Update

MPB Journal

Orders cancelled.....LL put in yesterday. My long bias remains but I am waiting for PA to comply.

MPB Journal

Yep...100% agree. It has officially triggered a sell for me too. 1) COT favours shorts here 2) Daily close below EMA20 3) Daily close below previous weeks low. I'm selling the next rally. Great minds Olu.....

Trading For Those With a 9-5 Job

GBP/AUD I am bullish GBP and Bearish AUD......BUT......this one has my attention. Its against my bias but it looks like a great CT short swing opportunity?.........will think about it over the weekend......

MPB Swing Journal

Position Update Open GBPNZD - [email protected] [email protected] [email protected] [email protected] NZDCAD - [email protected] [email protected] CurrentSL@ 0.8700 [email protected] EURUSD - [email protected] [email protected] CurrentSL@ 1.3251 [email protected] Closed GBPCHF -1R Loss

MPB Swing Journal

Yep......shorts only on this pair for a while......

MPB Swing Journal

Corn Long Orders On the fundamental side producers are way behind on planting Corn crops based on last year. This means there could be supply issues if they do not get planting soon. If this is the case they will most likely plant more Soybeans. So ...

MPB Journal

Orders cancelled. Lower low made. I was nearly taken in Long but missed by a few pips. May be rolling over now?....

MPB Swing Journal

NZD/USD - Long Orders One good looking signal today. I have a bearish bias on the NZD but the trend is still up at the moment (Despite the lower recent Daily High). The reasons supporting this Long are as follows: 1) Failed at breaking recent ...

MPB Swing Journal

Thanks

MPB Swing Journal

GBP/CHF - Short Nice spotting by Olu on this one. My screener has shown a short pin bar today. Although I have a bullish bias on the GBP I do like the potential in this trade. The reasons supporting this short are as follows: 1) Failed second ...

MPB Swing Journal

That bar looks great. I will be trading from it in swing mode only. I have a GBP bullish bias based on COT and the short term trend aligning with this. So will not be expecting a large move down but hopefully enough for a good swing. In saying all ...

MPB Swing Journal

Indeed.....I have put the intraday stop aside for the time being and am using end of day for the stop. There have been a number of occasions where I should still be in profitable trades if the EOD stop was used. As usual the trade off is the 3R ...

MPB Swing Journal

Position Update Open GBPNZD - [email protected] [email protected] [email protected] [email protected] NZDCAD - [email protected] [email protected] CurrentSL@ 0.8700 [email protected] EURUSD - [email protected] [email protected] CurrentSL@ 1.3251 [email protected] Cancelled Orders AUDNZD - [email protected] [email protected] [email protected]

MPB Swing Journal

Position Update

MPB Journal

USD/CAD - Short This is my second attempt at shorting this based on the bearish COT conditions. Like HO we are at extreme levels regarding positions and all participants are equally opposing. We have now clearly closed below the EMA20 with four very ...

MPB Journal

Yeah it will be interesting.....I have been long only since April 17 and its just been bouncing around as you have shown. My expectation is that if we can get above 100 and hold then I might never close my long Mike

Trading For Those With a 9-5 Job

Heating Oil This market has been setup for a COT buy since end of March. We are at record levels regarding positions held by each of the participants. All participants are extremely opposing which is also encouraging. Technically, the price action ...

MPB Journal

Thanks for your words Jay. It means a lot from someone you highly respect. It will be a sort of decision tree type thing. Its a work in progress like most things but it makes me feel more centred and confident about the decision making process. Hope ...

MPB Journal

After taking some time to reflect on my journal to date and looking at how things have evolved I have realised something. That being I have deviated a bit too far from my original intended framework. I have found myself trying to spend less time ...

MPB Journal