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Oh and great diary, Cap'n.

Another winner but another big wicked candle came along again.
Beginning to wonder if the big wicked candles are more than conincidence and are related to overbought/oversold conditions dependent on the nature of this trade.
Need more data to draw any sort of conclusion really.

short at 1.9704 (2 pips late as I was slow off the mark)
half closed at S1 for +28 and rest taken out by stop by mistake at 1.9696 which was at +20 when system said should have been at +30. However, earlier stop at 1.9703 would have got taken out anyway so that mistake helped me out.
Overall +18

Also made +17 on gbpyen but once again got stuffed by fast reversal. So, is a pattern emerging on these reversals or just conincidence?

I'm wondering if EUR JPY is ready to turn back up again. A bit busy to watch too much today but earlier the MA's had all crossed on the M30 M15 and looked about to cross on the H1. Will try to post a chart at lunchtime.

I've already filledmemanolos, Seymour.

I knew you would have Hils :-)

I found this is quite informative about retail punters trading atttitudes :

http://fxtrade.oanda.com/resources/trastats/positionsummary.shtml

I've dumped them on that last legette up, Seymour.

Not looking too healthy now Hils. I now have a long running and am prepared to run a few days, I've seen it come down from 166 where I thought I should be short so this is where I think I should be long - quite prepared to be wrong though :-)

I'd rather be on the train even if it reverses at first.

I also agree that it's a long, but expected it to have a bit more va va voom and didn't expect it to back away from just above 161 as it did. I figure (hope) we'll see a better entry from lower down. M5, M15 and M30 all suggest it's going higher. They need to spill over into the H1 too imo.

Maybe, just maybe I can see a ma cross:

Or maybe not :-(

Only the 2 trades yesterday as above due to the fact my indicators showing the long term trends on H4 were in conflict for most of the day.
Not going to trade the gbpjpy. It's too fast and furious for me at the moment.

Spent some of the day investigating why I keep getting whipsawed out of winning trades for small wins. Read any number of conspiracy theories about stop hunting.
I do believe that after a considerable move in one direction once the stop firing momentum starts it does have an affect on the market.

Next objective is to research candle patterns to see if this will help my exits.

If this retraces to the somewhere around the 50 fib and daily pivot i'm going long on this with real money.
Hopefully those matching other fibs just below at 109.00 will save me it that don't work

right - money where my balls are long at 109.15

one bounces off the fib, the other off the pivot both within a few minutes.
Am a finally getting somewhere?

CC
Dont want you to think that no one is taking any notices of your post, as I am looking in during the day. I took 40 points on a USD/JPY long from yesterday and like you have just opened another long at 109.13

oh - you got to laugh - i put a stop in at +1 just before the data. got taken out and up she goes. live an learn

Sods law, closed mine for 42 points

Re cable - 1.96 has been a significant level in the last year - 1.9580s perhaps?

Have a look at USD / SEK choccie , approaching long term trend line ..... fill yer boots long :-)