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sydney new south wales / australia
Posts: 1 since Feb 2014
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hi my name is not the trendliner but visually my trendlines visualise a trainline so thats why this journal is called the trendliner sort of makes sense symbolically ,the way i see it price likes to follow the trendline ,this trendline does not in anyway interfere in the movement of the currency but simply shows when the pair is overbought/oversold and most of all lacking equilibrium
yep thats all from me now lets go and do some tech analysis,ouh i didnt tell you this is a techbased diary ,i do care for fundys but techs provide a lot of information without the fundys ,ur prob thinking what if a nonfarm payroll comes up and strikes you,well its not gonna effect me much since i look at 1h charts it would affect me if i trade 1m ,but commodities do tend to be moved by geopolitical events as currencies are only 10% paper and 90% binaries so if a war started yea that would affect the domestic economy tremendously but not as hard as it would hit the commodities because they are delivered raw and their supply could stall ,lets not get into this too much im no expert
ok here we go
short gbp/usd target 1 1.65 target 2 1.64 (im heading for this) im not in a gbpusd position but in a gbphkd
long eur/pln long at 4.16 target 1 4.21
short gbp/hkd shorted at 12.83 but im sure that it will go back to target 1 12.73
this hypotesis started last week ,without getting too cocky im gonna say that i hope that i will make a buck ,without confidence theres no trade but with too much confidence theres only a blown up trading account
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