chart attached
chart attached
Attachments
Moved stop to +23 pips
Stop now at 93.85
Sold at 94.08
Hoping to exit some at 93.00 and some at 91.20, but will see how things progress...
Attachments
Attachments
Attachments
stopped out, obviously at -117
Current trades
All trades except the USDCAD have been triggered
Sell USDCAD at 1.0843
Stop at 1.1085
Target 1: 1.0750
Target 2: 1.0600
Sell EURAUD at 1.6970
Stop at 1.7260
Target 1: 1.6870
Target 2: 1.6680
Buy AUDUSD at 0.8373
Stop at 0.8179
Target 1: 0.8460
Target 2: 0.8570
Buy AUDJPY at 80.58
Stop at 77.75
Target 1: 82.00
Target 2: 84.70
All trades except the USDCAD have been triggered
Sell USDCAD at 1.0843
Stop at 1.1085
Target 1: 1.0750
Target 2: 1.0600
Sell EURAUD at 1.6970
Stop at 1.7260
Target 1: 1.6870
Target 2: 1.6680
Buy AUDUSD at 0.8373
Stop at 0.8179
Target 1: 0.8460
Target 2: 0.8570
Buy AUDJPY at 80.58
Stop at 77.75
Target 1: 82.00
Target 2: 84.70
I have closed this for +135 pips, it may still get to 1.1100, but I just want to be flat before I go away for a few days.
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tryingtobeslavik
Newbie
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Hi FX Jake, could you go into further detail as to how you make your trading decisions? I Was looking at your recent CAD trade, and I'm not sure where the 1.0774 level comes from. As far as I can see, this is a 23.6% Fib (1.11/1.0671). Is this true? If so, any particular reason you think a break of this level is important. From what I see, the pair has been in a downtrend for a while that has recently stalled between the 1.1130 and 1.0630 level, so this looks like you are picking the range. The 1.09 level is the 50% retracement from that same fib which is why you're concerned. Let me know if I am reading you correctly.
Thanks for sharing your trades, it is really very helpful for all of us trying to learn this art!
Cheers!
Thanks for sharing your trades, it is really very helpful for all of us trying to learn this art!
Cheers!
USDCAD trade
Hi FX jake,
I've been following your thread for a while now and appreciate the time and effort you give sharing your trades.
I'm new to technical FX trading and have never copied your trades until this one as it matched my setup exactly.
I drew my s/r levels by eye and looked for price action above the support line and then used the daily pin bar as added rationale to play long..
do you do the same thing?
i read earlier in the thread that you find levels 'as you see them' and then play candle/price action around them..
however i have been trying to reverse engineer your trades and previously thought it may have something to do with calculated pivots and the swings through them?
thanks for all your advice so far..:smart:
joy
Hi FX jake,
I've been following your thread for a while now and appreciate the time and effort you give sharing your trades.
I'm new to technical FX trading and have never copied your trades until this one as it matched my setup exactly.
I drew my s/r levels by eye and looked for price action above the support line and then used the daily pin bar as added rationale to play long..
do you do the same thing?
i read earlier in the thread that you find levels 'as you see them' and then play candle/price action around them..
however i have been trying to reverse engineer your trades and previously thought it may have something to do with calculated pivots and the swings through them?
thanks for all your advice so far..:smart:
joy
Attachments
I have to go meet up with a friend who has just come into town, but will write more later, Joy, thanks for your questions.
I have orders to trade the EU session tonight, that is when I expect them to be triggered.
EURCAD
Sell at 1.5845
Stop at 1.5690
Target 1 1.5560
Target 2 1.5410
EURGBP
Sell at 0.8723
Stop at 0.8830
Target 1 0.8670
Target 2 0.8540
AUDNZD
Sell at 1.2243
Stop at 1.2478
Target 1 1.2200
Target 2 1.2140
EURAUD
Sell at 1.6835
Stop at 1.7010
Target 1 1.6740
Target 2 1.6400
p.s. The USDCAD went to the expected level, 1.0880-1.0890 and then reversed rather sharply, I would not hold this trade if you are still in it...
I have orders to trade the EU session tonight, that is when I expect them to be triggered.
EURCAD
Sell at 1.5845
Stop at 1.5690
Target 1 1.5560
Target 2 1.5410
EURGBP
Sell at 0.8723
Stop at 0.8830
Target 1 0.8670
Target 2 0.8540
AUDNZD
Sell at 1.2243
Stop at 1.2478
Target 1 1.2200
Target 2 1.2140
EURAUD
Sell at 1.6835
Stop at 1.7010
Target 1 1.6740
Target 2 1.6400
p.s. The USDCAD went to the expected level, 1.0880-1.0890 and then reversed rather sharply, I would not hold this trade if you are still in it...
Chart attached
