Upwave's Live Trading Journal

Click here

First two trades on GBP/JPY 8/16/17 and AUD/USD 8/25/17 . Since they are in the past i will not post detail report of these.

The last 2 weeks were very quiet. No worth while setups, all had a too low win ratio for me, but for monday i am focused to long EUR/AUD.

EUR/AUD is near major support level and have 50 EMA support. The pair is oscillating, it's in a pullback of a run and have decreasing momentum. Daily candle closed as significant bullish hammer. It made a nice previous swing on which i identified a 1:1 win ratio for me.

I will post exact entry, SL and TP points of my entry order on sunday.

EUR/AUD long entry order for monday (check my post from yesterday).

Summary

entry: 1,49586
sl: 1,47908 (large sl required here because i place it below the falling resistance level which turned support)
tp: 1,51402 (based on previous swing)
expected 1:1 win ratio

EUR/AUD not triggered. But new short entry order on NZD/USD for thursday.

Summary

short
entry: 0,72197
sl: 0,72998
tp: 0,71593

Update:
******************
This trade went against me and my sl triggered on the same day. -80,3 Pips (-532,40 €)
Losses must happen, no problem. I also have to say that i believed in a re-test of the major resistance level but the pair wasn't at a critical level and that is usually my entry critera. In the future i'll remember this situation. I think in a psychological way this was a greedy mistake because i had no position for more than 2 weeks.

EUR/AUD long entry order for Wednesday. The pair is still struggling on 50 EMA support and is near critical major support level. My entry point is above the last swing high and my sl is placed below the falling support level. I struggled a bit because AUD/USD is a conflict pair for me but it's not at critical support yet so EUR/AUD got more of my attention. The pair is oscillating, it's in a pullback of a run and have decreasing momentum. Last 6 candles have bullish signs.

win ratio is above 1:1 based on previous swing high

Summary

long
entry: 1,49531
sl: 1,48032
tp: 1,51442

Update:
******************
EUR/AUD failed to trigger my entry order and also daily candle closed bad. No more order for now on this pair.

AUD/USD conflict pair respected major support level and has 20 EMA support.
Despite all this it's not a good entry opportunity yet. Bad daily candle formation with too much momentum and win ratio is below 1:1 with that.

Today AUD/USD is near major support level and has 20 EMA support. The pair is oscillating, it's in a pullback of a run and has decreasing momentum.
Weekly trend is up.

Summary

long
entry: 0,80217
sl: 0,79510
tp: 0,81213
expected win ratio above 1:1

D1


H4

Update:
******************
AUD/USD position triggered on friday. SL will be moved to 0,79809 on market opening.

H4

Sorry, i was inactive on this forum for a couple of days because i was in Amsterdam. This is what happened:

AUD/USD SL triggered on 18.09. (Loss)

At the moment i have a open short position on USD/CAD. I entered the market at 1,23143 on 21.09. and moved my SL to 1,23580 today.
The pair is near major support, has decreasing momentum, is oscillating and daily candle on 21.09 was a very signitificant shooting star.


Update:
******************
SL triggered. September is drawdown.

Today i set a long entry order on CAD/JPY for the following reasons:
The market respected the major support level two times in the history. The retail buyers tried to push the price up straight from the third touch of the support level but the sellers were still dominating the market and didn't allow the price to make a signitificant high. The sellers pushed the price below the support level and the last D1 candle from 16.10. closed inbetween the 20/50 EMA zone and has 50 EMA suppport. It's also closed as a a signitificant bullish hammer. The pullback has a retracement between 35 - 40 % at the moment and is bullish oscillating. If you inspect the pullback you'll recognize that the market momentum is slowing down. The strength of the pullback formation is, compared to others, weak but still signitificant. Most likely the big boys move it to the north now.

entry @ 89,843
sl @ 88,946
tp @ 91,384

CAD/JPY long entry order update:

entry @ 89,757
sl @ 89,154
tp @ 91,384.

This is current cad/jpy candle formation


Most likely EXACTLY this will happen now (picture from my trading history)

CAD/JPY long position triggered. It goes all the way up now.

CAD/JPY long entry order update:

sl moved to 89,498

CAD/JPY long entry order update:

sl moved to 89,977

CAD/JPY sl got triggered (+150.47€) (+1,66%)

I have to admit that i broke my own rule regarding my tp point which caused a loss of potential extra +600€.
I calculate my TP's based on previous pullbacks. Actually i should have set my tp point to 90.272 but i was confident that i can trade the whole previous whing here to 91.533. I am completly honest in this journal because i want to learn from all my mistakes. Because of this mistake i extended my checklist a lot.

Today NZD/CHF has entered the 50/20 EMA zone. The pair broke over the last days through the major support level which got respected 3 times before. The pair is now re-testing the support level and it will turn into a resistance level. The downtrend market is oscillating, pulling back and loosing momentum. The pair has a strong down movement strength and my profit target is higher than 1:1.
Most likely 1-2 more low momentum D1 candles will appear before it might go down.

I didn't set a order today because NFP's are getting announced but i will probably have a setup on this pair next week.

First of all sorry i forgot to post a update recently.
I had a very promising long entry position on NZD/CHF (06.11), but unfortunately they striked all sellers out (also me). However i will not trade this pair for now because it's not matching with my stratergy anymore.


Anyway today i have a nice long entry order setup on AUD/NZD.


entry @ 1,10760
sl @ 1,10057
tp @ 1,12842

AUD/NZD long entry order got triggered.

Sorry for the late update!

I had a very nice long entry order on USD/CAD which got triggered on 13.11.
entry @ 1,27010
sl @ 1,26730
limit @ 128143


My AUD/NZD sl got moved to 1,10324