TUE08SEP20: COPPER SHORT: S/L @ B/E
Position trade.
SOLD @ 302.3
S/L @ 307.3 (50pts)
TP @ 252.3 (500pts)
NOTE: The plan is to keep adding to all my Position Trades using either the 4h or Day charts and to “Trail the stops” using the same.
S/L @ 306.3 (40pts)
TUE20SEP20: EUR/JPY SHORT S/L @ 125.70 (-20pips)
Position trade
SOLD @ 125.50
S/L @ 127.00 (150pts)
TP @ 122.30 (320 pts)
NOTE: The plan is to keep adding to all my Position Trades using either the 4h or Day charts and to “Trail the stops” using the same.
TUE08SEP20: GASOLINE SHORT: S/L @ 1.236 (-25pips)
Position Trade
SOLD @ 1.211
S/L @ 1.280 (68pts)
TP @ 0.885 (326pts)
NOTE: The plan is to keep adding to all my Position Trades using either the 4h or Day charts and to “Trail the stops” using the same.
TUE08SEP20: USD/CAD LONG: Closed @ 1.3228 +116pips 
Position Trade
BOUGHT @ 1.3112
S/L @ 1.2970 (140pips)
TP @ 1.3822 (710pips)
There are plenty of locations for a cheaper stop loss, however, I am trading the longer term here and will be adding to this trade using the Day chart or 4h Chart until the Weekly Chart Up Trend changes…
THU10SEP20: I was tossing between keep riding the USD/CAD new potential uptrend. But it is just between cross roads, just breaking the Long Term Down Trend(s), and I have a couple of them one showing it got broken whilst the other not quite. So I playing it safe, and took profits at or near the 162 extension.
Still cant complain with +116 pips right?
Happy trading
GBP/JPY DOWN TREND: ACTIVE TRADES: CLOSED @138 (+434pips+365pips = 800 pips)
TRADE1: MON01SEP20:
Sold @ 142.34
Profits Locked in S/L @ 140.94 (+140pips)
TP @ 134.34 (800pips)
TRADE2: THU03SEP20:
Sold @ 141.65
Profits Locked in S/L @ 140.95 (+70pips)
TP @ 134.34 (731pips)
TRADE1:
TRADE2:
FRI 04SEP20 NOTE: It is quite likely that the GJ is ready to rally towards the 618-786 area of the recent downswing. These fall in the range of 141.88 - 142.26. For this reason and to avoid getting stopped out prematurely, I have adjusted my Stop Losses for the two active trades above. Please check it out.
G/J DOWNTREND FORECAST
This is my projection for the GJ for the upcoming weeks…see what happens…
I created this forecast right after the first short…
UPDATE TUE08SEP20: We have now both trades at profits and with lots to ride. I am looking at entering a third trade but the pound has not given me a 4h fib to do so yet…we got to keep waiting…
UPDATE WED09SEP20:
STOP LOSSES UPDATED ABOVE
THU10SEP20: FORECAST UPDATE
I had drawn the first leg to be to around 137.60 yet the sterling decided to go 100 pips beyond that…well I ain’t complaining. It was fun to try to “forecast” the swing.
It has now formed a Day Harami. So it was time to take profits…just 1 pip below 800pips! Extremely happy with this one…
WED09SEP20 COFFEE SHORT S/O @ 125.40 +24pts
Type of Trade: Retracement Leg
Although coffee is in a “Buy Zone” in the Monthly & Weekly charts, it has hit a strong Resistance level at the 78.6% fib retracement of the down swing from Sun 15 Dec - Sun 14 Jun (Weekly Chart)
In the meantime it has broken the Inner Up Trend Line in the Intraday 4h Chart, giving us our first indication that we can potentially trade the “retracement of the recent rally” (Day Chart)
SOLD @ 127.81
S/L @ 132.02 (42.1 pts)
TP @ Variable Looking at around 120 - 117 - 107.6 area (80-200 pts)
AUD/USD Tp Hit +188pips
Our Mon01Sep Short trade hit its target (post updated +188pips)
THU10SEP20: GBP/JPY 800 PIPS COLLECTED (SEE UPDATED POST ABOVE)
I think I kind of earned some “bragging rights” don;t you think? Picking up 800 pips in just 8d and 6 days (within a week) its the best trades I have had in a long time.
Now, I have to resist the urge to try to trade the retracement swing, I got to say I have been in and out twice so far…I keep reminding myself “trade with the trend! the trend is your friend”…
So I hope that I don’t find some lame excuse to enter …
happy trading!
THU10SEP20 20:30: USD/CAD LONG
Bought @ 1.3157
S/L @ 1.3122 (35pips)
TP1 @ 1.3317 (160pips)
TP2 @ 1.3331 (174pips)
THU10SEP20 21:00: TRADES SUMMARY AND ANALYSIS
I have been placing a lot of trades, so I have been working on a little summary that highlights the active trades and their current risk status as well as a “Green/Yellow/Red” traffic lights table to show if an Instrument (Currency or Commodity) is either in the:
Buy Zone (Green)
Sell Zone (Red)
In between/unclear Zone (Yellow)
14/09/30 EUR/GBP SHORT Sorry I missed placing this trade here on the day…
SOLD @ 0.9244
S/L NOW @ 0.9214
TP @ 0.8909
