Wednesday 14 December 2011

Daily Trade Review (14 Dec 2011)

EUR/USD BDB False Break
EUR/USD Hourly

Buy at 1.3209, Stop loss at 1.3239 (30 pips stop loss)
Closed half of my position at 1.3163 for 46 pips profit
My earlier plan is to let my remaining position to run and trail the stop, but got a bit scared looking at the big down candle so I just closed it at 1.3089 for 120 pips profit, hoping for a pullback to re-enter but price keep going down since there's no support nearby...

Could've hit the home run but didn't have the guts, oh well it's a good trade after all, still learning to want what the market wants.. : )


AUD/USD BDB 61.8 Fibonacci 
AUD/USD Hourly

Whenever price at key level, try to find a sell signal, zoom out to 15 min chart

AUD/USD 15 min

Buy at 1.0143, Stop loss at 1.0166 (23 pips stop loss)
Closed half of my position at 1.0080 for a 63 pips profit (near support and 61.8 fibo level)
Closed my remaining position at 1.0043 for a 100 pips profit

USD/CAD BDB 50 Fibonacci
USD/CAD 4 Hour


USD/CAD Hourly

Buy at 1.0267, Stop Loss at 1.0293 (26 pips risk)
Closed half of my position near support at 1.0237 for 30 pips profit
My remaining position got stopped out at break even, 0 pips (trail my stop to my buy point)

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