Trade the plan

Hi Guys, this is d' journey. I have been documenting my trades for a while now and i feel that it might be a good idea to have some company for discussion. It is after all a long and lonely road. Let's rock & roll, buddies!

USDCAD:
Trend - Up
Analysis - Short-term prices seem to be diving down, but overall longer-term trendlines (D1) all point to an uptrend. Price might have just reached the first retracement trendline.
Plan - Long in H1

USDJPY:
Trend - Neutral; bias with down
Analysis - D1 has hit a resistance and MA200, might reverse from here.
Plan - Short h1 once there is some confirmation.



As u would know, i have already shorted this. My entry price was 120.70 and i would either exit partially at a PRR (profit-risk ratio) of 2:1 or at 119.00.

Latest update - Price is now at 120.19 if you have been following the USD/JPY. I have reached my PRR of 2:1 but i will try to let the price run to 119.00 with a close eye on it. Any possible reversal and i will pull out with a TP (target profit).

Price has continued to run to 119.75, and is approaching the first target profit zone. This has now reached a profit-risk ratio of 3:1. It has become more about controlling the trade win now. So the first thing i have done is to manually trail the SL. There is nothing much u can do about a loss, but everything to do for a win.

Price has hit 119.5 and we are almost near the final TP zone. Any threat of price reversal and i will just take majority of the profits and convert this into a D1 trade by reducing position size and putting the SL above yesterday's D1 candle instead.

As you can see, this USD/JPY trade has run very well according to how i hoped it would have been. Additionally, you would have noticed i have used a TSL to protect my running profits. Price has now run to 117.80 and I have set the next TP at the next D1 support. The profit risk ratio has now hit 10:1. This has helped offset my other 1% trade losses elsewhere and still come out profitable.

Hey guys, good day! Started the week on the right footing and i am about to begin my analysis for the Europe/London session. If there is any interesting charts, let me know and we can discuss!

AUDNZD:

Trend - Neutral; bias with UP
Analysis - On a longer-term trend, D1 has been moving up. However, it has stayed in consolidation in the medium-term. Prices have reached D1 m20 and also in H4, it has been travelling up on a rising broadening wedge.
Plan - I am going for a short-term trade via m15, looking to take profits at the next H4 resistance 1.0869. Watch out for H4 m20 at 1.0815 though.
Review - Stop loss got triggered a couple of times. Some retracement starting to happen in H4 back to its trendline. I would say wait for a bounce up in H4 first before executing in m15.

Just to share current positions (last digit is a sub-pip).

Let me know if you have a similar or different view on my positions.

USDJPY Non-farm Payrolls Impact:

My take on USDJPY today is that there will be a bounce regardless of the volatile non-farm payrolls, just whether it is from the beginning or eventually. If you look at the screenshot, as far as 5 months back, the USDJPY has been travelling above this support. How many non-farm payrolls have there been, do the maths? Price is now near the support and i will be entering at this zone.

All the best with your trading!

After the Non-Farm Payrolls, it's like this huge wave has come and it's time to surf, dudes. I have added some positions but not before covering the original trading by moving the SL to breakeven!

Hope it's been a rockin' good day for you folks too!

Hi folks, i would like to eat my words and say that the USD/JPY has now changed bias. Its support was breached and confirmed. So my view is downtrend now. Refer to the chart.

EURJPY: Neutral; bias with UP

Trend - Neutral; bias with UP
Analysis - D1 has come down to rest at a key support at 127.00. Anticipating a bounce from this zone.
Plan - Long in H1 when opportunity shows.

NZJPY

17th Feb '16:
Trend - Neutral; bias with UP
Analysis - D1 has been bouncing up this key support

Anybody got any trade ideas to share?

Okay, does this chart get anyone as excited as me?

GBPCAD - Uptrend
Analysis - This uptrend has gone as far back as 2 1/2 years since Aug 2013.
Plan - I am so willing to put a long position trade on this one.

NZDUSD:
Trend - Up
Analysis - D1 has broken upwards of a long-term trendline but is lingering at the MA200.

Plan - Wait for d1 to confirm and close above MA200 to enter a long.

EURNZD:

Trend - Neutral; bias with UP
Analysis - Price has been travelling in a huge triangle and has now hit a support within a range.

Plan - Long in H1 with supporting indicators.

AUDNZD:

Trend - Neutral; bias with Down
Analysis - D1 has hit a resistance of a range and is likely to bounce down.

Plan - Short in H1 with supporting indicators.

NZDCAD:

Trend - Down
Analysis - D1 has broken downwards of a support and trendline support. It also seems to be travelling in a new down channel.

Plan - Short in h1 with supporting indicators.

NZDCHF:

Trend - Neutral; bias with UP
Analysis - Price has been travelling within the upper section of the range.

Plan - Long in h1 for a bounce up the support with supporting indicators.

Okay folks, that's all my analysis for the NZD charts today. What is your opinion, which charts do you agree with me on? Drop me a reply or let me know which pair you would like to me to analyse so i know i am not alone and i will keep this thread going.