AUD/USD Trade, Fibonacci, Wiseman 1 and Divergence

AUD/USD Hourly

It's a clear downtrend, draw a fibonacci from last swing low then pay attention on the 38.2, 50 and 61.8 fibo retracement. Look for a sell signal around those area since it's a downtrend.

Zoom out to 15 min chart

AUD/USD 15 min

This is what happen when price at 50 fibonacci, a divergence with bearish candle, enter at 1.0108, stop loss would be just above last fractal, -20 pips risk, it didn't reach my target. A breakeven trade out at 1.0108

AUD/USD 15 min

and this is when price at 61.8 fibo, a wiseman 1 and a divergence, enter at 1.0136, hit my target at 1.0076 near 61.8 hourly fibo retracement for a 60 pips profit

GBP/USD and USD/CAD Wiseman 1 trade

GBP/USD Hourly

Too bad price did not retrace to the blue line, I was waiting to buy this one, a strong up trend indeed.

Took a counter trend, wiseman 1 at daily high (resistance) with divergence, Sell at 1.6060. Price went down and stall at support forming a double bullish divergent bar. Close my position at the open of next candle 1.6024,  for a 36 pips profit. Too bad it didn't go to my profit target at blue line.

Then price come back to re-test the daily high. I was hoping for an abc pattern, so I sell again at 1.6059 but then got stop out at 1.6076, for -17 pips loss.

Price continue heading up, now is testing daily high (8 nov 2011), another wiseman 1, didn't see this one. let see how price react at this area. hmm... a good opportunity to sell.

USD/CAD Hourly

Yellow box, Sell zone. If we zoom out to 15 min chart

USD/CAD 15 min

There's an abc pattern, start with divergence, then price go down, retrace back up, form a bearish divergent bar (right at the 79 fibo retracement), sell at 0.9946, close at 0.9910 (61.8 fibo retracement of the leg up), for 36 pips profit.

EUR/USD Trade review

EUR/USD Hourly

1st trade,
There's a divergence then an engulfing candlestick pattern, don't have to remember the name, by looking at the candle we can see there's a buying pressure.. Enter buy at 1.3106 for a 30 pips stop loss. My profit target is just around 38.2 fibonacci retracement at 1.3151 for 45 pips profit

2nd trade,
Price stall at 50 percent fibonacci retracement, then i zoom out to 15 min chart

EUR/USD 15 min

Enter sell when it retrace at 1.3173, stop loss 20 pips just above last swing high.. Closed my position at 1.3183 for 42 pips profit.. Then it continue goin down T_T.. My original plan is to close at around 1.3080 (previous daily low) but my psychology get the best of me..

oh well until next opportunity...

GBP/USD beautiful move and I missed it T_T

GBP/USD Hourly

How come i missed this one?! Too much watching USD/JPY... I don't know why but GBP/USD always, well not always but most of time will stall at 50 % fibonacci retracement... When it arrives to this key level, zoom out to smaller time frame to see if there's a divergence..

GBP/USD 15 min

A divergence, damn!! three ways we can enter, first using bdb, 2nd there's a trendline break and 3rd one is using fractal breakout... Didn't want to count how many pips I missed T_T

oh well, until next opportunity...

USD/JPY Head n Shoulder (abc pattern)

USD/JPY Hourly

First clue is divergence, then price moved down (wave a), retrace back to 61.8 fibonacci (wave b), shud've enter earlier around this area but didn't see it. Price continue to go down, break trend line, enter Sell at 81.28, close at 80.88 for a 40 pips profit (near support area)...

Wiseman 1 and a Divergence on EUR/USD and GBP/USD

EUR/USD Hourly

A simple divergence and a bullish divergent bar, Buy at 1.3188.. Didn't hit my target profit so I just close it for 30 pips profit at 1.3218.. 

GBP/USD Hourly

Buy at 1.5810, Stop loss at 1.5784... Hit my target profit for a 40 pips profit at 1.5850...

GBP/USD abc pattern & AUD/USD head n shoulder

GBP/USD Hourly

My favorite pattern, start with a divergence then price went down (wave a), rebound and stop at 79 Fibonacci retracement (wave b), then start to go down again break my trendline, enter sell at 1.5955 with a stop loss at 1.5979 (-24 pips risk). Close 60 % of my position at 1.5905 near support for 50 pips profit  then the remaining 40% close it at 1.5855 for 100 pips profit.. Wanted to hold a bit more but too scared already, don't have the mentality..

Divergence is indeed a powerful stuff. Really really loved it!!

Then the next trade is AUD/USD, a head and shoulder pattern

AUD/USD Hourly

Enter on fractal breakout at 1.0788, close position near the red trendline at 1.0758 for 30 pips profit

Divergence at key level on AUD/USD

AUD/USD Hourly

Watching price at 50 % Fibonacci Retracement, zoom out to smaller time frame...

AUD/USD 15 min

As usual a divergence setup with a bearish divergent bar (Wiseman 1), Sell at 1.0706, Closed when it rebound at 1.0686 for 20 pips profit, not bad... Tried to hit the home run, targeted price at 1.0610 (near daily low) but price rebound..

Fibonacci, Divergence, Wiseman 1 on GBP/USD

GBP/USD Hourly

Price retrace to 50% Fibo level, zoom out to 15 min chart and start looking for a buy opportunity

GBP/USD 15 min

There's a divergence, buy at 1.5783, Close position for 30 pips profit at 1.5813..

Then price continue to go down, I didn't take it. I was waiting for trendline break and it did but the stop loss was too big for me and i missed the big move T_T

GBP/USD 15 min

There's stochastic divergence, and also there's a bdb (wiseman 1) and with a nice angulation too if we put the alligator, and I don't know why I didn't take it..

Oh well, until next opportunity.. Gotta keep my eyes open..

Daily Trading Review (21 Feb 2012)

EUR/USD Hourly

I've been watching and waiting for price to go near daily high (resistance) and see how price react at that area.. Zoom out to 15 min chart...

EUR/USD 15 min

There's a divergence on the 15 min chart..  Then it break the trendline buy at open 1.3256, Stop loss at 1.3279 (-23 pips risk level).. Closed position at 1.3210 (near the hourly trendline) for a 46 pips profit..


This is my GBP/USD trade

GBP/USD Hourly

Been watching this pair too coz there's a divergence, 1st attempt (break trendline) got stop out for -10 pips loss then the second one get 40 pips profit (break trendline again)..

Now price is moving up, rarely happen at this hour, hmm?? there must be some news...

Euro zone reaches deal on second greece bailout package, oouw that's why.. I tot they're trying to push greece away from Euro??

oh well.. until next opportunity

EUR/USD Wiseman 1 with ABC Formation Trade

EUR/USD 4 Hour

It's been a while since my last post.. I've been watching this chart, this 4 hour chart caught my eye, a typical potential abc formation and it did form an abc formation. Started with a divergence (end of a trend) then price go down (wave a), after that you want to wait for price to retrace back close to its previous high and watchout for a bearish divergent bar or other sell setup..

Zoom out to smaller timeframe to get tighter stop and a better entry

EUR/USD Hourly

Price retraced to 79 % fibonacci level and form a railway track candlestick formation, price try to get higher but got rejected.

Enter buy at 1.3266, Stop Loss 1.3286 (-20 pips risk), Closed all position at 1.3176 for 90 pips profit..

Wiseman 1 at 61.8 fibo support level on GBP/USD

GBP/USD Hourly

Buy at 1.5732, Closed at 1.5782 near resistance for a 50 pips profit then it goes higher T_T..

Going with the trend, taking wiseman 1 when price retrace (at the end of correction)..

GBP/USD Loss Trade

GBP/USD Hourly

Enter sell at 1.5731, Hit my stop loss at 1.5757, -26 pips loss...

For today, hopefully it stays in a tight consolidation range throughout tokyo session then a false break at London open

USD/JPY on the watch

USD/JPY Hourly

EUR/USD on the watch, Possible Counter-Trend

EUR/USD Hourly

UPDATE
No Setup, No Trade.....

EUR/USD Hourly

A False Break and AO divergence on GBP/USD

GBP/USD Hourly

Sell at 1.5708, Stop Loss at 1.5738 (-30 pips risk), Closed at 1.5668 for 40 pips profit...

GBP/USD Trade (20 Jan 2012)

GBP/USD Hourly

First trade, Sell at 1.5490, Closed 2/3 of my position at 1.3455 for 35 pips profit and the rest got stopped out at 1.5504, -14 pips loss

2nd trade, Sell at 1.5518, Got stop out at 1.5540, -22 pips loss then a bearish divergent bar again, 3rd trade, sell at 1.5523, got stop out at 1.5543, -20 pips loss. This two trade use smaller lots, because it's an early attempt, you don't want to go all in with this one and also if we zoom out to 15 min chart, the AO was still goin strong..

GBP/USD 15 min

Bullish Divergent Bar at Fibo level on GBP/USD Hourly

GBP/USD Hourly

Buy at 1.5310 with a 30 pips stop loss at 1.5380, Already closed 2/3 of my position at 1.5350 for 40 pips profit.

Take a closer look at how price react near the support level which converge with the 50 fibo level..

Wiseman 1 Trade on AUD/USD Hourly

AUD/USD Hourly

This is my favourite pattern, we have AO divergence, a bearish divergent bar (bdb) at resistance and if you put the alligator, we have a nice angulation, but i rarely look at this. I prefer support/resistance.

Sell at 1.0360, Stop loss would be just one tick above the bdb high 1.0381, only 21 pips risk (tight stop)

Closed half of my position at 1.0330 for a 30 pips profit and closed the remaining at 1.0300, a 60 pips profit..

All you need is AO divergence.. :)

Daily Trading Review (11 Jan 2012)

GBP/USD Fractal Breakout

GBP/USD Hourly

Let's look at this, look how price tried to move higher but got rejected at fibo level and natural resistance 1.5500 figure. It's in downtrend, so the up move is just a correction, then it finally break the trend line (I think this is a bear flag pattern, but dun know, dun really care bout the name, what we want to understand is the price movement itself).

When it breaks the trend line, I dun jump in straight away and I might miss a trade but personally I like further confirmation that it's a valid break. Start looking for a SELL opportunity.. There's a fractal breakout, a bdb and sell near resistance (the trend line, support become resistance)..

I put sell limit near resistance but it didn't go there, only 2 pips away T_T

Then it continues down, break fractal sell at 1.5446, closed at 1.5376 (near support level) for 70 pips profit..

For today there's a tight pattern, let's wait wat happen at london open

EUR/USD BDB at support level daily low

EUR/USD Hourly

Buy at 1.2690, Closed at 1.2720 for a 30 pips profit.

A first attempt to move higher, normally it will retrace back to retest the support level and I'm waiting for that..

If we look at the 15 min chart, there's AO divergence, build up my confidence level to enter the trade..

EUR/USD 15 min

Daily Trading Review (09 jan 2012)

GBP/USD False Break Trade

GBP/USD Hourly

Sell at 1.5428, Hit my stop loss at 1.5451 for -23 pips loss...

Hmm.. let see, notice the ascending triangle pattern instead a usual tight flat pattern and also the AO divergence. things that should be taken in consideration for future trade.. Ok noted..

Wiseman 1 Trade on GBP/USD

GBP/USD Hourly

My first trade of the year 2012, price tried to move up but failed and form a bearish divergent bar (false break)

Sell at 1.5497, Closed half of my position near support (1st target) at 1.5467 for a 30 pips profit

Price didn't go to my 2nd target (daily support level), so i just closed the remaining at bdb high, 1.5414 for 83 pips profit..

Not bad for a start...