AUD/USD loss

AUD/USD D1 chart

Two news from yesterday and today that made the usdollar stronger that cause this pair go down.

I was not able to monitor the news on Thursday and today I was late and only able to get some pips at the end of the trend giving me a total of -89.5 pips.

Since the break of 38% Fibonacci, this pair might continue to go down. My plan for next week is to look for a good position for a short entry.

EUR/USD bullish divergence

EUR/USD D1 chart

Price seems to find a support again at the bullish trendline and looks like there is a strong resistance above the 38% of Fibonacci Retracement.

Adding to that is a bullish divergence from the low on 6th-September to the higher low on 4th-November against the lower lows of the indicators.

One more good indicator that the short bearish trend is done is the ADX line starting to show a downward bend.

I placed my long entry just above today's high as per this writing.

AUD/USD update

AUD/USD D1

I'm still bullish in this pair from my post here. So I added a new long entry at 0.9550 price.

Stochastic line just went out of the oversold area which is a good signal of upward movement for the price.

MACD histogram showing weakness from selling volume and MACD line looks like about to crossover the signal line upward.

RSI line breaks the 50 level going upward.

ADX still don't give any indication of ongoing trend.

AUD/USD Bullish Divergence

AUD/USD D1 chart

On my chart above I can see that the price bounced from the 38% of Fibonacci Retractment and also formed the higher low of a Bullish Divergence.

Connecting the two significant lows of the price, I got a higher low.

Stochastic lines showing a lower low.

MACD histogram and even the lines shows a higher low.

RSI line showing lower low.

I don't have a target right now and I will just rely on my indicators on when will I exit my trade.

AUD/USD profit

I closed my trade earlier through mobile phone when I saw that the price is struggling to break the 38% of Fibonacci Retracement. But I failed to get a printscreen because when I open my computer, the platform already cleared the history of the previous trading.

AUD/USD D1 chart

From my short re-entry here, I decided to close my trade with +70 pips profit.

I added a short entry at the middle of 50% and 38% with initial target at 50% of Fibonacci Retracment.

October 2013 trading summary

Here is the summary of my trading for the month of October 2013

1-October-2013       :     -70.1 pips
17-October-2013     :     -43 pips
18-October-2013     :     +150 pips
24-October-2013     :     -102.9 pips
31-October-2013     :     +19.9 pips

Total pips for the month of October is -46.1 pips
Ratio of my trade is 2:3

From the loss on the first day, my next trade was not until the second half of the month. Even though I decided to be a little bit aggressive for the month of October, I still not able to see signals from other pairs. The first 2 weeks of the month seems like all the traders are undecided resulting to a ranging market. My entries was hit but the prices just moved between the stoploss and target line for a couple of days.

I failed to achieve my goal profit and ended up of having a loss.

My goal profit for the month of November is still the same of last month which is 150-300 pips.

NZD/USD profit

I failed to printscreen my trade earlier but I managed to see my profit of 19.9 pips from my mobile phone.

The reason why my trade was closed is because of the tip of the price reached my stoploss before going down again.