GBPUSD moved SL to BE. trade is up by 100 pips at the moment. will update with the chart later on.
GBPUSD chart is updated. some pips are locked to make this trade profitable. about 70 pips are locked.
I got another trade on gbpusd using daily chart. we have a very decisive break out followed by a spinning top.next TL is at some distance. this trade is on a different platform, my previous trade is still on, up by 167 pips and locked about 81 pips. lets see how daily chart trade progress.
hit the profit target . 198 pips are earned. . entry was 1.5682 and TP was 1.5880. not a bad trade.I have another trade still on, on a different broker
we have a nice gap of 60 pips which makes total profit of 123 pips, hence I moved the SL to break even point. As I hate to loose from this point. my TP on this trade is about 400 pips which is the next key level of resistance.
this is the update on my 2nd gbpusd trade.there was a big gap on Sunday opening and it nearly filled but didn’t break below the gap. i had already locked about 55 pips. the trade is up by 150 pips at the moment. I may move the stop later tonight using the H4 chart. we had a 32 hrs consolidation then again big break. and thats how its doing now.
i took this trade on the basis of daily trend, entry was late though. if it break and close above the 53.93, then it will have a very good run, till then very dangerous. sentiments shows it will go higher. only cause of concern is a pin bar on weekly chart.
my other trade gbpusd is running freely, I have locked about 176 pips.lets see how far it does go. another couple of hundred pips to the target.
I’m also long on eurjpy will update the chart some time.
also guys please give your feed back, it will help me improve my trading.
my update on audjpy trade, the resistance line has been broken, if close above the resistance, it has a very good chance of meeting its target. today’s action is very important.
I also put on eurjpy trade yesterday but didn’t have time to publish it here it is.this is a continuation trade after retracement. I locked in about 122 pips in thios trade.
on gbpusd trade, last night i was stopped out for 286 pips. i kept moving stop or i might have reached my target of 400 pips.since the trade was moving very fast, thats why i moved my stop loss with that speed as well.
here are screen shot of audjpy and eurjpy trades.
eurjpy reached the target of 180 pips., this week has been very good to me.
entered this trade on the basis of trend line break. daily trend is up, though there was a big decline on H4.hoping trend will continue to its original direction , entered a long position.
there is another trade which I think could be profitable. however any result is possible. the chart is evident why I took the trade. u may comment.
stopped out but will re-enter again because I’m still bullish on this pair.
I put another trade last night based on PB and false break out. usually this type of trade has a very high success rate.this is a counter trend trade. so anything can happen. chart is here for further reference.
this trade went into my favour for 100 pips but at the end of day we have a long tail PB, so I have to close my trade for 2 pips profit. when we have a long pin bar in the direction of trend then there is no case left for against the trend even if we have a strong signal.
next scenario is if we have a close above the 1.6545, then that will generate a long trade. until then no trade on this pair.
I have the same bias as you, but I’m having trouble picking a good entry level. Maybe I’ll wait for a close above 1.6545 like you said, but I’m just wondering… Why that level in particular? Just a noob here!
marrypips thanks for ur interest. actually we have to see the key level of S/R. if we observe the weekly chart we see a very long term channel is being broken so if we have a close above the previous pb then there is a good probability for the prices to go to next level of resistance which is at 1.7280. and our trades are always based on good probability, and this can be wrong as well but we trade with good intentions. sometime looser sometime winners.
as u see I entered the trade` before the candle close but I am sure it will reverse back from the previous support at 1.65 level if not then I’m wrong and no hard feelings but perhaps i should have waited till the candle is closed.
here is the chart. a picture is worth more than 1000 words.
Nice job spotting that. I’ve been watching this pair too, but on the 4 hour time frame. This is another confirmation that I should probably go big on this trade. Thanks for sharing!
Hi marsalis, thanks for taking interest in my journal, I would like other viewers to leave their feed back or share their ideas or comments on my trades, thats only way we can improve our trading. non of us is professional here. i also learnt a lot from this forum, especially from bijoy’s journal.
well i put another trade when the price pulled back to the resistance turned support.and doing very well at the moment.
closed this trade with +4 pips because PB was formed on the daily chart and in today’s action the candle retested the top of pin so there are more chances that pair will go to south. there is a good chance of going short here but I will wait for next week, may be go short at the open of next week.
