The Wallace Trading Method

Discussion in 'Journals' started by Wallace, Apr 30, 2012.

  1. think the main fundamental is the US GDP on Thursday at 8:30am est, this is the
    Preliminary or second release of the GDP data, should come in at consensus but
    anything less would be a surprise. late Tuesday early Wednesday sessions will be
    the times to watch for trend changes

    for Monday August 26/13 ~ 2:44pm pst

    ALL CAPS major trend ~ Initial Caps interim trend ~ Initial session trend
    > indicates a change in one or more of the trends

    > dx: SELL ~ Sell ~ S: caution: either-or decision, either the price is going up or down
    and I'll go with the down
    > eur: BUY ~ Buy ~ B: IF the price rallies should do for 2 sessions
    > aud: SELL ~ Buy ~ B: 'think' price will rally
    > gbp: SELL ~ Buy ~ B: based on the idea there be a reversal formation
    > nzd: SELL ~ Buy ~ B: as aud
    cad: BUY ~ Buy ~ B:
    > chf: SELL ~ Sell ~ S:
    > jpy: SELL ~ Sell ~ S: 99.75 ?
    ..................
    > es: SELL ~ Buy ~ B: will stay with the B for 2 sessions
    ..................
    gc: SELL ~ Buy ~ B: see if it breaks 1415
    > cl: SELL ~ Buy ~ B: caution: could make a new H, but may also only be a reversal
    and could change direction this session
    ng: SELL ~ Sell ~ S:
    ..................
    notes: just discovered AC 72 racing - wow !
     
    #231     Aug 25, 2013
  2. for Tuesday August 27/13 ~ 4:02pm pst

    ALL CAPS major trend ~ Initial Caps interim trend ~ Initial session trend
    > indicates a change in one or more of the trends

    > dx: SELL ~ Sell ~ B: caution: didn't happen so the price may go to 81.80 again but
    watch it doesn't turn fast this session, otherwise Wednesday's
    > eur: BUY ~ Sell ~ S: based on the $ will go with a S, not a lot of downside, 1.3313-
    1.33 ? but, I could be bingo-bongoing what the price is doing, so watch out that this
    analysis is wrong and the price rises
    > aud: SELL ~ Sell ~ S: expecting the decline to renew
    gbp: SELL ~ Buy ~ B: caution: based on the idea there be a reversal formation
    > nzd: SELL ~ Sell ~ S: as aud
    cad: BUY ~ Buy ~ B: but, watch it doesn't drop below 1.049 which would mean S
    chf: SELL ~ Sell ~ S: will stay with it but watch it doesn't rally and break 0.9270
    > jpy: SELL ~ Buy ~ B: may start to rally again, reversal or more ?
    ..................
    > es: SELL ~ Sell ~ S: see if it breaks 1647 , could base again at around the 1634
    area but expecting that tomorrow, or a break down
    ..................
    gc: SELL ~ Buy ~ B: see if it breaks 1415
    > cl: SELL ~ Sell ~ S: caution: could bounce the 103 area and bounce up again, but
    could also drop thru and break 102
    ng: SELL ~ Sell ~ S: looks like the price has turned but may run up to 3.55 again -
    breaking that level would leave a Lot of upside to run into
    ..................
    notes: Kiwis won
     
    #232     Aug 26, 2013
  3. for Wednesday August 28/13 ~ 3:25pm pst

    ALL CAPS major trend ~ Initial Caps interim trend ~ Initial session trend
    > indicates a change in one or more of the trends

    > dx: SELL ~ Sell ~ S: looking for the price to break and close below 80.60 , and if so
    79.50 should provide support
    > eur: BUY ~ Buy ~ B: will either top around the previous H of 1.3451 forming what to
    me would be a reversal formation or boot right thru it. gl around 1.3498
    aud: SELL ~ Sell ~ S: could have based and could run up to 0.9062 again
    > gbp: SELL ~ Sell ~ s: may run up, holding S
    > nzd: SELL ~ Sell ~ S: could base around 0.7690 , break thru ?
    cad: BUY ~ Buy ~ B: below 1.049 Could mean S, correction ? up again ?
    chf: SELL ~ Sell ~ S: looking for break and close below 0.9065
    > jpy: SELL ~ S ~ S: (what was I looking at ?) bounce around here but down
    ..................
    es: SELL ~ Sell ~ B: looks like the price has based and may stay up for the session
    but will keep the Sell on
    ..................
    gc: SELL ~ Buy ~ B: see if it keeps going
    > cl: SELL ~ Buy ~ B: really should have had that, 115 is the target to top
    > ng: SELL ~ Buy ~ B: 3.66 ?
    ..................
    notes: I'm off, see you later
     
    #233     Aug 27, 2013