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