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From Timex to Rolex via Forex/Igrok style

  • #21
  • Feb 7, 2010 5:24am Feb 7, 2010 5:24am
Quoting nAVIN2007
Great to see u start a journal..i wish all the success there is: good luck my friend. I plan to be following yur path to success

happy trading 2010
Hey N. Thanks man
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #22
  • Edited 8:09am Feb 7, 2010 7:29am | Edited 8:09am
#MMM with a ascending line with multiple touches. The line has been broken and the price came back. If the price will go down again a jump in with a short for me. Some divs on daily pointing down to ~71.71 and ~69.24 as well. On H1 & H4 we can see that the price is now in a channel like formation. A pullback to upper channels line would be logical. A sell with reverse from there. Targeting at least the lower channels line. Will see what future brings.
Attached Image(s) (click to enlarge)
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  • #23
  • Feb 7, 2010 9:48am Feb 7, 2010 9:48am
Quoting Mr.C
Some triangles on AUD/NZD. Future will tell if the upper red triangles line is a place to go short. Would consider to go short at the break of the lower red triangles line. If the price would hit the upper red triangles line, long then.
And one more triangle might be forming on H4 this time. Some scenarios in my head:

1.The red ascending has got three touches now. If the market want's to build the dotted line triangle it is logical that the red line would be broken with fourth touch. Possible to enter the market with short at the break of the red line. I would stay aside though as we have a support (lower dotted line) so the R:R would not suit me. Interested on a buy from the red dotted lower triangles line.
2. Price doesn't want to go down and touches the upper dotted line. Would wait for 3 touches and enter in with long the break with fourth touch.

Will act according to the PA in near future. As there is nothing 100% in this business.

All orders with reverses.

Would like to see the big #19.10 confirmed with the MACD hints.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd_100207_h4.gif Size: 18 KB
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  • #24
  • Feb 7, 2010 3:23pm Feb 7, 2010 3:23pm
My monthly view..
Attached Image (click to enlarge)
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  • #25
  • Feb 7, 2010 4:13pm Feb 7, 2010 4:13pm
U/J might be building a descending channel. Will act when red lines will be hit.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_100208_h4.gif Size: 18 KB
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  • #26
  • Feb 8, 2010 3:34am Feb 8, 2010 3:34am
Quoting Mr.C
Long on USD/NOK. Decided to go with the trend when channels upper line has been broken. Div targets are in my favor and they are alike the formations targets at ~6.274. Monthly targets can be seen all the way up too.
Long position opened at 5.951. 1/2 position closed at 6.030. Still holding long.
Attached Image (click to enlarge)
Click to Enlarge Name: usd nok_100208_d.gif Size: 15 KB
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  • #27
  • Feb 8, 2010 3:41am Feb 8, 2010 3:41am
Quoting Mr.C
A 20 pips (1%) loss. Short from 1.0685 SL hit at 1.0705 and reverse order activated.
1/2 closed at 1.0780 for 75 pips to pay mt initial losses. Still long.
Attached Image (click to enlarge)
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  • #28
  • Feb 8, 2010 10:04am Feb 8, 2010 10:04am
Quoting Mr.C
Long position opened at 5.951. 1/2 position closed at 6.030. Still holding long.
Quoting Mr.C
1/2 closed at 1.0780 for 75 pips to pay mt initial losses. Still long.
Stopped out at b/e with the rest on both positions.
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  • #29
  • Feb 8, 2010 10:46am Feb 8, 2010 10:46am
Quoting Mr.C
A descending channel that is in a huge wedge. The lower channels and wedges lines are securing the place for a buy. Will be watching this one.
Entered in with a long at a bit different place on GU - at the break of the triangle. Div targets at ~1.577.
Half pips for belekas if everything goes well.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_100208 _m30.gif Size: 16 KB
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  • #30
  • Feb 8, 2010 11:30am Feb 8, 2010 11:30am
Attached Image(s) (click to enlarge)
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  • #31
  • Feb 8, 2010 3:59pm Feb 8, 2010 3:59pm
Quoting Mr.C
Entered in with a long at a bit different place on GU - at the break of the triangle. Div targets at ~1.577.
Half pips for belekas if everything goes well.
Out at 1.566 (M15 div) for 50 pips.
Attached Image (click to enlarge)
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  • #32
  • Feb 8, 2010 4:34pm Feb 8, 2010 4:34pm
Quoting Mr.C
And one more triangle might be forming on H4 this time. Some scenarios in my head:

1.The red ascending has got three touches now. If the market want's to build the dotted line triangle it is logical that the red line would be broken with fourth touch. Possible to enter the market with short at the break of the red line. I would stay aside though as we have a support (lower dotted line) so the R:R would not suit me. Interested on a buy from the red dotted lower triangles line.
2. Price doesn't want to go down and touches the upper dotted line. Would...
Have stayed aside waiting for the other areas as the dotted line triangles upper TL has been broken with not the correct sequence of price moves inside the figure.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd_1000209_h4.gif Size: 21 KB
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  • #33
  • Feb 8, 2010 5:53pm Feb 8, 2010 5:53pm
Will be watching the ~0.871 area on E/G.
Attached Image (click to enlarge)
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  • #34
  • Feb 8, 2010 6:13pm Feb 8, 2010 6:13pm
Quoting Mr.C
Missed the "kiss" and entry at the break of the ascending TL on GBP/AUD. Divs are in our favor pointing down.
Div at ~1.794 reached.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud_100209_h4.gif Size: 17 KB
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  • #35
  • Feb 9, 2010 6:11am Feb 9, 2010 6:11am
We might see a comb on USD/CAD. Would be interested with a short at the break of the line.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_100209_h4.gif Size: 14 KB
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  • #36
  • Feb 9, 2010 6:31am Feb 9, 2010 6:31am
Quoting Mr.C
Will be watching the ~0.871 area on E/G.
A channel might be seen. A sell with reverse if we reach the upper channels TL.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_100209_d.gif Size: 15 KB
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  • #37
  • Feb 9, 2010 6:49am Feb 9, 2010 6:49am
Quoting Mr.C
We might see a comb on USD/CAD. Would be interested with a short at the break of the line.
Jumped in but will be cautious because of the high ADR.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_100209_h4.gif Size: 17 KB
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  • #38
  • Feb 9, 2010 8:21am Feb 9, 2010 8:21am
Quoting Mr.C
Jumped in but will be cautious because of the high ADR.
Out with couple pips +. Didn't like the price action and the mentioned ADR.
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  • #39
  • Feb 9, 2010 10:11am Feb 9, 2010 10:11am
A triangles break caught. Position closed for a small (41 pips) profit at 89.763.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_100209_h1.gif Size: 16 KB
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  • #40
  • Feb 9, 2010 10:21am Feb 9, 2010 10:21am
Quoting Mr.C
Now waiting for the upper line. If I'll get the line broken will try to jump in with a long.
Loaded.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_1000209_h4.gif Size: 16 KB
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