Amyc Trade Journal

au..8966 is the dp based on gmt midnight, added to shorts off there, same stop as above, I would be suprised to see the aussie above 8973 for Friday.

Aud

Still holding all shorts from 9015, 8966 and 8964. This week should see price move down to at least 8814, I will take a small amount of profit here but I want to hold most of these contracts down for the next 3 weeks and then some for the next 6 weeks down into 82. 82 is the yearly pp and is my target for the move down this year. I think it should align with the Q3 lows and reach in early July.

EU should move down to 1.2234 this week. Price should continue to move down steadily for the next 6+ weeks in this market as well. I don't see any major reversals until after Q3 lows are reached. Once that happens there is a good chance it will reverse up into the Q4 pp or even the Q4 highs before probably continuing lower.

Still holding all ES shorts from 1175 and 1159, this market should continue down this week as well, there is a possibility that Monday and Tuesday continue to trade around current levels or even rise up slightly but over all I see price moving back towards 1060 and probably 970 which is the yearly pp.

Aud hits 8814 which is the weekly lows, I have taken out a small amount of profit here, just 10% of my total shorts. +200 pips. If it bounces from here it will probably do 80 pips up back towards the weekly pp, but if it goes through then it will probably trend down for most of the week. I'm hoping it will break and trend down. If it breaks then I think this is a good clue that indicies will continue down on Monday rather than consolidate.

Daily lows and weekly lows broken now on aussie, direction should be down for the next 24 hours.

http://www.forexfactory.com/showpost...postcount=1536

I have decided to take part profit on ES shorts at 1125 +50 points. I am uncertain on short term direction for this market on Monday and I would hate to wake up tomorrow and find NY decided to put it back up around 1160.

Nice moves on Au last night, It should continue lower on Tuesday and down to around the 8650 area over the next day or 2. I have added to my shorts at 8770 this morning at the 80 pip top. There is a possibility that it moves higher back into the midpoints at 8826, if this happens I will short more. Stops 8835.
This pair has now had a daily close below the weekly lows at 8814 so the bias should be down for the rest of the week.

The euro has bounced exactly off the weekly lows at 1.2234 on Monday and moved higher, it is also moving up from the green daily lows at 1.2259. This should come back into the green midpoints on Tuesday which are currently at 1.2452 before it is a low risk short again.

Sideways day for the ES on Monday, that is what normally happens on Mondays after Friday is capped by the green lows like it was at 1124 on Friday. It is highly likely that Tuesday moves similarly, but if it is below the green midpoint at 1141.08 at midnight NY time then I will take shorts off here looking to build for the next move down. I am not discounting seeing 1055 this week.

Awesome journal. One of the best I've seen yet. Simple, effective, to the point.

Hey Amy,
Don't know if you trade this pair, but do you have a read on GU? Thanks Amy.

Hey Saxon,
My charts have GU in a similar setup to eu, the green lows and weekly lows capped the move down on both Friday and Monday, I would be inclined to see if it can make it back to 1.4575 before shorting again, but maybe the strength of the trend is too great for that to happen.

Aussie trade update

Next partial profit will be taken at 8649.
Still aiming for 8209 as the final target.

I have placed short orders on the euro at 1.2438. It may not get there, if not thats ok, I won't chase price as everytime I try to short a market that is moving up from the previous days green lows before it touches the green midpoints i get myself into trouble.

Euro update, 1.2446 will be an 80 pip top with a pink resistance if it continues up. This combined with the green midpoint at 1.2438 should be a robust resistance. I'm raising my sell orders to 1.2438 sl 1.2480 TP open

One lot of eu shorts has been taken at 1.2430 in one account where i didn't move the order, I think it will still do one more push up in to 1.2446 after the 4hr close in a few minutes.

Good calls, you're doing well

Hi Amy,
Can you explian to me your charts? It looks like a pivot system, is the last candle a price projection or is it the current candle? What is the red/green pivots? Thanks Amy!