Danny's Trading Journal

[DannyBly]

Today's trading: around 7AM CST entered long off bullish EMA cross - RSI was unable to cross 50 - got a little chopped here costing me about 8 pips...entered long at 1.4623 off bullish divergence between RSI and price....EUR spiked up and we got bullish confirmation with EMA cross and RSI finally crossing its 50 center line....exited the long at the 50% level and then the 61.8% fib level. End result: +20 pips. Calling it a day.

[DannyBly]

Got short around 7AM CST off an inside bar breakout - never got the expected follow through and was forced out of this trade. Later got short off bearish EMA cross - this trade worked out and I took profits early. Finally, took a small position off the bullish EMA cross and was able to catch a couple of pips. Net result: +2 pips

[DannyBly]

I'm watching the ascending triangle form on the daily chart of EUR/USD - the pressure is bottling up - the Eurozone data coming out this week may be sufficient to trigger a breakout one way or the other -

[DannyBly]

Looks like we have an imminent death cross (50 period EMA crossing below the 200 period EMA) occuring on the hourly USD/CHF:



However, we are up against some pretty good support off the trendline shown on the daily at around 0.99955:



Looking for bearish follow through below the trend line on the daily.