Quick update on the AUD/USD has a possible H/S forming on the 1H. No new entries since hitting target yesterday. Keeping an eye on this pair, but focus has moved to other pairs. Need to see the right shoulder taken out before I am interested again in the Aussie.
I have been using this Journal to document certain aspects of my trading approach. I am not sure if this is helping anyone else, and I may stop posting for a while, or at least until I decide to start documenting some other aspect of my trading. Drop a post here if you are finding my effort here useful to your trading or your learning. Otherwise, I guess I am talking to myself and I can stop. Btw, I am short the GBP/JPY and may post the chart later.
Hey GEfx, i like how you changed bias on aud/usd without ego. seldom see you trade eur/usd... {image}
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Hi kinky, as for euro crosses this week, I traded the EUR/YEN and EUR/CAD. I just thought they had better chart set ups than the EUR/$. May be more in the AUD crosses next week, too. Only time will tell. And yea, best to follow the charts and not ego.
Been a while since I updated the AUD/USD. It's been moving higher as anticipated (see charts above) with fairly good analysis on entry and "move stop" areas. Here is the chart with no commentary, as the entry and exit points are pretty obvious.
Sample chart work for the coming week (one of eighteen pairs that I trade). This is the EUR/AUD with much of the TA stripped out, showing the possible trading opportunities here. I prefer trading South on a pullback or a break, but will consider a buy if there is a strong pullback to higher fib levels/squaring up.
Here is the follow-up chart to the previous post. The EUR/AUD did not push South. Rather, it squared up the previous move South by retracing. Some nice trades on the pullback. But, much better trading on the GBP/NZD, CAD/JPY, and EUR/CAD.
I have been using this Journal to document certain aspects of my trading approach. I am not sure if this is helping anyone else, and I may stop posting for a while, or at least until I decide to start documenting some other aspect of my trading. Drop a post here if you are finding my effort here useful to your trading or your learning. Otherwise, I guess I am talking to myself and I can stop. Btw, I am short the GBP/JPY and may post the chart later.
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I find your journal useful and always check it. I liked you trading approach with two ideas for a trade in post 434. Cheers, Ray
