Weekly Trading Review (week 5)

Been busy this week, can't watch the market, so I miss a couple of good trade :(

Let's review Aud/Usd which again made a new high 1.0774 and no sign of weakening, still goin strong, I guess 1.1000 is on the way.

AUD/USD 4 Hour

A nice up trend on the 4 hourly chart.

Making a higher low between X and Z point.

Then let's look at the hourly chart, start from the Z point.

AUD/USD Hourly

Starting from fractal no 1 to 7 is all a valid buy fractal and i miss all of those fractal and I miss that nice, smooth up move :(



With a 5 bar trailing stop (since there's ao divergence at the peak, use tight stop), close all position at 1.0730 and this is what u get:






1. 1.0530 (200 pips)
2. 1.0536 (194 pips)
3. 1.0600 (130 pips)
4. 1.0688 (42 pips)
5. 1.0693 (37 pips)
6. 1.0727 (3 pips)
7. 1.0774 (-44 pips)


a total of 562 pips profit if you take all the fractal buy signal one contract each.... you can avoid taking fractal no 7 though since there's an AO divergence to maximize the profit, but +562 pips is still amazing :)


Well better luck next time, watch out for this kind of pattern, let's zoom out the hourly chart, so we can see the zig zag pattern..

- Start from point 1, a choppy up trend, but still an uptrend

- then it correct to point 2, but didn't go lower than point 1,

- start to move up again, create fractal x, above the alligator line, a valid buy fractal. then start buying from there..

- Check higher time frame to look at the major trend.



That's it for this week, next week, check the saddle point at EUR/USD, AUD/USD and GBP/USD..