TA Forex Trading

Long EJ at 117.01 for a bit.

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kermit........listen, I am seldom able to take near perfect short term entry trade positions and I am more often than not early in my entries on the longer term chart time frame as well, so for me it's a case of always being in the red on my initial position until price finally makes it back to my entry which sometimes takes two or three weeks.    So I try to keep my risk low enough to accommodate a huge move against me, which allows me to add later for a double down position at some overextended price action point, and then take profits as they present at fresh price action zones, or points of support/resistance and try to wait long enough to make them count for at least a 2% profit on those later trades in the same pair I entered too early in.     

I simply can not consistantly trust my own "chart interpretation" well enough to take large risk trades more than occasionally and even then I never have the courage to let them ride long enough to potentially realize gains greater than that measly 2% or so.    I should file for some kind of mental disability, cause I definitely come up short on mentally evaluating ideal short term entries on the forex chart.   

I've taken days, weeks and even months off and still no appreciative improvement in interpretive price action prediction accuracy.     As long as I can keep from taking positions that are wrong for months worth of days against me, that might leave me vulnerable to blowing my account, and so far I have been able to avoid doing that, so I'm not going to change anything that I'm doing for now, other than spending whatever emotionally positive free time I can find to try and improve my skills at interpreting price action.   

I don't know how you trade, but you are obviously much better at it then I am, but unless I knew and saw the chart exactly as you interpret it then I can't possibly see your kinds of gains.    Now if you would post your trades as you take them along with explaining your interpretation of the chart, then I might begin to learn to trade as you do, but maybe not too.    But, you may not be able to mention everything you see, or communicate it in a way that I can fully understand.      And, I may very well still see what I would normally see and put more conviction in what I am seeing over what you are seeing.   

Yep Heavy with the other pairs like EU and AU poised for topside runs, I think we'll see more of that type of action for a while. Nice call on that one.

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I took a little over 1% profit on a couple trades today. Gonna let the remainder ride and see what we get the rest of the week. Headed out so I'll catch up later. Everybody have a good one.

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Long AU @ .7504

I still get caught flatfooted...often Kermit. I'm just glad I was able to get in on that one.

Took 43 pips profit on the EZ long.

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