Hello traders, Got into a short on Usd-Cad...missed the big run earlier. Entry could have been a bit later...actual entry candle shown by red arrow. Price has since come back to test the L-MLH area. Also, Bernanke to speak in about 1 hour, so the market may be idling. Someone emailed or PM'd and asked if I would give some explanation of the "why" behind the entry... On this one, price was in a downtrend. It gave a bounce and seemed to be hitting resistance at the red L-MLHs...(almost traded the bounce, but thought I would look for an entry to go down). Not alot going on...up around 2 pips. Will see if it continues down as there is a support area on the H4 where the bounce began. Chart shows where price is now..up about 6 pips...not expecting too much unless the H4 support gives way. FX4
Got long on Eur-Gbp and managed to send a signal. Came to within 4 pips of my anticipated entry price. Now this is where it gets tricky...price is at the ML....would it blow past or should I bank my profits? Hmm.... thinking it may go higher. Decisions...will keep an objective eye. FX4
Hello all, Had a very busy but productive week. Not as much trading as I would have liked, but still moving forward. The weekly chart wrap-ups will be posted on the blog Pitchfork Goldmine by midnight EST tonight. Take care, FX4
Hello all, Hope everyone is doing well. Continue to be busy...got a quick trade in toward the end of the week. The weekly wrap up charts are now posted on the blog Pitchfork Goldmine. The Xau-Usd chart had a giveaway of a trade. Hope some of you are finding trades from those set-ups. All the best this week. Happy July 4th to US traders. FX4
Hello trades, Got into Eur-Usd yesterday....below is the chart. A Schiff fork actually would have had price at the Ml. Price continued to slide down the U-MLH like it was glued to it before going lower. Take care, FX4 P.S. Weekly wrap-ups should be up by midnight on Saturday.
Hi again, Here is a trade I got into this morning...long EU. If price cannot clear SH, would be considering taking the exit. FX4
Hello all, Hope your weekend is going well. The weekly wrap-ups are now posted on the blog Pitchfork Goldmine. Have a great trading week. I will do my best to do the same given my upcoming schedule. All the best and take care, FX4,
Okay Traders, Hope you had a great week. The weekly wrap-up of the pairs I follow on the blog are now posted. Will try to get in on some of the trading action this week. Let's hope the market doesn't get too wild with all the happenings with The Dollar lately. All the best, FX4
Hello Traders, Hope you all had a great trading week. Had an overwhelmingly busy week. Got in some quick trades on Friday. Very successful week regarding some projects that were on my desktop. Now I can breathe a little easier. Weekly wrap ups will be posted on the blog Pitchfork Goldmine by Saturday around midnight EST. Enjoy your weekend. FX4
Well I was able to place some trades today, but got into some entanglements on Nzd-Usd. Managed to actively manage the risk and come out ahead...didn't lose any $$$. Made a few on EurUsd...late entries. Should have been a couple of hundred pips for the day, but I am grateful that I lost nothing, but actually made some. Still not quite in the flow but will keep on. Hope you all did well today. FX4 P.S. Recently completed some important travels. Trying to get back in the flow now.