i picked this pair because of the PA in the 15mins. i don't expect much run here because it already filled its Daily Run Quota or ADR {average daily range}.
- #22
- May 28, 2013 1:17am May 28, 2013 1:17am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
i'm still here 
my account is still tiny...
but not as tiny as before...just a little bigger...
however, my growth as a trader is much, much improved and so too the timeframes that i trade.
just to bring my journal up to speed, i am posting a chart that i captured after my USD/JPY exit. Many thanks goes to the BOJ central bankers, sorry i mean...banksters...as in gangsters, for initiating and sustaining their manipulations and giant pyramid scheme.
Daily Chart:: USD/JPY
my account is still tiny...
but not as tiny as before...just a little bigger...
however, my growth as a trader is much, much improved and so too the timeframes that i trade.
just to bring my journal up to speed, i am posting a chart that i captured after my USD/JPY exit. Many thanks goes to the BOJ central bankers, sorry i mean...banksters...as in gangsters, for initiating and sustaining their manipulations and giant pyramid scheme.
Daily Chart:: USD/JPY
- #24
- May 28, 2013 3:22am May 28, 2013 3:22am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
currently, i'm bullish on the Loonie...in Monthly and Weekly TM's. i can just enter based on the Mthly Long signal, but in an attempt to avoid deep draw downs i'm waiting for a buy signal on the lower TM's.
The Daily gave such a buy signal yesterday but i did not take it due the bank holiday in the major fx clearance country.i
As i pointed out in another thread, the contraction or narrowing of the BB in the mthly informs me that this pair is set for a breakout into extended run, of which i intend to be a part of.
So which way will she run ?
i don't know for sure, BUT based on my trustworthy trading system, she's pointingnorth.
Can i be more specific ? yes i can, please read the following than check out the current Weekly Chart below.
1) the Monthly is making New Highs [NH's]
2) the Weekly is making Higher Highs [HH's] and [HL's]...please refer to the green and white arrows on the chart below.
Basic recap:: What is the Definition of an UpTrend ?
Answer:: Higher Highs and Higher Lows.
Definition of a DownTrend ?...stay tuned...
The Daily gave such a buy signal yesterday but i did not take it due the bank holiday in the major fx clearance country.i
As i pointed out in another thread, the contraction or narrowing of the BB in the mthly informs me that this pair is set for a breakout into extended run, of which i intend to be a part of.
So which way will she run ?
i don't know for sure, BUT based on my trustworthy trading system, she's pointingnorth.
Can i be more specific ? yes i can, please read the following than check out the current Weekly Chart below.
1) the Monthly is making New Highs [NH's]
2) the Weekly is making Higher Highs [HH's] and [HL's]...please refer to the green and white arrows on the chart below.
Basic recap:: What is the Definition of an UpTrend ?
Answer:: Higher Highs and Higher Lows.
Definition of a DownTrend ?...stay tuned...
- #25
- May 28, 2013 7:13am May 28, 2013 7:13am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
if current 1hr bar, above the blue x, can end in green than another a long would be in order.
- #26
- May 29, 2013 12:02am May 29, 2013 12:02am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
Stops raised on all Loonie Longs to breakeven or above; FXCM stop raised to Break Even. See 1hr Charts below. The FXCM entry was not optimal due to me placing a BuyStop order, luckily i realised my mistake so cancelled order and went long at the market.
The other long entries was timed off the 5 & 30mins charts
The other long entries was timed off the 5 & 30mins charts
- #27
- May 29, 2013 11:45pm May 29, 2013 11:45pm
- Joined Mar 2007 | Status: Trader | 1,190 Posts
Captain's Log, 
our 1st Line defense Stops of our Defense Shield have been hit. What ? what was that...? O ! is that so ? So u saying we were up handsomely...why didn't we take profits ? Listen O enemy of mine...u do not pay the rent, i do. i own my mind not u...so get out from here.
We are still bullish on the same pair, as well as a few others that have entered our radar perimeters.
Below is a 4hr chart of the Loonie, i would love to see a Bullish Reversal Bar [+BRB] here where the green x is, so at 10am CAT this current 4hr bar will close. That's in about 1½ hrs time. Point is; even if it fails to produce a +BRB after this bar at 10 than the next bar will be watched.
our 1st Line defense Stops of our Defense Shield have been hit. What ? what was that...? O ! is that so ? So u saying we were up handsomely...why didn't we take profits ? Listen O enemy of mine...u do not pay the rent, i do. i own my mind not u...so get out from here.
We are still bullish on the same pair, as well as a few others that have entered our radar perimeters.
Below is a 4hr chart of the Loonie, i would love to see a Bullish Reversal Bar [+BRB] here where the green x is, so at 10am CAT this current 4hr bar will close. That's in about 1½ hrs time. Point is; even if it fails to produce a +BRB after this bar at 10 than the next bar will be watched.
- #28
- May 30, 2013 12:08am May 30, 2013 12:08am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
ok, we seeing some action now at the frontlines...
5mins are turning Bullish...
15mins are turning Bullish...
30mins ? no, not yet...but i can see the lights of their cooking fires (read...they close by...)
If u scalping than longs can be entered if the current 5min bar close green.
5mins are turning Bullish...
15mins are turning Bullish...
30mins ? no, not yet...but i can see the lights of their cooking fires (read...they close by...
)If u scalping than longs can be entered if the current 5min bar close green.
- #29
- May 30, 2013 12:42am May 30, 2013 12:42am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
below is my 5min Scalp chart of the Loonie, not ideal for scalping because the spread is to0o wide. Please note the Trend is still very much down.
- #31
- May 30, 2013 1:14am May 30, 2013 1:14am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
5min Long Scalps closed ...
here is the 5min exit chart from FXCM's Marketscope charts. Please note:: the entry and exit arrows are automatically placed on the charts by the software...and also the number of pips bagged, in this instance..5.7pips.
here is the 5min exit chart from FXCM's Marketscope charts. Please note:: the entry and exit arrows are automatically placed on the charts by the software...and also the number of pips bagged, in this instance..5.7pips.
- #32
- May 30, 2013 1:26am May 30, 2013 1:26am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
so we got our 4hrs green bar, but i'm not long yet, why not ? don't u walk your talk...! eee.. yes i do ...but.. the 30mins has not confirmed, we are still in enemy territory.
on a different note:: anyone trading the Cable Long today ? Go for it... You can blame me if it reverses on you
Loonie 4hr chart below
on a different note:: anyone trading the Cable Long today ? Go for it... You can blame me if it reverses on you
Loonie 4hr chart below
- #34
- May 30, 2013 2:54am May 30, 2013 2:54am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
ok so...can we see by a show of hands who took that Cable Long when i mentioned it earlier... a quick and easy +30 pips, if u wish to take profits now...plse do so now...u deserve it. Here is the 30min chart showing our entry, as indicated bny the x that i placed on the chart to show our entry bar
- #35
- May 30, 2013 3:24am May 30, 2013 3:24am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
Shifting our focus to the EUR/JPY...we waiting for a retracement to happen AND complete before we will engage in a 15min scalp. So, what timeframes are we looking at ? ...i'm observing the 15mins.
here is a current snapshot
here is a current snapshot
- #36
- May 30, 2013 3:26am May 30, 2013 3:26am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
she took off without us...
- #38
- Edited 4:08am May 30, 2013 3:44am | Edited 4:08am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
- #40
- May 30, 2013 5:22am May 30, 2013 5:22am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
as expected the long trade setup of the Loonie happened while i was away, but entered long in 5mins because the basic Long Trade Setup is still valid.
Here the 15min chart i referred to: and the FXCM Entry and Exit Chart::
Here the 15min chart i referred to: and the FXCM Entry and Exit Chart::