Weekly Trading (22-27 May)

EUR/USD Hourly

1st trade


Sell at 1.4031 (fractal no 1 breakout).

Hit my 5 bar trailing stop at 1.4070.

Total loss: -39 pips

EUR/USD Hourly

I didn't take fractal no 2 breakout since it's still below 50 % fibo retracement, too risky for me, at that time i was still interested with selling opportunity

Then after it went up a lil bit, i'm starting to look at buying opportunity too..

Saddle point at the blue box, always check lower time frame, to fine tune your trade...

EUR/USD 15 min

Let's look at 15 min chart,

Bought at 1.4196 (fractal near 61.8 fib, above 50 fib)

Then got stopped out at 1.4231 (price close below red line)

Total profit: +35 pips

If I use the hourly chart for my exit, i'm still in with a 118 pips floating profit. Hmm... might consider this approach next time..

Overall this week still make a loss, -4 pips.. 

Weekly Trading Review (Week 4)

It's been a busy week, no trading for this week and I missed this good trade from EUR/GBP.. T_T

EUR/GBP Hourly

Weekly Trading Review (week 3)

EUR/USD Hourly

5 magic bullets on EUR/USD, price in target zone with bdb and AO divergence.

Entry buy, one tick above bullish divergent bar high at 1.4162 and got stopped out at 1.4224 (break down fractal), made 62 pips profit..

Then it went up again, break up fractal, re-enter buy at 1.4253. There's a bearish divergent bar, but i ignore it since there's no ao divergence. Price start to fall further, then i start to feel uneasy when it pullback more than 50 pips from its highest, so i close my position at 1.4280. Turn out i made a good decision. 27 pips profit, not bad..

Another trade I made is using lower timeframe (15 min chart)

Box X

EUR/USD 15 min

Hourly trend is down, then it start to correct, but not for long when it start to go down again. Break down fractal entry sell at 1.4377 (look carefully at the AO, near zero). Price close above red line, close my position at 1.4313, a total profit of 64 pips.

Box Y

EUR/USD 15 min

Same pattern, entry sell 1.4181, then i just close it at 1.4130 (price in the target zone, 1.62 fib expansion), made a total profit of 51 pips.. I never take the up fractal since the hourly trend is still down..

So this week made a total profit of 204 pips..

The rule is simple,
1. Look at the overall trend
2. AO near zero
3. Alligator mouth is open
4. Then entry based on fractal breakout

Weekly Trading Review (week 2)

Don't have any position this week, been busy, but let's review some good trade that i missed.

EUR/JPY

EUR/JPY hourly

EUR/USD

EUR/USD hourly

EUR/GBP

EUR/GBP

 

 

Weekly Trading Review (week 1)

AUD/USD Hourly

Australian dollar break new high.. Still an uptrend, one thing i learned from my experience is never ever trade against the trend for this currency, when there's a strong trend, better follow it, and no such thing as too high, just follow the signal (fractal, alligator, AO), wants what the market wants...

Missed last week up trend, but didn't miss this second change.. Same pattern as last week.. Price went up, then it correct for a while, then it continue to moves up (break up fractal above red line)..

Start with fractal no 1, didn't take it, too risky for me, but if you're aggressive you can take it..
I took fractal no 2 breakout at 1,0767, fractal no 3 at 1.0792 and got stopped out at 1.0804 (break down fractal), made a total profit of 49 pips..

Then the market correct not for long until it continue to go up and break fractal no 4 at 1.0832 and fractal no 5 at 1.0882. I got stopped out at 1.0907 (break down fractal), made a total profit of 100 pips..

Didn't take fractal no 6 and 7, I thought i let it correct for a while since the AO already peak (wave 3) and also there's a divergence. I expect a wave 4 but it continue to go up.. oh well i might miss the next up trend, for now i'll just wait and see for next opportunity..

Let's look at the pattern below, just follow the wave...

AUD/USD Hourly