Traderdesk journal

[TraderDesk]

April 15 2013:

PA has continue down from Friday. Steeply... If it continues I will hedge my positions until the reversal starts...

[TraderDesk]

Finally I have a chance to look at the charts and here is what I see intraday:

gbpjpym151504.png

PA is still in a downtrend and I will wait until price crosses over the HA Line into bullish territory. Once there I will slowly start to build up my positions. I will be taking profit where I can as I need to bring down my DD...

[TraderDesk]

April 16 2013:

Watching the Yen pairs carefully today. I am see the first signs of an exhaustion of the bear swing from Friday. Intraday I am showing some attempts for PA to at least range so I will open a small long at the daily pivot with SL below the opening daily price which I have set below 148...

gbpjpym151604.png

Now my hourly chart still shows us in a downtrend so I will be cautious until the uptrend on the hourly resumes... Also the STO is at the high but that could also mean there is buying pressure once again from these levels...

gbpjpyh11604.png

Main trend is still bullish and that is how I am bias....

gbpjpydaily1604.png

[TraderDesk]

I am watching carefully USD/JPY on the 30 minute TF and it is also showing me a respite from the bear swing trend. If it manages to stay above the HA line for a few hours I will look at a higher chance of Yen crosses restarting a bull intraday trend...

usdjpym301604.png

[TraderDesk]

April 17 2013:

Yesterday PA turned from a bear to a bull... and today this morning it still is in a bull bias. PA staying above 150 will help confirm this. PA also jump up from the daily open which is another sign that PA is bullish...

I will open positions to play a potential bull market with short term profit taking as well as opening positions to a larger term rise to the 165 level...

[TraderDesk]

Intraday morning outlook:

I am looking at the 15 minute chart where it shows PA is in a bullish trend so far. As long as PA stays above 150.3 I am bullish intraday. That means I will be buying on the dips and closing at the peaks on this chart. I will also keep a position or two for a target ADR of around 152 area...

[TraderDesk]

April 18 2013:

Like yesterday the morning has started out as a bull intraday market... 4 hour chart is showing the potential to stay a bull market today vs yesterday where it was more ranging.

15 minute chart is firmly in bull territory for the moment and I will be adding and closing to bull positions UNTIL 15 minute PA goes below HA line...

On the swing trade I will add position at DMIDS1 at around 148.81 area as shown on the chart...

gbpjpym151804.png

[TraderDesk]

I like the CHFJPY pair for today so I am opening positions for potential PA to the DMR2 area to take initial profit...

chfjpyh41804.png

[TraderDesk]

When we have the beginnings of a intraday trend I like to scalp positions and/or add them to the swing depending on where I am at in my trades...

I like to scalp with the minute chart with my opening of positions. I have attached a live chart where you can see when PA gets close to the HA line I look to open a position... This works for me on the xxxjpy pairs often...

gbpjpym11804.png

[TraderDesk]

April 19 2013:

Looking at the GBP/JPY 4H chart it is showing that PA is overbought. That does not mean price will go down to any great degree but if it does I would look to buy some positions at lower levels say from 148.5, 149 and 149.5....

If 15 chart shows PA staying above the HA line then we can scalp some positions as well...