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| GBP/USD Hourly |
If you patience enough to wait for the good setup to trade, then money will come to you...
Thursday, 29 December 2011
A simple false break with BDB (GBP/USD)
If you patience enough to wait for the good setup to trade, then money will come to you...
Saturday, 24 December 2011
Daily Trade Review (23 Dec 2011)
GBP/USD Saddle Point, Fractal Breakout
Wait for the european, best at london open for fractal breakout..
Enter buy at 1.5708 (break fractal 1), got stopped out at 1.5679, -29 pips loss
Stop and reverse, enter sell at 1.5679 (break fractal 2).. Closed half of my position at 1.5629 for 50 pips profit and let my remaining position to run.. Might get small profit or hit a jackpot, we'll see...
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| GBP/USD Hourly |
Wait for the european, best at london open for fractal breakout..
Enter buy at 1.5708 (break fractal 1), got stopped out at 1.5679, -29 pips loss
Stop and reverse, enter sell at 1.5679 (break fractal 2).. Closed half of my position at 1.5629 for 50 pips profit and let my remaining position to run.. Might get small profit or hit a jackpot, we'll see...
Wednesday, 21 December 2011
Daily Trade Review (21 Dec 2011)
EUR/USD BDB False Break
Enter Buy at 1.3111, Stop Loss at 1.3100 (11 pips risk)
Let's see how this turn out. The bdb tail a bit short though and the AO is decreasing, but we'll see, only 11 pips stop loss, I'll take my chances (good risk and reward ratio). one hour and half before london' market open..
UPDATE
I'm out from my position at 1.3112, 1 pips profit.. Price rejected near resistance, let's wait for another opportunity, keep watchin this chart..
UPDATE
Let's try to sell, at 1.3112, Stop loss 1.3130 (18 pips risk)
UPDATE (Fractal Breakout)
Got Stopped out at 1.3130 for a -18 pips loss, let's stop and reverse, buy break fractal at 1.3130
UPDATE
My limit profit got hit at 1.3170, for 40 pips profit.. This is key level, near resistance and fibonacci 79 retracement.. Now price stall at support, watching if there's a bullish candle formation..
UPDATE
Spotted a bullish divergent bar at 15 min chart, buy at 1.3091 for a 20 pips stop loss at 1.3071.. Let's see..
UPDATE
Got stop out at 1.3071 for a -20 pips loss...
UPDATE (BDB at 61.8 Fibonacci)
Re-enter, another BDB, buy at 1.3074, Stop loss at 1.3056 (18 pips risk)..
UPDATE
Got stop out again, -18 pips loss.. Well that's trading, sometimes you win, sometimes you lose, but keep your losses at minimal level, total losses only -15 pips, not bad.. This is part of the game, no worries.. Now let's wait for another opportunity...
UPDATE
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| EUR/USD Hourly |
Enter Buy at 1.3111, Stop Loss at 1.3100 (11 pips risk)
Let's see how this turn out. The bdb tail a bit short though and the AO is decreasing, but we'll see, only 11 pips stop loss, I'll take my chances (good risk and reward ratio). one hour and half before london' market open..
UPDATE
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| EUR/USD Hourly |
I'm out from my position at 1.3112, 1 pips profit.. Price rejected near resistance, let's wait for another opportunity, keep watchin this chart..
UPDATE
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| EUR/USD Hourly |
Let's try to sell, at 1.3112, Stop loss 1.3130 (18 pips risk)
UPDATE (Fractal Breakout)
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| EUR/USD Hourly |
Got Stopped out at 1.3130 for a -18 pips loss, let's stop and reverse, buy break fractal at 1.3130
UPDATE
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| EUR/USD Hourly |
My limit profit got hit at 1.3170, for 40 pips profit.. This is key level, near resistance and fibonacci 79 retracement.. Now price stall at support, watching if there's a bullish candle formation..
UPDATE
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| EUR/USD 15 min Chart |
Spotted a bullish divergent bar at 15 min chart, buy at 1.3091 for a 20 pips stop loss at 1.3071.. Let's see..
UPDATE
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| EUR/USD 15 min Chart |
Got stop out at 1.3071 for a -20 pips loss...
UPDATE (BDB at 61.8 Fibonacci)
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| EUR/USD 15 min Chart |
Re-enter, another BDB, buy at 1.3074, Stop loss at 1.3056 (18 pips risk)..
UPDATE
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| EUR/USD Hourly |
Got stop out again, -18 pips loss.. Well that's trading, sometimes you win, sometimes you lose, but keep your losses at minimal level, total losses only -15 pips, not bad.. This is part of the game, no worries.. Now let's wait for another opportunity...
UPDATE
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| EUR/USD Hourly & Daily Chart |
Daily Trade Review (20 Dec 2011)
EUR/USD Saddle Point, Fractal Breakout
Enter buy at 1.3017, break fractal at london open
Closed half of my position at 1.3077 for 60 pips profit (near resistance)
and Closed my remaining position at 1.3105, for 88 pips profit (break bdb low)
Hmm.. let see if using the red or green line, how far will it go. But since it's a downtrend, I choose tighter stop..
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| EUR/USD Hourly |
Enter buy at 1.3017, break fractal at london open
Closed half of my position at 1.3077 for 60 pips profit (near resistance)
and Closed my remaining position at 1.3105, for 88 pips profit (break bdb low)
Hmm.. let see if using the red or green line, how far will it go. But since it's a downtrend, I choose tighter stop..
Saturday, 17 December 2011
Daily Trade Review (16 dec 2011)
USD/CAD Bullish Divergent Bar at Fibo 61.8 level
1st attempt, enter buy at the first bdb at 1.0318, Stop Loss at 1.0302 (16 pips risk) and I got stopped out, -16 pips loss.. But i believe this level is gonna hold.
2nd attempt, zoom out into 15 min chart, another bullish divergent, enter again buy at 1.0310, then got stopped out again at 1.0298 for -12 pips loss. Always keep your cool and watch the chart carefully, don't get your emotion run ur mind..
3rd attempt, another bullish divergent bar, enter buy at 1.0313, stop loss at 1.0295 (18 pips risk)...
Closed half of my position at 1.0360 for 37 pips profit and closed the other half at 1.0403 for 90 pips profit..
AUD/USD Bearish Divergent Bar at Fibo 50 level
Sell at 1.0002, Stop loss at 1.0022 (20 pips risk), and I got stop out for -20 pips loss.
Didn't re-enter, can't see any bdb, but there's a railway track, to busy looking at usd/cad so i missed it..
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| USD/CAD Hourly |
1st attempt, enter buy at the first bdb at 1.0318, Stop Loss at 1.0302 (16 pips risk) and I got stopped out, -16 pips loss.. But i believe this level is gonna hold.
2nd attempt, zoom out into 15 min chart, another bullish divergent, enter again buy at 1.0310, then got stopped out again at 1.0298 for -12 pips loss. Always keep your cool and watch the chart carefully, don't get your emotion run ur mind..
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| USD/CAD 15 min |
3rd attempt, another bullish divergent bar, enter buy at 1.0313, stop loss at 1.0295 (18 pips risk)...
Closed half of my position at 1.0360 for 37 pips profit and closed the other half at 1.0403 for 90 pips profit..
AUD/USD Bearish Divergent Bar at Fibo 50 level
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| AUD/USD Hourly |
Sell at 1.0002, Stop loss at 1.0022 (20 pips risk), and I got stop out for -20 pips loss.
Didn't re-enter, can't see any bdb, but there's a railway track, to busy looking at usd/cad so i missed it..
Thursday, 15 December 2011
Daily Trade Review (15 dec 2011)
EUR/USD BDB False Break
Buy at 1.3036, Stop Loss at 1.3056 (20 pips risk)
Closed 2/3 of my position at 1.3009 for 27 pips profit, and got stopped out at 1.3056 for my remaining position, -20 pips loss
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| EUR/USD Hourly |
Buy at 1.3036, Stop Loss at 1.3056 (20 pips risk)
Closed 2/3 of my position at 1.3009 for 27 pips profit, and got stopped out at 1.3056 for my remaining position, -20 pips loss
Wednesday, 14 December 2011
Daily Trade Review (14 Dec 2011)
EUR/USD BDB False Break
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
Whenever price at key level, try to find a sell signal, zoom out to 15 min chart
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
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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| 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
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| AUD/USD Hourly |
Whenever price at key level, try to find a sell signal, zoom out to 15 min chart
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| 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
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| USD/CAD 4 Hour |
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| 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)
Tuesday, 13 December 2011
USD/CAD T12/12/11 Trade Review
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| USD/CAD Hourly |
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| USD/CAD 15 min |
Buy at 1.0185, Add position at 1,0210.
Closed half at 1.0228 for 43 pips and 18 pips profit
Closed the remaining near resistance at 1.0258 for 73 pips and 48 pips profit
Then I traded the reversal
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| USD/CAD 15 min |
Bearish divergent bar, Buy at 1.0258, Targeted at 61.8 fibo but it rejected at 50 fibo, so I just closed half of my position at the rebound at 1.0244 for 14 pips profit and closed the remaining at buying point for a break even, 0 pips..
Now there's a divergence, I'm waiting for sell signal...
Saturday, 10 December 2011
USD/CAD Reversal Trade
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| USD/CAD Hourly |
Spotted this AO divergence, price failed to maintain its new low, creating a bullish divergence bar, enter buy at the next candle open at 1.0079, Target would be around 38.2 - 50 fibonacci retracement. First attempt of reversal, Price will always come back and re-test the low, so we want to secure our profit first..
Closed my position at 1.0119 for a 40 pips profit
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| USD/CAD Hourly |
Then price retrace and form a bdb at around 79 fibonacci retracement, enter again, buy at 1.0099, but i got stopped out this time at 1.0080 (one tick below the bdb low) for a 19 pips loss..
Once again price create a new low but failed to maintain below and form a bdb again, enter buy at 1.0080, This is the second attempt, so i target my profit at arround 61.8 fibonacci, closed 2/3 of my position at 1.00140 for a 60 pips profit and closed the remaining near resistance at 1.0195 for a 115 pips profit
This is why AO divergence has been one of my favourite, trading reversal, good risk and reward ratio.. : )
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