AUD/CAD update

AUD/CAD D1 chart

Price went down again but I will be waiting for a resistance at 0.950 if there is any. Stochastic show a downward cross over and RSI looks like going again to the overbought area. We will have a good signal of a new trend when the ADX line starts to go up again.

EUR/USD update

EUR/USD D1 chart

I'm seeing a resistance at 1.2980. I would like the price to break that resistance before the end of trading this week. I still don't see any reversal signal from my indicators so I don't have to worry (I guess).

I will be viewing again the chart on Sunday 30 June 2013 to see what happen to the price on closing.

AUD/CAD update

AUD/CAD D1 chart

My entry here hasn't been hit yet. The stochastic lines already pass through 50 level but RSI failed cross. Will see what will happen tomorrow if I will remove or just move my entry here.


AUD/CAD W1 chart

Looking at the weekly chart, ADX here isn't showing an end to the trend yet. Stochastic lines are still inside the oversold area and also the RSI line. But the histogram of MACD is showing a weakness. Most likely on the coming days we will see a reversal signal.

EUR/USD update

EUR/USD D1 chart

My pips returned to single digit at this moment. I'm guessing that price needs to have a support before it continue downward. The RSI indicator almost reach the over sold level. The stochastic lines have not cross over yet. And MACD looks like it is still going downward. I'm not sure about the ADX but hoping that it doesn't mean a reversal.

AUD/CAD update

AUD/CAD D1

My entry hasn't been hit yet and hopefully no spike will reach my position. The K line in stochastic crossed the 50 level but the RSI line which is more sensitive is showing another pull-back. If the price tries to go downward again and shows a resistance somewhere above 0.950, I most probably will make an aggressive move to have a long entry from 0.950 and 0.975

EUR/USD updated

EUR/USD D1

So far so good. Having 50+ pips as of this writing. I don't see any sign of reversal yet. I'm guessing this downward trend might go even further. I will be moving my target limit depending on my analysis of higher time frame charts. 

AUD/CAD

AUD/CAD D1 chart

lol. just learned that i can change the skin of my trading platform.

I've found a divergence here. Closing prices that I have connected shows a lower low. While all my three indicators shows a higher low. This is a Bullish regular divergence.

My buy entry is positioned above the recent high because I am thinking that price needs to surpass this level to validate an upward trend.

My trade on EUR/USD from 21 June 2013

EUR/USD H1

EUR/USD H4

EUR/USD D1

i was supposed to close my trade from the signals i got from H1 and H4 charts but decided to continue it to my target since what i think from D1 chart the price will reach the resistance line. unfortunately, i moved my s/l very near that's why i was stopped. my profit is only 85.7pips

 i was trying my luck in a smaller time frame earlier this day since i got a divergence signal and decided to trade 1:3 risk but a little spike hit my s/l giving me -5.8pips


i still got a waiting short entry at 1.3050 and still my target is 1.2900

GBP/USD

D1 chart

this is just the same with EUR/USD. Better to look for a good entry here.

USD/JPY

D1 chart

is this so obvious??? I will try to look for a good entry in this trade.

EUR/USD

H1 chart

I didn't close my trade here because the ADX didn't continue downward and considering the D1 chart below, even though the ADX in D1 just started to go down, the K in stochastic is approaching the 50 level. I am planning to wait and see if the prices will still go down and move my target.

D1 chart

EUR/USD H1

My trade here is based on stochastic's K passing the 50 level and ADX confirmation of the trend because the line is going upward. I will be closing my trade here when the ADX line show a downtick.

About this blog

This space will serve as my forex trading journal to record all my analysis, sentiments, profits and losses.

I will try to post daily to keep track of my progress specially when there is/are an ongoing trade/s.

At the end of each month I will be summarizing my profits and losses, and assess my trading strategy.