Jezek5's FX Trading Journal.

[jezek5]

Re: Fiber

Took the rest of the day off and missed some nice moves,
not bothered though,i just didn't feel right today and also
the last day of the month can be tricky,the cross flows make
it harder to read,as if it's not hard enough already,not sure if
i'll trade tomorrow yet,Friday and first day of the month and all
that.
Will check the charts in the morning.

Not a nice day to trade,for me anyway,got some pips from
a couple of short scalps from the 4535 level,London open,top yellow line
but think i've had enough for the week,it's been a good week
but i've lost a bit of direction over the last two days,happy
overall though,good weekend to anyone reading.

 

[jezek5]

Cable

Needs to hold that rising lower channel,looks heavy,
can't seem to breakout of the down trend.

 

[jezek5]

Re: Cable

Needs to hold that rising lower channel,looks heavy,
can't seem to breakout of the down trend.

Weekly and daily,weekly has bounced off of some nice long
term support,can't say it's a strong bounce yet but its a start
after five down weeks.
The daily looks like its holding on by the skin of it's teeth
just closing on the lower dotted yellow line,its an inside
bar aswell so will be watching for a break either way.
Just added long shot weekly to show the importance of the
pink line,this looks like a very long term reaction level.

 

[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.

Link posted last Tuesday,looking at the hourly the 4430 level i was
looking to test seems to have become support for now,second highest dotted line, i will be looking for this to hold and then we can push up to the target of
4640 to 4700,will need to see how price reacts at that level.
Weekly is a bullish outside bar.

 

[jezek5]

Re: Dx

DX finding a little bit of support here,we've run up from this level
before,i'm thinking 74.75 would cap any up move.

Got as high as 74.65 before it turned down again.
There is a rising trend line forming and we are about
to test it,i've drawn it as a channel on my old DX chart
and its interesting to see that by pulling the channel out
we can find a perfect fit higher up where price tests it from
above and below,pink arrows,this was how i got the old channel in place almost a year ago.
Will this channel hold?i will need to see how price reacts at this level
but i have my doubts.

 

[jezek5]

Re: Dow

The little bugger pulled right back to 12180 and then
took off with it's tail on fire,taking Fiber with it

Time for a mad prediction,i see Dow hitting 13000 before we
get any real change of direction,it will take a month or so
but thats what the charts are telling me,or maybe i've completely
lost it.
Just for fun.

 

[jezek5]

Re: Cable inside bars.

Simple chart as well,had a few longs and flat again at the moment,
reason being flat is the bit of resistance we're at right now,if we
can clear that i think we should see 6150 at least.

10 pips shy of that 6150 target but
a big selloff afterwards.

 

[jezek5]

Re: Fiber

Link posted last Tuesday,looking at the hourly the 4430 level i was
looking to test seems to have become support for now,second highest dotted line, i will be looking for this to hold and then we can push up to the target of
4640 to 4700,will need to see how price reacts at that level.
Weekly is a bullish outside bar.

Looking for a retest of 4430 before the next up move.

 

[jezek5]

Cable

10 pips shy of that 6150 target but
a big selloff afterwards.

Cable looking stronger that fiber today,lets see how she handles
the level we're just coming up to.
Long term support looks to be holding,pink line.

 

[jezek5]

Re: Dx

Got as high as 74.65 before it turned down again.
There is a rising trend line forming and we are about
to test it,i've drawn it as a channel on my old DX chart
and its interesting to see that by pulling the channel out
we can find a perfect fit higher up where price tests it from
above and below,pink arrows,this was how i got the old channel in place almost a year ago.
Will this channel hold?i will need to see how price reacts at this level
but i have my doubts.

How crap is today?
38 pip range since London open.
So i very small bounce from the green dotted trend line
i drew a few days ago,looking for it to test 74.75 but
not sure the stock markets will let it.

 

[jezek5]

Re: Fiber

Looking for a retest of 4430 before the next up move.

Still looking for that test.

 

[jezek5]

Re: Fiber

Still looking for that test.

Couldn't even make it to 4450,made some pips on the short
side but got the hell out now,hourly might be turning up but really unsure.

 

[jezek5]

Re: Fiber

Couldn't even make it to 4450,made some pips on the short
side but got the hell out now,hourly might be turning up but really unsure.

So she rolled over again and just hit 4439,got a couple more short scalps
out of it ,looking to
see what kind of reaction we get on this flat yellow line.

 

[jezek5]

Re: Fiber

So she rolled over again and just hit 4439,got a couple more short scalps
out of it ,looking to
see what kind of reaction we get on this flat yellow line.

It's a pinbar,to late in the day to trade now,
not so sure this one will hold,it only just closed in the range
and that angled yellow line might just cap it.

 

[jezek5]

Re: Fiber

It's a pinbar,to late in the day to trade now,
not so sure this one will hold,it only just closed in the range
and that angled yellow line might just cap it.

That was nice,i don't trade this time of day normally but
noticed all hell breaking out of fiber,got a quick 25 pip short ,now done for the day.
4430 to 4439 still of very big interest to me.

 

[jezek5]

Re: Fiber

That was nice,i don't trade this time of day normally but
noticed all hell breaking out of fiber,got a quick 25 pip short ,now done for the day.
4430 to 4439 still of very big interest to me.

So some bad news pushed fiber down a bit in the end,i felt
a bit bearish on it most of the day although i'm still bullish
overall on it,at the very worst i see it falling to 4300 to 4320
but no lower and then we go up again i think,don't think we'll
even get that low but who knows.

 

[jezek5]

Re: Cable

Cable looking stronger that fiber today,lets see how she handles
the level we're just coming up to.
Long term support looks to be holding,pink line.

Cable again closing close to the yellow line,a kind of inside bar
formation going on here,needs to get moving north.

 

[jezek5]

Re: Dx

How crap is today?
38 pip range since London open.
So i very small bounce from the green dotted trend line
i drew a few days ago,looking for it to test 74.75 but
not sure the stock markets will let it.

What can i say,it moved up,74.75 stopped it dead
and thats about it,need to see what tomorrow brings.

 

[jezek5]

Re: Fiber

So some bad news pushed fiber down a bit in the end,i felt
a bit bearish on it most of the day although i'm still bullish
overall on it,at the very worst i see it falling to 4300 to 4320
but no lower and then we go up again i think,don't think we'll
even get that low but who knows.

Here we are almost at 4300,will be looking for a bounce around here,
got some nice short scalps on the way down once we broke 4430 but flat at the moment.
4430 was very close to London open.

 

[jezek5]

Re: Cable

Cable again closing close to the yellow line,a kind of inside bar
formation going on here,needs to get moving north.

Here we go again,cable hanging on by the skin of its teeth.