Amyc Trade Journal

AU GMT chart
this chart has the quarterly mid at 1.0452. AU opened on it at 1.0435 this week. Did fib trader open at 1.0452 on GMT or NY ?

please let me know which level you have for your quarterly mid ?

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GMT levels
At the moment with the price data that I have.
AU open below quarterly mid at 1.0452 + below 3 x weekly mid at 1.0454 + below monthly mid at 1.0492.
Also open above weekly mid at 1.0428 + above 3 quarterly mid at 1.0274.

my indicator has calculated a new 3 quarterly mid at 1.0274. I checked it manually. it is correct to the best of my knowledge..

My conclusion at the moment is that AU has two important levels. 1.0274 + 1.0452. When AU has a daily close outside this price range then I think I can confirm the trend. There is an AU interest rate announcement tomorrow too

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A new range bar just opened at 1.0365.

Hi Ian, great place for you to keep posting. I have been a fan of this journal.

In my experience, even data feeds used within Fibonacci Trader give quite different levels. I remember using it with FXCM feed; my levels were often way off from Amy' (she is with Interactive Brokers as far as I remember?).

Good luck with your work.

thankyou Andrew93

that helps to understand the difference in the opening levels.

all the best with your trading.

Ian this is the weekly chart I am working off, yellow levels are 3 quarterley, green levels 3 monthly. Single quarterley levels are the same as the green monthly ones.
452 was the NY open for IB. Different brokers will have different levels depending on the open and close times.

That makes me bullish for the quarter up towards 1.11, but for the next couple of weeks I am bearish. I would like to see it touch 1.0094 sometime around the end of next week. For reasons why I am short term bearish have a look at a euraud monthly and weekly chart.

Hi Amy

I closed out my AU long last night + 109 pips. Thankyou for posting your view. Im loooking at your chart + EURAUD . after some more checking maybe shorts from 1.0452 is a play now. The current range bar could close after 1.0445 is hit. possible short zone 1.0446 - 1.0452 target 1.0094.

Hi Amy

Im taking a break until Monday next week. From this week I can see how important the new quarter open is. have a good weekend.

Hi Amy

I have thought of an interesting situation at the moment.

London opens for trading today. For GU the last London close before London stopped trading for easter was 1.5819, AU was 1.0302. EU was 1.3064.

My thoughts with GU approaching its 3 quarterly mid at 1.5951 today and AU just having an up bar to 1.0355 area, then reversing down around 50 pips. I think the market will reverse today. I just noticed a really interesting support area for GU if this plays out. GU 3 monthly mid, 3 weekly low and weekly lows all at 1.5750 - 1.5760 area.

http://my.jetscreenshot.com/demo/m_2...-spho-96kb.jpg

http://my.jetscreenshot.com/demo/m_2...gvb6-121kb.jpg

http://my.jetscreenshot.com/demo/m_2...oqjh-240kb.jpg

http://my.jetscreenshot.com/demo/m_2...0xye-216kb.jpg

http://my.jetscreenshot.com/demo/m_2...zstc-143kb.jpg

I think AU found temporary support yesterday at its 3 quarterly mid at 1.0269. I think AU may take out this temporary support and continue down if the market reverses today.

Hi Ian

Hope you had a good break. I am short biased for this week too for au, and the S&P. I am neutral for eu though for the next few days as i think around 1.30 is good for buy and hold. I haven't looked at gu.

GU is looking very bullish currently, the yearly pivot comes in at 1.5853, if price can close the quarter above that level then that would set up a move back to 1.66 in Q2.

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thankyou I had a good break. I hope you had a good break too.

Amy your post on GU recently got me interested as GU did close the quarter above 1.5853. Therefore GU going up to 1.66 looks good.

For EU one possible view is the 1.2950 - 1.2960 area for support with 3 weekly lows, weekly lows and 3 quarterly lows at 1.2937.

New lows on AU, it should keep heading lower for the next 24hrs now.

Hi Amy

I worked yesterday. thanks for posting. AU is acting difficult. I went short again this morning, but that big spike up is a question mark for me. Im not sure if AU has put in its low at 1.0224 or not.

By the way UJ is looking good. I may try to enter longs this week. I think 80 is ideal, maybe 80.50 area too.

Hi Ian if au breaks the 5 day highs then it has bottomed.

thanks Amy

last try at shorts for me this week on AU. 1.0370

ok, I am long. I switched yesterday afternoon with the strong bounce off weekly/monthly lows. i can see the argument for both directions though.

out - 5.

1.0300 area support . 1.0420 area resistance.

http://my.jetscreenshot.com/demo/m_2...vzif-247kb.jpg

http://my.jetscreenshot.com/demo/m_2...02jz-220kb.jpg

http://my.jetscreenshot.com/demo/m_2...sxl4-288kb.jpg

Amy can you please teach me the best setting for dynamic trio ?

on DWM chart do I use both dynamic trio own and next ?

I think I can safely buy into AU at 1.0300 area.

I don't use dynamic trio but Frank sets it to OY2.

Also one more thing, if au comes back down towards 300 during Thursdays session I doubt it is a buy, if it is doing that I would say price is heading for new lows. If 226 was the lows yesterday then price should stay at least above 340 and probably 360 for Thursdays session and close above 380. The midpoint would then be tested sometime in the next few days.

Amy thankyou very much.

I wondered why I had such a good week the week before last. I finally came across the answer. It was my preparation that I did.

Amy I found this gem from another forex factory member. Its very helpful for me too.
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Some will say that you should always start a live account to get the emotions of live trading.

I totally disagree with that, you don't see new pilots jumping in the airplane right away, you don't see student doctors going "live" right away.

Everything that is worth learning and getting good at, take time and practise.

The only way to get better is demo, read, watch.


There are 4 different stages a new trader goes through when it comes to learning to trade, the first one is the memorising level. It is where you just do what your indies tell you, this will never ever work in the long run.

The second phase is understanding what the indies/markets/signals do, understanding what it all means.

The third phase is applying that knowledge to your trading, this is when the average trader is fairly profitable, he will still have large DD's, will still fight the market and himself at times and could well blow his account at some time in the future.

The final phase of a trader is the correlated phase, this is where a trader knows his system/style/strategy. He knows the calculations of each and every indy, why it shows what it shows and why price behaves as it does, he knows how the news affects him, he knows how the fundamentals works. He can thoroughly and correctly judge risk correlations. He makes quick decisions with a healthy dose of "gut" feeling based on his experience. Trading decisions are made often unconsciously based on a vast amount of experience. If he experiences something new in either himself or the market he knows immediately how to respond to that. This phase of trading takes the longest to achieve, for many it takes years and years.

That last phase is your goal, you need to write out a journey plan. Where are you now, what do you need to do to get to your goal and how are you going about to achieve all of that.

Play it safe, make it a 5 year plan, you will be surprised how long it takes to become a competent, profitable, consistent trader.

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