Piptrain trade journal and performance

4h chart GJ. Weekly pp has been holding up any down moves, and now I am watching again if today can close above or below that 203.50. See the blue trendlines still in play? Interesting..

CCI and ADX pointing to downside, 50ema crossed the 200ema to downside too. I think today's close and weekly close can tell us some things. Still potential for inverse H&S forming if the lower trendline holds..

cheers

4h chart gj. Check out massive consolidation, 200 pip range this week so far between 205 and 203. Interesting how the 50% at 200.70 bounced nicely last week and now 38% at 202.68 is holding perfectly this week. These are the fibs from the low to the 209 peak. FOMC minutes due out in one hour, could shed some light on direction, but with the fibs working so well, and positive divergence showing, I am thinking up to retest 209 area, soon. If 202.60 taken out, then short it is.

cheers

ps:
i wonder if price will spike down to 202.37ish which is the 50% of the last up move and then up?

Again the 38% at 202.68 held overnite and now the move up. See the nexus of the two trendlines now holding, I am/was expecting a bounce down from 206 area but so far, not happening.. Check daily chart and weekly, 208.50 area quite possible tomorrow or early next week. Daily bollinger band and 100ema is sitting there, along with weekly 21ema. WOW. So far, the weekly divergence upward that I pointed out some weeks ago is still working. Since Monday is US holiday, might figure into smaller volume/smaller moves on Friday? Would like to see a pull back to ride the train up. maybe back to 205 area.

Good tradin.

Here is cable daily chart. Beauty quadruple bottom at 1.9350 area and price has been heading up ever since. Getting close to the daily 200ema, the monthly pivot, and the trendline down from 2.1150 peak. I fully expect the trendline to be tested, but not sure if price can break this or not. Weekly bullish divergence on the cci says YES.. Weekly divergence takes a LONG TIME to play out. But interesting that we see the bullish divergence on the GU and also the GJ weekly charts..

AUDUSD, on a mission to the moon. Made all time high at 0.9650 last week and price retraced a bit but seems to want to retest this level. Break of this and then where to? Parity with the USD, I suppose. I have been Long this pair since 0.9300 and will continue to hold unless some price action tells me to cash this in.

The trendline down from 213.00 peak is holding the up move so far. Break of this TL should allow price to head up to the next blue trendline near 207 with ultimate target still seen at 208.50 area. All tf still bullish, especially while price remains above 1H 200ema and 4h 200ema, and daily 50ema. Nice that oil is backing down to help the up move.

The huge spike up on the 4h cci on GJ could be a sign that the up move is exhausting. CAUTION with longs. Next couple candles should tell us something..

Trendlines continue to show us the way nicely.

This TL near 207.30ish could continue to pose big resitance for awhile. Depends on news and dow moves today now. Still looking for 208.50 area target for longs.

Will be very interesting to see today close. I am watching the daily 100sma and 100ema...

cheers

Daily GU chart. Check the inverse H&S building now, neckline is at 1.9840, also the monthly pivot there. Could be super trade for LONGS, if price breaks that level. I will be watching and will want to see break and retest before entry LONG. Must be watchful of the daily 200ema and the trendline just above this area. Could see a retest then of the previous peak at 2.0375 area for a final target. Last time I spotted an inverse h&s on daily, it was violated for about 400 pips down, which ultimately formed the quad bottom. Lets see what transpires.

GJ hit target from a few days ago for the long at 208.20, today's R1. 4h appears to have closed above the trendline, but now we must see if the resistance at 208.50 area will hold or create another top..

curious about the 4h cci spike and possible negative divergence here.... time will tell.

Wow big move in GJ Sunday and monday early back to the major trendline. Larger gap is circled, not filled. Will it fill? Might not, but usually does....lets see..

Now price sitting on the trendline, which is also 38% of the last up move. The massive cci divergence played out in a big way down. I missed this move . If price breaks this trendline and remains below the 1H 200 I can think about continued shorts... but could be tough for now. 4h 200ema back in play too. may stand aside today for now, will advise..

need to see how this trendline will hold or not.

cheers

4h GJ chart. 50% of the up move at 204.50 held nicely and so two long trades today for +97 and +62. Price has since retraced nicely and if 207 is taken out then I expect that the gap from sunday will be filled, price should retest the 209 area. I would like to see the cci now climb back above the 0 line for this scenario to happen. Time will tell.

Here is potential head and shoulders pattern on 4h GJ, marked in blue. Neckline is 204.50, this area has been super tough to break for days. Break down and price could head to 200 area.

The head and shoulders pattern identified on GU daily some days ago has failed downward, so potential for GJ to follow GU down further.

This morning I scalped a +39 on GJ long off the support. Standing aside now for better confirmation of direction.

Price retested the right shoulder at 207 this morning and pulled back for the rate news coming out now. Break of 207 and the H&S pattern fails, and 209 high should be retested, otherwise the down head & shoulders is still valid..

Took a +30 L on gj this am. I have closed all trades now, prior to NFP tomorrow. sleeeeeeeeeep..

4hour chart. Curious about price with this trendline here.. So far 4 trades this week for +149 pips. Longs and shorts. I keep eyeing the daily 200ema for a target this week..

4h ADX indicator is showing possible large move coming soon. I have alerts set to catch it.

cheers

What is your bias for the pending large move??

Lovely how the bull flag is forming. A break of the high should see continued up move to 212 area.

Price has been ranging between the weekly M4 (209.74) and weekly R2 (210.73). Break below 209.50 can be good for shorts.

cheers

my apologies for not seeing your question. my bias remains UP. the ADX indicator will confirm the direction of the larger move when either the red line or green line jumps up above the dotted yellow line. since the green line remains above the red line, the bias is for UP.

cheers

this triangle on 4h gj will have to break out at some point, but when? check how this is similar consolidation to the one that happened in May prior to some nice moves. truly, price can go either way. i still have some UP bias, but will wait at this point for charts to tell me.

yesterday traded a gj L for -40, and a gu L for +69
today trades 2 gj L for 0, and +2

so now i wait for some direction.