Monthly Archives: July 2010

Positions

“what you do is  you take your risk which would be total account x 30%, then take that number divided by your stop, that will give you positions.” From chatroom

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From the chatroom

80% of the time, frankfurt opens, has a 20-50 pip push, and at the bottom, top of that push, will be our trade. Frankfurt opens at 2 AM.  yeah, i have a trade placed between 2-4, and i just let … Continue reading

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Larry Williams

From his book, read and learn: -trade day of the month -correlations between markets -OOPs -Greatest Swing Value indicator

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USD/JPY

Tonight I entered a trade on the USD/JPY.  I went long after a bullish engulfing pattern.  The price went up and I exited early because I was making a pizza.  Got $15, but could have been a lot more.  What … Continue reading

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2 Trades, 1 Hammer, 1 Doji

Today I entered two trades and pyramided both.  I got in the first trade after a doji, which followed an uptrend, was confirmed by a long bearish candle.  The secon trade came after a hammer (which is a strong reveral signal) that negated … Continue reading

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Things to read up on

-Candlestick patterns -Money Management -Stop-Loss/Pips- how to work this out on the platform

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Bullish & Bearish Engulfing Patterns

After observing the charts for the past few days, it seems that bullish and bearing engulfing patterns are good places for me to enter trades.  I can definitely make profits from just entering at these spots, if the past few … Continue reading

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