USD/JPY sell loss

D1 chat

stoploss got hit but it seems that the price is still struggling to break that resistance level.

-75.5 pips loss

will wait for closing price to see what will be the candlestick.

USD/JPY sell

D1 chart

This will be my trial on trading from support and resistance levels. I don't have a target yet but my stoploss is positioned few pips above the most recent swing high.

NZD/USD sell

H4 chart

I set a short entry earlier when I saw a regular bearish divergence in the H4 chart of NZD/USD. My stoploss is a few pips above the line of the ascending channel. No target, but will observe how the price will move.

EUR/USD and AUD/USD sell profit

From my trade entry post here, I was able to manually close both my trades earlier. Giving me 59.7 and 26.4 pips profit for EUR/USD and AUD/USD respectively.

EUR/USD 15m chart

AUD/USD 15m chart

I tried watching the price action in the 15min timeframe of both EUR/USD and AUD/USD. Then I positioned short entries since I think that the trend is still bearish. The price reached a point where I thought was a good resistance level so I positioned my short entries below the recent support level. The price movement did go down as what I expected but it turns out to be just a support level. From both trade in EUR/USD and AUD/USD I got -25 and -21 pips loss.

The total pips I earned from the 4 trades is 40.1 pips profit.

EUR/USD and AUD/USD sell

EUR/USD D1 line chart

 EUR/USD D1 candlestick chart

AUD/USD D1 line chart

AUD/USD D1 candlestick chart

I'm going to combine what I learned from this video and bearish divergence signal.

AUD/NZD buy loss

Another loss for me since the start of the month of June. The reason why I enter this trade is because of the divergence I saw which can be seen here. This pair gave me -154.3 pips loss.

AUD/NZD buy entry

D1 Chart

I'm going to try again this pair but this time my signal is from a regular bullish divergence with a visible crossover of K over D and the K line just got outside the oversold area. My stoploss is positioned few pips below the previous swing low and my target is below the descending trendline from the swing highs.

EUR/GBP and AUD/NZD trades loss

AUD/NZD D1 chart

 EUR/GBP D1 chart

My stoploss at AUD/NZD was hit and I decided to manually close my EUR/GBP trade. Both trades gave me -380.9 pips loss.

Both my trades here are test of my knowledge about support and resistance line drawn from previous lows. I guess I need more understanding of where is the real level for SaR.

One thing I regret is that I missed that Regular Bullish Divergence in EUR/GBP from the previous lows.

May 2016 Trading Summary

This is my trading for the month of May

3 May 2016          :          101.7 pips

4 May 2016          :          106 pips and 68.9 pips

13 May 2016        :          200 pips

16 May 2016        :          5.9 pips

16 May 2016        :          70.8 pips

20 May 2016        :          134.9 pips

30 May 2016        :          -135 pips


Total pips is 553.2 pips


As what I can see, most of my profitable trades are from a divergence with the stoploss adjusted manually to make sure of having a profit.

AUD/NZD buy entry

I set a buy entry in this pair because the price failed to breakout the resistance line with my stoploss just below the line. Both the stochastic and MACD oscillators are indicating a start of bullish trend. The price might try to break the ascending line again, that's why I set my buy entry above the previous highest bar. If that is the case, I will position my buy entry at a lower price.

I am guessing that the price will try to reach the top descending line.

USD/JPY sell, loss

 The price breakout from the descending trendline hitting stoploss, thus giving me a loss of -135 pips. My mistake here is entering my trade without looking first at the lower timeframe for better position.

EUR/GBP sell

D1 chart

My short entry positioned below the most recent low was hit earlier. My stoploss is above the ascending trendline where the price bounces back downward. I don't have a price target for this pair right now but I'm thinking it will just reach the 61.8% of the fibonacci retracement. I will just monitor the price movement for now.

USD/JPY sell update

D1 chart

Currently I'm in a -66.3 pips loss. The price did not continue downwards as what I expected. My stoploss is still just above the descending trendline but I still think the price will go down as long it stays under the trendline.

My mistake here is entering the trade too late from the previous price decline and not checking the price movement in the lower timeframes before the price went up.

USD/JPY sell

D1 chart

My reason for the short trade here is because of the hidden bearish divergence from the lower highs of price against the higher highs of both stochastic and MACD oscillators. Set my stoploss above the descending trendline and my target is from the resistance line of December 2013 and support line of October 2014.

EUR/GBP sell profit

H1 chart

Good thing I moved my stoploss at the 38% of the fibonacci retracement before I went to sleep. 

The reason I moved my stoploss is because I noticed that the price is forming a symmetrical triangle. I was thinking that if the price will continue to go downward, the top side of the triangle is a good position for the stoploss to secure some profit.

Now that the price rose about 20 pips above the 38% of the daily fibonnaci (my chart here), I'm still thinking that this is just a fakeout and the price will continue to go lower. But if the price breaks the level of the consolidation yesterday then I might set a buy entry.

My gain in this trade is 134.9 pips profit.

EUR/GBP sell update

D1 chart

My prediction of the price going down was correct and now it just over the 38% of the Fibonacci Retracement. Still, both the oscillators are showing bearish trend in this pair and will adjust my stoploss when the price break thru the 38% line.

My current but open profit is more than 125 pips.

GBP/NZD sell entry removed

D1 Chart

Good thing I positioned my entry below the previous low or else I'll be having about -180 pips loss and the price keeps going high. Currently it is about 570 pips away from my position. Because of this I decided to remove my sell entry.

EUR/GBP sell entry

D1 Chart

I will be a little bit aggressive here by placing my short entry in the middle of the current candlestick but will have my stop loss just above yesterday's candlestick. My target price is in the 50% of the Fibonacci Retracement. Both oscillators are showing signals of bearish trend. The stochastic lines are pointing downward and just above the 50 line. While in the MACD and signal lines just crossover and the histogram is starting to form below 0 line.

USD/CAD sell profit

H1 chart

This pair is starting to go up again so I decided to take the 70.8 pips profit. I will look for new entry if the price continues to go downward.

GBP/NZD sell profit, new entry

H4 Chart

I decided to close my trade and take a small profit of 5.9 pips because the price failed to break the previous low. I think this pair is still bearish so I set a new entry just below the resistance line.

GBP/NZD sell profit and new entry

H4 Chart

I moved my stoploss earlier but unfortunately got hit again before the price decided to continue to go lower again. I secured about 200 pips profit but forget to make a screenshot and my trading station does not store closed trades after New York market close.

D1 Chart

I still think that the price is going down because of the regular bearish divergence from the D1 chart. I was able to make a short entry again when I found out that my stoploss from my initial entry was hit.

GBP/NZD sell

H1 Chart

This regular bearish divergence from the price against the stochastic indicator is the reason I entered short in this pair. My target for now is on what I think is a support area for the price to bounce back upward.

H4 Chart

But looking at the H4 chart, it seems that the price might still go lower. I will just manually adjust my target and stoploss while the price goes down.

USD/CAD sell

H4 Chart

D1 Chart

I entered short in this pair looking at the H4 chart which showed me a regular bearish divergence. So far it still looks bearish by the indicators all pointing downward.

Now looking at the D1 chart, I am just waiting for another regular bearish divergence to occur for me to hold my short trade for few more days. If my analysis is correct, the price will try to bounce on the descending trendline before it continues to go upward.

But if it fails, then I will just try to look for a better manual exit price to have good profit.

Currently I'm having 47.9 pips profit.

GBP/USD and NZD/USD sell profit

From my entry yesterday here for GBP/USD and here for NZD/USD, both my stoplosses got hit first before the trend continues to reach the position of my target. Thus giving me 106 pips profit in GBP/USD and 68.9 pips profit in NZD/USD.

NZD/USD sell

The price failed to break that resistance line from the most recent swing high so I decided to enter a short entry. My target is on the level of what I think is a support if the price will decide to go high again. I moved my stoploss a few pips higher that the highest price in the current candlestick.

GBP/USD sell

Looking at the H4 timeframe of GBP/USD I noticed this regular bearish divergence. I positioned my entry below the recent support level to confirm the trend if it breaks. I moved my stoploss to secure some profit if the price fails to get near the bottom of the channel.

USD/JPY sell profit

I was late to notice that hidden bearish divergence but was able to ride the trend for more than hundred pips. Then earlier when the price seems to be going to the other direction, I moved my stoploss to secure some profit thus giving me 101.7 pips.

April 2016 Trading Summary

This is my trading for the month of April

8 April 2016          :          109.3 pips

22 April 2016 EUR/USD          :          7 pips

22 April 2016 GBP/USD          :          123.8 pips

no blog post          :          -200 pips


Total pips is 40.1 pips profit

Hoping that I will not be much busy on the month of May in order for me to assess the chart more and make a profitable trade.

GBP/USD short trades profit and open positions

This is my short trade from 19th April. The reason for my trade here is because of the bearish divergence from the ascending price against the stochastic descending lines from the overbought area.

The target price was manually positioned before they released the news for USD. It gave me 88 pips profit.

From the m15 timeframe I waited for the price to go high and look for a consolidation then set a short entry. My first entry is still open with a target of about 100 pips but I think the price will still go down judging from the chart in H4 timeframe. My target now is the bottom of the channel which can be seen in D1 timeframe chart that is shown in the last picture.

The second trade I made I used the fibonacci retracement. I just set my short entry from the 38.2% level and target at the 61.8% since the price is surging. That gave me 35.8 pips profit.

I add another short entry because I think the price need to bounce from the bottom channel first which can be seen in the D1 timeframe.

A total of 2 short trades profit and 2 open short trades in this pair.

EUR/USD short trade closed with 7 pips profit but will look to enter new short

Continuation from my post here, I moved my stoploss to secure some profit before the price spiked upward. I was just worried that it will go high enough to my original stoploss position and leave me with a loss. I saw a broadening wedge at the 1H timeframe and moved my stoploss just above the top of the wedge. The result gave me 7 pips profit.

But, from the price movement, it seems that the bear trend is still not done. MACD indicator is still showing that the price might still go down. My plan now is to look for a short entry when the price breaks the previous lowest price.

EUR/USD short trade update

I set a short entry in this pair from my post here. Both the oscillators are giving signs that bear market just started. I hope that this is not just a fakeout and I would like to see the price to test again the bottom channel at 1.050 price.

NZD/USD sell, profit

I moved my stoploss earlier when the price tried and failed to break the low of the previous day. After 7 days I gained 109.3 pips profit. The price might still go down by the end of trading day but I decided to secure my profit first then try to enter again if a signal shows up.

EUR/USD potential short trade

The price in this pair is just below the channel's top line. I spotted a regular bearish divergence from the recent highs of the price against the lower highs of the stochastic divergence. The histogram of MACD indicator is showing a decrease of strength for the price to move further upward and the MACD is about to crossover the signal line as a sign of bearish market.

I am planning to enter a short trade in this pair below the minor support line. Stoploss just above the most recent high and first target is at 1.10550.