Thursday, August 26, 2010
F08-002 - EURUSD
Price: 1.27001
Stoploss: 1.25838
1st Trailing Stop: 1.26383
Around 1.25800-1.2600 showed strong support from both Fibo fan and retrace. Also, the break of downtrend line suggest buying opportunity.
Wednesday, August 25, 2010
F08-001 - EURUSD
Monday, May 10, 2010
F05-004 - EUR/USD
Price: 1.2880
S/L: 1.2672
Loss: 208 pips
At daily chart stochastic is showing potential reversal as well as histogram in MACD. Though these two indicators alone give many false signals, I believe there should be a rebound after the large dip showing in both charts. As Europeans loan plan is approved over the weekend, we can see gap open breaking the downtrend line in 1H timeframe. Buy here and see where market will act.
Exit: got stopped out at S/L level, 1.2672 lose 208 pips.
Learning: Should have wait for gap closing and confirm MACD histogram in 4H chart first to enter the trade.
Friday, May 7, 2010
F05-003 - USD/JPY
Price: 93.84
S/L: 94.96
1st Trailing Stop: 92.76
Gain: 108 pips
USDJPY chart show the divergence in price action (Double tops) and presented indicators giving possible sell signal. Looking closer in 4H timeframe, look for the break out to enter the short position around 93.84. In smaller timeframe, MACD histogram showed continuously declines indicated the weaker power of the bull rally. The stop loss place at the top of previous high.
Exit: Hit stop loss at 92.76 after the big dip down to 88.00.
Wednesday, May 5, 2010
F05-002 - GBP/USD
S/L: 1.5391
Trailing Stop: 1.5270
2nd adjusted trailing stop: 1.4764
Gain: 469 pips
GBPUSD in daily chart is in the bearish sentiment as MACD lines are crossed about a week. Continuous downtrend is expected. Hence, look for the sell signal to go with the flow. Stop is placed at previous top.
Exit: Stopped out at 1.4764. Using previous pull back top in downtrend as trail stop, gain 469 pips
F05-001 - GOLD
Sell: GOLD
Price: 1178.75
S/L: 1192.05
Trailing Stop: 1177.45
Gain 13 pips
In daily chart, gold spot showed divergence between price action and MACD histogram as well as Stochastic giving us the sell signal. We look for the potential break out in the 1H time frame to confirm the end of uptrend. Stop loss is set at the previous top.
Exit: we got stopped out at trailing stop level at 1177.45 with 13 pips gain. After hit stop level gold spot make the new high at 1210 in the following day.