01/25 Long NU entered @ 0.6475/SL @ 0.645/TP @ 0.6535. Previous long position got stopped out. Was able to re-enter at better price with full lot size. Short bias still being tested. I like the forming W pattern on the H1 chart and expecting it to complete the last leg before either pushing further upward or continuing down trend.
SL hit for -45 pips. Not a happy ending to this one. I actually rode it til -50 pips, but luckily it went up again. I decided to double my position size at a lower price with the hopes of making some money even if price only goes up by a few pips. I then adjusted my SL to 0.6442. This morning it got stopped out.
01/27 Entered NU short last night. SL got hit by -20 pips. Reason for taking trade was mostly out of greed and fear of missing out on possible downtrend momentum that ensues while i was asleep. Must learn to control emotions better.
01/27 Entered another NU short at double the position size. First one lot was entered early this morning @ 0.6515, half a lot was entered @ 0.6528, and another half lot was entered just now @ 0.6444. In a profit of +120 currently but will hold on for now. Took the trade again in anticipation of downward momentum. Predominantly it was still out of luck of how the pair reacted to the FOMC decision and statements that i am in a profit right now.
02/01 NU short @ 0.6503 / SL 0.6518/ TP @ 0.6485 Price remains range-bound. Still going with the trend. CNY again disappointed yesterday with lower-than-expected PMI. Pair still hasn’t expressed the sentiment though.
Excellent that you post your trades. I see that you use mt4. The way you draw your lines are similair with how I look for entry points, but I use the MA’s so that I don’t have to manually draw the lines during the day.
Where am I going with this? Well, can you show me where you would enter and exit because I think I have a script for you that can help you out, but I need to see if the entry/exit are the same.
02/02 NU Short taken this morning @ 0.6495/ SL @ 0.6510/ TP @ 0.6440. I placed a very narrow SL on the position for fear of a breakout to the upside. I see it remains in a ranging pattern on the 4-Hour chart. It has been finding it difficult to complete its downside move since last week. I placed a TP at 0.6440 since i notice that price has no trouble breaking to it once the 60 and 50 levels are pierced downwards. Whole milk powder prices also printed out lower-than-expected. I don’t know if it will be reflected by the pair but im hopeful.
This trade was actually stopped out after less than 3 hours for -23 pips. I did reopen another long position @ 0.7714 and I was able to close that one early this morning for +60 pips.
02/23/16 Entered long trade on EUR/GBP @ 0.7854. TP @ 0.7890 SL @ 0.7830. 1 micro lot larger than normal trade size. I am only worried about the apparent range on the h1 chart. However, i see it as a long-term move to the upside. recent weekend gap still hasn’t been filled. fundamentals still blurry. long-term bullish trend still intact. let’s see what happens.
Closed manually @ 0.7880. I closed it earlier than planned as it approaches the edge of the most recent price top. Will see what happens then. +27 pips.
02/23/16 Long position entered on NZD/USD @ 0.6612/TP @ 0.6649/SL @ 0.6590. It’s a risky move given the sharp fall already sustained so i opened only a minimal position size. Price is hovering around the bottom of an ascending range and I think it’s time to go long. On 1-hour and Daily chart, i see it as a risk-worthy bullish position.
Holy Crap! Spent entire week fighting the bullish trend on NZD/USD. Translation: lost a lot. :35: It seems i’m too rigid when I make up my mind about where price is going. Should adjust and keep hitting the books.
