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- ChinoCop replied Oct 4, 2010
Possible break out?
- ChinoCop replied Oct 4, 2010
Didn't see this one as I was busy with my other trade . Good for 100+ pips
- ChinoCop replied Oct 4, 2010
Couldn't help it took some profit at 114.221. Going to bed. Good night!
- ChinoCop replied Oct 4, 2010
Stop moved to breakeven. Wedge has broken on the 15min. Initial take profit is 113.898
- ChinoCop replied Oct 3, 2010
In on E/J. Let's see what happens! Since this is against the trend I'm going to be watching this like a hawk and might cash out as it might bounce back to this level again after a retrace. This might need a while to top out unless something dramatic ...
- ChinoCop replied Oct 2, 2010
Looks like E/U has gone parabolic which coincides nicely with a possible double top. I'm keeping an eye on it.
- ChinoCop replied Oct 1, 2010
No trades for me today and done for the week. Here's a weekly report ... trying to get better at this trading thing . Will do homework over the weekend to plan next week's trades.
- ChinoCop replied Oct 1, 2010
Channel within the wedge
- ChinoCop replied Oct 1, 2010
Are we close to another round of intervention on JPY?
- ChinoCop replied Oct 1, 2010
Another ascending wedge on E/J 15 minute
- ChinoCop replied Oct 1, 2010
E/J broke resistance. Looking for the Psych, 4 Hour and 38.2 to act as support. Will be looking for longs in that area. Looks like the next major level of resistance is the highlighted oval area. That would be a nice place to look to catch the break ...
- ChinoCop replied Oct 1, 2010
I hate to sound tinfoilish, but this is just a reminder to myself that during the US session I need to be careful playing long Yen or Dollar spots as the markets' marching orders are dictated by the Fed and US government.
- ChinoCop replied Oct 1, 2010
Damn, two bad trades last night. I was trying to play the channel break on E/J and had two losses. I should have waited for the lower boundary of the channel to intersect with a price level. I hate giving back gains. Oh well, on to the next trade. ...
- ChinoCop replied Oct 1, 2010
Possible break of E/U 15 min channel?
- ChinoCop replied Sep 30, 2010
Today's move broke the bottom boundary of the G/U channel. I'm looking for a kissback of the trendline or the daily price level and fail for a short entry.
- ChinoCop replied Sep 30, 2010
One good trade. One bad trade: this is what happens when you rush into a trade without proper planning. I understand why traders need to be numb when trading, win or lose. Being emotionally invested in your trades will kill your trading career.
- ChinoCop replied Sep 30, 2010
Ok, my target on the E/J 15 minute wedge break was off by 50 pips . I need to be a little bit more careful on my analysis. I entered a long on the touch of the bottom of the wedge on the 4 hour chart at 113.285. I got lucky that my stop held by 1 ...
- ChinoCop replied Sep 30, 2010
Looking for an entry on E/U.
- ChinoCop replied Sep 29, 2010
Ok, wedge broke on the 15 minute wasn't at home to take it. Hopefully, it will hit my target. There's a 38.2 Fib around that area so that makes a good place to look for longs to ride E/J back up.
- ChinoCop replied Sep 29, 2010
Here's the next trade I'm looking at. I'm going to wait for the break of the wedge to enter.