My Forex Journal

Cswim63 said:
Anyway I still think USD/CHF is still valid, just the parameters, have changed.
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It looks good.... might even go far... but it is not an A1 for me so I have to pass... cause if I do not and start accepting my second signals then %'s will go down... I stick to my rules
 
wizard4444 said:
Yes...but round numbers I do.... I even close a position sometimes when it reaches a round number
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OMG, so it is true that human traders consider round numbers as support/resistance level.
Exactly that's what I am working on with my research at the moment .
But you don't have to worry too much about round number effect during openings cos when market is highly liquid, round number effect disappears only when market becomes illiquid, it exhibits round number effect.
 
Cswim63 said:
well, you yourself said you don't pay too much attention to s/r. It's going where it's going regardless. I like the chart. It's broken above, then had a hard retracement. Looks like a shakeout of weak longs. Plus,it should shadow the euro, which is looking vulnerable here as well.
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Cswim63, you seem very knowledgeable about the market... you must have been trading for long time .
 
victorycountry said:
Cswim63, you seem very knowledgeable about the market... you must have been trading for long time .
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well, yes and no. Not trading now. Was getting good then broke up with girlfriend who was backing me. I've been watching the markets since after college in 86. Blown out a couple times. Spent 15 years learning from a guy who had a really different way of looking at things, which I still use. He traded but was more of an investor in a way. His material was better than his trading. I'm going to get this or die trying.
 
Cswim63 said:
well, yes and no. Not trading now. Was getting good then broke up with girlfriend who was backing me. I've been watching the markets since after college in 86. Blown out a couple times. Spent 15 years learning from a guy who had a really different way of looking at things, which I still use. He traded but was more of an investor in a way. His material was better than his trading. I'm going to get this or die trying.
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There's more but it'll come out when the context is right. Jim's work was about demand, and I still look at the markets from that perspective. Is there a strong force driving this particular thing we are trading? What is it based on? Who's in control right now? I tend to look at what's in play now, and the other markets reaction to it. I like to see how something reacts to news if it's significant enough. I believe in trends, which doesn't seem that meaningful until you meet someone who is a trend deny-er. I love the intellectual aspect of trading, trying to figure out how it all fits together. OK enough from me. Haha
 
wizard4444 said:
AUDNZD LONG@1.08236
SL@1.07173
TP@1.09299
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It appears AUDNZD are approaching somewhat strong resistance now
On 30 min chart - it has touched
On 1 Hour - approaching and nearly there (1.08300)... but at next hour, the resistance might become more bullish and if that happens it will go up more otherwise prices will fall. so wait and see.

There is no trend with EURO & GBP at the moment, but something might happen in the next 20 minutes cos London opening has only 1 H and 20 minutes.
 
wizard4444 said:
I am pissed on myself big time.... because I usually wake up and take my signals. I am under the weather and decided since it is demo to not last night(I mentioned I am not going to trade till tomorrow on a post)... and all kinds of signals came in.....and I missed them...
I move on...
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I hope you get well soon !
 
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