Trading Journal ::: Entry GBPUSD | 15 May 2009 | Closed

by imyatrader | 5/15/2009 | , | 0 comment(s) »

Trading Journal (GBPUSD)

I've short GBPUSD @1.5225, SL @1.5265, TP @1.4765, 05:37 GMT
My reasons are:

  • There is reversal pattern, head and shoulders.
  • I see doji.
  • Prices retrace at 38.2 Fibonacci Retracement.

150509gbpusdh4entry
Closed with lost -0 pips 12.48 GMT (I moved SL to BEP when I saw doji at H1 10.00 GMT)

Trading Journal

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Trading Strategy ::: Chart Pattern | 15 May 2009

by imyatrader | 5/15/2009 | , , , , | 0 comment(s) »

Trading Strategy

Chart Pattern (GBPUSD, USDJPY)

I see two chart patterns today. They are head and shoulders (reversal chart pattern) at GBPUSD and USDJPY.

Charts are below :
150509gbpusdh4 150509gbpusdh4

Trading Strategy

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Pivot Points | 15 May 2009

by imyatrader | 5/15/2009 | , , , , | 0 comment(s) »

Daily Pivot Points

S3 S2 S1 P R1 R2 R3
EUR/USD 1.34291.34771.35531.36011.36771.37251.3801
USD/JPY 94.2494.6795.3295.7596.4096.8397.48
GBP/USD 1.49181.49881.51051.51751.52921.53621.5479
GBP/JPY 141.08142.21144.16145.29147.24148.37150.32

Weekly Pivot Points

S3 S2 S1 P R1 R2 R3
EUR/USD 1.29021.30571.33451.35001.37881.39431.4231
USD/JPY 96.0296.9797.8598.8099.68100.63101.51
GBP/USD 1.45491.46911.49521.50941.53551.54971.5758
GBP/JPY 143.87145.41147.80149.34151.74153.27155.67

Monthly Pivot Points

S3 S2 S1 P R1 R2 R3
EUR/USD 1.21951.25401.28921.32371.35891.39341.4286
USD/JPY 90.0392.8295.8598.64101.67104.46107.49
GBP/USD 1.35661.39191.43601.47131.51541.55071.5948
GBP/JPY 127.25133.12139.75145.62152.25158.12164.75
Note:

Pivot points are very useful tools that use the previous bars' highs, lows and closings to project support and resistance levels for future bars. Daily pivot points are useful for swing trading. Longer term pivot points provide an idea of where key support and resistance levels should be. Place the pivot points on your charts and see how traders appear to give pivot point levels a lot of respect. Daily pivots are calculated from previous day's high, low, close which ends at 24.00 GMT.

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Pivot Points | 14 May 2009

by imyatrader | 5/14/2009 | , , , , | 0 comment(s) »

Daily Pivot Points

S3 S2 S1 P R1 R2 R3
EUR/USD 1.32881.34111.34761.35991.36641.37871.3852
USD/JPY 93.2194.1694.7795.7396.3397.2997.89
GBP/USD 1.47691.49271.50151.51731.52611.54191.5507
GBP/JPY 138.40141.14142.59145.33146.78149.52150.97

Weekly Pivot Points

S3 S2 S1 P R1 R2 R3
EUR/USD 1.29021.30571.33451.35001.37881.39431.4231
USD/JPY 96.0296.9797.8598.8099.68100.63101.51
GBP/USD 1.45491.46911.49521.50941.53551.54971.5758
GBP/JPY 143.87145.41147.80149.34151.74153.27155.67

Monthly Pivot Points

S3 S2 S1 P R1 R2 R3
EUR/USD 1.21951.25401.28921.32371.35891.39341.4286
USD/JPY 90.0392.8295.8598.64101.67104.46107.49
GBP/USD 1.35661.39191.43601.47131.51541.55071.5948
GBP/JPY 127.25133.12139.75145.62152.25158.12164.75
Note:

Pivot points are very useful tools that use the previous bars' highs, lows and closings to project support and resistance levels for future bars. Daily pivot points are useful for swing trading. Longer term pivot points provide an idea of where key support and resistance levels should be. Place the pivot points on your charts and see how traders appear to give pivot point levels a lot of respect. Daily pivots are calculated from previous day's high, low, close which ends at 24.00 GMT.

read more...

Pivot Points | 13 May 2009

by imyatrader | 5/13/2009 | , , , , | 0 comment(s) »

Daily Pivot Points

S3 S2 S1 P R1 R2 R3
EUR/USD 1.34471.35051.35901.36481.37331.37911.3876
USD/JPY 93.6994.8395.5396.6897.3898.5299.22
GBP/USD 1.48441.49581.51231.52371.54021.55161.5681
GBP/JPY 142.63144.46145.80147.63148.97150.80152.14

Weekly Pivot Points

S3 S2 S1 P R1 R2 R3
EUR/USD 1.29021.30571.33451.35001.37881.39431.4231
USD/JPY 96.0296.9797.8598.8099.68100.63101.51
GBP/USD 1.45491.46911.49521.50941.53551.54971.5758
GBP/JPY 143.87145.41147.80149.34151.74153.27155.67

Monthly Pivot Points

S3 S2 S1 P R1 R2 R3
EUR/USD 1.21951.25401.28921.32371.35891.39341.4286
USD/JPY 90.0392.8295.8598.64101.67104.46107.49
GBP/USD 1.35661.39191.43601.47131.51541.55071.5948
GBP/JPY 127.25133.12139.75145.62152.25158.12164.75
Note:

Pivot points are very useful tools that use the previous bars' highs, lows and closings to project support and resistance levels for future bars. Daily pivot points are useful for swing trading. Longer term pivot points provide an idea of where key support and resistance levels should be. Place the pivot points on your charts and see how traders appear to give pivot point levels a lot of respect. Daily pivots are calculated from previous day's high, low, close which ends at 24.00 GMT.

read more...

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