This chart here is a daily, its what i use to get my direction. I'll scale down for entries into a position. This is my real account i have $300 dollars in it. Had more but my damn econometrics book was a little more pricey than i thought. Now i know there has been a huge fake performance concern going on here but i mean come on who fakes a $300 hundred dollar account, i'll post my p&l once my position trade is over. For all you familiar with oanda you can see my short entry. There could be some movement back north but i will only revert to a long bias if a rally breaks 1.9100 high. Stop loss is at my entry which is 1.8937. My position is 6000 units which is .60 cents per pip. Only news for tomorrow 8/18 09:45 US August University of Michigan Consumer Confidence Should be a boring day.
I have a GBPUSD long. I think long is the direction for the short term. GBP is regaining some of its losses, and USD is going back down.
I'll post a chart later. Summary: Took short profits going into the weekend with a light long to feel out the market and will re evaluate come monday. I think the bear usd's are going to have a little bit of a fight left and i expect a bounce upward next week. Still a short bias and will only change if there are new highs. This is not a journal so posting blotter is not appropriate.
Whew, good thing i took profits. My long is working out well now too, i knew these bulls weren't done. I really don't want to start another thread to post my blotter so if you think i'm being facetious pm for a screen shot.