Monday, 30 May 2016
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.
Labels:
AUD,
AUD/NZD,
Australian Dollar,
Buy,
Entry,
New Zealand Dollar,
NZD,
Trend 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.
Tuesday, 24 May 2016
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.
Monday, 23 May 2016
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.
Friday, 20 May 2016
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.
Wednesday, 18 May 2016
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.
Labels:
EUR,
EUR/GBP,
Euro,
Fibonacci Retracement,
GBP,
Great British Pound,
Sell,
Update
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.
Tuesday, 17 May 2016
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.
Labels:
Entry,
EUR,
EUR/GBP,
Euro,
Fibonacci Retracement,
GBP,
Great British Pound,
Sell
Monday, 16 May 2016
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.
Labels:
Entry,
GBP,
GBP/NZD,
Great British Pound,
New Zealand Dollar,
NZD,
Profit,
Sell
Friday, 13 May 2016
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.
Tuesday, 10 May 2016
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.
Wednesday, 4 May 2016
GBP/USD and NZD/USD sell profit
Tuesday, 3 May 2016
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.
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