Dislikedgood point. todays wld be 4th candle. beyond my rules. yet another quiet night..
just 2 trades this week.Ignored
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DislikedWhat about EURUSD, NZDUSD, and possibly cable if the RSI stays below the 50?Ignored
DislikedWell I took the following :
EURUSD. Some resistance at 1.2897 but that's only 30 pips off my entry price so I would expect it to push through.
GBPUSD. First TP set at the tunnel. Could be risky because it can bounce off the tunnel.
CADJPY. Was unsure because the RSI crossed the MA back on 22nd then bounced off the MA. I am going to risk it though. The days previous high for my stop makes it a small risk. Plus their is no resistance in it's way if it keeps going South.
Never took the NZDUSD. As Coolshades pointed out it hasn't stayed below the tunnel for any length of time recently.Ignored
DislikedDATE PAIR BUY/SELL PRICE TP1 TP2 PIPS
15-Jan AUDUSD BUY 0.7840 0.7900 0.7840 60
22-Jan EURCAD BUY 1.5312 1.5415 1.5312 103
25-Jan EURUSD SELL 1.2929
25-Jan GBPUSD SELL 1.9642 1.9585 57
25-Jan CADJPY SELL 102.48 102.82 102.82 -68
Total Closed This Week = 152
Total Still Open = 74 (2xEURUSD 1XGBPUSD)
Total = 226
Made a few mistakes this week by not sticking to the plan.
Closed my long AUDUSD early for 60 pips because I had been in the trade for almost a week and nothing much seemed to be happening. Shortly after it hit the first fib for what would have been 90 pips.
There was then a big reversal on the AUD which triggered signals on many pairs. I never took these feeling the previous move was too big and a reversal would catch me out. Most of these signals though would have made good pips.
I took CADJPY which was one day past my RSI/MA cross rule. It reversed within hours and stopped me out !
All in all though I came out at the end of the week with 152 pips in the bag and 74 more still in play so it wasn't all bad.
Note to self - "Follow The Plan" !!Ignored
DislikedWell I took the following :
EURUSD. Some resistance at 1.2897 but that's only 30 pips off my entry price so I would expect it to push through.
GBPUSD. First TP set at the tunnel. Could be risky because it can bounce off the tunnel.
CADJPY. Was unsure because the RSI crossed the MA back on 22nd then bounced off the MA. I am going to risk it though. The days previous high for my stop makes it a small risk. Plus their is no resistance in it's way if it keeps going South.
Never took the NZDUSD. As Coolshades pointed out it hasn't stayed below the tunnel for any length of time recently.Ignored
DislikedIt's looking like a busy day on the news front, might get a few of these currencies moving. I never took any new trades today but have the current positions:
AUDUSD
EURUSD
USDCHF
EURCAD
EURJPY
All are slightly in the red except AUDUSD which has already hit T/P1.
MikeC - No doubt there are others out there but I am using FXDD and they have those pairs.Ignored