Tuesday, January 31, 2012

Neutral Trend?


Neutral trend? I went for a sell.

TP @ 80.30
SL @ 81.55

* A risky one.

Monday, January 30, 2012

Continue To Short


Strong down trend. Continue to short. Though missed a good entry.

TP @ 80.95

Friday, January 27, 2012

Intraday Trading Theory : Counter Trend


Earlier today I posted a sell signal. I did not trade the sell signal (a winning trade), in fact I actually went for a buy.

I tested my Counter Trend method. Still remember that almost every candle got 2 shadows?

If the price retrace upwards, it will form the shadow below the body. So with this in mind, when the price reaches the expected distance to cover line, I went for a buy for a 20 pips gain.

* On a side note, I refer to other currency pair to determine the strength. I'm still experimenting this method.

Start Of A Reversal Or Retracement?


Pin bar form at daily chart SR levels hinting a reversal.


Weak down trend. Kind of risky to enter now. Wait for price to retrace above 82.10 and sell.

TP @ 81.75

* This might be a risky trade. Be careful. I will not trade today.

Thursday, January 26, 2012

Wednesday, January 25, 2012

To Trade Or Not To?


Strong Trend. Be careful to trade these few days as there are lots of news.

Anyway, missed a good entry point. Enter when the price retrace.

TP @ 82.00

Tuesday, January 24, 2012

Continue To Ride?


Price is at SR levels on the daily chart. Trend is medium strong.



Enter at 80.85
TP at 81.55

* This might be a risky trade.


Monday, January 23, 2012

Riding On The Bull


Woke up late and miss a good entry. The entry should be around 80.50 area if you have read my strategy you should have know it.

TP @ 81.10

Friday, January 20, 2012

AUD Is Weak But JPY is Weaker


Referencing to other pairs. AUD is weak but JPY seems to be weaker.

By following our strategy, Long near 80.16
TP at 80.80

Tuesday, January 17, 2012

Considation. Waiting For A Breakout!


Waiting for a breakout. Price has been consolidating these few days. Strategy for trade signal : Breakout.

Price close above 79.743, LONG.
Price close below 78.595, SHORT.

Friday, January 13, 2012

Another Pin Bar Formation


Another pin bar at the top. Looks like it is going down. Hope all visitors profit from my previous trade call.

Tuesday, January 10, 2012

Pin Bar Formation




Pin bar formation. Price closing above trend line. As per previous call, continue to long.

Friday, January 6, 2012

Let's go for a "Long" Journey


Price closing above the trend line.

Referring to my previous post. I guess we all are packed for the "Long" journey.

Tuesday, January 3, 2012

Fibonacci VS DSR 4


Comparing Fibonacci Levels with DSR 4 SR Levels. As you can see, I have 2 SR levels so close to the Fibo levels.

I'm waiting for a "Long" journey. 3 entry points.

1st entry at 78.909
2nd entry at 78.648
3rd entry at 78.214