Trading Log - 5Mar2009
Shorted at the Double Top.
Success is measured by your discipline and inner peace
Thursday, March 5, 2009
Wednesday, March 4, 2009
Tuesday, March 3, 2009
New System
Trading Log -3Mar2009
Testing new system: vForce
vForce Short still running. +50 pips now.
Entered another short at GMT1120 with Force5 signal.
~altogether nearly +80 pips.
Awesome! Combined with Support/Resistance and Price Action!
System 15min EU - vForce System
Indicators used:
Rate of change
MACD
Bollinger Bands
Bulls Power
Bears Power
ADX
RSI
Stochastics.
Monday, March 2, 2009
Sunday, March 1, 2009
Trading Range
Expect the dollar-yen to trade in a range of Y95 to Y100 this week, with the euro-dollar trading between $1.25 to $1.3 over the same period.
Ashraf Laidi, chief market strategist at CMC Markets, said the next source of event risk for the euro is likely to take the form of an actual credit downgrade of a major euro-zone bank or the failure of an eastern/central European bank.
"Persistent risk aversion that is particularly provoked by euro-zone-related issues is expected to trigger a break of $1.24 and on to $1.2360," said Laidi. The euro's upside so far will be capped at $1.2830, he said.
Ashraf Laidi, chief market strategist at CMC Markets, said the next source of event risk for the euro is likely to take the form of an actual credit downgrade of a major euro-zone bank or the failure of an eastern/central European bank.
"Persistent risk aversion that is particularly provoked by euro-zone-related issues is expected to trigger a break of $1.24 and on to $1.2360," said Laidi. The euro's upside so far will be capped at $1.2830, he said.
100th Post
This will be my 100th Posting for 2009.
My aim is to have a compilation of my trading log by the end of year. So that i can learn from past mistakes and successes. I hope to compile my trading log into a journal for my future reference and to share with everyone.
"PASSION BREEDS SUCCESS"
Euro
Trading Log - 1Mar2009
I expect Price to break Friday Low and i will enter on the bounce or pullback.
Euro Feb High Low
Trading Log - 1Mar2009
Feb High at 1.3100 and Feb low at 1.2500.
I reckon March, Euro will test the Feb low at 1.2500.
The push below support at 126.62 overnight puts the March Euro on course to retest the Feb low near 125.
Euro 1.2558 and 1.2500 will be our support areas.
Euro Friday High at 1.2751 and Low at 1.2602.
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