EUR/USD - pips in!

Everybody knows that deciding to stay out of the market is as hard as deciding to go long or short. Since the unfortunate events in Japan and Libya, the market has been hard to read and unappealing to me.

I entered this trade yesterday night following the signal Y (as shown on the chart) but one could've entered it today on signal T.

Entry: 1.4186
SL: 1.4219 (above previous high)
TP: 1.4136 (MR-2 or today's DR-2)

Yes, i know it was a conservative TP and i could have made another 30 pips.

Total profit: 50 pips

USD/CAD - Update

This is an update from the trade i mentioned in the last.

I'm glad i bought half-stake at 30 pips ...

I had to go out and decided to move my SL to 0.9923. "Pips in" but not as many as i'd have liked.

USD/CAD Half-way through

This trade is still ongoing ...

15min chart

Entry, SL and TP are marked on the chart but you'll notice that there's no trigger to enter this trade...









This is because the trigger is from the 1h chart, as shown below.
 

1h chart

I've sold half-stake when price reached 30 pips and brought SL to BE.

Perfect setup on cable (gbpusd) ... Pips in!

Today was a dangerous day to trade cable because of all the main news coming out (i.e. Manufacturing Production and Official Bank Rate) so i used 1/3 of my normal stake.

Before - click to enlarge

I marked on chart my entry point and stop loss.

Purple ema (20) is below the red ema (80). CCI and Stochastic are moving in unison from their highest levels toward their respectively lowest levels. 

After - click to enlarge

Some time later and this is the result.

My target profit was at W-S1 (weekly support 1) but as you can see i could've made more pips all the way to D-S2 (daily pivot support 2).

I'm happy with this being my only trade of the day with  47 pips of profit.

Topping it up with cable (gbpusd) ...

    Trading is like playing football or racing cars or telling jokes. It's a performance. You have good days and bad days and what happens in your life will, unfortunately, affect your decisions. Let's just say that i didn't get much rest on the weekend.

     Before getting it wrong earlier on with Euro, i placed an order on cable to go short, as i thought it needed a correction before moving higher again. My theory was based on Fibonacci, so i knew exactly where i wanted the price to go before i could go long again. I usually look at the 50% and 61.8% levels as possible reversals , so when placing my order at 1.6247 i was expecting a TP around the 50% level.

Fibonacci on the 1h chart

 I must confess that my heart sank when i saw cable shoot up through DP almost 60 pips without taking me with him...

Entry, SL and TP on 15min

 I also feel obliged to admit that i had forgotten my order on cable placed at 7:40am (GMT) when it was triggered in the afternoon.

The good thing is that my TP was eventually reached. 

When price reached D-S1 i bought back half-stake, set SL to BE and let the rest run.

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.

Short trade on cable (GBP/USD) - 24 to 25/02 Pips in!

  

Perfect setup but this time i took it. 

The red vertical line shows the trigger. Purple below the red, CCI and Stochastic moved all the way up and then started moving down. 

My entry was a 1.6132 (below previous low), SL just above DP and previous highs and target profit WS-1, which today is almost at the same level of D-S1.

I actually bought half-stake at around 1.6079 and brought SL to BE and let the rest run to TP.