Hi there, my name is Ivan, FX trader. After studying varies sources of information for the past few years, my understanding of the FX market has improved dramatically, with this blog simply intending to share with you all a journey within my mind. When I make it to full-time trading, I know the first person I should be grateful to is an Aussie PA trader named Jonathon; He has been inspirational and an enormours influence to gauge where the money flows to. His trades can be followed at http://forexpriceactiontrader.blogspot.com/ . What price is telling you is key, as it always whispers in low or high intensity what market intentions are. I do not endorse the use of any indicators, as they are lagging in nature; analysis should be based on pure price action. Besides, other factors like sentiment, fundamentals, risk control, rock-solid discipline, thousands of hours readings charts, also make up the equation to succesfully ride the FX waves. When entry triggers are detected, I act without hesitation, letting the market do its thing. Please note, information and opinions contained in this blog are for educational purposes only and do not constitute trading recommendations, thus will not take responisbility for any losses viewers may have. Trading FX carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. You should not invest money that you cannot afford to lose.







Monday, 11 April 2011

SHORT GBP/CHF WEEKLY PB


Tks Jeremy for the heads up. I first noticed this formation after you posted on PAT. This is the great thing about having our nice little hub to discuss PA, we can help each other to scan through all carts. We are one big eye awaiting to hunt down the press... nice! I have drawn three red lines, from top down they are SL, FTA where i will move to BE and take about 50% profits although I would like to see the momentum behind once the area is approached, perhaps will take only 1/4 if the level is ever reached. Last line drawn is the final target around 1.4400.

I am also delighted to see over the past few weeks the handling of boredom by most of us, we have not been been commenting tht often as there were no much to talk about, just vertical rises. Now with the corrections is time to take out our riffle and be ready to pull the trigger when the time comes! Let PA pave the way to trading prosperity and financial independence.
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1 comment:

  1. jeremy3114 April 2011 at 09:40

    hey ivan, yes its definately a major boost to have a bunch of people all looking for similar strong setups. I must thank you because if you hadn't have posted your blog reference in the other forum, i would still be trawling through all that noise trying to make sense of it all. I feel now like i'm on the right path to really get consistent, all thanks to you and johno.

    jeremy

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