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  • #201
  • Feb 25, 2013 12:59am Feb 25, 2013 12:59am
Quoting keroro0o0o
Update on 1H trade: EURUSD

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.

Attachment
Ooops, Original TP hit after i closed manually. Oh well..

Attached Image
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #202
  • Feb 25, 2013 3:47am Feb 25, 2013 3:47am
Quoting keroro0o0o
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)

Attachment
Update on 1H trade: USDJPY

Price hit FTA, possible R turned S area.

Tightened SL to 10 pips above recent swing high.

Attached Image
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #203
  • Feb 25, 2013 8:14am Feb 25, 2013 8:14am
New 1H trade: EURAUD

Sell @ 1.2894
SL @ 1.2932
TP @ 1.2852

Reasons:
1. SFP
2. 2x fib rets confluences

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 222 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #204
  • Feb 25, 2013 9:42am Feb 25, 2013 9:42am
Quoting keroro0o0o
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:
Attachment

4H chart:
Attachment
Stopped out for a full 1R loss.

Was struggling to tighten SL when 4H candles brokethrough my HCR level, and formed 2 4H signatures confirming R turned S. However, decided to stick to my rules of not moving SL based on lower TF PA after entry unless price hits my FTA.

Problems with the trade:
Possibly SL too tight. MACD is printing bearish divergence. Will wait for a DCC to re-enter short.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 243 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #205
  • Feb 25, 2013 9:59am Feb 25, 2013 9:59am
Quoting keroro0o0o
New 1H trade: EURAUD

Sell @ 1.2894
SL @ 1.2932
TP @ 1.2852

Reasons:
1. SFP
2. 2x fib rets confluences

Attachment
Update on 1H trade: EURAUD

TP hit for a quick 1.1R profit

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 207 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #206
  • Feb 25, 2013 5:16pm Feb 25, 2013 5:16pm
Quoting keroro0o0o
Update on 1H trade: USDJPY

Price hit FTA, possible R turned S area.

Tightened SL to 10 pips above recent swing high.

Attachment
TP hit for 1R profit. Price continued to dive.

Had been taking small risks on 1H trades (1%) and higher risks on 1D trades (2%). Will revise to have same risks on both TF's to have a more consistent P&L. Will start with 2%.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 172 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #207
  • Feb 25, 2013 5:48pm Feb 25, 2013 5:48pm
Watchlist:

GBPUSD

Look for 1H SFP/4H signature on D LCS + multibar low (RR) for a short entry. Valid 1H/1D signal.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 248 KB


EURGBP

Look for price to breakthrough multi bar lows + break of 1D BEOB at swing high of RN 0.8600 and wait for a retracement (butt kiss/RR) for a short entry.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 202 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #208
  • Feb 25, 2013 5:52pm Feb 25, 2013 5:52pm
New pending 1H trade: USDJPY

Sell limit @ 92.76
SL @ 93.62
TP @ 91.04

Reasons:
1. LARGE 1D BEOB at swing high
2. MACD bearish divergence (not shown)
3. PLENTY of space below

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 203 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #209
  • Feb 25, 2013 9:09pm Feb 25, 2013 9:09pm
Quoting keroro0o0o
New pending 1H trade: USDJPY

Sell limit @ 92.76
SL @ 93.62
TP @ 91.04

Reasons:
1. LARGE 1D BEOB at swing high
2. MACD bearish divergence (not shown)
3. PLENTY of space below

Attachment
Missed the sell limit by 1 pip (included spread). Price working it's way south.

Cancelled the limit order and wait for 1H SFP for a short entry.

Attached Image
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #210
  • Feb 25, 2013 11:25pm Feb 25, 2013 11:25pm
Quoting keroro0o0o
Missed the sell limit by 1 pip (included spread). Price working it's way south.

Cancelled the limit order and wait for 1H SFP for a short entry.

Attachment
Follow up on USDJPY:

May have missed the bus for the best entry because of my stupid mistake of not considering spreads.

Attached Image
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #211
  • Feb 26, 2013 12:49am Feb 26, 2013 12:49am
Quoting keroro0o0o
Watchlist:

GBPUSD

Look for 1H SFP/4H signature on D LCS + multibar low (RR) for a short entry. Valid 1H/1D signal.
Attachment

EURGBP

Look for price to breakthrough multi bar lows + break of 1D BEOB at swing high of RN 0.8600 and wait for a retracement (butt kiss/RR) for a short entry.
Attachment
New 1D trade: EURGBP

Sell @ 0.86
SL @ 0.8642
TP @ 0.8462
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #212
  • Feb 26, 2013 1:28am Feb 26, 2013 1:28am
Hi Keroro,

Nice work, good luck with your trading.
  • #213
  • Edited 3:34am Feb 26, 2013 3:21am | Edited 3:34am
Quoting stevepatt
Hi Keroro,

Nice work, good luck with your trading.
Hi Steve,

Thanks! Appreciate your vouch ..

Also, feel free to (PLEASE DO) comment if you have any inputs about my trading.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #214
  • Feb 26, 2013 7:55am Feb 26, 2013 7:55am
Quoting keroro0o0o
New 1D trade: EURGBP

Sell @ 0.86
SL @ 0.8642
TP @ 0.8462
Full SL hit. Made a terrible mistake here. Was using my phone to enter the trade, and was using "estimation" of risk to calculate total units to sell.

After SL hit, only I realised, I risked 2.7% on this particular trade. BAD MISTAKE as my risk per trade is supposed to be ~2%!!

Another mistake was I did not tighten SL on after price hit the FTA at previous bar lows. (visible on 4H and also 1H charts).

3rd mistake was, my SL was far too tight. The fundamental way to play the BEOB was to put Sl ABOVE the BEOB high. My SL was not even 1/3 of the BEOB candle.
Price hit TL and reversed, and it may continue further down..

1D chart:
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 175 KB


1H chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-26_21-42.jpg Size: 177 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #215
  • Feb 26, 2013 8:05am Feb 26, 2013 8:05am
New 1H trade: AUDUSD

Buy @ 1.2460
SL @ 1.2160
TP @ 1.2800

Reasons:
1. SFP with a V shape
2. 4H MACD Bullish divergence (not shown)
3. 3 tap pattern

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 188 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #216
  • Feb 26, 2013 9:19am Feb 26, 2013 9:19am
Quoting keroro0o0o
New 1H trade: AUDUSD

Buy @ 1.2460
SL @ 1.2160
TP @ 1.2800

Reasons:
1. SFP with a V shape
2. 4H MACD Bullish divergence (not shown)
3. 3 tap pattern

Attachment
SL hit by a massive bar because of news.

lesson learnt: to trade 1H TF, I'll have to be more alert about news which potentially screws up my trades.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 182 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 70 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #217
  • Feb 26, 2013 10:48am Feb 26, 2013 10:48am
Hi Keroro,

I think you'll find you will be better of sticking to 4h and daily charts for trading, that way news releases don't have such an high impact. It might be interesting for you to go back over your trade history to see which TFs bring in the best results.

I only ever use my phone to check how my trades are progressing and to TP and move my SL. Brokers love traders to have access to their accounts through their phones because that way they can keep you trading even when you are on the move. Trying to look at charts on very small screens is only going to lead to mistakes.

Keep up the good work
  • #218
  • Feb 26, 2013 4:38pm Feb 26, 2013 4:38pm
Quoting stevepatt
Hi Keroro,

I think you'll find you will be better of sticking to 4h and daily charts for trading, that way news releases don't have such an high impact. It might be interesting for you to go back over your trade history to see which TFs bring in the best results.

I only ever use my phone to check how my trades are progressing and to TP and move my SL. Brokers love traders to have access to their accounts through their phones because that way they can keep you trading even when you are on the move. Trying to look at charts on very small screens...
Hi Steve,

Yes, I totally agree with the fact that using a phone to enter positions is a BAD idea. Lesson learnt the hard way.

As for the results, I found I performed quite well on the 1H, and the reason why I like the 1H charts was because all feeds show the same chart on 1H and below, unlike daily/4H charts, where different broker shows different charts (due to the opening time).

I will continue to demo as per planned, until I prove myself to be profitable consistently before starting live.

Thanks again for dropping by. Really appreciate your inputs
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #219
  • Edited Feb 27, 2013 5:50am Feb 26, 2013 4:53pm | Edited Feb 27, 2013 5:50am
New Pending 1D trade: NZDUSD

Sell limit @ 0.8295
SL @ 0.8358
TP @ 0.8208

Reasons:
1. PBT&CB W + M LCS
2. Broke out of bear wedge
3. Multibar lows previously adds more confluences with clean touches on W + M LCS which makes a valid RR entry

*if price reaches my TP before taking my order, will revise the trade accordingly.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 237 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #220
  • Edited 5:33pm Feb 26, 2013 5:10pm | Edited 5:33pm
Watchlist:

1H USDCHF

Price having a hard time breaking out of down TL + 365EMA + W/M HCR, but IMO, price is gaining momentum to breakout.

Will look for a strong breakout from 1H chart at 0.9332 level for a butt kiss/RR entry.

1D chart:
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.jpg Size: 232 KB


1H chart
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-27_07-07.jpg Size: 178 KB


USDJPY

Clean level, with price flipping from S to R.

Will look for 1H SFP for a short (depending on the pattern of the formation).

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 169 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
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