I have been away from trading for about 6 months. Only got back into it armed with some new techniques and philosophies.
Normally, I keep a diary at moneytec, but I thought I would try one here instead. Ive discovered that keeping a diary keeps me on my feet and provides a chance to get feedback and counsel from others. The generosity of those I have met through my books and forums accounts for the majority of whom I know. Studs such as Akuma, soso, Stoxx, Xtsunami, Bear, and some others I am probably offending by denying.
First up is short term commerce on the GBP pair. I have attached a 15 minute chart of exactly what I am looking at for this particular trade. I have been shorting it greatly the last week or so and now I think it's time to get some steady retracement and consolidation. I visit some range for going against the down trend, but I am treading carefully. Ive already taken profit after. I waitied for a cycle time to come up and now I am long again at 2.0217. I visit the posibility of a tight range downward, so I am watching very very attentively. But when the cycle of time proves to be significant one, I believe 2.2032 is highly probable in another 6 months or so. The close of the magenta forecast line is at a subdivision cycle stage.
My overall appearance is a dollar rally for another 20 some strange trading days, so a lot of my transactions is to the brief side on the GBP and EUR. Occaionally I will throw in some Gold when the installation is there.
I also keep a blog at http://4xcycletrader.blogspot.com/ which will probably go to more details on the real techniques.