Argh I missed this trade by a fraction of a second. I turned my head to check the other screen and it had already zipped 6 pips lower and I didn't want to chase my entry.
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Whilst I didn't catch the above trade I did snag this one on EURAUD. Price putting in a series of bearish candles right at the cam level and with the UK open just around the corner it looked a good setup for +15.
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More at https://flipfloptrader.com
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It's been quite the few weeks since I last posted. A stay of 9 days in hospital due to a ruptured appendix and an infection and I've been on bed rest since getting home. Slowly getting back into it.
A bit of a frustrating first trade of the night on GBPAUD. Price made a nice pinbar right on the start of the London open and took my entry after the close of that candle at 1.7061. Price worked its way to +16 and then kept making lower highs which began to put me off and as price couldn't break the descending trendline I decided to pull the trade at -2 and wait until post news.
A bit of a frustrating first trade of the night on GBPAUD. Price made a nice pinbar right on the start of the London open and took my entry after the close of that candle at 1.7061. Price worked its way to +16 and then kept making lower highs which began to put me off and as price couldn't break the descending trendline I decided to pull the trade at -2 and wait until post news.
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Quite a tight start to the week for the first few hours and I had to remain patient and wait for the right spot to get involved. GBPAUD had been setting a series of lower highs and noticed 1.6745 was forming quite a good level in terms of resistance. The AO had risen whilst price had not to form hidden divergence and I took my entry and held for +35 which is my best result for a single trade for a while. The reason being that if 1.6730 could break I saw no reason why at least 1.6705 couldn't be hit.
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A very rare morning trade for me but it looked a fantastic opportunity given the very volatile Asian session thus far. Firstly the news broke regarding the Health care bill failing to get through and then the RBA minutes were released which strengthened the Aussie dollar. GBPAUD approached the 1.6700 handle and once the pinbar formed I took my entry and took a quick +10.
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The last trade of the night and a nice way to wrap up a good day. GBPAUD darted lower on the US open and I had a good feeling price would at least see some retrace. I entered at 1.6396 and took +12.
Looking forward to seeing where price/s end up when I check in the morning.
Looking forward to seeing where price/s end up when I check in the morning.
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The movie was excellent, I am truly fortunate to live in the times we do.
Final trade of the night was on EURUSD and a nice case of just respecting the range and trading exactly what is infront of me and not trying to be fancy. 1.1535 had been holding for several hours and I felt it was worth seeing if it would again especially as hidden divergence had formed. A nice +10.5 to end the night. I have a video with some logic behind the trade and some explanation behind a GBPAUD setup. Should be up in the morning.
Final trade of the night was on EURUSD and a nice case of just respecting the range and trading exactly what is infront of me and not trying to be fancy. 1.1535 had been holding for several hours and I felt it was worth seeing if it would again especially as hidden divergence had formed. A nice +10.5 to end the night. I have a video with some logic behind the trade and some explanation behind a GBPAUD setup. Should be up in the morning.
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EURAUD had dropped lower after an initial push higher and reached a floor at 1.4685 area. After a double bottom formed I took an entry and held for +20, a nice exit as price has reversed extremely quickly.
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Last trade of the night and it took a while to come good and came agonisingly close before reversing pre US open and then finally pushed lower for a good +21. Price had formed a double top and the AO was lower and 1.6410 was looking like decent resistance on the time based chart.
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The level at 1.4716 had formed earlier during the Asian session and I was looking for a break. Price duly closed beneath and whilst it went 5 pips offside, the important part was it stayed beneath the Kijun Sen (blue line) and then went lower. Only +10 but a nice solid trade.
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Last trade of the night and a pleasing one. There was a potential setup at 1.3044 but decided to wait to see if the daily highs would be broken. Once price reversed at 1.3060 I was keeping a close eye on it and then once the pinbar came it formed a solid setup. +10 and used the cam level at 1.3046 as my guide.
FOMC in several hours, it'll be interesting to see what develops during the night (my time).
FOMC in several hours, it'll be interesting to see what develops during the night (my time).
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GBPUSD was bucking the trend with trying to reach daily highs whilst most other USD pairs were still coming off their highs. Price didn't quite complete a double top but felt it was worth entering at 1.3149 given what EURUSD was doing and other pairs. Closed for +15.
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EURAUD came right back to the 1.4600 handle after the above trade and I thought the same theory still applies and decided i'd enter if I could get a better entry. I managed a better entry but was slightly too eager as price went a further 12 pips before reversing nicely. I wasn't greedy on the exit and settled for +11.
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