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.

NZD/USD sell update

The reason why I enter this trade is because I think the price need to bounce first from the top line of the channel then bounce from below line for support before it can go up further.

I was able to put a short order last 31-March-2016 below the top line of the ascending channel. Currently having 100 pips profit and my target is on what I think is a minor support level which will give me about 180 pips profit.

March 2016 Trading Summary

This is my trading for the month of March


10-March-2016          :          -86.9 pips

15-March-2016          :          -160.8 pips

29-March-2016          :          150 pips


Total pips is -97.7 pips

I think I have been to aggressive on most of my trades in this month. Good thing I was able to recover a little to not waste the profit of last month.