EURJPY Trade Long - PA failed to hold above 113.35 Result : Closed the trade for 23.6 Pips Loss
Observed Possible Short Setup on EURJPY and GBPJPY and traded as per the Plan explained on the Charts attached, before PA reaching these levels.
Reason to take this trade :
EURJPY
1: PA confirming that it holds 113.55 as resistence.
2: PA after claiming 113.55 as resistance, broke below 113.35 also breaking the short term trendline thereby inviting us to look into further Short Possibilities. Good chance to add to your positions at these instances as shown on the attached chart.
GBPJPY
136.55 was worked out level - Thats it.
Done for the week.
Cheers and Happy Week-end. Yusuf SHAIKH
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Skype: NoWorriesTraders
Took this one on Moday but closed today.
Had to close it because the PA did not give me enough confidence to hold it any longer. Monday had been absolutely FLAT for me. This is the only trade that I took to get me +12.9, something is better than nothing.
Will be watching CADCHF, GBPCHF for good setups.
Cheers, Yusuf SHAIKH
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Skype: NoWorriesTraders
NOTE: Currently I am facing some issues ONCE AGAIN with my PC and Skype. As soon as I try to start Skype, my PC turns OFF within 5 minutes after very loud noise. I am saying ONCE AGAIN, because it happened with me before also and one of my friends helped me to resolve the issue. Understandeably, I am not using Skype until further rectification.
I shorted GBPCHF that did not do well and I have to close it at BE.
Didn't like it, but that's a part of this game.
Cheers, Yusuf SHAIKH
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Its Time to Change the Ratio
Skype: NoWorriesTraders
Hi...
It had been a bit annoying week for me as my PC just started giving me trouble. Still not able to chat on Skype. Since my last trade on Short GBPCHF, I took 3 more trades. Details as per attached charts.
NOTE: Also developing Scalping Strategy to trade for 20+ points under conditions where we do not get PA confirming to what we wanted to see but still has potential enough to give profitable trades (Under Test). In NWT, trades like these will be monitored as "SC".
Cheers, Yusuf SHAIKH
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Skype: NoWorriesTraders
I was out so far. This trade was taken by my wife, not bad to start the week, though I would have loved to see +40 Pips but she closed it at our level. Screenshot attached, I am not sure why it is not marking the entry and exit on the correct candles. Anyways, back now and will be looking for some more setups.
Cheers, Yusuf SHAIKH
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Skype: NoWorriesTraders
Not able to get any big moves and hence trying to cope up with smaller TP targets. Market seems to be in a phase of directional decision making. Trade well.
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Skype: NoWorriesTraders
Alright - This time it broke and broke very badly.
I was not happy with this trade mainly due to the fact that I did not add one more position at the retest of TL and preferrred to exit at closer to BE. Now watching this TL play and see if any further trades could be extracted out of this.
Last session missed my Long entry on EURAUD @ 1.4171 as market rebounced back from 1.4182 for almost 100+ Pips. It happens sometimes as I believe there are many more still to come.
Watching AUDJPY for Short Opportunities.
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Skype: NoWorriesTraders
and I just became too aggressive to take this Long Trade on AUDJPY anticipating Breakout - that did not happen - Good for me to learn from my own mistakes, also good click to exit immediately once I realized that I was trading the wrong direction.
Took this Short though to cover and also make me Green for day end. Still hunting for 1 more trade if possible to fill my target for the day, else off for the day.
Note: Skype still not functional for my PC. (As such I do not have reasonable followers so that does not make much of a difference, though I realized that posting my trades on FF has increased my ability to trade well, I am not sure HOW ??? Maybe I became more disciplined.)
Cheers, Yusuf SHAIKH
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Skype: NoWorriesTraders
Alright - So here is my 2nd trade for today
Always like such trades where I have to bear minimum possible 'heat'.
Closed at conservative +25 Pips due to nature of the formation and the time at which this trade was taken.
Cheers Yusuf SHAIKH
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Skype: NoWorriesTraders
Took 2 weekend trades.
Lost confidence on Long EU, so closed it at the break of LL in loss.
However held AUDNZD Short for the weekend and closed it Green at this week Open.
Cheers, Yusuf SHAIKH
Attached Image(s) (click to enlarge)
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Skype: NoWorriesTraders
Will be watching AUDJPY for Long Opportunities between 72.50 to 73.35.
Will be Alert the moment price crosses below 73.57, sometimes the PA did not breach the level completely we are looking at, so I personally prefer to see it between 73.35 to 72.50 for my action, however I will be active once it starts trading below 73.57.
Cheers, Yusuf SHAIKH
Its Time to Change the Ratio
Skype: NoWorriesTraders
Nice rebounce on AUDJPY from 73.57, just liked it for easy and quick +70 Pips. Guess what ???
I was not IN .
Come on, you've got to be true to yourself atleast. The level worked fine, fair enough, but the bottomline is, I did not trade it or was not so fast to act on it. It happens sometimes.
Cheers, Yusuf SHAIKH
Its Time to Change the Ratio
Skype: NoWorriesTraders