New Trade

Let's see how high she wants to go, if at all.

New Trade

Well, it's about time that I knock in a new trade......after waiting for what appears like eternity!

New trade

I've decided to jumped into the CAD.JPY pair that I was eyeing in my previous post. I let the USD.SGD pair go, simply because I do not have sufficient capital in my brokerage account. Somehow my spreadsheet calculation for the capital required is not correct.

If OANDA (my brokerage account) had a higher leverage instead of 50:1, this would not have been a problem. I'll have to shovel in more cash into my account so that I do not miss out on similar opportunities again.

Still, it no big deal, as there are always other trades waiting for me once I've closed out my CAD.JPY position. I like the way the price pattern is shaping up. Heck, I might even ride this out a bit longer, as this pair does appear to be with the trend.

New Trade

A trade that I'm currently in. This is probably not a sell-and-hold type of trade, as there's a bit of consolidation ahead.

Definitely not the type of trade to go for, if the focus is on getting good r/r.....

.....however, sometimes I just have to take what the market wants to give me, if at all.

This is off a daily chart, so we'll see how this baby goes in the next couple of days.

Change of Approach, and a New Trade!

As a trader, I am always analyzing and refining my trading approach. I am constantly evolving as I learn & experience new twists in my trading framework.

I have decided to replace my usual MACD with RSI as Divergence indicator.

I have also started to look at hourly charts, since I do have a lot of time to kill. In fact, here's my 1st trade using the hourly chart. Nice location, with RSI divergence to boot as well.

With the hourly chart, I will need to manage the trade a little bit closer. Let's see where it goes.

New trade

New trade for this week. Currently in drawdown...boo....hoo....!

Another ride on the Euro Dollar train!

New trade on the EUR.USD, this time from Long position.

I reserve the right to change my mind!

I did mention that I was eyeing the CHF.JPY pair. I also mentioned that I don't plan to enter any new trades today, due to the upcoming NFP news.

Well, the CHF.JPY broke to the downside, and I promptly went on-board! I like the setup, and I think there may be enough move to the downside to at least give me a chance to reduce my risk as the trade progresses.

Let's see how she goes!

EUR.JPY New Trade

It looks like I just can't get enough of the Yen crosses! After exiting from the nzd.jpy trade, I took a short position on eur.jpy today. Not really an "A" trade in my book, but still tradeable in my opinion.

The market will let me know soon enough whether or not it agrees with my opinion, so let's see how this trade unfolds!

Kiwi-Yen New Trade

A new week, a new trade. Let's see how far this Kiwi bird wants to go, as it gingerly marches towards the land of the rising sun!

EUR.CAD

A trade that I just entered. This is a counter-trend trade, so I'll be pretty quick to pull the trigger when the time comes.

EUR GBP

The EUR.GBP pair that I talked about in my previous post has now made its move heading south. I'm now short on this pair.

Why I took this trade? I liked the way it bounced of the 8750 level, which is a major PPZ area in my opinion. I also like the price action that took place in that area.