This is the start of my forex journals, I mainly use 1 hour and 4 hours chart to trade 6 major pairs (i.e. EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD and AUD/USD).
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moneymonkey May 23, 2011 at 11:23 am
Also just cover my EUR short this morning make about 200 pips.
Also just cover my EUR short this morning make about 200 pips.
Sitting on the sideline for now since no pairs has a good entry point.
Looking for USD recover from low.
Got out of my CHF long this morning at scratch.
This position initiated last week, now 4 hour chart no longer looks good.
Short GBP looking for retest of low.
This short is enter because GBP is still in down trend and price has pull back to moving average level.
Short price on GBP is 1.6173
Still holding on my GBP short.
Looking at price level at GBP/USD daily cheatsheet and notice that GBP is bouncing off current year 50% at 1.6070 current down trend may be over.
%#*% FXCM log me out for the whole afternoon.
I am unable to do anything about my position.
Now looking for a pull back to cut the whole thing, if can login again.
Cut my GBP short lost 130 pips and stay on sideline.
Looking at next level cable short 1.6400 – 1.6450
Since one of my own rule is not to hold any forex position over weekend if possible, so I am done for the week.
Go long AUDUSD at 1.0673 pull back hitting moving average, first target retest current week high.
Will add to my long AUDUSD if price goes down to weekly pivot and hit another moving average.
Out of half of my AUDUSD position at 1.0740 with test of week high as expected.
Now the rest set break even stop.
Short USDCAD at 0.9730 looking for test of week low.
This trade is inline with the AUD long trade, I am betting against USD and looking for a strong gold bounce.
AUD got stop out.
Set stop for USDCAD short at 0.9790.
US equity market down turn, USD coming back back time across the board.