Tuesday, May 5, 2009



Bah was talking on facebook and missed my trade. So I took thje opposite side of it and stopped out.
1min pnf and double bottom supported a bounce including the 1hrs 200ma.
-6



Several shots of how I could have capitalized on the Pound bias with a breakdown of 1min and 15min charts. Using my original entry, then going with it.

I was tired, made 3 profitable trades and went to bed to keep the peace.

Monday, May 4, 2009


EUR/GBP supported my GBP bias. Note this was found in retrospect.

Two trades on BEAST.
first one on the way up to the descending 1hr trendline, was kind of iffy shake and bake.

ended up
+23
the trade ran another 35pips or so


Second trade was just before London open and Bias was already up for pound, so let price retrace back to a fib, took 2 entries 1minute apart. Accidently closed my trade when I was trying to adjust it to close 1 of 2. Took a
+43
+39

small trade
eur/usd above the pivot, daily bias up for the NY session, eur/usd seeming to channel, using the 15/5/1 for this entry.
price kicking off the 5 in 15
around the 23% fib for continuation
in a small price channel for the 5
1 showed potential reversal add in other factors
took the trade

then fractal supported position
used atr for exit tied in to 5min resistance and considered time of day so doubted a continuation

+12.7

chart shows time of entry and exit

Sunday, May 3, 2009

London holiday today. Low volume.

Took a short here on the blue arrow.
I got chicken and pulled the plug at
-1.5
WeeklyM3 tied into that resistance along with multiple 5min fractals, as well as the 5min fractal below my MA. I should have trusted it.


Then I noted this support coming in at 132.70 area which tied in with my 200ma. Watched this trade go by.
I'll see if I can get some in NY.

Tuesday, April 28, 2009

Back and Running





Pipmonster is back up and running.
Much thanks to my friend BigBlue of Triumph Trading for the support and market insight.
I haven't posted in awhile, but I have continued to trade to some measured degree of success.

Here's an interesting note.
EUR/USD turning around due to a combination of factors.
4hrs descending trendline resistance with the USD/CHF hitting intermediate support.
Euro turned around to the minute of Swissy hitting the support.
A useful tool if one is trading the euro or swissy.

Note I did not take this trade, but I post it here for reference and the intermarket relationship.