Bull Cat taking a standing eight count.

The Confession & The Secret

No counter punch from the Bull Cat and he looks like he might be going down. Can the Bull Cat muster a Rocky moment.

The Confession & The Secret

Bear Cat landed a quick right hand! Let's see if the Bull Cat can throw a right hook.

The Confession & The Secret

There's a Cat fight going on at the M1 level. Of course, as a Line trader, I am not allowed to have a "Cat" in the fight. image

The Confession & The Secret

A dual 127% expansion test now underway: 3708 at the top and 3468 at the bottom. The winner will establish or re-establish the M1 market. As long as this market fight takes place away from my Line, I'm happy. image

The Confession & The Secret

A move down to the 127% expansion level, would effectively kill the M1 Bullish move and re-establish the M1 Bear market. image

The Confession & The Secret

And, just like that, the EURUSD sets up another M1 127% expansion zone with a recent M1 top at 3700.

The Confession & The Secret

This now sets-up a larger 127% test at 3712. image

The Confession & The Secret

Market showing minimal respect to the second 127% test at 3679 and continues to show upward expansion for now and has provided NO downward thrust upon which another 127% expansion test could made. This typically indicates a new M1 Bullish market. ...

The Confession & The Secret

Market paid some respect to the first 127%, failed to move below the 50% retracement of the thrust that caused the strike on the initial intra-M1 127% expansion level and then moved above 127%. An indication that the primary move could be underway. ...

The Confession & The Secret

First real Perimeter Swap test coming up as price reaches the first 127% zone: image

The Confession & The Secret

LOL, Dave Rovelli, was just on Bloomberg, saying that "its impossible to trade this market..." He went on to say that "...even the professional traders who have been doing this for years, can't make money in this market.." LOL, 243 pips later.... ...

The Confession & The Secret

Searching for a reason to use Perimeter Swaps.

The Confession & The Secret

Swap sequence initiated. Using M1 for cycles. Swap on Close.

The Confession & The Secret

V-Trigger at start of 1345 M15 bar at 3647: image

The Confession & The Secret

Technical Analysis: While I wait in the next V-Trigger, I'll quickly explain why the EURUSD is behaving the way it is. Bloomberg, reports that the EUR is giving back a large portions of its recent gains, because of the lack of clarity out of Europe ...

The Confession & The Secret

Ok, Daily range is now 152% of normal. Range limits are now 172 - 193 pips, with 263 pips run out thus far. So, unless the EURUSD makes a huge retracement to the upside, I really should stay away from any V-Trigger that involves an entry with 0% ...

The Confession & The Secret

I'm waiting on another V-Trigger.

The Confession & The Secret

About 39 minutes late to work this morning. It looks like the 0000 GMT T-Trigger was worth an absolute 243+ pips through this morning. That's what was possible. I closed the position at roughly +41 pips on paper and then set an 80 pips limit order ...

The Confession & The Secret

I basically had to cut this down to the focus of this morning. The two trades seen are from 0000 GMT. Firs trade closed was -26 pips in swap loss. Second trade closed for roughly +80 pips net gain. Total net pips on the cycle was approximately +28 ...

A Different Kind of Journal (EURUSD)