Trade Notes/2

Hello folks. I am starting this thread to share my trades and trading view. I hope it will help you and me.

TEMPLATE:

* 5ema, 8sma, 21ema, 72ema, 200ema
* Stochastic (8,3,5)
* Round Numbers (00-50)

EDIT-11/04/2015

Technical Rules :

* H1 Momentum (5/8 Cross)
* H1 Reject Bar From 5ema
* 15m or 30m reject bar from 21ema
* 5m candle that breaks 5m-21ema
* INITIAL STOPLOSS: 30 pip
* CUT THE LOSS: 5m candle re-breaks 21ema
* PROFIT: 25-50 pip

Money Management Rules :

* Daily loss limit: %4 (40pip)

EDIT-04/04/2015

Technical Rules :

* H1 Momentum (5/8 Cross)
* H1 Reject Bar From 5ema
* 15m or 30m reject bar from 21ema
* 5m candle that breaks 5m-21ema
* INITIAL STOPLOSS: 30 pip
* CUT THE LOSS: 5m candle re-breaks 21ema
* PROFIT: 25-50 pip

Money Management Rules :

* Daily loss limit: %5 (50pip)

EDIT-01/04/2015

Rules are almost same:

1-) H1 Momentum is a must (speed is good)
2-) H1 Reject Bar is a must (pin is good)
3-) You must see a 15m or 30m reject bar from 21ema (pins are good)
4-) Last confirmation for entry is a bullish or bearish 5m candle that breaks 5m-21ema

Another EurUsd trade. H1 speed is good. There is a little H1 momentum. 15m speed is good. Price rejected H1 21ema with a pin bar. We see price rejecting 15m 21ema with a good pin bar. At final step, we catch a good bearish full candle on 5m chart. Stoploss is a few pips above 5m bearish candle.

Same criterion for entry is valid for this position. H1 speed and momentum analyisis shows that there is a trend. 21ema is resistance for price. Down on 15m charts we see candle rejects 21ema. Finally 5m bearish candle comes.

Another EurUsd trade. Same approach is valid for this trade too. I use top-down analysis. Starting with H1 charts I try to define a trend using speed (21ema and 72ema) and momentum (5ema and 8sma), then down to 15m charts to find other clues such as pin on 15m-21ema and finally 5m trigger candle.

Another entry analysis on EU charts. This time there is no speed between H1-21ema and H1-72ema, but momentum between 5ema and 8sma is so strong that speed is inevitable. Furthermore other technical methods such as higher high and role reversal (previous resistance becomes support after broken) analysis is supporting that H1 momentum will continue upward.

Till now I only focused on entry, but there are more important things than entry in trading. One of them, maybe most important one, is cutting the loss immidiately. I use 5m charts to decide if I am wrong about my analysis. If 5m candle obviously closes at the other side of 5m-21ema after entry I am wrong and close my posistion with a loss. Forget about little losses and focus on another trade.

Another trade sample. I am only posting the strong signals. Of course there are a lot of wrong signals on charts that create loss trades. Trading is not only about charts, emas or signals. A trader should also know other things such as fundamental analysis, news, market opens etc. But these are not subjects of this thread. I am only trying to focus on entries with minimum risk and find a consept that can be used as standart.

Same principle on GbpUsd charts. Nearly a few minutes around EU also gave a signal at the same day. EU, GU, AudUsd, UsdCad, EJ, GJ generally move altogether. If you miss one of them you can catch another one . H1 and H4 charts are very important for day-trading. First you should define a trend on H1 or H4 charts. To do this I use speed and momentum. Then down to 15m charts to find a 21ema reject. Finally 5m charts to confirm the whole analysis.

EurJpy trade. H1 trend is obvious. Price can break nor H1-5ema neighter 15m-21ema. I see pin bars against these moving averages on both H1 and 15m charts. Finally 5m bearish trigger candle comes after 15m pin bar.

When H1 trend is on the chart, there can be more than one signals on the charts at the same day. Here is another trade opportunity at the same day with the previous post's trade. EurJpy is very bearish as seen on H1 speed and momentum. Asian traders sold it first, then London traders, and finally NewYorkers pull price to the south.

The third trade opportunity at the same day for EurJpy for New York session. Same principle, same approach, same good trade. But I have to admit that this trade was riskier than its predecessors with its 25 pip stoploss level.

This morning trade. Same principle is valid. GbpJpy-H1 charts were looking bearish. H1 speed and momentum were downside. H1 5ema rejection was on the stage. Then 15m-21ema rejection came too. 5m bearish trigger candle let me short. Unfortunately it didn't break the support and closed 12pip loss.

Today's GppJpy trade. There was no speed on H1 charts but momentum made a higher high and price rejected H1-5ema, then a perfect pin on 15m-21ema, finally 5m bullish candle.

EurNzd trade of today. Charts were correlated with EU. H1 momentum with higher high. H1-5ema rejection. 15m rejected 21ema with a pin. 5m bullish candle let me long.

EU short.

Eurcad short

GU long

GJ short

Edit: Closed because of the news.

CadJpy short

CadJpy short.