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Venice replied Jan 11, 2011Currently respecting the 38.2. I'm out until at least 8:00 and the news gets a chance to settle in.
AUD/USD
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Venice replied Jan 11, 2011Very nice. I only grabbed a few quick scalps worth 10 pips x 2 on it today, last night rode it from S2 > S1. I should have started building short positions last week, but I just can't get over the Swap prices. I like to give as little as possible ...
EURUSD
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Venice replied Jan 11, 2011Never comin back... Wrong way on a one way track ... Seems like I should be getting somewhere ... Somehow I'm neither here nor there...

EURUSD
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Venice replied Jan 11, 2011When it rains, it pours for sure. Just based off of the trend, unless you know you are going for contrarian trend trades, should have been short, and has been short since the beginning of last week. I currently have no open positions in A/U, just a ...
AUD/USD
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Venice replied Jan 11, 2011This daily candle is making the power of the down move pretty clear.
AUD/USD
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Venice replied Jan 11, 2011Looks like triangle invalid now. Back to S2... kerthunk! That, ladies and gentleman, is why you only trade triangles once confirmed.
AUD/USD
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Venice replied Jan 11, 2011I hope to find some really nice snow bunnies this up and coming weekend...

EURUSD
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Venice replied Jan 11, 2011News due out at 7:30... buttt we are forming an ascending triangle here... and it's using the S1 as it's ceiling... Fireworks will ensue if it breaks the upper barrier, or at least, that's generally how these things work. Could break down just the ...
AUD/USD
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Venice replied Jan 11, 2011Hmm. I'm not to sure if that last long add at 2948 was a good idea at this point in time. We'll be back for the Asia to see where things set. Just made a new high on the 1h... but barely.. I'll be much more confident once we get over 2991.
EURUSD
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Venice replied Jan 11, 2011Let's go 3000... I'm ready to see a re-trace... very cautious with my longs right now.
EURUSD
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Venice replied Jan 10, 2011Yup. Plowing right through S2 as well... let's see how this last stand fib level holds.
AUD/USD
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Venice replied Jan 10, 2011Order didn't fill, missed it by 2.3 pips. Lovely. On to the next... Currently watching the retracement here on A/U. Price is making an attempt to close below the new daily pivot on the 1h. We are closely approaching 50% and then on to 61.8% levels. ...
Venice's Trading Journal
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Venice replied Jan 10, 2011Most of my trading is simple highs/lows being broken in relation to the previous candle... is this what you are referring too? I use this for trend direction, then use pivots/MM/Fib to determine entry.
EURUSD