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MW's trading journal

  • #1,281
  • Nov 4, 2008 7:44am Nov 4, 2008 7:44am
Quoting mike w
Closed out the longs for 1000 and now shorting and holding over the weekend based on this QQE cross down. Entries were at 160 and 158.58 (I know, odd number- it's a taboo thing.)
We just saw the daily 5 sma and so I'm thinking more downside to be conitinued as we are still trading below the 4 hour gann line.

Btw, my previous shorts were closed at 155 for 500 and 350 respectively. Back in at 158.25 for a short.
I dream, therefore I become.
  • #1,282
  • Nov 4, 2008 8:02am Nov 4, 2008 8:02am
Quoting mike w
I'll be updating later tonight after my hockey game. The weeklies are looking great! Have a good night everyone.

From the looks of it, I'll be shorting the euro, pound, and aussie.

Nice one on shorting EUR and AUD. It went down again, esp. the time when RBA (Aussie) cut rate by 0.75%
  • #1,283
  • Nov 24, 2008 11:18am Nov 24, 2008 11:18am
I've just entered a few shorts on the eur/nzd based on the dblhlc on the 4 hour chart at 2.36 in addition to my shorts from 2.38.
I dream, therefore I become.
  • #1,284
  • Jan 8, 2009 8:20pm Jan 8, 2009 8:20pm
Happy New Year Mikey!! I wish you all the best for 2009 bro! I hope you start posting in you Journal again soon..

Take care...
Patience + Discipline - Greed = Success
  • #1,285
  • Jan 29, 2009 6:52pm Jan 29, 2009 6:52pm
Yes happy new year Mike I'm kind of getting withdrawal symptoms now????

On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,286
  • Jan 31, 2009 3:52pm Jan 31, 2009 3:52pm
Quoting Bones
Yes happy new year Mike I'm kind of getting withdrawal symptoms now????

Thanks Gents! I'm hoping the same for you too! How's everything been for you lately?

Yeah It's been a while since I've posted anything on the forum. Lately it seems that everything that I would post up is already being discovered and not needed. When a solid trade comes around, every (profitable) trader sees it coming a mile away. Anyway, I'll post up a few throughout the week if they come about. Truthfully though, I don't trade the lower timeframes as much as I used to as I don't need to (which is why there's not much to post about anymore). A solid trade will net anywhere from 5 to 10,000$ on the dailies and weeklies- waiting and being patient for them to come about is the only difficult part.

In the meantime, I've been in a eur/usd trade for 3 days now based on the pin and retracement. Excellent entries after it retraced at 1.3206 and lower into the 1.31's. Partial profit has already been taken off the table and the rest are running with the stoploss in profit.
I dream, therefore I become.
  • #1,287
  • Jan 31, 2009 5:32pm Jan 31, 2009 5:32pm
Great Mike I'm glad its going good ,longer TF's less time at your computer

I Like It!

What do you think about the Aud looks weak to me,now so dose the NZD but I'm thinking it may hold up compared ....
Attached Image (click to enlarge)
Click to Enlarge Name: 1 -audnzd daily 31-01.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,288
  • Jan 31, 2009 5:41pm Jan 31, 2009 5:41pm
Quoting Bones
Great Mike I'm glad its going good ,longer TF's less time at your computer

I Like It!

What do you think about the Aud looks weak to me,now so dose the NZD but I'm thinking it may hold up compared ....
looks like an evening star pattern.
+ check out this fib retracement and fib expansion.
Attached Image (click to enlarge)
Click to Enlarge Name: an.gif Size: 18 KB
  • #1,289
  • Jan 31, 2009 5:46pm Jan 31, 2009 5:46pm
Looks pretty forceful to me Pkimnyc + weekly agrees
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,290
  • Jan 31, 2009 5:56pm Jan 31, 2009 5:56pm
Quoting Bones
Looks pretty forceful to me Pkimnyc + weekly agrees
  • #1,291
  • Jan 31, 2009 6:00pm Jan 31, 2009 6:00pm
Aud Rate cut coming too
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,292
  • Feb 7, 2009 1:50pm Feb 7, 2009 1:50pm
A ha ,took a little hit on that ,never realised how choppy this pair is ,lol
Anyway worked out the Aud direction in the end,
Look Forward to your return to Journal action tho Mike ,only now I could benifit more from your posts as Ive moved on to other pairs ,lol
I know it takes a lot of time…..

Quoting Bones
What do you think about the Aud looks weak to me,now so dose the NZD but I'm thinking it may hold up compared ....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 31- aus usd daily-breakout - 6-2-09.gif Size: 23 KB
Click to Enlarge Name: 38-aud-usd , daily -7-2-09,,6-2.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,293
  • Mar 14, 2009 10:36am Mar 14, 2009 10:36am
Alritey, I'm going to be getting back to this journal like I used to. For this week, the usd/cad has my attention with a weekly beovb off of the 1.30 zone of resistance. This spells out a triple top as we've seen this area twice before now.

The daily and 4 hour charts aren't quite as convincing and look as if they could get a little bit of a run up before the weekly candle takes its course. I'll be waiting on a retracement before entering the position short.
I dream, therefore I become.
  • #1,294
  • Mar 15, 2009 3:15am Mar 15, 2009 3:15am
Hi mike welcome back . I am watching the usd/cad pair as well. That 3000 level is a hell of a black cloud for this pair. I am hoping the large traders will push price down again forcing other traders to close their longs whiles setting off a chain reaction of limit orders on the shorter side of 2600. Thats some nice order flow information (Or BEOB) we got going there. Might be showing us the larger guys true intentions. Hopefully we don't have any bluffers hanging around though. I hope we get a nice price bar or break through at the 2600 level because I will be shorting this sucker @ around the 2585ish level. If it reaches it looks like we might have some nice room for a run down.

I know I don't post that often but will try to make it a habit. Just happen to see your journal pop up though I would swing by.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdexp.gif Size: 11 KB


Regards,

Will
It's me...
  • #1,295
  • Mar 15, 2009 7:25am Mar 15, 2009 7:25am
have viewed your journal before.
keep up the good work
  • #1,296
  • Mar 15, 2009 9:43pm Mar 15, 2009 9:43pm
Quoting mike w
Alritey, I'm going to be getting back to this journal like I used to. For this week, the usd/cad has my attention with a weekly beovb off of the 1.30 zone of resistance. This spells out a triple top as we've seen this area twice before now.

The daily and 4 hour charts aren't quite as convincing and look as if they could get a little bit of a run up before the weekly candle takes its course. I'll be waiting on a retracement before entering the position short.
Glad to see you back in your journal bro! Looking forward to your posts...
Patience + Discipline - Greed = Success
  • #1,297
  • Mar 16, 2009 4:20pm Mar 16, 2009 4:20pm
Hey guys and thanks. Agent, I agree with you there.

Here's a trade that I took earlier in the day today.

The gbp/jpy created a 4 hour pin bar off of strong resistance at 140. I'll be aiming for 136 first. After that, I will place my stop right behind that area and stay shooting for 130. I have to get my charts up and posted a little later.
I dream, therefore I become.
  • #1,298
  • Mar 16, 2009 4:21pm Mar 16, 2009 4:21pm
Quoting Infinity
Glad to see you back in your journal bro! Looking forward to your posts...

How've you been my man?! I hope everything is going great for you. I'll shoot you a PM here in a bit.
I dream, therefore I become.
  • #1,299
  • Mar 16, 2009 4:33pm Mar 16, 2009 4:33pm
Here is that 4 hour screenshot, and I really doubt that it would be too late to open yet another lower risk trade as I'm already at locked in profit on the first step.

I think we'll be seeing a retracement at least to the 138.50 area before moving lower as we are at a minor area of support at the moment.

I'll be posting other setups as they come along. I know there are a few that I could mention at the moment and will as they set up nicely.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy on fxpro.gif Size: 22 KB
I dream, therefore I become.
  • #1,300
  • Mar 16, 2009 8:15pm Mar 16, 2009 8:15pm
The bounce on the gbp/jpy from that minor support area is playing out just as I thought it would be. Looking to find resistance again at the same area as before and using a shorter timeframe to pinpoint another entry.
I dream, therefore I become.
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