Pipshower Price action trading Journal

Finally after long time i decided to start a journal to keep a check and summarize my own trading . So i have started this journal where i will be putting up charts and my trades taken .
This by no means is a signal as i am not responsible for any profit or loss you make following what i trade.
Anyways I will start posting soon ... These trades are taken based on price action and trendlines ...

Look forward to your journal/charts etc

Good Trading.

In on this.

Will be following, looking forward to your posts.

Thank you Jasper and Jigsaw..
With the closure of monthly candle I am starting up with a good opportunity to view the price action right from monthly candle.
So I will post the analysis that i do ...Remember i could be wrong..
So here i go..

USD/CAD

I am attaching charts of Monthly and daily USD/CAD here
On my chart you can see the red horizontal lines as important PPZ levels
And few imp Ema's .

So the Daily chart :
You can see the two trendlines drawn forming a triangle which was broken to the upside and has hit the target sitting at the first imp PPZ line above.
Now on daily level we expect two scenarios to occur
1. A retest of broken trendline as the price done testing the first PPZ level above .
2. A break of the first PPZ level shooting the price to the very important 1.30 level.

This is what hold true if we study the price action .

Now moving on to Monthly USD/CAD chart
I have made it to candlestick one because i wanted to show you previous monthly candles which are showing the upper wick with selling pressure trying to keep the price down forming the important PPZ level of 1.3000 , a psychological resistance level .
But what do we see on the FEB month candle is the usd/cad bull quite strong with no upper wick [closing Marubozu] a sign of strong bullish activity.
That puts us that the retest of 1.3000 is due and that with our daily analysis we agree on the right trade .
Now looking at those EMA's on chart of Monthly usd/cad we are about to witness a crossover of these ema's which took place last time with the trend reversal . So the key points is break of 1.3000 level leading us to next important PPZ level of 1.3300 where the price break will give rise to crossing of these emas showing us the bullish trend.

OK . so this is what the analysis of USD/CAD is ..I am bullish with trades taken at right PPZ levels and keeping in mind the key 1.3000 level .

I hope the market will show us the way after we get there trading it rightly to our profit...

Regards
Pipshower

looking forward tomorrow for your suggestions on trades.
Thanks.

I am back .
Lets continue the charting discussion.
Lets see the chart for the week now.
Dow jones.

We see a bearish outside bar formed on the daily after the break of bullish trendline within bearish channel.

See more explaination here
http://www.bukisa.com/articles/95761...f-17-to-23-may

Dow still at the same level. Will we see a fall this time?

Still seeing the scenario its tug of war going on...

Here is detailed explaination of the likely scenario in the coming week.
http://www.bukisa.com/articles/98747...-week-to-watch

Eur/usd trade

Trade plan is in pdf format here

EURO/USD TRADE PLAN PDF
READ HERE