[Gabe2004]

Originally Posted by thalestrader »

Hi Gabe,

Either the charts are blurry, or I have to get my eyes examined. Perhaps it would be better if you zoomed in on sections and perhaps made a few notes, either in the charts themselves or in the body of the post.

I think what you are doing could be a very useful excercise, but is not as clear as it might be.

Best Wishes,

Thales

Sorry but I tried to compress the file too much to achieve a shorter load time on the users' computers.
I won't compress the files so much next time.

PS I looked at the charts again (the last ones with 7 charts) try to explode them to full size. They should be clearer.
As it is, I took Thales's daughter's trades but got out at different points.

[thalestrader]

The EURJPY long would have been stopped for a loss.

[Gabe2004]

Another go at it but in the opposite direction.
Eventually I could not take the heat and closed the second half at a loss.
18 pips net for the 2 trades.

[Gabe2004]

Some more trades.
In the one that lasted the longest the direction was correct but I was sleeping and could not react to the change in direction (lost 17 pips instead of maybe making 23).
The last group of 5 arrows were revenge/hope trades.

[ZenMachine]

Just entered short EURUSD.

Entry @ 1.4390
Stop Loss @ 1.4431
Target 1 @ 1.4334
Target 2 @ 1.4278

-zen

[ZenMachine]

It broke down the level which I thought was a good resistance line, but would not go down.... It didn't move as expected and I exited at 1.4400.

Oh well.

[Gabe2004]

My initial target was the middle purple line but I chickened out and thus left about 100 pips on the table
The second chart shows the peaks and troughs that generated the purple lines.

[Gabe2004]

The following chart shows prior peaks and valleys.
The purpose is to find out, how far back can we llok at peaks and vallyes to have a valid entry/target point.

Any ideas?