Tuesday, August 10, 2010
#4
#4: Anddd the euro moved even higher...i had my weekly pivot at 24 area, and sure enough we got yellow and a stall just above at 25/26..i shorted at 24 and held knowing this would probly be a key area...exit was at 19 probly calling it a session
#3
Interest Rate Statement
Didn't trade this morning as I knew the interest rate statement would provide some nice moves in the afternoon..therefore I worked at the marina in the morning so I could be around the computers in the afternoon..anyway here goes:
#1: A huge spike up after the announcement..once the move looked a bit exhausted I shorted on price action (pause and step below the tma)...out for a few 77 to 74
#2: After the huge move up was expecting some continuation...hopped in at 50 and it hovered here for a bit before breaking back up..love these trades as they are smooth sailing..50 buy and a 67 exit
Monday, July 26, 2010
#2
#1
slower market today to start the week...it only picked up towards the end of my trading session however i was heading out so only a couple trades today..
#1: intraday trend was up on the 5min chart, got the green/yellow on the throwing for the buy...in and it went against me for a few, probably should have waited till the 5min 50 which was just below..anyway held on and grabbed a pip or so
Friday, July 23, 2010
#8
#8: now we are retracing...this is the hp setup as i am waiting for the throwing to signal red/yellow meaning hop back in the short..it pushed up kind of sharply so i took my first half-position as we got under the tma, knowing that i would look to add my other half at the 'zone' (10ema on the 5min candlestick chart)..it got up to here to i added the other half..first was at 24 the other at 33 giving me an average of 28.5..then waited as price curled around and dropped off..exited at 21 for another 7 awesome day today up over 20 pips and that included a 10 pip loss..back in action next week
#6+7
#3,4+5
#3: moving down further and i had identified the next area for a bounce around 60 which was my daily pivot..twice before in the european session there had been a nice bounce at this area..price pushed down hard and i hopped in at 57 expecting a bounce..instead, it stalled and then tanked even further..obviously intraday trend had definitely shifted to south so i looked to exit this trade at a minimal loss...it kept down tho and showed no signs of bouncing up..once i had recognized that it was setting up for another push down, i exited this trade for a loss of 10 pips..sometimes they happen..
#4: got the price action setup and so after exiting the loss i opened a short looking for another push down..it danced around a bit and then bam! dropped off alot, i grabbed 13 on this (44 to 31) but it fell and gave alot more..sweet trade
#5: took a half position looking for a bounce as price stalled and then added as it got above the tma and bounced off the weekly pivot at 05..grabbed about 3
#1+2
#1: up and ready this morning...eu had risen in the european session after some news was released...it is moving a bit lower now tho so i picked out the 05 area as my 15min 50sma which is usually good for a bounce...i got the push to this area and hopped in the buy for a couple pips..
#2: after exiting my bounce trade I recognized the price action setup for a push in the direction of the momentum..sometimes these can give alot of pips however i only took a couple as the move looked like it had stalled
Thursday, July 22, 2010
Asian session
Decided I'm going to make the extra effort to post even though my time is limited these days..trading has been going decently, still taking the same setups..last couple days have been around in the Asian trading session so have taken some trades...this evening I took this one..after the initial push up I was expecting momentum to carry us up a bit again...had to hold through the drawdown as it went a bit against me but had a feeling we would fly back up and was rewarded for my patience..back in action in the morning we'll see what unfolds..
Thursday, July 1, 2010
Wednesday, June 23, 2010
Update
I have had no time to post in the last week and a half..as mentioned before, I help a friend of mine at his boat and jet-ski rental business, and as the weather has been so good the last 2 weeks here he has been super busy. Most weekdays consist of trading from about 9am-12.30pm then I immediately head down to the marina for 1pm..I hope to get back posting soon..
Friday, June 11, 2010
#2
#2: JUst after news and we are pushing down...i like to wait on the initial push then watch price action...it looks as tho we are coming up a bit for another push down..this is a textbook entry as this price pattern repeats numerous times, i just waited for price action to indicate the push lower was coming again, and i got in and out for some solid pips...wish every day was this straightforward..anyway thats it for this week as i have to head out...good weekend to all
#1
Have traded the last couple days but no time to post...here are my trades from today..gotta love when trades work out as planned
#1: just before news and i got in a short as i saw resistance forming on my chart...u can see price tried and failed around the 50 area 3 or 4 times..my stop loss would have been if price went thru this area and broke it, but it didnt and i held to grab the profit
Tuesday, June 8, 2010
#2
#1
Monday, June 7, 2010
#3
#2
#2: as usual, looking for a pullback to short into the move down..got the signal and in on the red/yellow...i had a couple pips profit but held onto the trade thinking we were surely going to get a push down...instead we turned and moved higher, i had to exit this trade as it broke past my entry..as mentioned there is no definite intraday trend here, pushes down are followed by bounces rite back up...tough to take a loss on one of my preferred setups but they happen, have to trust my setups and keep taking them..
#1
Been super busy the last few days...trading every day however no time to save and post screenshots..I will post whenever I have the chance tho..
Traded today with the Euro down at fresh lows..there was no real trend direction as it was very choppy, some instances looking like it wanted to drop but then turning and reversing upwards..
#1: traded a continuation of the downward push that was happening just after the u.s. stock markets opened..in and out for a few with the spine acting as resistance and the price action indicating we would move firther downwards for a few pips
Thursday, June 3, 2010
#4
#4: Wasn't looking to take any more trades as I was up on the session and had to head out in the afternoon to help out at my friend's boat rental business...saw this signal on the retracement and i grabbed it and held knowing the trend was down..good for a few more pips and I'm done..heading out to spend the afternoon in the sun
#2+3
#1
Wednesday, June 2, 2010
#3
#3: On the retrace now the trend is still down, so again looking for the red/yellow signal to hop in a short...indicator gave the signal and i waited till the whole number 1.2200 then entered a short looking for a few pips...grabbed 4.5 quick ones and that was the extent of my day, stuck around to follow things but nothing else jumped out at me and i was already in good profit so no need to chase mediocre trades..back at it tomorrow
#2
#2: My preferred setup is when we get a push and the price action retraces a bit to the spine (white line in the rainbow). Depending on price action I usually time an entry in the direction of the initial push, knowing that momentum is down and we could at least revisit the lows of the initial push, often more..as shown in this trade, we pushed down, then retraced..price never held above the spine on the retracement, so i hopped in looking for a test of the low again which i got..stress-free and some nice pips
#1
Tuesday, June 1, 2010
Tuesday
Crazy day of trading today with the euro hitting a new low in the european session only to soar and totally reverse during the u.s. session...I did not have time to save screenshots and post them as I had to run after trading today (I help a friend at his boat and jet-ski rental business)...back at it tomorrow
Monday, May 31, 2010
#3
#3: now moving back up i am looking for my usual HP signal, in this case it will be a red/yellow to short in the direction of the trend...got it at a previous area of resistance around 88...hopped in and had to wait as again, the market is slower so moves are taking longer to develop..eventually dropped nicely and i exited for +5 will call it a day
#2
#2: getting a move lower, not a real strong one but enough to create an intraday trend..i had support at the 82 level and got in just under it...had to wait this one out a bit as it fell a few pips more...finally got the bounce i closed for a pip or so...in a slower market like today bounce trades are a bit riskier as price can continute to slide rather that bounce back..looking for a short now to hop in with the trend..
#1
Friday, May 28, 2010
#3
#3: A little later in the session and we had a huge drop in the euro...i was eating lunch however it just dropped rite off..i waited for the retrace and got a yellow signal to sell...hopped in and out for a couple pips, only to watch it fall another 20+...ah well it has been a solid week i will take my pips and call it a day
#2
#1
Yesterday's trading
Had quite a few trades yesterday...one loss however managed to finish positive for the session by a couple pips..
Wednesday, May 26, 2010
#2+3
#1
#1: the euro is pushing down hard after the news this morning..i was looking for bounce entries but never really felt confident in them bcoz we were moving down so hard...instead i waited for the hp pullback trade...got red and yellow on the throwing and hopped in..had to wait a bit for the move to continue down and was paid nicely +9.8 pips...
Trading
I have been trading however haven't had time to post much as busy doing other stuff as well..the euro is still pretty low and many of the global markets are experiencing high levels of volatility..I'll be updating whenever I can..
Thursday, May 20, 2010
#3
#3: pushing down even further...waited for a stall and got it just below the 2300 area, usually good for a bounce at the 00 area so i was in and held for a few again...solid day gotta love the volatility associated with these trading conditions...they can be dangerous tho if ur not careful..back tmr
#1+2
No real trend established on the eu even after this morning's news...the u.s. markets were all selling off so as the eu started to show signs of shorts coming into play, I was looking at the 19 area as key (my daily pivot and previously had been bounces here more than once)
#1: price pushing down and as expected, stalled at the 19 area for a buy...yellow and in for a few
#2: on the bounce up i shorted into the downmove and got out just above the 19 area..sweet move
Tuesday, May 18, 2010
Euro meltdown
Back at my computer this afternoon as the Euro is tanking hard...took a couple more trades other than the one posted however didnt save the screenshots..it will be an interesting rest of the week as we see how low this drops..definitely some rare and volatile trading environments these days..
#1
Monday, May 17, 2010
#2
#1
Just a couple trades today after news....the Euro tanked last night in the Asian session and, for most of the European session has been retracing..my overall bias is short so I'm weary of jumping in any long trades for the moment..
#1: got yellow as the Euro is pushing up after the news...pure price action trade means in on the step below tma and out for a few pips..
Friday, May 14, 2010
#1
#1: Euro moving lower later in the session today, broke recent support levels...got in on a bust down thru the 2400 level...waited on price action for a move back up..price action very volatile as expected down here..smooth trade for an easy 11..solid weak didnt take as many trades as normal but waited for ideal setups..back at it next week
Thursday, May 13, 2010
#1
Wednesday, May 12, 2010
#1+2
#1: Been waiting around allll morning for some good moves on the Euro however they haven't come...managed these two trades within 10 minutes...first was a buy off a push down off the 15min 50sma for a bounce..
#2: then immediately shorted looking for a move back down again...both trades worked out as planned..
Tuesday, May 11, 2010
#1
Monday, May 10, 2010
#1
#1: and the madness continues...the dow jones opened up 400 points today which is amazing..today i am stopping after this one trade for a winner as i do not trust any move rite now, it is all a bit haywire and i'll wait for things to settle a bit..im watching the euro jump all over the place so i'll be happy with my few pips on this trade and done...just caught a bounce after a strong down move..time to hit the golf course haha
Saturday, May 8, 2010
Friday #2
Friday's Trades
Trades from Friday after the U.S. employment numbers....the market is very volatile rite now so I stopped trading as soon as I had grabbed these two solid trades..more than enough pips for today so I'm calling it an early weekend...
#1: rite after the news got a huge push down then a pullback and i hopped in looking for a push down again...grabbed over 10pips sweet
Thursday, May 6, 2010
#4+5
#4: getting a move up or retrace...yellow signal came to short and i hopped in but had to exit for a loss as the momentum carried price even further up...
#5: waited on the 50sma which was just above to short it and got back just over a pip of the loss, however did not manage the trade well as it continued lower..it was looking as tho it would push up again so i pulled the plug..decent day tho there were plenty more pips on the table..the euro is dropping hard and showing no signs of slowing rite now so we'll see what happens tomorrow
#3
#1
#1: well the euro has been sold off for most of this week..today is no exception so i am looking at taking short signals for some pips...here is the classic red/yellow to short however i missed...i did take a further push down a bit later for a few pips..typical rainbow formation with a pullback then out comes the flame for another move down
Thursday
Internet issues have kept me out of the market for the last 2 days...I am actually borrowing someone's internet to trade today...the Euro has sold off considerably and I am looking to take advantage of the weakness..will start trading momentarily..
Tuesday, May 4, 2010
Back in Action
Back home after 2 weeks of travelling and other commitments..the euro has been all over the place (mostly down tho lol) with all the Greece news etc so I'm looking to hit the markets hard for the month of May...
#1: here's my first trade today just after news at 11am..we were down big on the euro overnite in london so looking at shorts..grabbed this on a spike and stayed the course for about 5 pips
Saturday, April 17, 2010
Traded Thurs and Fri however did not have time to save screenshots of trades. Managed a few pips each session...for the remainder of April I will be travelling and busy with prior commitments...my trading will be limited and my posting will be limited as well...thanks for the patience and understanding and i wish everyone the best with their trading etc...i should be back posting regularly from May onwards..
Thursday, April 15, 2010
Trade from yesterday
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