There is probably an issue with photo posts as they do not display in activity feed, so I will use this blog for that purpose ;)
I entered two trades today on GBPCAD and AUDCAD. The plan was to cover some previous days loosing trades and so I cashed in too early.
GBPCAD - long
AUDCAD - long
If you want to know more about the strategy used, you have to sign in and talk to any forexmospherian =)
Regards,
Daniel
Daniel Stasziek - trading since 2009. If you want to start trading, I suggest you follow the general advice: "run very quickly, the other way."
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"Keep a Record of the Business or Currency Pair Traded. Reasons why the Trade was taken. When was the Exit. How and why the Trade turned out the way it did"
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"Yes, the truth requires neither our belief nor understanding. However to harness truth and apply it for our benefit we must at a minimum allow that it is possible".
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"I figured this was a legitimate break, so I went on the hunt for evidence, so here in succession is the list of clues I used to make my decision:
Rejection of market and weekly pivot at ema confluence.
Complete and broken head and shoulders on 1hr time frame.
Broadening formation on daily with test and rejection of 200 day ma
Bull hinge on daily and Renko stochastic.
Positive momentum on 5min, 1hr, 4hr and daily chart"
"Remember that all models are wrong; the practical question is how wrong do they have to be to not be useful" - George E. P. Box
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Sometimes you Learn".
"Forex Market analysis relies on two types of analysis much like Stock Markets:
Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more."
"Short rapid bursts and quick glimpses of an entry, trigger activated, trail in place and exit strategy and plan already set. Within a blink of an eye, instinctively the buy/sell button is pushed. The hammer falls and clanks decisively, echoing, sparking, like steel upon steel and the trade is executed. A Traders heart beats on with perfect set up, closely aligned with strict parameters, ready to continue the attack or recoil on a wire. Wrap the profit and then stand down, ready for the next hunt"
"When we are talking about sentiment it is very hard to say that this sentiment will prevail another 6, 9, 13 hours. Sentiment is not a constant line. Main trend is bearish, tech picture on daily is bearish, even intraday neutral. Nobody restrict to play long eur short usd position with the target at 1.12 or even 1.1361, this is every traders individual choice as always"
Comments
It was Japan bank holiday today, but it does not keep me away atm from yen pairs. Currently watching AUDJPY to sell under 81.65 and GBPCHF to buy above 1.3425.
Good luck traders =)
AY held .50 with inv H/S not so good going short as it is like going with your head against a wall, but on the other hand, more odds to the downside. So I am in.
Stopped out.
RR1:1 reached, that was quick =))
Some strong refusals of that predetermined area, out with RRR1.5
nice trading Daniel
Thank you Viktor I had a nice signal today on AUDCH, but was so fast move I did not have time to share. I will try next time to do better=)
Bank Holidays on Friday in many countries. And so I do expect some very nice moves tomorrow cuz it is always wild market when end of month and end of week confluence like this)))
Waiting for long above 1.233 on E/U? Anybody too? =)))
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