Thursday, June 25, 2009

JCL's Forex: Forex Trading Life

JCL's Forex: Forex Trading Life


June 25, 2009

Posted: 25 Jun 2009 07:41 AM PDT

System Update

Today will be a release for the long awaited locking stops to break even on the ZLC (4 & 8 hour). Will be posted on the update later.

[13:52:22]
jordan: 0pen positions updated
[13:53:25] jordan: I have to say with how tough the markets have been the last two weeks I am really happy we have not given up anything on our account balance, however we can fix that so that we are making small gains as well
[13:54:32] vets: considering the market conditions "Conquer" has played some great defense when things got choppy. well done Jordan! :)
[13:54:54] benjamin: Yes sooner the better.
[13:55:17] jordan: now I would like to see a defense that is also chopping away with small gains during these conditions
[13:55:40] jordan: also we need more defense on the ZLC which will be done (is being done right now) today

Approaching Setup

All eyes on the USD/CAD H4 as it is either going to fall back into a Drop In or cross the zero line to the upside for a ZLC.

[14:00:35] giovi: what we do with H4 USD/CAD ?
[14:01:28] jordan: right now we have sell Drop In criteria. we are also very close to a buy ZLC but price is now dropping
[14:01:45] giovi: ok thanks
[14:01:50] jordan: looks like 16:00 GMT will be the point we enter a short Drop In or if not looks like 20:00 GMT could be the buy ZLC


Possible Short Drop In

Short Drop In Photo

Possible Long ZLC

Long ZLC Entry Photo



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