NZD/USD update

NZD/USD D1 chart

Same as my post about AUD/USD, I just moved my stoploss just above today's high.

Stochastic line are in the oversold area and K crossed over the D line but that is the reading as of this writing. As long as the lines stay inside the oversold area, we can still expect move downward movement.

MACD line is about to cross the 0 level which is a strong indicator of a bearish trend.

RSI line is still trying to break the 30 level and as long as the line stay below 50, this can still be a bearish trend.

ADX line still going down and no sign of a strong trend.

AUD/USD update

AUD/USD D1 chart

Moved my stoploss near where my entry was because it is also the high of today's trading.

I still believe that the price has a long way downward before it reverses. But just in-case I'm wrong, I will just have a few loss.

Stochastic lines just above the oversold line and might be below the line by tomorrow's trading.

MACD lines showing a strong bearish trend by the direction of both lines while the histogram is giving a strong selling volume for this pair.

RSI is hanging just above the oversold area which is still a good indicator of bearish trend.

ADX line still hasn't show any signal of a clear ongoing trend because of it's direction pointing downwards.

NZD/USD Bearish Divergence

NZD/USD D1 chart

If I had seen this earlier, I should have more that a hundred profit right now.

As what is shown on the chart, the prices made a higher highs but the 3 indicators are showing lower highs which means that we are now going to the bearish trend.

My initial target is at 0.8170 but the price might retest the 0.7680 level.

AUD/USD loss and short entry set-up

AUD/USD D1 chart

My loss of 102.9 pips is caused by the news that triggered my long entry. The price spiked upward because of this:
Asian stocks down after Central Bank of China refrained from adding funds to the market pushing money market rates higher (Via Bloomberg)
23 Oct 05:07:23 AM GMT

Now, I positioned a short entry below the rising trend line to have a strong confirmation that the bears will take over.

Stochastic lines are showing that the bearish trend just started by getting out of the overbought area.

MACD's histogram is showing a weakness on buying volume and the MACD line is about to crossover the signal line.

RSI line is about to cross the 50 level which will be a good indicator that we are now in the bearish trend.

My initial target is above the 0.9220 price.

AUD/USD profit

I made a wrong decision of choosing to put my stoploss at 0.9610 instead of 0.9600 price. I should still have an open position. Because of that, I profited 150 pips from my entry on the previous week.

My additional long entry is still above 0.9670 price but if the price need some support to go up, the price might bounce from 0.95250-0.9340 level. I think the price will still go up since ADX is showing it's line pointing upward meaning the trend is still intact.

But failure to do so, my short entry is still at 0.9350 price.

AUD/USD update

AUD/USD D1 chart

Currently I'm having a 150+ pips and just waiting for the price to reach my target below 0.96670.

Stochastic lines are in the overbought area but staying there could result to more upward movement.

MACD histogram starting to show some buying volume and MACD line crossed-over the signal line signal's of price to go higher.

RSI break the 70 level and staying at overbought area meaning I should be cautious that the price might start to go down anytime soon.

ADX line just started to show a trend by making a line going upward. Hopeful to see this line to reach level 40 or more.

I'm planning to add a new long entry above 0.96670 price with a target price at 1.010 level.

USD/CAD loss

USD/CAD D1 chart

The price failed to reach my target profit below 1.0440 giving me a loss of -43 pips. I thought that 1.034 level was a good support for the price to push higher but the recent news about the US government will end it's shutdown made the US dollar stronger.

I still have my short entry positioned below 1.0280 price with a target price at 1.0380.

USD/CAD update

USD/CAD D1 chart

I added a long entry above the 1.0340 price with the target at below 1.044 price.

I moved my short entry below yesterday's low with target above 1.01380 price.

AUD/USD update

AUD/USD D1 chart

I added a short entry from the low of yesterday's trading with the target at 0.9030 price.

I moved my long entry to the top of 23rd September's trading with target below 0.96670 price.

My loss from the US government shutdown

The partial shutdown of US Government caused the US dollar to be bearish but a pull-back up to 50% of Fibonacci happen after the downward surge.

Since my positions have trailing stoplosses, the spike from the price managed to reach my stoplosses before pulling back to the almost original position for USD/CAD and halfway from AUD/USD.

September 2013 trading summary

Here is the summary of trading for this month

4-September-2013     :   -70 pips
9-September-2013     :   +100 pips
13-September-2013   :   +17.5 pips
18-September-2013   :   +99.9 pips
26-September-2013   :   +11.4 pips

Total pips for September is 158.8 pips
Ratio of my trade is 4:1

I wasn't aware that I only have 5 successful entries for this month. I tried to be more cautious and use the support and resistance levels for my entries. But this time, I am able to get my goal to have 100-200 pips.

Comparing my performance for this month to the previous months that I was able to put here in my journal, I can say that having few trades can result to a better winning rate and profit.

For the month of October, I will try to be a little bit aggressive on placing my entries but still with the help of support and resistance levels for positioning. My goal profit this time is 150-300 pips.