Search results

For what it's worth, I personally like anything that brings attention to the U/J because I like trading the JPY crosses especially the G/J and, as you may know, the JPY often leads movement for those pairs during Asian session. I'll try and watch the JPY more closely over the next week or so and...

After reviewing the weekly candle patterns with empahsis on Elliot Wave analysis I still favour the sell concept mentioned earlier however do note that Stochastics indicate oversold. If I were to trade the U/J I'd want to see an opportunity for a bounce off 105.00 again, double bottom or...

So down it came, further than the conservative target... I missed the bounce this a.m. however still think it will come down again so will watch for another low entry as the rebound up should be significant. Will catch confirmed uptrend if lower low doesn't happen. Was AFK for the uptrend...

If I had to choose I'd choose that the U/J will continue to drop and the move up over the last several from about 105.00 is corrective and not a reversal of larger overall trend. Either way one can trade the daily bounce points with small stops if one has a precision method of catching bounces...

From last night... "Noting that the GBP/CHF bears a look at 2.1748 as it may not drop much more before bouncing back up. " There was a 30+ pip bounce up from aforementioned price before the large descent. Isn't it amazing what can happen while asleep? Missed catching the GBP/CHF today...

Here's a site that may help... http://www.forexmarkethours.com/ I do like the GBP/CHF and occasionally comment on it in the following journal. Today I'm exploring the site to get to know it better. Cheers...

Forgot to mention the Forum... lol http://www.elitetrader.com/vb/showthread.php?s=&postid=1788299&highlight=Trading+Excellence#post1788299

Some may find this site interesting. http://www.forexpeacearmy.com/public/forex_broker_reviews Although I don't know yet how much there is that I havn't learned, after working the Forex part time for about 3 years I think it's safe to say stay with large brokerage firms as the smaller...

At this time it appears that the CHF has failed its Elliot Wave patter up on a larger scale(1hour/30day) and seems a confirmed downtrend now. I suspected it would reach higher first but seems to be a truncated C of ABC up. Now the larger Swing apears down and despite smaller corrective upward...

On a 1 hour 30 day chart it may tend to hit resistance above 9050. Needs more due diligence on my part though. Noting that the GBP/CHF bears a look at 2.1748 as it may not drop much more before bouncing back up. Off for sure now.

On larger scale I concur with your AUD trend continuation however will need to study that one a bit more to determine if it's ready for further pullback. As of now though I'm off for some rest. Regards:cool:

Buy entry has moved from an earlier drop expectancy of about 1050 to about 1025-30 if it gets there. The larger Elliot Wave pattern and other indicators favour a further swing up with target of above 1100. I think that one can use a 15-20 pip stop and expect a 60 pip reward with a RRR of about...

O.K., thanks. Still polishing my system although have it descided in theory. The EUR has become clearer as it breaks up and away, took longer than I thought so began to wonder if it wouldn't given that the pattern was less than ideal prior to recent ascent. At this time the breakout target...

Right you are about 4600+ resistance. I don't follow futures. Is it recommended and what are the best references? Eur/U continues to show a less than ideal pattern. The U/CHF shows clearer sign of probably trend up but I wouldn't consider entering until after a drop to the 1050 area first...

Was late getting into confirmed GBP/JPY and have exited despite a possible nearterm target of 211.60ish before bounce down. Conservative targets preferred. EUR/USD has confirmed an upward trend leaving the original proposed conservative entry a missed one. :cool: 4600 within reach... had...

Whats it about besides Forex you mean?:) For me it's about honing trading precision and recording a journal of proof positive entries and targets with calls made in advance. Maybe I should have chosen a less busy site. Having said that any focused forex commentary is encouraged, be it comments...

Now that the Pair has reached the 4540ish mark it should bounce however not by much yet probably. The Elliot pattern shown by minute charts indicate further descent before larger uptrend resumption as the likely cenario as outlined in previous post.

At this time I'm waiting for a drop back on the EUR/USD and will attempt to ideally catch it from a "bouncepoint" up towards higher than where it is now. An entry around 4500-4510 may well provide that ideal with a good reward risk ratio although a less conservative entry for a return uptrend...

Greetings, As a personal developement excercise the Foreign Exchange Financial Market has been and remains beneficial in my opinion. Mastery is the goal and the destination is an unfolding journey towards better living. Welcome to the Journal. I hope it can be of at least some assistance to...