EUR/NZD Strategy and Trade Journal

Madalyn · September 16, 2019, 6:10am

Or your own wife lol

steveepperson · September 16, 2019, 6:23am

Took buy signal at support for scalp to the top of range. 1/3 position.

steveepperson · September 16, 2019, 8:23am

Not too impressive. Out with small loss.

steveepperson · September 16, 2019, 8:28am

Can’t fight it anymore. Jumped on board continuation short.

steveepperson · September 16, 2019, 1:15pm

Went a little bit lower, turned around and found my stop loss. Looks good for long continuation. That is the overall trend. Probably better to go long for the rest of week.

Kind of an ugly set up, as usual (wound up scaling in so I can have a full position on)

Stop is below the beginning of the trend:

1odi · September 16, 2019, 1:32pm

ur buying into an area of weakness mate, u have that huge up bar and a bearish reaction, pin… stop chasing the price mate, i d go as far as to say that s a possible fake break up to get u in the wrong dir, hope i m wrong for ur sake…cheers

steveepperson · September 16, 2019, 1:37pm

Hope you’re wrong too…
Have a great day on the charts.

1odi · September 16, 2019, 1:38pm

no trades, setups for me today, average activity so far, mondays are rangy and slow ussualy

1odi · September 16, 2019, 1:51pm

looks like i found a scalp after all, if i d knew it won t keep me waiting i would ve risked more lol

steveepperson · September 16, 2019, 3:50pm

Good job, I’m assuming you’re short. Not used to your plat, sorry

steveepperson · September 16, 2019, 3:53pm

Actually, we were both right. You with your analysis and me with having my stop so far away and scaling in.

It aint over yet. The cute little rotund lady hasn’t sang her song yet

steveepperson · September 16, 2019, 4:50pm

Getting there. Moved SL to just above third scale in. Also switched to 15 Min chart.

1odi · September 16, 2019, 8:34pm

lol dude, i wasn t short as there was no setup on that pair for me

steveepperson · September 17, 2019, 2:07am

This is what the chart looked like just before taking profit. Switched to 30 min chart as ATR was below 10 on the 15 Min. I had three scale in positions. This gave me a lot of extra profit:

EURNZDM30 TP

steveepperson · September 17, 2019, 3:29am

Buy the Close Bull Breakout. At this point, get long for any reason. Below is 15 Minute chart. 1/4 position size(very small). Assuming I’ll scale in as I go:

steveepperson · September 17, 2019, 3:55am

Scale in at support for better average price:

1odi · September 17, 2019, 8:20am

dude, stop buying that high, u see price has moved, let it retrace, and buy the dip if u see it s gonna push…i dunno what emas is that but u could wait for a retest of that for example… stop buying at the highs or u ll buy right into a top, patience. cheeers

steveepperson · September 17, 2019, 11:24am

This trade is progressing nicely. Moved stop to nearest previous swing low. Profit target is still pretty far away, so I am switching to the 4-hour chart to monitor it. Will be nice to have some free time while accumulating profits.

1odi · September 17, 2019, 12:17pm

i d move my stop below last swing that just made considering ur stacking also, just to be safe

steveepperson · September 17, 2019, 12:28pm

Switched to 4-hour chart
I would be well within my right mind to take partial profit here, but I’m going to let it run. I would trail my stop closer, but the EMA 20 is still far away. Therefore, I am going to leave this thing alone and let it take profit when it wants to.

Going hiking in the desert, hope I don’t get bit by a rattle snake. See you soon.