wasp

as it goes, with the fakes (red circles) and late entries, it would have been good! but they are just what I am doing now, without having to draw lines which is why I used them like this originally. the update over the weekend in my blog will show how I am adapting after this week to capture both trends and chop, and it will be uncanny how similar they will be. So why not use them..........? All will be revealed once I have finished fencing around my bamboo's to keep the cats off them!

There is winning and there is winning! Unless I get over +400 pips a week its not worth the hours I put in. Yes, I have still 'won' but has the effort/reward been worth it, not yet........

+40 , +1, -12, -15, -17, -4, -17, +24, +10, -25, +70, +70, -10, -15, +40, +32, -25 tally @ +147 Don't know why I bothered. Hardly getting out of bed for this week. Missed 1 good mover (the 100 pip upshot) but even that wouldn't have hardly kept the water in my jacuzzi hot for the week. Tight ranges and choppy, fast reversals are not my cup of tea. It won't go down so lets see if we can finally break this bloody 163 area. Long EJ @ 162.96

stopped out for -25 Choppy old week with 163 being too strong to let it pass yet too many buyers not letting it go down either. Hopefully someone will push this soon and give it some direction and movement again. I don't care which way, just trend damn you!

Short EJ @ 162.72

Agree, the cross on its own is weak but when used/at areas of S/R the trade becomes much better. Here is the same chart with the 240m and 60m levels on too. The reversal/crossover points become more valid and chances increase.

Ahh, my forte... (sometimes!!) Like any method you need strict rules to define what and when and I will contribute more over the weekend when I have more time but a quick chart of this week on the EURJPY that I have been watching. Coupled with S/R it can work well.

Closed long @ 162.75 for +32 misdrew my line nd paranoid it was going to drop after kept being refused new highs :crap:

I have this tendency to only feel overtly confident when a market is heading down. This isn't based purely on a psychological factor, a high rate of the time, (currencies) will drop a hell of a lot easier, smoother and longer in a downward movement. Someone once mentioned I should flip the screens so I am always in a 'bear' market and I think it may help! It is a negative, cynical outlook on the world that does it I believe. I am long eurjpy right this second and I do not believe this will break the highs and continue up for a few hundred pips. If I turned the screen upside down though, I would be marking on the major levels for the next 300 pips lower ready......... Anyhow, I am curious to others thoughts on whether they find their personality plays a part in this way?

I was thinking of joining in too....... I was going to fade Grey1 :rofl::rofl:

15 hours later, I managed to get out of the short for +40 and went long on a beautiful combination setup. It shot up 50 easily and now retraced 40 in half the time

Stopped out of gold that pesky bugger for -50 commodities tally +72 think I'll stick with FX

Another shot... short in @ 163.96

Good luck! Bailed for -15

I normally use 25 pips (incl spread) so 18 is a tad tight for me but you did get a better entry than I.

too much of a fickle and lively character is oil. Closed FC and PB for comms only. Gold still short.....

short EJ @ 162.98 same setup as yesterday!

Closed oil @ 130.12 for +112 Where are all the pork belly traders?!

Well, a dire +103 so far on the week. This mornings shot up wiping overnight gains. Whilst the 4hr level was apparant again, my other 'signals' weren't showing so missed the rise too.. Waiting for a short setup now after a rejection (again) of the highs. Did anyone catch it this morning? This range, albeit big enough, is getting on my tits.

I won't be surprised to see it break 163 now and if it does, it won't go lower again for some time............

I have no idea as never pay attention to the news. The clues were there in the charts but just outside my plan so retraced to zero and missed it all. Very frustrating. It moved the kiwi alot too yet the USDJPY hardly budged!

Despite my constant postings about the 4hr chart and the obviousness of the upmove, stage by stage, I unfortunately missed this and gave back my overnight gains... This is not usual behaviour for EURJPY IMO though....

200 widely expected

closed EJ @ 162.14 for -10 short EJ @ 162.12 You wait 10 hours for it to continue down, it gives an opposing setup then falls straight through the floor! :crap:

I try....! No, mine aren't specifically day trades, just see how it plays out. Oil is very late in but going to hold for a while so R:R should be good.