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.