Brendan's Trading Ideas

[BrendanTTA]

Buy AUDUSD at 0.8400
Stop level at 0.8300
Target level at 0.8650

 

[BrendanTTA]

AUDUSD has spiked up very strongly since yesterday. We may see a correction due to profit taking. So we decide to close our AUDUSD trade now at 0.8527, profit is 127 pips. If you are trading 1 standard lot, 127 pips profit is equivalent to USD1,270.:clap:

Original trade:
Buy AUDUSD at 0.8400
Stop level at 0.8300
Target level at 0.8650

 

[BrendanTTA]

Yo, readers of my thread. I had been updating my trades for the past 1 year. I wonder if I should continue to do that for the next 1 year.

Have my trade signals benefited anyone? Have my readers learn something new?

I would love to hear your comments. Your comments will give me motivation to do my updates. :smart:

 

[BrendanTTA]

Sell AUDUSD at 0.8462
Stop level at 0.8600
Target level at 0.8300

 

[BrendanTTA]

Sell AUDUSD at 0.8462
Stop level at 0.8600
Target level at 0.8300

Close my AUDUSD trade at 0.8356, profit is 106 pips.

 

[BrendanTTA]

Shorted AUDUSD at 0.8319
Stop level at 0.8417
Target level at 0.8117

 

[BrendanTTA]

Shorted AUDUSD at 0.8319
Stop level at 0.8417
Target level at 0.8117

Stop triggered, loss is 98 pips.

 

[BrendanTTA]

Buy USDCHF at 1.1525
Stop level at 1.1430
Target level at 1.1700

 

[hornblower]

Stop triggered, loss is 98 pips.

Hi Brendan
can you please explain why you let this trade run to a 98 pip loss
after you had placed the order ,it started to go the wrong way
why not cut your losses at say 50 pips ?
and re enter ?

 

[BrendanTTA]

Hi Brendan
can you please explain why you let this trade run to a 98 pip loss
after you had placed the order ,it started to go the wrong way
why not cut your losses at say 50 pips ?
and re enter ?

As long as AUDUSD does not rise above 0.8550, AUDUSD still looks weak from charting point of view. I am still bearish on AUDUSD and may attempt to sell in future.

 

[BrendanTTA]

Buy USDCHF at 1.1525
Stop level at 1.1430
Target level at 1.1700

USDCHF is not going anywhere.
Closed my trade at 1.1550, profit is 25 pips.

 

[BrendanTTA]

We will have GREAT trading opportunities next week.

EURUSD had broken its support level. Based on Weekly chart, it is possible that EURUSD is going down to 1.00.

AUDUSD has head and shoulders formation formed and price is falling due to this formation. 50 EMA has just cut 200 EMA on the downside based on Daily chart. This could be start of downtrend for AUDUSD.

 

[BrendanTTA]

Buy AUDUSD at 0.8167
Stop level at 0.8070
Target level at 0.8270

 

[BrendanTTA]

I had entered this trade based on 1 proven indicators (usually use 2 proven indicators), so not very comfortable to hold this trade for too long. Decide to close this trade. Closed at 0.8200, profit is 33 pips.

 

[BrendanTTA]

Heard of central bank buys AUDUSD at around 0.8185.

 

[BrendanTTA]

Today European Central Bank is going to announce interest rate decision at 1145 GMT Hours (1 hour away).

We had heard of a large US fund house entering a huge EURUSD trade today. Maybe they know something in advance of this announcement. We had followed them in this trade.

 

[BrendanTTA]

Sell EurUsd at 1.2107
Stop level at 1.2207
Target level at 1.2000

 

[BrendanTTA]

Sell EurUsd at 1.2107
Stop level at 1.2207
Target level at 1.2000

Hit the stop, loss is 100 pips.

 

[hornblower]

Hit the stop, loss is 100 pips.

I just do not understand why you let this trade run down to 100 pips loss
why not cut your losses at say 50 pips
after all ,let your profits run
cut your loss early
please explain why do you not do this ?

 

[BrendanTTA]

Sell EURUSD at 1.2208
Stop level at 1.2308
Target level at 1.2000