Chart
Weekend gap. I’m currently up by 643 pips. I open new pending sell order at the next level and partially close position 2 for some profits. I let position 1 as it is since position 3 initial risk is only 2%. All SLs are lowered accordingly.
Balance: $1.231,37
Position 1, Sell: 1.6553, SL: 1.6318, risk: 0%
Position 2, Sell: 1.6436, SL: 1.6318, risk: 0%
Position 3, Sell: 1.6318, SL: 1.6318, risk: 0%
Pending Buy: 1.6553, SL: 1.6436, risk: 5%
Sell: 1.6200, SL: 1.6318, risk: 5%
Update: 8/9/14
Balance: $1.231,37
Position 1, Sell: 1.6553, SL: 1.6259, risk: 0%
Position 2, Sell: 1.6436, SL: 1.6259, risk: 0%
Position 3, Sell: 1.6318, SL: 1.6259, risk: 0%
Position 4, Sell: 1.6200, SL: 1.6259, risk: 2.5%
Current pips : 922
Pending Buy: 1.6318, SL: 1.6200, risk: 5%
Sell: 1.6083, SL: 1.6200, risk: 5%
Pending order got taken, SLs and buy order adjusted. Nite, everyone.
Update: 9/9/14
Balance: $1.261,97
Position 1, Sell: 1.6553, SL: 1.6194, risk: 0%
Position 2, Sell: 1.6436, SL: 1.6194, risk: 0%
Position 3, Sell: 1.6318, SL: 1.6194, risk: 0%
Position 4, Sell: 1.6200, SL: 1.6194, risk: 0%
Position 5, Sell: 1.6083, SL: 1.6200, risk: 5%
Current pips : 1141
Pending Buy: 1.6318, SL: 1.6200, risk: 5%
Sell: 1.5965, SL: 1.6083, risk: 5%
I partially close position 4 as position 5 is triggered. Later today, I see no significant activity as a possible doji starts to form. I notice that AUD and CAD weaken today, and I think perhaps that’s what causing GBP’s temporary strength.
Update: 10/9/14
Balance: $1.396,97
Position 1, Sell: 1.6553, SL: 1.6194, risk: 0%
Position 2, Sell: 1.6436, SL: 1.6194, risk: 0%
Position 3, Sell: 1.6318, SL: 1.6194, risk: 0%
Position 4, Sell: 1.6200, SL: 1.6194, risk: 0%
Position 5, Sell: 1.6083, SL: 1.6200, risk: 5%
Current pips : 1141
Pending Buy: 1.6318, SL: 1.6200, risk: 5%
Sell: 1.5965, SL: 1.6083, risk: 5%
I partially close position 1 for profit, seeing a possible tweezer forming.
Update: 11/9/14
Balance: $1.542,97
Position 1, Sell: 1.6083, SL: 1.6200, risk: 5%
Current pips : -83
Pending Buy: 1.6318, SL: 1.6200, risk: 5%
Sell: 1.5965, SL: 1.6083, risk: 5%
The late position 1 to 4 are KIA. I get 724 pips out of them, well done men, rest in peace. Position 5 still survives. I let the price decide its fate as per the strategy rules. Nite everyone.
Update: 11/9/14
Chart
Balance: $1.472,77
Pending Buy: 1.6331, SL: 1.6214, risk: 5%
Sell: 1.6096, SL: 1.6214, risk: 5%
Position 5 got killed too. The final number is out, I get a total of 606 pips and 31% equity increase from the 5 last trades. A new fractal appears and invalidates my fib retracement tool drawn from the last fractal, I adjust my fib retracement tool according to the 200 SMA number where the new fractal appears. I also adjust my 2 pending orders.
Update: 12/9/14
Balance: $1.472,77
Pending Buy: 1.6331, SL: 1.6214, risk: 5%
Sell: 1.6096, SL: 1.6214, risk: 5%
Chart
I see… nothing. I noticed that poundsterling strengthened against other currencies yesterday, but dollar was still the king. Though I end up with profits, my last trade is a loser so I need to exercise caution. Yesterday’s attempt to close the gap gives divergence readings in all GBP pairs. It’s wait and see for me.