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  1. F

    Trading Excellence

    EUR/CHF trade concept was basically right. Profit was 18 pips and re-entry buy is being considered. I missed the ABC down for re-entry on AUD/CAD before it went up further today. AUD/CHF shows a good buy at about 9260 and then after an ABC up another low of about 9200-9210. The later entry...
  2. F

    Trading Excellence

    Took 13 pips on AUD/CAD and wait for ABC down to finish. If that's misread and a lower entry is missed then breaking above 8975 will probably show uptrend. A re-entry of 8925-30 is the hope at this point. EUR/CHF may drop once more after an ABC up and solid bottom seems to be about 6085 area...
  3. F

    Trading Excellence

    EUR/CHF did come lower but went up first, providing an exit or 2 pips on highest entry and 14 on the lower. It's dropped near 6100, retraced slightly and should go a bit lower before another sizable bounce up. EUR/JPY was left alone. Top of USD/CAD, A-B-C up before drop was missed...
  4. F

    Trading Excellence

    Entry buy at 6172 was taken with 25 pip stop and another entry at 6160 break even. Target remains high at 6200 or better although small bounce up first and slightly lower low may happen. Re-entry buy on E/J at 161.00 will be attempted if it gets there.
  5. F

    Trading Excellence

    GBP/USD currently seems daytrade buyable at 8500 or slightly below. Larger expected trend is up possibly for 400-500 pips so buying with trend up on dips and selling on peaks makes sense. Or holding for the week if a good entry is had. GBP should bounce then possibly drop more before an ideal...
  6. F

    Trading Excellence

    Partial is out of U/J and U/CHF. E/J trade has survived using 25 pip stop and target remains with stop moved to 15 pips. Note: Not trading with trend has cost missed profit and entering too early at less than ideal entries has cost one 15 pip stop and exposed other trades to more risk despite...
  7. F

    Trading Excellence

    Bought at 78 but bounce wan't high enough so took 15 pip loss. Re-entered at 161.40, current target is 161.75 area. Bought USD/CHF at 0926 with target of 0945+ Downtrend on USD/CHF may not be done so lower lows may happen in th next few hrs, and trend continuation on other majors is...
  8. F

    Trading Excellence

    E/J has hit a bouncepoint at 161.75ish and shows signs of providing a daytrade up to near 162.00
  9. F

    Trading Excellence

    EUR/CHf seems to have hit a bouncepoint at about 6185 although may drop slightly lower. Daytrade entry is 6175-80 and target is 6205-10 using a smalls stop of 15 pips.
  10. F

    Trading Excellence

    WASHINGTON (Dow Jones)--Existing-home sales climbed in July, rising more than expected, but inventories expanded and prices kept dropping. Home resales rose to a 5.00 million annual rate, a 3.1% increase from June's revised 4.85 million annual pace, the National Association of Realtors said...
  11. F

    Trading Excellence

    Libor Signals Tighter Credit as Banks Balk at Lending (Update1) By Liz Capo McCormick and Gavin Finch Aug. 25 (Bloomberg) -- Most of the bond strategists and salesmen that Resolution Investment Management Ltd.'s Stuart Thomson talked to last August expected the credit crunch to be long...
  12. F

    Trading Excellence

    Took partial profit at 162.50 on E/J entry but for a swing trade it was premature and stop was hit on the remaining. I didn't re-sell at higher price due to being AFK although target was valid.
  13. F

    Trading Excellence

    It was a good sell at above 70. target remains same.
  14. F

    Trading Excellence

    The E/J is showing a temporarily complete pattern nearing 162.50 with target of just below 162.00.
  15. F

    Trading Excellence

    Swiss franc moves lower ahead of Bernanke speech Fri, Aug 22 2008, 08:37 GMT http://www.afxnews.com ZURICH, Aug 22 (Reuters) - The Swiss franc moved lower against the dollar and the euro on Friday as markets await a speech by Federal Reserve Chairman Ben Bernanke later in the day...
  16. F

    Trading Excellence

    Pattern is now such that I scratch that as a trade concept despite a probable temporary bounce down from 0925ish. EUR/USD may bounce up temporarily but re-analysis is required to make for better trade entries. G/U may bounce the most, up from about 8550.
  17. F

    Trading Excellence

    USD/CHF will bounce off 1.0900 with a reasonable target of 0850 or just below. A small stop of 20-25 pips is all one should need unless near news time for one of the majors. If however at time of bounce Elliot Wave seems incomplete re today's uptrend, then waiting till completion as high as...
  18. F

    Trading Excellence

    Target reached. USD/SGD should come down more after bounce up is done.
  19. F

    Trading Excellence

    The G/U trade concept worked. I didn't take the sell but later bought it up for only 18 pips before heading for rest. Closed trade due to volitility. It's much higher now:( I bought USD/CHF instead of G/U sell and went from B.E. of 0919 to exit 0943 based on a conservative interpretation of...
  20. F

    Trading Excellence

    The USD/SGD seems in a trend down and after bounce up should continue down. Sell entry is above 4080 preferably with stop at 4110 and target is 4025. RRR is good and win rate of trading system is fairly high( havn't quite figured out the math on that one yet).
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