Thread: what ive been doing

Im by no means a chartist like so many of you, but Ive learned some new egies from this site I have added to my trading style..so thanks. ANyhow, I figure Id post what Ive done since the market pschcology has turned negative against the....for now.

On a 30 minute chart, I created an EMA tunnel with (144, 169, 12) periods. I think I got those numbers from the technique. Every time the tunnel is hit, I initiate a trade against the $. I by no means strictly use the charts, but Ive added it into my general within all analysis of the trade before I create it. Im taking money egies a resistance or support level. Im also as I see fit changing my ceases.

When there's economic news which comes out that is a alyst to change the market pschology once more, I'll throw this method out of the window and wait for a period of consolidation again before using this system, except I would use it to buy the $.

Trades:

USD/JPY Sell 111.20 closed position at 110.50
EUR/USD Buy 1.2725 position still on
GBP/USD BUY 1.8560 closed position at 1.8775

This all could be 3 lucky deals, I dont know..but I figure Ill only pass it all on.


-Nick

What the hell would you call a chart that looks like this.lol

Im not feeling about this commerce. Im now trying to find a good spot to get out. I believe the market $ sentiment could be on the point of changing to $ following the last few weeks of this $ becoming disabled. Market is not reacting to the TIC data the way I believed it would.

Moved my stop to 1.2875 on EUR/USD. Need some sleep. lol

Sometime prior to the trade deficit announcement tomorrow I will start a transaction. I feel quite confident that we'll have a report which reveals a broader trade deficit that is anticipated. Whom I commence the transaction from will depend on where it's sitting in a few hours. If wrong, and the trade deficit miraculously shrank I will have in reversing my commerce, no difficulty. If the price action doesnt make sense for me and my interpretation is that the market is perplexed, until I see that the trend kind Ill money my transactions out and also sit on the side lines.

Hi svtnick,

Therefore I only have a few questions... I wrote them on this chart... I like your thought here... thanks scott

Im currently on the negative lines. . Price action is all over the area. Seems that people began to sell off the dollar off the short dip in preperation of the mich. sentiment numbers. . .well. .that how I see it anyway. . .just an opinion.

Scott..ill place my chart later on.

If you want, I'd be happy to delete my postS, so it doesn't clutter your diary... thanks Scott

Originally Posted by ;

Im currently on the unwanted lines. . Price action is all over the area. Seems that people began to market off the dollar off the short dip in preperation of the mich. sentiment amounts. . .well. .that the way I see it anyway. . .just an opinion.

Scott..ill post my graph later on.

Scott..your all good. I would rather see comments and questions.

Im currently scalping GBP about the 5 minute chart. Price action appears to be predictable between 1.8990 and 1.8915. Im taking rankings. . .meaning buying GBP/USD.

So much made 200 pips.