TA Forex Trading

Morning guys.

Kermit......glad to see you back and blowing off your hit.    Personally I don't trust myself to interpret the chart accurately enough to expect my gains to be so much better than my losses that I can take losses, so that's why I always add to my losers until I can get back to even and usually profit before finally closing out the loser (turned even or profitable)    No stop losses for me.    Not unless or until I can prove to myself that I will always have far greater winning initial entry trades than losers.   

I'm also not aware enough, insightful enough, or therefore comfortable enough to trust my opinions or anyone elses biased proclaimed opinion on world affairs and how they will definitely play out in the forex markets.     Like Heavy, I leave that to the guys out there that are truly in the know.   

I look for extended price movements to end and reverse only and if I'm wrong then I just wait impatiently sometimes and then add to my loser position.   It has always worked out for me so it truly is a high odds plan.     Though I'd love consistent high gains, I just need consistent gains, not good ones with the odd huge loss to keep me in my comfort zone.    I don't have the stomach to close out losing trades anymore.   Too demoralizing and it keeps me at a disadvantage emotionally.

Pennies.........I think your TDI wave 4 focus on all the different pairs is going to prove to be the true ATM result approach.    I'm really glad to see it!   

Heavy......when I fund my account I'll let you know and I'll welcome your P messages.    As a pretty new stock trader I didn't realize it, but ADOT really was a rare one for the degree of bounce.    There have been others, but that was my only one.     Just before CMKX was being pumped, there was a gay media company which I didn't trade, but I watched it trade from .0001 to .01 (a full penny a share) on far less volume then CMKX so I felt very good about my CMKX odds when I came across it, but after CMKX popped to .001 and then died, never to see even .001 again, I then trusted nothing but volume and the pump, but not the .01 from .0001 odds any longer and with little trust even in that.    And so it has probably always been from the beginning of the trading of the penny stocks.

Still looks like Ucad is setting up to roll over soon. Still expecting oil to spike as Ucad and the other Cad pairs fall.

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I'm with you there Jav. Can't win them all and same for forex. That's why I hate leaving money on the table. I take my profits and screw the rest. Sometimes I miss out but profit is profit. That's how I look at it. Pennystocks just gives me another revenue stream. Right now the bread and butter is forex. I stare at those charts more than anything.

BTW...Remember the ticker I pointed out last week? BLDV? Check that chart out......

http://www.stockscores.com/quickreport.asp?ticker=bldv&x=13&y=10

I'm up 50%...and counting

Goodluck on it-yep pennies were fun--as i said WAMA was my ATM machine-don't think it trades anymore at least not under that sticker

I couldn't find it Jav so I'm not sure.

ACAD Daily Chart

It's make or break time here gang. If the trend line holds and if this is really a TDI Wave 4 completion level, the sell off will be intense. If not, it will break the top trend line and head towards 1.05 or so.

All we can do is follow the technicals. It either is or isn't.

If its accurate, then the TP level will be much lower. I'm aiming for 0.97 as a primary target for now.

UCAD Daily Chart with EW Count

Possible elliott wave correction count.

If this is accurate, UCAD will roll over hard to the downside.

Ucad is in danger of tipping over hard here after hitting 1.37. Watch it close.

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