Saturday, 17 December 2011

Daily Trade Review (16 dec 2011)

USD/CAD Bullish Divergent Bar at Fibo 61.8 level
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..

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
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..

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