WHAT Forex Target Traders SEE: We are currently sitting @ 1.2501. We can clearly see a 5 wave downward movement is completed and should see a abc correction to the upside. I like a movement to the .214 Fibo @ 1.2711 and then get bearish. We could also range this week which would shorten the range to the .382 Fibo @ 1.2620. …Continue
Added by Scott Barkley on June 9, 2012 at 4:10pm — No Comments
What ProAct Forex Target Traders See: We are currently sitting @ 1.3099. We are definitely bearish from here having broken the former Day chart trend line. Due to the lack of a second or third lower high I have used the Day chart trend to show the down move. The EURUSD is building a nice bear flag after the bounce on the -0.270 fib extension. The initial downside targets are the S5 @ 1.3016 to -0.618 Fibo @ 1.2946 and overall target is the S6 @…Continue
Added by Scott Barkley on April 7, 2012 at 9:00am — No Comments
WHAT Forex Target Traders SEE: We are currently sitting @ 1.3270. We are looking to become bearish from here. The EURUSD is in a sideways move on the day chart and there are much better opportunities in other crosses. The initial downside targets are the 0.382 Fibo @ 1.3183 to 0.618 Fibo @ 1.3114. The average daily trading range for the cross currently is 112 pips.…Continue
Added by Scott Barkley on March 24, 2012 at 2:40pm — No Comments
I want to share with you some results and tell me if you think these would be considered professional grade, or highly impressive to say the least;
110% gain for 2011
124 Trades, 74 winners, 50 Losses
59.67% Accuracy Rate
Largest Win: $14,360
Largest Loss: $8,180
Max Win = 43% larger than Max Loss
Max Consec. Wins: 16
After getting in a small moto accident, along with the internet blacking out on the peninsula, I am back at the Zion Mainframe on the hunt for trades again.
Here is the latest Price Action & Ichimoku Trade Setups Jan. 24th.
Look forward to your response.
Added by 2ndSkiesForex on January 24, 2012 at 11:47pm — No Comments
Currently we are at 1.2992. The cross is still showing lots of bearish signs and we are approaching a critical area on the 240 chart. A bounce on the Down Trendline coincides with the .382 fibo and would start wave 5 to the downside starting at the 1.3458 top. Down target is the .618 Fibo and S6 @1.2944. A break of trend line north has an immediate target of the 1.3050.The average daily range for the cross is just 89 pips.…Continue
Added by Scott Barkley on December 30, 2011 at 4:53pm — No Comments
Just a few days ago, I was talking to someone named Marshall. His dad is the head of a major investment firm which manages over $1Billion. We are in talks with his fathers firm about investing with our fund and Marshall was the first person we were talking to. We got into a really good conversation about the psychology of risk and some great things came out of the conversation. But first, we are going to start with a question;
Have you ever heard of a hedge…Continue
When I am not trading, or preparing for trading, I spend a lot of my time watching professionals, particularly high-level professionals. I find watching any high-level professional in any field gives me tremendous insight into being a professional, how to operate at a high level, and how I can improve my trading.
This week I had a buffet in studying…Continue
Added by 2ndSkiesForex on November 8, 2011 at 12:25am — No Comments
Before anything else, preparation is the key to success.
-Alexander Graham Bell
Many times I talk to my private course students and ask them what they do to prepare for the day's trading. These are the general responses I get;
-Drink a cup of coffee, maybe two
-Check out what announcements are coming out
-Look at the markets and then get ready to trade
And it ends about there. To me, this is somewhat shocking. Perhaps…Continue
Added by 2ndSkiesForex on November 6, 2011 at 10:50pm — No Comments
Yesterday was the most interesting class at the range in the last year and a half. Not because it was the last class before I move to another country, but because of the exercise we practiced for an hour and a half. It required an absolute sense of awareness with one's technique, feeling and positioning, but it required something else. It required one to go against temptation.
One of the key qualities you will find behind all successful people (across all fields of work and craft) is a 'willingness'. A willingness to take full responsibility for their efforts, actions and results. A willingness to take ownership of every step along the way from training, to the process, to daily actions and the…
Added by 2ndSkiesForex on October 18, 2011 at 12:16am — No Comments
Our new site is live along with our new Forex Trade Setups on the AUDUSD and USDCAD. To learn more, check out our link Forex Price Action Setups Oct. 10th.
Added by 2ndSkiesForex on October 11, 2011 at 12:43am — No Comments
Yesterday was my first day back at the range in a week. I had some problems with my shoulder so was resting it, but yesterday it felt better. Even though I've been shooting for over a year now and won two competitions, there is still a lot of work to do.
I was shooting decently consistent to start off yesterday...scoring a 10 (perfect), a 9 (in the gold center) and an 8 (red - one level off from the gold center) for every 3 shots (round) from 18m which =…Continue
Added by 2ndSkiesForex on October 6, 2011 at 3:17pm — No Comments
Added by 2ndSkiesForex on October 3, 2011 at 5:30pm — No Comments
Added by 2ndSkiesForex on September 27, 2011 at 11:54pm — No Comments
Added by 2ndSkiesForex on September 27, 2011 at 12:40am — No Comments