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Price Actions- EurUsd

  • #121
  • Aug 8, 2011 1:30pm Aug 8, 2011 1:30pm
Quoting abajiga
I have left the rest of the trades still running...I will not close them till I hit the target. So far so good...as attached! I will add on other trades as I spot them.
Target for audjpy is hit as in attachment.
Attached Image (click to enlarge)
Click to Enlarge Name: forex-daily.gif Size: 60 KB
Time Is Money
  • #122
  • Aug 8, 2011 3:19pm Aug 8, 2011 3:19pm
Quoting abajiga
Market starts to rally down.
As expected, the market reversed and headed south.

I have re-adjusted my TP and is now a bit further down @ 1.01017

This might hit TP anytime from now.
Attached Image (click to enlarge)
Click to Enlarge Name: forex-daily.gif Size: 57 KB
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  • #123
  • Aug 8, 2011 3:30pm Aug 8, 2011 3:30pm
Quoting abajiga
This is a sale trade requiring a confirmation before taking the trade.

Wait for price to break and at least one bar close below 64.623

SL 68.066

TP 62.730


I anticipated well for this trade. Based on the condition set earlier, bars closed below 1.01017 and I was happy to short. So far so good.
Attached Image (click to enlarge)
Click to Enlarge Name: forex-daily.gif Size: 45 KB
Time Is Money
  • #124
  • Aug 8, 2011 6:07pm Aug 8, 2011 6:07pm
Quoting abajiga
As expected, the market reversed and headed south.

I have re-adjusted my TP and is now a bit further down @ 1.01017

This might hit TP anytime from now.
As expected, the market hit TP as attached.
Attached Image (click to enlarge)
Click to Enlarge Name: forex-daily.gif Size: 68 KB
Time Is Money
  • #125
  • Aug 8, 2011 6:32pm Aug 8, 2011 6:32pm
Quoting abajiga
As expected, the market hit TP as attached.
This currency also hit target as attached.
Attached Image (click to enlarge)
Click to Enlarge Name: forex-daily.gif Size: 60 KB
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  • #126
  • Aug 8, 2011 6:39pm Aug 8, 2011 6:39pm
Quoting abajiga
Market starts to rally down.
I am now left with only two trades in the basket running as attached. All the rest of the trades hit target (TP).

Note: usdsek is based from Daily TF analysis, therefore this has long way to go.
Attached Image (click to enlarge)
Click to Enlarge Name: forex-daily.gif Size: 44 KB
Time Is Money
  • #127
  • Aug 9, 2011 4:30am Aug 9, 2011 4:30am
Quoting abajiga
This is a sale trade requiring a confirmation before taking the trade.

Wait for price to break and at least one bar close below 64.623

SL 68.066

TP 62.730


This trade met all conditions and also hit target as in attachment

Trader well.
Attached Image (click to enlarge)
Click to Enlarge Name: forex-daily.gif Size: 70 KB
Time Is Money
  • #128
  • Aug 9, 2011 5:09am Aug 9, 2011 5:09am
Possible long trade.

Wait for price to break above blue line and at least once bar to close above it.

SL = red line below

TP = green line above
Attached Image (click to enlarge)
Click to Enlarge Name: forex-daily.gif Size: 45 KB
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  • #129
  • Feb 5, 2012 7:05pm Feb 5, 2012 7:05pm
Based from Friday's price action levels, market consolidated shortly after the major sell but still expecting to hit lower, now TP @ 1.57510 (+46 pips)
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 44 KB
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  • #130
  • Feb 5, 2012 8:16pm Feb 5, 2012 8:16pm
Another pair good to sell. Note where prices might get bounced off and I will be watching around 1.3010 region (marked in pale turquiose) and solid resistance region (marked in brown). Tp @ 1.29660
Attached Image (click to enlarge)
Click to Enlarge Name: selleurusd.gif Size: 47 KB
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  • #131
  • Feb 6, 2012 4:20am Feb 6, 2012 4:20am
Quoting abajiga
Another pair good to sell. Note where prices might get bounced off and I will be watching around 1.3010 region (marked in pale turquiose) and solid resistance region (marked in brown). Tp @ 1.29660
Alright...with +52pips at London open, I closed my trade and will be looking to take another sale trade around US open.
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 61 KB
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  • #132
  • Feb 6, 2012 4:31am Feb 6, 2012 4:31am
Quoting abajiga
Based from Friday's price action levels, market consolidated shortly after the major sell but still expecting to hit lower, now TP @ 1.57510 (+46 pips)
with +31 pips, I closed this trade on London open. Again, I will still be looking to sell.

I am way beyond my daily target but if i see a good opportunity, I will excute the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 58 KB
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  • #133
  • Feb 6, 2012 5:05am Feb 6, 2012 5:05am
Quoting abajiga
Alright...with +52pips at London open, I closed my trade and will be looking to take another sale trade around US open.
No further sale on this pair, just went through the graph and it looks like the market is exhausted from the sale session. Yes, I have my confirmation. I will only be looking to buy next.
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 43 KB
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  • #134
  • Feb 6, 2012 5:30am Feb 6, 2012 5:30am
Quoting abajiga
No further sale on this pair, just went through the graph and it looks like the market is exhausted from the sale session. Yes, I have my confirmation. I will only be looking to buy next.
Now that I am done with the sale trade, my eyes are on a buy. I am anticipating on the price 1.30192

The market should not close below this price on the 1M chart. If it does, then I am not taking any buys instead I will allow the market to hit higher prices (which might be confused with a buy trade, only to find to rally down) and I will be looking to short instead. TP will be around the top box on the right. This gives around +75 pips to pick from 1.30192. I will take the trade around US open.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 35 KB
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  • #135
  • Feb 6, 2012 7:57am Feb 6, 2012 7:57am
Quoting abajiga
Now that I am done with the sale trade, my eyes are on a buy. I am anticipating on the price 1.30192

The market should not close below this price on the 1M chart. If it does, then I am not taking any buys instead I will allow the market to hit higher prices (which might be confused with a buy trade, only to find to rally down) and I will be looking to short instead. TP will be around the top box on the right. This gives around +75 pips to pick from 1.30192. I will take the trade around US open.
On US open, price maintains above 1.30192 and I made a buy at the lowest possible and TP @ 1.30760
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 46 KB
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  • #136
  • Edited 5:52pm Feb 6, 2012 9:15am | Edited 5:52pm
Quoting abajiga
On US open, price maintains above 1.30192 and I made a buy at the lowest possible and TP @ 1.30760
I took +19 pips and closed the trade manually. Note that you don't have to wait until your TP is hit. Always remember the graph is made of two factors, Price and Time!

For today, I close with +71 pips on EurUsd and +31 pips on GbpUsd.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 56 KB
Time Is Money
  • #137
  • Feb 6, 2012 9:33am Feb 6, 2012 9:33am
Quoting abajiga
I took +19 pips and closed the trade manually. Note that you don't have to wait until your TP is hit. Always remember the graph is made of two factors, Price and Time!

For today, I close with +71 pips on EurUsd and +31 pips on GbpUsd.
Eventually market decides to hit TP but that is less important as sometimes the market can consolidate and take longer to hit TP or you might end up losing your profit too.

Most traders often concentrate on building on profit and forget to keep their profits.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 58 KB
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  • #138
  • Feb 6, 2012 9:46am Feb 6, 2012 9:46am
When asked, what are you looking in learning forex, most new traders say..."I am looking for the best trading system". And when asked, do you know what the graph shows, almost none can tell the picture while it is infront of them.
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  • #139
  • Feb 6, 2012 11:40am Feb 6, 2012 11:40am
Quoting abajiga
Now that I am done with the sale trade, my eyes are on a buy. I am anticipating on the price 1.30192

The market should not close below this price on the 1M chart. If it does, then I am not taking any buys instead I will allow the market to hit higher prices (which might be confused with a buy trade, only to find to rally down) and I will be looking to short instead. TP will be around the top box on the right. This gives around +75 pips to pick from 1.30192. I will take the trade around US open.
Good call :-)

I wasn't trading this, but it was a good opportunity for the traders trading US session.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 39 KB
Time Is Money
  • #140
  • Feb 6, 2012 5:44pm Feb 6, 2012 5:44pm
Always remember, for a BUY Signal, buy from lowest point possible price level and take your profit at the highest possible price level and for a SALE Signal, sale at the highest possible price level and take your profit at the lowest possible price level.

For now, the current trend is up so we are looking for the best low possible price level entry and let the market run in your favour up so as to take maximum possible profit (at the highest possible price level).

Note, for you to do this, you must identify price levels for your entry and exit price level. I have marked the entry price level at the "brown" marked region (below) and exit at the "blue" marked region (top right)

For example, for this trade, I will wait for the price to drop and hit around the anticipated price level (1.30985), I will make a buy entry and aim higher (1.31475). This shoud roughly give us around +45 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 20 KB
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