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  • #241
  • Mar 1, 2013 9:14am Mar 1, 2013 9:14am
Quoting keroro0o0o
2 New 1H trades:

EURJPY

Buy @ 120.57
SL @ 120.17
TP @ 121.22

Reasons:
1. SFP + bullish PB
2. Nice level of R turned S
3. TL confluence

1H chart:
Attachment


USDCAD

Sell @ 1.0314
SL @ 1.0361
TP @ 1.0242

Reasons:
1. BEOB at swing high (also a 4H PB)
2. 1H + 4H signatures at H + M HCR level
3. Strong MACD bearish divergence (on both 1H and 4H)

1H chart:
Attachment
Update on 1H USDCAD trade:

Added position at the break of the 1H BEOB.

Both positions now have the same SL @ 1.0348, above the 1H BEOB.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 184 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #242
  • Mar 1, 2013 9:30am Mar 1, 2013 9:30am
Quoting keroro0o0o
Update on 1D NZDUSD trade:

Price worked out nicely towards the FTA (near term TL).

Tightened SL to 10 pips above previous baerish candle.

TP remained conservative at 2 bar lows. If price breaksthrough, will look for another oppurtunity for a short.

Don't like to hang on trades for too long.

Attachment
TP hit for a nice 1.2R. Was wanting to manually close the trade when SFP formed on the 1H chart, but experience taught me to not mess with my 1D trade by looking at lower TF charts.

Paid off nicely.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 204 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #243
  • Mar 1, 2013 9:33am Mar 1, 2013 9:33am
Quoting keroro0o0o
2 New 1H trades:

EURJPY

Buy @ 120.57
SL @ 120.17
TP @ 121.22

Reasons:
1. SFP + bullish PB
2. Nice level of R turned S
3. TL confluence

1H chart:
Attachment


USDCAD

Sell @ 1.0314
SL @ 1.0361
TP @ 1.0242

Reasons:
1. BEOB at swing high (also a 4H PB)
2. 1H + 4H signatures at H + M HCR level
3. Strong MACD bearish divergence (on both 1H and 4H)

1H chart:
Attachment
Update on EURJPY trade:

TP hit pretty quickly.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.jpg Size: 163 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #244
  • Mar 1, 2013 12:51pm Mar 1, 2013 12:51pm
Quoting keroro0o0o
Update on 1H USDCAD trade:

Added position at the break of the 1H BEOB.

Both positions now have the same SL @ 1.0348, above the 1H BEOB.

Attachment
Update on 1H USDCAD trade:

Added a trailing stop to lock in profits while I go to sleep.

Good night.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #245
  • Mar 2, 2013 12:26am Mar 2, 2013 12:26am
Quoting keroro0o0o
Update on 1H USDCAD trade:

Added a trailing stop to lock in profits while I go to sleep.

Good night.
Update on 1H USDCAD trade:

Stopped out by the railing stop for total of 0.8R profit. Happy with the early exit because it's weekend.

Great day, with all winning trades. Good start of March. Hope this month will be the turning point of being RED to being GREEN for my journey (in demo).

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 113 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #246
  • Mar 2, 2013 12:56am Mar 2, 2013 12:56am
New Pending 1D trade: USDCHF

Buy limits @ 0.9370 & 0.9341
SL @ 0.9317
TP @ 0.9485

Reasons:
1. PBT&CA a strong D + W HCR level with upper TL confluence
2. Double bottom break out
3. 365EMA & 150EMA break out

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.jpg Size: 159 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #247
  • Mar 4, 2013 12:23am Mar 4, 2013 12:23am
New Pending 1H trade: AUDUSD

Sell limit @ 1.0178
SL @ 1.0211
TP @ 1.0126

Reasons:
1. Clean level with multiple touches as S previously
2. 31.8% fib ret
3. Valid D + W LCS level (broken)

Attached Image
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #248
  • Edited 5:25pm Mar 4, 2013 4:54pm | Edited 5:25pm
Quoting keroro0o0o
New Pending 1H trade: AUDUSD

Sell limit @ 1.0178
SL @ 1.0211
TP @ 1.0126

Reasons:
1. Clean level with multiple touches as S previously
2. 31.8% fib ret
3. Valid D + W LCS level (broken)

Attachment
Update in 1H trade: AUDUSD

Manually exited for 0.5R loss because a bullish PB + SFP + DCC of S at D + W LCS level presented on D close.

Reversed my positions and Long instead:

New Pending 1D trade: AUDUSD

Buy @ 1.0186 (Pullback to D + W LCS level) & 1.0208 (break of PB)
SL @ 1.0143
TP @ 1.0278

Reasons: (as stated above)
1. DCC of S at D + W LCS level.
2. Bullish PB at swing low + SFP
3. Compression pattern.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 234 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #249
  • Edited 9:52pm Mar 4, 2013 9:42pm | Edited 9:52pm
Quoting keroro0o0o
Update in 1H trade: AUDUSD

Manually exited for 0.5R loss because a bullish PB + SFP + DCC of S at D + W LCS level presented on D close.

Reversed my positions and Long instead:

New Pending 1D trade: AUDUSD

Buy @ 1.0186 (Pullback to D + W LCS level) & 1.0208 (break of PB)
SL @ 1.0143
TP @ 1.0278

Reasons: (as stated above)
1. DCC of S at D + W LCS level.
2. Bullish PB at swing low + SFP
3. Compression pattern.

Attachment

Price reached FTA. Cancelled my first buy limit @ 1.0186.

Reduced risk to below previous bar lows / D + W LCS level @ 1.0168.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 46 KB

*using instaforex online chart
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #250
  • Mar 5, 2013 9:28am Mar 5, 2013 9:28am
Quoting keroro0o0o
Price reached FTA. Cancelled my first buy limit @ 1.0186.

Reduced risk to below previous bar lows / D + W LCS level @ 1.0168.

Attachment
*using instaforex online chart
Manually closed the trade for a 0.5R profit.

The reason why i closed it was because I saw a 4H bearish SFP. After closing the position, I went to play games.

After that, I opened my chart, and realized the 4H SFP appeared on the Oanda chart instead of my FxPro chart. Instead, I found a bullish PB after a small pullback on my FxPro 4H chart.

So what I did was, i re-opened my Long entry without second thoughts. After a few minutes, I don't feel good, because the actions I took was TOO random. So I decided to close the re-opened Long entry for a small loss. <0.2%.

Anyway, lesson learnt here is, to always have a plan, and to always execute it without fail. A stupid move like this will be the downfall in my trading journey... hope i don't repeat the same mistakes again...

Oanda chart:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 149 KB


FxPro chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-27_20-03.jpg Size: 164 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #251
  • Mar 5, 2013 9:40am Mar 5, 2013 9:40am
Quoting keroro0o0o
Manually closed the trade for a 0.5R profit.

So what I did was, i re-opened my Long entry without second thoughts. After a few minutes, I don't feel good, because the actions I took was TOO random. So I decided to close the re-opened Long entry for a small loss. <0.2%.

Anyway, lesson learnt here is, to always have a plan, and to always execute it without fail. A stupid move like this will be the downfall in my trading journey... hope i don't repeat the same mistakes again...
Well managed with closing a randomly opened position. Just sounds very familiar
Plus there is a very nice sloping down trendline on that Au where we seem to bounce back down off.
  • #252
  • Mar 5, 2013 10:13am Mar 5, 2013 10:13am
New 1H trade: EURAUD

Buy @ 1.2728
SL @ 1.2707
TP @ 1.2763

Reasons:
1. SFP with a V shape
2. TL confluence, also a valid demand area

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 192 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #253
  • Mar 5, 2013 10:18am Mar 5, 2013 10:18am
Quoting Liquid_fx
Well managed with closing a randomly opened position. Just sounds very familiar
Plus there is a very nice sloping down trendline on that Au where we seem to bounce back down off.
Hi Liquid,

Well, the randomly opened position was actually to resume my earlier entry, as the exit was found out to be a "wrong analysis" which wasn't based on my main charting tool. But anyway, a mistake is a mistake, and a decision has already been made, so I shouldn't re-enter the trade, since I've decided to close it, even if it's a wrong decision.

As for the TL, I had it on my Daily chart, but I decided to take it off, because I think the price had been pretty choppy, and TL only clouds my analysis. Furthermore, a reliable TL (IMHO) should be drawn to major swings, and not drawn to multiple touches made by small moves.

Just my 2 cents though. We learn together ^^
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #254
  • Mar 5, 2013 10:34am Mar 5, 2013 10:34am
I hear you. However I think the diagonal trendline is capturing valid major swingpoints. Additionally it falls into place with a horizontal level.

Attached Image (click to enlarge)
Click to Enlarge Name: ucad_2402.gif Size: 27 KB
  • #255
  • Mar 5, 2013 6:12pm Mar 5, 2013 6:12pm
Quoting Liquid_fx
I hear you. However I think the diagonal trendline is capturing valid major swingpoints. Additionally it falls into place with a horizontal level.

Attachment
Hi Buddy,

Nicely drawn TL on the 4H. However, I have a different horizontal line drawn, which was a better PPZ in my eyes, and price brokethrough that level, and had a small pull back, forming a bullish pinbar which I mentioned earlier.

Now price is reaching my prevoius daily long target. Here's another example of why I should NOT manage my daily trades by using lower TF charts. Almost ALWAYS screws up my daily trades.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 54 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #256
  • Mar 5, 2013 6:20pm Mar 5, 2013 6:20pm
Quoting keroro0o0o
New 1H trade: EURAUD

Buy @ 1.2728
SL @ 1.2707
TP @ 1.2763

Reasons:
1. SFP with a V shape
2. TL confluence, also a valid demand area

Attachment
Update on 1H EURAUD trade:

Stopped out for a full 1R loss.

Few problems with the trade:
1. Price was lingering around the TL after the 4th touch, signaling accumulation before breaking down. Furthermore, my expectation for an SFP trade was a quicker move, which forms an "M" (in case of short) or "W" (in case of Long) pattern.

However, I woke up slightly too late (around 45 minutes later than usual), and when I opened my chart and notice this pattern, the next thing I hear was the sound alert of my trade being stopped out.

Lesson learnt: Don't be lazy and wake up when I should. LOL

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 49 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #257
  • Mar 5, 2013 6:49pm Mar 5, 2013 6:49pm
Quoting keroro0o0o
Manually closed the trade for a 0.5R profit.

The reason why i closed it was because I saw a 4H bearish SFP. After closing the position, I went to play games.

After that, I opened my chart, and realized the 4H SFP appeared on the Oanda chart instead of my FxPro chart. Instead, I found a bullish PB after a small pullback on my FxPro 4H chart.

So what I did was, i re-opened my Long entry without second thoughts. After a few minutes, I don't feel good, because the actions I took was TOO random. So I decided to close the re-opened Long entry...
Follow up on 1D AUDUSD trade:

Here's another example of why I shouldn't manage my 1D trades using 1H/4H charts.

Now, my original TP is hit, and I can only wonder why did I not follow my rules of not interfering my 1D trade due to "signals" from 1H/4H charts.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 40 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #258
  • Mar 6, 2013 9:26am Mar 6, 2013 9:26am
New 1D trade: NZDUSD (also a valid 1H trade, only TP/SL based on 1D chart)

Sell @ 0.8327
SL @ 0.8358
TP @ 0.8282

Reasons:
1. Strong double D LCS level which aligned with multiple bar highs/lows, with TL confluence
2. 4H signatures at double D LCS level, with 150 + 365EMA confluence as R
3. 1H signatures + SFP pattern, with MACD bearidh divergence + 365EMA confluence as R

1D chart:
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 222 KB


4H chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-27_20-03.jpg Size: 218 KB


1H chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-03-06_23-22.jpg Size: 208 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #259
  • Mar 6, 2013 4:30pm Mar 6, 2013 4:30pm
Quoting keroro0o0o
New 1D trade: NZDUSD (also a valid 1H trade, only TP/SL based on 1D chart)

Sell @ 0.8327
SL @ 0.8358
TP @ 0.8282

Reasons:
1. Strong double D LCS level which aligned with multiple bar highs/lows, with TL confluence
2. 4H signatures at double D LCS level, with 150 + 365EMA confluence as R
3. 1H signatures + SFP pattern, with MACD bearidh divergence + 365EMA confluence as R

1D chart:
Attachment

4H chart:
Attachment

1H chart:
Attachment
Update on 1D NZDUSD trade:

TP hit with almost zero drawdown. Good trade!

1H chart:
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 194 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #260
  • Mar 6, 2013 4:49pm Mar 6, 2013 4:49pm
New Pending 1D trade: USDCAD

Sell limit @ 1.0329
SL @ 1.0366
TP @ 1.0263

Reasons:
1. DCC of R at D + M HCR level
2. 4H signatures with MACD bearish divergence

1D chart:
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 209 KB


4H chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-03-06_23-22.jpg Size: 208 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
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