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Potential Trade Set-Ups

  • #241
  • Jan 30, 2013 2:31am Jan 30, 2013 2:31am
AUDUSD m30 Chart

Long from 1.04488
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 34 KB
  • #242
  • Jan 30, 2013 3:04am Jan 30, 2013 3:04am
Quoting fuse
NZDUSD m30 Chart

Long from 0.83601
Unfortunately SL hit at 0.83469 (-13.2 pips)
  • #243
  • Jan 30, 2013 3:24am Jan 30, 2013 3:24am
GBPJPY m30 Chart

Short from 143.704
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.png Size: 39 KB
  • #244
  • Jan 30, 2013 3:35am Jan 30, 2013 3:35am
Quoting fuse
AUDUSD m30 Chart

Long from 1.04488
Hmmm no-one seems to want kiwi or aussie.

SL hit at 1.04350 (-13.8 pips)
  • #245
  • Jan 30, 2013 2:33pm Jan 30, 2013 2:33pm
Quoting fuse
GBPJPY m30 Chart

Short from 143.704
Unfortunately SL hit as well.

Closed at 144.100 (-39.6 pips)

Not a good day trading. 3 losing trades.

My worst day for quite a while. I'll look for some new set-ups later during London
  • #246
  • Feb 5, 2013 3:07pm Feb 5, 2013 3:07pm
EURUSD m15 Chart

Short from 1.35807

SL 1.3595

Target 1.3543
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 39 KB
  • #247
  • Feb 5, 2013 3:29pm Feb 5, 2013 3:29pm
Here is my thoughts on EURUSD Daily Chart

EURUSD is obviously in a strong up trend.

On the Daily we see a huge inverse head and shoulders.

Price breached the neckline, retraced back to the neckline where it found plenty of demand over the past 12 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 40 KB
  • #248
  • Feb 5, 2013 3:37pm Feb 5, 2013 3:37pm
Here are my thoughts on EURUSD H4 Chart

To me price has formed a diamond top- a bearish signal

So for now even though EURUSD is obviously bullish according to the Daily Chart, in the short term I think we may see some bearish movement. So for now I will be looking for a few shorts. If my current trade gets stopped out, I will look to re-enter about 1.3617
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 32 KB
  • #249
  • Feb 6, 2013 1:48am Feb 6, 2013 1:48am
Quoting fuse
EURUSD m15 Chart

Short from 1.35807

SL 1.3595

Target 1.3543
The good news is that I was right and my target was hit.
(The bad news is my SL got hit by 2 pips then retraced- so I took a small loss -14.3 pips)

Anyway I've been watching EURJPY and got some good pips off a short (+74.8 pips)

EURJPY H1 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 34 KB
  • #250
  • Feb 6, 2013 2:03am Feb 6, 2013 2:03am
EURUSD m15 chart

Ok so here we have a m15 chart with two demand levels.

Sometimes there is a level on top of another level. It is sometimes better to target the lower level for an entry.

So I'm going to look for a long around 1.3518
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 34 KB
  • #251
  • Feb 6, 2013 2:13am Feb 6, 2013 2:13am
Quoting fuse
EURUSD m15 chart

Ok so here we have a m15 chart with two demand levels.

Sometimes there is a level on top of another level. It is sometimes better to target the lower level for an entry.

So I'm going to look for a long around 1.3518
Ok so now I'm in this trade.

Long from 1.3519

SL 1.3495

EURUSD m15
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 36 KB
  • #252
  • Feb 6, 2013 2:34am Feb 6, 2013 2:34am
Quoting fuse
Ok so now I'm in this trade.

Long from 1.3519

SL 1.3495

EURUSD m15
I've moved my SL to BE

Target 1.3555

EURUSD m15 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 37 KB
  • #253
  • Feb 7, 2013 4:36am Feb 7, 2013 4:36am
AUDJPY H1 chart

Price has retraced back into supply zone. Also if price falls from this level candles will form a head and shoulders pattern.

Short from 96.948
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.png Size: 38 KB
  • #254
  • Feb 7, 2013 11:00am Feb 7, 2013 11:00am
Quoting fuse
AUDJPY H1 chart

Price has retraced back into supply zone. Also if price falls from this level candles will form a head and shoulders pattern.

Short from 96.948
I've decided to close this trade at 95.946 (100.2 pips)

AUDJPY H1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.png Size: 40 KB
  • #255
  • Feb 7, 2013 12:27pm Feb 7, 2013 12:27pm
EURUSD H4 chart

Here is some classic demand/supply trading.

Price hooked back into supply and shot straight down to demand. I actually took this trade but because of all the event risk I was a bit nervous and moved my stop to BE too early and got stopped out. So unfortunately I missed a 200 pip move.

I think price should find some demand at current level.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 36 KB
  • #256
  • Feb 10, 2013 11:16pm Feb 10, 2013 11:16pm
GBPUSD m15 Chart

This is the setup I'm looking at for the GBPUSD.


If price continues up from here I'm looking to sell around 1.5822

If price drops from here I'm looking to buy around 1.5765

My target will be the other demand/supply area (around about 50 pips)


This is what I hope will happen today...

I'm thinking that price will go up to my supply area first. The market will then retrace at the supply zone down to my demand zone (giving me my 50 pips). Hopefully price will then rally from there making me another 50+ pips.


But will wait and see what happens...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 34 KB
  • #257
  • Feb 11, 2013 2:19am Feb 11, 2013 2:19am
GBPUSD m15 Chart

Ok so I'm in this long trade at 1.57635

However I'm not 100% confident about it as there is another demand zone lower at 1.5727

However I'm going to trade my plan as stated below, but will moniter closely.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 35 KB
  • #258
  • Feb 11, 2013 4:10am Feb 11, 2013 4:10am
Quoting fuse
GBPUSD m15 Chart

Ok so I'm in this long trade at 1.57635

However I'm not 100% confident about it as there is another demand zone lower at 1.5727

However I'm going to trade my plan as stated below, but will moniter closely.
Unfortunately stopped out in this trade.

However I still see opportunity for a long position. So I will try this trade again.

Long from 1.57087

GBPUSD H4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 40 KB
  • #259
  • Feb 14, 2013 3:36am Feb 14, 2013 3:36am
EURUSD m30 chart

Long from 1.33796
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 38 KB
  • #260
  • Feb 14, 2013 4:01am Feb 14, 2013 4:01am
Quoting fuse
EURUSD m30 chart

Long from 1.33796
I'm out SL hit (-19.8 pips)
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