Amyc Trade Journal

EURUSD monthly pivot is 2564 and we seem to be bouncing off that now. 2700's is next stop. As long as we stay above 2564.

AU monthly, I see 82 next year, probably in Q1.

and i think that 282 is a good enough place to start taking short positions, but this trade requires some risk tolerance bc maybe price moves up as far as 450 first.

EU daily

I'm bearish on eu, i am short off the 3 week highs at 1.2730 2 weeks ago, if it spikes higher this week i don't see it going any higher than 1.28ish. I'm looking for a price lower than 1.18 in june 2010 and a similar timeframe to au (6-9 months).

Also I am not bearish on us equities and won't be until August at the earliest, so there may be limited downside for currencies until that changes.

Amy.. Thanks yr opn.. and re Aussie.. excuse my ignorance?? U think.82??

EU.. looks hier?? above.. mth mid.. week mid 5week mid.. and just above 3 week mid.. USDx failing at similar points.. have done manualy so may not be perfect..

thankyou for posting.

I really like how you plan ahead so far and isolate a solid trading target months away. makes life simple.

I keep up my organic barley grass and recently i have discovered that most people dont eat enough dietary fibre. around 30 grams a day is necessary , but most people average 12 grams. and 2 litres of water for the body to process it is really important too (high alkaline high PH water is the best). the correct functioning of our colon has a vital impact on our health I discovered. So I switched my breakfast over to all bran with oats, yougart , milk and banana, golden kiwi on top. A few times a week avocado and golden kiwi on top of the all bran and oats too. my digestive system has benefited a lot from the increase in daily dietary fibre intake.

Secondly I started up exercising on my mini trampoline again which has been great. I have been switching over to organic products too. I have really really sensitive skin and even no additive shampoo is no good. i have found on iherb.com a bus load of different organic products that im carefully checking and trying more. Now I have coconut milk shampoo from alba botanica and GPB balancing shampoo from aubrey organics. both are awesome.

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I have an organic shaving cream after reading lots of reviews a few men with sensitive skin are using this one for ladies because of the organic contents. its aubrey creme de la shave toasted almond. normal shaving cream made my face really red and dry so this organic one is awesome, no problems at all with a wet/day electric shaver.

I have shea butter for my face skin, but I will soon get coconut oil, jojoba oil and grapeseed oil, posibily castor oil too and aloe vera gell to mix all in for a face cream. I found this cool mix of like this on youtube.

ES is giving some interesting levels for supporting a possible AU decline. it looks like some forex factory calander red news on Wednesday and Thursday mornings this week could make it interesting.

http://my.jetscreenshot.com/11681/m_...6amv-131kb.jpg

ES coming up on weekly highs now. 1368 - 1374
3 x weekly at 1369 - 1376.
monthly 1375 - 1385.
5 x daily highs 1370 - 1377.
As ES opened above its 3 quarterly mid at 1345. It may well go up to its 3 quarterly highs if it breaks out of the monthly highs at 1385.

http://my.jetscreenshot.com/11681/m_...ekr5-102kb.jpg
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weekly highs for AU at 1.0300 + 1.0333
monthly highs at 1.0362 + 1.0437
3 x weekly at 1.0320 + 1.0365
5 x daily currently at 1.0320 + 1.0352

hook structure + trendlines will give the best clues on which level AU will stop at.


http://my.jetscreenshot.com/11681/m_...nxes-116kb.jpg

AU also opened above its 3rd quarterly mid. chart below

http://my.jetscreenshot.com/11681/m_...6umi-106kb.jpg

In my view one of these two blue rectangles AU will stop in and reverse in.

http://my.jetscreenshot.com/11681/m_...wez2-157kb.jpg

EU its 3 quarterly mid at 1.2775 - 1.2794 its 50% monthly high. is the highest its going in my view before reversing.

Thanks Ian.. great over view..

the s&p needs 1450 imo before a sizeable decline can occur.

the s&p needs 1450 imo before a sizeable decline can occur.
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thanks for posting this point Amy. From observing ES and AU I think that they are strongly connected. Now my intuition says to me, AU is going to revisit around the 1.0471 area where it broke down.

EURUSD monthly pivot is 2564 and we seem to be bouncing off that now. 2700's is next stop. As long as we stay above 2564.

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hi Bella

good post on EU monthly pivot. there was a decent 60 - 70 pip bounce off the area. it highlighted the importance again of 1 x monthly levels for me. now EU has broken through this level, it has ended up being another robust place to short EU too.

Thanks Ian.. great over view..
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hi Dan

With Amy explaining her view about the bigger picture so clearly, I became empowered to really attack the charts to unlock the puzzle of PA unfolding.

To interact with the structure that Amy has outlined is awesome, no matter how PA unfolds this learning experience itself is invaluable.

Ian,

Yes the 2564 was a nice pivot. It worked out well. Thats why you never get tied to 1 position. Once it broke under the level then the long was invalidated and shorts were in. I have learnt the hard way never get tied to one bias. Once the market tells you otherwise go with it.

Bella

MM.. hard way.. Me to

may be a short term long available from 1.2483 - 1.2490 area very soon . still checking. any thoughts Dan ? I would like to short but from higher up.
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EU broke through 1.2483 50 % and 1.2462 61 % 5 x daily lows and weekly lows.

Didn't see that Ian..got 50 out of run down.. but belted early in day..was watching UDX last nit as it was hard up against resistance.. was looking at vol on Ftres.. which in my opn indicated hier ground.. so put short on..
Current UDx accord to my caucus has pivot cluster at current hi.. BUT.. EUUD.. just my calculation of course..is below,,.. week >618%2404..3 week.. 2400..>618.. mnth38%2388..and 1/4% 33.3..2400.. so hi prob short .. will monitor price action with that in mind any how..

hi Dan

Im reminded again this week how powerful the quarterly open is . EU and USDX have busted through quite a few levels, no problem at all.
I learned just think about trades in the direction that PA is moving from its quarterly open.
As its NFP tonight, its too risky for trading for me with the spikes, so Im out until next week.

Yes i go slow ..2.. if there is an obvious short i will have a go..