Start of my journey towards profitable trading with PA
Triggered the first level entry @ 1.0328. Let's see.
Update in 1D AUDUSD trade:
Cancelled the other sell limit order @ 1.0358 as price is working nicely from my first entry.
Price hit FTA. Would not want to see price close higher than the last D + W LCS (my entry point), so tightened limit to above yesterday's high @ 1.035.
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New pending 1H trade: AUDUSD
Reasons:
1. Nice level with 2 previous touches as S
2. Fib ret 50% confluence
3. With the trend
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New pending 1D trade: EURAUD
Buy limit @ 1.2983
Reasons:
1. DCC of S at D + W HCR
2. Last candle closed above 1.3000
3. Clean PPZ (especially on W chart)
1D chart:
Attachment
1W chart:
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New 1H trade: EURUSD
Long @ 1.339
Reasons:
1. Nice level with 3/4 previous clean touches as R
2. FTB, with acceleration to that level
This trade was abit risky, because of the super massive bearish momentum, but anyhow, will give it a go, and see what happens.
Attachment
Update in 1D AUDUSD trade:
Cancelled the other sell limit order @ 1.0358 as price is working nicely from my first entry.
Price hit FTA. Would not want to see price close higher than the last D + W LCS (my entry point), so tightened limit to above yesterday's high @ 1.035.
Attachment
New 1H trade: GBPUSD
Short @ 1.5803
Reasons:
1. SFP with ATR overshot
2. FTB to R
Will look for a quick move. If price doesn't hit my TP within 2-3 hours will close the trade manually.
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Triggered. Let's see
Update in 1D AUDUSD trade:
Cancelled the other sell limit order @ 1.0358 as price is working nicely from my first entry.
Price hit FTA. Would not want to see price close higher than the last D + W LCS (my entry point), so tightened limit to above yesterday's high @ 1.035.
Attachment
Update in EURAUD 1D trade:
Price hit FTA. Candle closed strong, with very small wicks, indicating strong bullish momentum.
Moved SL to below previous bar low, and let the trade work it's way towards. TP.
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Update:
Manually closed for a 0.5R loss.
Price reached FTA, and formed 2 consequtive 1H BEOB's, with the 2nd one closed strong below my level of interest. Decided to close at the break of the BEOB.
Problems of this trade was, I did not mark down the FTA, to take partial or even full profits.
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Update in AUDUSD 1D trade:
Price closed strong, with small wicks, indicating strong bearish momentum. Decide to not take partial profits, and let the trade run.
SL moved to above previous 1D low (my BE price).
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New Pending 1D trade: EURUSD
Sell limit @ 1.3460
SL @ 1.3530
TP @ 1.3375
Reasons:
1. DCC of R at D + W HCR strong level
2. BRN 1.3500 confluence
3. Bearish PB
FTA @ 1.3426. If price hits FTA before taking my order, I will cancel the sell limit.
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hello keroro0o0o this is kinda my 1st post,would like to know if am right to put up a limit sell if today(14/02/2013) candle close below 1.3362 which is the last swing low close price before the bearish PB
Hi B,
Yap, that makes sense, as that 1.336 is a strong D + W HCR level, which also formed a D LCS last week. However, the daily close was above this level, forming a DCC of S.
In that case, this signals a long entry for me. Hope that makes sense.
Also, it would be much better to post a chart to illustrate your point of view.
