Based on H4 Chart
I saw that USDCAD form a Hns Pattern
Sell 0.02 USDCAD @1.31859
Stop loss @ 1.3250
Risk : $9.73
with TP level @ 1.3050
Reward : $20.63
H1 EURUSD W pattern
Buy 0.01 EURUSD @ 1.12628
SL 30 pips TP 60 pips
Buy 0.01 EURUSD @ 1.12610
SL 30 pips TP 60 pips
Risk total 30pips x 2 = $6
Total potential Reward =$12(60 pips)
Total Potential Risk : $15
Total potential Reward =$35
UCAD hit Risk, -9.73
EU Still Running
GBPCHF H4 Chart
GbpChf H4 ends its consolidations GBPCHF and breakout the Pennant Pattern /Triangle
and GBPCHF Price is under EMA 12, 50, 100,260 and 500
conclusion : Bearish trend
Sell GBPCHF @1.47245
Stoploss @ 1.49245
TP @ 1.43245
Risk : 20.75
Reward 2x risk = 41.48
Potential risk : 20.75+6 = 26.75
Potential Reward = 41.48+12
All Position are negative.
Enough with chart pattern
I will try Grid trading than with my Tickmill demo account
Pending Order
Buy stop EURGBP 0.01 lot, 30.0 pips above 0.73173 , 10 pending orders
Sell stop 0.01 lot EURUSD 20,0 pips below 1.1405 , 15 pending orders
buy stop 0.01 lot GBPUSD 20,0 pips above 1.52299, 15 pending orders
Drawdown still under control
Closing With profit
buy 0.01 gbpusd 1.53699 2015.09.08 09:14:20 1.53665 -0.34
buy 0.01 gbpusd 1.53299 2015.09.08 09:14:19 1.53665 3.66
buy 0.01 gbpusd 1.53099 2015.09.08 09:14:18 1.53667 5.68
buy 0.01 gbpusd 1.52899 2015.09.08 09:14:18 1.53667 7.68
buy 0.01 gbpusd 1.52699 2015.09.08 09:14:17 1.53667 9.68
buy 0.01 gbpusd 1.52499 2015.09.08 09:14:15 1.53664 11.65
sell 0.01 eurusd 1.11005 2015.09.08 09:14:14 1.12097 -10.92
buy 0.01 gbpusd 1.52299 2015.09.08 09:14:14 1.53665 13.66
sell 0.01 eurusd 1.11205 2015.09.08 09:14:13 1.12097 -8.92
sell 0.01 eurusd 1.11405 2015.09.08 09:14:12 1.12098 -6.93
buy 0.01 eurgbp 0.73473 2015.09.08 09:14:10 0.72933 -8.30
buy 0.01 eurgbp 0.73173 2015.09.08 09:14:09 0.72933 -3.69
buy 0.01 gbpusd 1.53499 2015.09.08 09:14:07 1.53654 1.55
Total = 14.66
Open 2 account and comparing my Triangular Arbitrage
one triangular is Sell EG
and another one is buy EG
let us see
long time i did not update this journal. and my master scolded me and said i must concentration with my lesson and do not do any trade even with demo account.
and after some lessons and demos, now he told me to open a live trading account and deposit with small money ,and write a trading journal
So i opened account with tickmill and deposit $50. no risk at all for me.
now is the time to do what is assigned by my master, ie maintain my trading account and tried to consistently WD my profit.
theoritically, my master methode will fit in any trading instrument that tickmill offer. but however, i will trade only with majors, and do not trade with exotics, metals, CFDs, because my money is not enough to trade with that instrument . the risk it self is too big
will post my system and my trade tomorrow,. and myfxbook link too.
Let us made some market review for a moment before opened a trade. W
What happened in this week which is the majority of USD rivals stronger than the USD , which means that the long-term weakening of the USD in sight
This is due to weaker US economic data than anticipated.
PMI is below expectations,
ADP which is above forecast, Forecast 195k, actual 205K
The unemployment rate rose 8k
the NFP today, market expectations about jobs created and opened : 189k ,
and if the data released under 180k can harm USD fundamentally.
With the reluctance of the Fed to raise interest rates, the ECB QE plan in March 2016, and the BOJ is set negative interest rates, today’s NFP data is crucial as a guide to where the next market direction next.
Technical analysis : , based on Tickmill weekly chart, the USDJPY this week , weakened as much as 500.0 pips.
Head and Shoudler has been formed, and if the NFP data this week could make close USDJPY weekly chart with a bearish engulfing pattern, then the USDJPY weakness for the medium-long term was inevitable with the first target at 113.00 area
Recommendation :
USDJPY Bearish,
risk in the area of 121.75 -122.00
Target: 113.00, 110.00, and 109.00
Lets Rock And Roll
Sell EU , Reason : Double Top Formation, Seller candlestick pattern and price opened under EMA 12
Got 0.2 spread, great
Entry at 1.12014
SL at 1.12164
[SPOILER]
Sell GBPUSD Averaging minus mode
Sell 1 at 1.44090
Sell limit at 1.44490
Reason : Support become resistance and Buyer at H1 buyers are not able to maintain their strength, and candle close under EMA 12
[SPOILER]
Sell EURAUD
Reason
Update :
open 2 trades EURAUD
Open trade 1 : 0.02 lot @ 1.58761 SL @ 1.59161
Open trade 2 : 0.02 lot @ 1.58861 SL @ 1.59561
TP @ 1.57260
Got good spreads with this crosses , around 2.0 pips
nice
Reason : Engulfing on EMA 12
[SPOILER]
Today, Because china celebrating Chineese new year ( happy Lunar new year anyway, i hope you are more prosperous in this fire monkey year)which caused market move in sideways
we need to pay attentionm there is some news that should be on the alert
Sell Gold @ 1187.90 SL TP @ @ 1191.9 1177.9
Reason : Gold break EMA 12
whoaa, 10 pips spreads on gold…
