Jezek5's FX Trading Journal.

[market_bull]

Yeah, what you're basically saying is it looks pretty gloomy.
Bring on the alcohol! Well, it's not that drastic.

 

[jezek5]

Re: Fiber.

Todays close is starting to look like it might interesting.

I don't think that looks to great,i feel there is a bit more
downside to come.

 

[jezek5]

Re: Fiber.

Weekly again with a long term trend line added.

Here's that weekly chart in daily mode,looks to have fallen through support.

 

[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.

So the Dow is pulling back and my bullish targets
are looking a little silly at the moment.
I think it could pull all the way back to that 61 fib,
there looks to be some S&R around there which might
hold it and give us a bounce.
It would kinda tie in with the down move i'm looking for
with fiber as well.

 

[jezek5]

Dx.

I am looking for this to spike to the top of
the channel at around 77.60ish,
again that would kinda tie in with the dow and fiber moves
i'm looking for,so granted that won't happen now i've
posted this.

 

[jezek5]

Fiber

So....that all work out as planned....not.
I was looking for a bit of strength to be in the Dollar,
or should i say some more weakness in Fiber
but Banana Ben had other idea's and after he'd given
the Dollar good beating and left it on the floor up stepped
Moodys and booted it in the face,so up went Fiber
and then down again and closed right at 4145,a number i've
talked about many times on here before.
Two daily inside bars,i think a break either side should
give 200 pips,i'm leaning to the long side,
2 old charts that i haven't used for a while,all
lines drawn weeks ago.

 

[jezek5]

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

Hey Market Bull,thanks for stopping by,here is that "interesting' chart
again only in weekly form rather than daily.
Almost looks a little bullish,no extra lines added,i don't think
i could fit anymore on.

 

[jezek5]

Hey Market Bull,thanks for stopping by,here is that "interesting' chart
again only in weekly form rather than daily.
Almost looks a little bullish,no extra lines added,i don't think
i could fit anymore on.

And the daily.

 

[jezek5]

Re: Fiber.

I don't think that looks to great,i feel there is a bit more
downside to come.

So we never got anymore downside,i want to explain my thinking
why i felt there was more downside and the reason that it didn't happen in the
end although with markets and trading i'm fully aware anything at anytime
can happen.
The close on that pinbar was very low,earlier in the day i was still looking
for 4000/3900 to hold and a move up to start,several hours before the close
moodys downgraded Portugal and we dropped quite a bit,shown on the 1 hr chart,
in the dead hours we melted back up to where a bullish close would have been signaled
and up we went from there.
Bad price reading on my part because i missed most of the move up
from this point,i just wasn't on my game this week.

 

[jezek5]

Fiber

One last look at the hourly,
i missed this pin with the green arrow at the
red line which was a clear pivot level,i really
don't know how i missed it but after this i never
really got the feel for the market back all week.
Public humiliation over,i feel better now.

 

[jezek5]

Re: Dx.

I am looking for this to spike to the top of
the channel at around 77.60ish,
again that would kinda tie in with the dow and fiber moves
i'm looking for,so granted that won't happen now i've
posted this.

It hasn't spiked as high as i was looking for
but this weekly pin has a bearish close to it,
it's sitting right on that long term trend line.
it's time for the Dollar to make up it's mind
about which way to go.

 

[jezek5]

Re: Cable

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.

Bullish outside weekly bar for Cable.

 

[market_bull]

Hey Market Bull,thanks for stopping by,here is that "interesting' chart
again only in weekly form rather than daily.
Almost looks a little bullish,no extra lines added,i don't think
i could fit anymore on.

You aren't a heart patient, are you? Then again, I don't suppose too many heart patients take up trading! :cheesy:

Enjoying the journal!

 

[jezek5]

You aren't a heart patient, are you? Then again, I don't suppose too many heart patients take up trading! :cheesy:

Enjoying the journal!

I would think heart problems and trading
ought to be kept well apart.:cheesy:
Thanks for your coments Market Bull.
Nice late day bounce in Fiber,
needs to test 4275 at least.

 

[jezek5]

I would think heart problems and trading
ought to be kept well apart.:cheesy:
Thanks for your coments Market Bull.
Nice late day bounce in Fiber,
needs to test 4275 at least.

My other main working chart.
Just need to get over that bloody
4145 number to move higher.

 

[jezek5]

Re: Cable

Bullish outside weekly bar for Cable.

Just had to extend the two dotted yellow lines
to the right as we move across,
this might just be shaping up to move higher.

 

[jezek5]

Fiber

My other main working chart.
Just need to get over that bloody
4145 number to move higher.

Looks like we might have cleared that 4145 level,
next stop 4275 i think.

 

[jezek5]

Re: Fiber

Looks like we might have cleared that 4145 level,
next stop 4275 i think.

Strong reverse pin a few hours ago
but i don't think we're done squeezing them shorts yet.

 

[jezek5]

Re: Dow

So the Dow is pulling back and my bullish targets
are looking a little silly at the moment.
I think it could pull all the way back to that 61 fib,
there looks to be some S&R around there which might
hold it and give us a bounce.
It would kinda tie in with the down move i'm looking for
with fiber as well.

50 fib holding it so far,looking strong
out of the gate today.

 

[jezek5]

Re: Fiber

Strong reverse pin a few hours ago
but i don't think we're done squeezing them shorts yet.

4145 held again,this looks like it really wants to go up.