stopped out on GBP CAD.
maybe would be better to give the trade on the weekly chart more room to breath, as the weekly chart hasn't given bearish price action.
perhaps keeping a tight stop on the new position whilst retaining the original stop on the original position may be a way of giving the trade room to breath
maybe would be better to give the trade on the weekly chart more room to breath, as the weekly chart hasn't given bearish price action.
perhaps keeping a tight stop on the new position whilst retaining the original stop on the original position may be a way of giving the trade room to breath
Attachments
buy GBP/NZD
GBP pairs looking very bullish, found a strong bullish engulfing bar with this pair which I have bought into.
- moving averages crossed to upside
- bounce off trend line support
- bullish engulfing bar on daily chart
- daily close above 10 day EMA
- stop loss below low of bullish engulfing bar
GBP pairs looking very bullish, found a strong bullish engulfing bar with this pair which I have bought into.
- moving averages crossed to upside
- bounce off trend line support
- bullish engulfing bar on daily chart
- daily close above 10 day EMA
- stop loss below low of bullish engulfing bar
Attachments
USD/JPY waiting for bullish daily price action
a strong bullish pin bar on trend line support was formed over last week on the weekly chart.
the short term downtrend line on the daily chart has been crossed and I am now waiting this week for bullish price action on the daily chart so I can have a tighter stop loss rather than buying straight after last week's pin bar.
a strong bullish pin bar on trend line support was formed over last week on the weekly chart.
the short term downtrend line on the daily chart has been crossed and I am now waiting this week for bullish price action on the daily chart so I can have a tighter stop loss rather than buying straight after last week's pin bar.
Attachments
buy GBP/USD 14/7/15
I am cautious of being long on the pound on 2 pairs, however GBP USD closed yesterday with a very strong bullish engulfing candle after bouncing off channel support.
- clear higher highs and higher lows on weekly chart
- break of short term downtrend on daily chart
- bullish engulfing daily bar
- close above 10 day EMA and 20 day EMA
- stop loss below low of engulfing bar
profit target at opposite end of bullish channel roughly 1.598
I am cautious of being long on the pound on 2 pairs, however GBP USD closed yesterday with a very strong bullish engulfing candle after bouncing off channel support.
- clear higher highs and higher lows on weekly chart
- break of short term downtrend on daily chart
- bullish engulfing daily bar
- close above 10 day EMA and 20 day EMA
- stop loss below low of engulfing bar
profit target at opposite end of bullish channel roughly 1.598
Attachments
sell AUD/USD bearish engulfing
after a steep drop through weekly support this pair has been consolidating on the daily chart until it touched the 10 day EMA where a bearish engulfing bar took place today in line with the overall downtrend.
- daily bearish engulfing bar
- touched the 10 day EMA
- moving averages crossed to downside
after a steep drop through weekly support this pair has been consolidating on the daily chart until it touched the 10 day EMA where a bearish engulfing bar took place today in line with the overall downtrend.
- daily bearish engulfing bar
- touched the 10 day EMA
- moving averages crossed to downside
Attachments
Position update
Gold
- melting to the downside as predicted
- £173 in open profit
- looking to hold and add to position after more bearish price action
GBP/NZD
- lots of upwards price movement
- £98 in open profit
- adding to position on break of daily inside bar
GBP/USD
- uncertain price action
- £7.60 in open loss
- will close position if reversal price action takes place
AUD/USD
- inside bar formed on friday
- £3 in open profit
- holding position, expecting break of inside bar to downside
Gold
- melting to the downside as predicted
- £173 in open profit
- looking to hold and add to position after more bearish price action
GBP/NZD
- lots of upwards price movement
- £98 in open profit
- adding to position on break of daily inside bar
GBP/USD
- uncertain price action
- £7.60 in open loss
- will close position if reversal price action takes place
AUD/USD
- inside bar formed on friday
- £3 in open profit
- holding position, expecting break of inside bar to downside
Attachments
Close AUD/USD + Heineken trade
AUD/USD
- closed due to false break of the inside bar the other day
- looking for stronger bearish price action
- seeing whether closing trade prematurely was the correct decision or if holding original stop loss would have been the better decision
Heineken
- bought into this stock after the inside bar formation the other day
- however will sell on the market open due to a reversal signal on the daily chart
AUD/USD
- closed due to false break of the inside bar the other day
- looking for stronger bearish price action
- seeing whether closing trade prematurely was the correct decision or if holding original stop loss would have been the better decision
Heineken
- bought into this stock after the inside bar formation the other day
- however will sell on the market open due to a reversal signal on the daily chart
Attachments
NZD/USD sell + USD/CAD inside bar
NZD USD in very consistent downtrend with a bearish pin bar signal as a false break of the inside bar setup.
- bearish pin bar on 10 day EMA and trend line resistance
- stop loss above tail of pin bar
USD CAD in strong uptrend with today forming a inside par bin par
- pending order for buy on break of mother bar
- stop loss below tail of pin bar
NZD USD in very consistent downtrend with a bearish pin bar signal as a false break of the inside bar setup.
- bearish pin bar on 10 day EMA and trend line resistance
- stop loss above tail of pin bar
USD CAD in strong uptrend with today forming a inside par bin par
- pending order for buy on break of mother bar
- stop loss below tail of pin bar
Attachments
indeed, quite deep in profit
looking to add to position on strong bearish price action that meets the 10 day EMA
POSITION UPDATE sun 26th July: Gold, Heineken, GBP/NZD
Gold
- fairly deep in open profit
- expecting a retracement to the 10 day EMA where I will look for bearish price action to increase position
Heineken
- closing upon market open tomorrow due to the bearish pin bar for a small loss
- still bullish on this market and looking for reversal signals to the upside
GBP/NZD
- bit of chop on the daily chart after the large upwards movement
- still holding trade
- inside bar on the weekly chart implies more upward pressure on a break of the mother bar
Gold
- fairly deep in open profit
- expecting a retracement to the 10 day EMA where I will look for bearish price action to increase position
Heineken
- closing upon market open tomorrow due to the bearish pin bar for a small loss
- still bullish on this market and looking for reversal signals to the upside
GBP/NZD
- bit of chop on the daily chart after the large upwards movement
- still holding trade
- inside bar on the weekly chart implies more upward pressure on a break of the mother bar
Attachments
Eur/jpy, usd/cad, nzd/usd
EUR/JPY
- a bit shaken by this trade
- however an inside bar formed in last weeks price action signalling uncertainty
- no signal to close this trade on the weekly chart
- holding trade this week
USD/CAD
- closed the week with a minor bearish pin bar daily candle however not phased much by this
- aware that price is up to a major high from 2009 so I am cautious of a major reversal
- holding trade to the upside
NZD/USD
- little price action after entry on thursdays close
- trending nicely and a lot of room for expected downside
EUR/JPY
- a bit shaken by this trade
- however an inside bar formed in last weeks price action signalling uncertainty
- no signal to close this trade on the weekly chart
- holding trade this week
USD/CAD
- closed the week with a minor bearish pin bar daily candle however not phased much by this
- aware that price is up to a major high from 2009 so I am cautious of a major reversal
- holding trade to the upside
NZD/USD
- little price action after entry on thursdays close
- trending nicely and a lot of room for expected downside
Attachments
GBP/AUD long
decided to play AUD weakness on a GBP trade instead of another dollar strength trade.
- nice trend on daily chart
- close above previous high
- bullish hammer signal on weekly chart
- stop loss below the week's low
decided to play AUD weakness on a GBP trade instead of another dollar strength trade.
- nice trend on daily chart
- close above previous high
- bullish hammer signal on weekly chart
- stop loss below the week's low
