Lusan Journal II

Euro finding support in this range?
Next 2 weeks will tell.
I bet it is the Greece thing
upcoming clarification.

15M rolls within H1
H1 rolls within D1
D1 rolls within W1
and
W1 rolls...
on mighty dollars!

A thought for the day:
"if I buy when everybody is buying,
and sell when everybody is selling,
I will be only wrong,
(1) at the start of the cycle,
(2) at the end of the cycle
and
when I join late the party.
But how do I know what music
is been played?
Simple: the candle of the upper
frame you trade direct the show.
So it is of upmost importance
to figure out the current trend,
bind yourself to it;
and only trade in that direction."

What a crazy day.
I collected over all 700 pips since yesterday
while holding a full time job!
-How? Multiple pairs-
Thanks to 1D candle analysis.

I fell so sorry for the Euro...
rumor upon rumors.
I wonder will is the bottom.
Oh well...
let us trade the chart.

Very impressive results Lusan. Good job

Thanks...
maybe I was lucky!

Luck works as well as anything else now and again

What a crazy day!
Up and down.
Down and up.
What to do?
Let the candles light the way:
No longs for me until W1 and D1
says so.

Another hightly volatil day.
I ended the day exactly on the same spot I entered this morning
before going. However I collected 100 pips on the way down before
reentering at 1.2624.
-I reentered because trully this day is a wash.
The fall in the dow might present
a great opportunity in the Tokyo session.
I do not believe anything works here but quick reflexes.
Tomorrow is NFE...prior to a weekend.
I will trade tonight and take whatever PA give me...
but I will be out tomorrow regardless.
1.25 is too close, NFE coming and weekend arriving.
Time to rest and see the events.

One my thoughts: E/$ went as low as 1.2523. Even though
they say it was a computer error, sometimes I set my PT above
the S/R. PA bounced you somewhat above that.
So I wonder if we are really on entering some time of reversal.
Another odd sign is the long 1D tail. It could be considered as a
pseudo hammer but...not on a S/R...so it is not an exhaustion candle.
etc...thoughts and more thoughts....
-Of course, this is a guess...the charts still say south
so south we go.

Bad is bad.
When I look at the monthly chart
I see an ugly double top for the E/U.
If 1.25 does not hold
then
Euro
is probably
finished.
So
I expect
a strong rebound
or
...
death.

Ah..!
we reach the start of another trading week.
Nice to see the way the candles guide the way.
The question is can we profit with my current
trading strategies?
So far so good,
no losing days for the last 2 weeks
since I reactivate this journal.

An insane day.
A huge gap that got closed.
Dow went to the roof
and almost 1 Trillion dollars
for the Southern European Countries.
Yes...
galloping inflation on the making.
Time to watch out carefully
all my financial instruments.
Oh yes...I collected a bunch of pips
after listening to the chart that told me
to buy Euro last night.
Now they are quiet.
I will keep an eye on 1H and maybe later
PA will show her hand and tell me her plans.
There is a TL nearby and at the moment
the 1H momentum is lost.
Does it mean to go north?
I will wait and see.

Late on my analysis
because I was held at work.
Things look not good for the Euro
even after the almost 1 trillion of
wasted cash.

No much of a change in the charts
since yesterday.
However, I gave a lot of thoughts
about this trading activities.
It is hard to believe that I have not
yet lost a single penny since I began
carefully observing the weekly and the daily.
-this is already 3 weeks.-
My trading became very relaxed
and the account keep growing.
What is going on?!-

No much of a change in the charts since
yesterday analysis but
the southern tendency
became magnified.
However, I gave a lot of thoughts
about these trading activities.
It is hard to believe that I have not
yet lost a single penny since I began
carefully observing the weekly and the daily.
-this is already 3 weeks.-
My trading became very relaxed
and the account keep growing.
What is going on?!-
Simple:
I believe that sucess in forex is
50 % merging with the main trend
and
50 % pyschology and MM.
So knowing about bar to bar trend
momentum help. This is very similar
to what I use to do practicing fti
5M dance trading at the beginning
of my forex life.

Tomorrow is Friday....
I do not trade on Friday.
Besides the charts are entering a region
of high uncertainty, a gambling region.
A region for only the very skillfull, the brave
or the fool.
So the little guy, like me, might want to stay out.
Until Sunday evening then D1 and H1 would
lead the team.

Black magic and phantoms.
What do they have in common?
I learned something sometime ago,
from a very foollish man
-called Einstein-.
If the math is complex,
there is something wrong with it.
The truth is always simple.
-Why is so hard to accept that
the future is known only to God,
and that the trader can only
manage risk? -

The question is clear,
what is the future of Europe?
Who the heck knows?
I trade the charts.
They never lie.
I feel that the coming 2 weeks will
define it. Let us watch the show
and trade wisely.

Back to my cave.
Tomorrow I will review the charts
and take a position.
I will go to war.

An interesting week
starts today.
Party time:
Reversal or continuation,
Doji or white bar?
Nobody knows.
Keep close eye on your wallet.
Maestro...music

yeh.this week will be very important for the euro.
i like your analysis.simple and effective.keep em coming .

regards
sho

You are welcome.

A risky moment.
Is this the start of PA retracement?
I do not know.
However,
that is what the charts are telling me.
So fire on...
I am buying Euros.
Even though,
I believe that
Europe is in real trouble.
-So why do I buy?
Because that my read of the charts.