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A Head and Shoulder pattern in EURGBP weekly chart. The real show started if the price could break 0.7635. However, I’ve placed the trade already.
My entry at 0.7736
SL only 0.7766
TP 0.7
It is better to close position. I have a couple of trades other than AUDUSD. It is USDCHF and USDCAD, both are making profit. The direction are still the same, but I am afraid correction may take place. So I exit all my trades.
This is how I exit a few trades
EURUSD direction is down. but the entry price might be at 1.11250 – 1.1270.
For me.. this week is profitable.. 🙂
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This is Open my open trade USDCHF +77 pips
CADJPY +83 Pips
AUDJPY +97 pips
If you ask how much is it, then it depends on my stop loss. I use Stop Loss 30 pips for USDCHF, 50 pips for CADJPY and AUDY
So if my risk per trade is 3% then the open profit will be
USDCHF 77 / 30 = 2.56 * 3% = 7.7%
CDJPY 83 / 50 = 1.66 * 3% = 4.98%
AUDJPY 97 / 50 = 1.94 * 3% = 5.82%
So total will be 18.5%
This will be recover a few losses that I have previously.
EURCAD +60 pips
EURNZD +137 pips
USDCAD +191 pips
If you ask me how much is it, then, it depends to the stop loss. EURCAD SL 45 pips, EURNZD 45 pips, USDCAD 30 pips
EURCAD 4%
EURNZD 9.1%
USDCAD 19.1%
Total it is 32.2%
Is that amazing?
As long as you take more profits as your take profit, more than you stop loss pips, it will be very good in the long term.
Leave a CommentExit USD position
Winning USDCAD 120 pips.. AUDUSD 30 pips NZDUSD 60 pips
After having Sell USDCAD and Buy NZDUSD, all of those trades are risk free now. (80 pips & 30 pips)
I open another AUDUSD
Buy AUDUSD at 0.7600
SL 0.7570
TP just release it…
It is a speculative movement of SELL AUDUSD. I may think the USD might get back its power. AUDUSD starts to stay as a downfall pattern. Showing a Head And Shoulder pattern within daily chart.
It may be the USD may got its power. So this might be the starting of Selling EURUSD, GBPUSD, NZDUSD and buying USDCAD.
My entry Sell AUDUSD at 0.7550
SL 0.7580
TP 0.7429
Could be the larger movement if the USD power is back.
Leave a CommentHappy New Year 2016 to everyone. Hopefully this year could bring more happiness, good health and prosperity.
Enjoy your holiday.
Leave a CommentHappy belated Christmas. Merry Christmas. Hope you enjoy pips.
Forex Market is open during holiday, but the volume is not so good. We suggest you to take a holiday during Christmas & new year holiday. We close all the trades on December 17, and stop trading.
We will do first trading on 4 of January.
The reason is because the forex volume is low, and it is very common non following technical analysis. if we kept on trading, it may lead to serial losses.
So Enjoy your holiday. 🙂 Wish you a wonderful Christmas & New Year.
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