Jezek5's FX Trading Journal.

[jezek5]

Re: Fiber

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

I put that green line on this chart on the 10th of july,
am wondering if we might climb it for a while.
All the way to 4600 maybe,who knows.

 

[jezek5]

Re: Fiber

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

So that 4145 proved to be a good starting point
again today,just for a bit of fun i've posted an
hourly chart with an inside bar formed on it,
the London open was at 4190 so in theory this should
be a long.
I'm looking for an entry.

 

[jezek5]

Re: Fiber

So that 4145 proved to be a good starting point
again today,just for a bit of fun i've posted an
hourly chart with an inside bar formed on it,
the London open was at 4190 so in theory this should
be a long.
I'm looking for an entry.

Nothing doing on that.
Stocks selling off at the open.

 

[jezek5]

Re: Fiber

Nothing doing on that.
Stocks selling off at the open.

Blimey,you just can't keep a "good" euro down,
or is that you just can't breath any life into a
piece of ship dollar?
Three up days,still haven't got to the top of that inside
bar formation on the daily,still looking long.

 

[jezek5]

Re: 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.

Inside bar day for cable,looking for this to go higher.

 

[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.

Testing.

 

[jezek5]

Testing.

First test failed.
Nice,squeeze the shorts out then drop.

 

[jezek5]

First test failed.
Nice,squeeze the shorts out then drop.

And look where it stops,right at 4145,
where have i seen that number before,
i'm done for the day,made my target,
everything needs to reset now.

 

[jezek5]

First test failed.
Nice,squeeze the shorts out then drop.

So,the first test failed but the second didn't,
kinda wished i'd hung around for that,never mind
no money lost.

 

[jezek5]

Re: Fiber.

Bit of resistance up here,might be done for the week i think,

 

[jezek5]

Re: Cable

Inside bar day for cable,looking for this to go higher.

So it went higher,it looks to have broken out to the up side.

 

[jezek5]

Re: Cable

So it went higher,it looks to have broken out to the up side.

The ideal play on this would be a pullback to 6150
and see how price reacts there,i'm looking for 6500
to 6700 next week on this if we can hold.

 

[jezek5]

Re: Dx.

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.

The most basic of basic DX weekly chart
posted last week played out it's bearish pin nicely,
looks like it's falling out of that rising trend line
although its close might give it some hope of a
bounce i think we're going much lower soon.

 

[jezek5]

So,the first test failed but the second didn't,
kinda wished i'd hung around for that,never mind
no money lost.

As mad as the last couple of days seemed fiber
bounced between these lines that where drawn
weeks ago really well,would think that 4275
might be support now,time will tell.

 

[jezek5]

Dow

Strong week for the dow really nice bounce off
the 50 fib,bullish outside bar on the weekly,
looks like more upside to come.

 

[jezek5]

Fiber

I can't put it any simpler than this,as long as
we hold above that red line on this weekly
chart the majority of my trades will be to the long side.
Not saying only long but i'm always leaning to the long side.
If that breaks then everything will change.

 

[jezek5]

Ok,first chart,the DX.Most pairs i trade has the $ in them so i watch it closely.
I've been bearish the $ for sometime and nothing on this chart will make me change my mind.Price has closed right at the low for the week,not a great sign.
I've been watching it try to get above 76.95,i feel that the rejection of that level opens
the way for a move much lower.Price is at 75.55,i would expet price to hold below 76.15
on daily closes to get a move going down to test 74.40 and perhaps 71.60.
Closes above 76.95 would mean i'm wrong and need to reassess things.

My first post on the DX on the 20th of march,i think we're getting
ready to make a run at my low target of 71.60 same chart as posted then,
i think it's starting to break down now.

 

[jezek5]

My first post on the DX on the 20th of march,i think we're getting
ready to make a run at my low target of 71.60 same chart as posted then,
i think it's starting to break down now.

All going to plan so far,
just a couple of levels left
to go on the down side,sitting at one
of them right now.

 

[jezek5]

Re: Cable

The ideal play on this would be a pullback to 6150
and see how price reacts there,i'm looking for 6500
to 6700 next week on this if we can hold.

It didn't pullback and i didn't bloody get in,
would buy around 6280 to 6320 depending on PA
on the hourly chart.

 

[jezek5]

Re: Fiber

I put that green line on this chart on the 10th of july,
am wondering if we might climb it for a while.
All the way to 4600 maybe,who knows.

4600 in sight,after that 4955 is what the magic chart is saying,
nice solid PA.
The other chart is how things looked 10 days ago,how lucky is that?
Looks like we're getting a bit ahead of things,could really do with
slowing down a bit,a day or two backing and filling would be good.