Support, Resistance etc

I removed the demo explorer from this page and I am no longer trading the demo account. Instead I linked my live account here set to display trades from January 01 this year. This account is -90% in loss as we speak. That deep loss is not entirely from my trades but still it is my fault. Anyway I hope I will get that money back.

NZDCHF

Nice bullish bar in a pretty spot. I stretched a bit the TP and it paid. Profit +61 pips.

USDCHF

I don't know what is wrong with my trading lately. It seems that every time I even try to catch a breakout it end's in failure. Loss -101 pips.

EURUSD

This is a trade from last week. I didn't enter with a buy stop order but I used a market order instead. It moved a bit in my direction but it didn't even reach where my buy stop would be. Failed within the day. Loss -169 pips.

EURNZD

Choppy chart indeed but the price was trading below the two EMA's which were properly aligned and looking down. There was a big bearish bar which had started above two levels of resistance and traded all the way down under the last support. It was by no means a pretty bearish bar because it closed back above support but I placed a stop order right below it. This way if price had broken below it it would mean that it was serious about it's downwards path. Unfortunately the friday bar was a bullish bar that evaporated all the profits and I got scared from all the beating I had gotten from my lat trades. So I moved my stop to break even which got taken out. Profit +6 pips. Now it continues falling and I am in the sidelines watching.

AUDCAD

An indecision bar. Not a A setup. The EMA's were properly aligned even though the 50 was pointing down. My thinking again was that if the price would break the highs of that indecision bar, which also would mean breaking previous resistance, then there was a good chance it would visit again the area near the previous highs. It didn't happen and the trade didn't trigger. Instead price proceeded to take what would be my stop. I canceled the trade.

Back again with a new demo account and hopefuly a bit more mature. I was absent from trading for almost a year and it took me a while to get back in sync. That shows in this new account. I hope I will not repeat the mistakes from my last demo account.

EURAUD

As usual tried to take advantage of the breakout, didn't work. Closed as soon the bar closed above the break out point to constrain looses. Fun fact I did a psychological mistake. There was a pinbar at 15/05/2014 that closed above the break point. I should have closed there. I didn't. Bad trade. Loss -102 pips.

AUDCHF

This trade just failed. Unfortunately. Didn't have a small close behind the break point. Instead it just ran to stop loss. Stop is trailed so not full loss but still I am -98 pips loss

EURUSD

This one is interesting. I saw that pinbar right at the resistance but didn't take it. That day the EUR was weak in most (if not all) of the pairs and I was already long in USDCAD wich didn't feel as weak. I didn't enter any order in that day. The price went few pips above the pinbar and quickly retraced. Today I placed a pending buy thinking that if it comes back in there it will mean busines. It didn't. Instead todays bar invalidated the pinbar so the trade is canceled.

USDCAD

I wanted to take advantage of the failed breakout. These two bars combined in a pinbar in a good resistance point. That's not good enough. The trend seems bearish. Anyway I got out as it touched the resistance for the second time and failed to break it. Loss -29 pips

Attached Image (click to enlarge)

Attached Image (click to enlarge)

EURCHF

This trade wasn't the brightest idea. The sequence of higher lows, the moving averages creeping little by little upwards, the negative swap and the fact tha CHF is weaker than euro doesn't make it a wise decision. I got out as soon as I got the chance. Profit +1.5 pip.

Attached Image (click to enlarge)

Attached Image (click to enlarge)

EURCHF

Sold after the failed breakout and the strong close below the break point. I got scared beacause I realised thet price has done recently higher lows and the moving averages started pointing upwards. Add to this the negative swap for short. Profit +1.5 pip.

EURUSD

I placed a buy stop above that pinvar thinking that price has visited that spot two times already. I if it was going to visit a third time it would probably break above. It didn't happen and the trade didn't trigger.

AUDCAD

Entered short on the breach of lower channel. Price didn't do what it should do so I got out. Profit +10pips.

Attached Image (click to enlarge)

Attached Image (click to enlarge)

CHFJPY

Everyone who is short on this pair should be grateful to me. I went short to take advantage of the breach but price made a pinbar and started printing small green candles as it was going to explode upwards. I got out at the highest point of the retracement (yes I have real talent for this). Now it continues downwards. Profit +18pips.