Amyc Trade Journal

Thanks for the reply.

Yeah, I understand. I just have a hard time deciphering when to cut and step back or reverse.

Guess I need to incorporate the 4hr, too, which I haven't been.

Still had 2 good trades this morning... much homework to do this weekend.

S&P completed the move from green highs to green lows on friday (top chart). Green low support on a Friday means a move back to the highs this week but first there could be a move back to 1089 (midpoints on lower chart). I will be cashing in my shorts on monday and looking for longs. Price should move higher in August, I see resistance around 1140.

AU should move higher this week into 9088 then 9186. Around 9186 I will start looking for short opportunities again. Currently holding longs from 8980 on Friday. There is a possible move back to 8915 early in the week though so I am going to use 9006 as my line in the sand to judge this.

Same move expected for EU, up into 1.3225, around here I will look for short opportunities. No positions for EU at the moment but will probably take longs on Monday.

The lines on the daily charts I post are targets, they show me where to trade to. I only view them as support or resistance if they fit with other patterns I look for.

4 hour charts are important, they show the likely swing for the day, daily charts show the likely swing for the week. That is how I look at them.

I have entered some longs on eu at 1.3055, I think it may be 15-20 pips too early but I will take more longs if it pulls back to the dp. Target 1.3235.

I have taken part profit on au longs at 9100 (weekly highs), the other half I am holding for 9188. +120 pips.

AU should continue up this week but the direction for Tuesday depends on what side of 9132 this 4hr bar closes on. If below then a move back to the midpoints first is on the cards, if this happens I will probably buy more. Above and price should continue straight up. Still holding longs with target 9188.

EU, Mondays daily lows on EU were 1.3056, I took more longs here early in the London session. Partial exit at the weekly highs 1.3125, +69 pips, and holding the rest looking for 1.3239. For Tuesday EU is trading above the green highs on the 4hr chart so should continue higher.

S&P completed the move up into the green highs on Monday, this was high probability after Fridays green lows support. I am continuing to hold my longs as this should continue higher this week. The dow has broken out of the green highs and as long as the S&P remains above 1120 today then the next target is 1130.

I have decided to tp on the remaining au longs at 9125. +145 pips.

Nice!

Any insight into the news release in 30 minutes? I wanted to take a long at D PP / W R1 (9108) but the release has me a little concerned.

no insights but charts show a swing back to 9055 is not out of the question. I think we are very close to a top in usd currencies, another 50 or so pips to go.

Decided to take profits on S&P longs as well at 1120. I think there will still be a higher move into 1130 this week but it might not be today. The 4hr close below the green highs opens up possibilities of a move back to the midpoints, same setup as aud.

Also cashed in remaining eu longs for +100 pips, I'm sure it will start heading back up now but 100 pips is 100 pips. That is all my trading done for this week, next setups I will be looking for will be turning points in au and eu.

I think there is a possibility that we are seeing the top in the EU upmove currently. I am short from 1.3240. Stops are currently 1.3300 but these are flexible and I may close before here if I don't like the way things are looking.

If it moves down from here then I will be looking for an open under the weekly pp next week, if this happens I will take more shorts. Target is new lows.

For Wednesday I am looking for the next 4hr bar to close under 1.3225, if I don't get this then the move down becomes less likely.

AU should move higher into 9188 but from here I look at taking shorts in this pair as well. Target 80ish.

4hr close on eu below 1.3225, that makes the most likely move over the next few days a swing back to the midpoints. There is also a possibility that price moves back to 1.3267 first which is Wednesdays daily highs, but I am happy to hold my shorts if that happens bc I am looking for the longer term move.

GU is in a similar setup as eu but I am not going to short this pair until it gives some sign that it wants to go down.

AU is probably heading back to the midpoints before going higher, this is bc of the close below the green highs on Monday. I am not going to be trading longs though just waiting for shorting opportunities.