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Start of my journey towards profitable trading with PA

  • #361
  • Mar 25, 2013 7:41am Mar 25, 2013 7:41am
Quoting keroro0o0o
New Pending 1D trade: AUDUSD

Buy limit @ 1.0403
SL @ 1.0362
TP @ 1.0453

Reasons:
1. PBT&CA strong D + W HCR/LCS combo
2. Trading into space + with the trend
3. Also a valid 1H RR

1D chart:
Attachment

1H chart:
Attachment
Update:

Price went too far away from my Buy limit order. Cancelled the order and watch PA now.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 89 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #362
  • Mar 25, 2013 6:06pm Mar 25, 2013 6:06pm
New Pending 1D trade: GBPUSD

Buy limit @ 1.5165
SL @ 1.5096
TP @ 1.5264

Reasons:
1. DCC of S at D HCR level & previous multi bar highs
2. 1H & 4H signatures, with confluence of 150EMA as S

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #363
  • Mar 25, 2013 6:16pm Mar 25, 2013 6:16pm
New Pending 1D trade: AUDUSD

Sell limit @ 1.0474
SL @ 1.0505
TP @ 1.0414

Reasons:
1. DCC of R at D HCR level
2. 1D SFP
3. Compression pattern/Wedge on 4H with MACD bearish divergence

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #364
  • Mar 26, 2013 2:23am Mar 26, 2013 2:23am
Quoting keroro0o0o
New Pending 1D trade: AUDUSD

Sell limit @ 1.0474
SL @ 1.0505
TP @ 1.0414

Reasons:
1. DCC of R at D HCR level
2. 1D SFP
3. Compression pattern/Wedge on 4H with MACD bearish divergence

Attachment
Triggered. Here we go.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #365
  • Mar 26, 2013 2:52am Mar 26, 2013 2:52am
Quoting keroro0o0o
New Pending 1D trade: GBPUSD

Buy limit @ 1.5165
SL @ 1.5096
TP @ 1.5264

Reasons:
1. DCC of S at D HCR level & previous multi bar highs
2. 1H & 4H signatures, with confluence of 150EMA as S

Attachment
Price went 40 pips away from my buy limit, cancelled the order.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #366
  • Mar 26, 2013 8:03am Mar 26, 2013 8:03am
Quoting keroro0o0o
Triggered. Here we go.
Update on 1D trade: AUDUSD

Price had 4x 1H signatures confirming HCR level as S.

Manual close position for 0.3R loss.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 84 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #367
  • Mar 26, 2013 5:48pm Mar 26, 2013 5:48pm
New Pending 1D trade: EURUSD

Sell limit @ 1.2876
SL @ 1.2972
TP @ 1.2738

Reasons:
1. DCC of R at D+W LCS level with 1H & 4H signatures
2. Previous strong BEOB signaling continuation

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 94 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #368
  • Mar 26, 2013 5:57pm Mar 26, 2013 5:57pm
New Pending 1D trade: USDCAD

Sell limit @ 1.0188
SL @ 1.0223
TP @ 1.0105

Reasons:
1. PBT&CB with strong bearish candle.
2. A valid 1H RR entry, with 3 touches previously as S and 23.6% fib confluence

1D chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 93 KB


1H chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 85 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #369
  • Mar 27, 2013 2:44am Mar 27, 2013 2:44am
Quoting keroro0o0o
New Pending 1D trade: EURUSD

Sell limit @ 1.2876
SL @ 1.2972
TP @ 1.2738

Reasons:
1. DCC of R at D+W LCS level with 1H & 4H signatures
2. Previous strong BEOB signaling continuation

Attachment
Price made it to the FTA without taking me on board. Cancelled the limit order.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 14 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #370
  • Mar 27, 2013 7:58am Mar 27, 2013 7:58am
Quoting keroro0o0o
New Pending 1D trade: USDCAD

Sell limit @ 1.0188
SL @ 1.0223
TP @ 1.0105

Reasons:
1. PBT&CB with strong bearish candle.
2. A valid 1H RR entry, with 3 touches previously as S and 23.6% fib confluence

1D chart:
Attachment

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

Triggered, and price immediately strike through FTA. Pretty sweet entry

Tightened SL to above RN 1.0200.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #371
  • Mar 27, 2013 8:28am Mar 27, 2013 8:28am
Quoting keroro0o0o
Price made it to the FTA without taking me on board. Cancelled the limit order.

Attachment
Follow up:

Missed my order by a few pips, would've been nice if I used the first level of D+W LCS level as entry point.

Oh well...moving on.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 89 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #372
  • Mar 27, 2013 8:57am Mar 27, 2013 8:57am
Quoting keroro0o0o
Update on 1D trade: USDCAD

Triggered, and price immediately strike through FTA. Pretty sweet entry

Tightened SL to above RN 1.0200.
Nicely done!!!
  • #373
  • Mar 27, 2013 10:10am Mar 27, 2013 10:10am
Quoting fortunateson
Nicely done!!!


Thanks.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #374
  • Mar 28, 2013 11:19am Mar 28, 2013 11:19am
Quoting keroro0o0o
Update on 1D trade: USDCAD

Triggered, and price immediately strike through FTA. Pretty sweet entry

Tightened SL to above RN 1.0200.

Attachment
Update on 1D trade: USDCAD

Price lingered for quite awhile at the FTA. This looks good to me as it means accumulation before further down move.

However, would not want to take any losses as it wouldn't make sense if price spike up and continue down at this point.

SL tightened to BE.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #375
  • Mar 28, 2013 7:22pm Mar 28, 2013 7:22pm
Quoting keroro0o0o
Update on 1D trade: USDCAD

Price lingered for quite awhile at the FTA. This looks good to me as it means accumulation before further down move.

However, would not want to take any losses as it wouldn't make sense if price spike up and continue down at this point.

SL tightened to BE.

Attachment
Update on 1D trade: USDCAD

Though I remain bearish overall, the 4H bullish PB's off the lows and yesterday's 1D doji worries me. Wouldn't want to be taken out with nothing here.

Decided to take partial profits, and leave the rest with SL at BE for now.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 16 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #376
  • Mar 29, 2013 6:45am Mar 29, 2013 6:45am
Quoting keroro0o0o
Update on 1D trade: USDCAD

Though I remain bearish overall, the 4H bullish PB's off the lows and yesterday's 1D doji worries me. Wouldn't want to be taken out with nothing here.

Decided to take partial profits, and leave the rest with SL at BE for now.

Attachment
Update: USDCAD

More and more bullish reaction at the bottom of the RM. Not liking the PA here. Tightened SL to above RM top to lock in profits.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 86 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #377
  • Mar 29, 2013 9:23am Mar 29, 2013 9:23am
Quoting keroro0o0o
Update: USDCAD

More and more bullish reaction at the bottom of the RM. Not liking the PA here. Tightened SL to above RM top to lock in profits.

Attachment
Stopped out for a total of 0.5R profits. Oh well, no complaints since got almost 0 drawdown from this trade, and it's Friday.

Attached Image
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #378
  • Mar 30, 2013 10:20pm Mar 30, 2013 10:20pm
Finally, first profitable month.

Patience is virtue. 2 more months to go!!

Edit: I like the total pips earned.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #379
  • Mar 31, 2013 6:12pm Mar 31, 2013 6:12pm
New Pending 1D trade: AUDUSD

Buy limit @ 1.0407
SL @ 1.0376
TP @ 1.0465

Reasons:
1. DCC of S at D+W HCR/LCS level.
2. 2x fib confluences from recent swings (not shown)
3. RN 1.0400 confluence.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 92 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #380
  • Mar 31, 2013 11:09pm Mar 31, 2013 11:09pm
Quoting keroro0o0o
New Pending 1D trade: AUDUSD Buy limit @ 1.0407 SL @ 1.0376 TP @ 1.0465 Reasons: 1. DCC of S at D+W HCR/LCS level. 2. 2x fib confluences from recent swings (not shown) 3. RN 1.0400 confluence. {image}
Update:

Triggered, and price brokethrough the D+W LCS/HCR level, and formed 2x 1H signatures of level as S.

Don't like this price action, and with the current 1H & 4H downtrend, decided to manual close for 0.3R loss.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 12 KB
Knowing is not enough; we must apply. Willing is not enough; we must do.
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