Chronicle of a Death Foretold ?

Today March 6 2007 US Session UPDATE: (Live EUR/US Futures)

15:15 GMT+1

Trade 2

1. Price (131.05). Price below 36 SMA? (yes) Short? (Yes)

3. M2 BB hit? (No)
M2 RSI overbought? (YES)
Daily pivot hit (131.04 1st / 131.16 2nd)? (Yes).

Status: Missed the trade. I didnt pull the trigger on time
jjrvat
 
Quote from William Rennick:

At this point I'll have to ask that either you change the name of this thread or I'll being contacting my lawyer Esq. Delores Blasingame to seek a legal remedy. The term Chronicles of Rennick, or any derivitive thereof is under legal protection by me Rennick. We can settle this peacefully via PAYPAL, or we can take this to a new level. It's all up to you there Flapjack.

Rennick out :mad:
More...

Sorry Rennick I named my trade after a famous novel of GABRIEL GARCIA MARQUEZ "Cronicas de una muerte anunciada" in spanish (Chronicle of a Death Foretold). This novel is NOBEL price winner. It has nothing to do with you ....

http://en.wikipedia.org/wiki/Chronicle_of_a_Death_Foretold

jjrvat
 
Today March 6 2007 US Session

15:29 GMT +1

US Factory Orders at 16:00 are expected to favor the euro. Although most of the fundamentals behind this news are already contained in previous reports, there is going to be speculators.

A MACD divergences is forming. I’ll wait after 16:00 for direction


jjrvat
 
Today March 6 2007 US Session (LIVE)

16:04 GMT +1

Random comments:

1. US Factory Orders m/m (-5.6%) worse than expected. Favor a stronger EURO in the short term

2. MACD divergence in M10

Status waiting for signals to go long

jjrvat
 
Today March 6 2007 US Session (LIVE)

16:49 GMT +1

Random comments:

1. Price having a lot of trouble breaking the 131.16 daily resistance pivot point.

2. ... Maybe after Europe goes home ???

jjrvat
 
Today March 6 2007 US Session (LIVE)

17:01 GMT +1

Trade 2

1. Price (131.12). Price above 36 SMA? (yes) ? Long (Yes)

2. M2 BB hit? (No)
M2 RSI oversold? (No)
Daily pivot hit (131.04)? (No).

Status: still waiting for pullback and conditions to go long

jjrvat
 
Today March 6 2007 US Session (LIVE)

17:43 GMT +1

Trade 2

1. Price (131.14). Price above 36 SMA? (yes) ? Long (Yes)

2. M2 BB hit? (Yes)
M2 RSI oversold? (Yes)
Daily pivot hit (131.04)? (No).

Status: Waiting for pivot point to be hit

jjrvat
 
Today March 6 2007 US Session (LIVE)

18:18 GMT +1

Trade 2

1. Price (131.20). Price above 36 SMA? (yes) ? Long (Yes)

2. M2 BB hit? (Yes)
M2 RSI oversold? (Yes)
Daily pivot hit (131.04)? (No).

Status: Missed the trade again !!!!argggg

jjrvat
 
After a really mediocre day for me I decided to stop trading today. 2 out of 3 trades missed. I don’t want to start impulsive trades …..

Trading day 2 Summary

Rating: Mediocre
Trades: 1
Missed trades: 2
Profit: 6 pips

Direction Forecast for long or shorts: 9/10.

11:00 – 14: 30 Shorts. OK
14:30 – 15:45 Shorts. OK
16:00 … Longs. OK

Entries: 2/10 Missed trades. Waiting for too many confirmations in clear scenarios.
 
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