Price Action Trades


Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. 

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 December 2012
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Trade Open:     11/12/2012  
Trade Closed:  
13/12/2012
Currency Pair:
EURJPY
Time Frame:   
D1
Position:           CLOSED

PnL:                 
+251.7 pips

Note:

Price action formed a pin bar setup so an order was placed  based off a D1 chart on the break  of the pin bar high. This trade was taken because price action signal formed on strong weekly horizontal support line as well as long term Trend line where we can see it was broken and has now become support . The EMA are diverging indicating that a strong trend is in place but to add to the confluence the pin bar is rejecting the 21 EMA. Looking for a RR of 1:2. Not looking for long term trade due tot he time of year as there is less volume in the market than usual also a lot of news coming out this week which will affect this market.

Trade has been triggered and SL moved to BE waiting for swing low to lock in profits


Conclusion: 

Trade hit PT over night with a RR of 1:3 this was unexpected as markets are quite over the Asian session. Still believe there is more potential to the upside target around 110-112 and Japanese elections may move this market toward that target.

Initial plan was changed from 1:2 RR because of market momentum, so pleased how trade was managed and with profit banked.

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 November 2012
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Trade Open:     07/11/2012  
Trade Closed:  
12/11/2012
Currency Pair:
NZDUSD
Time Frame:   
D1
Position:           CLOSED

PnL:                 
+43.9 pips

Note:

Price action formed a pin bar setup so an order was placed  based off a D1 chart on the break  of the pin bar low the same could be seen on the 4H chart earlier in the day. This trade was taken because price action signal formed on strong weekly horizontal resistance line as well as long term Trend line . The EMA have crossed and the trend is slightly up but I would see this market more sideways. Looking for a RR of 1:2. Things to be careful are the next swing low which can be seen as next line of support. Trade is currently @ lower high based on 4H time frame, waiting for next down leg to lock in so more profits (diag 2)

Conclusion: 
Followed my trading plan happy with execution and and trade management. Did see some sort of support ahead not to say that it cant be broken. Would have preferred entry on 4H for this trade as it would have been better RR.

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Trade Open:     01/11/2012  
Trade Closed:  
01/11/2012
Currency Pair:
EURCAD
Time Frame:   
D1
Position:           CLO
SED
PnL:                 
+135 pips

Note:

Price action formed a pin bar setup so an order was placed  based off a D1 chart on the break  of the pin bar low. This trade was taken because price action signal formed on strong daily horizontal support line as well as long term Trend line . This is a counter trend trade and looking for a RR of 1:2. Things to be careful are the 200EMA which can be seen as next line of support.

Conclusion: 
Manually closed this trade due to the fact that there was strong support coming up. It seems if I left the trade as a set and forget my PT would have been reached. However I was happy with my decision in banking my profits as I didn't want to give them back over the weekend



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 October 2012
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Trade Open:     30/10/2012  
Trade Closed:  
31/10/2012
Currency Pair:
USDJPY
Time Frame:   
H1
Position:           CLOSED

PnL:                 
+20 pips

Note:

Price action formed a pin bar setup so an order was placed  based off a H1 chart on the break  of the pin bar high. This trade was taken because price action signal formed on strong daily horizontal support line and rejection of the 365EMA . This is a trend trade and looking for a RR of 1:2.Trade currently at BE

Conclusion: 
Trade was executed according to plan. was stopped out prematurely but it eventually did move up to RR of 1:2. Trade was managed on HL or swing lows



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Trade Open:     30/10/2012  
Trade Closed:  
30/10/2012
Currency Pair:
USDJPY
Time Frame:   
H1
Position:           CLOSED

PnL:                 
-26 pips

Note:

Price action formed a pin bar setup so an order was placed  based off a H1 chart on the break  of the pin bar high. This trade was taken because price action signal formed on strong daily horizontal support line and rejection of the 150EMA . This is a trend trade and looking for a RR of 1:2.

Conclusion: 
Followed my trading plan happy with execution and and trade management. Trade was in and out of the market due to BOJ news


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Trade Open:     26/10/2012  
Trade Closed:  
30/10/2012
Currency Pair:
GBPUSD
Time Frame:   
H4
Position:           CLOSED

PnL:                 
+34 pips

Note:

Price action formed a inside bar setup so an order was placed  based off a H4 chart on the break of the of mother bar. This trade was taken because price action signal formed on strong daily trend line with some confluence coming from horizontal support . This is a trend trade and looking for a RR of 1:2. Trade is at BE at the moment

Conclusion: 
Trade was being managed on a H1 chart as there was no swing formation on H4 and wanted to lock in profits. Followed my trading plan happy with execution and and trade management.


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Trade Open:     24/10/2012  
Trade Closed:  
24/10/2012
Currency Pair:
USDCHF
Time Frame:   
H4
Position:           CLOSED

PnL:                 
-28 pips

Note:

Price action formed a pin bar / inside bar setup so an order was placed  based off a H4 chart on the break of the of mother bar. This trade was taken because price action signal formed on strong daily trend line with some confluence coming from horizontal support . This is a trend trade and looking for a RR of 1:2.

Conclusion: 
Trade moved up and closed above trend line, market still range bound and has 200 EMA to break before moving to the upside. Nothing to add except followed my trading plan and happy with the execution. Looking at the price action I could say that this was a flag and a continuation pattern was in play but due to the trend line this made me execute my trade as i saw it therefore no regrets

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Trade Open:     24/10/2012  
Trade Closed:  
25/10/2012
Currency Pair:
AUDUSD
Time Frame:   
H4
Position:           CLOSED

PnL:                 
+68 pips

Note:

Price action formed a inside bar setup so an order was placed  based off a H4 chart on the break of the of mother bar. This trade was taken because price action signal formed on strong weekly horizontal support and also rejecting weekly trend line .  This is a trend trade and looking for a RR of 1:2.Trade currently at BE

Conclusion: 
Changed the trade from fixed PT to a fluid SL to lock in as many pips as possible which was a mistake as I only was able to bank RR of 1:1 and if I followed trading plan from the get go would have locked in a RR of 1:2

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Trade Open:     15/10/2012  
Trade Closed:  
18/10/2012
Currency Pair:
NZDUSD
Time Frame:   
D1
Position:           Closed

PnL:                 
-96 pips

Note:

Price action formed a inside bar setup so an order was placed  based off a D1 chart on the break of the nose of mother bar. This trade was taken as price reversed from early pin bar from a few days back which in turn caused the EMA to cross over also seems like a double top is in formation. Price rejecting 8 & 21 EMA dynamic support &horizontal S/R line. This is a trend trade and looking for a RR of 1:2.

Conclusion: 
Followed trading plan at the time of execution didn't realize the trend line as this could have been viewed as buying into support. Otherwise trade executed as per plan

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Trade Open:     12/10/2012  
Trade Closed:  
18/10/2012
Currency Pair:
EURAUD
Time Frame:   
D1
Position:           CLosed

PnL:                 
+5 pips

Note:

Price action formed a pin bar setup so an order was placed  based off a D1 chart on the break of the nose of pin bar. Price rejecting 21 EMA dynamic support &horizontal S/R line. This is a trend trade and looking for a RR of 1:2.

Conclusion: 
Trade was in good profit however was unable to capitalize on this as trade never formed a swing for me to move my SL therefore trade finished off BE. Followed my trading plan and avoided messing with it even though wanted to close out or lock in profits.

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Trade Open:     12/10/2012  
Trade Closed:  
18/10/2012
Currency Pair:
AUDCHF
Time Frame:   
D1
Position:           Closed

PnL:                 
+5pips

Note:

Price action formed a pin bar setup so an order was placed  based off a D1 chart on the break of the nose of pin bar. Price rejecting 21 EMA dynamic support &horizontal S/R line. This is a trend trade and looking for a RR of 1:2.

Conclusion: 
Trade was in good profit however was unable to capitalize on this as trade never formed a swing for me to move my SL therefore trade finished off BE. Followed my trading plan and avoided messing with it even though wanted to close out or lock in profits.

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Trade Open:     11/10/2012  
Trade Closed:  
12/10/2012
Currency Pair:
AUDUSD
Time Frame:   
H1
Position:           Closed

PnL:                 
+5 pips

Note:

Price action formed a pin bar setup so an order was placed  based off a H1 chart on the break of the nose of pin bar. Price rejecting 21 EMA and 200 EMA dynamic support found on D1 chart. This is a trend trade and looking for a RR of 1:2.

SL moved to BE

Conclusion: 
Trade was executed to plan where SL hit at BE. Also seems that this pin bar didn't have the follow through as per usual so satisfied that trade finished BE.

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Trade Open:     11/10/2012  
Trade Closed:  
18/10/2012
Currency Pair:
USDCAD
Time Frame:   
D1
Position:           Closed

PnL:                 
+5 pips

Note:

Price action formed a pin bar setup so an order was placed on the 05/10/2012 based off a D1 chart on the break of the nose of pin bar, however price has consolidated  last few days refusing to break the tail of the pin bar and has now formed a inside bar signal. Price rejecting weekly support. This is a counter trend trade and looking for a RR of 1:2. Also am aware of short term resistance therefore will keep stops tight if necessary.


Conclusion: 
Trade was in good profit however was unable to capitalize on this as trade never formed a swing for me to move my SL therefore trade finished off BE. Followed my trading plan and avoided messing with it even though wanted to close out or lock in profits.

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Trade Open:     05/10/2012  
Trade Closed:  
05/10/2012
Currency Pair:
EURCAD
Time Frame:   
H4
Position:           Closed

PnL:                 
+2 pips

Note:

Price action formed a inside bar setup so and an order was taken on a H4 chart on the break of mother bar. Price rejecting daily resistance and forming what seems a double top. This is a counter trend trade and looking for a RR of 1:2. 


Conclusion: 
Trade was moved to BE and in profit when it then got knocked out by NFP. No errors executed to trading plan

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Trade Open:     04/10/2012  
Trade Closed:  
05/10/2012
Currency Pair:
EURNZD
Time Frame:   
H4
Position:           Closed

PnL:                 
BE

Note:

Price action formed a inside bar setup so and an order was taken on a H4 chart on the break of mother bar. Price rejecting daily resistance and forming what seems a triple top. This is a counter trend trade and looking for a RR of 1:2. 


Conclusion: 
Trade was moved to BE and in profit when it then got knocked out by NFP. No errors executed to trading plan

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Trade Open:     04/10/2012  
Trade Closed:  
05/10/2012
Currency Pair:
AUDNZD
Time Frame:   
H1
Position:           Closed

PnL:                
+ 80 pips

Note:

Price action formed a pin bar setup so and an order was taken on a hourly chart on the break of pin bar. Price rejecting dynamic support off daily 8EMA. This is a trend trade and looking for a RR of 1:2. Stop has been moved to first swing high to lock in profits


Conclusion: 
Followed trading plan and was executed accordingly

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Trade Open:     03/10/2012  
Trade Closed:  
05/10/2012
Currency Pair:
AUDJPY
Time Frame:   
D1
Position:           Closed

PnL:                 
BE

Note:

Price action formed a pin bar setup so and an order was taken on a daily chart on the break of pin bar. Price found daily support. This is a counter trend trade and looking for a RR of 1:2. Trade was moved to BE


Conclusion: 
Followed trading plan and was executed accordingly

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Trade Open:     03/10/2012  
Trade Closed:  
04/10/2012
Currency Pair:
USDCAD
Time Frame:   
D1
Position:           Closed

PnL:                 
BE

Note:

Price action formed a inside bar setup so and an order was taken on a daily chart on the break of mother bar. Price found strong weekly support . This is a counter trend trade and looking for a RR of 1:2 


Conclusion: 
This trade was closed over night by my EA not sure why as it didn't reach my criteria set so need to keep ab eye on this to make sure it doesn't mess with future trades.

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Trade Open:     03/10/2012  
Trade Closed:  
04/10/2012  
Currency Pair:
NZDUSD
Time Frame:   
D1
Position:           Closed

PnL:                 
+15 pips

Note:

Price action formed an pin bar setup so adn order was taken on a daily chart on the break of pin bar. Price found weak weekly resistance. This is a counter trend trade and looking for a RR of 1:2. Stop loss has been moved to BE. Stoped moved to Swing high


Conclusion: 
Trade stopped out all rules followed


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 September 2012
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Trade Open:     27/09/2012  
Trade Closed: 
28/09/2012
Currency Pair:
EURJPY
Time Frame:   
4H
Position:          
Closed
PnL:                 
+5 pips

Note:

Price action formed an pin bar setup so an order was taken on a 4h chart on the break of pin bar. Price found strong weekly support. Looking for a RR of 1:2 


Conclusion: 
Moved SL to BE trade reversed and stopped out. No errors upon execution and followed trading plan.

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Trade Open:     17/09/2012  
Trade Closed: 
18/09/2012
Currency Pair:
EURCAD
Time Frame:   
4H
Position:          
Closed
PnL:                 
-61.5 pips

Note:

Price action formed an inside bar setup so an order was taken on a 4h chart where price broke strong resistance which has now become strong support. Looking for a RR of 1:2 which


Conclusion: 
Valid setup only thing I would check for next time is the 200 EMA was right above the entry which could have ment strong resistance

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Trade Open:     13/09/2012  
Trade Closed:  
13/09/2012
Currency Pair:
GBPAUD
Time Frame:   
D1
Position:           Closed

PnL:                 
-107 pips

Note:

Pin Bar signal rejecting strong resistance seen on the Daily time frame. Also another sign of confluence is the rejection of 8/21 EMA as well as the 200 EMA. Targeting a 1:2 RR.


Conclusion: 
No errors just didn't workout

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 August 2012
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Trade Open:     31/08/2012  
Trade Closed:  
13/09/2012
Currency Pair:
USDCHF
Time Frame:   
D1
Position:           Closed

PnL:                 
+127.2 pips

Note:

Inside Bar signal rejecting strong resistance seen on the Daily time frame. Targeting a 1:2 RR. Moved SL lower high low on 4h


Conclusion: 
happy with trade no errors also liked that I took the trade that was not a break but bought the pullback

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Trade Open:     21/08/2012  
Trade Closed:  
24/08/2012
Currency Pair:
GBPCAD
Time Frame:   
D1
Position:          
Closed
PnL:                 
+109.4 pips

Note:

Inside Bar signal rejecting strong support seen on the Daily time frame. Targeting a 1:2 RR. Moved SL to BE waiting for a higher low on 4h to move SL.


Conclusion: 
SL hit no errors made followed trading plan will wait for another valid PA signal to join the uptrend. I also liked the way it rejected key level of support and was not a breakout trade.

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Trade Open:     21/08/2012  
Trade Closed:  
23/08/2012
Currency Pair:
EURNZD
Time Frame:   
D1
Position:          
Closed
PnL:                 
+20.2 pips

Note:

Inside Bar signal rejecting strong support seen on the Daily time frame. Targeting a 1:2 RR. Locked in profits my moving SL to Higher Low on 4H.


Conclusion: 
SL hit overnight. SL was placed on last swing low on 4H time frame as per my trading plan. Pity as I think this market has more potential to the upside will try get in the market again once valid PA appears. I also liked the way it rejected key level of support and was not a breakout trade.


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Trade Open:     21/08/2012  
Trade Closed:  
Closed
Currency Pair:
EURAUD
Time Frame:   
D1
Position:           Closed

PnL:                 
+46.9 pips

Note:

Inside Bar signal rejecting strong support seen on the Daily time frame. Targeting a 1:2 RR. Locked in profits by moving SL to Higher Low on 4h.


Conclusion:
SL hit overnight. SL was placed on last swing low on 4H time frame as per my trading plan. Pity as I think this market has more potential to the upside will try get in the market again once valid PA appears. I also liked the way it rejected key level of support and was not a breakout trade.


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Trade Open:     21/08/2012  
Trade Closed:  
26/08/2012
Currency Pair:
CADCHF
Time Frame:   
4H
Position:          
Closed
PnL:                 
+124.5 pips

Note:

Inside Bar signal seen rejecting strong resistance with confirmation seen on the Daily time frame. Targeting a 1:2 RR. Locked in profits by moving SL to Lower High on 4h.


Conclusion:
SL hit no errors made followed trading plan I also liked the way it rejected key level of resistance and was not a breakout trade.



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Trade Open:     21/08/2012  
Trade Closed:  
22/08/2012
Currency Pair:
EURSEK
Time Frame:   
4H
Position:          
Closed
PnL:                 
+413.3

Note:

Inside Bar signal seen rejecting strong support with confirmation seen on the Daily time frame. Targeting a 1:2 RR. Locked in profits by moving SL to Higher Low on 4h


Conclusion:
No errors happy with trade execution I also liked the way it rejected key level of support and was not a breakout trade.



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Trade Open:     21/08/2012  
Trade Closed:  
28/08/2012
Currency Pair:
USDCHF
Time Frame:   
4H
Position:          
Closed
PnL:                 
+80.7 pips

Note:

Inside Bar signal seen rejecting strong resistance with confirmation seen on the Daily time frame. Targeting a 1:2 RR. Locked in profits my moving SL to Lower High on 4h.


Conclusion:
SL hit happy followed trading plan. next time I should check next level of support which in this case would have been resistance which in turn I would have tighten up my SL locking in more profit than I did. I also liked the way it rejected key level of resistanceand was not a breakout trade.


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 July 2012
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Trade Open:     19/07/2012  
Trade Closed:  
20/07/2012
Currency Pair:
EURUSD
Time Frame:   
D1
Position:          
Closed
PnL:                 
Order 1 = -142 pips Order 2 = -142 pips

Note:

Counter Trend trade where Pin Bar rejecting strong daily support. Also after such a huge move down I'm expecting some sort of pull back for bear run to resume . Able to get 1:2 PT

Conclusion:
After 2 failed pins it was an indication to me that the trade might not move any higher or break to the upside. I had to stick to my trading plan and let the market stop me out.

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Trade Open:     05/07/2012  
Trade Closed:  
10/07/2012
Currency Pair:
AUDUSD
Time Frame:   
D1
Position:          
Closed
PnL:                 
Order 1 = +83.8 pips Order 2 = +28.9 pips

Note:

Counter Trend trade where Pin Bar rejecting strong weekly Resistance. Also after such a huge move up I'm expecting some sort of pull back for bull run to resume . Able to get 1:2 PT

Conclusion:
PT 1:1 reached and second order at BE waiting for further move to the down side and once a swing high formed will move SL accordingly. Moved my SL as per plan where price flew up and hit it. Not ideal RR but hsppy the way I traded. Only thing to take from this trade id to make sure that the price closes below support or resistance. 

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 June 2012
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Trade Open:     20/06/2012  
Trade Closed:  

Currency Pair:
USDCAD
Time Frame:   
D1
Position:          
OPEN
PnL:                 


Note:

PB rejecting EMA & strong Resistance. 8/21 EMA crossing also Weekly and monthly charts on a downward trend. Able to get 1:2 PT

Conclusion:



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Trade Open:     07/06/2012  
Trade Closed:  
08/06/2012
Currency Pair:
EURGBP
Time Frame:   
D1
Position:          
Closed
PnL:                 
Order 1 = +6.9 Order 2 = +6.9

Note:

Bullish PB rejecting EMA & strong support. 8/21 EMA crossing. Able to get 1:2 PT

Conclusion:
Trade manually closed just above BE. Not my practice to close out trades manually but pin failed to have  any conviction and was fanning around

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 May 2012
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Trade Open:     29/05/2012  
Trade Closed:  
31/05/2012
Currency Pair:
EURJPY
Time Frame:   
D1
Position:          
Closed
PnL:               
Order 1 = +97.4 Order 2 = +192.1

Note:

Inside Bar + Bearish Pin bar rejecting long term level of support and rejecting 8EMA can be seen. EMA has crossed in a clear downward trend and also diverging, Broke weekly support. Placed 2 order one to take PT at 1:1 R/R and the other at 1:2. First order PT 1:1 hit and second order still active waiting for next major move to move SL to BE

Conclusion:
Trade closed for a profit of RR1:2. I believe that there is room for this pair to go lower but happy to pocket the profit and followed my trading plan

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Trade Open:     28/05/2012  
Trade Closed:  

Currency Pair:
EURGBP
Time Frame:   
D1
Position:          
OPEN
PnL:               
Order 1 = 30.5 Order 2 = Still active

Note:

Bearish Pin bar rejecting long term level of support and rejecting 8EMA can be seen. EMA has crossed in a clear downward trend and also diverging. .  Placed 2 order one to take PT at 1:1 R/R and the other at 1:2. First order PT 1:1 hit and second order still active waiting for next major move to move SL to BE

Conclusion:


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Trade Open:     13/05/2012  
Trade Closed:  

Currency Pair:
EURUSD
Time Frame:   
D1
Position:          
Closed
PnL:               
Order 1 = 108.3 Order 2 = 318.6

Note:

Inside Bar + Pin bar breaking and closing through long term level of support and rejecting 8EMA can be seen. EMA has crossed in a clear downward trend and also diverging. .  Placed 2 order one to take PT at 1:1 R/R and the other at 1:2. First order PT 1:1 hit and second order is beyond BE and in PT managing trade on 4H swings

Conclusion:
Had a limit which was hit if I was in front of the machine at the time would have moved the SL to next swing high on the 4H chart but anyhow good trade made a RR 1:3. Still think that this can go lower will try find another PA signal to get back into trade

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Trade Open:     10/05/2012  
Trade Closed:  
11/05/2012
Currency Pair:
GBPUSD
Time Frame:   
D1
Position:          
Closed
PnL:               
-64 pips

Note:

Pin bar with rejection of the long term level of support and 8/21EMA can be seen. EMA in a crossed in a clear upward trend and also diverging. Another peace of confluence was fibs at 0.500 retarcement of upward trend.  Placed 2 order one to take PT at 1:1 R/R and the other at 1:2.

Conclusion:
Due to the strong dollar and bad economic new coming from Europe  pin bar has fizzled out. Will still be looking for another PA around the 1.60 area for a long position.

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Trade Open:     02/05/2012  
Trade Closed:  
06/05/2012
Currency Pair:
EURGBP
Time Frame:   
D1
Position:          
Closed
PnL:               
+175 pips

Note:

Pin bar with rejection of the long term level of support and 8EMA can be seen. EMA in a crossed in a clear downward trend and also diverging. Placed 2 order one to take PT at 1:1 R/R and the other at 2:1.

Conclusion: 
I normally have 2 orders open on the same trade one with a limit the other without. When the one order hits the limit the other remains open allowing me to manage my trade and lock in as may pips as possible. My error was to place a stop on on the H1 instead of the H4 swing because I was greedy and didn't want to give profit back. If I managed the trade with H4 swings would have still been in the trade as EUR moving lower.

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Trade Open:     04/05/2012  
Trade Closed:  
06/05/2012
Currency Pair:
USDJPY
Time Frame:   
D1
Position:          
Closed
PnL:               
+26 pips

Note:

Pin bar forming eventually forming a PB + inside bar combination where rejection of the short term level of support and 8EMA can be seen. EMA in a crossed in a clear downward trend and also diverging. Placed 2 order one to take PT at 1:1 R/R and the other at 2:1.

Conclusion: 
Triggered and worked but didn't have the follow through like the GBPJPY. I closed the trade out manually because of the strong support seen in the weekly and monthly chart and the 200 EMA also added another point of confluence.

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 April 2012
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Trade Open:     25/04/2012  
Trade Closed:  
30/04/2012
Currency Pair:
GBPJPY
Time Frame:   
D1
Position:          
Closed
PnL:               
-120 pips

Note:

Double Pin bar forming a inside bar signal rejecting short term level of support and rejecting 8/21EMA. EMA also starting to cross and on weekly can see dynamic levels tested and ready for movement to the upside. Placed 2 order one to take PT at 1:1 R/R and the other at 2:1.

Conclusion:
Did nothing wrong with this trade like all my points of confluence but man what a roller coaster it was up then down market did nothing but chop sideways all week. Even with BoJ news didn't help the trade. Only thing I regret and not sticking to my trading plan is having 2 trades with similar currency pairs which is similar to doubling up. I prefer the GBPJPY setup more than this one, should have trader either one not both


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Trade Open:     25/04/2012  
Trade Closed:  
30/04/2012
Currency Pair:
CADJPY
Time Frame:   
D1
Position:          
Closed
PnL:                
-116 pips

Note:

Major Fakey + pin bar rejecting key level of support and rejecting 8/21EMA. EMA also starting to cross and on weekly can see dynamic levels tested and ready for movement to the upside. Placed 2 order one to take PT at 1:1 R/R and the other at 2:1.

Conclusion:
Did nothing wrong with this trade like all my points of confluence but man what a roller coaster it was up then down market did nothing but chop sideways all week. Even with BoJ news didn't help the trade.

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Trade Open:     17/04/2012  
Trade Closed:  
17/04/2012
Currency Pair:
USDCAD
Time Frame:   
D1
Position:          
Closed
PnL:                 +
99.1 pips

Note:

Bearish pin bar rejecting key level of support and rejecting 200 EMA. Placed 2 order one to take PT at 1:1 R/R and the other at 2:1.

Conclusion:
Initially trade was setup as set and forget and if I came back during intraday would remove limit on second order to then manage trade for larger R/R but second limit was hit and profit baked over all happy with this trade as followed all my rules of entry and exit


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Trade Open:     04/04/2012  
Trade Closed:  
09/04/2012
Currency Pair:
AUDJPY
Time Frame:   
D1
Position:          
Closed
PnL:                 +
26.6 pips

Note:

Inside Bar setup with a false break ending in a bearish pin bar. Confirmation also given buy EMA crossing confirming bearish trend. Major support broken once trade taken, entered the trade on the break of the mother candle for bearish confirmation.

Conclusion:
Seems like 21 EMA on Weekly chart was tested and price rebounded. SL was moved to BE once R/R 1:1 was reached then manged the trade with swing high on H4 chart. New will come out from BOJ where market expecting some sort of QE which could have affected price. Not a 1:2 reward so ok trade

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Trade Open:     02/04/2012  
Trade Closed:  
03/04/2012
Currency Pair:
USDJPY
Time Frame:   
D1
Position:          
Closed
PnL:                
-69.1 pips

Note:

Pin bar price action  taken to the upside.Trade taken with  pin bar testing short term support and closed above the 21 EMA. This trade is also a continuation of a long term trend.  Entered trade on 50% price retracement   of pin bar to the upside. PT 2:1 set limit @83.362

Conclusion: 
Pin bar was taken with no key level of support only used dynamic which is not enough will leave these alone in future

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March 2012
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Trade Open:     21/03/2012  
Trade Closed:  
27/03/2012
Currency Pair:
EURUSD
Time Frame:   
D1
Position:          
Open
PnL:                
+45 pips

Note:

Price Action with Inside Bar signal taken with strong support and pin bar testing the 8/21 EMA. This trade is also a continuation of a short term trend.  Entered trade on price breaking mother candle to the upside . Next few days we saw consolidation where support and EMA tested. Serious resistance at the 1.33200 if broken next target 1.35

Conclusion: 
Failed to reach my profit target so unhappy with risk reward but better than BE and a loss


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Trade Open:     20/03/2012  
Trade Closed: 
22/03/2012
Currency Pair:
NZDCHF
Time Frame:   
D1
Position:          
Closed
PnL:                
+77.8 pips

Note:

Price Action with Inside Bar signal taken with strong resistance. Trade was range bound with no idication with EMA.  Entered trade on price breaking mother candle to the downside.



Conclusion: 
Stopped out for a profit but fell short of my profit target, trade was managed on H4 swings then when none available use the 8/21 EMA

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Trade Open:     20/03/2012  
Trade Closed: 
  20/03/2012
Currency Pair:
USDCHF
Time Frame:   
H4 
Position:          
Closed
PnL:                
-16.8 pips

Note:

Price Action with Inside Bar signal taken where mother candle breaking support. Another peace of confluence was pin bar formation rejecting the 8EMA dynamic support. Entered trade with 50% retracement on pin bar. Trade was with the trend

Conclusion: 
Stopped out for a small loss better entry would have been previous swing where it rejected the 200EMA

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Trade Open:    14/03/2012  
Trade Closed: 
14/03/2012
Currency Pair:
EURUSD
Time Frame:   
H4 
Position:          
Closed
PnL:                
-53.3 pips

Note:
Trade setup was taken due to Inside bars forming with a false break to the down side where a bullish pin bar formed. Another sign of confluence was the pin bar bouncing off the support.  My entry point on this setup was the pin bar as I was unable get in on the 50%  retracement.

Conclusion:
Stopped out and failed to breakout as expected price action still very range bound. This trade was higher risk than usual due to the fact this trade setup was a counter trend.

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Trade Open:     12/03/2012  
Trade Closed: 
13/03/2012
Currency Pair:
USDJPY
Time Frame:   
H4 
Position:          
Closed
PnL:                
-21.1 pips

Note:
Trade setup was taken due to Inside bars forming with a false break to the down side where a bullish pin bar formed. The same pin bar was bouncing off the EMA. Another sign of confluence was the pin bar bouncing off the support where it was also crossing the EMA at the same point. My entry point on this setup was a 50%  retracement of the pin bar. I have a set PT but may change this to a fluid stop loss. Caution needs to be taken as BoJ and FOMC news to be announced on the 13/03/2012.

Conclusion:
Position stopped out due to news from BoJ backing off from additional easing.Happy with entry and pity being knocked out of trade because of news this is my favorite signal for entry. Checked charts last 2 days and this trade has gone up +130 pips

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Trade Open:    12/03/2012  
Trade Closed: 
13/03/2012
Currency Pair:
AUDUSD
Time Frame:   
D1
Position:          
Closed
PnL:                
+193 pips

Note:
Trade setup was taken due to Inside bars forming with bearish pin bar for mother candle. Mother candle also broke strong Resistance line to confirm possible break to the downside. Entry point with a 50% retracement.  Trade was manged with 8/21 EMA in conjunction with swing highs on a H4.

Conclusion:
Stop loss hit for +193 pips when RBA news was released. Over all a good trade all rules followed

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2 comments:

  1. Hi what software is this ? It look good

    ReplyDelete
  2. Hi Peter this is the trading platform supplied by FXCM which is my FX broker

    ReplyDelete