SSRT

Welcome to my

Candles&Pivots - swing trading journal

HOW DO I TRADE?

I am a swing trader, as of september 2012 I am only interested in mid/long term trading which mean holding position for weeks, I believe this is the "safest" way to trade FX and in the long run affects results in positive way.
Three main elements I use in my trading:

1. Candles
2. Weekly & monthly pivot points
3. Fundamental situation/COT report

I also have 200SMA on my charts and CCI to find those nice divergences.

Time frame:
Daily, Weekly and Monthly charts.

PAIRS:

Majors


Regards

Tom

I didn't post it on friday but I took small short sale position before NY close.
Sound silly and stupid as I don't leave open trades for the weekend but situation at the time was pretty obvious for me - lets start it from the top.

Weekly:
Looking at PA it is very hard to say anything about ED atm, a very neutral chart. Last week was generally bullish with 2620 level rejected for the second time - which got its reflection in long upper shadow.

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Daily:
I was hoping for beautiful evening star pattern but again friday action showed a lot of confusion and lack of clear direction in the market
CCI suggesting more pressure from sellers

http://s16.postimage.org/pw2hb10gl/eurod1.gif
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H4/H1:
We have H&S in the making. Even if I am short atm I wish to see a bounce up to 1,2628/40 area for a perfect entry - ideally backed up by some nice candle formation.
For now seems like a consolidation is in fav with 1,2620 resistance and 1,2444 as a temp support above much bigger and more important 1,2300

http://s18.postimage.org/qjsg43zdl/euroh1.gif

http://s16.postimage.org/iownksh3p/euroh4.gif
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I am neutral atm but in fav of a bull traps and more selling from 1,2620 downward.

So my friday entry end up about 120 pips underwater.....Never ever forever whatever leave your position open for the weekend if you daytrade.
PERIOD
Lesson learned somebody should slap me for my stupidity.
I am taking some losses back atm with my entry.
EUR/USD
Entry 1,2640
SL 1,2655 moved to BE+1
TP 1,2520
My daily target is about 60 pips so I will secure my position @2580 if possible.

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Short sell from above closed now for 27 pips

Time to buy this baby
Entry
2613
TP
2750 - weekly R1
SL
2595

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I quickly decided to close that buy for -2pips as M15 movement wasn't strong enough for me to believe we can go higher.
Monday is always "weird" day to trade but I decided to open third and my final trade for today.
All I need is 40 pips from this move for today to reduce my loss 50%
Entry
12610
SL
12625 moved to BE +1
TP
Daily pivot point
12505
http://s17.postimage.org/opknjbawv/euro.gif
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More $ for me this week, tight SL's between 10/20 pips
http://s14.postimage.org/wpru198pd/aussie.gif

http://s14.postimage.org/yvm4vrc5t/euro.gif

http://s14.postimage.org/9e3qc5ufl/kiwi.gif

http://s14.postimage.org/bjy16nxw1/looney.gif


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I was initially stoped out on USD/CAD Aussie and Kiwi I reloaded last two and stayed away from Looney even if it is going in my direction

I managed to get about 240 pips so far

http://s14.postimage.org/sy05n8kox/aussie.gif

http://s14.postimage.org/tq2tmfow1/cabel.gif

http://s14.postimage.org/98mgoj269/image.gif

http://s14.postimage.org/fc418fsg1/euro.gif

http://s14.postimage.org/5g2y8smo1/kiwi.gif


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Shortly before I went to see UK vs UA game which was one of the best of euro 2012 imo I placed two short sells on E/D 20 pips in the bag and NZD/USD which I was waiting for the last two days and finally found my top to ride this swing down.
I choose 7700 as a round number but I would really expecting 7725 as it is a monthly pivot point anyway this is a really good rr trade
Selling euro as well

http://s7.postimage.org/w6evz6ryz/euro.gif

http://s7.postimage.org/ie0h3k17f/kiwi.gif


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I wasn't particularly happy with Euro move last night as it ended as BE + few, same happened with Nzd which is still trying to find her top
I reloaded her again with a bigger SL and selling Euro atm. I moved SL at BE so I will leave it like that for Ben to decide what to do.

http://s16.postimage.org/5ixclvmwl/euro.gif
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I am selling cabel & gold long term trades, I will be holding both as long as it takes to hit TP or SL

GBP/USD
price 1,5720
SL 1,5740
TP 1,5350
http://s15.postimage.org/5w6nrh9zv/cabel.gif
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Gold
price 1599,50
SL 1602,50
TP 1550,00
http://s18.postimage.org/4k1ewch0p/gold.gif
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I hope oil will drop bellow 80 this could push market in my way

Geppy stoped out
next area to sell would be at 126,460 & 127,500

I just wanted to post this somewhere for myself to see if this is something worth to look at in the future

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Lets see where this will get me

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Kiwi playing hard to get, so after SL I reloaded, selling cable as well

http://s10.postimage.org/u9a0yomrt/cabel.gif

http://s10.postimage.org/5u1sxmnux/kiwi.gif


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I am selling from 1,5690 SL 1,5705 TP 1,5550
I will pay special attention to that 200SMA and general price behaviour around those pivots

http://s15.postimage.org/7qpo1a6or/cabel.gif
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I closed cabel for few good pips as it started to go up again and have a new sell point which is under 1,5717 pivot point

Sold
15695
SL - not atm as market is dead anyway so I will observe price behaviour and will place it before end of my trading today.
TP - 550 again

http://s17.postimage.org/3scaytxgf/cabel.gif
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Cabel gave me a hard time during last session, still holding I see more potential for bears this week

Selling euro with good rr
Impossible? will see, stops in place

http://s18.postimage.org/yocsbiok9/euro.gif
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