Trade’s review (USDCAD):
well, last trade went to an unfortunate loss.
seems like the Linear regression channel (on D1) was breached. we’re appreantly in a correction so minor trend is actually bearish. I’ll have to wait for the channel to provide support again, and only then continue with the major bullish trend.
lot 1: -9 pips.
lot 2: -21 pips.
Another trade’s review (EURCHF):
another trade however, which I haven’t posted due to lack of time (and being discouraged and not very confindent about my system anymore) went pretty good (which got me encourged and confident again).
this is yet another classic use for my system. TP1 was reached, later on, I noticed the cross over and moved SL to breakeven (luckily I’ve noticed it after it was reached and bounced back, so TP2 could still be reached)
lot 1: +25 pips
lot 2: donno yet. will keep you posted.
…And another trade opened (AUDUSD):
in this one I put the SL behind the fibo 38.2 level (I didn’t put it on chart, because it’s visually overloading) and behind the two averages, so that this support level is quite strong.
we can see an immidate support from the trend line, in addition to the classic (stochs and trend) signs. TP2 is pretty agressive. at a Pivot point picked according to a mounthly chart. Might be a bit of a long shot, but if one of those agressive targets gets hit, it makes it all worth the relatively low percentage.
right now the trade doesn’t look too good, though, price is currently at 0.7882. I really hope the support level holds… time will tell.
that would be all for now.