Added small positions to GBP shorts on news spike - 6% cumulative account size @ risk

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lol, yes I remember some of that...that guy really got my back up. Making wild allegations without any basis and bordering on slanderous is wrong and has no place on this forum...Jacko helped me turn my training around...dont trade his style anymore ...

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For journal purposes summary of current positions: CJ short @ 92.90 SL@ 94.10 GJ short @ 142.96 SL @ 144.15 UC long @ 0.9977 SL@ 0.9960 AJ short @ 86.38, SL @ 86.90 G/CHf short @ 1.6496 SL @ 1.6537 G/J short @ 143.63 SL @ 144.20 EG long @ 0.8684 SL ...

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slightly different chart...same result...so much resistance above on GJ,GU and GCHf...plus EG @ strong PPZ....all points to more room for GBP to drop hard. News in an hour could do it...

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As per previous post.

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Oh yeah...by the time it got to the break level I'd hope I'd have multiple shorts lined up already. 125.30 is better for me

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Ok, I understand...though I was puishing it a bit lol...not very good at these types of patterns. It is indeed and I agree with you on this

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Good point Nasir

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meant to attach charts to last post. Shorted AJ @ 86.38 SL 10pips -1% risk...a touch trade of 1HR PPZ. Shorted AJ @ 86.38 SL 86.90 - 2% above a more major PPZ...i.e. looking for a position / swing trade

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Yeah didnt see that that looks good...though I dont want it play out...this is what I was looking at... As I mentioned we are seing some retrace i.e. weakening USD and JPY this morning...there could be plenty of chop and whipsaws due to the volume ...

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Actually looking @ the dow futures chart...if 11044 holds could that be a kinda (although a bit crappy) H&S pattern?

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Yep...or the handle of the cup formation...a break below 123.30 = sell sell sell

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Early morning trades / analysis / plan for the day... - Adding to E/A above the gap. - Breakout and pullback on UJ - Dow futures boucing up from 1HR PPZ - expecting a bounce in xxx/jpy this morning...deciding whether to 'scalp' for a bit or wait and ...

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I literally only learned about this pattern two days ago As traders our learning never ends Well spotted...

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Thanks Robert...following your trades on myfxbook. I was on UC long and GJ short today too...out of interest what was your reasoning for GJ shorts...? I was looking for short as were @ a resistance area with a bigger resistance and confluenced area ...

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Reviewed daily charts and I see the following that is of interest. G/U - inside bar @ Round number - wont be up to play this and I'm already short anyway. C/J - pin bar wiht divergence @ double top on daily...should have seen this coming and kept ...

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It's all about the free for all for me...I'm rubbish at team death match for some reason.

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Closed AJ, AU, CJ, EJ, GJ, UC positions 20 mins ago. Still have EU, GU, GJ and EUR/AUD positions open. GBP has been strong with the good unemployment news today. I'd expect more volatility in the GBP the nearer we get to the general election...if we ...

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No sooner that I speak...if this break can hold

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Another quiet US afternoon session...lack of economic news maybe in US. lots of economic news releases tomorrow and Friday so could get some momentum. Until we see a decent reversal in dow my main focus is to play shorts near range highs in xxx/jpy ...

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