Forex War

0710114
Joined the Airforce to bomb down the Army:
USDCAD Down at 0.9792 sltp:30 (tp hit)
USDCHF Down at 1.1800 sltp:30 (be)
GBPUSD Down at 2.0375 sltp:30 (hit sl)
New battlefield:
EURAUD Down at 1.5712 sltp:50 (hit sl)
New Battlefield (joined the Army):
USDJPY Up at 117.44 sltp:30 (tp reached)
New Battlefield (joined the Airforce):
GBPUSD Down at 2.0348 sltp:50, ts:20 (ts reached at 2.0339)
today total pips -11

0710125
1. short eurjpy at 166.37
reason: wolfewave h1 bearish
sl50, tp100.
(hit sl)

2. short eur/usd at 1.4186
reason: break down support
sl30, ts30
(tp reached)

total pips today: -20

lol... you may be joking . but seriously I really think there is a war in forex between some countries... Japan declared a silent economic war to EEUU after hiroshima... and it is working. Now also China can make more damage to EEUU economically than with silly weapons of mass destruction... just some examples...

Long eur/jpy 166.94
Close eur/jpy 167.50
+56
Long gbp/usd 2.0369
new sl: 2.0382
Dinner time. close gbp/usd 2.0428.
+59
today total pips: 56+59=115

1. Short gbp/jpy at 239.05 tp 237.50 (tp reached)
2pips: if down bar closed below fibo-50, it represents strong and continuous downward pressure, in which case, tp should be confidently placed at fibo-100.
today total pips: 155

1. Short aud/usd at 0.8883
half lot closed at 0.8833
another half closed at 0.8864
+50
2. Short usd/jpy at 116.64
0!! closed at be....
3. Short gbp/usd at 2.0314
sl hit at 2.0345
-33
4. Short gbp/chf at 2.4053 (be)
tp1 2.4020 closed half lot
tp2 2.3960
+33
-
today total pips: 50-33+33=50 (but half money value)
2pips:
-sell usd/jpy with floating profit of 40+pips but ended up 0! when price retraced from fibo -23.6, i should've closed half lot at least to secure profit! 'coz it most probably means a strong support at that level! Lesson! used not to give a damn on 23.6 and 76.4, but they r also good support/resistence level, they exist for a reason obviously!
-short gbp/usd at very close to fibo0...stupid!! should've chosen another trade! buy eur/aud! much better chance of higher profit! why din i choose that trade?? 'coz larger spread??? stupid...very good opportunity missed!
-the sell gbp/chf trade...though winning but it's out of make up for the loss of the sell gbp/usd trade...should not be taken next time. it's kinda revenge trade, big risk.
Lesson! dun do too many trades! focus on picking up the best opp. trade! the one i just missed today. and protect my profit!

I like your mindset and everything with the Army vs. Air Force.

It sounds more fun than the old Bears against the Bulls. Good luck!

Thank you pal!
I shall continue reporting the forex war

Today I joined the airforce of gbpjpy to bomb down the army.
The army failed to break up the 238.78 yesterday, and today the army fighted their way up to the airforce's stronghod of fibo.618, where they received fierced attack and ended up lost ground of fibo.5 and .382. My flight joined the airforce after fibo.382 stronghold was cracked down. Our primary goal is to bomb the army to fibo0, which seems to be a very strong base for the army. Now the army is fighting back again to regain control of fibo.382. The commander is confident to defend this stronghold and says tomorrow there'll be more bombers coming. To break down stronghold 234.00 is the phase 1 target.

Continue yesterday's report. The airforce has defended its stronhold at highland 618. Once trapped 200+ tanks, however, during the battle in defending 618, 180 tanks had escaped...only captured 20...
With more bombers joining the airforce, our flight had again trapped 100+ tanks so far. Target is still to break down the Army's base at 234.

234 tp and took rest.
woke up and to my surprise...how weak the army was...lost 234 already...the airforce was so strong that it even break the fibo261.8 stronghold.
Today I don't want to join any force. It's a rest day. Captured 300 tanks, already quite a good reward to me.
sth extra:
1. last night watched snooker grandprix final ronne vs. marco...what a great match, marco leaded 5:1 and then ronne came back 5:5, but then dunno why but he's made some very sloppy moves and ended up lost the remaining matches. Marco Fu made his way to be the champion.
lesson: before head on with ronne, marco has defeated some very strong players incl the world's no. 1 john higgins. it's not easy but he made it, that actually shows a trend, yes a strong upward trend. Follow that trend, it's not surprising that he finally got the cup. Trend is ur friend, follow it.
2. last night also watched F1 brazil. man! also fantastic! can't believe reiknene made it to win the no.1 driver! he's lacking behind hamilton and alsonso nealry 10 points before the drive...but god helped him...hamilton's suffered some extraordinary mechanical/electronic problem with his machine and alonso cannot come no.2, thanks to masa! the probability of reikenen win the annual no.1 is very low but he made it.
lesson: if there's a trend reversal, there'll be some hints, omen. in F1 shanghai, hamilton already suffered withdraw, his car was already in the pit area but stuck in the sand....weird type of reasons for withdrawl...and now this time again in brazil...trend is not everlasting. when it turns around it, like all the vehicals, it makes a u turn, and always leaves some good hints for the smart traders.
Conclusion: trading, like all the existing games, sports, politics, wars, anything, any events, incidents in this world, it obeys certain rules, some rules we know, some rules we don't know but they exist. The higher rule always take over the lower rules. We obey these rules in trading and we win, we against them and we lose, we challenge them and we lose badly. Spot those rules, spot the higher rules and we win handsomely

Today short term trend very strong upwarding while long term trend i'm still looking downward...so difficult decision and better not trade in these times. Trade when the market unveils more of where it's going.

Went to see AP off in the airport. She's going to India. Hope she'll be doing fine there and return safely

GBPUSD Current Winner:
The Army
Battle Suggestion:
Join the Army at:
Now, 2.0496
Withdraw at:
2.0462
Protect at:
2.0552
Target at:
235.09, 235.86

GBPJPY Current Winner:
The Army
Battle Suggestion:
Join the Army at:
Now, 234.09
Withdraw at:
233.55
Protect at:
234.62
Target at:
235.09，235.86

GBP Army is very strong today. Joined the Army of gbpjpy and broke down its airforce base 4 already. Forgot to record.
Below r battlefields I'm still in. There's also one eurjpy battle I joined last week.

gbp/usd expect continue north
gbp/jpy ranging but downward bias, sold another lot, rising now though
usd/cad ranging but continue north, target1 1.07 just bought another lot

man! that was fast! gbp/usd hit my sl, little profit pocketed.
and just short another lot of eur/jpy.
will long gbp/usd again sometime next week.

Lucky Friday. close 1/3 trades. move sl to a little profit below bid. target: when usd/jpy drop to 100.