Dannys Trading Journal -
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thread: Dannys Trading Journal

  1. #11
    I'm watching the ascending triangle shape on the daily chart of EUR/USD - the pressure is bottling up - the Eurozone data coming out this week may be sufficient to trigger a breakout one way or another -

    http://www.traderslog.com/static/ima...cendingeur.jpg

  2. #12
    Fib retracements can work especially well in periods of increased volatility - such as we saw that this morning with the Employment Report. The next is a classic example - GBP/USD retraces to 50% of the primary upmove after the numbers came out - inputting at the 50% amount something of a'gimme trade' IMO
    http://www.traderslog.com/static/ima...s/gbpusd50.jpg

  3. #13
    We got exactly the same set up as yesterday, with the 510 interval EMA cross on the 15 minute chart - and today the crossover coincided with RSI crossing the 50 level. Like yesterday I scaled into and out of this trade. I kind of wanted to remain long and determine if we can reach the 50 percent fib level about the hourly rate at 1.4643 but chose to shut out for the day

    http://www.traderslog.com/static/ima...ads/eurwed.jpg

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