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A hi at 1.2695 is in the working! I may add to short and lower the stop to 1.27 by the end of the day!

Short at 1.2688 stop 1.2741 first target 1.2588 second 1.23

Closed trade at 1.2680 (impatient!). Looking to short with a stop at 1.2740, I expect the euro to tank here and break the recent low; it depends on today's action. Will try to short at 1.281 if it gets there, otherwise at the end of the day if it shows an indication of turning down. 1 trade...

Moved stop to 1.2611.

There is a bounce in the euro here, but it is not too convincing. I would be surprised if it goes beyond 1.2740. I move my target to 1.27, if it gets here I exit and look to get short with a stop at 1.2741. If we do not go beyond that level in the next two days, we will break the recent low to...

The day you go out to buy a bottle of milk and a militia guy asks you to return home wear something else; people will realize how dangerous this cancer is. It has left 200,000 dead in Algeria, but those are Africains who gives a shit; when secular muslims ask for assistance and help from the...

Hi All, Been here many times, many journals just turned the corner hopefully, very hopefully actually! Usual pattern of a wanabie, lost my shirt in stocks then futures, now playing it safely with EUR/USD. I trade medium term, from one day to two weeks. I look at 15min, 1h, 4h, 1 day, and weekly...

I second that. Been there and had the same cut :( But if the guy wants really a career in programming then the advice given about c# is really a very good one. Not to land a job at a hedge fund, cause 90% of them require C++, and not basic stuff but almost wizard level (everybody now is...

Macha, Just curious, why do you think this is a bear market and not a correction? To me it is a correction, the daily trend is still up, we need to break 1281 to signal a change of trend. Anyway if you trading 5 minutes, you shouldn't care if it is a bear a bull market. Every time I come in...

What you saying makes a lot of sense. Sometimes you need feedback or at least listening ears, so that you can organize your knowledge as you say. Ti grasp a subject of study, the best way is to make a presentation, it is a little bit like that. I think I need to find trader around, to chat...

What is the point of your question? I don't get it.

Long 1328 out at 1330.25, I'll have only 2 points targets, we are already +24.

No trades so far. I made one overnight trade Short 1310.25 stopped out at 1312.5. The ranges contracting, so I'll be trading most likely 2 contracts with 1.5 stop.

Chart:

End of the day: Took 9 trades, two of them were rally not valid trades, missed that would have made a difference. Come back to green after a last trade. $101 for the day trading only one contract. Here is the chart and blotter:

In your case, the strategy is the problem. Put as many hours as I put watching price, you'll see that there is order in the chaos. Find what works for you. I don;t understand how can you be fundamentally correct and technically wrong??? Can you elaborate more on this?

There is no useless advice coming from anyone, as long it comes from someone honest. You re right, there are few trades I shouldn't take, also in a chop, I'm confused. Sometimes the plan says short and long at the same time !! I need to fix that. But again overtrading is my biggest problem...

There are many ways to find support and resistance, you could use fibs, pivots etc.. and combine all of them. From all the burnings I went through, if I keep looking at previous resistances, I tend to justify my emotions. I found it more controlling and rewarding if I look no farther than the...

emg, I hope I used to be a gambler, right now I'm an undisciplined trader.

My whole strategy is based just on that. I determine where price shouldn't (high probability won't) come back, then I put an order based on my risk tolerance that was 1.5; Apparently the ranges are expanding I need to change it to two points minimum. If price comes back I'm filled otherwise I'll...