Archive for October, 2012

AUD/USD Wednesday 10.31.12 1200pm

Wednesday, October 31st, 2012

Long #41 (DP)

SL -18p (since it had run up a few pips so quickly I had to go in at that time and that is the price I paid and SL was right below the signal candle, thus it being 18 instead of 17).

Tgt 34p (the actual length of the signal candle was 17 thus that is equal to 2x 17).

1202

Realized that I hadn’t checked the RSI before buying and when I checked it it was at 47.05. I realized this trade was no good and got out of it with a quick loss.

Loss -4.3p

EUR/USD Tuesday 10.30.12 918am

Tuesday, October 30th, 2012

Long #41 and #26h4

SL 19p (should’ve been 23p; 20p for candle and 3p for late entry which already run up that much)

Went in late, 918 is late for this candle.

1235pm

It peaked and I realize that my Tgt might have been 1p too high.

505pm

It closed under the 5MA a couple of candles and I checked on bak-tst for this and it looks I will stop out.

720p

It came back above the 5MA and after my trade being (-12p) it is now breakeven.

906pm

Took loss manually (saw this trending down and that it would hit my SL. Which it did before rallying to past my Tgt over-night but pair would’ve reached down to grab my SL and then rally so I would’ve lost 19p, so I saved.)

Loss -7.3p (originally -19p)

GBP/USD Tuesday 10.30.12 710am

Tuesday, October 30th, 2012

Long #41 and DP, SL -17p (originally -19, below signal candle but when I went in I got a better deal).

Set price alert 19p away

Tgt =38p

706pm

Moved SL to +0.2p

905pm

SL triggered

Gain +0.3p

USD/CAD Thursday 10.11.12 915am

Thursday, October 11th, 2012

Long #41, SL above current 1h candle (one candle after signal candle) -18p.

Tgt 8p (remainder of the 20p from signal candle)

947am

Loss -17.7p

Went in late trying to get the remainder pips of the signal candle, be careful next time.

EUR/GBP Wednesday 10.10.12 505pm

Wednesday, October 10th, 2012

Short #41, SL -15p, Tgt 13p

616pm

Analyzing exit with #40 m1, m5. Lower low’s and hi’s.

SL to breakeven (above 6pm this hour’s candle high). Tgt taken lower

748pm

Used #40 m1, when higher high’s came is when I lowered my SL to last high.

Gain +6.6p

EUR/GBP Wednesday 10.10.12 320pm

Wednesday, October 10th, 2012

Long #41, SL -9

Went in since it had broken 75ma and the price was lower than the signal candle thinking its a good deal.

447pm

Loss (-8.5p)

Mistake: From the signal candle the target of 7p was already hit before this candle.

AUD/USD Thursday 10.4.12 1030pm

Thursday, October 4th, 2012

Long (#41 h1), SL (-24p) under signal candle (9m).

Back-tested and this looks like a good trade.

Checked 4h and 1D S/R.

Went in on #40 m5 at Sto. cross

Tgt. at 4h R (possible to get +55p from here since its Thursday and 3 4h candles can do that realistically.

Friday 424am

LOSS (-26P)

Becareful of MACD crossovers under 0 and over-night trades, also the NFP payroll was due out this morning @830am so keep High priority economics reports on tab.

GBP/USD Thursday 10.4.12 1038am

Thursday, October 4th, 2012

Long (#41 1h), SL under signal 1h (8am) candle (-37p). Didn’t go in until 10am candle (this candle was green and the 9am candle was red but less than halfway into the signal candle). I look at the Daily S/R and also the hourly to see if there is any resistance there (since I didn’t have a Tgt).

1243pm

GAIN +43P

EUR/AUD Wednesday 10.3.12 106pm

Wednesday, October 3rd, 2012

Short: #26 m30 / m5. SL above recent high (-18p)

151pm

Loss (-17.5p)

Watch going against the trend.

USD/CHF Wednesday 10.3.12 842am

Wednesday, October 3rd, 2012

Long: #41 h1, broke 75 and BB @ 6am candle but was only 5pips away from right now price.

No resistance on 4h Daily or 4h.

200MA +12pips away.

#26  30m, MAs crossed at 730am but Sto. not in oversold yet.

SL (-12p), since the signal candle on #41 h1 is a few candles away I will not place my stop according to that (which would be -21p away). So my stop is placed under this hours candle (9am).

1015AM

LOSS (-12.9P)

Stay away from pairs close to their 200MA, don’t assume they will break above, it may happen but the risk it too high that they won’t.