My personal Forex trading log

H4 graph

   The pair’s correction continues along “a-a+” side trend by forming the right shoulder of a “head and shoulders” trend-turning figure. The higher bound of the shoulder is still at resistance level 1.4150 (“E” trend line), and the pair bounces off it once again.

   We already knew from the forecasts over senior time frames that “B-B+” trend was supposed to turn in the range between 1.4100–1.4400 (“E” and “F” trend lines). Also after the pair gets out of the mentioned trend, the way to the lowering target at support level 1.3300 becomes clear. Both these conditions are met now: the pair bounces upwards off level 1.4150 (“E” trend line); the pair has quit from “B-B+” trend and now is being traded under its lower bound. So we should be expecting the pair to reach its targets shortly – at levels 1.3550 and 1.3430 (level 1.3300 is most likely to be shifted to level 1.3430)

   To develop a confident downtrend with the target set to level 1.3430, the pair still needs to get down below level 1.3920 (“a” trend line), what will clear the way for lowering to support level 1.3800 (“X” trend line). Next, it will need to drop below level 1.3760, what will lead to execution of the “head and shoulders” figure and, hence, will give a possibility of lowering to target level 1.3430.

Daily graph

   The pair is set against the accumulation of supports 1.4100 and 1.4400 formed by “E” and “F” trend lines correspondingly. These are very strong trend lines. Moreover, “Z” trend line passes through level 1.4400, what further increases the importance of this resistance thus making it a key one. Strengths and chances are equal so, basically, either 1.4100 or 1.4400 may become a turning level (we should wait for a signal of “B-B+” trend’s turn). Upon “B-B+” trend line breaking and in the 4th correctional wave, the pair will go for a correction from one of these levels to support level 1.3285.

Weekly graph

   The pair is set against the accumulation of supports 1.4100 and 1.4400 formed by “E” and “F” trend lines correspondingly. These are very strong trend lines. Moreover, “Z” trend line passes through level 1.4400, what further increases the importance of this resistance thus making it a key one. Strengths and chances are equal so, basically, either 1.4100 or 1.4400 may become a turning level (we shall examine daily graph for details). In the 4th correctional wave, the pair will go for a correction from one of these levels to support level 1.3285 and then, in the 5th wave, it will head to the maximum 1.4720 to update it (level 1.4720 update is assumed by the picture at daily graph as well as by the fact that “Y” trend line got broken). All these five waves will make up the “D-D+” uptrend; its extremum will be found at resistance level 1.4935 or 1.5300.

Monthly graph

   Strategically, the graph shows that the pair is developing a downtrend having the target set to level 1.1000 (“Q” trend line). This situation took effect after the “P-P+” uptrend had been broken along with “E-E+” trend and “F” trend line. But there are reasons that until the maximum 1.4720 is updated, the pair is unable to develop a downtrend to 1.1000. That reasons are well seen on weekly graph. Besides, it’s a simple logic that the pair can’t go to 1.1000 from current levels prior to formation of a trend-continuing figure (like “flag”, which is being formed now) or a side trend which would update the maximum 1.4720 (basically, such side trend is the same “flag” figure).
Above the level 1.4720 is an accumulation of resistance levels 1.4935 and 1.5300 (these levels are examined in detail at weekly graph). Hence, after updating the maximum 1.4720 the pair will push off 1.4935 or, if it will get over 1.4935, off 1.5300 (which is a key level). Accumulation of these resistances is meant to become a turning, key level for the pair; and a supporting point for the “flag” figure’s higher bound. From there, the market will develop a downtrend aimed at the figure’s lower bound, roughly at level 1.2800. After passing that level the “flag” figure will have been executed and the next dropping target will be set to level 1.1000 (“Q” trend line). Then, a correction is supposed to be performed from there to level 1.3000 and down again to 1.0000.
I would like to note that the feeling arises as if the right shoulder of a “head and shoulders” trend-turning figure is being formed now, however we definitely won’t see a clear “head and shoulders” figure there, especially if the pair goes up to level 1.5300. The neckline will get falsely broken for multiple times due to invalid figure proportions. That’s why it is better to get oriented to the “flag” figure (which virtually is the right shoulder of a “head and shoulders” figure).

    H4 graph

   Correction continues by forming the right shoulder of “head and shoulders” trend-turning figure (denoted with blue lines). The shoulder’s upper bound is passing through level 1.4160, which is found to be its peak, and hence downtrend is starting to develop from there now. The target of downtrend is set to support level 1.3550, but the pair should get under intermediate support 1.3810 (neckline) before in order to execute the figure. And then the pair gets lowering target at level 1.3550. Perhaps this level won’t offer any support; in such case the pair will get to support 1.3400 (“D” trend line).
   Resistances are at level 1.4160 (once again) and at current level 1.4070. In case of upwards motion, we can’t say that downtrend is changed to uptrend until the pair rises above resistance level 1.4180; if so, it will get to key resistance 1.4370–1.4430.

    Daily graph

   The pair is set against the accumulation of supports 1.4100 and 1.4400 formed by “E” and “F” trend lines correspondingly. These are very strong trend lines. Moreover, “Z” trend line passes through level 1.4400, what further increases the importance of this resistance thus making it a key one. Strengths and chances are equal so, basically, either 1.4100 or 1.4400 may become a turning level (we should wait for a signal of “B-B+” trend’s turn). Upon “B-B+” trend line breaking and in the 4th correctional wave, the pair will go for a correction from one of these levels to support level 1.3285.

    Weekly graph

   The pair is set against the accumulation of supports 1.4100 and 1.4400 formed by “E” and “F” trend lines correspondingly. These are very strong trend lines. Moreover, “Z” trend line passes through level 1.4400, what further increases the importance of this resistance thus making it a key one. Strengths and chances are equal so, basically, either 1.4100 or 1.4400 may become a turning level (we shall examine daily graph for details). In the 4th correctional wave, the pair will go for a correction from one of these levels to support level 1.3285 and then, in the 5th wave, it will head to the maximum 1.4720 to update it (level 1.4720 update is assumed by the picture at daily graph as well as by the fact that “Y” trend line got broken). All these five waves will make up the “D-D+” uptrend; its extremum will be found at resistance level 1.4935 or 1.5300.

    Monthly graph

   Strategically, the graph shows that the pair is developing a downtrend having the target set to level 1.1000 (“Q” trend line). This situation took effect after the “P-P+” uptrend had been broken along with “E-E+” trend and “F” trend line. But there are reasons that until the maximum 1.4720 is updated, the pair is unable to develop a downtrend to 1.1000. That reasons are well seen on weekly graph. Besides, it’s a simple logic that the pair can’t go to 1.1000 from current levels prior to formation of a trend-continuing figure (like “flag”, which is being formed now) or a side trend which would update the maximum 1.4720 (basically, such side trend is the same “flag” figure).
   Above the level 1.4720 is an accumulation of resistance levels 1.4935 and 1.5300 (these levels are examined in detail at weekly graph). Hence, after updating the maximum 1.4720 the pair will push off 1.4935 or, if it will get over 1.4935, off 1.5300 (which is a key level). Accumulation of these resistances is meant to become a turning, key level for the pair; and a supporting point for the “flag” figure’s higher bound. From there, the market will develop a downtrend aimed at the figure’s lower bound, roughly at level 1.2800. After passing that level the “flag” figure will have been executed and the next dropping target will be set to level 1.1000 (“Q” trend line). Then, a correction is supposed to be performed from there to level 1.3000 and down again to 1.0000.
   I would like to note that the feeling arises as if the right shoulder of a “head and shoulders” trend-turning figure is being formed now, however we definitely won’t see a clear “head and shoulders” figure there, especially if the pair goes up to level 1.5300. The neckline will get falsely broken for multiple times due to invalid figure proportions. That’s why it is better to get oriented to the “flag” figure (which virtually is the right shoulder of a “head and shoulders” figure).

H4 graph

   The pair is going for a minor correction, while forming the right shoulder of a “head and shoulders” trend-turning figure. The peak point is supposed to be at level 1.4070 or at current level 1.4040. From one of those levels the pair is supposed to go down to a level of intermediate support 1.3800 (”X” trend line - neckline), and then to fall further below 1.3800; in such case the pair will get to support 1.3550. That’s why now is the most favorable time for selling the apir with the target set to 1.3550. If the market manages to drop below 1.3550, then support 1.3350 (”D” trend line) is supposed to be reached. The daily graph picture also speaks in favor of lowering  exactly to this level.
In case of upwards motion, we can’t say that current downtrend is changed to uptrend until the pair rises above level 1.4150. If so, it will reach resistance 1.4400.

Daily graph

   The pair is set against the accumulation of supports 1.4100 and 1.4400 formed by “E” and “F” trend lines correspondingly. These are very strong trend lines. Moreover, “Z” trend line passes through level 1.4400, what further increases the importance of this resistance thus making it a key one. Strengths and chances are equal so, basically, either 1.4100 or 1.4400 may become a turning level (we should wait for a signal of “B-B+” trend’s turn). Upon “B-B+” trend line breaking and in the 4th correctional wave, the pair will go for a correction from one of these levels to support level 1.3285.

Weekly graph

   The pair is set against the accumulation of supports 1.4100 and 1.4400 formed by “E” and “F” trend lines correspondingly. These are very strong trend lines. Moreover, “Z” trend line passes through level 1.4400, what further increases the importance of this resistance thus making it a key one. Strengths and chances are equal so, basically, either 1.4100 or 1.4400 may become a turning level (we shall examine daily graph for details). In the 4th correctional wave, the pair will go for a correction from one of these levels to support level 1.3285 and then, in the 5th wave, it will head to the maximum 1.4720 to update it (level 1.4720 update is assumed by the picture at daily graph as well as by the fact that “Y” trend line got broken). All these five waves will make up the “D-D+” uptrend; its extremum will be found at resistance level 1.4935 or 1.5300.

Monthly graph

   Strategically, the graph shows that the pair is developing a downtrend having the target set to level 1.1000 (“Q” trend line). This situation took effect after the “P-P+” uptrend had been broken along with “E-E+” trend and “F” trend line. But there are reasons that until the maximum 1.4720 is updated, the pair is unable to develop a downtrend to 1.1000. That reasons are well seen on weekly graph. Besides, it’s a simple logic that the pair can’t go to 1.1000 from current levels prior to formation of a trend-continuing figure (like “flag”, which is being formed now) or a side trend which would update the maximum 1.4720 (basically, such side trend is the same “flag” figure).
Above the level 1.4720 is an accumulation of resistance levels 1.4935 and 1.5300 (these levels are examined in detail at weekly graph). Hence, after updating the maximum 1.4720 the pair will push off 1.4935 or, if it will get over 1.4935, off 1.5300 (which is a key level). Accumulation of these resistances is meant to become a turning, key level for the pair; and a supporting point for the “flag” figure’s higher bound. From there, the market will develop a downtrend aimed at the figure’s lower bound, roughly at level 1.2800. After passing that level the “flag” figure will have been executed and the next dropping target will be set to level 1.1000 (“Q” trend line). Then, a correction is supposed to be performed from there to level 1.3000 and down again to 1.0000.
I would like to note that the feeling arises as if the right shoulder of a “head and shoulders” trend-turning figure is being formed now, however we definitely won’t see a clear “head and shoulders” figure there, especially if the pair goes up to level 1.5300. The neckline will get falsely broken for multiple times due to invalid figure proportions. That’s why it is better to get oriented to the “flag” figure (which virtually is the right shoulder of a “head and shoulders” figure).

Apetitul pentru risc in piata forex a revenit dupa anuntarea acceptarii de catre Curtea Suprema de Justitie a SUA a vinzarii Chrysler LLC catre grupul de investitori condus de FIAT si de catre Secretarul Trezoreriei Tim Geithner a acceptarii returnarii de catre 10 din cele mai mari banci printre care Goldman Sachs si JPMorgan a 68 de miliarde $ primiti ca ajutor de stat,si ca atare eurodolarul a revenit pe trendul bullish din ultimele 2 luni si astfel am luat 2 pozitii long pe EUR/USD spot din care am castigat cumulat +53 pipsi verzi 17,955 centi ; randamentul contului real dupa conversia fondurilor din euro in dolari este de +14,07% 0.52458 $ profit net.

Datele raportului NFP au iesit contradictorii dar cu o usoara tendinta de imbunatatire fata de luna trecuta(rata somajului +9,4% fata de prognoza de +9,2% si in crestere fata de luna trecuta de la +8,9%,evolutia salariului mediu orar +0,1% fata de +0,2% prognozat si numarul de noi someri de ‘doar’ +345000 fata de prognoza de +520000 si in scadere fata de luna trecuta de la +504000)si miscarea perechii EUR/USD a avut o volatilitate in crestere fata de ziua de ieri ,urcand pina la un maxim de 1,4266 si apoi coborind inspre 1,4000 intr-o ora de tranzactionare si ca atare am profitat de ultima miscare bullish intrand long cu o pozitie pe care am inchis-o cu un castig de +27 pipsi verzi 13,230 centi ; randamentul contului dupa prima saptamina a lunii iunie este de +14,21% 0.33635 $ profit net.

In asteptarea datelor NFP eurodolarul se consolideaza intre 1,4100 si 1,4200 si am profitat de ocazie luind rapid 2 pozitii long din care am acumulat +12 pipsi verzi 3,404 centi ; randamentul contului este de +14,69% 0.20475€ profit net.

Doua pozitii long deschise aseara pe perechea EUR/USD le–am inchis in dimineata aceasta cu un castig cumulat de +16 pips 3,859 centi ; randamentul contului real este de +12,11% 0.16876 € profit net.

     H4 graph

   The pair is being traded along the “B-B+” uptrend within the corridor made up of important levels 1.4100 and 1.4400. As long as the pair is above the support level 1.4100, it potentially may test resistance level 1.4400. If the pair drops below the level 1.4100, it will get down to the lower bound of “B-B+” uptrend – level 1.3942. I’d rather keep myself from buying or selling from current levels; because the pair is located in the corridor of accumulation of resistance levels (refer to forecasts on senior time frames). And while the pair is located between levels 1.4100 and 1.4400, it may be twitching both upwards and downwards since a trend-turning figure will be being formed.

     Daily graph

   The pair is set against the accumulation of supports 1.4100 and 1.4400 formed by “E” and “F” trend lines correspondingly. These are very strong trend lines. Moreover, “Z” trend line passes through level 1.4400, what further increases the importance of this resistance thus making it a key one. Strengths and chances are equal so, basically, either 1.4100 or 1.4400 may become a turning level (we should wait for a signal of “B-B+” trend’s turn). Upon “B-B+” trend line breaking and in the 4th correctional wave, the pair will go for a correction from one of these levels to support level 1.3285.

    Weekly graph

   The pair is set against the accumulation of supports 1.4100 and 1.4400 formed by “E” and “F” trend lines correspondingly. These are very strong trend lines. Moreover, “Z” trend line passes through level 1.4400, what further increases the importance of this resistance thus making it a key one. Strengths and chances are equal so, basically, either 1.4100 or 1.4400 may become a turning level (we shall examine daily graph for details). In the 4th correctional wave, the pair will go for a correction from one of these levels to support level 1.3285 and then, in the 5th wave, it will head to the maximum 1.4720 to update it (level 1.4720 update is assumed by the picture at daily graph as well as by the fact that “Y” trend line got broken). All these five waves will make up the “D-D+” uptrend; its extremum will be found at resistance level 1.4935 or 1.5300.

    Monthly graph

   Strategically, the graph shows that the pair is developing a downtrend having the target set to level 1.1000 (“Q” trend line). This situation took effect after the “P-P+” uptrend had been broken along with “E-E+” trend and “F” trend line. But there are reasons that until the maximum 1.4720 is updated, the pair is unable to develop a downtrend to 1.1000. That reasons are well seen on weekly graph. Besides, it’s a simple logic that the pair can’t go to 1.1000 from current levels prior to formation of a trend-continuing figure (like “flag”, which is being formed now) or a side trend which would update the maximum 1.4720 (basically, such side trend is the same “flag” figure).
   Above the level 1.4720 is an accumulation of resistance levels 1.4935 and 1.5300 (these levels are examined in detail at weekly graph). Hence, after updating the maximum 1.4720 the pair will push off 1.4935 or, if it will get over 1.4935, off 1.5300 (which is a key level). Accumulation of these resistances is meant to become a turning, key level for the pair; and a supporting point for the “flag” figure’s higher bound. From there, the market will develop a downtrend aimed at the figure’s lower bound, roughly at level 1.2800. After passing that level the “flag” figure will have been executed and the next dropping target will be set to level 1.1000 (“Q” trend line). Then, a correction is supposed to be performed from there to level 1.3000 and down again to 1.0000.
   I would like to note that the feeling arises as if the right shoulder of a “head and shoulders” trend-turning figure is being formed now, however we definitely won’t see a clear “head and shoulders” figure there, especially if the pair goes up to level 1.5300. The neckline will get falsely broken for multiple times due to invalid figure proportions. That’s why it is better to get oriented to the “flag” figure (which virtually is the right shoulder of a “head and shoulders” figure).

Dupa ce eurodolarul s-a intarit pina la un maxim de 1,4338 in aceasta dimineata a urmat o consolidare miscandu-se in lateral in jurul 77EMA pe graficul de 5 minute pe care il utilizez pentru tranzactiile intraday si ca atare am luat 2 pozitii una long si apoi una short din care am castigat cumulat +40 de pipsi intr-o ora si citeva minute adica 6,493 centi ; randamentul contului real este de +9,3% 0.12888 € profit net.

Eurodolarul s-a intarit pina la un nou maxim anual @1,4246 din cauza falimentului General Motors care se va anunta astazi si in dimineata aceasta a urmat un firesc rebound tehnic asa ca am intrat cu 2 pozitii short din care am castigat cumulat +22 pipsi verzi €0.05500 ; randamentul contului real este de +3,95%.