Hi Ying
“The AUD/USD pair ran through fresh offers and plunged almost 140-pips after the Reserve Bank of Australia (RBA) unexpectedly slashed the benchmark interest rate by 25bps to a record low of 1.75%.”
(Fxstreet)
I’m closing my EURUSD, with suprising news like this. Market could get pretty chaotic, i’m sitting out for now.
Yeah saw that one, i noticed my strategy doesn’t work with AUD/USD and NZD/USD, these pair retrace too much and can give me a sensitive correction. Oh well, at least i knew my strategy works perfectly with EUR/USD. Man, i love this pair and i’m planning to get married with it.
I just won EUR/USD Trade 107pips from yesterday till today
Open price: 1.1488
limit gain: 1.1595
Lost in AUD/USD and NZD/USD
Current Equity: from $482 to $700
EUR/USD Short @ 1.1559 (Hi=1.1617/Low=1.152)
Stop @1.1594
limit @1.1497
The trend has reach the Pivot point of 1.1557
R1=1.1594 <===stop Loss
S1=1.1497 <===limit gain
S2=1.146
S3=1.14
Out @ 1.1554 <==went back to my opening price ( 5 pips won)
out @1.1521 grabbing insurance new total equity = $821
Asia Session May 4, 2016 (Hi=1.1509/Low=1.1477)
Current Price @ 1.1485
EUR/USD <== Has a pin in Daily Time Frame shows a bearish trend
Anyways my Forex Traders, lets go to my Resistance and support Daily Analysis (lets trade short waiting for confirmation in the Euro Session)
Daily Breakout below @ 1.1426
R3 =1.1544
R2 =1.1527
R1 =1.1512
Pivot Point =1.1495 <== stop loss for short
S1 =1.148 <==entry
S2 =1.1463 <== limit Target
S3 =1.1448 <== second targer (if market goes strong bearish)
Short @ 1.1484
EUR/USD
SL=1.1495
Limit @ Option A = 1.1463
Limit @ Option B = 1.1448
Hi Ying
tks for your signals, really good !
I’m still concerned about the pivot point (1.1494) as it might have correction it will uptrend, but i have place short already opened three trade.
2 at 1.1484
1 at 1.1492
all of them SL in 1.1512
If the Trend goes above 1.1502 i might need to think twice for correction
I guess it really needs to hit my stop loss, Euro session is still in bull
I setup another short for the pivot point 1.1494
It hit gain my pivot point, 1.1494 hmmm… it might probably just hit the R1 @ 1.1512
Not sure whats going on here but its still trading like consolidation after the Euro Market has opened and still no direction yet
Hi Ying . seems like you are trading a lot with pivot points . may I know how are you trying to use pivot points in your trading ? Thanks
Joe
yeah, my mistake i should have trade at somewhere in R1 or S1, anyway im seeing eur/usd trend down rapidly approaching 1.1426 <=== daily breakout point. I should have stayed my trading plan next time, there’s still a lot of space for the bear in the hourly time frame, when i saw it reached 1.1487, i felt calm down all my limit is set to 1.1426
Oh me gosh, it reach my margin… if this price continuous to 1.1496 (61.8% retracement in fibonacci) I am done and will take a rest for a month
Ok im still on the trade
All short 5 trades opened
@ 1.1494
@ 1.1484
@ 1.1480
@ 1.1473
@ 1.1469 <== Closed due to margin call went uptrend @ 1.1500
I have removed all my SL since i believed that it will reach the Day Breakout @ 1.1426