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  • #41
  • Jan 22, 2013 6:36pm Jan 22, 2013 6:36pm
Quoting keroro0o0o
New trade in USDCAD

Based on D chart:

Re-entering the short trade on USDCAD.

Reasons:
1. Double DCC of R at D +W LCS with the last candle as BEOB/PB alike.
2. 150EMA working as R
3. SPF still valid.

Attachment
Triggered. Pending buy order at FTA to close 1/3 position. After that will trail the rest at BE.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #42
  • Edited Jan 23, 2013 1:17am Jan 22, 2013 10:05pm | Edited Jan 23, 2013 1:17am
Quoting keroro0o0o
New trade in USDCAD

Reasons:
1. SPF at previous S turned R.
2. MACD bearish divergence
3. D bearish bias (with 150EMA & upper TL, not shown in H1 chart)

Attachment
Update in USDCAD 1H trade:

Moved SL to above latest 1H SFP candle. Unable to post chart as in the office..
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #43
  • Edited Jan 23, 2013 5:03pm Jan 22, 2013 11:16pm | Edited Jan 23, 2013 5:03pm
Quoting keroro0o0o
Update in USDCAD trade:

Moved SL to above latest 1H SFP candle. Unable to post chart as in the office..
Update in USDCAD 1H trade:

Stopped out with 0.25R profit.

Look what happens. I got stopped out, and price IMMEDIATELY reversed in the direction of my favor, and hit my TP.

This morning had 1R profit, was thinking to close the trade as TP was only 7 pips away, but decided to stick to the plan(until i decided to move my SL).

Here's screenshot of what happened:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 123 KB


Always like the psychological relieve after locking in profits, but more times than not, my SL was hit for a SMALL profit, and price reverse to hit my TP. happened for quite a few times already.

So, isit smart to move SL? perhaps, ONLY IF the price you traded flipped from S/R of your favor. I'm talking about 1H trades here.

Well, Move on.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #44
  • Jan 23, 2013 1:22am Jan 23, 2013 1:22am
Quoting keroro0o0o
Triggered. Pending buy order at FTA to close 1/3 position. After that will trail the rest at BE.
Update on 1D USDCAD trade:

FTA triggered. closed 1/3 position for 0.3R profit. Trail the rest at BE.

*Note: this trade is based on Jarroo's method where we take partial(even full profits) & reduce risks when price hits FTA.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #45
  • Jan 23, 2013 5:56am Jan 23, 2013 5:56am
New trade in NZDUSD

Reasons:

1. SFP, which swings higher than 4 previous swing highs and closed below all of them.
2. MACD bearish divergence on both 1H, and 1D charts

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 108 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #46
  • Jan 23, 2013 8:28am Jan 23, 2013 8:28am
Quoting keroro0o0o
Update on 1D USDCAD trade:

FTA triggered. closed 1/3 position for 0.3R profit. Trail the rest at BE.

*Note: this trade is based on Jarroo's method where we take partial(even full profits) & reduce risks when price hits FTA.
Update on USDCAD.

Stopped out by a gigantic crazy bullish bar for a small loss. No complaints here.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 152 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #47
  • Jan 23, 2013 8:34am Jan 23, 2013 8:34am
Quoting keroro0o0o
New trade in NZDUSD

Reasons:

1. SFP, which swings higher than 4 previous swing highs and closed below all of them.
2. MACD bearish divergence on both 1H, and 1D charts

Attachment
Update on NZDUSD trade:

SFP against my direction. Don't like this action.

Plus, with the SFP of my trade being the 5th attempt to test the resistance, should've just stayed out of this trade. (this trade was taken in a rush without detailed analysis/thoughts).

I'm lucky to close the trade manually for a small profit.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 129 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #48
  • Jan 23, 2013 7:39pm Jan 23, 2013 7:39pm
Quoting keroro0o0o
Update on USDCAD trade:

Having some draw down, where price retraces back to the previous small RM.

A close above the LCS invalidates the break of LCS as support, however, broken TL has not been tested.

Stop loss remains un-moved. A retest of broken TL will trigger some trade management.

Attachment
Now that I look back onto this trade, I would look for two setups, rather than sell at the break of the low of the BEOB:
1. A retracement to the TL, and rejection (possibley with an SFP on the 1H chart)
2. A breakout and a RR back to the previous RM for a short.

That's what I currently think are the better choices than to sell at the break.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #49
  • Jan 24, 2013 6:28am Jan 24, 2013 6:28am
New trade in AUDUSD

Reasons:
1. SFP at a S level.
2. ATR overshot.

Expect a quick bounce to retrace back to the previous broken S & TL before continuing down.

Strong bearish momentum. SL tight, and small risk, <1%.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 145 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #50
  • Edited 8:18am Jan 24, 2013 7:59am | Edited 8:18am
Quoting keroro0o0o
New trade in AUDUSD

Reasons:
1. SFP at a S level.
2. ATR overshot.

Expect a quick bounce to retrace back to the previous broken S & TL before continuing down.

Strong bearish momentum. SL tight, and small risk, <1%.

Attachment
Bears' momentum too strong.

SL hit very quickly. Not an A setup, so no big surprise here.

Another thing i realized, an SFP is more reliable when it's happened with the most current, best with equal sized swings.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 117 KB


Odd that I only realized all these AFTER taking a loss. Ou well...gotta learn it d hard way i guess (lucky i'm on demo)

Lesson learnt: to take only setups high probablity.

Losing even a small amount of risk is still not worth it for a "soso" setup.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #51
  • Jan 24, 2013 3:39pm Jan 24, 2013 3:39pm
New Sell limit order in GBPUSD

1. Nice previous S for a RR
2. D1 bearish bias for a larger TP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 94 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #52
  • Jan 24, 2013 3:40pm Jan 24, 2013 3:40pm
New trade in NZDUSD (Long)

Reasons:

1. Nice RR at a strong PPZ.
2. FTB to the PPZ after breakout

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 114 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #53
  • Jan 24, 2013 7:06pm Jan 24, 2013 7:06pm
Quoting keroro0o0o
New trade in NZDUSD (Long)

Reasons:

1. Nice RR at a strong PPZ.
2. FTB to the PPZ after breakout

Attachment
Price found R at previous S, also a nice PPZ formed. Not looking good for my long entry.

My entry was again, not a good setup, the previous S now turned R was a multibar lows. Failed to spot it. MORE Screentime needed to train the EYE!

Manually closed for a small loss.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 39 KB


*Note: In the office, so using myfxbook chart.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #54
  • Jan 25, 2013 12:36am Jan 25, 2013 12:36am
Quoting keroro0o0o
New Sell limit order in GBPUSD

1. Nice previous S for a RR
2. D1 bearish bias for a larger TP

Attachment
Triggered. Let's see how it goes.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #55
  • Jan 25, 2013 12:45am Jan 25, 2013 12:45am
New trade in NZDUSD (stopped out in less than 30 minutes).

STUPID TRADE!

Saw a small small RR at a small PPZ area, with a small SFP at a small swing.

Wanted to catch a small profit. BAM. stopped out in less than 30 minutes.

Again and again, wanting to be in a trade, and find myself get stopped out.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 42 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #56
  • Jan 25, 2013 1:34am Jan 25, 2013 1:34am
Quoting keroro0o0o
Triggered. Let's see how it goes.
Update in GBPUSD trade:

TP hit within 1 hour. great level with nice RR.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 37 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #57
  • Jan 25, 2013 5:42am Jan 25, 2013 5:42am
New Pending Sell limit in USDCHF.

Reasons:
1. Nice PPZ, previous S had 2 clean touches, and 2 near swings.
2. Plenty of space.
3. D bearish bias

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.jpg Size: 98 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #58
  • Jan 25, 2013 9:30am Jan 25, 2013 9:30am
Quoting keroro0o0o
New Pending Sell limit in USDCHF.

Reasons:
1. Nice PPZ, previous S had 2 clean touches, and 2 near swings.
2. Plenty of space.
3. D bearish bias

Attachment
Triggered. Let's roll!
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #59
  • Jan 26, 2013 5:35am Jan 26, 2013 5:35am
Quoting keroro0o0o
Triggered. Let's roll!
Update on USDCHF trade:

Price worked nicely towards my favoured direction after entry.

D1 showed perfect rejection from broken TL, and last candle closed only slightly below a strong D+W HCR/LCS combo.

Remains bearish, but have to be weary of the weak close of the last bearish candle, which also showed in H1 chart, with a rejection from previous R (FTA).

Normally, I would've moved my SL to BE, or even below entry to lock in profits, but previous attempts of moving SL didn't end up well. Plus, price didn't show any bullish signs.

Decided to stay on my toes, and let the trade works out on itself.

D1 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF_D1.jpg Size: 114 KB


H1 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.jpg Size: 97 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #60
  • Edited Jan 28, 2013 2:13am Jan 27, 2013 2:57pm | Edited Jan 28, 2013 2:13am
New D1 trade:

Pending BUY limit: GBPUSD

Reasons:
1. DCC + SFP at strong D + W HCR.
2. A valid gap play.
3. FTB to HCR.

*note: If price reaches FTA before hitting my buy limit, I'll cancel the order.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 124 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
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