Beginner's Life in the jungle

back..
entry remain open

U/J Long 106.76 s/l at 106.26 target 109.74
G/J Long 207.98 s/l at 204.98 target 217.50
G/U long 1.9456 s/l at 1.9380 target 2.0100
G/U long 1.9441 s/l at 1.9241 target 2.0100
G/J long 206.80 s/l at 203.80 target 217.50


be back next week to check thing's out

all the channel remain intact...
bias UP for all three pair... adjusted s/l for minimizing risk exposure

this occurred after 4:30 news
entry remain

U/J Long 106.76 s/l at 106.26 target 109.74
G/J Long 207.98 s/l at 204.98 target 217.50 closed for +14
G/U long 1.9456 s/l at 1.9425 target 2.0100
G/U long 1.9441 s/l at 1.9241 target 2.0100
G/J long 206.80 s/l at 207.00 target 217.50
G/J long 207.50 s/l at 207.00 target 217.50 x2
G/U long 1.9450 s/l at 1.9425 target 2.0100
G/U long 1.9458 s/l at 1.9425 target 2.0100

U/J breaking 107.40 on daily bar then it will lift off

change s/l level on all g/u to 1.9500 and change target on G/J on 1 position to 210.74
updated chart on G/U.. if 1.9600 hold then became a great support because that a phsyco level and daily r2 coincide
target for G/U 1.9678 1.9720 if 1.9725 break and 1.9950
for g/j 209.40 act as a new based now and targeting 210.40 211.05 and 211.94 weekly r1
U/J.. weekly pivot act as a based now.. first target is 107.40.. 107.40 break and hold then 107.84, 108.26 and a kiss at 109.80
trade running

U/J Long 106.76 s/l at 106.26 target 109.74
G/U long 1.9456 s/l at 1.9500 target 2.0100
G/U long 1.9441 s/l at 1.9500 target 2.0100
G/J long 206.80 s/l at 207.00 target 217.50
G/J long 207.50 s/l at 207.00 target 217.50 x2 first target 210.74 forget 210.74 i'm being greedy lets take 217.50
G/U long 1.9450 s/l at 1.9500 target 2.0100
G/U long 1.9458 s/l at 1.9500 target 2.0100

g/j 209.40 still act as a based now
g/u 1.9544 act as a based << weekly pivot
U/J weekly pivot still act as a based at 107.05
all trade are still running
adding 1 position for G/U at 1.9581 s/l at 1.9520 target 2.0100
pinbar is forming on 4h g/u and i think retracement completed in 1h
remaining entry
U/J Long 106.76 s/l at 106.26 target 109.74
G/U long 1.9456 s/l at 1.9500 target 2.0100
G/U long 1.9441 s/l at 1.9500 target 2.0100
G/J long 206.80 s/l at 207.00 target 217.50
G/J long 207.50 s/l at 207.00 target 217.50 x2
G/U long 1.9450 s/l at 1.9500 target 2.0100
G/U long 1.9458 s/l at 1.9500 target 2.0100

the news came out and it's great for
the dollar BUT this is also a great news for carry trade i think...
so... currently declining G/U i suspect it's just a retrace...
so looking for another entry for g/u..
g/j is Buy G/U and Buy U/J so is either G/U is stalling and U/J skyrocket or g/u and u/j will maintain the current uptrend to support this uptrend condition for the carry trade (g/j)
set a buy stop order right on 1.9581 s/l at 1.9521 target for 2.0100
updated chart after the news


G/U
upper trendline still intact even after the news. so upper move is still in the making a break of 1.9636 and hold there would be setting the next target at 1.9773

U/J
resistance at 107.53 has been broken if the current condition maintain and 107.53 hold, next target is 108.53 and 109.80 for our final target

G/J
if 211.90 hold and the next target is 213.50 after that being take care of then our final target of 217.50 is in the make

remaining entry
U/J Long 106.76 s/l at 106.86 target 109.74 free ride at +10
G/U long 1.9456 s/l at 1.9500 target 2.0100 free ride at +44 G/U long 1.9441 s/l at 1.9500 target 2.0100 free ride at +59G/U long 1.9581 s/l at 1.9520 target 2.0100 G/J long 206.80 s/l at 207.53 target 217.50 free ride at +73 G/J long 207.50 s/l at 208.03 target 217.50 x2 free ride at +53x2=106
G/U long 1.9450 s/l at 1.9500 target 2.0100free ride at +50 G/U long 1.9458 s/l at 1.9500 target 2.0100free ride at +42

PENDING ORDER
Long G/U 1.9581 s/l at 1.9520 target 2.0100

profit booked currently = 382 pips... not bad.... not bad at all

buy entry is adjusted at 1.9595 s/l at 1.9535 t/p 2.0100 after this one

all entry remain open but i having second thought here... men if u have 2000++ pips profit you will gonna have second thought... ok now lets re-assess current situation...

G/U
1.9735 must be breach before we continue to move upward.. 1.9735 is daily r2 and 61.8 fib on the daily time frame.. 1.9735 breach and hold then GOD know where we heading next either our final target at 2.0100 or more.
assessing the stop loss changed to 1.9600 if that level is touched then we break the current upward trend line showed in the chart and also is below the current daily pivot

U/J
currently as i type U/J is on the move to the area 38.2-61.8 fib of the weekly..so our last hurdle will be 31.8 fib of the weekly that is 108.58 if that is broken than last target of 109.74 for the stop loss renewed to 107.88.. below the current daily pivot and trendline than already breached

G/J
a daily bar closed above 213.50 is the indication that price will heading the retracement zone of 38.2-61.8 and our final target of 217.50 for stops renewed to 209.00

entry remaining

U/J Long 106.76 s/l at 107.88 target 109.74
G/U long 1.9456 s/l at 1.9600 target 2.0100
G/U long 1.9441 s/l at 1.9600 target 2.0100
G/J long 206.80 s/l at 209.00 target 217.50
G/J long 207.50 s/l at 209.00 target 217.50x2
G/U long 1.9450 s/l at 1.9600 target 2.0100
G/U long 1.9458 s/l at 1.9500 target 1.9650 closed for 192 pips
G/U long 1.9581 s/l at 1.9600 target 2.0100

pending order
G/U buy stops at 1.9660 s/l at 1.9600 target 2.0100

profit booked currently = 382 pips+192=+574 pips

ok that's it for today....
what a beauty.... i love it what a trade plan goes my way
tomorrow probably i'm gonna closed all trade depend on the situation

all entry are closed with a total profit of +2461 pips with a detail

U/J Long 106.76 s/l at 107.88 target 109.74 closed at 107.88 +112
G/U long 1.9456 s/l at 1.9600 target 2.0100 closed at 1.9685 +229
G/U long 1.9441 s/l at 1.9600 target 2.0100 closed at 1.9685 +244
G/J long 206.80 s/l at 209.00 target 217.50 closed at 212.39 +559
G/J long 207.50 s/l at 209.00 target 217.50x2 closed at 212.39 +489x2=+978
G/U long 1.9450 s/l at 1.9600 target 2.0100 closed at 1.9685 +235
G/U long 1.9581 s/l at 1.9600 target 2.0100 closed at 1.9685 +104

profit booked early is 574 pips total profit= 2461+574=3035 pips for the entry made on february 7, 2008

G/U


a pinbar is expected for today so i suspect this day is gonna be a start of a retracement day for G/U AC Stoch indicator also support the idea, possible target for the retrace is 1.956-1.9580 in 3 -4 days time. believing that today will be a pinbar then the weekly candle will surely closed as a bullish candle that will bring inner bar formation candle in play so consolidation will probably in play for the next week...
however ac stoch indicator for the weekly is still very bearish and a daily forming a retracement i say 1.956-1.9580 level will be breach to the downside


the following requirement is necessary for supporting bearish bias for next week... 1.956-19580 is breached then 1.9330 breached then GOD KNOW where will be the bottom for the G/U

if a rejection pattern is occurred on 1.956 -1.9580 level then uptrend still continue.

i put a small size short for g/u at 1.9680 s/l at 1.9750 target 1.9550
here's the chart

U/J


u/j probably is heading back to 107.10-107.30 level but the weekly biased for u/j is still bearish because the rejection pattern has already occurred last week.. but near term 107.10-107.30 level is possible because that level is not breaking an uptrend trendline like in the chart

placed a small short at 107.80 s/l at 108 target at 107.20

daily bias short
weekly bias long

g/j


with near term bias for g/u and u/j bearish that will bring g/j in bearish mode also.. this is supported by the ac stoch indicator and also pinbar that form on the daily possible target is 209.80-210.20 level. weekly bias is long after a confirmation candle for the pinbar is forming this week.. if this week is closed by a bull candle then confirmation for the pinbar is set.. then bias for next week is bull

placed a small short at 212.29 s/l at 214.29 target 209.90
also a pending buy order at 209.90 s/l at 204.90 targeting 217.50

all entry closed

result u/j stopped out -35
g/u closed for +62
g/j closed for +96

overall +123 pips for entry dated 15 feb 2008

g/u long at 1.9636 s/l at 1.9550 target 1.9750

biased for g/u next week changed because i see a probability of a inner bar forming in the weekly.. and probably gonna form on a triangle that would put a very interesting setup could happen.. a breakout in the weekly would probably very lucrative... but for time being 1 hour chart show a rejection pattern with a pinbar and confirmation candle form... temporary target for g/u is 1.9750

u/j long at 107.65 s/l at 107 t/p at 109.71

rejection pattern occurred on the trendline and fib 50% on the last moved up (red fib) retracement complete and bias long intact because price is moving in the upper area of 38.2-61.8 retracement on the daily fib (blue fib) ac stoch indicator also pointing north... heading for the weekly rertacement area at 109.71

with g/u up and u/j up that mean g/j up also

long g/j at 211.31 s/l at 210.00 t/p at 217.50 with a possibility of a second target at 223.20,that was a major resistance line of the last support for a head and shoulder formation

g/u stopped out for -136 because stop are modified to 1.9500 earlier

adding entry g/u at 1.9494 s/l at 1.9294 tp1 1.9955 tp2 2.0235

remaining entry :
g/u 1.9494 s/l 1.9294
g/j 211.31 s/l at 209.31
u/j 107.65 s/l at 107

back from business trip...

entry all closed
did not count the result but modest lost occurred..
updated on the chart is
triangle appeared on three paired on the daily chart it could takes weeks to break but before that...

set position on the break and playing the inner triangle

that's all

order triggered
short g/u at 1.9665 s/l at 1.9865 tp at 1.9100
short g/u at 1.9660 s/l at 1.9860 tp at 1.9455
at based of the trendline hope this triangle broke soon

u/j triggered

short u/j at 107.00 s/l at 109.00 tp at 104

triangle been broke and re entry attempt has been made in the hourly chart as shown

short g/j at 210.99 s/l at 213.50 tp don't have one yet maybe 200

U/j triangle already broke and G/u on top of the triangle. conclusion is g/j have a high probability to break the triangle after that maybe g/u will follow.. will add order if everything is a okay...
have a nice weekend all

short g/u at 1.9665 s/l at 1.9865 tp at 1.9100 stopped out
short g/u at 1.9660 s/l at 1.9860 tp at 1.9455 stopped out
short g/j at 210.99 s/l at 213.50 stopped out

running entry
short U/J at 107 s/l 109
short g/j at 211.75 s/l at 213
Short g/j at 208.70 s/l at 213
short g/u at 1.9891 s/l at 2.0
short g/u at 1.9863 s/l at 2.0

G/U
all entry before are closed for +20 and +50

there is an uptrend building up.. waiting a pull back to enter... weekly AC indicator signaling and uptrend.. but the daily sting in a down move, waiting for a reversal on the daily than jumped in

entry made at 1.9848 s/l at 1.9648
pending order at 1.9816 s/l at 1.9616

initial target would be 2.02 50 fib of the weekly

U/J
weekly almost reach the first target of the weekly fib at .-23.6% black fib
and the signal is down and AC its in a red bar and forming a classic pullback

on the daily
second target at -38.2 fib (blue fib) is reached if in a few days there is a pattern of a reversal then we could draw a new fib until then it's down