Wednesday, August 26, 2009

Got a Royal Canadian Kick in my Ass!


GBP.CAD trade was stopped out. I had initially thought that rice could get pass the resistance area, but it was not to be.

Riding the Canadian Train


I'm back on the Canadian pair, this GBP.CAD.


Let's see.

Another Break-Even Trade!


Yep, here's another one in which I got out with my tail still in one piece! This time it was CHF.JPY pair. In looking back, this pair is quite choppy - I consider myself lucky to get out without harming my capital.

The Singapore Swing


The USD.SGD trade was exited at a little above my Break-Even level. There was a very obvious resistance area that I had missed. Price bounced off it, and I was lucky to get out with some cash to spare.

Tuesday, August 25, 2009

Yen Cross


Entered another trade today, CHF.JPY. I liked what I saw on the 4hr, so I entered off from M30 chart.

Monday, August 24, 2009

New trade


Normally I would wait for the 4HR pinbar to break before entry. This time, I entered earlier, based on 15M PA trigger. I believe there are enough confluence for the 2nd touch trend line to hold, and to move down further subsequently.


I see 50/61.8% Fib retracement, as well as at PPZ.


Let's see if she wants to go down and boogie!

Lost my GBP.CHF trade. It looks like I entered the trade at the tail end of the downtrend. It was at the 4th touch, maybe 4th touch too many.


Will adjust my trading plan so that I will only take 2nd & 3rd touch of the trend line only.