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MPB Swing Journal

  • #21
  • Apr 8, 2013 8:59pm Apr 8, 2013 8:59pm
AUD/CHF

Not a classic pin but a pin none the less.
I like it for the following reasons:

1) AUD/CHF = Positive carry
2) 50% Fib Level
3) Two pretty clear attempts to go lower that failed (last two days)
4) TP is within the current recent upswing

[email protected] [email protected] [email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: 20130408_AUDCHF_D.png Size: 12 KB
  • #22
  • Apr 10, 2013 4:04am Apr 10, 2013 4:04am
AUD/CHF

Long Opened
Attached Image (click to enlarge)
Click to Enlarge Name: 20130410_audchf_1h.gif Size: 18 KB
  • #23
  • Apr 10, 2013 8:25am Apr 10, 2013 8:25am
Hey MBP. I see your trading from an H1 chart. My weekly view shows a large bearish engulfing.
Attached Image (click to enlarge)
Click to Enlarge Name: audchfweekly41013.gif Size: 24 KB

Daily looks bearish to me. I guess I would be looking for a short here.
Attached Image (click to enlarge)
Click to Enlarge Name: audchfdaily41013.gif Size: 24 KB
  • #24
  • Apr 10, 2013 10:19pm Apr 10, 2013 10:19pm
Quoting Winston Reed
Hey MBP. I see your trading from an H1 chart. My weekly view shows a large bearish engulfing. {image} Daily looks bearish to me. I guess I would be looking for a short here. {image}
Winston,
I only use 1H chart for SL placement but use Daily chart for signals.
I do see your point re the weekly chart but this is a short term swing trade for me.
I am comfortable with this trade and still like it from the long side for the time being.
If I get a clear reversal pinbar that says sell....guess what....I'm short.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130410_AUDCHF_D.png Size: 12 KB
  • #25
  • Edited 11:23pm Apr 11, 2013 9:15pm | Edited 11:23pm
Thursday

Orders placed as below:

EURNZD - [email protected] [email protected] [email protected]
GBPNZD - [email protected] [email protected] [email protected]
AUDCAD - [email protected] [email protected] [email protected]
NZDCAD - [email protected] [email protected] [email protected]

Pretty speculative and against the current trend but that's how reversal pins work.
Due to correlation I have cut individual risk back on these pairs.

Charts to follow later.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20130411_GBPNZD_D.png Size: 9 KB
Click to Enlarge Name: 20130411_EURNZD_D.png Size: 11 KB
Click to Enlarge Name: 20130411_NZDCAD_D.png Size: 11 KB
Click to Enlarge Name: 20130411_AUDCAD_D.png Size: 11 KB
  • #26
  • Apr 14, 2013 10:12pm Apr 14, 2013 10:12pm
AUD/CHF

Stop was moved up after 11th April price action.
Although not a reversal pin bar the AUD across the board look a bit weak so I moved stop to BE.
Position closed for +0R.
  • #27
  • Apr 15, 2013 8:30pm Apr 15, 2013 8:30pm
Monday

No signals
  • #28
  • Apr 15, 2013 8:36pm Apr 15, 2013 8:36pm
Trade Update

EURNZD - Closed +3R Profit
GBPNZD - Closed +3R Profit
AUDCAD - Closed -1R Loss
NZDCAD - Still Open
  • #29
  • Apr 17, 2013 1:15am Apr 17, 2013 1:15am
Quoting stewrigh
Hi Mike - I think I'd be more comfortable short at 42 (PO's placed at 4190) - based mainly on fundies but also the chart looks bearish to me. {image}
I'm in now
  • #30
  • Apr 17, 2013 3:57am Apr 17, 2013 3:57am
Quoting stewrigh
I'm in now
nice
  • #31
  • Apr 17, 2013 9:47pm Apr 17, 2013 9:47pm
Quoting mypipbull
NZDCAD - [email protected] [email protected] [email protected]
Stop moved down to above yesterdays high.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130417_NZDCAD_D.png Size: 11 KB
  • #32
  • Edited Apr 18, 2013 12:01am Apr 17, 2013 9:52pm | Edited Apr 18, 2013 12:01am
Wednesday Signals

Orders placed on the following pairs. Charts are pretty self explanatory:

EUR/NZD - S@15393 SL@15475 TP@ 15114
EUR/GBP - S@8527 SL@9022 TP@ 8173 (SL preliminary at the moment, waiting for PA to confirm location)
CAD/CHF - L@9110 SL@8972 TP@ 9524 (SL preliminary at the moment, waiting for PA to confirm location)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20130417_EURNZD_D.png Size: 11 KB
Click to Enlarge Name: 20130417_EURGBP_D.png Size: 9 KB
Click to Enlarge Name: 20130417_CADCHF_D.png Size: 11 KB
  • #33
  • Apr 18, 2013 6:55am Apr 18, 2013 6:55am
Anyone watching this

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.jpg Size: 123 KB
  • #34
  • Apr 18, 2013 8:04pm Apr 18, 2013 8:04pm
Quoting stewrigh
Anyone watching this {image}
I did see it yesterday. Nice round number rejection also.
I ignored this setup as I liked the other EUR short setups better.
Trade is still on if you were to get on it? No breakout yet.
  • #35
  • Apr 18, 2013 8:06pm Apr 18, 2013 8:06pm
Thursday

No signals today
  • #36
  • Apr 18, 2013 8:27pm Apr 18, 2013 8:27pm
Update

Open
NZDCAD - [email protected] [email protected] [email protected] (Stop lowered to breakeven)

Orders
All orders still valid as the pin has not yet failed. Orders adjusted to suit.

EUR/NZD - S@15393 SL@15555 TP@15114
EUR/GBP - S@8523 SL@8583 TP@8173
CAD/CHF - L@9116 SL@9047 TP@9524
  • #37
  • Apr 21, 2013 5:58pm Apr 21, 2013 5:58pm
Update

NZDCAD - Closed for +0R
EUR/NZD -> Cancelled
EUR/GBP -> -1R Loss
  • #38
  • Apr 21, 2013 6:05pm Apr 21, 2013 6:05pm
Friday

CAD/CHF -> New long signal printed. Orders adjusted - [email protected] [email protected] [email protected]
GBP/CAD -> [email protected] SL(Prelim)@1.5697 TP(Prelim)@1.5365
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20130419_GBPCAD_D.png Size: 10 KB
Click to Enlarge Name: 20130419_CADCHF_D.png Size: 11 KB
  • #39
  • Apr 21, 2013 6:59pm Apr 21, 2013 6:59pm
Quoting mypipbull
Friday CAD/CHF -> New long signal printed. Orders adjusted - [email protected] [email protected] [email protected] GBP/CAD -> [email protected] SL(Prelim)@1.5697 TP(Prelim)@1.5365 {image} {image}
Hi MPB

I am with you on the gbpcad trade.

Olu
If you think you can or cannot do it you are correct
  • #40
  • Apr 24, 2013 8:55pm Apr 24, 2013 8:55pm
Position Update

CAD/CHF - Open [email protected] [email protected] [email protected]
GBP/CAD - Closed -1R
GBP/JPY - Open [email protected] [email protected] [email protected]
NZD/JPY - Open [email protected] [email protected] [email protected]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20130424_CADCHF_D.png Size: 11 KB
Click to Enlarge Name: 20130424_NZDJPY_D.png Size: 9 KB
Click to Enlarge Name: 20130424_GBPJPY_D.png Size: 10 KB
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