Price hit 2nd trouble area. Took 1/3 profits, and moved SL to D + W LCS, my entry level @ 1.0330.
Attachment
TP hit for a total of 1.2R profits.
Knowing is not enough; we must apply. Willing is not enough; we must do.
Start of my journey towards profitable trading with PA
- #181
- Feb 20, 2013 2:50pm Feb 20, 2013 2:50pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
TP hit for a total of 1.2R profits.
- #182
- Feb 20, 2013 3:22pm Feb 20, 2013 3:22pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Watch list:
EURGBP:
1D SFP with MACD bearish divergence. 1D bearish bias.
Look for 1H SFP/RR setup for a short entry.
EURUSD:
PBT&CB D + W + M strong level.
Look for 1H PA/4H signature @ 1.3359 for a short entry.
GBPUSD:
PBT&CB D + W LCS level.
Look for 1H PA/4H signature @ 1.5335 for a short entry.
NZDUSD
Strong 1D bearish momentum with clean 1H/4H PPZ level @ 0.8392.
Look for 1H SFP for a short entry. Still a valid RR.
EURGBP:
1D SFP with MACD bearish divergence. 1D bearish bias.
Look for 1H SFP/RR setup for a short entry.
EURUSD:
PBT&CB D + W + M strong level.
Look for 1H PA/4H signature @ 1.3359 for a short entry.
GBPUSD:
PBT&CB D + W LCS level.
Look for 1H PA/4H signature @ 1.5335 for a short entry.
NZDUSD
Strong 1D bearish momentum with clean 1H/4H PPZ level @ 0.8392.
Look for 1H SFP for a short entry. Still a valid RR.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #183
- Feb 21, 2013 5:15pm Feb 21, 2013 5:15pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1H trade: AUDUSD
Buy limit @ 1.0263
SL @ 1.023
TP @ 1.0295
Reasons:
1. 1D SFP for bullish bias
2. Nice level at 1H with multiple touches as R
3. 50% fib ret confluence
TP at FTA since it's Friday.
1D chart:
1H chart:
Buy limit @ 1.0263
SL @ 1.023
TP @ 1.0295
Reasons:
1. 1D SFP for bullish bias
2. Nice level at 1H with multiple touches as R
3. 50% fib ret confluence
TP at FTA since it's Friday.
1D chart:
1H chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #184
- Edited Feb 22, 2013 1:12am Feb 21, 2013 8:00pm | Edited Feb 22, 2013 1:12am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1H trade: AUDUSD
Buy limit @ 1.0263
SL @ 1.023
TP @ 1.0295
Reasons:
1. 1D SFP for bullish bias
2. Nice level at 1H with multiple touches as R
3. 50% fib ret confluence
TP at FTA since it's Friday.
1D chart:
Attachment
1H chart:
Attachment
TP will be revised, depending on how price approach to my level of interest (if it does).
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #185
- Feb 22, 2013 3:31am Feb 22, 2013 3:31am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
A few missed trades on NZDUSD:
Possible setup forming:
Price reached my level of interest which was posted previously in my watchlist.
If current candle closes as SFP, I will short this.
Possible setup forming:
Price reached my level of interest which was posted previously in my watchlist.
If current candle closes as SFP, I will short this.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #186
- Feb 22, 2013 3:36am Feb 22, 2013 3:36am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
May have missed the bus, but anyhow, will leave the order open as the level has not been tested yet.
TP will be revised, depending on how price approach to my level of interest (if it does).
Attachment
Price went too far, and too fast away from my level of interest.
My level of interest does not seem strong enough for a blind trade for price to bounce IF price pulls back.
Cancelled Buy limit order.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #187
- Feb 22, 2013 4:07am Feb 22, 2013 4:07am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
A few missed trades on NZDUSD:
Attachment
Possible setup forming:
Price reached my level of interest which was posted previously in my watchlist.
If current candle closes as SFP, I will short this.
Attachment
Price DID form an SFP.
Took short @ 0.8387
SL @ 0.8402
TP @ 0.8362
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #188
- Feb 22, 2013 4:37am Feb 22, 2013 4:37am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New 1H grade: EURGBP
Long @ 0.8628
SL @ 0.8592
TP @ 0.8668
Reasons:
1. SFP
2. 3 tap pattern
3. MACD Bullish divergence
Long @ 0.8628
SL @ 0.8592
TP @ 0.8668
Reasons:
1. SFP
2. 3 tap pattern
3. MACD Bullish divergence
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #189
- Feb 22, 2013 5:31am Feb 22, 2013 5:31am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New 1H grade: EURGBP
Long @ 0.8628
SL @ 0.8592
TP @ 0.8668
Reasons:
1. SFP
2. 3 tap pattern
3. MACD Bullish divergence
Attachment
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #190
- Feb 22, 2013 5:33am Feb 22, 2013 5:33am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1H trade: EURUSD
Buy limit @ 1.3168
SL @ 1.3138
TP @ 1.3231
Reasons:
1. SFP
2. 3 tap pattern
3. MACD bullish divergence
*made a stupid mistake of not using market order after candle closed at SFP.
Most probably will miss this nice trade.
Buy limit @ 1.3168
SL @ 1.3138
TP @ 1.3231
Reasons:
1. SFP
2. 3 tap pattern
3. MACD bullish divergence
*made a stupid mistake of not using market order after candle closed at SFP.
Most probably will miss this nice trade.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #191
- Edited 5:48pm Feb 22, 2013 6:35am | Edited 5:48pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
TP hit for 1.6R profit.
Now price reached a nice PPZ level. If SFP presents here, I will probably Buy. Will see.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #192
- Feb 22, 2013 6:54am Feb 22, 2013 6:54am
- 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.
- #193
- Feb 22, 2013 5:11pm Feb 22, 2013 5:11pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Looking back on my FxPro feed, there wasn't a 4H BEOB. It even printed a 4H SFP (thought not a significant one).
The 4H BEOB was shown on my Oanda feed, which wasn't my main charting tool.
FxPro chart:
Oanda chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #194
- Feb 22, 2013 5:14pm Feb 22, 2013 5:14pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Update on 1H trade: NZDUSD
TP hit. Now price reached a nice PPZ level. If SFP presents here, I will probably Buy. Will see.
Attachment
Nevertheless, it worked out as I anticipated.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #195
- Feb 22, 2013 5:29pm Feb 22, 2013 5:29pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Woot, I'm in. Let's see.
Price did not hit my TP. Woulda closed the position manually if I was awake before market closes. (impossible since it's 6am my time and it's Saturday
)Anyway, will leave the SL at it's original location and see how the market opens.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #196
- Feb 22, 2013 5:46pm Feb 22, 2013 5:46pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1D trade: USDCAD
Sell limit @ 1.0224
SL @ 1.0262
TP @ 1.0103
Reasons:
1. DCC of R at double D HCR level
2. SFP
3. 4H signatures with PB + small MACD divergence
Blue box are trouble areas to watch.
1D chart:
4H chart:
Sell limit @ 1.0224
SL @ 1.0262
TP @ 1.0103
Reasons:
1. DCC of R at double D HCR level
2. SFP
3. 4H signatures with PB + small MACD divergence
Blue box are trouble areas to watch.
1D chart:
4H chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #197
- Edited 11:00pm Feb 22, 2013 8:15pm | Edited 11:00pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1D trade: EURAUD
Buy limit @ 1.2756
SL @ 1.2696
TP @ 1.2842
Reasons:
1. DCC of D HCR with 365 EMA confluence
2. WCC of W HCR (not shown, just an extra confluence)
3. 4H signatures with 365 EMA confluence
I would say this is a high probability trade.
My TP of 1.2842 is a nice level, with 3 previous touches as S. Price broke through and retested that level.
I will short if SFP presents at this level, however, if price breaks through this level, I will look for re-entering long at this level.
1D chart:
4H chart:
1H chart:
Buy limit @ 1.2756
SL @ 1.2696
TP @ 1.2842
Reasons:
1. DCC of D HCR with 365 EMA confluence
2. WCC of W HCR (not shown, just an extra confluence)
3. 4H signatures with 365 EMA confluence
I would say this is a high probability trade.
My TP of 1.2842 is a nice level, with 3 previous touches as S. Price broke through and retested that level.
I will short if SFP presents at this level, however, if price breaks through this level, I will look for re-entering long at this level.
1D chart:
4H chart:
1H chart:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #198
- Feb 24, 2013 2:46pm Feb 24, 2013 2:46pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Update in 1H trade: EURUSD
Price did not hit my TP. Woulda closed the position manually if I was awake before market closes. (impossible since it's 6am my time and it's Saturday
Anyway, will leave the SL at it's original location and see how the market opens.
Attachment
Price gapped up at 0.3pips below my TP. Gap filled instantly.
Decided to close all positions here (as I woulda closed it on Friday before market closed) for a 0.75R profit.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #199
- Feb 24, 2013 2:51pm Feb 24, 2013 2:51pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New Pending 1D trade: EURAUD
Buy limit @ 1.2756
SL @ 1.2696
TP @ 1.2842
Reasons:
1. DCC of D HCR with 365 EMA confluence
2. WCC of W HCR (not shown, just an extra confluence)
3. 4H signatures with 365 EMA confluence
I would say this is a high probability trade.
My TP of 1.2842 is a nice level, with 3 previous touches as S. Price broke through and retested that level.
I will short if SFP presents at this level, however, if price breaks through this level, I will look for re-entering long at this level.
1D chart:
Attachment
4H...
Will wait for 4H signature of S at 1.2756 or 1H SFP for a long entry.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #200
- Feb 24, 2013 3:20pm Feb 24, 2013 3:20pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
New 1H trade: USDJPY
Sell @ 94.13
SL @ 94.67
TP @ 93.53
Reasons:
1. Gap play
2. Valid SFP entry
3. D + W LCS/HCR combo (not shown)
Sell @ 94.13
SL @ 94.67
TP @ 93.53
Reasons:
1. Gap play
2. Valid SFP entry
3. D + W LCS/HCR combo (not shown)
Knowing is not enough; we must apply. Willing is not enough; we must do.