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January is ending

floge Posted 31 Jan.  in #Trader's blog #January
January was my 5th month experiencing the forex, was the second decent month in a row (made a monthly PL=+29100), and finally i have an up swing on my year cumulative P/L curve, ie, since my minimum P/L I can already see a up trend with a higher low and a higher high. I hope I can do whatever it takes to not breakdown my higher low, will see... and I will not increase leverage until I have a positive year cumulative P/L.
Now i'm happy with my results, even in a very complicate month in my job/st…
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USD/CAD update

floge Posted 22 Jan.  in #Trader's blog #USD/CAD
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Previously
on 2Jan
Long Term: On USD/CAD monthly chart, we have a double bottom possibility with huge bullish divergence. After that, it seems that we have a base zone, a long-term area with top at 1.0450-1.0660. At the moment price is trying to clearly break up 1.0660 level.
Medium-Term: In uptrend. since the high at 1.0735 we are in a correction. At the moment we are closer by trend TL which may hold the price.
Short-Term: Ranging on this timeframe, now in t…
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EUR/USD update

floge Posted 21 Jan.  in #Trader's blog #EUR/USD
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On the monthly chart we can see a sideways movement with resistence at 1,50-1,52 and support at 1,20-1,17. Since the minimum price of July 2012, we are ranging with top at 1,37 resistence zone. If we clearly breakout this level, the path will be free to return to the top at 1,50-1,52 area.

Price made a potential double top on the weekly 1.37 resistence ie the breakout failed two times in a row. This double top can guide us much more below current …
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