Lost that nzdusd pair yesterday but it’s now coming down lol. Luckily I risked just 2% since I wanted two target levels.
I took a trade on AUDUSD
Sell at 0.73232, TP- 0.72020, SL- 0.7374
I took a sell at the daily chart after a pinbar was formed at the resistance level of 0.73300. I took my usual 3% risk because this is a popular currency pair and I’m already 45 pips up but I’m hoping for 120pips.
I closed with a profit of 100pips. I closed because of that strong AUD fundamental news as I can’t guarantee that it won’t move the market against my trade. 100pips is still a good gain.
After yesterday’s 40pips loss, rebounding today with 100 pips feels good
Sell at 0.73232, TP- 0.72020, SL- 0.7374
The trade still hit the 120pips target that I set. It seems the aud fundamental news had no effect. If anyone had more nerves of steel than me, they’ve got 120pips
I just placed another trade on the Eur/usd
Sell signal at 1.12329, TP- 1.12020, SL-1.12520
I took a sell at the pinbar on the 4hr chart because it falls nicely on that resistance. Hopefully a nice profit to start the day
watching your thread, im a beginner trying to trade support resistance style.
please keep going with your thread!
Thanks. I’ve been trying to avoid indicators since I’m not good at using them. But price action with support and resistance is more reliable for me.
I forgot to post my trades today.
I took a sell on AUDUSD
Sell signal at 0.7253, TP: 0.7114, SL: 0.7283
Another pinbar hit a resistance area so I took it, I moved my stop-loss to break even after going 50pips up. Hopefully I get a win
Just took another trade on Eurusd
Sell signal at 1.11524, TP: 1.10162, SL: 1.11832
This is a risky trade because the pinbar didn’t hit my resistance line, but it’s clearly in a resistance area so I took it. My money management style of 1:4.5 should bail me out in the long run.
I took a sell on the Eurcad
Sell signal 1.46084, TP: 1.4477, SL: 1.46416
I saw this signal before the Eurusd trade I took, but I wasn’t sure if it is a resistance level. After checking 4 sites all their resistance levels touch the pinbar so I decided to go ahead and sell this morning. Hopefully the strong fundamental news for CAD later today puts this in my favor.
Fundamentals cleared my trades on Friday, forex factory anticipated a positive move for the dollar so I went ahead since my trades were supporting the dollar but as usual fundamentals spoil the day lol.
I forgot to post my trades today, I took a buy on AUDUSD
Buy signal 0.73300, TP: 0.73659, SL: 0.73109
Clear pinbar on the 4hr chart so I took 35 pips. No other clear trades today so far though.
Another setup on the EURCAD,
Buy signal at 1.45165, TP: 1.45490, SL: 1.45000
Clear pinbar on the support there so I took a buy. I’ve won the 32 pips already.
Another Buy signal on the euraud at 0.52566, TP: 0.52896, SL: 0.52416
Another pinbar, but I’m 20 pips up so far, a rather annoying pinbar against my trade has appeared on the 5mins chart so I’ve moved my stop-loss to break even incase of anything.
The euraud stopped me out on break even.
I’ve taken another trade on usdjpy
Sell signal at 107.335, TP: 106.000, SL: 107.637
A clear pinbar for a strong sell signal supporting the trend, so I’m 40pips up currently so I’ve moved my stop-loss to break even again. I won’t touch the trade till it hits my target or stop-loss.
I just took another trade on the EURCHF
Sell signal at 1.09643, TP: 1.09354, SL: 1.09803
A pinbar is supporting the trend after retracement, so hopefully it hits the target.
Just won the EURCHF trade +30pips.
There’s no setup in the new 4hr chart so I’ll wait for the next 4hr for another.
But I just realized that I missed a trade signal on the Gbpjpy daily chart for a clear 100pips profit, so annoying, why do I always miss the good ones?