Showing posts with label aussie. Show all posts
Showing posts with label aussie. Show all posts

Thursday, 10 March 2011

Another perfect setup on Aussie 1h chart

I didn't take this one but it was another example of a perfect setup.

 The vertical red line shows the trigger for a short trade, since this pair was in a down trend and the purple 20 ema was below the red 80 ema.

Entry point is shown with a down arrow, stop loss with a X and target profit the green hand.



If i were in i'd have bought half-stake when the price reached my yellow support line, bring SL to BE and let the other half hit the TP.

Monday, 7 March 2011

Aussie saving the day.


After jumping the gun on Euro earlier in the day, and knowing how Aussie and Euro are related, i decided to place a long order on Aussie.
Before
My entry is justified by higher highs and higher lows and a consolidation around the daily pivot, when the 20 ema (purple) was flirting with the 80 ema (red) not knowing exactly where to go.

I knew, or hoped, that i priced broke the weekly pivot, it could reach D-R1. 






After


TP reached at D-R1 and trade closed to a profit of  32 pips.

Monday, 28 February 2011

"Before and After" 15min AUD/USD trade


Today i had the brilliant idea of taking a screen shot of the before and after. 

Below is the 15min AUD/USD chart this morning.


My reasoning behind this trade was purely based on the entry rules of the strategy.
1º) Purple (20) ema above the Red (80) ema
2º) Succession of higher highs and higher lows, which characterise an up trend
3º) CCI below -100 but moving back towards the positive side. 
      Stoch below 20 but moving back towards the positive side.


Entry: 1.01557
SL: 1.0115 (below previous low)
TP: 1.0192 at M-R1 (monthly pivot first resistance) 

This is the "after" chart with TP reached. 







I didn't close the trade at TP. I closed half stake, brought SL to BE+ 5pips and decided to let the trade run.



UPDATE

As i said before, i didn't close the trade at TP but decided to let it run a bit longer. I'm glad to say that i woke up today to a nice profit.


You can see two dashed lines. The top one shows my new TP and the bottom one shows the original TP.