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Start of my journey towards profitable trading with PA

  • #301
  • Mar 17, 2013 5:50pm Mar 17, 2013 5:50pm
Quoting keroro0o0o
Update on 1D trade: AUDUSD

Big shock in the morning, stopped out by a crazy gap for a 0.5R loss (even though my SL was at BE).

Attachment
New 1D trade: AUDUSD

Buy @ 1.0371
SL @ 1.0328
TP @ 1.0435

Reasons:
1. Re-entering previous Long with the DCC of S @ D +W LCS level
2. Valid gap play with 150EMA confluence as S

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 219 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #302
  • Mar 17, 2013 5:52pm Mar 17, 2013 5:52pm
New 1D trade: USDCAD

Sell @ 1.0220
SL @ 1.0262
TP @ 1.0113

Reasons:
1. DCC of R @ D HCR/LCS level
2. Gap play
3. Trading into space

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 212 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #303
  • Mar 17, 2013 6:03pm Mar 17, 2013 6:03pm
New Pending 1D trade: USDJPY

Buy limit @ 94.62
SL @ 93.68
TP @ 96.28

Reasons:
1. Strong D + W LCS/HCR level acting as S
2. Gap play
3. Valid RR pattern

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 188 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #304
  • Mar 17, 2013 8:15pm Mar 17, 2013 8:15pm
Quoting keroro0o0o
New 1D trade: AUDUSD

Buy @ 1.0371
SL @ 1.0328
TP @ 1.0435

Reasons:
1. Re-entering previous Long with the DCC of S @ D +W LCS level
2. Valid gap play with 150EMA confluence as S

Attachment
Update on 1D trade: AUDUSD

Price formed 2x 1H signatures of D + W LCS level as R.

Manual close positions here for 0.6R loss.

Apparently, there was a big impact news on last weekend, causing the significant drop. It was too risky to enter any trade at this point... I entered this trade as my gains on this month was slowly being wiped out, and I wish to earn back those gains, which made me entered the trade that I wasn't to confident with...

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.
  • #305
  • Mar 17, 2013 9:04pm Mar 17, 2013 9:04pm
Quoting keroro0o0o
New Pending 1H trade: USDCAD

Sell limit @ 1.0242
SL @ 1.0278
TP @ 1.0163

Reasons:
1. Nice clean level with 3 swing touches broken
2. 2x fib ret confluences
3. TL with level confluence

Attachment
Order triggered. Holding 2x positions short on USDCAD currently.

Will monitor price closely.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 39 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #306
  • Mar 17, 2013 9:20pm Mar 17, 2013 9:20pm
Quoting keroro0o0o
New Pending 1D trade: USDJPY

Buy limit @ 94.62
SL @ 93.68
TP @ 96.28

Reasons:
1. Strong D + W LCS/HCR level acting as S
2. Gap play
3. Valid RR pattern

Attachment
Triggered. Let's roll!
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #307
  • Mar 18, 2013 3:23am Mar 18, 2013 3:23am
Quoting keroro0o0o
Update on 1D trade: AUDUSD

Price formed 2x 1H signatures of D + W LCS level as R.

Manual close positions here for 0.6R loss.

Apparently, there was a big impact news on last weekend, causing the significant drop. It was too risky to enter any trade at this point... I entered this trade as my gains on this month was slowly being wiped out, and I wish to earn back those gains, which made me entered the trade that I wasn't to confident with...

Attachment
Follow up: AUDUSD

Price is slowly creeping back to my entry level, but I don't feel bad/regret as I traded based on what PA told me to do. Trade according to the plan.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 35 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #308
  • Mar 18, 2013 3:52am Mar 18, 2013 3:52am
Quoting keroro0o0o
Order triggered. Holding 2x positions short on USDCAD currently.

Will monitor price closely.

Attachment
Update on USDCAD trades:

Price had 3x 1H signatures at the D + W LCS level acting as S. Now price approaching the level again slowly, which is a valid demand area formed by earlier 1h signatures, and also a possible flip from R to S.

At this point, there is a big possibility where price is merely pulling back and move further up. Decided to manually closed the trade for a small 2 pip loss.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 39 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #309
  • Mar 18, 2013 8:12am Mar 18, 2013 8:12am
Quoting keroro0o0o
Update on USDCAD trades:

Price had 3x 1H signatures at the D + W LCS level acting as S. Now price approaching the level again slowly, which is a valid demand area formed by earlier 1h signatures, and also a possible flip from R to S.

At this point, there is a big possibility where price is merely pulling back and move further up. Decided to manually closed the trade for a small 2 pip loss.

Attachment
Follow up: USDCAD

Seems like I was wrong again, to interfere with my 1D trades based on lower TF chart. Hmm, really struggling with my psychology and patience...

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 174 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #310
  • Mar 18, 2013 8:15am Mar 18, 2013 8:15am
Quoting keroro0o0o
Follow up: AUDUSD

Price is slowly creeping back to my entry level, but I don't feel bad/regret as I traded based on what PA told me to do. Trade according to the plan.

Attachment
Follow up: AUDUSD

Here's another one, where I managed my 1D trade based on 1h TF, and look at where the price headed to.. This situation always happens when I have a few losing trades, and start to lose confidence...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 216 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #311
  • Mar 18, 2013 8:31am Mar 18, 2013 8:31am
Quoting keroro0o0o
Triggered. Let's roll!
Update on 1D trade: USDJPY

Price hit FTA at BRN 95.00 which aligned with previous bar high/low.

Tightened SL to below D low.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 183 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #312
  • Mar 18, 2013 5:31pm Mar 18, 2013 5:31pm
Quoting keroro0o0o
Update on 1D trade: USDJPY

Price hit FTA at BRN 95.00 which aligned with previous bar high/low.

Tightened SL to below D low.

Attachment
Update on 1D trade: USDJPY

Price hit 2nd FTA and found some R. Anyway, price closed above BRN 95.000. Moved SL to BE and will close half position at 2nd FTA once price gets there.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 193 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #313
  • Mar 18, 2013 5:42pm Mar 18, 2013 5:42pm
New 1D trade: USDCAD

Sell @ 1.0222
SL @ 1.0258
TP @ 1.0112

Reasons:
1. DCC of R double D HCR/LCS level.
2. Trading into space, high RR trade.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 214 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #314
  • Mar 18, 2013 5:45pm Mar 18, 2013 5:45pm
New Pending 1D trade: EURUSD

Sell @ 1.2958
SL @ 1.3008
TP @ 1.2906

Reasons:
1. DCC of R at double D LCS.
2. DCC of R at BRN 1.3000.
3. With the trend.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 205 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #315
  • Mar 18, 2013 6:30pm Mar 18, 2013 6:30pm
Watchlist:

1D AUDUSD:

DCC of strong D + W LCS/HCR level as S, with 150EMA confluence.

Look for bullish signatures on 1H/4H for long entry.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 207 KB


1H GBPUSD:

Nice PPZ, with descending triangle forming. Wait for a breakout south, and look for a RR short entry.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 178 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #316
  • Mar 18, 2013 7:57pm Mar 18, 2013 7:57pm
Quoting keroro0o0o
New Pending 1D trade: EURUSD

Sell @ 1.2958
SL @ 1.3008
TP @ 1.2906

Reasons:
1. DCC of R at double D LCS.
2. DCC of R at BRN 1.3000.
3. With the trend.

Attachment
I'm on board. Let's roll!
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #317
  • Mar 18, 2013 9:31pm Mar 18, 2013 9:31pm
Quoting keroro0o0o
Update on 1D trade: USDJPY

Price hit 2nd FTA and found some R. Anyway, price closed above BRN 95.000. Moved SL to BE and will close half position at 2nd FTA once price gets there.

Attachment
Half off the table, another half trailing at BE.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #318
  • Mar 19, 2013 5:06am Mar 19, 2013 5:06am
Quoting keroro0o0o
I'm on board. Let's roll!
Update on 1D trade: EURUSD

Price hit FTA which was 6 pips away from my TP.

Moved SL to BE.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 19 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #319
  • Edited 10:46am Mar 19, 2013 10:30am | Edited 10:46am
Quoting keroro0o0o
Update on 1D trade: EURUSD

Price hit FTA which was 6 pips away from my TP.

Moved SL to BE.

Attachment
Update on 1D trade: EURUSD

Stopped out at almost to the pip, then TP hit 2 hours later. Shouldn't have moved to BE after FTA breached, instead should've moved SL to few pips above the double D LCS level.

Anyway, price had been ranging, plus with the current uncertainty in the global market, it's best to stay out/play safe for now.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 200 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #320
  • Edited 5:58pm Mar 19, 2013 10:39am | Edited 5:58pm
Quoting keroro0o0o
New 1D trade: USDCAD

Sell @ 1.0222
SL @ 1.0258
TP @ 1.0112

Reasons:
1. DCC of R double D HCR/LCS level.
2. Trading into space, high RR trade.

Attachment
Update on 1D trade: USDCAD

Manually closed my short position after price showed flip from R to S on D HCR/LCS level. Good call to avoid full 1R loss.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 183 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
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