February 2016 Trading Summary

I started trading forex again after a long hiatus. Here is my performance on the month of February 2016.


11-February-2016          :          405.6 pips

15-February-2016          :          108.9 pips

19-February-2016          :          195.4 pips

29-February-2016          :          -199 pips


Total pips is 510.9 pips

I've noticed that I am trading less today compared to years ago and my profit is far more better.

But this is just the first month of trading again. My strategy might still change if I see a more profitable way of trading.

I still have 2 open positions in EUR/USD pair and so far they are both in the profit side.

US30 buy, loss

Last friday, 26th of February 2016, I set a long trade in US30 (Dow Jones). My reason for entering a buy is because of the divergence. Price sets lower lows but oscillators showing higher lows.

But my long entry was positioned a few pips below the highest price of that day. My stoploss was hit this morning, 29th February 2016, giving me a loss of -199 pips.

I think that the trend is still upwards, I just didn't have enough space for my stoploss that is why it was hit.

EUR/USD sell update

Earlier I set a market entry just few pips below at what I thought would be the lowest price after the consolidation in 15min timeframe. I was wrong and it got hit, and now I am having -50+pips for my second entry.

But both the oscillators are showing that this pair is still in bear market. I just hope that the price will close lower today to give more assurance of downward trend.

EUR/USD sell update

My current open sell short gain is 170+ pips so far.

The price might experience some consolidation inside the two parallel lines I drew just below where the price is now.

But both oscillators are showing signs that the price will continue downwards. The stochastic oscillator just pass thru the 50 level mark which is a good indicator of the direction of the price but this time I won't add more sell short. The increasing histogram bars from the MACD indicator is also a confirmation of downward price movement.

EUR/USD update

My position in this pair already reach more than 100 pips but experiencing some pull back. The stochastic lines are just above the 50 level meaning that the direction of trend here can still go back upwards. A good confirmation signal is coming from the MACD which already shown the lines cross over and histogram bars are under the zero line.

I moved my stoploss few pips above the current highest peak but my target profit stays at the same position as before.

Profit again in EUR/JPY sell

My target profit was hit earlier today giving me 195.4 pips profit! This trade lasted only for 3 days and gave me better result than my previous short trade which lasted for 4 days hit my adjusted stoploss.

EUR/GBP potential short trade

This pair is showing a Regular Bearish divergence from the two recent higher highs of the price against the oscillator's lower highs. I am not going to set a short trade just now but instead wait for the price to breakout from the ascending trendline.

Short trade in EUR/JPY again

I've entered a short trade in this pair again because of two things:
1. breakout from the ascending trend line
2. hidden bearish divergence

My stop loss is on the recent swing high and my target profit is above the bottom of the descending channel.

USOil showing a bullish divergence

I'm not a fan of trading the oil but this seems to be a bullish divergence. The prices showing lower lows but the oscillators stochastic and MACD is showing higher lows. Could this be the end of the down trend for the US Oil or will it just revisit the support at 38?

EUR/USD sell

Going back to my previous post about EUR/USD here, the price reached the ascending trend line but bounced back downwards. I made a market order sell earlier, my stop loss above the ascending trend line and my target is just above the bottom channel line. If the prices going down bounces back from the support line at 1.0775, I might manually close the trade to take my profit.

EUR/JPY sell, 2nd trade stop loss hit giving 108.9 pips profit

Yesterday I adjust the position of my stop loss just to secure some profit. I gained 108.9 pips from that trade which should have been more if my target profit was on the same position or few pips below of my first trade. Another thing is I missed in noticing that the prices bounced few times already from the ascending trend line which is an indicator of upward trend.

EUR/JPY sell update, 2nd trade

This is what my current position looks like in D1 chart. That last candle stick from final day of trading last week formed an inside day candle. Now, the price can either shoot upward or downward.

Zooming in to H1 chart, it seems that there is a resistance just above the high swings from 11th to 12th of February and that is also where I place my stop loss a few pips above. But if the price breaks out of the support line then there is a good chance that my target profit will be hit which is positioned at the line of the bottom channel.

EUR/JPY sell, second trade

After looking at chart for a couple of times early this day I noticed that the prices did not form only a descending line from the high highs but a descending channel. (Comparison to my previous post here)

Here is now the view of my open position. I moved my target profit at the bottom channel after the price failed to hit the initial position. There might be some retracement just like what is shown on the second image, H1 chart. But I think that the price will still go down since both the stochastic and MACD oscillator is telling that the downward trend is still on going as shown in first image, D1 chart.

EUR/JPY sell, closed with 7.25% profit, 405.6 pips!

The target profit of my first trade was hit this afternoon thus closing my trade but gave me 7.25% increase in my account.

EUR/USD possible retest or breakout

Possible scenarios in this pair:

1. The price will retest the resistance line at 1.1474. If it breaks, I will set a buy entry. Else, I will set a sell entry.

2. The price will bounce back downward from the ascending line then I will set a sell entry. If it breaks the line then I will go back to number 1.

EUR/JPY sell update, 5% profit but still open

Before I went to sleep last night I noticed that the high swings from 4th of February can make a descending line. So what I did is place a sell entry at where I think is a minor resistance.

Now with my two open positions my capital increased by 5%. So far I don't see any signal for a reversal of trend.

The fast line of Stochastic Oscillator already cross the 50 mark and the slow line is just few points above 50.

The MACD line crossed over the signal line which means a downward trend. The histogram started to show below 0.

USD/JPY pair started bear market?

The prices in this pair crossed the ascending trend line from the first trading day of January 2016 and revisited the ascending line on the first day of February. My plan here now is to get a good high price position and set a sell trade from there. This can be a potential long term sell trade.

EUR/JPY sell update

Now I have gained more than 100 pips which makes me almost 2% richer!

I am thinking to add more short trades from the current price position. Here are my reasons:
1. Stochastic lines are nearing the 50 level from the overbought area.
2. MACD line is about to cross over the signal line from above.

I will try to assess the situation of the price movement later this day or tomorrow and then will decide on if I will set another short trade and where will I position my entry.

EUR/JPY sell update

The whole day yesterday my position was always on red. I think I got too excited on my first trade after a long break. So far the prices are still below the descending trend line which is a good sign of further decrease in the next coming days.

The stochastic oscillator lines crosses the 80 line from the overbought area since yesterday which means that the price will continue to go downward.

While on the MACD oscillator, I am just waiting for the red line to cross over the blue line to tell me that the prices will continue to go lower. I think it will take few more days because the bars from the histogram are still high.

EUR/JPY sell

Set a short trade in this pair.

Reasons:
1. downward trend
2. hidden bearish divergence - prices sets at lower highs but oscillators sets at high highs.


my stoploss is set above the trendline.
my target profit is set at 126.22