on the Yen in general just looking at the charts - especially the daily charts. Looking at shorter time frames of USD/JPY (namely, the 1-4h charts) I can't really discern...
  9. S

    Baruch's Forex System Journal

    I wasn't feeling well last night and I just wasn't up for trading, so I didn't really do anything. I followed the charts and made my predictions and I would have done just fine. I'll go through and look for trades today in a few hours, but I already have a list of potentials that I'm going to...
  10. S

    Baruch's Forex System Journal

    Really, everything I'm willing to disclose about what I do has been disclosed. It's really up to the individual person to settle on a methodology that they feel comfortable with, then refine it down, deciding on time frame, any indicators, etc. What works or doesn't work for me, may or may not...
  11. S

    Baruch's Forex System Journal

    I'm staying out of it for a few more hours. I hate deciding on trades now (6-7pm EST). I've been finding there just isn't enough movement to make a proper prediction. I may actually end up taking a long position in EUR/USD, but I won't know until later tonight when I decide on any trades.
  12. S

    Baruch's Forex System Journal

    Yep, I agree. I've just started going over my charts for the day, and the EUR/USD is shaping up for a potential huge move downwards. Since I haven't finished looking at all the charts, I won't mention any others other than to say that I think there could be a big move in GBP/USD as well.
  13. S

    Baruch's Forex System Journal

    I put some stops in, now I'm gonna try and get some sleep. Hopefully, I won't be annoyed with what I see the next time I look at it.... G'day/G'night.
  14. S

    Baruch's Forex System Journal

    I use 'em, but when I can check back and forth, I don't see the need. And, to be perfectly honest, I always have trouble deciding where to put a stop in a profitable position. I can't quite figure out the right balance between locking in profit, and giving it some wiggle room. Thanks for...
  15. S

    Baruch's Forex System Journal

    Let 'em. I'm short and I have no stop anyway. :D
  16. S

    Baruch's Forex System Journal

    So far, I really like forex. The 24hr market is absolutely perfect for a night owl like me! That technology sounds pretty cool. I'll have to look into it. Thanks!
  17. S

    Baruch's Forex System Journal

    Oh, this could get interesting. Guess it's the most obvious spot for a stop as it (eye-balling it) seems to be approximately the 50% retracement point for this last upwards thrust from 5/14 to today on the hourly chart.
  18. S

    Baruch's Forex System Journal

    Hopefully, the calls will last.... :D Thanks. :) Perfectly understandable why you're cutting back. Really no point in working hard to be successful if you can't enjoy it. Take care, Steve
  19. S

    Baruch's Forex System Journal

    It's doing okay now, but for a while, it had just been vascillating around; it hadn't really made any significant move since I had entered the position. I think the position is sound, so I'm going to hold it for a while longer I think; possibly overnight.
  20. S

    Baruch's Forex System Journal

    Thanks, Baruch. They're working out pretty decently for the most part; GBP/USD isn't really cooperating just yet, but the others have some "acceptable" gains. :D
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