Jezek5's FX Trading Journal.

[jezek5]

Re: Dx

DX treading water here,almost looks like
it knows uncle Ben is going to take down to the wood shed,
poor Dollar.

Uncle Ben lets it live another day,looks like a daily close above the 50 fib,
plus a bit of short term s&r green dotted line close to the 50,maybe we go back up a bit.

 

[jezek5]

Re: Fiber

For me ,most of Euro strenth is in Chunnel,
just getting up to an interesting point.

Chunnel backs off and down goes Fiber.
I know it doesn't always work like that
but it did feel like a lot of Fibers strenth
was coming from this cross today.

 

[jezek5]

Re: Dow

Thinking the Dow might want a rest as well,
some backing and filling could be on the cards.

Nice pullback on the Dow,a retest of 11900 looks likely.
Daily inside bar at the moment so needs to break to
the down side to really get going.

 

[jezek5]

Re: Fiber

One last thing with Fiber,i can't seem
to get 4300ish out of my thoughts,
thinking we need to test that level or
maybe i'm just having one of my funny turns.

Guess it wasn't a funny turn after all,
shame i didn't make more out of it,
good day though,can't complain.

 

[jezek5]

Re: Fiber

Guess it wasn't a funny turn after all,
shame i didn't make more out of it,
good day though,can't complain.

Getting down to this level was the easy part,now there's some
wood to chop,daily and long shot weekly.

 

[jezek5]

Re: Fiber

Getting down to this level was the easy part,now there's some
wood to chop,daily and long shot weekly.

After what felt a bit like a try to kill the Euro week the
weekly chart doesn't look anywhere near as bearish
as i thought it would,just an inside bar,and holding
what i consider an up trend overall.
Earlier in the week i was calling for a test of 3900/3700
but looking at this i'm not so sure now,it couldn't even test last weeks low.

 

[jezek5]

Re: Fiber

After what felt a bit like a try to kill the Euro week the
weekly chart doesn't look anywhere near as bearish
as i thought it would,just an inside bar,and holding
what i consider an up trend overall.
Earlier in the week i was calling for a test of 3900/3700
but looking at this i'm not so sure now,it couldn't even test last weeks low.

Daily chart from the weekly chart above,
looks like we don't want to break the lower
side of that weekly inside bar,good strong
reaction at this level back up into weekly
and daily inside bar.

 

[jezek5]

Re: Fiber

Daily chart from the weekly chart above,
looks like we don't want to break the lower
side of that weekly inside bar,good strong
reaction at this level back up into weekly
and daily inside bar.

And the hourly.
Very clear so far.
4300 anyone?

 

[jezek5]

Re: Fiber

And the hourly.
Very clear so far.
4300 anyone?

Nice day, good PA to read,target as good as hit,
done for today.

 

[jezek5]

Re: Fiber

Nice day, good PA to read,target as good as hit,
done for today.

If this level can hold then next stop is 4425,
thats the play i'm looking for anyway.
Looks strong to me.

 

[jezek5]

Re: Cable inside bars.

Blimey that was quick,need to see what it does
over the next few hours.

Cable fell a lot more than i thought it would,
i think it needs to hold this level or all hell could
break lose to the down side.
I'm looking for it to retest 6150 and see then
where she might next.
Looking for longs.

 

[jezek5]

Re: Fiber

If this level can hold then next stop is 4425,
thats the play i'm looking for anyway.
Looks strong to me.

Nice run up,might pullback to 4330 before we move higher,
feels like we moved a bit to fast and need a rest.

 

[jezek5]

Re: Cable inside bars.

Cable fell a lot more than i thought it would,
i think it needs to hold this level or all hell could
break lose to the down side.
I'm looking for it to retest 6150 and see then
where she might next.
Looking for longs.

Looking like Cable might have found a short term bottom,
daily close above green line would be good,
1 hr & daily charts.

 

[jezek5]

Re: Fiber

Nice run up,might pullback to 4330 before we move higher,
feels like we moved a bit to fast and need a rest.

Strong close,never got back down to 4330,4339 was the lowest
print i had.
Looking at this weekly chart i've been using on a daily timeframe
it's looking good to go higher,4430 really needs to be tested and if we
can get threw that then 4640 looks like the next target.

 

[jezek5]

Re: Aud/Jpy

Still in this,for now.
Would like to see it hold above the green dotted line,
daily close close below and i'm out.

I got out of this trade at 86.20 some time ago,
thinking the long is on again soon,might have
missed the bottom,same chart,all lines drawn weeks ago.

 

[jezek5]

Re: Dx

Uncle Ben lets it live another day,looks like a daily close above the 50 fib,
plus a bit of short term s&r green dotted line close to the 50,maybe we go back up a bit.

I don't know....is it me or does that look bearish?i think it does,
i know it's got a rising channel through June that makes it look bullish
but theres just something about the way it reacts at the higher levels
that makes me wonder.
I guess looking at it another way it could almost be a reverse H&S,or
am i being silly,i don't trade them so i don't know,time will tell and there'll
be money to be made one or the other.

 

[MelissaDaisy99]

Great post! It's very nice. Thank you so much for your post.

 

[jezek5]

:

Great post! It's very nice. Thank you so much for your post.

Hello,thankyou for posting a comment,really nice of you,
DX down to a level that needs to react to
if it's got any hope of the H&S to play out i think.
74.75 to 74.45 level very important.

 

[jezek5]

Re: Fiber

Strong close,never got back down to 4330,4339 was the lowest
print i had.
Looking at this weekly chart i've been using on a daily timeframe
it's looking good to go higher,4430 really needs to be tested and if we
can get threw that then 4640 looks like the next target.

4430 in sight,one more push should do it,
lets see what happens when we get there.

 

[jezek5]

Re: Fiber

4430 in sight,one more push should do it,
lets see what happens when we get there.

End of month flows into Euro from Stirling showing in Chunnel
giving Fiber it's strenth thismorming.
Getting up to a very interesting level on the daily.