Is very interesting how you plan the weekly moves of the prices just by establishing resistance and support lines. It really makes me see what a newbie I am because the res./sup. lines is what is most difficult to learn to me right now. They work most of the time but the price always breaks them...
EURJPY Previous analysis
Daily
Hourly
* Managed to catch a trade at the open of the London session with a ascending triangle price pattern that completed perfectly.
* Maybe I played it too safe and closed it too soon. There's a possibility of a Swing Target forming. I'll try to monitor...
07/14/2014 GBPJPY Previous Analysis (Monday)
Daily
* Two channels seems to have formed. The most reliable in the daily chart has a very reliable rising resistance line but the bottom rising support line has been broken. In the chart appears adjusted but if we raise it we see we have a more...
Hi Rahman,
Thanks for your interesting trading journal, definitively you are right about the concept of focusing on long term trades rather than intraday trading. Intraday and short term in general is too volatile and keeps you too many hours in front of the trading screen while anything long...
30/06/2014 Hourly Chart
Opened one short order near the 2009 resistance line even though the MACD in the hourly chart indicated a bullish trend waiting for a reversal at the resistance line ponted by the bearish MACD trend on the daily chart.
When the estimation failed and a bullish...
06/26/2014
Equity: 1000EUR
Default operation volume: 100EUR - 10000 units - 1 minilot
EUR/USD
Previous analysis
1 Day Chart
We establish a support and resistance line confirmed twice at least and we lay fibbonaci retracements which confirms several potential resistance lines, mainly at 61.8%...
Hi everyone,
I started this journal as a tool to understand and apply correctly the theory I'm learning. I will post the trades I do with Dukas JForex platform and the analysis of each pair before the opening and after the closing enumerating the lessons learned, if any. For my trades I will...
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