[FrankC]

Too tired now...will be looking at the prices during early euro session.

[FrankC]

A breakout of the cloud has occured at 03:15EST at 1.1449.

Short at 1.1450 SL 1.1495 (target open)

[FrankC]

Exited at 1.1440 (+10)

Prices are returning into the cloud, and MACD is turing positive.

Also in 30min. there was a doji at the bottom where prices closed above it.

[John_M]

Hi Frank,,,


I see your getting back into the swing of things..has been some big moves while you were away and I dont think its over yet.

Regards

John

[FrankC]

Ho John,

Long time no hear...I've been using a new charting style called Ichimuko which has been very interesting so far. I've got some good ideas about it in the Moneytec's forum. My charts look like they all have frozen! Seems to be a problem with the quote system. Very frustrating. Looking to sell usd/chf if it closes below 1.1410.

Cheers.

[John_M]

Hi Frank...


Yes I noticed you trying something new looks complicated to me..

I am still trying to stay simple with a breakout trading idea.


I will take a look at moneytec and see what you new thing is about.

[goodedesign]

if you would like to check out a series of seminars that offer techniques: check out the brochures for Wall Street Basics at http:/www.goodedesign.cc/wsb.html. it's really reasonably priced. Live Session 1 is only $100 and sessions 2-5 are only $800. After taking the 1-5 sessions, you are allowed to retake the seminars 1-5 free one time. The seminar leaders are NOT selling anything services, software or books...

if you would like to check out the material, but are not able to attend a live session; the sessions are offered in an audio CD format with accompanying manuals.

The brochure for both sets are downloadable at http:/www.goodedesign.cc/wsb.html[

trade well (practice more!)
pg

[goodedesign]

the url in the post should be http:/www.goodedesign.cc/wsb.html
i added a period in the last post that messed up the link...

[FrankC]

Wonder how many traders think that their performance is not good enough. Well, that's exactly how I feel about my trading now. It's a mix feeling, but you must keep your positive attitude, otherwise you are out of this game.

Anyway, I still think candlestick trading is the key to successful trading. Will continue to place my trades here live as soon as I am happy with my trading result. So far, I am not putting enough attention due my other day-job. Hope I can get back on the real track soon.

[candlestick1]

Frank where are you, please continue to post your trades so that everybody can learn how to analyze what you are doing

[FrankC]

Hello candle1, hope all is well. Doing allright so far. Will start placing my trades here soon after the new year.

Merry christmas, and have great new year. Cheers.

[FrankC]

Hope you all had a great new year, and best trading wishes for this 2005.

I will start to post my forex trades in this journal starting Monday-Thursday at 2PM EST. It's the new forex trading system I've been working on which is based on candlestick patterns, momentum indicators and cluster of moving averages. Let's see how it works out. Cheers.

[FrankC]

The bearish harami on late Friday took the prices down to the support level 1.1790...the inverted hammers right on the support could indicate a bullish reversal. The momentum indicators: positive for usd/chf.

Have a limit order to buy at 1.1800 SL 1.1770 TP 1.1850

[img]http://img111.exs.cx/my.php?loc=img111&image=184wh.jpg[/img]

[FrankC]

Buy order was trigerred at 1.1800 during 2pm bar...at 8pm there was a bearish engulfing bar, and decided to exit the position at 1.1785(-15 pips).

Well, hopefully better luck next time.

[John_M]

Hi Frank..

Hope you had a good break during christmas..now looking forward to a good trading year.