Beginner's Life in the jungle

potential trade forming in ucad... first as we see the daily. notice the three arrow that force a down moved just above the 61.8 daily fib... if next week 1.012 level taken out next possible target is the neckline of the H/S formation on the daily.. once the neck line taken put on the 0.9725 lvl then expect accelerated down moved to the bottom. ac stoch indicator is suggesting next week scenarion for the 200 sma lvl to be broken if not i will liquidate my trade or being stopped out first
the thing that bothered this scenario is the ac stoch on the weekly that cross upward with a big angle... if in the next couple of day in the next week 200sma not taken out i will reverse my position

market open and a spike comes up again in U/J and G/U. U/J especially whats with that .. man...

entry remaining
U/J
u/j short from 99.13 s/l at 101 tp at 95.72
short at 100.04 s/l at 100.5

e/u
short at 1.5802 s/l at 1.5862 tp at 1.5532


g/u
short at 2.0069 s/l at 2.03
short at 1.9941 s/l at 2.0041

G/J
short at 199.57 s/l at 202.5
short at 199.85 s/l at 202.5

aud/jpy
short at 91.55 s/l at 93

eur/jpy
short at 156.81 s/l at 158.60short at 157.71 s/l at 158.50

usd/cad
short at 1.0166 s/l at 1.031

gbp/chf
short at 1.9913 s/l at 2.0350 very little size trade


Total for march 3797 Pips
Total pips and counting for April closed
-761

I just wanted to wish you the best of luck and plenty of pips for april and the months to come.

Thank Mina for your kind word.. i hope the same for you...

everything looks in order after the opening oh japan session

entry remaining

U/J
u/j short from 99.13 s/l at 101 tp at 95.72
short at 100.04 s/l at 100.5
average entry is 99.58

e/u
short at 1.5802 s/l at 1.5862 tp at 1.5532

g/u
short at 2.0069 s/l at 2.03
short at 1.9941 s/l at 2.0041
average entry 2.0005

G/J
short at 199.57 s/l at 202.5
short at 199.85 s/l at 202.5

aud/jpy
short at 91.55 s/l at 93

eur/jpy
short at 156.81 s/l at 158.60
short at 157.71 s/l at 158.50
average entry at 157.26

usd/cad
short at 1.0166 s/l at 1.031
short at 1.0221 s/l at 1.031 NEW ENTRY
average entry at 1.0193

gbp/chf
short at 1.9913 s/l at 2.0350 very little size trade


Total for march 3797 Pips
Total pips and counting for April closed
-761



why i keep adding my trade while it's still in red.. the answer is i'm trying to re-averaging my entry point... with that i can make my miss timing entry a little better as long the scenario is still intact... the risk greater but thats why my trade is started in small risk for the first place... the tricky part when averaging a trade is timing to cut your losses immediately once the boundaries of the scenario is broken...

nice setup forming on AUD/USD but remember tomorrow is interest rate day for AUD so keep in mind that it/s better to enter after the interest rate announcement

DOJI pattern followed by a nice bearish candle on the daily right on the 50% of fib.. bias short i nay enter the trade tomorrow after the interest rate announcement... if and only if you wanted to enter right now s/l should be above the doji candle at 0.9260 area and also keep track the interest rate

here is the chart

on the weekly view is also currently on the down trend so it is a high probability setup

THANK GOD INDEED..... I've been over my mind lately because of the E/U trade now is closed that's really a relief -60 that
The U/Cad trade is giving me another headache but i'll hang on to it for a while

After this round complete i will focus my trading on GBP pairs only.... no more over trading


Total for march 3797 Pips
Total pips and counting for April closed
-821

daily chart....
we have a double top. so if this day a bearish candle appear and make a lower low from previous day i keep my trade open for a probability to test the neckline of the double top formation at 1.0090 level

4H chart...
inside bar formation had a breakout to a downward moved as shown in chart in red arrow...

short is in play for a conclusion

for E/J development i'll try to sum what happen to E/u and U/J

latest signal from eu is happen on 4h chart when a shooting star formation is confirmed with a nice bearish candle.. short term biased is down.. shown on chart 1 in red arrow

U/J
with the tankan report show negative news for japan failed to moved U/J to higher level shown a selling pressure still massive and 100 level is proved to be hard to break and 4 attempt already been tried and failed shown on chart 2.. and so biased is still down >>>> i'm still holding my U/J trade

With E/u short term down and U/J down so i will hold my E/J trade abit longer

downward momentum still in played and candle exhaust still not visible... next target will be 1.9730 the low of 20/03 with a retracement level probably at 1.9880 (last support taken out) level and extreme level retracement 1.9914 level (61.8% fib level on the hourly shown in red fib.. black fib is the daily fib

U/J
u/j short from 99.13 s/l at 101 tp at 95.72
short at 100.04 s/l at 100.5
average entry is 99.58

g/u
short at 2.0069 s/l at 2.0059
short at 1.9941 s/l at 2.0031
average entry 2.0005

G/J
short at 199.57 s/l at 202.5
short at 199.85 s/l at 202.5

aud/jpy
short at 91.55 s/l at 93

eur/jpy
short at 156.81 s/l at 158.60
short at 157.71 s/l at 158.50
average entry at 157.26

usd/cad
short at 1.0166 s/l at 1.031
short at 1.0221 s/l at 1.031 short at 1.0276 s/l at 1.031 double size *2 average entry at 1.0234

gbp/chf
short at 1.9913 s/l at 1.99 very little size trade

aud/usd
short at 0.9142 s/l at 0.9260

Total for march 3797 Pips
Total pips and counting for April closed
-821

U/J
u/j short from 99.13 s/l at 101 tp at 95.72
short at 100.04 s/l at 100.5 closed for -46
short at 100.46 s/l at 100.70

g/u
short at 2.0069 s/l at 2.0059
short at 1.9941 s/l at 2.0031 closed at 1.9797 +144
sell stop at 1.9885 s/l at 1.9980

G/J
short at 199.57 s/l at 202.5 closed at 199.12 +45
short at 199.85 s/l at 202.5
sell at 199.16 s/l at 202.5
sell stop at 199.90 s/l at 202.5

aud/jpy
short at 91.55 s/l at 93

eur/jpy
short at 156.81 s/l at 158.60
short at 157.71 s/l at 158.50
average entry at 157.26 closed at 157.13 +26

usd/cad
short at 1.0166 s/l at 1.031
short at 1.0221 s/l at 1.031
short at 1.0276 s/l at 1.031 double size *2
average entry at 1.0234

gbp/chf
short at 1.9913 s/l at 1.99 very little size trade closed for +13

aud/usd
short at 0.9142 s/l at 0.9260


tough first week but determination is everything

Total for march 3797 Pips
Total pips and counting for April closed
-639

U/J CLOSED
u/j short from 99.13 s/l at 101 tp at 95.72 -187
short at 100.46 s/l at 100.70 -24

g/u
short at 2.0069 s/l at 2.0059
short at 1.9849 s/l at 1.9950
sell stop at 1.9885 s/l at 1.9980

G/J
short at 199.85 s/l at 202.5
sell at 199.16 s/l at 202.5
sell stop at 199.90 s/l at 202.5

aud/jpy
short at 91.55 s/l at 93


usd/cad CLOSED
short at 1.0166 s/l at 1.031 -154
short at 1.0221 s/l at 1.031 -89
short at 1.0276 s/l at 1.031 double size *2 -68
average entry at 1.0234


aud/usd
short at 0.9142 s/l at 0.9260


tough first week but determination is everything

Total for march 3797 Pips
Total pips and counting for April closed
-1161

g/u
short at 2.0069 s/l at 2.0059 closed for +230
short at 1.9849 s/l at 1.9950 closed for +10
sell stop at 1.9885 s/l at 1.9980

G/J closed
short at 199.85 s/l at 202.5
sell at 199.16 s/l at 202.5
sell stop at 199.90 s/l at 202.5 all closed total -859
buy at 202.35

aud/jpy closed
short at 91.55 s/l at 93 -145


aud/usd
short at 0.9142 s/l at 0.9260 closed +16


struggle in live is never ending

Total for march 3797 Pips
Total pips and counting for April closed
-1909

g/u
long at 1.9837 counter trend retracement for daily chart

U/J
long at 102 counter trend retracement for weekly chart

g/j
buy at 202.35 counter trend retracement for weekly chart

here we go again.......
almost break even my winning for last month...that's life

g/u
long at 1.9837 counter trend retracement for daily chart closed for +17
long at 1.9811 triggered and closed for +43
short entry triggered at 1.9885

U/J
long at 102 counter trend retracement for weekly chart
long triggered at 102.30

g/j
buy at 202.35 counter trend retracement for weekly chart

Total for march 3797 Pips
Total pips and counting for April closed
-1849

g/u
short triggered at 1.9859
short entry at 1.9885

U/J
long at 102 counter trend retracement for weekly chart closed for +77
long triggered at 102.30 closed for +47
short at 102.81 small one for scouting a possible continuation of down trend in the daily will ad if the moved been confirmed by candle formation

g/j
buy at 202.35 counter trend retracement for weekly chart closed for +104
sell at 203.42 small position due to different direction on G/U and U/J pair if u/j signaling a down moved then will add position

Total for march 3797 Pips
Total pips and counting for April closed
-1621

on g/j in earlier post i enter a position at 203.42 and this is how i rescue that position with averaging (courtesy of fti thread on technical analysis fallacy)

bottom arrow is the initial entry at 203.42... and second arrow is the second entry at 203.94 with double size the check mark is the exit on the blue line at 203.56..

average entry at 203.42+(203.94*2)/3=203.76
profit =203.76-203.56=20pips*3=60 pips

another scout deploy at 203.03


same thing on U/J
initial entry at 102.81
rescuer entry at 102.89*2
average entry at 102.81+(102.89*2)/3=102.86
closed at 102.58
profit = 102.86-102.58=28*3=84pips

in conclusion...... NEWS SAVED MY ASS

here is the chart

entry remaining

g/u
short triggered at 1.9859
short entry at 1.9885
new entry short g/u at 1.9830 (small size for scout)

Total for march 3797 Pips
Total pips and counting for April closed
-1477

entry remaining

g/u
short at 1.9859 3 unit
short at 1.9885 3 unit
short at 1.9830 1 unit

new entry
short at 1.9947 4 unit

average price 1.9895 to B/e

G/J
short at 203.03 1 unit

new entry
short at 204.54 4 unit

average price 204.23 for b/e


NOTE: 1 unit equal to initial entry risk

only G/U 3 hour of trading
Naked chart
EMA 48
2 line indicating first support on the h1 second is the ema 48 on the H1 chart

Scout deploy at first arrow at 1.9947 with 1 unit
second arrow is the first wave of snowballing with a rejection pattern of the ema @1.9960 with 2 unit

3rd arrow is another confirmation of bearish continuation entry @1.9951 with 3.5 unit

4 arrow is critical point because if the level is breach and secure then all position will be liquidated but then form another rejection pattern of the ema 48 entry again at 1.9960 with 3.5 unit

recap
Scout @1.9947 1 unit
[email protected] 2 unit
[email protected] 3.5 unit
[email protected] 3.5 unit

check mark is critical point of support wave 1-3 liquidated at 1.9932

Scout @1.9947 1 unit still open
[email protected] 2 unit closed for 28pips*2(amount of unit)=56
[email protected] 3.5 unit closed for 19pips*3.5(amount of unit)=66.5
[email protected] 3.5 unit closed for 28pips*3.5(amount of unit)=98

total profit for friday scalp trade 220.5 pips

entry remaining

g/u
short at 1.9859 3 unit daily trend trade
short at 1.9885 3 unit daily trend trade
short at 1.9830 1 unit daily trend trade
Scout @1.9947 1 unit scalp unit for monday

new entry
short at 1.9947 4 unit closed at 1.9920 for 27pips*4=108


G/J CLOSED
short at 203.03 1 unit

new entry
short at 204.54 4 unit

average price 204.23 for b/e closed at 203.22 for 101 pips*5(unit)=505 pips


Overall trend on G/U 4h chart has finished the retracement daily high probability will form bearish pinbar next week probably will test 1.97 level again.. but who knows ... on the weekly the down trend is just begun

no more G/J for the future i'd like to focus on G/U have a nice weekend

Total for march 3797 Pips
Total pips and counting for April closed
-643.5

entry remaining

g/u
short at 1.9859 3 unit daily trend trade
short at 1.9885 3 unit daily trend trade closed at 1.9880 profit 5*3=15 pips
short at 1.9830 1 unit daily trend trade
Scout @1.9947 1 unit scalp unit for monday
order at 1.9923 filled and closed at 1.9895 2 unit profit 28*2=56pips
daily trade will be closed once in profit... i don't intend to trade in daily anymore

scalp trade

1st entry at 1.9886 1 unit
bottom red line, tick red line is hourly based s/r line on the last hourly bearish bar
second entry at 1.9896 2 unit upper red line
both trade closed at blue line in 1.9875
today profit 11+39=49 pips
for 1 hour trade that's fine...
it's been ranging so keep the exposure minimal


total profit for today closed 49+71=120
entry remaining

g/u
short at 1.9859 3 unit daily trend trade
short at 1.9830 1 unit daily trend trade
Scout @1.9947 1 unit scalp unit for tuesday

Total for march 3797 Pips
Total pips and counting for April closed
-563.5