fOcuS @ EUR/USD

i think 15m formed head and shoulder for the short term retrace before hit 15400 again >< dont want to see my pips get out of the pocket...

close my current position, profit 120 pips. happy ending....

06-11-08 analysis

price had been kick back from previous price construction with fib ext 127 target full fill right at 15450 price.

because of this, price jump up to 15550 and get consolidate for a while.

for the trade of the night, i will looking forward to see price jump up again to 15650 because of 15550 is acting as support now. it good chance to look for long position.

15600 become resitance level, position fail to break up.

now, price down to 15400, because of 15300 and 15400 area is a major support from monthly chart, i will see if there is a bottom formed in order to have new uptrend move kick in.

short position open

o 14550 / sl 15550 / tp 15350

target price fib ext 127 is not complete yet.

as the result, price might going down to complete the current price wave.

price target fullfilled. profit 97 pips. ^^

good ending for the weekend.

new position open before the end of the trade.

this is a great opportunity for the long entry.

twizzer bottom formed in 4h chart after fib ext 127 target price completed.

the expectation target is 200 pips up to 15500

o 15372 / sl 15250 / tp 15500

moving down target price last night due to downtrend concern in daily chart.

result of this trade profit 74 pips.

06-16-08 My Journal of the day

15500 reached. if pull back to 15450, next expectation will be 100-200 pips of 15550 or 15650.

if pull back to 15400, it might only hit 15500 again then we go from there for short??? maybe.....

anaylysis update

since price 15450 been hit yesterday as a short pull back, the price hit again 15450(almost) this morning.

this mean 15450 support become a very important price line, plus we havnt reach our target price yet(127 or 1618), so expecting 15650 (1618) will hit for the next up move.

position open
15507 / 15446 / 15646

looking upward move for another 200 pips. (from 15450 to 15650)

I will follow your Thread!

appreciate your attention !! ^^

nice thread

good thread bring money in. i hope i can be one of it to benefit more people one days. ^^

thanks for ur support.

Analysis update.

15450 hold by previous price construction.

trendline kick in place

target price is not fullfill yet. never ever think about reverse to short trend at this point.

price is just reverse at bottom of price by twizzer bottom and head & shoulder pattern with target price fullfilled.

position closed. profit 23 pips.

due to risk is too wide, i decide to close it in highest pt for profit and enter the next retrace for the bigger long target.

i use to trade timeframe higher then h, but for now, nothing to do in there due to consolidate, so i decide to full around same concept in lower timeframe. here is the result,

the target 127 fullfilled is where i close my long for 23 pips few min ago.

Analysis update

The pattern had turn from triangle into chanel now.

Now, who can tell me where are we going?

Analysis Update

15572=fib ext 127 1st target reach yesterday.

price still in the buy zone above 15450.

if there is bottome confirm, our next target is 15650=fib ext 1618 for 2nd target.

if price cant hold, it will goes down to 15400 at least. because it our previous price construction. could give support to price.

open another long yesterday to aim my 2nd target.

something not right about the uptrend. i closed my long for 59 pips lost.

i am going to take a closer look to analysis the trend again.

complicate thought got wired up.

day is in sell zone.

4h is in buy zone.

h is in sell zone.

more pull back for 4h b/4 it make top in order to resume day down trend move? let see wat will hapen next week....