Simplicity Forex Journal

i don't know which subforum to post this in (or if it's even allowed), but i've finally done it -- i've made a forex blog. i'll be posting my trades there as well as on this thread, mainly for constructive criticism/identifying weaknesses. currently i have 2 trade ideas up.

check them out: http://simplicityforex.blogspot.com/

Here are two charts that caught my attention today. The first 4H EURGBP chart. We see the trend reversing from up to down, forming a triangle along the way. This is usually a continuation pattern, so I would expect this pair to go down in the next couple of days. Potential gain is about 130 pips (about 128 if you include the spread).

The other chart is the hourly chart of the EURAUD pair. It looks like this pair is heading straight towards a resistance zone, where most of the time you can expect a bounce. Potential gain is roughly 50 to 60 pips, and the broker I'm using (Alpari UK) has an 8 pip spread on this pair, so it's really between 42 and 52. This would mean that my stoploss will have to be only about 14 pips below the resistance line, which is a bit tight.

2 trades closed (uploaded real-time on my blog):

BUY EURAUD: +63 pips
SELL EURGBP: -19 pips

Today's yield: 44 pips.

Very impressive result overall with the net pips gained. Keep it up.

sorry about the dead thread, everyone. my internet's been down for about 2 days now (and it still is).