New euro chart:
Waiting for trade 5 now.
Waiting for trade 5 now.
(binned per thread starter’s request) GEfx Trading Journal
- #103
- May 23, 2011 6:10am May 23, 2011 6:10am
- Joined May 2009 | Status: Trader | 3,730 Posts
Here are the two charts from earlier. I am in the GBP/$ now on a similar trade, protecting the entry at 1.6138:
Good trading to you and I hope you have the right mentality to trade today.
Good trading to you and I hope you have the right mentality to trade today.
- #105
- May 23, 2011 8:36am May 23, 2011 8:36am
- Joined May 2009 | Status: Trader | 3,730 Posts
Trade number 4 is in on the GBP/$:
Will move stop to protect entry once this is posted.
Edit: Flat
Will move stop to protect entry once this is posted.
Edit: Flat
- #106
- May 23, 2011 12:35pm May 23, 2011 12:35pm
- Joined May 2009 | Status: Trader | 3,730 Posts
Here is my current view of the E/$ 4H chart. There has not been any news today that changes the view, so would expect the analysis from this chart to remain in force for the time being. Would like to see the pair reload a bit before continuing.
I assume anyone who does not understand the support becoming resistance (and visa versa) thing, will see something of interest in the chart.
I assume anyone who does not understand the support becoming resistance (and visa versa) thing, will see something of interest in the chart.
- #107
- May 26, 2011 11:06am May 26, 2011 11:06am
- Joined May 2009 | Status: Trader | 3,730 Posts
Two of my trades from today, these two on the E/$ after the NY open. At the time of trade #1, the FA was behind us (not good news for the US economy) and the US equity markets were falling (good support for a strengthening dollar). This is a change in ST trend.
- #109
- Jun 5, 2011 12:53pm Jun 5, 2011 12:53pm
- Joined May 2009 | Status: Trader | 3,730 Posts
A quick view of the E/$ 4H chart shows a very compelling picture. The grey area is a possible target area as it is in need of squaring up, as is much of the area below! Lots of possibilities in the coming days! Good trading.
- #110
- Jun 6, 2011 11:08am Jun 6, 2011 11:08am
- Joined May 2009 | Status: Trader | 3,730 Posts
Euro failed to present any good trade opportunities for me today, but the GBP/$ did via simple trend wall trades. Here is the first chart from London with the basic setup:
I entered two trades with minimal risk and 45 pips each. Just followed the channel south as it moved from London the NY.
I entered two trades with minimal risk and 45 pips each. Just followed the channel south as it moved from London the NY.
- #111
- Jun 8, 2011 2:38pm Jun 8, 2011 2:38pm
- Joined May 2009 | Status: Trader | 3,730 Posts
I traded the E/$ turn this morning after waiting through London for my trade to set up. I have four charts to post. The first clearly shows a turn set-up situation after the London open. First chart is a 30M chart.
Once the set up situation presented itself, I needed to wait for the actual trade to develop. It looked like this (next three charts are 10M charts):
Once things got rolling, the first trade was here and ran to my 55 pip limit:
Trade 2 was a little later and looked like this:
Once the set up situation presented itself, I needed to wait for the actual trade to develop. It looked like this (next three charts are 10M charts):
Once things got rolling, the first trade was here and ran to my 55 pip limit:
Trade 2 was a little later and looked like this:
- #112
- Jun 16, 2011 3:27pm Jun 16, 2011 3:27pm
- Joined May 2009 | Status: Trader | 3,730 Posts
Five trades today, four on the GBP and one on the Euro. I stopped trading at late in the morning (CST) so was not around the charts to trade the PA this afternoon. Here are the charts:
Nice to see you actively posting in your journal, GeFX 
I tend to draw the TLs the same way and it's working for me nicely. However, I don't spend so much time trading lately, but it's pleasure to see how this type of analysis detects opportunities in the market. Keep it coming, it's nice to compare my views with someone who uses the same TA tools that I'm fond of
Good luck and happy trading
I tend to draw the TLs the same way and it's working for me nicely. However, I don't spend so much time trading lately, but it's pleasure to see how this type of analysis detects opportunities in the market. Keep it coming, it's nice to compare my views with someone who uses the same TA tools that I'm fond of Good luck and happy trading
- #114
- Jun 17, 2011 10:10am Jun 17, 2011 10:10am
- Joined May 2009 | Status: Trader | 3,730 Posts
Nice to see you actively posting in your journal, GeFX
Good luck and happy trading
- #115
- Jun 17, 2011 8:33pm Jun 17, 2011 8:33pm
- Joined May 2009 | Status: Trader | 3,730 Posts
Only three trades today. Two trades in the GBP and one in the Euro today. Was a little late for the London open and was pretty tired through NY trading. No comments tonight as I am very tired. Have a good weekend. BTW, these are 10M charts.
- #116
- Jun 23, 2011 4:46am Jun 23, 2011 4:46am
- Joined May 2009 | Status: Trader | 3,730 Posts
Thought I'd post some trades today. Here is trade number 1 on the euro, have moved the stop and am waiting for the first target to be hit:
- #117
- Jun 23, 2011 5:01am Jun 23, 2011 5:01am
- Joined May 2009 | Status: Trader | 3,730 Posts
Moved my stop to protect 25 pips, and then moved my limit from 50 pips to 45 pips. Happy with 45 and now looking for the next trade.
- #118
- Jun 23, 2011 5:31am Jun 23, 2011 5:31am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
Moved my stop to protect 25 pips, and then moved my limit from 50 pips to 45 pips. Happy with 45 and now looking for the next trade.
Attachment
Nice trade, was in that one myself. Watching pa now wondering if it's going to break the bottom supports and freefall, lol. Pips in the bank, must be happy
- #119
- Jun 23, 2011 5:56am Jun 23, 2011 5:56am
- Joined May 2009 | Status: Trader | 3,730 Posts
GE,
Nice trade, was in that one myself. Watching pa now wondering if it's going to break the bottom supports and freefall, lol. Pips in the bank, must be happy
- #120
- Jun 25, 2011 5:39pm Jun 25, 2011 5:39pm
- Joined May 2009 | Status: Trader | 3,730 Posts
Market tried to break the .786 fib last week but failed, and in the process created a nice support level to watch in trading next week. Brings to mind the old trading idea of always entering on a .786 fib touch. A break to this territory will probably run to the -.27 fib, or at least to the base at 1.4060. Lots of news events in the coming week, on both sides of the Atlantic. This is a 4H chart:
