New blog on the way, among other new things...
Well, this will be (almost) my last post on this blog. My actual last post on this blog will be the link to the new blog that I'm creating now. Along with a new, revamped, and totally documented strategy and demo account to go with it. I plan on doing some daily analysis on my new blog as well as documentation of the execution of my new strategy. check back soon...
Read More!
GBP/USD short doing well!
The short was at +149 pips when I checked a few minutes ago! I'll update this later.
Read More!
Results from Friday, and todays positions...
Shorts from Friday were unfortunately stopped out, but this didn't end up being a bad thing. When the market went back bullish and my short was stopped out, the GU broke through the support trendline that I had been playing off of all week. This prompted a long last night (Sunday evening), that returned 160 pips.
That being said, Monthly R1 was rejected and we are now short, looking for initial target at weekly pivot point @ 1.6523, and a secondary target at the monthly pivot point @ 1.6272.
Good luck trading today and be careful! Read More!
That being said, Monthly R1 was rejected and we are now short, looking for initial target at weekly pivot point @ 1.6523, and a secondary target at the monthly pivot point @ 1.6272.
Good luck trading today and be careful! Read More!
Another GBP/USD short for this morning...
Here is a 4 hour chart of GU this morning.
You can see that GU rejected WR1 last night, as well as holding to the trendlines that I've added to the chart. I'm looking for GU to follow the pattern here and short back down to 1.6320 (T2), or at least WPP @ 1.6415 (T1).
Lets hope it goes better than last night's short, which at least wasn't a terrible loss, thanks to good money/trade management. Read More!
You can see that GU rejected WR1 last night, as well as holding to the trendlines that I've added to the chart. I'm looking for GU to follow the pattern here and short back down to 1.6320 (T2), or at least WPP @ 1.6415 (T1).
Lets hope it goes better than last night's short, which at least wasn't a terrible loss, thanks to good money/trade management. Read More!
-41 pips for 11/05 and an even 0 pips for 11/06
-41 pips for 11/05 and an even 0 pips for 11/06
For GBP/USD, I'm placing a sell limit order at 1.6652 (R1 and trendline resistance) and may also scalp a long on the way to R1. I'm also looking to possibly take long's if GJ breaks resistance at weekly R1, and the same for EJ if it breaks it's daily R1 and appears to be headed for R2. Stay tuned. Too bad for the loss yesterday, but because of good trade and money management, it was minimal. I can still do much better, and need to work on that. Read More!
For GBP/USD, I'm placing a sell limit order at 1.6652 (R1 and trendline resistance) and may also scalp a long on the way to R1. I'm also looking to possibly take long's if GJ breaks resistance at weekly R1, and the same for EJ if it breaks it's daily R1 and appears to be headed for R2. Stay tuned. Too bad for the loss yesterday, but because of good trade and money management, it was minimal. I can still do much better, and need to work on that. Read More!
Exited GU trade at -16.2 pips, still hoping for GJ and EJ.
I closed my GBPUSD trade at -16.2 pips. It began to look that GU might be making its way up to test major resistance above.
GJ still looks good, it's rejected its weekly r1 and I still feel good about the short at this point, if that works as planed, EJ should follow. We'll see!
Also, I posted a link on twitter to my blog, the first time I've invited visitors, so if you're one of those people then welcome! If you have any comments, they are greatly appreciated!
GJ 1H chart:
Read More!
GJ still looks good, it's rejected its weekly r1 and I still feel good about the short at this point, if that works as planed, EJ should follow. We'll see!
Also, I posted a link on twitter to my blog, the first time I've invited visitors, so if you're one of those people then welcome! If you have any comments, they are greatly appreciated!
GJ 1H chart:
Read More!
Todays positions
Today I'm short GBPJPY, GBPUSD, and EURJPY. For GBPJPY, I've attached the 1H chart as well. I'm hoping for a test of the daily S1, and hoping for similar situations on the other pairs. We'll see how it turns out! GJ and EJ are looking good, GU doesn't seem to be able to make a clear indication yet. I'll get out of GU first if things appear to go against me. Read More!
