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  1. momoNY

    Forex price action trading

    Stopped at 1.2448, I knew I lost sync. The first trade I made where I lost $500 is the most stupid one I made in a long time. It looks like this is a downturn on my account I have to take it easy, and trade very safely. The last trade was an ok one even though the pattern has a lot to be...
  2. momoNY

    Forex price action trading

    Here is the chart
  3. momoNY

    Forex price action trading

    Went back short at 1.2419 stop 1.2448, target 1.223. We have a descent double top there.
  4. momoNY

    Forex price action trading

    Playing it safe here, closed one position for 4 pips pofit and moved my stop on the other entered at 1.2442 to 1.2448.
  5. momoNY

    Forex price action trading

    The pic.
  6. momoNY

    Forex price action trading

    Added one more position short at 1.2442,targett for both 1.223, stop 1.2473. Average price on both is 1.32. We should go down from here, otherwise shit! It may go into range bound trading again for a week or more!
  7. momoNY

    Forex price action trading

    It did happen, need sometime off. Stop triggered at 1.2436, for a total loss of 96 pips ~$500 loss; it was so stupid to add another position for a weak setup like this one. This was gambling nothing else. In fact here is where I should have shorted, a test of the trendline, too impatient; I am...
  8. momoNY

    Forex price action trading

    Here is the chart:
  9. momoNY

    Forex price action trading

    Changed my stop to 1.2436. Add another position at 1.2393, same stop, same target. I have to confess that I am getting off sync may be. Tomorrow th low at 1.2357 should be broken otherwise we may go a little higher (past my stops) Edit: Target 1.2308
  10. momoNY

    Forex price action trading

    Short 1.2383 stop 1.2398 target 1.2333, too risky but small risk.
  11. momoNY

    Forex price action trading

    You can trade volume, it behaves like euro, it is very predictable. There is also taxes in case I make money, futures are taxed around 23% Forex I think is taxed at 33%. I traded CL at one point I lost my shirt, very nervous instrument!
  12. momoNY

    Forex price action trading

    Closed the last position at 1.2370 for 200 pips profit, i.e. a $1000 profit. Waw! reached the challenge in almost a week!!! It is exceptional obviously. The market tomorrow will break the low 1.2357 and then may go up (if not, then it is really weak) then come down the day after. We will short...
  13. momoNY

    Forex price action trading

    Hi Vas62, Well, it looks like it is the path that every trader takes! Hope your are green a long time ago. For oanda frankly, I did not configure it and don't know how to do it! They use upper/lower bound to trigger stops, but for limit orders they should trigger them when the lower/upper...
  14. momoNY

    Forex price action trading

    ES is a bitch, It was mainly what I traded before, but you need a substantial account to trade that. I would say at least $5000 for every contract, otherwise you'll go broke. I may reopen my account at IB if my account in forex gets to $10,000, that's my objective actually.
  15. momoNY

    Forex price action trading

    Thanks jl. I am surprised as well, I feel like I am doing something illegal or something! This is my first year of winnings, my account went down to $350 believe it or not, just last year. But from time to time when I am depressed I can lose it all!! So far I am keeping a discipline of a...
  16. momoNY

    long term position trading -primarily etf's-

    This one I would take it the same way as you, good stop, never be cheap!
  17. momoNY

    Forex price action trading

    I think the market in general will tank next week. I just read China cut rates, that's a bad news in reality, the market cheers to screw the impatient and the newbies. It is very likely to be very red next week.
  18. momoNY

    Forex price action trading

    Sometimes I feel like I am the one who dictates the market direction! Hope it lasts. Closed one position at 1.2425, for 140pips profit or $700. will leave the other one until my challenge is reached. I will reenter short at any sizeable pullback. I shouldn't close it, it is very weak it may go a...
  19. momoNY

    long term position trading -primarily etf's-

    I wouldn't go long yet! If there is anything you can do here, is to wait and short this higher unless there is a confirmation of the resurgence of the up trend.
  20. momoNY

    Forex price action trading

    I thought about it seriously! It may trigger a probe probably. I will try to do it just for the fun.
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