Kumar's journal - cable and GBP/JPY mostly

cable buy ended in profit.
then, had cable sell orders at 2.150, 2.0220 and 2.0250, as I expected cable to fall after usd rate announcement. have closed out in steps and got one order still running with sl at 2.0145.
same with gbp/jpy - sell orders were filled at 198.50 and 199.50 both were closed at 198.01 when a reversal bar occured in the 15 minute chart at 6.45 pm GMT.
equity is at a healthy 50%. this is inspite of one of the EAs dragging me down by 20%. I stopped using it. However, iam continuing to use another EA for GBP/JPY only which gave me another +50 pips for today.

just saw EUR/USD sell order has also been filled in at 1.5670. had two other sell orders at 1.5850 and 1.5892. both did not get filled - so cancelled them now. sl is at +6.
should reach 1.5569, good chance of reaching 1.5350. lets see.

did not have the guts to hold on to the cable short. closed at 2.0069. will wait till after mpc news.

if i had held on to the cable short - would have been better off with +200.
now bought cable at 1.9836 as usually cable retraces to 50% of day's move which takes us to 1.9980. tight stop.

I had changed my mind about the stop loss and left it open. also added more buys at 1.9780 and 1.9750. 1.9750 is around 50% retracement of the recent up move (1.9364 to 2.04).
as of now sitting on a small profit. not sure as to whether to take it and play it safe or keep it as today's daily bar is a pin bar.
may be i will keep all the trades open over the weekend.

Good thing I kept all my cable buys open.
closed some of them today for nice profit.
left 1/3 position open. ideally i see cable go upto 2.0140. however, will happily take profit at 1.9995.

In between sold usd/cad at 1.0247. I am looking for a drop to 0.9850. but there may be a good retracement. hence, closed it a 1.0138 for +101 pips. will sell again at around 1.0210.

started with 1000$ approximately 4 weeks back. now $1500. this is inspite of trying out an EA when I lost 300$. It was unfortunately mistimed as the market became very volatile as i started using the EA.

chickened out and closed my last position in cable buy at 2.0015 for +230 pips. the other positions were closed for +32 and +77 today. cable could reach 2.0145 ( 200SMA on the daily tf) but I am not strong enough to hold till then. will wait it out and see.
eur/usd sell order (half size) at 1.5622 and another half size at 1.5686.

as in post 126 I have sold usd/cad again at 1.0214. medium term targert around.9850 but will take profits in between and sell on rallies for the time being. floating profit +50pips.

gbp/jpy seems to be hitting a block at 200.60. not sure whether to sell here or wait for an upward break out.

If cable touches 2.0038 (today's R3), it could retrace to 1.9980 (23%) or even 1.9930 (38%). then, may buy again. see chart.

cable has retraced 23% of yesterday's move when it hit 2.0017. if it is going to be bullish anymore it will break 2.0067 straightaway or may retrace to 1.9990 as a false down signal and run up. waiting for a direction.

with no retracement, i bought at 2.0072 and got hit by trailing stop at +20.
caught the fall from 2.0060 to 2.0010. no more trades for today.
eur/usd is still in floating loss -50. will see for another hour or so and close it.

closed the eur/usd sell for loss of 70 pips.
did not have time to trade today.
however, had left a sell order in cable at 2.0145 (200 SMA on daily, as mentioned in the previous post). tp achieved at 100 pips.

Edit - I have cable sell orders at 2.0109 and 2.0144. may add another sell at 2.0005, in case it drops straight down without retrace - not sure yet.

cable sell orders obviously were not filled in. i did not put in a sell order at 2.0005 as i wanted to.
however, my EA working in GBP/JPY made +100 pips selling at 199.10. so no more trades today.

no time for trades in the morning. shorted eur/usd at 1.5840 (R1) and another small short at 1.5880 (R2) and closed at pivot 1.5797.
have opened a new short in usd/cad at 1.0283 (R2 daily) and bearish pattern in 1 hour TF. also divergence between price and RSI.

how exactly are you calculating your SR lines and pivot?

I wanted to leave the usd/cad short to run to 0.9850 but did not have the guts. closed it at 1.0050.
did not enter in to any trades the last few days of last week due to work.

Hi
Sorry, I was busy the last few days and did not do any trades or post here.
pivot and SR are based on previous day's open,high,low and close.
I use 1 hr charts, mainly looking for harmonic patterns, also candle patterns.
Then check the daily and weekly charts to gauge the strength or weakness of the move I anticipate.

I have a small sell order in cable at 1.9890

I added another short order at 1.9920 which got filled.
I have closed 1.9920 for +120. part profits in sell 1.9890 at 1.9800 and left the rest at +50 SL and TP of 1.9720.
20 Bollinger band lower limit is around 1.9700, chances of that being breached are low.

The EA in GBP/JPY gave +100pips today.