Search results

but it looks to me that we are just about ready for a move up. As I type, the price has risen to 1.2035. So it may be worth it to stay in for a little bit longer. We'll see though

And staying. Making an additional buy at this price 1.2015 Immediate target is still 1.2150. See ya in the morning.

at the same price 1.2097 Same target 1.2157

Closed out at 1.12100 for 3 points. I 'll wait and buy back at a better price.

There are also certain patterns that seem to occur when using Bollinger Bands. 1. The bollinger Bounce. This is obvious, the price is range bound and is bouncing from the top of the Bands to the bottom. Usually happens in slow times. 2. Breakout. What you will see is a bar break outside...

Well first I set my chart for candlesticks. I initial look at the four hour chart chart first. I set up the following indicators: Bollinger bands (normal setting) RSI (20) MACD (6,13,9) Parabolic SAR (.02,.002 and .05,.002) Exponential MA 10 The ideal set up is when both SAR's...

It is technical. I read the Economist and keep an eye on bond prices, but that is really only to help confirm my opinion of what I see in the charts. If they don't match up, I usually wait it out or set smaller goals until I see the move I like. I find it a lot easier to use the technicals on...

With brand new opportunities. Buy Euro/USD at 1.2097 Sell at 1.2150 (or somewhere around there) Stop TBD Still trying some new ideas. Have a good morning everyone.

Closed at 1.2115 this morning for a gain of 240 pips. Oh yeah, thats what I like to see. The fantastic employment numbers helped on this one. I thought they would be good (like Bush & CO. would let bad #'s come out at this rate) but not like this. Anyway, I think I like my new system. More...

Okay, I got back in. Selling Euro/USD at 1.2346 Limit 1.2146 Stop to be determined

This is'nt what I am looking for. Got out at 1.2358 for a gain of 5 pips.

Hello everybody. I took some time off from trading mainly to work on my system (and to get some much needed R&R with the future Mrs. LouDogg). I have decided to start taking a longer term approach and try to go for 200 pips a trade. While it looks good in the backtests, I have'nt actually tried...

I'm leaving to head to New Orleans for a few days of R and R. I 'll be back Monday.

closed at 1.2237. out 10 pips Since Sunday, I am still up 60 pips despite a cobined loss of 49 pips with the last two trades. Looking to buy at 1.2225 Stop at 1.2215 target 1.2285 10% of capital. I hope I am not just chasing my tail

Should have got in earlier. but it still looks good. Sell Euro/USD at 1.2227 Stop at 1.2237 Initial Target 1.2050 10% capital

Its just the internet. Anyway I goofed and tok a 39 pip hit. should have sticked to the plan. Got to remember patience.

Taking $$$ off the table is always a good idea.

Well, it is also a much smaller position than I usually take so I can afford to take a few extra pips. Presently, it seems to be making a move back up, but we'll see how it plays out.

But I feel moderately confident about this one. Probably not good judgement, but sometimes you need to learn from your mistakes. I still feel a reversal is in order at probably what I origianally thought (1.2260 approx.)

Yeah, I changed my stop. It was originally 1.2290. I just jumped the gun on this one a bit early. It still looks okay though.