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