Just to post a quick chart before the market gets busy again. Cable, $GBPUSD , zone around 1.5235 might provide some trading opportunity. The confluence of supply line and zone, and SR flipped zone. I am watching this level closely.
[tab: Setup 21 Feb 2013]
I am looking at the zone around 92.75 of USDJPY for some reactions. It is a retest of H1, H4 uptrend line and also the base of last spike. Let’s see how it goes.
[tab: update 22 Feb 2013]
It depends on the buffer you’ve set, or if you leave your order after the 1st rebound, you might have missed the entry by few pips. Annoying, it is. Anyway, here is the updated chart. Price reacted well at the demand zone. now heading to retest the back of inner trend line
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So, big sell off of GBP. There are loads of retracement levels for GBP crosses. I am taking GBPJPY to show potential reaction zone.
M30 – Around 143.90 zone. A retest of previous support turned resistance, with confluence of supply line, and the base of sell off. This zone should provide some reactions.
M5- Detailed look into price action. Expect compression or pattern such as triple tap into reaction zone.
After spending the whole night working on the website migration, I am happy to say the site is back online now. However, there are still some bugs caused by the old WordPress plugins which I will need some time to fix it. The most obvious problem is the photos/charts which were posted using Photopress plugin are now missing.
Anyway, I started this blog around 6 years ago, and it was meant to record the progress of myself developing as a trader. A a result, the changing of styles over time can be observed from different blog posts.
I started slowing down posting detailed trades here after turning full time, and more or less find a comfortable trading style that I am comfortable with. Occasionally, I am still throwing some charts here, twitter or tradingview.
It takes a lot of time and effort, and some money to run a blog. And I am seriously considering setting up a private section to keep my detailed trading journal with full pre and post trade analysis, lessons, technique learnt etc. It might be a paid section, or invitation-only section etc. Anyway, everything is still on the drawing board, hopefully I will have a full picture soon.
I am moving the site to a new hosting server over the weekend, so there might be some expected hiccups/down time. Fixing is in progress, and of course, I am working on new content for this site.
Just a quick note to blog readers, occasionally, I am also sharing some charts on Tradingview. If you interested in following my charts, check out my profile.
