We do not chase price action. — Price well exceeded my target. Well, Today is just getting started. Better luck next time.

Aox's 2010 Journal

Eur/Yen short scalp — Entered this short trade on the 60 min chart and fell back to the 5 min to manage. Tiny pip gain but break out of the flag gave me the cajones to lay a little mor risk than usual. Closed prior to my target getting hit. ...

Aox's 2010 Journal

eur/yen short closed — entered at 113868 closed at 114065- 23 pip loss

Aox's 2010 Journal

You've got to have an open mind — The hammer that prompte my exit out of my short was just to good to pass up. so I studied the charts and saw some good things. I went long with two positions. 1st 113206 and the 2nd at 113297. I will close ...

Aox's 2010 Journal

one of two eur/yen shorts closed — Price has hit a lower trend line with a bullish angle with what seems to be a hammer. I closed one position and moved my stop loss to break even on the 2nd position. 1st position opened at 113705 and closed ...

Aox's 2010 Journal

My thoughts on the week so far — On the 24th I noticed something on the weekly chart that caught my attention and really should not have because it really went against every thing traders are taught and told we should not do and that is go ...

Aox's 2010 Journal

Eur/Yen short managed on the 1 min chart — Three positions opened at : 114138 114168 114145 Target was the 1618 extension at 11401. Target hit for combined 40 pip gain

Aox's 2010 Journal

Eur/Yen short from earlier eur session — Entered at 113882 exited at 113645- 28 pip gain. Very ugly price action on this trade at the time. but, it served its purpose.

Aox's 2010 Journal

Eur/Yen short trade closed — Entered at 114091 Exited at 113767- gain 30+ pips. A textbook looking morning star at a support level prompted my exit.

Aox's 2010 Journal

Eur/Yen short trade closed — Price has retraced back to the location of the 3sma on the weekly chart that I transposed onto my hourly chart with my take profit line. As I had hoped, If price gets to ahead of the 3 sma on larger timeframes it ...

Aox's 2010 Journal

Eur/Yen top? — I think I can feel the floor shaking on this pair. Next week is going to be nice for the yen versus the Eur. Double top forming on the 15 min chart as I write this journal. 200 pips easy. If i'm wrong it won't be the first time. ...

Aox's 2010 Journal

Long trade on the eur/yen closed — Entered at 112.67 and closed at 113.107 - 51 pip gain. I'm looking at longer time frame charts. 4 hr + and with my 3 ma I'm looking for price that has ran away from it. MA is a lagging indicator and price is ...

Aox's 2010 Journal

Exited eur/$ short trade — Entered at 133917 closed at 133066 - 85 pip gain. I was originally on the wrong side of the price action with a short on my 1st trade and lost 78 pips. I then found an oppurtunity for a 2nd short trade with a little ...

Aox's 2010 Journal

Trade closed at 133799 — Greed is a bad thing. Price pulled back to the 1 hour bb mid line and I could have taken my 20-25 pips but noooo. Baaaam took off like it stole something. Price was Goooone. The 200 on the weekly is were i'll be hangin ...

Aox's 2010 Journal

Eur/$ short taken — My initial target is for price to test the 200 EMA as support that was broken at 13158 on Tuesday or the return of price pulling back enough to meet the 3 ma once again. I think a push higher is iminent but a bounce off the ...

Aox's 2010 Journal

Closing eur/$ long trade — Price is right at the 200 ma on the daily and though I think the price will go through because of the flat direction it is forming I do not think that my position will survive a pull back so I will take profit now ...

Aox's 2010 Journal

Eur/$ short trade closed — This trade was opened mid way through the NY session but has hit the wall right now. Trendlines and support indicate to me a snails pace up to midnight at least so I decided to take profit and see how things play out ...

Aox's 2010 Journal

Closed my Eur/$ short — The short trade entered at around 13140 has been closed at 13055 for gain of 85 pips.. Price has hit the 200 EMA on the 15 minute chart and that is as good a place as any to close for the week. Though the 1 hour support ...

Aox's 2010 Journal

4 Hour evening star? — An evening star sems to be painting on the 240 min chart. I may give my short a chance to be something. I'm going to give it a short leash though because it still has to close below the 6 sma first.

Aox's 2010 Journal

Faded the breakout with a short entry Eur/$ — Sometimes we have to listen to our gut. It tends to have our best interests in mind in my opinion at least. The price broke out of the upper channel line but it had too much to contend with at the ...

Aox's 2010 Journal