ForexChick SuRe TS

Hello all,

Like many others, I would like to share my trading journey with you all.

I will be posting all my trades here moving forward. I am using a simple support and resistance trading system (SuRe TS ).

I am also keeping a blog so feel free to drop by to see my previous trades as well.

Here’s my latest trade (still pending):

AUDCAD long



Entry:
0.9200 – 0.9210

Stop Loss:
0.9190

Take Profit:
0.9280

I am not really sure where to place the profit target yet; let us just aim for the last T/P I took with this pair which was 0.9280. If I am lucky I might be able to trail the stops should the price go into my direction (unfortunately I will not be able to monitor my trades all the time).

Cheers,
FC

Hi MattW2009,

Thanks for your comments.

I just try to spot major support and resistance lines on bigger time frames (daily charts and up) and seek to pinpoint exact entries by zooming into smaller time frames. I am still trying to mould my own entry system as I go along, but basically just align my entries and stops with the latest lows/highs.

We will see how this works out :D.

FC

I just can’t take my eyes off this pair as it keeps retracing back to the support area. I am now looking to go long at a round number in the support zone (marked blue). I mean theoretically it can go back to as low as 1.2435 but that goes all the way back in 1999 when the Euro did not even exist yet.



Honestly, everytime I keep looking to the left side of the charts it just makes me second-guess my own entries even more. So I decided to just take the latest low as a reference and go from there. Let us see how this will work out.


The image still shows an entry point @ 1.3120, however, I have decided to go round all the way through and lowered my entry to place a limit order for 1.3100 – 1.3110.

Entry:
1.3110

Stop Loss:
1.2090

Take Profit:
1.3500

Exit:
1.3089


A couple of months ago, I would have thought the market just deliberately touched my stop loss simply just to piss me off.

Now…well, I will just focus on the next trade :stuck_out_tongue:

Alright. Price is again heading towards a major support area on the monthly and weekly charts.

I thought of entering around the 0.8400 area as this has been followed by a bullish movement previously.

As for the target profits I am not quite certain yet as to how high to go. I think I shall aim for the second support area around the 0.8600 zone.




Entry Price
0.8400

Stop Loss
0.8390

Profit Target
0.8600

Price is reaching a support area. Placing a limit order @ 0.8545 - 0.8555




Entry Price
0.8555

Stop Loss
0.8535

Profit Target
0.8645

Exit
to be confirmed

hi girl i see u on FF first and see u here now i read something about u and i like it. I like that u are a girl that is sexy and also that u have the same goal that i have to be independent so i wish u all luck and fortune :slight_smile: and who knows maybe i learn something

best regards

…?

Dan u dont get that ok, we have to few traders that are girls /women so the more the better.

best regards

Well, well, well. I just keep on ending up with this pair. My previous attempts to go long with EURCAD (also see here) did not go quite right. I remember questioning the entry points as the lowest low of 1.2435 kept on haunting me in the back of my head like the nagging voice that keeps on telling me to go to the gym.

Well, it looks to me now like price is heading straight to the lowest low. We should expect some keen bargain hunters around this area and I will be aligning myself with them lot.