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Attachments: S/D Zones, risk ratio = 3
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S/D Zones, risk ratio = 3

  • #81
  • Jul 13, 2012 4:40am Jul 13, 2012 4:40am
looking for a trade in eu ,my idea to buy or sell this pair in us sessions.not for now
  • #82
  • Jul 13, 2012 7:08am Jul 13, 2012 7:08am
Quoting landre
Nice one on gu..sell now ?

Sell NZDUSD
@0.7930 : previous demand zone the orange area on the charts above.
SL 0.7945 : just above the spike before the move down
TP 0.79 : low of the london session and supply zone of the asian session..it depends on the rejection of the 0.793 if it's strong we may see the 0.786x
SL moved to BE
Currently testing the spike during the asian session and the open of the first bullish candle of this morning.
  • #83
  • Jul 13, 2012 8:00am Jul 13, 2012 8:00am
Quoting vasude
looking for a trade in eu ,my idea to buy or sell this pair in us sessions.not for now
So did you sell or are you going tu buy this new low ? (I would not just before NY...)
  • #84
  • Jul 13, 2012 9:06am Jul 13, 2012 9:06am
hi

eu expected to fell in 1 hour of the session,then in 15 minutes a reversal is formed .so buy eu and tight stoploss
sorry for late reply.


p.s.., this trade informed by my friend.its not my trade...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 15 KB
  • #85
  • Edited 6:55am Jul 14, 2012 6:30am | Edited 6:55am
Last Week (02/07/12-06/07/12) : - 45 pips (5 losers (2 BE) - 1 winner).

Trades of the week (09/07/12-13/07/12) :

USDCAD
Sell @1.0205
TP 1.016
SL 1.0223 then moved to BE : 0 pip
Comments : the pair made a low at 1.0165 not far from my TP...

EURUSD
Buy @1.2281
SL 1.2268 then moved to BE : 0 pip
TP 1.2350
Comments : I did not set well my TP, the major trend was down soI was too greedy with my 1.235, I did not spot well the first potential supply zone (1.233).

EURUSD
Sell @1.2280
TP 1.2230
SL 1.2295 then moved to BE : 0 pip
Comments : the same here too greedy, EURUSD reached the 1.2245 and then my SL (BE) was hitted.

EURUSD
Buy @1.226
SL 1.2245 : -15 pips
TP 1.233
Comments : well it was a nice try but NY decided to take me out

AUDUSD
Buy @1.0238
SL 1.0219 : -19 pips
TP 1.0283
Comments : I should not have taken this trade just before unemployment news in Australia.

NZDUSD
Sell @0.7890
SL @0.7909 moved to BE : 0 pip
TP @0.7850
Comments : well my entry was not really good, I should have used the small retracement to 0.7905 and I was too greedy again..

NZDUSD
Sell @0.7930
SL @0.7945 moved to BE : 0 pip
TP @0.79
Comments : counter trend 0.7912 stopped this move down..Tp too greedy for a counter trend..

This week : - 34 pips (7 losers (5 BE) - 0 winner).

No winner this week, I need to take my profit. I give up too many pips.
  • #86
  • Jul 14, 2012 9:17am Jul 14, 2012 9:17am
For the next week, I am gonna to focus on two pairs : EUR/JPY, NZD/USD, I will draw charts before each LO open without moving any S/D zones drawn.
It will allow me to compare what happens during the day and if the price reacts to my zones.
To improve my trading, I really need to be more precise on spotting Supply/Demand.


There are a lot of Supply/Demand on my chart, some with the red dotted boxes are the ones that I consider as the most important ones.

EURJPY and NZDUSD are both on an up trend (mainly NZDUSD) on the 1h chart at least from a short term point of view.
On the NZDUSD I will wait for some retracements to buy it.
On the EURJPY the 97.0x looks strong and needs to be broken.

The number are not accurate I mean I did not spot S/D to the pip, the zones are more like 3-10 pips zones.

See you for London session on monday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 1h 2012.07.15.png Size: 73 KB
Click to Enlarge Name: nzdusd 1h 2012.07.15.png Size: 81 KB
  • #87
  • Jul 16, 2012 1:32am Jul 16, 2012 1:32am
Hello,

Same charts as yesterday after the Asian Session.

The two pair opened on the increase and then retrace.
The Supply/Demand levels look nice..
Let's play it today..

PS : when I was writing EURJPY "broke" 96.8x, it looks like I am missing something around the 96.6x.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd 1h 2012.07.16.png Size: 82 KB
Click to Enlarge Name: eurjpy 1h 2012.07.16.png Size: 72 KB
  • #88
  • Jul 16, 2012 2:20am Jul 16, 2012 2:20am
NZDUSD

Buy @0.7954 : 0.795x demand level (have a look at previous chart)
SL @0.7940 : if 0.795x doesn't hold
TP @0.7980 : previous high
  • #89
  • Jul 16, 2012 4:29am Jul 16, 2012 4:29am
hi landre,
me not able to place trade due to higher yen in asian session,all mondays are gone like that.
  • #90
  • Jul 16, 2012 10:17am Jul 16, 2012 10:17am
Quoting landre
NZDUSD

Buy @0.7954 : 0.795x demand level (have a look at previous chart)
SL @0.7940 : if 0.795x doesn't hold
TP @0.7980 : previous high
Well still in that trade, I moved down my SL a bit as the 0.7938-40 area looks like a demand one.
It looks good, I will close around the 0.798x.

For those on the EURUSD watch out the 1.2268, many pairs are reaching there supply level..
  • #91
  • Jul 16, 2012 10:27am Jul 16, 2012 10:27am
here is the gu trade trade placed because negative news from usa
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
  • #92
  • Jul 16, 2012 10:34am Jul 16, 2012 10:34am
Quoting vasude
here is the gu trade trade placed because negative news from usa
What's your TP ?

Quoting landre
NZDUSD

Buy @0.7954
SL @0.7940
TP @0.7980
I finally closed it at .7976 (2nd attempt) : +22 pips.
  • #93
  • Jul 16, 2012 11:30am Jul 16, 2012 11:30am
Quoting landre
What's your TP ?



I finally closed it at .7976 (2nd attempt) : +22 pips.
tp is 50 pips
  • #94
  • Jul 17, 2012 2:33am Jul 17, 2012 2:33am
Hello guys,

I have done my homework for the EURUSD too..
Since the nice rejection of the 1.217x, it's very bullish..1.236x is in sight

EURUSD
Buy @1.2284 : nice reaction to 1.2277 level
SL 1.2270 : just below the demand level of this morning
TP 1.2320-30 : let's see if the move is strong to reach the 1.2360

I'm sorry but the chart was drawn before London Opening.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1h 2012.07.17.png Size: 79 KB
  • #95
  • Jul 17, 2012 2:37am Jul 17, 2012 2:37am
Update of the NZDUSD chart

My S/D were quite well put in place except the 0.7992...
There are 2 charts here, first one with the S/D from yesterday, I pointed out the mistakes and the gaps between my S/D and the pair. The second one is with my new S/D.

NZDUSD
Buy @0.7987
SL 0.7975 : below the demand level
TP 0.8012 : not on the charts but it looks like the next supply level if the 0.8000 are broken
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd 1h 2012.07.17.png Size: 77 KB
Click to Enlarge Name: nzdusd 1h 2012.07.17 2.png Size: 85 KB
  • #96
  • Jul 17, 2012 2:40am Jul 17, 2012 2:40am
Last charts for today with the EURJPY, I miss a supply/demand level around the 96.65.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 1h 2012.07.17.png Size: 73 KB
Click to Enlarge Name: eurjpy 1h 2012.07.17 2.png Size: 78 KB
  • #97
  • Jul 17, 2012 3:06am Jul 17, 2012 3:06am
I forgot to mention the big news of this morning : the German ZEW at 11 am Gmt+1.
I won't make any prediction..
USD has weakened yesterday with the bad news and that was the reason of the strong move up of yesterday afternoon..
Attached Image
  • #98
  • Jul 17, 2012 4:10am Jul 17, 2012 4:10am
Well the news is a bit depressive for the EuroZone but still better than expected..
The 1.2311 on the EURUSD and the 0.80 on the NZDUSD have rejected the pairs this morning, maybe we gonna have another try ?
  • #99
  • Jul 17, 2012 6:07am Jul 17, 2012 6:07am
Quoting landre
EURUSD
Buy @1.2284 : nice reaction to 1.2277 level
SL 1.2270 : just below the demand level of this morning
TP 1.2320-30
Closed at 1.2295 : +11 pips..I have sold it with the last rejection of the 1.2311.

Quoting landre
NZDUSD
Buy @0.7987
SL 0.7975
TP 0.8012
I did not wait for my SL to be hitted and I closed it at 0.7984 : -3 pips

Then I took three trades following the rejection..

EURUSD
Sell @1.2297
SL 1.2306
TP 1.2277 : low of this morning

Now SL moved to BE, we are closed to my TP, I don't want to hold this trade (news on US data coming soon).

EURJPY
Sell @97.19
SL 97.30
TP 97.07
TP hitted + 12 pips,

Last one
AUDUSD
Sell @1.0283
SL 1.0292
TP 1.0263 : previous high before the break of yesterday

I entered maybe a bit too early, I thought the demand level around the 1.0283-85 was broken..
  • #100
  • Jul 17, 2012 6:37am Jul 17, 2012 6:37am
Quoting landre
EURUSD
Sell @1.2297
SL 1.2306
TP 1.2277 : low of this morning
Manually closed at 1.2283 : +14 pips

Quoting landre
AUDUSD
Sell @1.0283
SL 1.0292
TP 1.0263
Stopped : -9 pips
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