Keep it up wish you good luck.
Start of my journey towards profitable trading with PA
- #162
- Feb 14, 2013 11:04pm Feb 14, 2013 11:04pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Keep it up wish you good luck.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #163
- Feb 14, 2013 11:34pm Feb 14, 2013 11:34pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New 1D trade: EURAUD
Pending Buy limit @ 1.2810
Reasons:
1. Nice level with 2 clean swing touches
2. D + W HCR
3. FTB
4. Fib ret 23.6%
This will be a blind TT.
Attachment
Buy Limit @ 1.2810
SL @ 1.2730
TP @ 1.2930
Reasons:
1. Nice level with 2 clean swing touches
2. D + W HCR
3. FTB
4. Fib ret 23.6% from major uptrend + Fib ret 50% from recent uptrend (Not shown on chart)
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #164
- Feb 15, 2013 8:09am Feb 15, 2013 8:09am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New 1D trade: EURUSD
Buy @ 1.3362
SL @ 1.330
TP @ 1.345
FTA @ 1.342 for trade management.
Reasons:
1. DCC of S at strong level with D + W HCR & D LCS
2. 50% fib ret from most recent uptrend (not shown in chart)
3. With the trend
Attachment
Did not feel happy with this setup because the 1D candle closed EXACTLY at the level, which was too risky to be a DCC, and yet I still took it.
Now price showed 5 consequtive 4H signatures, confirming my level as R.
I'm lucky to get a "discount", and manually closed the trade for a 0.2R loss.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #165
- Feb 17, 2013 4:52pm Feb 17, 2013 4:52pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New pending 1D trade: NZDUSD
Sell limit @ 0.8460
SL @ 0.8548
TP @ 0.8332
Reasons:
1. BEOB at swing high + BRN 0.8500
2. PBT&CB D + W HCR level
3. MACD Bearish divergence (not shown in chart)
Sell limit @ 0.8460
SL @ 0.8548
TP @ 0.8332
Reasons:
1. BEOB at swing high + BRN 0.8500
2. PBT&CB D + W HCR level
3. MACD Bearish divergence (not shown in chart)
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #166
- Feb 17, 2013 5:00pm Feb 17, 2013 5:00pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1D trade: AUDUSD
Sell limit @ 1.0328
SL @ 1.0380
TP @ 1.0253
Reasons:
1. Good sized BEOB
2. PBT&CB D + W LCS
3. With the trend (continuation)
Sell limit @ 1.0328
SL @ 1.0380
TP @ 1.0253
Reasons:
1. Good sized BEOB
2. PBT&CB D + W LCS
3. With the trend (continuation)
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #167
- Feb 17, 2013 9:41pm Feb 17, 2013 9:41pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
la z
Triggered. Price hit FTA shortly. Moved my SL to above BRN 0.8500.
New pending 1D trade: NZDUSD
Sell limit @ 0.8460
SL @ 0.8548
TP @ 0.8332
Reasons:
1. BEOB at swing high + BRN 0.8500
2. PBT&CB D + W HCR level
3. MACD Bearish divergence (not shown in chart)
Attachment
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #168
- Feb 18, 2013 5:05pm Feb 18, 2013 5:05pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New 1H trade: NZDUSD
Sell @ 0.8449
SL @ 0.847
TP @ 0.84
Reasons:
1. SFP with V shape at a nice PPZ
2. 1D bearish bias (already shorted)
FTA @ 0.8428 for trade management. TP at 2nd FTA since we have 1D bearish bias.
Sell @ 0.8449
SL @ 0.847
TP @ 0.84
Reasons:
1. SFP with V shape at a nice PPZ
2. 1D bearish bias (already shorted)
FTA @ 0.8428 for trade management. TP at 2nd FTA since we have 1D bearish bias.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #169
- Feb 18, 2013 5:21pm Feb 18, 2013 5:21pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New pending 1D trade: USDCAD
Buy limit @ 1.0080
SL @ 1.0050
TP @ 1.0215
Reasons:
1. PBT&CA a strong D HCR PPZ level
2. Plenty of space above
3. With the trend
Also a valid 1H RR entry.
1D chart:
1H chart:
Buy limit @ 1.0080
SL @ 1.0050
TP @ 1.0215
Reasons:
1. PBT&CA a strong D HCR PPZ level
2. Plenty of space above
3. With the trend
Also a valid 1H RR entry.
1D chart:
1H chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #170
- Feb 18, 2013 5:26pm Feb 18, 2013 5:26pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New pending 1D trade: EURAUD
Buy Limit @ 1.2810
SL @ 1.2730
TP @ 1.2930
Reasons:
1. Nice level with 2 clean swing touches
2. D + W HCR
3. FTB
4. Fib ret 23.6% from major uptrend + Fib ret 50% from recent uptrend (Not shown on chart)
Attachment
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #171
- Feb 18, 2013 9:09pm Feb 18, 2013 9:09pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New 1H trade: NZDUSD
Sell @ 0.8449
SL @ 0.847
TP @ 0.84
Reasons:
1. SFP with V shape at a nice PPZ
2. 1D bearish bias (already shorted)
FTA @ 0.8428 for trade management. TP at 2nd FTA since we have 1D bearish bias.
Attachment
Price hit FTA, and formed an SFP on 1H chart, with a nice V shape. Price was 3 pips away from my TP..
Decided to take half positions off. SL remains at 0.847.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #172
- Feb 18, 2013 9:28pm Feb 18, 2013 9:28pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Last 1D candle closed below my entry level, and price working out nicely so far, after it reached the high of previous candle.
Decided to move SL to above last candle high @ 0.8470.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #173
- Feb 19, 2013 9:45am Feb 19, 2013 9:45am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Update in 1H trade: NZDUSD
Price hit FTA, and formed an SFP on 1H chart, with a nice V shape. Price was 3 pips away from my TP..
Decided to take half positions off. SL remains at 0.847.
Attachment
Would've been a better option to close full position after the SFP bar, since it was a strong SFP.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #174
- Feb 19, 2013 9:46am Feb 19, 2013 9:46am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #175
- Feb 19, 2013 9:21pm Feb 19, 2013 9:21pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Price rallied from the SFP candle, and hit my SL.
Would've been a better option to close full position after the SFP bar, since it was a strong SFP.
Attachment
Price turned and hit my original TP after stopped me out. In this trade, I did not use the ATR as my stop, which would've been @ 0.849.
Anyway, no complaints on the 1H trade.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #176
- Feb 19, 2013 9:40pm Feb 19, 2013 9:40pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New pending 1D trade: NZDUSD
Sell limit @ 0.8460
SL @ 0.8548
TP @ 0.8332
Reasons:
1. BEOB at swing high + BRN 0.8500
2. PBT&CB D + W HCR level
3. MACD Bearish divergence (not shown in chart)
Attachment
For this trade, I've violated my rule of managing 1H & 1D trades separately.
I moved my SL of my 1D trade to the same price as my 1H trade.
Originally, I've marked 2 trouble areas on my 1D chart, and planned to only manage my trade when the trouble areas are reached.
1st movement of SL to 0.8502 after price reached FTA was good, but I messed up the trade by moving the SL of the 1D trade BEFORE price hit 2nd trouble area.
Lesson learnt: Do NOT let 1H trade influence 1D trade!
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #177
- Feb 20, 2013 8:25am Feb 20, 2013 8:25am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1D trade: AUDUSD
Sell limit @ 1.0328
SL @ 1.0380
TP @ 1.0253
Reasons:
1. Good sized BEOB
2. PBT&CB D + W LCS
3. With the trend (continuation)
Attachment
4H chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #178
- Feb 20, 2013 8:59am Feb 20, 2013 8:59am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1H trade: NZDUSD
Sell limit @ 0.8392
SL @ 0.8420
TP @ 0.8340
Reasons:
1. Clean PPZ level
2. 3 previous touches as S
3. 1D bearish bias
If my order is not triggered from the next bar, I will cancel the order, as price may have already reacted to my level of interest.
Sell limit @ 0.8392
SL @ 0.8420
TP @ 0.8340
Reasons:
1. Clean PPZ level
2. 3 previous touches as S
3. 1D bearish bias
If my order is not triggered from the next bar, I will cancel the order, as price may have already reacted to my level of interest.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #179
- Feb 20, 2013 9:37am Feb 20, 2013 9:37am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Triggered. Price reached FTA. Moved SL to above D 365EMA + previous R on 4H chart & D + W LCS level.
4H chart:
Attachment
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #180
- Feb 20, 2013 10:04am Feb 20, 2013 10:04am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1H trade: NZDUSD
Sell limit @ 0.8392
SL @ 0.8420
TP @ 0.8340
Reasons:
1. Clean PPZ level
2. 3 previous touches as S
3. 1D bearish bias
If my order is not triggered from the next bar, I will cancel the order, as price may have already reacted to my level of interest.
Attachment
Knowing is not enough; we must apply. Willing is not enough; we must do.