Hahaha EUR/USD just hit my friggin profit point!!! That trade would have remained open if I didn’t to scalp today. I’ve actively lost money by scalping the lower time frames and flat out refuse to trade in this manner moving forward. I am just not that type of trader.
I will continue to looking for day/swing trade setups because I think this is where I operate best 
EUR/CAD trade:
Swing trade
Long or Short: Long
Entry Point: 1.29012
Profit Point: 1.3250
Stop Loss: 1.2845
Risk Level: 3% of account
Rationale:
Price is currently sitting on the bottom of an uptrend with price holding and looks to getting ready for a break out.
Aussies stopped out at BE, should have made that a day trade. I knew Chinese data would cause the aussie to pullback but was hoping for a real breakout last night as opposed to the fakey we received.
My account has taken a bit of knock this week, mostly because of scalping those lower time frames and over gearing. The harsh reality of trading has again set in and hopefully it sticks this time. That temptation to double down and win back those losses is strong lol. But smart trading needs to come back into play, otherwise I will likely make it worse. Sigh, got to be honest I think a lot of the damage I’ve caused to my account this week is because of that drive to not have to come into work again pushing me into emotional trader mode.
I am waiting on some confirmations before entering any new trades for the moment which is fine because I am not seeing any clear price signals or solid swing trades. Will likely do a couple day trades tonight using fibs.
Hey bud,
The EUR/CAD are u not going to wait till London open?
No already in it mate, you notice my trade setups are doing well but I’ve had some poor execution i.e tight stops, bad entries, etc got to nail this down…
How u going this week?
“While the other guy’s sleeping, I’am working. When he’s getting ready, I’am ready.”
Well you made some good money on the EUR/CAD. I was hesitant and I went back to a short on EUR/USD and that was a a bad idea as I just lost 49 pips. I made some bad mistakes as well this last couple of weeks…
Trade closed at 1.31469. A bit early but I had to be away from the computer today.
GBP/NZD trade:
Swing trade
Long or Short: Short
Entry Point: 1.9214
Profit Point: 1.9000
Stop Loss: 1.9285
Risk Level: 7% of account
Rationale:
Comdolls have just taken a breather after recent push to 1.06 level which I believe will now continue back up to Aussie 1.06 and Kiwi 0.8450. Likewise the pound will continue its move south after hitting 1.6150.
SL moved to BE :57:
Bitters,
I’m watching the EUR/NZD, I’m waiting for my EMA line to hit the candle and I’m going short on it.
I am looking at the NZD/CHF and seeing some strange divergence on these two pairs. If EUR/NZD follows NZD/CHF than you will get your move but I am going to sit on the side lines for this one. I rather trade the outcome after the next move.
Good luck mate
Bitters
Any CHF pair is my weaklings 
Worth considering the neg correlation on the CHF when trading the EUR. Its a near perfect opposite, thus it should mirror your EUR/NZD setup.
Closed at 1.90506 - Not exactly the profit point I wanted but I made some good pips on this pair and there’s a lot of support in this zone. 150 pips ain’t bad 
Taking the EUR/NZD short spotted by mwscircle.
EUR/NZD trade:
Swing trade
Long or Short: Short
Entry Point: 1.58172
Profit Point: 1.56150
Stop Loss: 1.59110
Risk Level: 3% of account
Rationale:
The main reason I am taking this trade is because of the divergence between the NZD/CHF pair and EUR/NZD. And yes I am very much aware of my poor entry point on this pair. This trade may take the title of shortest trade in history for me!!:32:
EDIT::::::::::::
In hindsight perhaps it wasn’t EUR/NZD that needed correcting but NZD/CHF.
NZD/USD trade:
Swing trade
Long or Short: Short
1st Entry Point: 0.83891 (market)
2nd Entry Point: 0.83500
Profit Point: 0.84670
Stop Loss: 0.8290
Risk Level: 5% of account
Rationale:
First entry was after the bounce off 23.6 fib support. Second entry will be off rising trend line.
I took a 60 pip profit off the EUR/NZD trade. I’m going to renter on the short here shortly.
Update:
First trade:
Entry: 1.58764
Close: 1.58163
Gain of 60.1 pips
Second trade (2nd entry earlier this morning)
Entry: 1.58808
Close: 1.58194
Gain: 61.4 pips
Currently at 120 pips last night. I might take a break as I did a 40k lot on these :)!!!
Nice one mate, yeah felt like I got in at the end of this one.
“While the other guy’s sleeping, I’am working. When he’s getting ready, I’am ready.”
Closed for a small profit. Decided to get out early today and going to do some analysis on the market tonight. See some potential trades but won’t be jumping back into the game so quickly. More and more I am beginning to see that I am a swing trader. Since I cant do chart analysis at work and I do need to sleep (sometimes) its difficult to do day trades.
EUR/CAD trade:
Swing/Day trade
Long or Short: Long
Entry Point: 1.31205
Profit Point: 1.3250
Stop Loss: 1.3090
Risk Level: 3% of account
Rationale:
Ascending triangle formation on 4 hour/1 hour chart after brief pullback. This will be a continuation of the uptrend. Once this tops out I am looking to probably short.
