Cycle Trading

damn,very nice,your exit was also almost perfect

New longs. on the 4h chart, price dropped right on a time division. 30 min. chart shows a time division extension.

Update on the current longs.

find a line. trade it. gbpusd update.

update on the shorts.

Closing partial.

Current short.

Good looking trades JR,

I had to take the last couple of months to do a major life changing event. ended having to take my money and turn more or less.

Looking to get back into it strong come Aug. In the meantime, I heard a great answer to a poker question of all things, but it can be applied to trading just the same. The question eludes me right this second but the answer was simple:

Discipline, thought, and control.

How eloquent.

Opened some charts. IBFX now uses 5th decimal pricing. That pretty much means I have to re-code all of my tools. Not sure I care enough to be bothered right now.

It's been a while. Finally made an adjustment to my code to account for 5th decimal pricing. Charts of moves I'm following coming soon. Probably won't trade these in the live account because I'm pretty rusty. I need to get my game back before putting real money on the line again.

Last trade of 2010

4h chart GBP/USD. Price falling into a division of time against oscillator divergence. Overall price pattern looks somewhat like a rounding bottom. So the forecast was look for a strong push upwards.

Second chart shows the aftermath. Not bad for the first trade back in over 9 months.

The add-on. A couple more of these and maybe I'm ready sooner than I thought.

I was going through a bunch of charts on an old computer and found I had made this forecast on the Euro Daily clear back in April of last year. Look at how the forecast was almost spot on. It's not the greatest tool for exact timing unless you babysit it, but it's pretty uncanny in how it's usually fairly accurate. It does invert and that's the hardest part to figure out.

More 4h GBP.

And out. cha ching. Pretty ugly getting there, but it got there.

Wasn't going to show this one, but why not. Sometimes ugly is elegant.

Short

Update on the Euro Daily.

Updates.

Initial pound was pre-mature and stopped out. Re-entered higher twice. Sitting pretty now.