DislikedGBP/JPY has so far broken the trendline support and closed below it so it will be interesting to see how it goes today.
Stops are all at BEIgnored
Have a good weekend all
RT
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DislikedGBP/JPY has so far broken the trendline support and closed below it so it will be interesting to see how it goes today.
Stops are all at BEIgnored
DislikedGBP/JPY 2 x shorts Ave 200 pips. Already took some profit after NFP delivered.
AUD/USD 1 x shorts Ave 90 pips and SL at BE.
It feels good to be back.Ignored
DislikedClosed some positions over the past few trading days. AUD and GBP USD crosses closed and have gone long. GBP/JPY have added some shorts
So
GBP/JPY short x 2 Ave 134.88. First position at BE, second with smallish SL
GBP/USD long x 1 Ave 1.5587. Position is at BE Stopped out
EUR/USD long x 2 Ave 1.2867. Stopped out for a small loss
AUD/USD long x 1 Ave .8982. Stopped out for a small loss
RTIgnored
DislikedUpdate time
Still have the shorts on GBP/JPY which have been stellar to say the least. ave position up around 500 pips
Have added 2 EUR/USD shorts. Both where around 10 pip risks with SL now at BE and positions lightened somewhat.
RTIgnored
DislikedI hadnt realised that it had been so long since I had actually done anything in this journal so I figured I had better add something for anyone who actually cares lol.
I have had a good couple of months since Aug and that last post, however I cannot make comment on it as I cannot remember the outcome. I have been focused mainly on my home land trades for the past month or so with a few trades in other areas namely EUR/USD and USD/JPY.
I thought while here I would post my thoughts to perhaps this week ahead. I have been patient over the past...Ignored
DislikedTrade I did take.
GBP/CHF Short off the 4 hourly IB. It wasnt the strongest of reasons to enter. We had separation from the 5 EMA, quite noticable divergence, a ton of highs/lows at this area, 50% retrace (2nd) and the Inside bar was my trade.
Got short and had to wait until today to get the moves south. Got my first target area which were the previous highs around 1.5820 (took 60% off at 1.5833) and move the last to BE.
Daily we have now PP at 5500 and 5400 which we need to get through. I have a trade now at the top of a swing that could...Ignored
DislikedClosed out final position at 220 pips.
Now looking at the wedge that has formed on the GBPJPY 4 hourly. Notice on the 2nd chart the last 4 bars are all inside a mother bar and have all formed (apart from 1 which was slightly outside) successive Inside Bars.
Poised for a breakout which I will be targetting a small position for the initial break and a 2nd position if we get a retest after the break. SLs will be roughly 50 pips total but will judge market activity for this. Take profit for longs and shorts will be 1:1 for half (if 2 positions are...Ignored
DislikedWell I was glad to see that we had a false break to the downside which missed my entry by 5 pips (thanks also to GFTs larger than normal G/J spreads), had it been with Oanda I would have been in short. Got strong rejection from the underside with a pin close before smashing through the top. Profit of 70% was taken at the 200EMA which is also at past PZ. I moved SL to BE after the 50 pips was made but allow the trade to run based on the momentum of the move. I have taken 70% off to cover the loss of the AUD/NZD which past a tightening SL. I tightened...Ignored
DislikedClosed the remaining position 20 pips shy of 131.00 BRN. This is also a very strong PZ with numberous S/R flips throughout. Represents the 50% retrace if the swing and I am now considering short options depending on what happens here.
RTIgnored
DislikedShort 130.96 SL 131.26
Got my tight signal of the 15 min chart (aggressive again with 1%) for a number of good reason. Just going to set an alarm now and head to bed.
RTIgnored
DislikedShort AUD/JPY. Hourly IB of rejection of 82.00, above 5 EMA, hourly and 4 hourly divergence. Needs to pass the past B swing high which is very close to have a chance lower. Will monitor action and see whether to cut short or let it work.Ignored
DislikedWell it has been a great 2011. While it has been over 12 months since I posted here I have been around the tracks, visiting and reading some great threads and catching up time to time with some people on Twitter.
I didn't trade as actively at the start of this year but I started a small challenge for myself at the beginning of September and it has been a very good period for me. I must thank some great people and their threads. Up until around July/August I was struggling to understand something that I was seeing, well not so much struggling...Ignored