Support, Resistance etc

CADJPY

The importance of setting pending orders.

The pair broke the 20 days low, below the 100 days MA, the MA itself was looking down. No retest of resistance but I entered the order anyway.

Pending short @76.22
Stop @77.16

Didn't trigger and the trade turned around. Naturally I canceled it. It was a nice long setup though. I failed to take it.

So far 42.9% win rate. Looking back at my trades there are few that I shouldn't have put a target and they could be running much higher giving way more pips than what I have right now. Trend following rocks.

NZDUSD

The price broke above resistance forming new 20 days high. Retested with a pinbar which didn't even penetrate that resistance (now support). Doesn't seem to have much space to go below. I am betting that the pinbar will fail.

Buy @0.8148
Stop @0.8062
Target @The Moon :-D

USDCHF

The trend is up, trading above the MA(100) and above the bullish trend line. Broke recent swing low but bounced quickly back up and stayed above it. Unfortunately I don't know yet if I will let this run or close it at the recent swing high.

Buy @0.9893
Stop @0.9734
Target @Uncertain yet.

http://www.forexfactory.com/showthre...99#post5897999

Stop loss hit. Out with -107 pips loss.

(mumbles something unpleasant about the market)

At least now I don't have a dilemma where to exit.

NZDCAD

Pending Buy @0.82178
Stop @0.813658

There is a resistance at 0.827661 where the upper red line is. Let's see when it reaches there how will we react.

AUDUSD

I had a position in this and closed with a profit. It seems it keeps going up.

Pending Buy @1.05930
Stop @1.04187

AUDJPY

The pattern looks like a reversal, new high with breach of resistance. The risk seems somewhat increased.

Pending Buy @83.199
Stop @81.439

http://www.forexfactory.com/showthre...78#post5904978

Oh fu... err. darn. That pending order was the highest high point of the entry and then tumbled down with abig bearish bar. Out with Loss -81 pips.

http://www.forexfactory.com/showthre...82#post5904982

Loss -71 pips

CADJPY

The pair didn't close above the 20 days high but I thought I may want to be the early bird. The price has moved above the MA(100) anyway, there is a triangle with it's flat side up and the usually break on the flat side.

Buy @19.16
Stop @78.017

EURCAD

The pair has been trading under long term resistance. I am not 100% sure but at least in my brokers charts it seems that this pair is trading under all times low.

Pending Sell @1.21195
Stop loss @1.23155

http://www.forexfactory.com/showthre...84#post5935584

The trade is canceled. A big bullish bar moved the price beyond my intended stop loss so there is no point to hold it further.

EURAUD

New high. Let's see where this is going to take us.

Buy @1.19341
Stop @1.1771

GBPAUD

Buy @1.51326
Initial Stop @1.41916
Closed @1.53840

Profit 251 pips -swap. About 240 pips lest in the table.

NZDCHF

Delayed entry by 2 bars but finally it turned out green.

Sell @0.77365
Initial stop @0.78598
Taken Out @0.766

Profit +70 pips

GBPNZD

Buy @1.95728
Initial Stop @1.93863
Closed @1.97844

Profit +211 pips.

NZDUSD

I really think this pair is playing with me

Sell @0.79585
Stop @0.80628
Loss -104 pips. The whole 3%

Hi


have you stopped using renko ?

EURCAD

Buy @1.25347
Stop @1.23247

Yesterday this trade closed below a resistance level over with a length over 5 days. Possibly a spring. I don't want to get involved in a situation like this. I am giving it a chance to continue by moving the stop very close to 1.245717. Let's see how it will develop.