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Hello old dog. Tell you the truth you're not exactly right, cos my trading is combined with 2 techniques - positional and swing trading. Swing trading is of different types: breakout, breakdown or a channel trade... these trades (eur and swissy) were swing trades based on chancel pattern that...

Well, stopped once again on both usdchf and eurusd. This was too fast and too much. Currently down 14.56% in Sep...Most probably becoming bullish on usd again just as posted yesterday. No rush now - maybe swissy is heading towards +1.44 - last month target, and euro towards 1.0550. Will...

My pleasure.

50 pips, so lets take that stop loss on usdjpy to breakeven...

euro: stop 1.0785 (78 pips / 3.12%) tgt same 1.1120 (257 / 10.28%) usdyen: stop @117.65 (65 pps / 2.21%) tgt 115.45 (155 pps / 5.37%) usdchf: stop @ 1.4235 (99 pps/2.78%) tgt @ 1.3750 (386 pps/11.23%)

bought euro 10863, sold usdchf@14136, sold usdjpy@117.00

Swissy stopped as well. Not the best begining of the month...:). - 8.75% For now I will still look to reenter last 2 trades and add usdjpy as mentioned before...but if today we wont get bounce back upside, its a signal to turn back bullish on USD. Will see.

I think he ment : never trade hoping current trend will reverse. Trade the trend. And I agree 100%

Well, institutional traders dont always look at opening bell...unlike stock market, they can enter forex whenever they want.

euro stopped also. May reenter later today. Maybe lower, maybe higher. Lets see where this move is heading. Another possible trade - short usdjpy as posted in first weekly post. MTD: -6.12%

I think if it goes through my stop at 10860 we are going to test recent lows again. My stop not hit yet, but is very close. It doesnt matter. Statisticaly, even if this one gets hit and we reverse afterwards, I get to ride the way up anyways...its trading - you get stoped, and you get targets...

Cable trade just stopped, this is the month opening :) MTD: - 3.2%

Holding three positions against dollar...thats about it, I open no more than 3 position at one time. Overall risk is 8.75%, objectives raward is 24.61% Good Luck everyone, Rezo

stop@ 1.4150 (93 pips / 2.63%) target 1.3750 (307 pips / 8.9%)

Sold USDCHF 1.4057

stop at 1.0860 (80 pips / 3.2%) target 1.1120 (180 pips / 7.2%)

I can move to b/e as a rule, but depending on trade. I can move to b/e after 30 pip move in my favor or after 100 pips...Thinking behind moving to b/e is pretty simple and practical: once you enter a trade and you're in green - it means the move in your direction began...if this is the case...

Yes, I dont think you'll find better spreds...maybe if you will trade interbank market via interbank participant, you'll get spred of 1-2 pips, but we must be talking about transactions of +1 mio/trade. But when you're on interbank, you dont get "no requoting - what you click is what you get"...

100%

Reusmption of previous trend is always an option, but besides reasons you mentioned, I see faliure to go down last week is indicating we are going to test upside borders. Take a look at 240min charts as well - became oversold without significant move down - this, after recent push upside also...