My trades (afterwork)

EUR/CHF something to look for. Entering on the retest of somewhere 1.07000. Nice round number. Could take some time though. I think I drew the descending trend line too steep though, waiting for further bullish hits into it to correct the angle. But just assuming the "to-be-broken-Demand-Area" will turn supply, the RRR looks nice (above 1:2). Let's see what happens.

Btw:
Technical analysis at its best. The week-end gap (yellow box) was caused by the Greek missing the payment to IMF over the week end. The gap downwards (strong demand for Swiss Francs) was caused by Save Heaven Capital Flows. And where did the gap land? Right in that f**king Demand Area..... I'm amazed

USD/CHF
New Supply Area to be watched.Not sure about Target yet.

The left blue box is an accumulation area that enabled the price to shoot up to the (dotted) Supply Zone The second blue box is a retest into that accumulation area. The fact that it did not move up to the initial zone (dotted) is to me an indicator that a new zone has formed, as we can see from the sharp down move at approx 0.97500.
Interestingly, the volume has been increasing on the up move from the first demand zone and relatively small low volume caused a major long lasting move. BUT the the highest volume (below the accumulation area) just caused a small move up RIGHT INTO THE SUPPLY AREA. Very nice.
I will short somewhere around 0.97500. This makes fundamental sense, since EUR/CHF looks bearish, too in the longer run.
This set-up is to be played with caution, since we expect high volatility around September 16th (FOMC-Meeting). If US Interest rates stay low, the bearish move will intensify, if the FED hikes the rate obv. it will be the opposite.
Honestly I hope to catch the move down at a 1:2 before the meeting.

GBP/USD
Overall to me it looks bearish i.e. one would get less USD for one's GBP. The Daily Candle of 28.08.2015 tapped dangeroulsy close into the demand area.

BUT:
H4 16h00 candle closed well above the area and the 20h00 candle made no strong down moves.

I think that H1 looks bearish, but to me we could see a bullish W-Pattern (yellow boy) so this is still a bullish setup off H1 in an overall bullish Daily Setup.
Maybe like this?

Why 1.55500 as a target? It would give an already nice RRR (like 1:2.33) even when getting in right now (without the retest of demand area) and honestly something in the 1.56000 is too far away and I don't want to be to greedy. But now that I think about it..... Looks tasty.

What I will do is delete the pending order though. No use in the near future I'd say. Level stays though.

AUD/CAD Weekly
Now to the H4:
Counter-trend Long opportunity?

Notice that EURUSD, GBP/USD &AUD/USD all look bearish, i.e. strong USD. Indication for a rate hike?

EUR/AUD Supply turning Demand?
No clue...

I'm tired. I will conclude the following setups:

USDCHF Short @ approx 0.97500
GBPUSD Long @ approx 1.53600 + Delete pending order.
AUDCAD Long @ whatever...

Hope I can place them tonight.

Nice trading bg_sunny

I wonder if these trades are placed on a demo or a live account?

GOLD Analysis
Weekly zoom out
Weekly zoom in and last levels.
Daily


I'm definitely shorting this thing but where to enter? no idea...
H4


What a shit show. I have no clue how to read this chart. AAhhhhhhhh

Current situation USD
and Points

Did I miss the entry or will it still go up there?

AUD/CAD Long went wrong. Loss: USD 100.77
EUR/USD cut it at profit. Dunno why, just felt it. Maybe I was wrong. Profit: USD 240.30

NZDUSD Closed. Profit USD 232.35

GBPUSD. IS it going to work? Looks bad.

Current situation + stats so far:

Today Loss: USD 139.32,
2 losing trades, one S/L, other manually (didn't feel right)

Did you stop updating your journal?

One loss on USD and re-entry sell again. Bad timing and currently negative but I'm convinced of the short. Nevertheeless I'm biased since I have an open position and might not see the obvious stupidity of this decision.
I think I will have two MT4s open from now on. One with the trades in it and one just for charting. If on clean chart the direction is still the same as on the trade-showing chart, then I will keep it. I have to protect myself from myself.

Loss yesterday: USD 91.60
New position. I think it will go down again and that the price right now is high and re-entering looks good, too. Rule: Never add to a losing position. Especially if you are inexperienced as I am.



Added a Gold trade:

Current situation Deposit currency:
Current situation Points:

Profit so far: 11.20%
Maximum Drawdown: 7.46%
Ratio Profit/Max. DD: 11.20/7.46 = 1.50. I'd like to achieve 2
Profit factor of 1.6-1.8/2.0 is what I'd like to achieve one day.
And all that over a sample size of 2000 trades. That would be awesome.

"It's a long way to the top if you wanna rock'n'roll."

A bit late to the party
S&P500