Luis Carlos Journal

I decided to open this journal to help me to manage better my trading life. It is mean, following my daily charts to catch what I did well or wrong. In this thread I will post one or two times a day what I am thinking about market.

As strategy I use: Elliott Waves, Fibonacci, Resistances, Supports, Chart Trend Lines, Chart Patterns, Symmetry, Correlations, MVA, RSI, Stochastic, Indicators Trend Lines, Divergences, Global Fundamentals, COTs.

As a first graph I decide to show daily EU with two possibilities. I think we go to touch this area (1.2875 - 1.295) and then return to maybe 1.32. Then I need to analize that wave if it is a impulsive or corrective to determinte if we going down again or we go up to 1.375.

IF YOU WIN SOME MONEY WITH THIS JOURNAL SEND TO ME A VOUCHED

For now I am expecting the same pattern as the picture. I think bear people would lose some money to get in with that 1.30 break. Always be patience!

The short term count tell me that maybe we dont go to break 1.30 and just hit it, but some med term bias tell that we are going to break it. Now I got a short 0.3 lot and I need to see unfold the waves to take a decision. Also I will use correlation with UJ. If I see UJ touching 80.6 or 80.0 when EU is in 1.30 maybe I will close the positions, but I need to finish the EW count as well.

Also I am short in UJ, GJ and EA. My target in UJ is 80.00, GJ is 126.6 and EA is between 1.238 and 1.25. In this pair a need more waves to use fib to get a better target, the H&S pattern and count here was perfect.

This is a UJ overview. Now it is moving w3 of the last w5

This a near term UJ view. Now is doing w3 that I see go to hit 80.25/30 then return to 80.60 and finally will get 80. With that I hope we have finished the correction and I will put "all the meat in the oven" and I will buy when I look the opprtunity.

Thanks God I looked the big picture here. I was counting EW as impulve and is a corrective. So If I am Ok, the correction will finish in 1.258 and then we will get more that 1.30. So I will close my position in 1.258. If I am wrong at least I got profits and Ill need to analyze again to find out what I did wrong. I will keep watching this pair to see the opportunity to get long.

I recount EA and I think this is much better, so I will close 1 lot on 1.254 and then I will see if leave the other lot until 1.24 or close it too.

Bullish possibilites!

A perfect ABC retracement should be 1.306, let see if that happens. My target still is 1.2935. Resistance is RSI (50).

I close 1 position on 1.258. A count tell that could be finish the retracement there, but there is a possibility that we are doing wC of abc pattern. So if the RSI break up the channel I will close the other position or I expect hit 1.253.

The move was almost I expected...

This is GJ 30m chart. I think we going to the last wave 5 to 126.60 support. I am closing my position @126.70. So the correction could be completed, if there is not more surprises.

Same as GJ last wave to my target 80.00 or very near. Ill close my position @80.05. If there is not surprises the correction should be finished.

We need to break 10.000 to confirm, but it is looking good!

Yesterday swing was a pain in the ass. I got short in the last support but it was cut with a knife. Now the count is giving me some relief. If there is not an earthquake or something. This should be the way. Target 1.2536 I am putting the limit in 1.255.

Here is a possibility that could hit me. So I dont go to risk as yesterday and I put a ST on 1.263. If the pair going down to 1.255 I will look the oportunity to get long.

BULLISH TRIANGLE!!! I will close all my short position with a lot of angry

EU targets, 1.321 or 1.325