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- pa18 replied Nov 26, 2009
I took profit close to the H4 50% line, since US is on holiday, I decided it was enough for today and just lay back and watch. Time to listen to music and relax for a while.
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
H4 also supporting shorts today. My H4 is going to close under H4 supply in green at the top in about 7 minutes. Must be a strongish level to break through.
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
Ok, intra day stuff. I see daily hit the bear candle 50% and market has retraced nicely for about 60 pips so far. My daily is going to close in over an hour. If candle closes below weekly support (in blue) and in the daily supply (in orange), even ...
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
I was beginning to lose the big picture so I spent some time going over my charts again and marking up what I think are important areas to trade from ... again. I find by doing this, you have a better sense what's happening. Now I notice from ...
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
Too much yapping, too much sleeping. The GU reversed whilst I was zzzz I noticed that price reversed to the long side above the 50% area, H4 closed above this and very bullish. I closed my short in profit. I did not look to the left and see the ...
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
I've been looking at the aussie dollar lately and looks like a very predictable currency to trade. I didn't take this short but I did see it a mile off. Just watch smaller tf for entry. Profit margin area (green to green) is enough and makes it a ...
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
Looks like GU is on its way, just had to wait and wait for an entry
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
Even though I mostly concentrate on GU, I've just had a gander at the other currencies and they all tell the same story, price makes new high, breakout, reverse, seems very easy to trade and yes in hindsight but I can in my mindseye where from and ...
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
In all honesty, I have no idea what direction the H4 is showing now. Seems like a tough fight between the bulls and bears. Gonna wait for a breakout and trade what I see. After a gain of 100 pips today, feels like I need to trade, I glad I'm jotting ...
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
leave it for now, there hasn't been a correction in 3 hours
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
A quickie scalp or just leave it with a tight stop ...... ?
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
Whoops forgot to add that gbp news in about 20 mins.
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
H4 closed below weekly supply so let's see if any short opportunities.
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
Took profit on weekly supply area (in blue). I saw five min candles close red and I saw on 15 min closed below this area. As I'm typing this, I see price jumped through this level, sods law! Still happy with the 1:6 RR. Maybe one more punt too ...
Pete's Forex Trading Journal
- pa18 replied Nov 25, 2009
my GU looking good so far. 1 hour just closed about supply turned demand.
Pete's Forex Trading Journal
- pa18 replied Nov 24, 2009
GU daily is showing a key reversal day if my day closes in 2 hours, if so then I'll be looking for long positions for today. Not sure how to see H4 for a trade yet, market approaching weekly 50% area so possible shorts, just have to wait a while ...
Pete's Forex Trading Journal