Just My Journal

This Journal is for keeping thoughts regarding my trading ideas and running a test version for an additional strategy I am testing. Feel free to provide some input if you like.

USD/CAD - Waiting for a fall to 1.1275 for a possible long position.

Dollar Index showing possible short trade for a retrace to the downside. Strong crab setup around strong monthly S/R level.

hi mark

in uc...

I also expected to come down to the canal shi support to enter buy

Please, could you explain how you draw the butterfly?

I will put my graphics .... but only this time, I'll do you understand what I want ... an alternative to channel shi...something that I can create



thank you

Expecting some consolidation of the dollar in the lead up to end of month. Trading for a mid term push to the upside.

Hi Portfirio,

The pattern on the CAD is the standard Gartley. Didn't really push down enough on the AB leg to the 78 on the first retrace to create the Butterfly. ABCD extension will have price somwhere around the 1.125. This is also where the in-balance in orderflow occurred with the volume spread for the last leg up. Expecting a retest of this area, with a confirmation to hold before looking for a continuation to upside.

Re butterfly I would suggest maybe read up on someone like Scott Carney's website to understand how to draw the harmonics with the fib extensions.

AUD/NZD

Waiting on key level for a possible buying pattern.

Daily chart

Important intra day levels. Flat waiting for news to see possible entry.

UBS report from yesterday.

Standard Chartered Monthly outlook.

Are the bulls slowly getting control. Hold above 1.5720 may see conviction in move. Current daily move has some inefficiencies so would not be surprised to see it fold or at least re-test. Waiting on news at the moment.

Oil seems to want to keep pushing down. Don't know if 55 is out of the question but will keep selling CAD at each retrace test until they fold.

4HR

Russian Ruble for interest if your watching oil. May be a better trade when oil turns or someone intervenes in the selling of the Ruble.

thanks markj

I wish everything goes well

see you soon

No problem thanks Portfilio

All the best with your trading.

CAD price action showing possible short term to the downside.

EUR/USD

Holding below the 2320 level and retracing the complete news spike form yesterday.

GBP/NZD at a possible level for a short however looking for possible further upward momentum and confirmation for any short position.

AUD/GBP

Looks like it wants to push higher. Will look for ABCD extensions and and wait for levels against the USD, and possible confirmations. Swing point 9160 level with some resistance on the monthly around 1.9900 level.

Watching AUD/CAD for break of 4 hr trend line.

4hr and weekly chard. ABCD extensions on the weekly and the daily. Gartley pattern forming on the weekly as well near strong levels.