JLJ002500

JLJ002500

GBPUSD Potential short opportunity. Bearish GBPUSD view. Expect further losses and expect those loses will be significant. Current price 1.4305 may end up being a good entry (orange arrows), however I am currently waiting to pull the trigger. GBPUSD has the potential to increase 50 to 100+ PIP before reversal (red arrows).

JLJ002500 Updated 

SPY I've been short SPY since 10/27. (I actually jumped in a little early on 8/25) The majority of my success (profits) has come by selling calls. I started selling bear call spreads 11/2 and opened additional positions 11/23 & 12/29. I've already taken the profits from most of my positions. The only position still open is 2 bear call spreads set to...

JLJ002500 Updated 

EURGBP Broke out of an extended range pattern, corrected and found support. Expect trend to continue up. 1/2 Limited order at .76390. Will scale into position. There maybe a better entry around .76200 - .76000.

JLJ002500 Updated 

GBPUSD Long limited order executed. See Chart for specifics.

JLJ002500 Updated 

GBPUSD Short entry. (See Chart). Cautious due to substantial risk of a corrective pullback. I'm selling on pull backs. Per my previous post/charts (GBPUSD - Expect Further Downside Pressure...), I believe there is still more to the down side. A move above 1.4566 would invalidate my analysis.

JLJ002500

GBPUSD See past analysis. This is big picture analysis, not short term (intra-day) movement. Key resistance at 1.4565. Very important zone. Analysis is void if broken. Strong likelihood of eventually falling to 1.380-1.372.

JLJ002500 Updated 

EURGBP 1/2 order executed, 1/2 limited order (.74785) See chart and links for detail.

JLJ002500

GBPUSD I've been playing the short side, but have also been expecting a reversal. I expected 1.45658 to hold and to be a turning point. I was impatient and made a poor decision to enter a long trade expecting at least a modest pullback (~20 pips) at 1.460 - 1.455. Now that support has failed, the question is where does it go from here and what side of the...

JLJ002500 Updated 

EURJPY Placed first limit buy order @ 127.435 Scaling in to the trade.

JLJ002500

EURGBP Has been range bound for an extended period of time. Started the day at the range's upper limits, the area where there was a strong price rejection in May & Oct of 2015. The difference now is the bulls are still in control. This is on my watch list for next week. Earlier this morning, I expected .7480 - .7489 resistance to be tested again before...

JLJ002500 Updated 

Delay publishing this. See 4H chart for trade set up. Trade was entered yesterday. Closed 40% of my position this morning. "A,B,C" points - "B & C" were estimated plots made after completion of "A". TP was almost reached. 1D Chart shows a 61.8% fib retracement. Looks to now begin to start testing resistances and move higher.

JLJ002500

EURGBP Range trade, short entry. Only problem is it's Friday and this trade will take too long to develop. I don't like to hold positions over the weekend. I'll reevaluate Monday. There is a high probability that it will retest the resistance before retracing.

JLJ002500

See Linked chart "GBPAUD - Trade Journal". Exited and took gains from trading the Crab. Crab could either be apart of a larger Bat or Gartley...where the "D" is in complete opposition of each other. RSI is just beginning to show bullish divergence. MACD provides a little confirmation. At this time, I'm sitting on the sideline until more supporting...

JLJ002500

EURUSD IF "C" (on 4H chart) holds, possible Bat or Crab formation. RSI indicates potential momentum beginning to build. This is speculation. I want to see a test and hold of a key support before entering a long position (See red arrows on 4H). A break of "C" on chart would invalidate my speculation.

JLJ002500

EURJPY Interesting chart. Cypher, Bat, & Crab all in agreement.

JLJ002500

GBPUSD GBPUSD looks determined to continue move down to test 1.4600. I'm looking for another short entry opportunity, but i'm going to be patience since I've already have significance gains today. Any short trade will be quick. There is too much risk for a reversal. Look for a Long entry opportunity around 1.4600.

JLJ002500

Took advantage of quick move down. 2 limited orders were triggered and TP's achieved. Sold @ 1.47587 & 1.47601 (SL @ 1.4785) TP @ 1.4720 (Pips 38.70 & 40.1) Time was 1 hr 31m

JLJ002500

EURUSD Testing support zone again. Could be forming a triple bottom. Good risk/reward ratio. Limited order was executed. Buy @ 1.08198, SL @ 1.07835 (36.3 pips), TP @ 1.0905 (85.3)