My view journal

Hi,

I'm new here on FF but not new to forex. I will post in this thread some of my market views.

You do not need to agree with them but I hope you can comment them and make our knowledge grow.

I'm a trend follower and try to snap some nice trend and follow them.
This is easy to say but difficult in practice.

Which tools do I most use.
I use ADX, RSI and fibonacci a lot.

1- RSI is moving from 40/80 in uptrend and 20/60 in downtrend. Of course you already know that
2- ADX: I watch to all 3 values ( Main / DI+ /DI-)

Well quick summary of what I will try to post here. Cheers.

Audusd is in an uptrend channel. Will this uptrend end soon ?
I search for some warning signs. One is that we have a fibo 61% bounce ( tf h4)

Hi,

Audusd is now outside the uptrend channel and working on 50% fibo.
Downtrend ahead.

Target can be fibo 0% ( 0.85776)

Audusd can not break fibonacci 50% right now.
We can see that DI- is falling and Di+ is rising last hours.
Want to see a clear ADX indication before I jump on the trend.

Audusd near to fall gain.

Waiting for Di- > at least 25

Do we have a double top on usdchf right now ?

Hi,

I want to post a trading system that I have not seen here on FF.
How long will it take to before I can open a new thread in trading system ?

Hi,

"Small" pairs are trending often and channel trading on such pairs can be easy.
Biggest problem is spread of course.


I post one pic here exist on my buzz also.

Hi,

Sometimes I get lucky

Hi,

Will GU break out from the downtrend channel ?

http://www.google.com/buzz/109882646...ow-Any-comment

As you can see is GU ranging and I will wait for channel break out.

More updates is coming.

subscribing to journal

Hi,

I trade most trends.
If you want to try find/know where trend start you need to watch for channels/ triangles. Yeah chart formations

Intressting setup on W1 for EG.

I put this on my Wiki and wait and see....

Hi.

I talked about the AudJpy break out during this week.

I was watching ADX during this week. I close the trade when ADX start to drop quickly. ( second orange circle)

First Orange circle was a level I was watching my trade but ADX was not falling...

Seykota,

How goes it. Do you look to close out your trades based on the ADX going down? I am working on combining Parabolic SAR and use ADX together and am looking to find the best time to exit. I trade on day t/f.

I look at the market on different views.
If I'm short and ADX Di+ is running to the moon I kill my trade.

H1 and H4 is ranging ( big range but with smaller highs ) so I found this triangle in d1
Read for breakout trade ?

GbpUsd on w1 ( d1) fibo for uptrend gave turning point on 61 % fibo
h4 the same level was 76%
50% (h4) is 4954 ( look we get a candle testing it already )
61 % (h4) is 4912
5268 is possible target for traders will good stomacs and patiences.

can you recommend a solid fibonnaci resource. I am learning about this as well as well as elliot wave. trading very conservative. getting clearer each day.

Hi,

I post some view on GU last week did some take a long on GU ?

There is a lot of Fibonacci books on the market. Read as much as you can and practice a lot. ( Like riding a bike not easy to learn but easy after practicing )