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  • #21
  • Jan 6, 2014 10:47pm Jan 6, 2014 10:47pm
Quoting LITEchild
Trading Plan for next week Mon. 6th Jan - Fri. 10th Jan 2014. 1. Entries to be made only after Asia session on Tues. 7th Jan commences. 2. No trades to be taken after Asia session on Fri. 10th Jan closes. 3. Play GBP strength against JPY weakness. 4. Play GBP strength against AUD weakness. 5. Play CHF strength against JPY weakness. 6. Play CHF strength against AUD weakness 7. Take note of various high impact/ volatility news most especially ADC NFC on Wed 8th, and NFP on Fri. 10th.
This weeks trades now initiated according to plan.
Attached Image(s) (click to enlarge)
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  • #22
  • Jan 9, 2014 5:15pm Jan 9, 2014 5:15pm
ALL TRADES CLOSED ON SCHEDULE ACCORDING TO PLAN.
RESULTS FOR THIS WEEK

GBPJPY +162pips.
GBPAUD + 156pips.
AUDCHF -33pips, -47pips, -23pips, -23pips.
CHFJPY -47pips, +44pips.

TOTAL 189pips.
Attached Image(s) (click to enlarge)
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  • #23
  • Jan 12, 2014 4:59am Jan 12, 2014 4:59am
Currency Strength/Weakness profiling for Week 3, Mon. 13th Jan. - to - Fri. 17th Jan. 2014.

1. -GBP
2. -EUR
3. -CHF
4. -NZD
5. -USD
6. -CAD
7. -AUD
8. -JPY

(1 = strongest; 8 = weakest).
  • #24
  • Jan 12, 2014 5:07am Jan 12, 2014 5:07am
Trading Plan for Week 3 Mon. 13th Jan - Fri. 17th Jan 2014.

1. Entries to be made only after Asia session on Tues. 14th Jan commences.
2. No trades to be taken after Asia session on Fri. 17th Jan closes.
3. Play GBP strength against JPY weakness.
4. Play GBP strength against AUD weakness.
5. Play EUR strength against JPY weakness.
6. Play EUR strength against AUD weakness
7. Take particular note of high impact/ volatility Fed Chairman Bernanke speech on Thurs 16th Jan.
  • #25
  • Jan 12, 2014 6:08am Jan 12, 2014 6:08am
GBPJPY, GBPAUD, AUDCHF, CHFJPY all presently in NFP inspired correction volatilty phase. Will look for entries into the trend on signs of exhaustion, preferably around weekly and monthly lows.
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  • #26
  • Jan 13, 2014 2:07pm Jan 13, 2014 2:07pm
EURJPY and EURAUD
Attached Image(s) (click to enlarge)
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  • #27
  • Jan 18, 2014 6:59am Jan 18, 2014 6:59am
SUMMARY FOR WEEK 3 TRADING. TWO TRADES EXECUTED.
GBPJPY - SO FAR +70pips. STOP @ BREAKEVEN +10Ppips.
CHFJPY - Trade closed for -48pips.
Attached Image(s) (click to enlarge)
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  • #28
  • Jan 20, 2014 3:29am Jan 20, 2014 3:29am
Very strong case made here for leaving stops alone at the initial risk tolerance without moving to breakeven. Setup still valid, but Market makers took out stops in liquidity drive for the week. Lesson learnt. Will look for re-entries around weekly lows and/or breakout and re-test of weekly highs.
Attached Image(s) (click to enlarge)
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  • #29
  • Jan 20, 2014 3:37am Jan 20, 2014 3:37am
Currency Strength/Weakness profiling for Week 4, Mon. 20th Jan. - to - Fri. 24th Jan. 2014.

1. -GBP
2. -EUR
3. -USD
4. -NZD
5. -CHF
6. -CAD
7. -AUD
8. -JPY

(1 = strongest; 8 = weakest).
  • #30
  • Jan 20, 2014 3:44am Jan 20, 2014 3:44am
Trading Plan for Week 4 Mon. 20th Jan - Fri. 24th Jan 2014.

1. Entries to be made only after Asia session on Tues. 21st Jan commences.
2. No trades to be taken after Asia session on Fri. 24th Jan closes.
3. Play GBP strength against JPY weakness.
4. Play GBP strength against AUD weakness.
5. Play GBP strength against CAD weakness.
7. Take particular note of high impact/ volatility News releases for GBP, JPY and CAD on WED 22nd Jan.
  • #31
  • Jan 25, 2014 6:08am Jan 25, 2014 6:08am
WEEK 4 TRADE REVIEWS

GBPJPY TRADE. -152 pips and -78 pips.
Attached Image (click to enlarge)
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  • #32
  • Jan 25, 2014 6:09am Jan 25, 2014 6:09am
WEEK 4 TRADE REVIEWS.

GBPAUD TRADE 479 pips.
Attached Image (click to enlarge)
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  • #33
  • Jan 25, 2014 6:11am Jan 25, 2014 6:11am
WEEK 4 TRADE REVIEWS.

GBPCAD TRADE 354 pips.
Attached Image (click to enlarge)
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  • #34
  • Jan 25, 2014 6:13am Jan 25, 2014 6:13am
WEEK 4 TRADE REVIEWS.

AUDCHF TRADE 648 pips.
Attached Image (click to enlarge)
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  • #35
  • Jan 25, 2014 6:15am Jan 25, 2014 6:15am
WEEK 4 TRADE REVIEWS.

CHFJPY TRADE -18pips.
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  • #36
  • Jan 25, 2014 6:31am Jan 25, 2014 6:31am
WEEK 4 SUMMARY.

-152
-78
+479
+354
+220
+193
+235
-18
TOTAL 1233 pips.

Lessons learnt include always wait for breakout of relevant support/resistance zone before pulling the trigger. If trade fails due to low volume or no follow through momentum, then wait for retest of relevant supply/demand zone to re enter.
  • #37
  • Edited 1:59am Jan 27, 2014 1:48am | Edited 1:59am
Currency Strength/Weakness profiling for Week 5, Mon. 27th Jan. - to - Fri. 31st Jan. 2014.

STRENGTH PROFILE
1. -GBP
2. -CHF
3. -EUR
4. -USD
5. -NZD
6. -JPY
7. -CAD
8. -AUD

RATE OF CHANGE
1. JPY
2. NZD
3. GBP
4. USD
5. CHF
6. EUR
7. AUD
8. CAD


(1 = strongest; 8 = weakest).
  • #38
  • Edited 2:16am Jan 27, 2014 2:05am | Edited 2:16am
Trading Plan for Week 5 Mon. 27th Jan - Fri. 31st Jan 2014.

1. Entries to be made only after Asia session on Tues. 28th Jan commences.
2. No trades to be taken after Asia session on Fri. 31st Jan closes.
3. Play GBP strength against CAD weakness.
4. Play GBP strength against AUD weakness.
5. Take particular note of high impact news/ volatility expected with FOMC statement on wed 29th Jan.
Attached Image(s) (click to enlarge)
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  • #39
  • Jan 28, 2014 3:14pm Jan 28, 2014 3:14pm
updated trading plan...
ROC Profile makes CADJPY look like a very high probability trade...
Attached Image (click to enlarge)
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  • #40
  • Feb 2, 2014 5:48pm Feb 2, 2014 5:48pm
WEEK 5 TRADE REVIEWS.
Apparently market stayed stuck in counter trend volume generation mode. Made a couple of emotional entries on GBPCAD and GBPAUD, but quickly closed for small loses. Simply didnt stick to the plan. Started incorporating Rate of Change profiling into my trading plan and so made some nice entries on CADJPY based on the ROC readings. These are still open.

GBPCAD -35pips, -8pips, -46pips.

GBPCAD -76pips.

CADJPY still open.
Attached Image(s) (click to enlarge)
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