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yea, I think I am getting in the flow with simply a 5 minute chart and the 20EMA on it...

done with trading today and this week... **hey, to finish in the $ blue is great...even if small $ blue **3rd straight day finishing in the $ blue...yee haw!! **been focusing on SF & CAD (a little bit on the YM, more as seeing what US market is doing) **really trying to focus on price action...

hello...you wre correct...here was my answer to NoDoji... "it was still blue when I entered...why enter then?...have seen that during ec news releases, the abnormal spikes usually have not much validity, so, wanted to ride it down...it went down alright, just not as fast as I thought and I...

done with trading for today but...looking at the YM...I am so wanting to go short at the noted level...man, looks like the YM is gonna go down at least another 50-100 points?...we'll see...

SF trades where entered when breaking current support levels...you could tell it was just 'wanting to break down' and it did...

wow...wild day trading today -9 points on CAD +12 points on SF (glad SF has an extra $2.25 per point value more than CAD)...so finished up +$ today, slightly... Actually more disappointed in the CAD loss than the SF win...'knew' CAD was going to fill the gaps from ec news and...it...

it was still blue when I entered...why enter then?...have seen that during ec news releases, the abnormal spikes usually have not much validity, so, wanted to ride it down...it went down alright, just not as fast as I thought and I bailed because then I thought was gonna move up...

I am actually going for 10 to 20 points per trade...would you still consider I use a 1 minute chart or just a 5 minute if going for 10-20 points only, really

for these CME Globex currencies they are $6.40 r/t...I know some say that is too high...for me, I think it is great especially considering I am really after only 1-2 very highly profitable trades per day...

thanks spd...I am really starting to get it that all that matters is...price action!!!...this is great stuff thanks...I need to study out that 'pounching through' the 20EMA principle...

sorry...here is the chart attached...

interesting day in the SF...the 12pm move was the Swiss fed dude speaking...filled/closed the early move down gap...

lot of good stuff here...helpful...couple things: 1-I bailed quickly because the retrace did not happenas quick as I thought and I was concerned with another huge move up 2-yes, forgot to mention that YES, I normally would had jumped right back in out of frustration and then...got run over for...

thanks Man...yea, had noticed that at ec report times the SF or other currencies tend to spike up or down beyon 'reason'...goood for and immediate retrace entry...what am I learning?...that I can in fact begin to trust my reasonings for my entries...not just random 'jump on in entries'...thanks...

thanks NoDoji...really thanks..I think I am at the 'critical level' of letting my 'rules and technical' trading overcome the 'hating to see the red p&l' rule....it is interesting that you thought it was a 'low risk entry zone'...I took the profit because the retrace did not happen as fast as I...

no, these are the rules as of right now...so, a successful trade...albeit it small...really liked the entry...heading towards being more defined in my entries

yes, "I guess I do"...probably not the most articulate yet but, they are more 'visual' based on what I understand so far about the SF various price levels and price action...

at +75 point profit!!!!

yea, I seem to be favoring the SF & CAD...also, check this out...no way!!!..right entry...wrong exit...

I actually feel my confidence growing with trading the CME Globex SF & CAD...I did enter at the right time but, just obviously did not have the total confidence to ride the profit train...at least had a correct entry...learning