TexasforEX journal

This is simply a journal for my trades. Obviously, my personal methodology will be the basis for my trades. I'm not interested or obligated to explain anything to anyone. If someone becomes interested and approaches me in the correct manner, who knows?

With that said, I hope to have a pleasant and intelligent thread here.

Long signal for the pound....

covering here @ 15626 for about 20 pips. price can still easily go up to 4HR 200ema, but I'm not interested in going against that monthly bearish engulfing anymore.

New swing short position for kiwi started. Price might extend up to 7620ish. I'll add shorts if so.

New short initiated on euro/pound. Short at 8473.

Added another short @ 7600

Euro short @ 13344. I'm actually going to break one of my personal rules and hold this, as well as all my other open positions, over the weekend.

I'm happy with the short positions I've got currently. I've added a short pound position as well. I think these have alot of room to run for the next 6 weeks or so before bottoming sometime in January.

A big beautiful day for my shorts. There is more to come.

Well, I'm back after the holidays.

Eur/gbp short looks great.
Kiwi short looks to be back on track after a couple hundred pip drawdown.
Euro short also looks great after a crazy move up to the 1.34's
Pound short has be ranging for a while but there is a large move coming.

All in all, I'm satisfied with my current positions. Swing trading is usually a test of commitment far more than a test of technical knowledge.

Not quite the price action I was looking for in January, so far.

Pound short stopped at BE.

Kiwi short is underwater and euro short is slighty in the black.

I'm not giving up quite yet.

All positions have been closed. Kiwi, euro and euro/gbp were all closed for losses. I missed the trades. Good signals that have strong records of success led to losses. Forex is a brutally tough market, it happens.

After a rough January, I'm back on the short train again.

Multiple short lots of cable. 16167, 16179, 16196, 16222 are my entry points. Stops would be over 16300...

Short euro at 13618, kiwi at 7699.

Big day for my kiwi and cable shorts. It's about time. I'm not really surprised that the euro is stubbornly showing strength. The euro crosses are set up bullish.

I am starting to think that the euro won't get below it's January low.

Beautiful day (again) for the cable shorts. I think that there won't be any more touches of the monthly TL above 1.62.

I wouldn't be surprised to see 1.6140 be the new ceiling. We'll see...

Up and Down, Up and Down, Up and Down ....

I'm really disappointed about this run in cable. I'm not closing my shorts out yet but today's steep climb has taken away some of my confidence. Price had respected the hourly 89 and appeared to have made a top at 16150 but then crushed right thru it in early London.

All I can do now is wait and see if a valid triple top forms..

Kiwi's behavior will tell me alot about what the future holds for the greenback, imo. If that breaks above .76, it could be a knockout against the buck.

Which, as a trader, will be fine by me. Whatever gives me a clear signal and makes money, I'm good with.

Kiwi's tumble today along with a nice looking daily doji and 4HR BEOB for cable are keeping me in my shorts.

I even added a position at 16260. All in all I've got five lots short cable and about three more in kiwi. This is getting interesting.....

Took half (1.5) off the table @ 7399 for 300 pips..

Took the rest (1.5) @7399. Price might be bottoming out at the 61.8 extension

Edit Closed the euro at the break of jan high @ 13845 for about -225 pips

Bought euro @ 13895