Fibonnacci Entry

AFK...but here is a good one if i was around.

A good learning experience

Another missed one.
But what ever...you can't get them all. One of the primary purposes of this blog is for my own development, thus I post both missed and taken trades. I switched to the pound right as it was triple bottoming and missed this one, there were a few chances for a reentry, but then my kid came over and thus I was not able to keep a close eye on things. At this point it is a +60 pip move.

I had no homework done on this and was about to do so...when i switched it was around the triple bottom around 1.7708. This is my type of set up though, point and figure showed a double bottom(weak, but taken in context a reasonable chance of bounce). Note the respect of the prior trendline.
The risk to reward was very good. Maybe 10pips at most, likely less with a box break on my point and figure chart.

Missed the AUD gdp news(i was tired so napped to get ready for London), though looking at it I would likely have only been able to take 50% of my size at 15pips and the other 50% breakeven in either the AUD/USD or AUD/JPY.

Check this CHF(swissy out)...




Check oil and usd inverse relationship.

Another one I missed but I am studying for the future. Happened right at 6:00pm.

Breakout of EUR.

Chill mat

I picked the Targus Chill mat and Stand up yesterday for $60 at BESTBUY(eeek when i have seen regular chill mats for $20). For a long time I was averse to buying a chill mat, now prices on these things have seem to gone up. I finaly dug deep and bought one and it is amazing. My computer is usually steaming hot with in an hour of having been on, even with a book or similar to prop it up to allow faster cooling. In general I have my laptops running 6-20hours a day. I give this thing a thumbs up and am going to buy another chill mat for my other laptop.

ISM bad news is good news for me

Took this news spike. On 1min. Entry 02, exitted some at 33/34/35/29. Reloaded at 30, it then proceeded past the 21ma on the 1hr but failed to follow thru and came back down.
+30pips give or take

Watched the AUD/JPY news trade set up, the chart looked like it could move better than the AUD/USD. Here's how I drew it up.

EEk another GOOBER.

Ended up near break even(+2) at the beginning of a 80 pip move.
Entered at the 1hr 21ma, using price action, my exit was actually on a better entry if I had looked at the 1min stoch rolling down with the 5/8ma cross.
In retrospect, I played it too tight, since i entered at the 95 I could have used the round number as a better stop instead of break even.

Short @ 1.495
covered @ 1.493
+2