Jezek5's FX Trading Journal.

[jezek5]

Re: Fiber.

I think we need to test 4330,will be scalping short to there and see then.
Although there seems to be a very strange bid under fiber at present,
dollar is total rubbish as normal,needs to get some traction.

Covered the other half of my short for 100 pips,
todays target of 4330 hit but what a strange way to get there.

 

[jezek5]

Re: Fiber.

Covered the other half of my short for 100 pips,
todays target of 4330 hit but what a strange way to get there.

This is crazy,although it's what i was planning to happen,
with all the anti euro news i didn't think it would play out.
I'm not reading any news for a few weeks because it
isn't matching the price action at all.
Some would say does it ever.
Just to add,i normally can let the news just flow over me,
but the last few days i've not done that,really pissed off with myself.

 

[jezek5]

Fiber.

Going to look to buy around 4430,
PA needs to be watched at that level.

 

[jezek5]

Re: Fiber.

Going to look to buy around 4430,
PA needs to be watched at that level.

Long at 30.

 

[jezek5]

Re: Fiber.

Long at 30.

Still chopping it's way up,might be wrong but it feels like
4500 is being very protected,it feels like they're
down here around the 4450 mark trying to get a bearish move going.
I don't think they can stop it,target 4517 to 4524.

 

[jezek5]

Re: Fiber.

Still chopping it's way up,might be wrong but it feels like
4500 is being very protected,it feels like they're
down here around the 4450 mark trying to get a bearish move going.
I don't think they can stop it,target 4517 to 4524.

Stopped out for a 10 pip loss,clearly i was completely wrong.
Shutting down till next week,NFP tomorrow.

 

[jezek5]

Re: Fiber.

Still chopping it's way up,might be wrong but it feels like
4500 is being very protected,it feels like they're
down here around the 4450 mark trying to get a bearish move going.
I don't think they can stop it,target 4517 to 4524.

W#nkers.

 

[jezek5]

Re: Fiber.

4316 was the final print on my charts,all sorts of bad
news about the euro zone but for me both the weekly
and the monthly look bullish.
Daily closes above 4050 needed for me to keep this view.

Almost 400 pips higher,didn't grab as many as i should of.
Needs to hold above 4400 for more upward movement,
don't see any reason why it can't do that,still looking bullish.
Note...I'v changed the colours of the bars a bit,green are outside bars,white are inside bars
so then i can have red and blue bars for down and up.

 

[jezek5]

Re: Dx

If the Dx can't muster any kind of bounce from here
then it could be looking very bleak indeed.

Look at the state of that,just awful.

 

[jezek5]

Re: Fiber.

Almost 400 pips higher,didn't grab as many as i should of.
Needs to hold above 4400 for more upward movement,
don't see any reason why it can't do that,still looking bullish.
Note...I'v changed the colours of the bars a bit,green are outside bars,white are inside bars
so then i can have red and blue bars for down and up.

Hourly chart,bit stuck at the moment,not reading any news this week,
i guess we need to knock out 4700 and see what we do then,
crappy Wednesday so far.
A pullback to about 4635 to buy for a run at 4700 looks like
a possible play.

 

[jezek5]

Re: Fiber.

Hourly chart,bit stuck at the moment,not reading any news this week,
i guess we need to knock out 4700 and see what we do then,
crappy Wednesday so far.
A pullback to about 4635 to buy for a run at 4700 looks like
a possible play.

Fell right threw my buy level of 35,didn't buy,watching it now to see if
it becomes resistance,or pushes back up threw.
Thinking it might want to go a bit lower,4555 maybe.

 

[jezek5]

Re: Fiber.

Fell right threw my buy level of 35,didn't buy,watching it now to see if
it becomes resistance,or pushes back up threw.
Thinking it might want to go a bit lower,4555 maybe.

Got short at 4630 and covered at 4580,only trade of the day,
50 pips,done for this day.

 

[jezek5]

Re: Fiber.

Got short at 4630 and covered at 4580,only trade of the day,
50 pips,done for this day.

Just wanted to post a 15 min chart to show myself
how clear that 4635 level was for a long or short play,
i always trade manual,i never take a position on an order.
Looks like planned 4555 about to be hit,don't care i've done my
job for the day.

 

[jezek5]

Re: Fiber.

Almost 400 pips higher,didn't grab as many as i should of.
Needs to hold above 4400 for more upward movement,
don't see any reason why it can't do that,still looking bullish.
Note...I'v changed the colours of the bars a bit,green are outside bars,white are inside bars
so then i can have red and blue bars for down and up.

Lets see if 4400 holds this pullback,no
trades till monday.

 

[jezek5]

Re: Dx

Look at the state of that,just awful.

It's done nothing yet 74.45ish might hold the up move.

 

[jezek5]

Re: Dx

It's done nothing yet 74.45ish might hold the up move.

Went a little higher than i thought but then short covering
always overshoots,back up at resistence.
Next week could be interesting.

 

[jezek5]

Re: Fiber.

Lets see if 4400 holds this pullback,no
trades till monday.

Weekly chart,smaller bar than last week,needs to test 4400
and we'll see from there,although i've been short this week i'm still bullish for the moment
but that could change quickly.

 

[jezek5]

Re: Fiber.

Weekly chart,smaller bar than last week,needs to test 4400
and we'll see from there,although i've been short this week i'm still bullish for the moment
but that could change quickly.

Been looking back a some of my older posts and i was watching the 4335
level before,here we are right at that level,it needs to hold,if not we
could be at 4070 very fast,there were some very strong bids down there the last time.
I've been reading some forums today and some traders i respect a lot seem very bearish
on this pair,i'm really not so sure,i still think there could be a good long play around
here somewhere,oh well time will tell.

 

[jezek5]

Re: Fiber.

Weekly chart,smaller bar than last week,needs to test 4400
and we'll see from there,although i've been short this week i'm still bullish for the moment
but that could change quickly.

This up move felt like it was mainly short covering,
we will soon get to see if there are any real buyers around.
Day and 1 hr chart.

 

[jm4x]

Re: Fiber.

This up move felt like it was mainly short covering,
we will soon get to see if there are any real buyers around.
Day and 1 hr chart.

jezek5, that h1 chart looks like the old laddle spoon pattern with the pips falling out.I think your intuition is right.We'll see. Short for me with a long term trade.