Bullrocks' live trades - daily analysis

Hi

I've decided to start a new thread. Will post here my naked chart analysis and live trades.

I will start with the USDCHF.

Regards
BR

I have opened a long position in USDCHF. The rationale behind it I have figured out we have a descending triangle on the weekly chart which is a bullish pattern, a double bottom and a strong support, the blue line. On the daily we have an outbar which is also a stromng bullish signal.

I have attached the weekly and daily charts.

At times I might be completely wrong. I have dedicated this journal to my live trades and my naked trading learning process . All of you who dare to read it have fun.

Oh I forgot this bit. We have a bullish Gartley pattern on the daily chart.

My other favourite the NZD alias kiwi...
This starts to look as bullish to me. Looking at the bullish pinbar. We will se how it develops. There was a successfull beraish gartley pattern. I will post the pic later. The blue line is a support area.

The Gartley on NZD.

Current trade

USDCHF
Long @ 1.17746 SL @ 1.15800

NZDUSD
Long @ 0.7462 SL @ 07362

I will continue later with the GU and EJ maybe the USDCAD.

To wrap up. These are the currencies I will concentrate:

NZDUSD
EURJPY
USDCHF
USDJPY
USDCAD
GBPUSD
EURUSD

Sometimes GBPJPY and AUDUSD. But the first is too volatile and the latter is too slow. But you never know. So sometimes I will concentrate on other currencies too.

What I think about EJ actually is quite out of my mind. I seriously think that this one can collapse to the bottom of the channel currently at 151 - ish. Look at the weekly and the daily chart. I think that there is at least 1000 pips downwards possibility. Anyway I am short in this one since two days now when it broke the trendline on the daily chart.

Here comes the GU. A real beast. Managed to wipe out a chunk of my account today. Bah. Whatever. I fell in love in my long positions. Shit happens. So here it is. I am completely clueless. The weekly upward channel is intact sofar. So the trend is bullish. Also the dowfall today has been stopped buy the bottom of the flag or horiontal channel. So I think this is a good place to buy however I would be cautious. I am out of this one and I do not take position.

You can see two longs in the previous those are demo trades not my live account. The trades I post here are live, real fund trades.

The USDCAD. I seriously think this could be promising soon for a long. I would wait though whether this bottom holds on the weekly chart. I have highlighted a similar situation on the weekly. On the daily the trendline has broke. The overall sentiment is long for the dollar and the dollar index shows bullish signals too. I would say someone with high risk capabilities could go long here. We will monitor this one for a long.

Fantastic analysis Bullrock. I am looking at your trade ideas and they seem very good to me. As for your thoughts on the Eur/Jpy, I think it will fall as well, but I will wait for the next daily bar to affirm my thoughts of it. This next 4 hour bar, for me, could be of importance as well. I will post a chart of it in my journal.

Thanks mike_w. I have doubts regarding EJ but I am short since two days and has +200 pips. Had more but thats life. I would wait to go short here though as you said.

Eu.

Short? NAH!. Long? NAH!. Not yet. First the trendline with greater angle should be broken and even better if the second tremdline is broke too. The I could traget the bottom of the channel currently at 1.3565. The bearish gartley pattern and its fullfillment is the first warning. Long i sdangerous at the moment. The price is very close to the top of the weekly channel. I have a very bad win/loss ratio here. So no trade. I look to go short.

Current positions

long gbp/usd @ 2.03730
short usd/chf @ 1.17611
short eur/jpy @ 162.583
long aud/usd @ 0.89027
short eur/usd @ 1.41834

I decided to reverse my CHF position despite my analysis yesterday due a resistance trendline.

I will post the pic of the trades when they have been closed