Guyver's trading journal - page 19

 

gbpusd

i have this chart which i am still working on to find waves and degrees right now i was right for 2.0447 would stay resistance this does not looks like a (V) wave beause it is been divided alot will post later.

Files:
gbpus.gif  56 kb
 

long 2.0280 (ask) with stop 2.0250 ..

 
Guyver:
long 2.0280 (ask) with stop 2.0250 ..

not too much to talk about this trade execept i am taking it as a small retracement.

 
Guyver:
long 2.0280 (ask) with stop 2.0250 ..

take profit is 2.0315-2.0330 somewhere in that price range

 
Guyver:
take profit is 2.0315-2.0330 somewhere in that price range

ok we are having a drop right now 2.0265 as i write this but as long as 2.0256 is in place .. i am safe also i am taking it as a 4 minor c

 
Guyver:
ok we are having a drop right now 2.0265 as i write this but as long as 2.0256 is in place .. i am safe also i am taking it as a 4 minor c

out at 2.0329

 

going short here 2.0330 with stop @ 2.0355 tp @ open 4 minor should be ended now .

 
Guyver:
going short here 2.0330 with stop @ 2.0355 tp @ open 4 minor should be ended now .

it did not worked out and i am stopped.... so i have to re-contruct chart again ;

 
Guyver:
it did not worked out and i am stopped.... so i have to re-contruct chart again ;

took another short here 2.0351 with stop @ 2.0397 last one

 
Guyver:
took another short here 2.0351 with stop @ 2.0397 last one

move it to 2.0392 ( bid ) the 55 was ask i was stopped but now always bid

the reason for this is if 2.0392 takes out then all this down move really is gone in my opinion ofcourse so it is important that 2.0392 stays as resistance

Reason: