Baruch's Forex System Journal

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Lost faith in JPY long (lots of selloff on tape), exited all here at 9270 level, with a position average gain of +216 T. Waiting to position for short around 9275 level.

Also, finally lost faith GBP short, exited here at 17990 level, for a mere ~+30 pips.
 
Quote from Scientist:

Also, finally lost faith GBP short, exited here at 17990 level, for a mere ~+30 pips.
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Looks like it was the right decision.

Re-entered GBP short at 18014-18 level (top of channel).

P.S: Far out! Starting to look like I covered the EUR right at the bottom! :eek:
 
Quote from Scientist:

Looks like it was the right decision.

Re-entered GBP short at 18014-18 level (top of channel).

P.S: Far out! Starting to look like I covered the EUR right at the bottom! :eek:
More...

GBP.. looks like its gonna rip higher
 
Quote from Scientist:

Looks like it was the right decision.

Re-entered GBP short at 18014-18 level (top of channel).

P.S: Far out! Starting to look like I covered the EUR right at the bottom! :eek:
More...

Good morning Scientist,

Still short GBP??
 
Quote from Scientist:

Lost faith in JPY long (lots of selloff on tape), exited all here at 9270 level, with a position average gain of +216 T. Waiting to position for short around 9275 level.

Also, finally lost faith GBP short, exited here at 17990 level, for a mere ~+30 pips.
More...

Scientist;

Are you now short JPY?
 
Quote from Scientist:

Looks like it was the right decision.

Re-entered GBP short at 18014-18 level (top of channel).
More...
Well, later on, the tape was clearly in favor of buying this issue higher up, so I decided to wait for a retracement to exit flat. My stop 2T below the prior high (045) never got touched, a little retrace happened, and I finally exited all at ~ -9T on most of the position.

Since I was targetting around 100 T with the 920 level (channel bottom), it was a great R:R play, but even The Scientist can't always win! :p

I should've gone and taken the break north, but at later than 7am(!) my time I was way too tired to keep trading... :(
 
Quote from Scientist:

Update: Just completed fill for short EUR @1.2230
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Now, how was that one for a perfect entry, folks? Picked the top within 2T! Jeez, I love doin' this! :p

Well, later on, (supported by the round number and the GBP strength) it was clear that the 1.2200 was going to hold, so I scaled out over the 205-200 level, covering with a position average of +27T. Some of the pos was left open with a stop at the 205 level before I went to bed (that was just after it hit 193), so that's it.

I was still up till just before EUR broke, taking my profits and talking to T4S (one of my best trading friends and part of our chat), saying I'll hold some EUR for 205, hopefully it'll go 100T in my favor till I wake up again. Well, there it goes! :D

Also said the EUR would really rip once 208 was broken (the trendline on that retracement), but I wasn't standing anymore to witness or participate. This market can really fry ya! :(

Ah well. It wasn't really a bad trade... :)
 
Quote from Scientist:

Well, later on, the tape was clearly in favor of buying this issue higher up, so I decided to wait for a retracement to exit flat. My stop 2T below the prior high (045) never got touched, a little retrace happened, and I finally exited all at ~ -9T on most of the position.

Since I was targetting around 100 T with the 920 level (channel bottom), it was a great R:R play, but even The Scientist can't always win! :p

I should've gone and taken the break north, but at later than 7am(!) my time I was way too tired to keep trading... :(
More...

Hi Scientist,

Good you took your loss. To me the chart said GBP should north.
 
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