Lesson to learn: GBPAUD -40pips (29 Nov 2013 10.42pm GMT+8)
2 Lessons to learn: Stick to trading hours 2.30pm to 9.30pm GMT+8 Do not trade 30min 2 leg pull back + LH /HL. Only 15m TF
Tag Archives: Trades
A possible new GBPUSD similar to a previous EURUSD setup
This GBPUSD setup is very similar to this EURUSD setup. Although the LH broke the 2 leg pull back swing low, it was still valid. I think the key is that all 2 leg pull backs and LH must only last for a max of 1 bar (just like the EURUSD setup)
AUDUSD buy (29 Nov 2013 3.38pm GMT +8)
AU long: 2 leg pull back HL. I made a mistake actually. I went long on the intra bar HL, when I’m supposed to long only after a HL of at least one 15m bar spacing. (lesson to learn here…) Let’s see how this goes Update: breakeven
EURJPY buy (28 Nov 2013 8.30pm GMT+8)
EURJPY long, 2 leg pull back + HL. No VWAP confluence so TP is at nearest pivot (daily R1). Let’s see how this goes. Update: closed at BE. US bank holiday. Not likely to move to TP
AUDUSD breakeven (28 Nov 2013 3.31pm GMT +8)
Went long on AUDUSD today, took a long time to get going. In the end Breakeven. However I’m glad for my discipline to stick to the TP. i.e. TP placed at nearest pivot if there is VWAP confluence, else TP at the nearest mid pivot/pivot
Lessons to learn: AUDJPY (28 Nov 2013 3pm GMT+8)
Lesson to learn: AUDJPY 2 leg pull back high must not break the swing high…even if it produces a HL later..the setup is not valid. See what happened…? There was a fake out…bulls got trapped long. The original 2 leg pull back + HL must be followed exactly! (2 leg pull back correction high must… Read More »
EURJPY +14pips (27 Nov 2013 4.17pm GMT+8)
Once again, 2 leg pull back (lower, doesn’t matter higher or lower) + HL TP is first pivot/midpivot because no VWAP confluence.
GBPJPY +19pips (27 Nov 2013, 3.30pm GMT+8)
Once again, 2 leg pull back (higher, doesn’t matter higher or lower) + HL TP is first pivot/midpivot because no VWAP confluence.
Lessons to learn: EURCAD
Even though the HL broke the 2 leg pull back’s high, it is still valid. See this EURUSD trade. However, I would be reluctant to take this trade because of the VWAP lines all forming prior resistance.