gbpusd - broken through resistance at 1.5280, so looking to add as the pair pull back to support.

Looking For "COUNTER TREND" To Become "TREND"

usdcad - a break and retest at 1.04 and looking long for this pair. If it begins to approach the broken trend line, then looking to exit and a potential major correction. 3rd retest setup...

Looking For "COUNTER TREND" To Become "TREND"

gbpchf - still holding a partial position short - however alternative view of the pair is moving to a long position. The point of the W pattern provides strong support. If the blue support block does not get taken out, a potential strong move to the ...

Looking For "COUNTER TREND" To Become "TREND"

gbpusd - we got the retest of the new support area and exited partial short position and took long position. Will take part of the position off prior to next resistance level and see if the gbp can begin trending north.

Looking For "COUNTER TREND" To Become "TREND"

usdjpy entry at trendline today - each of the past 3 months rally in week 1 - break and hold below 100 will look to exit and look for potential correction, which could be substantial.

Looking For "COUNTER TREND" To Become "TREND"

audusd - has broken inner trendline and has begun to make support at 96 handle. On a break of 97 and retest could provide a long trade to the outer trendline.

Looking For "COUNTER TREND" To Become "TREND"

eurnzd - today has broken the trendlines, however need one more day to see if it will hold or come back under. If we see a hold and some support being created, will exit short position and begin to look for a long entry. If it cannot hold above, I ...

Looking For "COUNTER TREND" To Become "TREND"

gbpusd - pair has broken the 1.5160 area - looking to exit remaining portion of the short position on a re-test of support and enter a long position. The yellow circle is a "W" pattern and the center part of this pattern usually provides excellent ...

Looking For "COUNTER TREND" To Become "TREND"

euraud - a counter trend small position at the resistance wall - looking for a move back down within the channel

Looking For "COUNTER TREND" To Become "TREND"

gbpusd - trendline has been breached, however will it hold. S/R has not been broken yet, so still holding remaining portion of the trade to see if trendline holds. If the Resistance is broken then definitely will exit and a potential long trade ...

Looking For "COUNTER TREND" To Become "TREND"

eurnzd - added a position looking for both trendlines to hold

Looking For "COUNTER TREND" To Become "TREND"

gbpchf - took 2nd position at resistance level - looking for down trend to resume - a close above the resistance level and will exit both positions with overall profit. gbpchf - on the drop down to the trendline, took profit on first position and on ...

Looking For "COUNTER TREND" To Become "TREND"

audusd - interior trendline broken - need to see some support structure developed before considering a long entry - PA below the break through point would continue to be bearish

Looking For "COUNTER TREND" To Become "TREND"

TSD, thank you for the kind words. A good start to the Journal Thread. Yes, I have all the planning portion complete, now it is time to execute it in the charts - that is the tough part. I try to keep it simple, but in future posts I will expand a ...

Looking For "COUNTER TREND" To Become "TREND"

Position Summary - gbpusd, gbpchf, eurnzd - profitable trades, riding the trend with remaining positions - exiting at trendline breaks or major support walls - eurusd - full position, still waiting for breakdown

Looking For "COUNTER TREND" To Become "TREND"

gbpusd - riding the trend down - looking for a test down to the 1.48 area Took 3/4 of the position at 1.5080 and will let the rest ride down to the 1.48 area - should we have a trendline break of the yellow line, then will exit prior to 1.48 area

Looking For "COUNTER TREND" To Become "TREND"

usdjpy - ready to see if the rally will begin again. The first three arrows show rally's taking place the first week of each month. Well defined trend - no reason to be thinking short on JPY instruments. Watching the 100 handle...

Looking For "COUNTER TREND" To Become "TREND"

Prior to weekend - Exited gbpnzd at breakeven, will re-evaluate next week for trend continuation or trendline break eurusd - eurnzd - gbpchf - holding positons for next week.

Looking For "COUNTER TREND" To Become "TREND"

eurnzd, exited 3/4 of the position down at 1.5877. If the blue trendline is broken and held, time to exit with a small overall profit. At that point, would be looking for long entry...

Looking For "COUNTER TREND" To Become "TREND"

gbpchf trying to clear the white support wall, targeting blue support wall in the 1.43 handle

Looking For "COUNTER TREND" To Become "TREND"