EUR/USD Week 2

1st Trade
Break down fractal, enter Sell @ 1.3269 (wiseman 3, enter one tick below the down fractal)
Protective Stop Loss @ 1.3308 (The last up fractal)

2nd Trade
Break another down fractal, add position, Sell @1.3227

Time to sleep, close my 1.3269 position @ 1.3232, just in case something happen while i'm asleep, price still above the up trend line, so need to be careful. Anyway total profit is 1.3269 - 1.3232 = 37 pips.

Tuesday, 10/8/2010 - 09:44 
price continue to go down, break the up trend line, still holding sell position from yesterday @ 1.3227. Try to follow the trend this time : ) we'll see how it goes.

Tuesday, 10/8/2010 - 13:01 
a bullish divergent bar (bdb), close 1.3227 position @ 1.3157. Total profit is 1.3227 - 1.3157 = 70 pips. Now i'll wait for the market to chill before looking for the next opportunity.

Tuesday, 10/8/2010, 19:00
Trend channel (the white line), means if it breaks 1.3134, the up move is just a correction, telling us that we're still in an impulse wave, the trend will continue to go down so I put a sell stop @ 1.3133. We'll see if it gets hit...

Tuesday, 10/8/2010. 19:15 (3rd Trade)
My sell stop got hit, so i'm on a Sell position now @ 1.3133
Put a protective stop loss if it breaks the upper channel @ 1.3184

Tuesday, 10/8/2010, 23:22
15 min & 30 min chart AO momentum decreasing, looks like a correction is coming, don't know yet, better play it safe, is late at night anyway and euro has moved quite a lot these 2 days around 230 pips, time to take a breathe first before it continues to go down...
Close my 1.3133 position @ 1.3103 with a total of 30 pips profit..

Wednesday, 11/8/2010, 10:08
Yesterday was a good call indeed.. Look at the chart below..

Wednesday, 11/8/2010, 21:48
Damn, i missed a fractal (the last down fractal on the chart below), got something to do when it was hit this afternoon T_T.... Trend is your friend indeed... Euro continuing its downtrend... Well i just have to wait for a bullish divergent bar to come out...

Wednesday, 11/8/2010, 23:27 (4th trade)
Here comes the bullish divergent bar, enter Buy @ 1.2908, no AO divergence, looks like it's a wave 3 (the highest peak of the AO), should be careful here, since it's still a down trend, maybe a move up is just a correction.. we'll see...

Thursday, 12/8/2010, 00:33
My stop loss got hit @ 1.2866, total loss is 42 pips... Hmm looks like the trend is not over yet, should've wait an AO divergence in 15 min chart. Need to remember this...

Thursday, 12/8/2010, 17:03 (5th trade)
After my stop loss got hit, price went down for about 30 pips, and then go up close above the red line. Just now hourly euro went down again and break the down fractal. I suspect this is a wave 5 of 3, hopefully my wave count is correct. SELL @ 1.2829, put a protective stop loss @ 1.2933 (last up fractal, above red line)

Thursday, 12/8/2010, 18:45
Close my 1.2829 position @ 1.2811, total profit is 18 pips. Need to go somewhere, can't monitor my position, so as usual i like to play it safe, if i miss this one, there's always be another opportunity : )

Friday, 13/8/2010, 09:44
This is why i like to play it safe : )

Looks like a wave 4 is developing, that's why i tend to be careful yesterday. If I go down to 15 min chart, there's an AO divergence means wave 3 is about to end, momentum is decreasing but we can't be sure if it's the end. Well better play it safe when it comes to wave 4 : )




Friday, 13/8/2010, 18:06 (6th trade)
Sell @1.2806, should've entered at 1.2819 but i miss it, damn hehehe.. anyway i'm on position now, put a protective stop loss @ 1.2906 (the last up fractal)

Friday, 13/8/2010, 19:39
a bullish divergent bar, close my 1.2806 @1.2824, should've closed at 1.2814 (one tick above dbd high), didn't see it.. Anyway total loss 1.2824 - 1.2806 = 18 pips.. i'll jump back in if it's break bdb low at 1.2776, or if it goes up i'll enter buy at 1.2906..

Friday, 13/8/2010, 21:28 (7th trade)
ok i'm in, Sell @ 1.2776