eurcad — check the previous 61% fib bounce... now look at the impending t/l and the 61% fib confluence...hmmmm

Slow and steady using patience and discipline !

Usdchf — Broken through top of channel. Not a good setup really...

Slow and steady using patience and discipline !

But — the GBPJPY trade did the expected (or rather planned) for a change, and I went long on Friday. Took profit at 50 pips. Should probably still be in with stop at b/e, but nice to end the week up. Bounced off the confluence, but all a bit ...

Slow and steady using patience and discipline !

Hi soso, Thanks...didn't work out, but at least moved stop to breakeven...so stopped out for zip....

Slow and steady using patience and discipline !

Audjpy — stop moved to breakeven...

Slow and steady using patience and discipline !

Gbpjpy — following the script for now.... I reckon on Monday, if it does what is planned, and bounces off area of confluence, long's the way to go.

Slow and steady using patience and discipline !

Audjpy — short taken see graph. Stop is real. Capital mx is good - sort of inconsequential trade. so..hopping on for the ride

Slow and steady using patience and discipline !

Usdchf — take 2 hitting top of channel again not the best setup....

Slow and steady using patience and discipline !

Audjpy — Chart says it all...

Slow and steady using patience and discipline !

fib 2 — And in case someone isn't convinced....

Slow and steady using patience and discipline !

Fib — Trendlines and fibs. These are 2 of my favourite things (oh my goodness...I think this is from a song from The sound of music !!?) Anyhow...here is a fib bounce. 61% certainly seems to me to be one of the most robust resistance/fib ...

Slow and steady using patience and discipline !

eurjpy — touching pink line for the 4th time now...

Slow and steady using patience and discipline !

Hi there Greg, What do you use to confirm down bias ? cheers John

Greg's Journal

Gbpjpy — Still following the script...move up...down to confluence and then a bounce up ?

Slow and steady using patience and discipline !

CHF update — Got a bit spooked by the shorter time frame and closed yesterday for 35 odd pips, but could have held on for the 61% fib on the longer time frame and managed 20 more. Still, happy with my trade. Better not to be greedy and want ...

Slow and steady using patience and discipline !

Gold — Gold update Stopped out (in theory...won't tell you what I really did !!! ) But in retrospect, other than not honouring my stop for those of you who couldn't work it out !!!, I should probably have respected the pink countertrend ...

Slow and steady using patience and discipline !

Gold — mmm...the yellow metal is on an awesome looking 4 hour downtrend....and seems to have bounced down off it... short trade taken 575.40 (stop 5 dollars away)

Slow and steady using patience and discipline !

Usdchf — Am starting to put in pivots to guide me too... S1 for usdchf is 1.2342, so once it bounced there I closed the short - 34 pip profit. Now back up to 1.2365-ish....would be interested to see where it goes

Slow and steady using patience and discipline !

2nd system....what you using for that ? and the journal's going again...thanks cheers John

Daily EUR/JPY analysis

Gbpjpy — If it pops above the pink countertrend line and then down to the rectangle of super confluence and back up (and it was Sept) I would bet the farm on a long trade. - well maybe 2.1% of the capital rather than 2 % ....

Slow and steady using patience and discipline !