Feist Beginner Journal

JPY- Nothing change. Waiting for the daily candle to form to complete the confluence. A breakout may soon happen..maybe waiting for the news tomorrow...

CHF - Sideline. A interesting note...Fozzy has pointed dwn may be it will go dwn w/o touching the UTL but i will only enter a trade with PA. Indicators are mainly used for confirmation or sign of divergences at times.

PA for GBP has reach a important resistant. A break of the resistant should mean bullishness for the cable. The area came out after reading the weekly,daily and 4hr.

Resistant area:2.049-2.0573

Today there will be no orders except open orders. All hv adjusted their SLs to break even or to impt SR.

Good prosperous to all!

To confirm it i took a look at 4hr. Happens to be where all the impt MAs are. Will wait and see what happens later.

The 365MA and TL has held. Major resistant holds at the moment...

After this week, all trades will be just demo trades as i be in holis mode. Will be in the market to watch price movement.

Happy Holidays. Good propserous to all!

EUR/USD-Long
GBP/USD - Sideline

JPY - Sideline.

Went long against my trade journal (wrote over the wkend but yet to entered online)

I wrote in my trade journal " wait for bullish bar/candle or signs of bullish support".

BUT I didnt follow and entered, basing it on SR and also hughly influenced by trade calls in the chat room i read...

Discipline! discipline!


Results: -21pips.

Price reading done over the wkend.. (this time i failed to follow my plan.)

Charts are before the market open.

JPY.

Update

Will be looking for signs of bullishness in EUR and GBP along the confluences( with caution (0.1 lot - just to keep reading price action)).

GBP did not break away from my near term shrt channel so the bear may still be in. If it breaks lower my mid term long channel my long bias will change.


EUR + GBP
- PB forming??? let wait and see.

GBP - Closed GBP for 50pips.
EUR - 365ma in 4hr charts. although the PB looks attractive.

Updating backdated charts

Updating backdated chart

Missed an A setup over the holis. Shall wait for the next A setup.

Cable is at a critical juncture with major confluences. If price hold, there be a good upside potential. If not it will cfm a trend change..Market emotion is a short based on mthly. Will wait for PA to see if price will hold.....

Cable. Looking to short with the weekly engulf candle forming.

PB forming?? Leaving EUR untouch for now i reading mixed PA. Maybe the weekly engulf is screwed like all last wk candles as it holis... If so i shld start looking for shorts.

Long @ confluence

PB didnt worked out. Order not filled.