Thread: SolomonFX Trade Journal (The Eye Of Solomon)

My Sunday/Monday commerce on powerful trending bullish momentum. Risk appetite was in full swing since Greece spurs rally in global markets. At least for the time being.

Not enough sustained trending momentum for my taste today.

The market today is a scalpers fantasy nonetheless. Not my cup of tea.

Standing aside until London Open tomorrow.

Waiting for the market to tip its hand. No directional bias that is clear.

Standing aside until London Open

Entered a few long transactions. Ranging markets, no trending momentum. Closed trades around break-even.

Stepping aside until tomorrow.

It was slow as she moves until London markets opened. Appears like Risk appetite is seeping back into the market.

EUR/USD has stalled with a Hammer Candle @ 1.3364 and is currently edging upwards.

You win some you get rid of some. Market was slow as she moves this session. I Entered a long trade. Price did not have enough momentum to carry it to my goal @ yesterdays large 1.3475. Trade was available for 11 hours. Time to call it quits and cut my losses. 11 hours exposure in the market is long enough.

My doctrine has always been that if your analysis is completed correct and you have a high probability trade it should hit your goal in a reasonably short time period. If not it's time to depart as market requirements have changed.

As I write this price is headed back up.

I am eye balling a potential Bearish Breakout trade.

Waiting for London Open and trending momentum to kick in. No occasion risk on the horizon.

Bearish breakout commerce on strong momentum. Indiors ing the e mails as price as well as fundamentals.

A few notes heading into the new week.

Originally Posted by ;

A few notes going into the new week.

Really clear and clean chart. Thank you.
My thought also to pull back to 1.328x/1.332x resistance and when market conditions allow, taking a massive brief from there down to 1.314x. Perhaps we can now fill that GAP we left 2 weeks ago.

2 Queries Jeremy:

1. You don't utilize Fibs here, just pivots, is there a reason behind it?
2. The Clarity Indior, is that a custom made ?

Oh and one more, you daily pivots, what can you have as daily final time?

Thanks for sharing your view.