These are the trading results from Sunday the 31st of October until Friday the 12th of October.
OCT 31> NO TRADE
NOV 01> +25 PIPS
NOV 02> +60 PIPS
NOV 03> +65 PIPS
NOV 07> +70 PIPS
NOV 08> +60 PIPS
NOV 09> TRAIL TRIPPED NO PIPS
NOV 10> (-)55 PIPS
NOV 11> +70 PIPS
[2 WEEKS TOTAL] + 295 PIPS
Saturday, November 13, 2010
Thursday, November 11, 2010
FOREX DOJO TRADE # 42
Last night's trade cost 55 pips. Time to let go.
I have sold GBP/JPY around 132.30 with A TP 131.60 and SL 132.85.
I can't give a detailed strategy but will say that the break of 132.50 has a lot to do with it.
I have sold GBP/JPY around 132.30 with A TP 131.60 and SL 132.85.
I can't give a detailed strategy but will say that the break of 132.50 has a lot to do with it.
Wednesday, November 10, 2010
FOREX DOJO TRADE # 41
No profit was taken as the trail was triggered last night. Tonight I am buying EUR/JPY around 113.20 with a TP 113.90- 114.00 and SL 112.60 -112.70.
The daily chart is looking pretty bullish with the 100EMA being breached and a cross in RSI below the 50 mark. A break of 113.40 could bring 114.00 in a heart beat. The 4 hour is looking bullish with 100EMA breached and generally positive price action, although that long shadowed candle is a bit intimidating. Hourly is looking range bound.
Shorter time frames are caught in mildly bearish range between 113.00. and 113.50. Look for a break of 113.50 for a possible entry if it looks strong.
The daily chart is looking pretty bullish with the 100EMA being breached and a cross in RSI below the 50 mark. A break of 113.40 could bring 114.00 in a heart beat. The 4 hour is looking bullish with 100EMA breached and generally positive price action, although that long shadowed candle is a bit intimidating. Hourly is looking range bound.
Shorter time frames are caught in mildly bearish range between 113.00. and 113.50. Look for a break of 113.50 for a possible entry if it looks strong.
Tuesday, November 9, 2010
FOREX DOJO TRADE # 40
A 60 pip profit was made last night and I although I'm tempted to leave EUR/JPY alone for now, I don't see the logic in switching back to GBP/JPY when the fibre is working out well.
Tonight I will sell around 112.85-112.95 with a TP 112.20-112.30 and SL 113.35-113-45. The pair is tightening up so a 30-40 trail is a good idea.
The 4 hour chart is a bit tricky because next resistance is around 112.90 where there is a trend line the 100EMA and the 38.2 Fib level all between 112.90 and 113.20. The hourly is looking like it's caught in a 50 pip range, unfortunately where sitting right in middle of it right now.
The minute charts are looking range bound and ideal for guerilla scalping, if your into that kind of thing.
Tonight I will sell around 112.85-112.95 with a TP 112.20-112.30 and SL 113.35-113-45. The pair is tightening up so a 30-40 trail is a good idea.
The 4 hour chart is a bit tricky because next resistance is around 112.90 where there is a trend line the 100EMA and the 38.2 Fib level all between 112.90 and 113.20. The hourly is looking like it's caught in a 50 pip range, unfortunately where sitting right in middle of it right now.
The minute charts are looking range bound and ideal for guerilla scalping, if your into that kind of thing.
Monday, November 8, 2010
FOREX DOJO TRADE # 39
Last night was good for 70 pips or so and it looks like 112.00 is where we found a floor.
112.00 should be decent support so I plan to BUY 112.00-112.10 with TP 112. 65-112.75 and SL 111.45 - 111.55.
Based on the 4 hour 112.00 - 112.20 hold trend line support and the 78.6 Fib level from the move up. There is also the making of triple bottom on the daily on the other hand it may as well be a double top, all depends haw you want play it, but I assume there will be at least some sort of attempt to keep the pair afloat. The hourly chart support lies 111.80- 112.00 and we are currently about 80 pips below the 100EMA. RSI is showing positive signs.
Shorter time frames are mixed with the 15 min looking mildly bearish and the 5 min slightly bullish. after 112.30 next resitance is around 112.60 - 112.70.
112.00 should be decent support so I plan to BUY 112.00-112.10 with TP 112. 65-112.75 and SL 111.45 - 111.55.
Based on the 4 hour 112.00 - 112.20 hold trend line support and the 78.6 Fib level from the move up. There is also the making of triple bottom on the daily on the other hand it may as well be a double top, all depends haw you want play it, but I assume there will be at least some sort of attempt to keep the pair afloat. The hourly chart support lies 111.80- 112.00 and we are currently about 80 pips below the 100EMA. RSI is showing positive signs.
Shorter time frames are mixed with the 15 min looking mildly bearish and the 5 min slightly bullish. after 112.30 next resitance is around 112.60 - 112.70.
Sunday, November 7, 2010
END OF MONTH RESULTS (OCTOBER)
Trading was cut down to approximately 3 weeks this month and trading was a bit erratic.
MONTHLY TOTAL + 8 pips
MONTHLY TOTAL + 8 pips
FOREX DOJO TRADE # 38
I am sticking with EUR/JPY tonight with a SELL order around 113.50-113.70 and TP 112.70-112.80 and SL 114.10-114.20.
There looks like there is a steep correction taking place and the break of 114.00 is what seals the deal for a move lower. The 4 hour chart shows the 100EMA being breached as well as the trend line support around 113.50. Next support is around 112.30-112.50. Hourly also shows a break below 100EMA and now 114.00 is pivotal resistance.
The shorter time frames look range bound but the sentiment seems bearish with the RSI rising but the price well below the 100EMA and resistance so far away in the 114.00 zone. Buying interest feels muted.
There looks like there is a steep correction taking place and the break of 114.00 is what seals the deal for a move lower. The 4 hour chart shows the 100EMA being breached as well as the trend line support around 113.50. Next support is around 112.30-112.50. Hourly also shows a break below 100EMA and now 114.00 is pivotal resistance.
The shorter time frames look range bound but the sentiment seems bearish with the RSI rising but the price well below the 100EMA and resistance so far away in the 114.00 zone. Buying interest feels muted.
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