March 31, 2006 - Consumer Spending

• Good day to stay out. Could breakout later this morning, but at this point, also being friday, not enough trend.
  

March 20, 2006 - GDP Released

• Great movement today after GDP release. Bearish for the USD so movement happened in just a few bars.
• Like yesterday, just have to avoid jumping in too early before bar closes and misreading trend direction.
  
• With such a sustained bearish movement past several hours, going long would have been a risky move which wouldn't have been justified for such a small gain.
• Trend 5
  

Post FOMC Interest Rate Hike

• Day after Fed rasied SIR 1/4 point.
• Bullish on EUR after yesterdays drop, climbing back to where it dropped.
• Exit was a little premature here, only gained +19 after being stopped for -14 ealier.
• Moves like other days have occured late in the day well after 11am.
• Observed the Bar Close Rule on entry, so entry was fine here. Stopped the trade too early, had to step out, will exit only on bar close so as to not violate the rule next time.
  

March 21, 2006 Feb PPI Released

• Trend at about 3, short trade was on the mark, trailed the stops though tight since I didn't feel the trend was strong enough for big pips.
• Stopped out at +33, still 3:1 which is more than an acceptable risk for me.
  

March 14, 2006 Weak Trend 2 Reversals

• Note the resistance line, but also how limited volitility has been. Any target over +40 pips is a stretch past few weeks.
• Traded only 2 contracts but let it his its limi instead of scaling and trailing the stop. For now this seems to be the higher percentage play in getting the most out of a trade, +40 is a good number.
  

March 8, 2006 Flat Trend 1

• Sideways market most USD pairs, probably due to big Trade news release tomorrow and Fed comments due later on today.
• Questionable volitility level from the start, better to take a small position when these conditions appear.
• The short breakout was weak, 3 bars at the most. Support levels being so close to entry, any Shorts would have been small gainers at best.
  
• This is a stand aside, protect the account and be defensive sort of trading day.
  

Yen Wolfe March 6, 2006

• Early stages of the formation, looking for a nice Short here, could be a biggie drop if things go according to plan.
• Still in hope mode at the moment, lets see where this one goes.
• Trade stopped out -30, catching the actual end of wave 5 is a little tricky, maybe a late entry isn't such a bad thing.
  

2 Wolfes So Far So Good March 3, 2006

• Haven't traded it live yet, just something I'm having fun with, still have some problems seeing these waves at times, but when I see them especially near key pivots, I won't ignore them so easy.
• Hope to be able to trade these on longer time frames when I get the hang of it.
• Update results: eur/jpy got stopped out and trend continued bullish, the wave formation was questionable. usd/cad much better results and better wolfe formation and hit target +73pips.
  

TLB Math Lines March 3, 2006

• ISM Released this morning at 10am - Slight rules violation here, entered short before 10am with a tight SL 18
• Morning Euro session flat dead and worthless to trade so stayed discipline there.
• The upside move right after the consolidation did not show enough volitility to make it worth the Long entry.
• Waited till the upper resistance are was approached and waited to see if it would break the key 1.2054 This failed and EUR dropped over +40 on 1 bar.
• Didn't want to stay short since i'm still not convinced we're bearish, if it bounces @1.1993 I may take a long looking for another +40