Jezek5's FX Trading Journal.

[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.

So it bounced right off of that newly drawn channel,
was it the news or was it a tech reaction?
This is why i take very little notice of day to day news.

 

[jezek5]

Re: Fiber

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.

I've put some fibs on a 4 hr to see how they tie in with my levels,
looks like this might hold the down move for now at least.

 

[jezek5]

Re: Dow

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.

You just can't keep this thing down,a close anywhere up here
would be very bullish IMO.

 

[jezek5]

Re: Dow

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.

Bullish close,target just in sight above.

 

[jezek5]

Re: Fiber

I've put some fibs on a 4 hr to see how they tie in with my levels,
looks like this might hold the down move for now at least.

So we've retraced half of last weeks up move,
4300 holding so far.

 

[jezek5]

Re: Cable

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

Tested below the pink line and bounced back up,
strong reaction at 5950.

 

[jezek5]

Re: Fiber

So we've retraced half of last weeks up move,
4300 holding so far.

I think we go back up now,i see no reason to short fiber now.

 

[jezek5]

Re: Cable

Tested below the pink line and bounced back up,
strong reaction at 5950.

Might be going a bit mad but i really think
cable is going to rally up from this low point.
You can see on the hourly chart the spikes are getting
higher,it just might be basing here.

 

[jezek5]

Re: Dow

Bullish close,target just in sight above.

Running up nicely,it will soon be time to
see what she's really got.
At close tomorrow we will be 55 days from the last high,
almost in line with a turtle breakout trade,
my target of 13000 might be bit to conservative.

 

[jezek5]

Re: Fiber

I think we go back up now,i see no reason to short fiber now.

Blimey,no love for the euro thismorning,not trading today
NFP.Friday and all that,would like to see what she does at this level
we're at right now.

 

[jezek5]

Re: Fiber

I think we go back up now,i see no reason to short fiber now.

Oh well,i saw no reason to sell but everybody else did it seems,
well and truely got that wrong i must say.
First chart is the daily,very interesting point where we closed,
i don't think the bear has taken charge yet,
and looking at the weekly,much bigger up the week before than
this weeks down,and lastly a long shot weekly chart,again a
very interesting point to close when you look back in time.

 

[jezek5]

Re: Dow

Running up nicely,it will soon be time to
see what she's really got.
At close tomorrow we will be 55 days from the last high,
almost in line with a turtle breakout trade,
my target of 13000 might be bit to conservative.

Pulled back a bit today but ended with a strong close which
i think is bullish,two up weeks so far,i feel we'll get a third.

 

[jezek5]

Re: Cable

Might be going a bit mad but i really think
cable is going to rally up from this low point.
You can see on the hourly chart the spikes are getting
higher,it just might be basing here.

So it did rally,but from a little lower than i was looking for,
now we're back banging our head on that dotted yellow line again,
best weekly bar out of the last six.

 

[jezek5]

Chunnel

Chunnel pullback a bit this week but
no more than the other pullback we
had since this up move started,weekly
is an inside bar,needs to hold around
this level to hold it's up trend.
Upside targets of .9175 and then .9300+

 

[jezek5]

Fiber

Just messing about,the 1.4000 to 1.3900 level
needs to hold to confirm a breakout from those
down trend lines,if we could hold and bounce then
who knows where we could end up.

 

[jezek5]

Re: Fiber

Just messing about,the 1.4000 to 1.3900 level
needs to hold to confirm a breakout from those
down trend lines,if we could hold and bounce then
who knows where we could end up.

Same chart as a daily.

 

[jezek5]

Fiber.

Todays close is starting to look like it might interesting.

 

[market_bull]

"Interesting" is a definitely a proper word here. Heart patients, do not click above image.

 

[jezek5]

Re: Fiber.

Todays close is starting to look like it might interesting.

Mind you these charts are saying there might be
a bit more down side to come,daily and weekly.
Either way tonights close will be interesting.

 

[jezek5]

Re: Fiber.

Mind you these charts are saying there might be
a bit more down side to come,daily and weekly.
Either way tonights close will be interesting.

Weekly again with a long term trend line added.