N: A personal record of occurrences, experiences, and reflections kept on a regular basis; a diary.
N: A personal record of occurrences, experiences, and reflections kept on a regular basis; a diary.
Dear Diary,
I have been short term trading that the EURUSD recently. I am always considering the valuable lesson which I learned the hard way. Markets just trend around 6 percent of their time, the rest of the time is spent range trading. Defining the range will be the hard part, but anticipating markets to construct value has truly helped me.
EURUSD REVERSAL LEVEL NOTES
These amounts Aren't that significant in tonight's Asian session, but beginning in Europe and to North America they are very significant.
For 5/14 there are a couple near term amounts which are very vital in the EURUSD. These amounts have the capability to reverse price and or lead to strong continuations if price does not reverse. In addition, I make note of those reversal amounts in my charts.
1.5508 - If this level is attained and price does not undo, then this is very bullish.
1.5464 - Watch this level carefully.
Hi DRT,
I have always appreciated your unique egy. Happy to see you posting more... It's sort of like MktProfile using a twist. Very intriguing. Are you receiving consistent results? And, Does the lack of volume bother your approach in any way?
Thanks again.
My results are consistently inconsistent but I am doing okay. Thanks for asking. It is harder and more difficult to hold trades more than a session in a time but I am still in it. I think that it reflects the fact that nobody has got a good handle on where we are headed. The US unit has cast just enough uncertainty to make it harder that it constantly is.
I actually trade mostly futures on the CME. I post the place information here because not many transaction stocks. I only trade the crosses on the place market. Because I trade futures, I have access to volume which is a significant part of my price distribution analysis. I exchange GLOBEX only.
Thank you for the excuse. I get it. I guess if I had opened my eyes a little, I would have observed the contract name onto your Ts chart, in the other thread.... Duh...Originally Posted by ;
thanks again, Scott
Dear Diary,
I have been discovering these position trades.
The EURUSD has been building value or range trading. Now there's a personal monitoring. I think it's trying to determine if it's going to 1.65/69 or even if it's going to give in a head south below 1.50. I bet it goes to 1.69 especially today since most do not think that it will. There were certainly lots of vendors today, however I didn't see any real big ones promoting.
For today I am thinking that the 1.5465 level is significant (give or take a few ticks). I am going to try and stay long above this level. My goal is going to be 1.5575. At this level I shall cover and await my next hint. I'll consider my opinion wrong when we settle below the 1.5430 region.
I also see a chance from the GBPJPY.
I am going to try out a long at 204.38. My goal is 207.44. My risk is a settle below 203.96
http://www.morrisfunds.com/storage/f...rve/gbpjpy.PNG
I like the USDCHF too. I am setting up shorts in 1.0556. My goal is 1.0500. My risk is a clear break of 1.0556.
Additionally, still on my own daily diet and making progress.