Thread: Unimportant fellows equally unimportant journal v2.0

Back in March 21, 2007:

Originally Posted by ;

1. Within my charts the open of the day along with the high before the news came out are different prices. The gap was not that large but it was. The market was trading over the available price.
2. The delay was caused by the reason that was apparent. The market was expecting a news scheduled for a specific moment.
3. The shift in the course of the chief move of the day just three hours before the end of the day and using 30 pips intraday range and on a major news release practically guarantees that the expansion at least in ATR. Just like shooting a fish in a barrell....

I am not positive whether the 00:00 coincides with New Z. open up time, it might be off by a couple of hours.

was off and by the time I came back the EUR/USD tl obtained broken. Therefore the only option left now is to wait for a retrace back to the trendline. Additionally I do not see a high close to the TL which could've been used as a stop, so if I'd sold it would've been with a 60 pip stop above the nearest high or a fixed distance stop above the TL.



Additionally my EUR/CHF sell only got triggered however, the price jumped back to the TL. Yikes. The one thing I could do now is wait patiently for the result.

Here Is a setup on CAD/JPY. It's high risk, as neither of these borders is confirmed with 3 bits. However, the lines are almost completely parallel on fxTrade and completely parallel on MeatTrader4, so I am willing to have a bet.
Two trades with divided risk:
Brief at 82.04, SL1 - 82.22 (above TL), SL2 - 82.374 (above October 6th large )
TP - 80.2

Order for 18.1 on USD/JPY, which also contrasts with a triangle pattern. In case it gets broken a sell position is going to be established @ 81.726, with a stop above the day's high at 82.02. TP - 81.25 (~90 percent ADR). It's relatively late to exchange this particular template, but as the pair is at 33 percent 40ADR there should be an expansion to a side or another. Just 1 way to find out.

My EUR/CHF market was performing very good yesterday, but maybe not as quite now. The most it attained was approximately 1:3 R:R, and I don't want to shut it prematurely. I didn't even move my stop nonetheless, it is in the original place. When I get stopped out I get stopped out, that cares. Need to provide this thing a chance.

Originally Posted by ;

Was away and from the time I came back the EUR/USD tl obtained broken. Therefore the only alternative left now is to await a retrace back to the trendline. Additionally I don't find a high close enough to the TL which could've been used as a stop, so if I'd sold it would've been with a 60 pip stop over the closest high or a fixed distance stop over the TL.



Additionally my EUR/CHF sell only got activated however, also the price jumped back on the TL. Yikes. The only thing I can do now is wait for the outcome.

The retrace happened, as I imagined. Do not enter on it, posting to the album and for the precision of the re-approach. Beautiful.
Oh, Miss Market, you so fine, you so fine you blow my head.

Originally Posted by ;

USDCHF intraday gemstone in advance? Looks like it. If I am not mistaken this is just one diagonal diamond, and as it is pointing up we ought to see it breaking into the downside.

Not certain if this was a gemstone. I think that it must have made an approach/break of the lower border of the ideal hand side of the triangle after defining the top border.

Originally Posted by ;

If that was a legit gemstone on GBPUSD, then the issue is whether that is a gemstone that is legit too? Some similarity on the right hand side of the diamond.

Do not think this was a gemstone. What I think happened, was that the market was forming a broadening triangle first, then it changed it's mind and began forming a rough horizontal station such as symmetrical formation.
Those elusive diamonds.

Originally Posted by ;

Support on EURJPY. I wonder how crazy would it be to market the break? The day's range is too significant. I really could sell using a stop above an intraday high but I must wait until an high is formed. I could also simply sell with a distance stop but I have mixed feelings about it. However, most likely it will be busted today and I'll find a better loion.

And the answer is, it would have been a bit mad. Good thing I did not trade something I wasn't sure about.

Originally Posted by ;

Just applied 18.3 on USD/JPY. I'll leave the trade run before the end of afternoon. Stop - 83.1.

I'm moving the stop above the day's current high, reducing my risk. Not precisely BE but good enough.