Trading Journal

06 / 21 / 2007

corsairs — Thu, 21 Jun 2007 02:53:51 +0000

Longer term chart.

corsairs — Wed, 20 Jun 2007 03:00:19 +0000

Point of Control = 1.9847

Value area = 1.9831 – 1.9860

Trade setup = watch price action around 1.9847 & 1.9860 after UK MPC Meeting Minutes released.

06 / 19 / 2007

corsairs — Mon, 18 Jun 2007 22:25:32 +0000

Point of Control = 1.9833

Value area = 1.9801 – 1.9844

Static level in range = 1.9847

Trade setup : short @1.9833 if price bounced from 1.9847 downward. Target1 would be 1.9801, target2 1.9735

06 / 18 / 2007

corsairs — Mon, 18 Jun 2007 01:57:46 +0000

Point of Control = 1.9703

Value area = 1.9688 – 1.9725

Static level in range = 1.9735

Trade setup : long @ 1.9725, SL @1.9698, target1 1.9775, target2 1.9847

06 / 15 / 2007 result

corsairs — Sat, 16 Jun 2007 02:11:53 +0000

Normal variation day

06 / 15 / 2007

corsairs — Fri, 15 Jun 2007 00:42:17 +0000

Point of Control = 1.9694

Value Area = 1.9668 – 1.9712

Static level in range = 1.9735 & 1.9623

Enter on responsive buying / selling reaction on the edge of value area. Cover if price breaking value box. Watch for break & retest on fairest price for it could be a starting point to seek new value area.

06 / 14 / 2007 result

corsairs — Fri, 15 Jun 2007 00:31:17 +0000

Normal variation day

Price has move considerably into new value area under yesterday value area, and stays there building new value.

06 / 14 / 2007

corsairs — Wed, 13 Jun 2007 23:27:18 +0000

Point of Control = 1.9729

Value Area = 1.9713 – 1.9750

Static level in range = 1.9735

Price closed inside value area, but the value itself it seems has shifted downward a little. There still no clear direction on where it would go. So we might want to enter on any responsive buying / selling that happens outside value area. Risk would be when price close firmly outside value.

06 / 13 / 2007 result

corsairs — Wed, 13 Jun 2007 23:21:27 +0000

Failed range extension day

Market seems to build value around mid static level @1.9735. Yesterday range extension downward pushed back into value area. I guess thats has something to do with US treasury report. Anyway, we will wait how this value area played out.

06 / 13 /2007

corsairs — Wed, 13 Jun 2007 05:49:20 +0000

Point of Control = 1.9728

Value area = 1.9710 – 1.9755

Static level in range = 1.9735

Yesterday price make range extension above value area, but pushed back into value area by the end of the day. As we see in Asia session, price has tested both PoC and upper value area. Buy when price bounce above PoC, Risk would be a range extension / value builds under 1.9728.