Some thoughts - and going back to my roots!

Note to self: Learn the lessons.

Looks like I should just stick to my original strategy of using support and resistant (only horizontal). I need to have a SL strategy in place for that and I'd guess I'd pretty well in that.

Sigh, candlesticks are very promising, but too bad that you cant get the same sticks in all platforms. Then which is the correct one?

Ok, switch time again. Back to my original style. Trading at support and resistant zones. Here are my current thoughts:

USD/CAD is at a resistant zone. Look for short entries.
USD/CHF is also at resistant zone. So is USD/JPY. All short potential.

EUR/USD could still squeeze a little downward move before moving up again. GBP/USD still has a bit of a downward move remaining before its move up.

Lets see how this one goes.

I will be restarting my trades. All previous trades details will be closed and I'd probably look at a fresh start after the weekend. Will keep posting my thoughts. And hold on for the charts.

Today's Candlestick View : 5th August 2008

Two pinbar setups confirmation occurred. Lets see.

EUR/JPY - Long trade opened. Pinbar 2 candles ago confirmed with a white candle from yesterday.


USD/JPY - Same as the above trade, pinbar confirmed with a white candle.


Hang in there for the updates tomorrow.

Post a comment and I'll respond to it soonest possible!