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...and we did punch through that 162.56 resist for a bit but it did hold. Looks like a good time to cash this trade in for the 45pips and wait for a break of the resist. I'm looking at the 15min @ 5PM PST.

I agree with you. This is a more risky play as the support is not very solid @ 162 and the trade is focused mainly on the rising trendline (which crosses with the 162 figure), seen in my screenshot above. I also agree with your resistance statement. I don't have much to comment on the...

Looks like it's ready for some upward movement to the 164 resist line. Below is a shot of the E/J from my journal back on April 23... http://i24.photobucket.com/albums/c26/sammybiker/eurjlontermcopy.jpg Now, check out the continuing downward trendline, corresponding with resist @ 164...

Nicely done, looks good.

Closed for +29 pips/ .975 didn't break on the hourly and I don't feel like sleeping on this one.

I'm in for a small short @ 1.9783, playing the downward trend channel on the hourly. The channel is shown below... <a href="http://s24.photobucket.com/albums/c26/sammybiker/?action=view&current=gbpusd-3.jpg" target="_blank"><img...

I'm enjoying the journal, thanks for posting. EE at Yucca? Hmm...Bechtel? Nonetheless, I'm a little ways North of you, turning all of this wonderful glowing mess into glass. Take care and keep it up!

Great journal Cash, I look forward to reading more. Nice to see more FX journals.

Nice work on the shorts!

Sounds good, looks like there was a nice dip down to the lower support at the London open. Interesting to see if that 1.975 & 1.978 level will hold now...US markets suck, not sure what FX related news may be coming...

And here comes the upward movement, lets see if we can get it to follow through...

Are you looking for a break below the range or holding for long term and will just continue to add shorts until we bust through to 1.93, etc...? The chart looks clear to me and I guess I cannot understand holding short right now unless doing it for the longer term. The range still looks like...

We're at the bottom of this ascending triangle on the hourly, looks about time to go long for a counter trend move. Thoughts?

Long on the break of 1.97 maybe? 1.968 looks like it will be hitting that upward moving trendline. Target being north of 1.98...? You're looking to play this overall ascending triangle range, correct? <a...

Out for +105 pips. No one else played the drop?

+115 pips, letting her ride.

Bump! I'm looking to see some more downrun with the GBP and today's pop looks like a good selling op into the range that we've had over the last couple of weeks... Below showing the hourly with the descending resistance levels along with a slow upwards moving support line. <a...

My limit sell was missed by a few pips and I subsequently missed the boat. Congrats to those who made some pips on the drop last night :)

Thanks for the feedback! :) I agree with the work on trade management. I'd like to think that I have the money management pretty squared away as I trade very small but I'm open to your comments. My guess is the doubled second limit order drew some alarm? But yes, entry/exit points...

*I certainly think that having you explain how/why you are trading what you are would be beneficial. Anyway, what I'm seeing on the short & longer term...same old stuff that's been posted the last couple of days but here it is again... Long term downtrend... <a...