Daily Journals & Ideas on traded currencies

I just closed a 30pips long position on Kiwi, I tried to scalp what I believe to be the last upward momentum before the next corrective wave comes in the market.

The correction would start probably toward the opening of Tokyo session or early London session tomorrow.

After the correction wave, I'll be anticipating to buy the next impulsive wave, towards the next resistance zone.0.7245

I lost 25pips to USD/CHF I opened the Sell-stop order since yesterday and it got triggered during the NY Open today and later got cancelled with my 1R stop-loss.

I tried to buy the next impulsive wave towards the downward hoping that the market will break the 100ema consolidation, but the market is still consolidating and the US Retail Sales Fundamentals got the order triggered and cancelled it with its volatility.

Well, I'm still gonna short USD/CHF, but it'll be till next week and hopefully the correction wave would hit the R1 or R2 reversal spot, for actual entry level.

I also have my eyes on the EUR/USD 1D chart Double-Top but imma wait for the good entry point.

Cable is still consolidating so as Euro and I'll keep them on my watchlist.

Today was a 1R loss and hopefully tomorrow is a better day!

Signing off -

I didn't open any position today, no trade at all.. It all went silent

EUR/USD is still consolidating at the 1.1990 Resistance level which is a very strong zone for Euro at the moment. Moreover, at that juncture, it's also a Double-Top pattern on the Daily timeframe, which makes the bearish momentum a more condescending option in the market, because if the price failed to break the 1.1990 Resistance level, then the price would utterly fall towards the

Cable is still consolidating heavily on the 4H and 1D chart, giving no chance to speculate with over 200point range volume. But, I don't like ranging market, it's either Trends, Candlestick or other Price level pattern like DT & DB, Flags and Triangle pattern. moreover, on Cable shows a significant pattern of a bearish flag on 30M and 1H chart.

Kiwi and Aussie are also consolidating on 50ema during the Tokyo and London open, but later during the late NY session the market broke below the 50ema and started a new stigma towards the bearish side. It will be best to wait for the correction at the R1 & R2 of the fib zone before any short entry. The trend might be a new phase of upward movement at least it look like such on the 4H chart. So it's best to wait it out.

That's it about my Major Currencies -

i did not trade yesterday Monday 19th April 2021.

i was busy, and also i was waiting for a new phase in the market condition, and fortunately that did happened. there was a huge spike during the London session that put the market in a precise momentum other than the consolidation phase it has been on since last week.

my watchlists are - USDCHF, USDJPY, EURUSD, GBPUSD, EURJPY and USDCAD.

i will be looking in these tomorrow -

I am up early this morning and these are my take before entering any position today. Still using my 1:2 RRR

My watchlist - EURUSD, GBPUSD, EURJPY, NZDUSD, AUDUSD, USDCAD, USDCHF and USDJPY

Now I'm eyeing USD/CHF on the continuation of it's downtrend.
Anticipating for EUR/USD to correct the spike towards the last resistance level 1.2045, then i will be looking for a ride towards the next support level 1.2145.
GBP/USD is showing a huge pattern of double bottom, but after the breaking the resistance zone it consolidated on last week, i and now hitting the all week resistance of 1.2010. i will be shorting, but before then, i will wait for a sustainable entry point.

TRADES -
1. In entered a market position on USDCHF, Which was as a result of the hit of the moment, but i don't wanna close it yet, even though it was just me following my gut, but I'm just noticing that Mt4n on PC and Mobile phone 1D chart are slightly different, especially their Moving Averages parameters doesn't tally.
2. i also opened a pending order on usdchf, sell-limit, i plan to follow the next bearish trend.
Attached Image (click to enlarge)

3. I am also waiting on the next movement of the GBPUSD, it will be a steady one, with the DT/DB pattern it showed, after breaking the 1390, i am positing about Cable
4.Still on GBPUSD, i just opened a short pending order, to catch the next bearish movement at 1.3960.
Attached Image (click to enlarge)

5. i am also waiting for Aussie to correct to fib 23.8 R1 before i anticipate for another Long position on 1H, but looking at it on 4H, its close to the next Resistance zone at 0.7835 and if i open any position i might not able to make my 100pip without threat and being too close to my chart, so I'll let this pass, and wait for next movement.
Attached Image (click to enlarge)

6. Yen seem promising with the already completed correction of yesterday dip, i will be opening a sell-stop pending order below the price, preferably at the T1 108.20 which is -25pips to where the price is at right now. the only threat is that, the price is currently at the first correction phase of yen on 1D chart and it is doing the business on 50ema strongly. but i will wait it out as well, the 4H candle seem pretty strong and it already at the 68.2% fib zone and that's my break point for any trend.

Lastly, i'm watching both Aussie, Kiwi and EURJPY closely, for any possible movement that might be strong enough to initiate a trend.

i'm out, till evening -

At the end of today's trades, these shits happened -

I closed GBPUSD at 1.3950, leaving me with just 10pips, i closed early because, the price is moving towards the
50ema which is strong, but the price fell as low as 1.3935 but still at the 50ema, if it broke that level, probably during the Tokyo session ,then I'll be willing to open for more short position, for now I'm keeping cash in my portfolio.

My USDJPY position is running on profit +30pips at the moment, i'm planning on leaving that till Thursday and see if i can smoosh all the 100pips i anticipated, and if not, I'll be shifting my stop to break-even.

USDCHF never got triggered yet, the level is still at the 32.8% fib zone (R1), and i set it to 50% (R2) fib level. But if it doesn't, I might have it moved down a little bit, preferably to the 32.8% (R1).

That's that about today! - Signing off

This morning I woke up to check up on my open trade and my pending position. Yen had a massive run upward but since I've modify the trade to a break-even one, I'm not alert but still I didn't close it.

USD/CHF is still there and when London open, it got triggered and now running solo, which in s way is pretty cool.. I'm selling it though, and it's seem promising as for the moment I'm writing this.

I also opened a pending Buy-stop order on EUR/USD, Euro has been trending on the upper side of the market since Monday as I've presumeably written on my blog - Weekly Outlook on EUR/USD and GBP/USD https://followtradinganalysis.wordpr...d-and-gbp-usd/


All these positions are on 1:2 RRR. No pride no Emotion - Just Technical

I closed all my opened position 5 minutes ago.. And my entire portfolio is up 0.5%.

I closed today's position those that I opened yesterday morning.

EUR/USD - Up with 15pips.
USD/CHF - Up with 35pips.
USD-JPY - Up with 35pips.


In a way I thought today's Friday - knowing that later today there's a huge event coming up and I don't wanna get caught in the middle of that, I closed the position. That's not an excuse and that's not my only reason.

Others includes :
Yen has been throwing some doji at the current Weekly support zone which might be a huge correctinn to the downward waves the market has been experiencing, and it's also revealing a clumsy formation of DB pattern.

Euro also has been trending upward but it's at a resistance level and it might be a turn for a corrective wave to set in.


Swissy has been throwing some unresolved candlestick pattern too, which indicates a movement to the opposite side as well. Moreover, the price is also tending well on 4H but show that it's actually facing a huge threat at the 100ema on 1D chart.

That's my take for today - I'll wait till tomorrow to see what I'll be dealing with next week

Signing off - ✌

The way i see it now, it seem like the currencies i closed yesterday, all of them are already turning back to trending the way I've forecasted.

But it is still sure that the EUR news coming later today during the London session needs to be look out for.

So, I'm waiting. -

I couldn't open any position today, i was busy with other business stuffs, and I'm also going through an emotional breakdown, i broke up with my promising girlfriend, i actually don't think this relationship of a thing ain't really for me at all.

Well, i followed the chart even though i didn't open any position i did keep track of how the price moves today and now I've some insight on the currencies I'll be picking tomorrow and for the rest of the week.

EUR/USD - euro still stand to face the treat of Quasimodo resistance level at 1.2100, but if broken, it looks bullish and, it will be followed with a nice spike to the upward if the resistance is broken.


GBP/USD - Cable is still on it's consolidating charade and i don't want to have anything to do with it, not until it's settled and ready to trend.



USD/JPY - Yen is still very bearish on the $H and 1D, but on the 1H it just broken the Ma's level, which might be a concern on the short term, but for now, i'll be holding on for it to get settled on both chart. But my broad overlook on yen is still Bearish and the multiple Dojis pin-bars are also patterns to watch out for.



USD/CHF - Swissy has been ranging on the 0.9135 support level, the zone is pretty tight, but still it's a viable level that could initialize a spike, so i'll be opening a short position below the support level and hope the price fell, for it to move more on the downward side of the market.



Till tomorrow, i'll be signing off here -

It's a brown new day, and i already have my eyes on some anticipated trend i'm looking forward to.

USD/CHF - I opened a short pending order on Swissy, i foresaw that, its still on the verge of selling but it has the current support to break, an if that could get done, then it might be a huge run towards the downside of the market.

I Opened - at 0.9110 TP - at 0.9030 SL - at 0.9150

EUR/USD - Euro is still on my radar but it has the to break the 1.2110 Quasimodo resistance for it to have a bigger chance at the upside movement. I'm anticipating for more upward movement, hoping the JOE BIDEN fundamentals coming will help spice things up a bit. but all my hands are on the table nonetheless.

I Opened a pending order - at 1.2120 TP - at 1.2220 SL - at 1.2070

Signing Off for Now - I might be back if i see any other setup that fits my trading plan - which i doubt

My pending orders got triggered during the late NY session yesterday, and it has been pretty fun watching my forecast got triggered and moving in the way i did predicted.


Now i just wanna sit tight and watch how the market gonna react, i won't cancel the position i will allow it to run.

As the matter of fact, i won't cut any of my position short anymore, i will allow all of them to run and watch my strategy react to the market condition.

Let's go get it -

I closed both of my positions on EUR/USD & USD/CHF

I got out of EUR/USD before the ridiculous slump in price on Friday, euro still looks bullish to me and,


The USD/CHF got closed on the modified SL to lock some pips down, Swissy still looks bearish even after the spike.

My watchlists this week includes:

EUR/USD - Uptrend (Need Retracement)



USD/CHF - Downtrend (Need Reversal)



USD/JPY - Uptrend (Need Correction)



EUR/JPY - Uptrend (Need further movement)



EUR/NZD - Range (Needs Breakout)


I'm travelling to get some new stocks (goods) inside my store today, So, i'm Out -

Yup - I did travelled today and it was a pretty stressful one, it also rained today and I'm guessing tomorrow would be a hectic day as well.

Update on my physical business, I'm short on 18% as per capitalization, but it's as a result of my last month spending, I did spent toouch last week..

The plan is to keep track of my spending this month, and put every profits back into the business after feeding and transportation bills has been sorted out.

I'm looking forward to return at least 7% back this month the do so for the next 3 month (May -to-do July).

About my trading today, I did opened a Double-top Short Position on EUR/JPY it was a guy following trade and it gave me a booming 60pips by hitting my TP quietly.

Other watchlist are still there, I'm keeping tabs on all of then aside the EUR/NZD the spread is crazy, 15pips spread, it's too much so I'll be sticking to the major currencies alone.

EUR/USD - Started an impulse movement but correcting 45% of last week Friday dip.



USD/CHF - Lonnie lso tried to correct the last week Friday spike with 55%



USD/JPY - Yen shows a good corrective wave towards the upward trend, and entry confirmation is the next step for Yen tomorrow.



EUR/JPY - Euro/Yen was a good guess and nice follow through with the Double-Top pattern, but for now I'm at gonna wait it out.



That's it for tonight -i gotta sleep - G'Night ✌

I was extremely busy today, i didn't even sleep at home, slept at my sister's.

I couldn't open any position or trade any currency today. but i tried to follow the price movement, then i saw how i missed the long position on Yen, the pair is still at a trade-able point, but i won't rush it.

Euro is also trying to pinch a new bearish movement, i'm definitely keeping track of the pair.

I'm also changing my Ma from Exponential to Simple due to some eye opening articles i just read, I'll take my time to master & monitor the levels and effects of the indicator even tho, i'm very familiar with the way it works but, i'll still wait around to see it's effect on my demo account.

About the business, it's making sense and before the end of this week i should be able to get some new stock (Travelling Boxes).

That's that about today -

I opened 3 positions this morning - seeing the trend those pairs are in, the downtrend just started and I planned to be part of it.

I used 1:2 (30pips : 60pips) - I used micro lots cause I'm still building the strategy and I don't wanna burn my account down.


EUR/USD - Ended the uptrend last week and started a new phase of downtrend, I saw it early and I'm in this morning


NZD/USD - Kiwi is also starting a new phasenof downtrend and I'm there this morning as well.. Kiwi is know to be unstable and that's why I'll be close to it.


EUR/JPY - On Daily chart the pair shows a clear candlestick rejection on Monday and yesterday reveals the continuation of downtrend, and that's why I'm in this morning for a little point, because the price is walking towards the 100 period SMA.



That's that for this morning -

I closed my positions yesterday! Wednesday these are Whys.



1. NZD/USD got stopped at my SL there was a spike during the NY Open.



2. EUR/USD I closed it because the price was ranging on 200ema and that happend from London to the close of the NY session, and that spooked me up, because I knew 2 things could only happened after that.

a. A huge dip which will benefits me since I short the price, but why this is likely to happen was the fact that the price is at the Weekly Support zone and it's a pretty strong one.


b. Or a spike to the upward part of the market, and this is certain in a way because the price is at a strong Support zone and it's also have the 200ema to help back the movement. And it finally did ended up spiked up.



Lastly, the second part happened and it was a huge spike.. But I already left, before that happened.. I closed just 8pips

3. EUR/JPY I close it to help break-even because it's already on +20pips already and I already have -30pips loss on NZD/USD. And also whatever spikes Euro always imagined way effects the euroyen as well.


Till Next time - ✌

Due to the spike that happened yesterday, i opened some corrective trend position on these pairs.

All these pairs are on daily Double-Top ,
I'm using my normal 1:2 RRR.

GBP/USD -


EUR/USD -



EUR/JPY -


More details will be coming later - tonight i just wanna sleep -

i lose guard yesterday and i missed a perfectly placed position i opened on 11th (day before yesterday).

i was under a lot of duress, as a matter of fact, i have been under a lot od stress lately, it's been really crazy, to sut the story short and precise, i was having a network crises with my service provider and i closed all my position

EUR/USD - Closed with +40pips

GBP/USD - Closed with +12pips

EUR/JPY - Got canceled out with just -20pips.

I'm still making an approximate of +30pips but its nothing to compare with the heft dump in price that happened during the late NY session yesterday. It was a massive dip and i missed out, afterall my position was perfectly in placed, with a calculated TP and SL.

EUR/USD - Moved with the volume of over 100pips



GBP/USD - Moved with the volume of over 120pips



EUR/JPY - Got retraced back to the upward side of the market.



It's so annoying and disappointing at the same time, but i've learned my lesson the hard way and next time i'll more keen to keeping up to my trading plan, no compromise but strategic decisions.

I'll be signing out here today - till next week - Peace