PearsonFX Trades

Because this is very similar to USD/JPY I will explain a little and let you all look closer at it

G/J is very near the top of the rising channel for our soon to be break down to hit our target for the downtrend between 180-190 of course that is a ways off and many of you do not have the patience for that.

I see a break to the downside a continuation up before we will eventually break our rising channel to the downside

Zack

Active Orders:

GBP/JPY

SHORT 207.50 - T/P - 202.09(3 lots)
SHORT 205.00 - T/P - 201.27
SHORT 204.50 - T/P - 201.27
SHORT 204.10 - T/P - 201.27
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
PENDING ORDER BUY STOP 207.85 - T/P - OPEN - POSITION ADDED - FULL HEDGE

GBP/USD

EUR/USD

EUR/GBP

Results:
Trades Taken: 4
Winning Trades: 4
Losing Trades: 0
Total Profit in Pips: +36
Win Percentage: 100.00%

Active Orders:

GBP/JPY

SHORT 207.50 - T/P - 202.09(3 lots) - CLOSED at 207.05
SHORT 205.00 - T/P - 201.27
SHORT 204.50 - T/P - 201.27
SHORT 204.10 - T/P - 201.27
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - OPEN - FULL HEDGE
LONG 207.04 - T/P - OPEN - POSITION ADDED

GBP/USD

EUR/USD

EUR/GBP

Results:
Trades Taken: 4
Winning Trades: 4
Losing Trades: 0
Total Profit in Pips: +36
Win Percentage: 100.00%

Active Orders:

GBP/JPY

SHORT 205.00 - T/P - 201.27
SHORT 204.50 - T/P - 201.27
SHORT 204.10 - T/P - 201.27
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - OPEN - FULL HEDGE (9 lots)
LONG 207.04 - T/P - OPEN

USD/JPY

LONG 103.77 - T/P - OPEN - POSITION ADDED (2 Lots) - Making up for some pips last week.

EUR/USD

EUR/GBP

Results:
Trades Taken: 4
Winning Trades: 4
Losing Trades: 0
Total Profit in Pips: +36
Win Percentage: 100.00%

Does everyone see WHY I entered these last two trades?

If you do not...speak up and I will show everyone

Zack

Hi Zack
I have just gone long in us/jpy, initial target 104.50 area, Isee some cluster support around the 103.55 area, dailies still show long after the initial pullback from friday, just going on price action here
Tom

Active Orders:

GBP/JPY

SHORT 205.00 - T/P - 201.27
SHORT 204.50 - T/P - 201.27
SHORT 204.10 - T/P - 201.27
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - OPEN - FULL HEDGE (9 lots)
LONG 207.04 - T/P - OPEN
LONG 206.60 - T/P - OPEN - Didn't think we would get this entry...but cable just took a dive and gave it over

USD/JPY

LONG 103.77 - T/P - OPEN - (2 lots)

EUR/USD

EUR/GBP

Results:
Trades Taken: 4
Winning Trades: 4
Losing Trades: 0
Total Profit in Pips: +36
Win Percentage: 100.00%

Active Orders:

GBP/JPY

SHORT 205.00 - T/P - 201.27
SHORT 204.50 - T/P - 201.27
SHORT 204.10 - T/P - 201.27
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - 208.00 - FULL HEDGE (9 lots)
LONG 207.04 - T/P - 208.00
LONG 206.60 - T/P - 208.00
LONG at 205.70 -T/P 208.00 - LAST ONE Bank of England Scheme seems to be having a detrimental effect on GBP

USD/JPY

LONG 103.77 - T/P - OPEN - (2 lots)

EUR/USD

EUR/GBP

Results:
Trades Taken: 4
Winning Trades: 4
Losing Trades: 0
Total Profit in Pips: +36
Win Percentage: 100.00%

GBP/JPY

SHORT 204.60 -T/P 201.27 - 6 lots
SHORT 205.00 - T/P - 201.27
SHORT 204.50 - T/P - 201.27
SHORT 204.10 - T/P - 201.27
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - 208.00 - FULL HEDGE (9 lots)
LONG 207.04 - T/P - 208.00
LONG 206.60 - T/P - 208.00 LONG at 205.70 -T/P 208.00 USD/JPY

LONG 103.77 - T/P - OPEN - (2 lots)

EUR/USD

EUR/GBP

Results:
Trades Taken: 4
Winning Trades: 4
Losing Trades: 0
Total Profit in Pips: +36
Win Percentage: 100.00%

What a start to the week.....this is going to be a week....I am not hedging U/J because it is much less volatile
My initial analysis was correct....to close the shorts and go long...then GBP news did its damage....slow start
See you all later

Zack

GBP/JPY

SHORT 204.60 -T/P 201.27 - 6 lots CLOSED at 204.87
SHORT 205.00 - T/P - 201.27
SHORT 204.50 - T/P - 201.27
SHORT 204.10 - T/P - 201.27
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - 208.00 - FULL HEDGE (9 lots)
LONG 207.04 - T/P - 208.00
LONG 206.60 - T/P - 208.00 LONG at 205.70 -T/P 208.00

USD/JPY

LONG 103.77 - T/P - OPEN - (2 lots)

EUR/USD

EUR/GBP

Results:
Trades Taken: 4
Winning Trades: 4
Losing Trades: 0
Total Profit in Pips: +36
Win Percentage: 100.00%

Upon Further examination...I think that was the worst spot to enter the hedge, I see buys in play for the rest of the day.
Taking the loss, don't need to deal with the draw down later on

Zack

Thanks for your response. I understand that it might be difficult to explain. I kind of thought that would be the case. I don't think it would be fair for me to ask you to write a book. No problem. Any other suggestions you may have as far as a learning path would be helpful though.


Do you mean the more volatile pairs, like GBP/JPY?

Thanks again. Good luck this week.

GBP/JPY

SHORT 204.51 -T/P 203.95 - 6 lots Position Added
SHORT 205.00 - T/P - 201.27
SHORT 204.50 - T/P - 201.27
SHORT 204.10 - T/P - 201.27
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - 208.00 - FULL HEDGE (9 lots)
LONG 207.04 - T/P - 208.00
LONG 206.60 - T/P - 208.00
LONG at 205.70 -T/P 208.00

USD/JPY

LONG 103.77 - T/P - OPEN - (2 lots)

EUR/USD

EUR/GBP

Results:
Trades Taken: 4
Winning Trades: 4
Losing Trades: 0
Total Profit in Pips: +36
Win Percentage: 100.00%

Rudy,

I mean that if you are trading on a daily timeframe you cannot be trading higher percentages of your account. Scalpers generally trade a higher lot size, but they have closer stops, usually within a few pips. Traders who trade on the daily or weekly timeframes often have stops that are hundreds of pips away or they account for the potential drawdown. Of course it is possible to have your stop within a few pips on a daily timeframe....but if you are trading a daily timeframe you often want to be flexible with your drawdown because opportunities may not come every hour or 15 minutes like they do for a scalper...they would come maybe maybe once a day, or once a week or even longer...

Do you see what I am saying?

Zack

GBP/JPY

SHORT 204.51 -T/P 203.95 - 6 lots Set 15 pip Trailing Stop - Missed Take Profit by 2 pips with 9 pip spread
SHORT 205.00 - T/P - 201.27
SHORT 204.50 - T/P - 201.27
SHORT 204.10 - T/P - 201.27
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - 208.00 - FULL HEDGE (9 lots)
LONG 207.04 - T/P - 208.00
LONG 206.60 - T/P - 208.00
LONG at 205.70 -T/P 208.00

USD/JPY

LONG 103.77 - T/P - OPEN - (2 lots)

EUR/USD

EUR/GBP

Results:
Trades Taken: 4
Winning Trades: 4
Losing Trades: 0
Total Profit in Pips: +36
Win Percentage: 100.00%

I am removing the Take Profit of 203.95....With the Trailing stop if it falls farther why not get the most we can?

Zack

SHORT 204.51 - 6 lots Set 15 pip Trailing Stop - Missed Take Profit by 2 pips with 9 pip spread
SHORT 205.00 - T/P - 201.27 15 pip Trailing Stop
SHORT 204.50 - T/P - 201.27 15 Pip Trailing Stop
SHORT 204.10 - T/P - 201.27 15 Pip Trailing Stop
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - 208.00 - FULL HEDGE (9 lots)
LONG 207.04 - T/P - 208.00
LONG 206.60 - T/P - 208.00
LONG at 205.70 -T/P 208.00

GBP/JPY

SHORT 204.51 - 6 lots Set 15 pip Trailing Stop CLOSED AT 203.78 Trailing Stop Value +438 Pips (+73 pips x 6 lots)
SHORT 205.00 - T/P - 201.27 15 pip Trailing Stop CLOSED AT 203.78 Trailing Stop Value +122 Pips
SHORT 204.50 - T/P - 201.27 15 Pip Trailing Stop CLOSED AT 203.78 Trailing Stop Value +72 Pips
SHORT 204.10 - T/P - 201.27 15 Pip Trailing Stop CLOSED AT 203.78 Trailing Stop Value +32 Pips
SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - 208.00 - FULL HEDGE (9 lots)
LONG 207.04 - T/P - 208.00
LONG 206.60 - T/P - 208.00
LONG at 205.70 -T/P 208.00

USD/JPY

LONG 103.77 - T/P - OPEN - (2 lots)

EUR/USD

EUR/GBP

Results:
Trades Taken: 9
Winning Trades: 8
Losing Trades: 1
Total Profit in Pips: +538
Win Percentage: 88.88%

GBP/JPY

SHORT 202.75 - T/P - 201.27
SHORT 202.35 - T/P - 201.27
SHORT 201.85 - T/P - 201.27
LONG 207.85 - T/P - 208.00 - FULL HEDGE (9 lots)
LONG 207.04 - T/P - 208.00
LONG 206.60 - T/P - 208.00
LONG at 205.70 -T/P 208.00
LONG at 203.70 - T/P 208.00
PENDING ORDER BUY LIMIT 202.90 - T/P 208.00 - THIS ORDER IS JUST A PRECAUTION ON THE HOURLY CHART THIS IS A POTENTIAL TARGET IT WOULD BE THE LAST ONE BEFORE A MOVE UP

USD/JPY

LONG 103.77 - T/P - OPEN - (2 lots)

EUR/USD

SHORT 1.5920 - T/P - 1.5800 - POSITION ADDED
EUR/GBP

Results:
Trades Taken: 9
Winning Trades: 8
Losing Trades: 1
Total Profit in Pips: +538
Win Percentage: 88.88%

Just to let you guys know....on the 5 minute G/J chart we have formed an ascending wedge after a downwards rally.

This is typically a move that brings further down movement which is why it is also known as a bearish continuation pattern. The trendline ascension for it lies at 204.00. I am not calling a trade but I am issuing a warning of caution that if it reaches 203.85 it may have the potential to reach our hourly target at 202.77, with spread and making a safe trade I would put it at 203.00

Thats 85 pips of additional gain. I have longs all the way tonight.
I have been told the US Stock Market did well today...I have no idea I haven't looked nor do I plan on it. But this will put buying pressure on G/J throughout london and more strength to it before US session

Hope that helps you all

Zack

Okay everyone, we should be free and clear of the potential ascending wedge.

Upwards movement should persist throughout the London session with an extra surge about 3-4 hours into London's trading.

Zack