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MW's trading journal

  • #1,101
  • Jun 30, 2008 3:02pm Jun 30, 2008 3:02pm
Quoting mike w
Hey Warta, that's an excellent view for the gbp right now, and actually the same as mine. I'll be using this to trade the pair, as it's the same view as mine, just a lot cleaner. thanks Warta! How have you been my friend?

hey ma man , tkx alot for ur support am not more than a student in ur school am gona play it soon but waiting the bounce from the 5 sma
otherwize bro hows ur life and ur health ? miss u alot bro really .
well my operation in the 27th of jul hope everything can be ok , o u will find me again between u or never so pray for me bro i have nother choice
anyway am happy and tkx god for everything
but be sure if everything will be ok i will send u an invitation to come to france for a vac bro i would like to meet the ppl i like and respect and u r one of them
my best regards bro and wish u trillion of green pips
cheers
  • #1,102
  • Jun 30, 2008 3:27pm Jun 30, 2008 3:27pm
Quoting warta
hey ma man , tkx alot for ur support am not more than a student in ur school am gona play it soon but waiting the bounce from the 5 sma
otherwize bro hows ur life and ur health ? miss u alot bro really .
well my operation in the 27th of jul hope everything can be ok , o u will find me again between u or never so pray for me bro i have nother choice
anyway am happy and tkx god for everything
but be sure if everything will be ok i will send u an invitation to come to france for a vac bro i would like to meet the ppl i like and respect and u r one of them
my best regards bro and wish u trillion of green pips
cheers
Hey Warta, I give support where support is due and you deserve it my friend. Life's going good for me, and I can only hope the same for you. You've been in my thoughts a lot lately with that...everything will come out ok for you. Your a good person and your outlook is excellent with it. I'd gladly come for a visit sooner or later too, I've never been to France!

Cheers to you Warta!
I dream, therefore I become.
  • #1,103
  • Jun 30, 2008 3:55pm Jun 30, 2008 3:55pm
Quoting mike w
Hey Matt, how goes it brother?

I hope everything's good for you man, I haven't heard from ya in a while!
Hey Mike!

The tax office and I had a minor clash for about a month and I needed to focus a bit more on that ... more than I wanted at least, but now all is good. Seems I calculate taxes a bit better than that new black widow that is coping with my reports now, LOL. But in fact she took it quite easily after it really defunded into her brain!

I hope you have and had no such problems! Nice new photo in your profile, though I sort of miss the old one. Maybe I am just traditional again!

Looking into your journal on a regular basis, so please be not mistaken - I am here a lot!!

Keep it up & see you around!
Ciao bro!
Matt
  • #1,104
  • Jun 30, 2008 4:53pm Jun 30, 2008 4:53pm
Here's the daily eur/jpy chart, which is looking good for that hedge long while waiting for a better shorting opportunity. I'll hold this until solid 4 hour bearishness comes into play.

The eur/usd is looking good for a small retracement downwards as well based on the daily.

The usd/jpy has a screaming bullish pin in no man's land which is setting up for an excellent long trade.

The usd/chf is setting up at the bottom of a range zone on the daily as well.

The gbp/jpy is also setting up for bull mode of off support.

I plan on taking the usd/jpy, already in the eur/jpy, usd/chf, and gbp/jpy. I don't see where the euro would tank all that much so I'll just stick to the others.
Attached Image (click to enlarge)
Click to Enlarge Name: daily eurjpy hedge.gif Size: 16 KB
I dream, therefore I become.
  • #1,105
  • Jun 30, 2008 5:55pm Jun 30, 2008 5:55pm
Quoting mike w
Here's the daily eur/jpy chart, which is looking good for that hedge long while waiting for a better shorting opportunity. I'll hold this until solid 4 hour bearishness comes into play.

The eur/usd is looking good for a small retracement downwards as well based on the daily.

The usd/jpy has a screaming bullish pin in no man's land which is setting up for an excellent long trade.

The usd/chf is setting up at the bottom of a range zone on the daily as well.

The gbp/jpy is also setting up for bull mode of off support.

I plan on taking the usd/jpy, already in the eur/jpy, usd/chf, and gbp/jpy. I don't see where the euro would tank all that much so I'll just stick to the others.
Hi Mike,

As usual, great work my friend. Very good analysis on all of the above. I am actually short gu right now from 9950 and targeting 9820. I may tp early on this one as it is against the trend but I think a retracement is due before pushing past the 2.000 zone. I am looking to long in the 9800 area depending on price action there....

Anyway, Good luck on your trades this week bro and thanks for your vouch, I appreciate it very much.
Patience + Discipline - Greed = Success
  • #1,106
  • Jul 1, 2008 1:19am Jul 1, 2008 1:19am
Quoting Infinity
Hi Mike,

As usual, great work my friend. Very good analysis on all of the above. I am actually short gu right now from 9950 and targeting 9820. I may tp early on this one as it is against the trend but I think a retracement is due before pushing past the 2.000 zone. I am looking to long in the 9800 area depending on price action there....

Anyway, Good luck on your trades this week bro and thanks for your vouch, I appreciate it very much.
Just a quick update on this one...... I closed for 30 pips after the last failure to breach 62ema and also better than expected cable news....flat now...
Patience + Discipline - Greed = Success
  • #1,107
  • Jul 1, 2008 12:14pm Jul 1, 2008 12:14pm
Well, the trades from yesterday are still on and it looks like we'll see the close as an IB on the daily. I'll still be riding these out until they either SL or start to move.

On another note, the gbp/chf is lookin nice and purty for a drop on the daily if we see a close like this.
Attached Image (click to enlarge)
Click to Enlarge Name: lookin purty.gif Size: 16 KB
I dream, therefore I become.
  • #1,108
  • Jul 1, 2008 12:16pm Jul 1, 2008 12:16pm
Quoting Infinity
Just a quick update on this one...... I closed for 30 pips after the last failure to breach 62ema and also better than expected cable news....flat now...
Excellent man! Nice trade and good thinking on closing if you weren't sure about it. Looking at the daily now, I'm thinking we'll be seeing 1.98 too just like you were saying. The weekly 5 sma is around 1.9770 so that'll be giving it a little push for us to hop in and start building.
I dream, therefore I become.
  • #1,109
  • Jul 1, 2008 12:18pm Jul 1, 2008 12:18pm
Quoting Gnat
Hey Mike!

The tax office and I had a minor clash for about a month and I needed to focus a bit more on that ... more than I wanted at least, but now all is good. Seems I calculate taxes a bit better than that new black widow that is coping with my reports now, LOL. But in fact she took it quite easily after it really defunded into her brain!

I hope you have and had no such problems! Nice new photo in your profile, though I sort of miss the old one. Maybe I am just traditional again!

Looking into your journal on a regular basis, so please be not mistaken - I am here a lot!!

Keep it up & see you around!
Ciao bro!
Matt

Lol, I understand completely! The local hicks run my tax office, it's a shame really haha Thanks for the compliment too! That's my girlfriend in there with me, I'm trying to teach her how to trade now- in for a lot of headaches I think! haha jk

Hope to see you around and chat a little bit! Have a good one Matt!
I dream, therefore I become.
  • #1,110
  • Jul 3, 2008 6:44pm Jul 3, 2008 6:44pm
I"m adding a short to the eur/jpy positions now. The usd/chf kicked me out for a stop below the pin. The usd/jpy and gbp/jpy longs are still going good, but I don't plan on holding them very long. The gbp/jpy long still hasn't really moved yet and I've placed my stop below the initial IB after that pin to reduce risk in the position.
I dream, therefore I become.
  • #1,111
  • Jul 6, 2008 5:54am Jul 6, 2008 5:54am
Hiya Mike I was thinking that the UJ would be bullish this week ,what with the daily pin on last Monday and the potential weekly tonight.I see your not thinking of holding your long position ?
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy weekly.gif Size: 57 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,112
  • Jul 7, 2008 10:26am Jul 7, 2008 10:26am
What an excellent journal Mike. And what a superb attitude you display. Humility, kindness and openness. Truly inspiring.

I'm new to Forex and I've been reading and learning and demoing over the past couple of months. People like you, karmo, and the much missed auslanco have provided much motivation and inspiration for me.

I've read and re-read several threads on here, and will soon be reading the material on the james16 private forum. There really is a wealth of wisdom on here and some very exceptional people who are willing to help sincere and dedicated newcomers.

So thanks again, I'm going to be pouring over your thread some more and absorbing the lessons of your journey.
  • #1,113
  • Jul 7, 2008 2:22pm Jul 7, 2008 2:22pm
Quoting Bones
Hiya Mike I was thinking that the UJ would be bullish this week ,what with the daily pin on last Monday and the potential weekly tonight.I see your not thinking of holding your long position ?
hey Tone, hows it goin man? im keeping the longs open for now, but you have to notice that monthly bar that formed up that, to me, is definitely bearish. On the first sign of bearish daily close, i'll be closing out the positions. sorry the post is so sloppy, im on my phone because im on vacation. hope your tradhng and everything is going great!
I dream, therefore I become.
  • #1,114
  • Jul 7, 2008 4:36pm Jul 7, 2008 4:36pm
Do ya know what Mike I did see the candle and the res above but thought the open and close was above the last (on mine anyway) so did give it too much weight.

Your right though it dose look bearish and I see your concerns with it.

Actually really glad I asked the question as it reminded me of how you take the lead from the monthly.

Thanks for taking the time out of your vacation have a great one

Tone
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy.gif Size: 38 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,115
  • Jul 7, 2008 7:31pm Jul 7, 2008 7:31pm
Quoting Bones
Do ya know what Mike I did see the candle and the res above but thought the open and close was above the last (on mine anyway) so did give it too much weight.

Your right though it dose look bearish and I see your concerns with it.

Actually really glad I asked the question as it reminded me of how you take the lead from the monthly.

Thanks for taking the time out of your vacation have a great one

Tone
Hey, Sure thing man and thank you! I finally got hold of a computer by sneaking into the college here at CCU LOL That's a shame really. Anywho, That's exactly why I'm concerned about those positions and will definitely be closing soon. I'll be posting some updates on the eur/jpy and other pairs here soon. BTW, I'm calling in and adding to the gbp/usd position that I've set up now. The gbp/jpy pin bar finally broke to the upside I see, but it's still consolidating at the moment. Probability is for it to break to the upside. The eur/jpy is heading up from the pin too, so I'm going to be adding to that position as well.

On another note too, did you see the daily eur/usd? That's looking good for a long opportunity, which only adds to my thoughts of the eur/jpy longs. The gbp/jpy is in the same boat for the moment, with that monthly bar looking to be heading upwards (gbp/usd). I'm not really looking to put much weight into the positions during the rest of my vacation, but I figure I can at least pay for it while I'm here! lol

TiaForex, Thanks for your wonderful post. I really appreciate knowing the fact that I could be of some help to you, which is great! I'll be in touch when I get back home from here.

To everybody else reading in, have a great week ahead, best of luck in your trading, and good luck in the rest of your endeavors. See ya next week ( who am I kidding, I know I'll be back here tomorrow) haha
I dream, therefore I become.
  • #1,116
  • Jul 7, 2008 10:16pm Jul 7, 2008 10:16pm
Quoting mike w
Hey, Sure thing man and thank you! I finally got hold of a computer by sneaking into the college here at CCU LOL That's a shame really. Anywho, That's exactly why I'm concerned about those positions and will definitely be closing soon. I'll be posting some updates on the eur/jpy and other pairs here soon. BTW, I'm calling in and adding to the gbp/usd position that I've set up now. The gbp/jpy pin bar finally broke to the upside I see, but it's still consolidating at the moment. Probability is for it to break to the upside. The eur/jpy is heading up from the pin too, so I'm going to be adding to that position as well.

On another note too, did you see the daily eur/usd? That's looking good for a long opportunity, which only adds to my thoughts of the eur/jpy longs. The gbp/jpy is in the same boat for the moment, with that monthly bar looking to be heading upwards (gbp/usd). I'm not really looking to put much weight into the positions during the rest of my vacation, but I figure I can at least pay for it while I'm here! lol

TiaForex, Thanks for your wonderful post. I really appreciate knowing the fact that I could be of some help to you, which is great! I'll be in touch when I get back home from here.

To everybody else reading in, have a great week ahead, best of luck in your trading, and good luck in the rest of your endeavors. See ya next week ( who am I kidding, I know I'll be back here tomorrow) haha
Hey Mike,

Great analysis as usual bro.... Both the cable and the euro are looking good right now.. I think cable will retest the broken tl once more @ around 9685 - 9700 before heading up towards 2.00 and above. Euro is looking sweet as well.

Anyway...enjoy your vacation bro and remember, when you are on vacation, take your mind off work bro....leave the computer at home, don't look at the charts......lol.

Good luck to you bro and take care....
Patience + Discipline - Greed = Success
  • #1,117
  • Jul 11, 2008 9:37am Jul 11, 2008 9:37am
Quoting Infinity
Hey Mike,

Great analysis as usual bro.... Both the cable and the euro are looking good right now.. I think cable will retest the broken tl once more @ around 9685 - 9700 before heading up towards 2.00 and above. Euro is looking sweet as well.

Anyway...enjoy your vacation bro and remember, when you are on vacation, take your mind off work bro....leave the computer at home, don't look at the charts......lol.

Good luck to you bro and take care....
Yo Mikey,

What a week. I hope you are enjoying your vacation bro and I hope you left those trades running. Have a good weekend bro...
Patience + Discipline - Greed = Success
  • #1,118
  • Jul 14, 2008 8:24am Jul 14, 2008 8:24am
Quoting Infinity
Yo Mikey,

What a week. I hope you are enjoying your vacation bro and I hope you left those trades running. Have a good weekend bro...
Hey Infinity, thanks! I just got back in today and am ready to get started again. Update on the trades, that weekly short got stopped out for a loss, although I hedged it and went long based on the dailies....I'm not sure what convinced me to go short on that in the first place- I think I was just anxious for a trade and I didn't make the gains that I would have because of it.

The gbp/jpy has gone nowhere, which means I'll be playing the breakout when it happens on the 4 hour chart.

The gbp/usd trades are scooting right along and we should be seeing those higher highs coming into play soon so I can take profit lol

The usd/jpy trade went well although I never took the profit on it and so it's coming back towards my stop at +1 now. After I look at it a little bit more, I may just close it out. I'll be looking for more trades now.

BTW, if anyone still remembers that pin on the usd/cad from june 9th- check out the charts now. I, however, got knocked out of that position by playing it aggressively at break even.

Have a great day and great trades everyone!
I dream, therefore I become.
  • #1,119
  • Jul 14, 2008 10:48am Jul 14, 2008 10:48am
I've just placed a short order on the cad/jpy based on the 4 hour chart showing a bearish bar. This is playing in suit to the double high lower close on the daily charts. My stop will be right above this last 4 hour bar at 106.10.

Entries were in the 70's.
I dream, therefore I become.
  • #1,120
  • Jul 14, 2008 10:58am Jul 14, 2008 10:58am
Check out the eur/cad pin bar coming up. looking good and I'm planning on trading it long on the close.

Trade was opened at 1.6012 off the pin for the aggressive trade and I'll open another on the break of the pin at 1.6021.
I dream, therefore I become.
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