Archive for September, 2012

USD/CAD 9.28.12 – 929am

Friday, September 28th, 2012

Long (#40 m5) with SL below recent low doji candle (-16pips). Tgt @ 76Fib (1h see below) +10pips. Good on #41  also, SL is also below 75MA and right at the bottom 5% off bullish candle that breached the 75 second time.

fullscreen-capture-9282012-93304-ambmp.jpg

fullscreen-capture-9282012-93251-ambmp.jpg

943am

SL moved to breakeven.

949am

Out with Gain of +3.2pips

fullscreen-capture-9282012-94931-ambmp.jpg

fullscreen-capture-9282012-95023-ambmp.jpg

USD/JPY 9.27.12 – 1211PM

Thursday, September 27th, 2012

Short (#40 – 30m) with SL (-8pips). Went in due to trending down steady and breached 1-2a on 5m. SL also within 50% of #41. This gave me more confidence of this trade working out.

fullscreen-capture-9272012-121028-pmbmp.jpg

729pm

GAIN +2P

GBP/USD 9.27.12 – 843am

Thursday, September 27th, 2012

Long (#40) with SL below last full candle (if the price closes halfway to this up candle its a bearish sign). Tgt not set yet because I am assuming its the am and it can have a huge run up (remembering no greed) so once its crossed +10pips I will bring SL up.

fullscreen-capture-9272012-84307-ambmp.jpg

858am

Up +12pips moved SL to breakeven (got to protect what I gained earlier).

907am

Stopped out with +0.2pips.

NZD/USD 9.26.12 – 523PM

Wednesday, September 26th, 2012

I am going on long on this (#41) and my SL will below the 75ema (-12pips). My Tgt is +43pips (latest resistance on the hourly chart).

fullscreen-capture-9262012-52631-pmbmp.jpg

956pm

I checked this trade with the (#40) on time frames of 1m, 5m, 15m, 30m, 1h, 4h, 1d and it was all bullish so I continue to stay in this trade and as of now the trade is up +18pips.

Thursday 9.27.12 –  552am

TRADE CLOSED WITH GAIN OF  +39pips

fullscreen-capture-9272012-85006-ambmp.jpg

GBP/USD (My 1st blog entry)

Tuesday, September 18th, 2012

348pm

This pair is currently in a range, the bottom was set Friday 9.14.12 – 8am and the top  Monday 9.17.12 11am. We need to break out of this range before a trade should be placed.

Here is an hourly chart:

fullscreen-capture-9182012-35415-pmbmp.jpg

USD/JPY 9.18.12 – 521PM

Tuesday, September 18th, 2012

Pair is running into resistance line on the daily chart, a line that dates back to 3.21.12.

fullscreen-capture-9182012-52038-pmbmp.jpg

On the 4hr chart the price has broken thru it with a very bullish candle but has run into the Daily horizontal resistance.

fullscreen-capture-9182012-52331-pmbmp.jpg

On the next 4hr chart the price found support on the 200MA and is above it, indication a bullish move but this move may not last and may fill on this (5-9pm) candle or even the (9pm-1am) but may reverse over-night and make a run in the AM. The run-up to the 79.00 area is 20pips away and the next daily resistance is at 79.143.

fullscreen-capture-9182012-52544-pmbmp.jpg

Wednesday 9.19.12 – 916am

Re-analysis of this pair, since it ran up last night which I thought it would’ve done this morning but also it has retraced most of it back. Looking at this hourly chart and having the S/R lines drawn in pink I think we should see a bounce of the thicker Pink line now when this market opens.

fullscreen-capture-9192012-91502-ambmp.jpg

WEDNESDAY – 159PM

After re-analyzing this pair I see this continuing its down trend (look at daily graph above). Looking at the 1hr the Fib pull back is just 23% and that is where my SL can go (-14pips away). Also, the /DX is looking like its reversing (see very bearish candle in chart below).

fullscreen-capture-9192012-15845-pmbmp.jpg

fullscreen-capture-9192012-15828-pmbmp.jpg

TRADE – 204PM – WENT SHORT WITH SL AT -11PIPS.

Loss – 821pm – (-12.3pips)

WEDNESDAY 949PM

Even tho I got stopped out, the price turned back from peaking where my stop was. Pair has been up-trending (look at chart below) but looks to me as it will fall again, maybe over-night it may run-up and then again like today (Wednesday) morning we should see it trough around 11am. I think the bold pink line is now resistance.

fullscreen-capture-9192012-95256-pmbmp.jpg

THURSDAY 9.20.12 – 815AM

Went short with (-11pips) SL

fullscreen-capture-9202012-81637-ambmp.jpg

Loss – 1039am – (-10.3pips)