FX Trading Diary 27 Oct 2011

USD/CAD

Trade 1 : Buy 0.9907, SL 0.875, TP 1.0123

Leading time frame : D1-H4.
Supply zone is at 1.0123-1.0186
Demand zone is at 09881-0.9934.
Entry Type : Pending order
Strength : 2/2. Strong move away from level.
Risk/Reward : 2/2. Risk 32 pips, Reward 216 pips.
Big Picture : 1.5/2. Daily trend is up and H4 trend is down. This might be an impulse wave.
Retracement : 2/2. This level is fresh.
Time at level : 0/1. Long 1.5 days worth of basing
Arrival : 0.5/1. Decent move down.
Total score :8

This might take a while before it takes off if it ever triggers.

EUR/USD

I am looking for a sell at the supply zone for a entry to continue the downtrend. This might be tough considering the strength of the move upwards. This will be an confirmation entry.


Trade 1 : Sell 1.4135, SL 1.416, TP1.3884. TP2 1.3969

Leading time frame : H4-H1.
Supply zone is at 1.4114-1.4153
Demand zone is at 1.3942-3968
Entry Type : Market order
Strength : 1/2. Strong but wicky away from level.
Risk/Reward : 2/2. Risk 30 pips, Reward 172 pips.
Big Picture : 1/2. H1 trend is down and M15 trend is up. This will be a impulse wave.
Retracement : 2/2. This level is fresh.
Time at level : 0/1. Not much basing, and it is a wick where the move started.
Arrival : 0/1. No idea yet
Total score : 6 /10

EUR/JPY

AUD/USD

FX Trading Diary 18 Oct 2011

USD/CAD

My sell has not triggered, and the levels are still good. So, I had refreshed the orders for another week.

Trade 1 : Sell @ 1.032, SL 1.0352, TP1 1.015, TP2 0.995

Leading time frame : D1-H4.
Demand zone is at 1.0322-1.0348.
Supply zone is at 09881-0.9934.
Entry Type : Market order
Strength : 2/2. Strong move away from level.
Risk/Reward : 2/2. Risk 32 pips, Reward 170 / 370 pips.
Big Picture : 1/2. Daily trend is up and H4 trend is down. This will be a correction wave.
Retracement : 1/2. This level is not fresh but not penetrated deeply each time.
Time at level : 0.5/1. Short nice basing for 6 hours.
Arrival : 0/1. No idea yet
Total score : 6.5

Trade 2 : Sell @ 1.0404, SL 1.0433, TP1 1.015, TP2 0.995

Leading time frame : D1-H4.
Demand zone is at 1.395-1.42.
Supply zone is at 09881-0.9934.
Entry Type : Pending order
Strength : 1/2. Reasonable strength of move away from level.
Risk/Reward : 2/2. Risk 29 pips, Reward 254 / 454 pips.
Big Picture : 1/2. Daily trend is up and H4 trend is down. This will be a correction wave.
Retracement : 1/2. This level is not fresh.
Time at level : 0.5/1. Short nice basing for 4 hours.
Arrival : 0/1. No idea yet
Total score : 5.5

EUR/USD

I am looking for a sell at the supply zone for a entry to continue the downtrend.


Trade 1 : Sell 1.372, SL 1.3738, TP 1.358 (Stopped out @ Break Even)
It went +60 and it reversed to hit my stop at break even. /wrist 

Leading time frame : H1-M15.
Supply zone is at 1.3712-1.3728
Demand zone is at 1.355-1.36
Entry Type : Pending order
Strength : 1/2. Decent away from level.
Risk/Reward : 2/2. Risk 18 pips, Reward 140 pips.
Big Picture : 2/2. H1 trend is down and M15 trend is up. This will be a impulse wave.
Retracement : 2/2. This level is fresh.
Time at level : 0.5/1. About 90 minutes of basing.
Arrival : 0/1. No idea yet
Total score : 7.5 /10

Trade 2 : Sell 1.378, SL 1.381, TP 1.358

Leading time frame : H1-M15.
Supply zone is at 1.3768-1.3806
Demand zone is at 1.355-1.36
Entry Type : Pending order
Strength : 1.5/2. Decent away from level.
Risk/Reward : 2/2. Risk 30 pips, Reward 200 pips.
Big Picture : 2/2. H1 trend is down and M15 trend is up. This will be a impulse wave.
Retracement : 2/2. This level is fresh.
Time at level : 0.5/1. About 90 minutes of basing.
Arrival : 0/1. No idea yet
Total score : 8 /10

Previous trades
14 Oct 2011 : Buy @ 1.3652, SL 1.364, TP1 1.378, TP2 1.391 (Stopped out)
14 Oct 2011: Buy @ 1.3596, SL 1.3553, TP1 1.378, TP2 1.391 (Stopped out)

Stopped out !

FX Trading Diary 14 Oct 2011

Sorry to whoever was reading my FX blog, there wasn't much entries lately because I was tired. My sister is in hospital for an operation and I got a truck load of work to finish.

I have updated the format again, hope whoever is insane enough to read this will like it.



USD/CAD

I am looking for a sell at the supply zone at two levels.

Trade 1 : Sell @ 1.032, SL 1.0352, TP1 1.015, TP2 0.995

Leading time frame : D1-H4.
Demand zone is at 1.0322-1.0348.
Supply zone is at 09881-0.9934.
Entry Type : Market order
Strength : 2/2. Strong move away from level.
Risk/Reward : 2/2. Risk 32 pips, Reward 170 / 370 pips.
Big Picture : 1/2. Daily trend is up and H4 trend is down. This will be a correction wave.
Retracement : 1/2. This level is not fresh but not penetrated deeply each time.
Time at level : 0.5/1. Short nice basing for 6 hours.
Arrival : 0/1. No idea yet
Total score : 6.5

Trade 2 : Sell @ 1.0404, SL 1.0433, TP1 1.015, TP2 0.995

Leading time frame : D1-H4.
Demand zone is at 1.395-1.42.
Supply zone is at 09881-0.9934.
Entry Type : Pending order
Strength : 1/2. Reasonable strength of move away from level.
Risk/Reward : 2/2. Risk 29 pips, Reward 254 / 454 pips.
Big Picture : 1/2. Daily trend is up and H4 trend is down. This will be a correction wave.
Retracement : 1/2. This level is not fresh.
Time at level : 0.5/1. Short nice basing for 4 hours.
Arrival : 0/1. No idea yet
Total score : 5.5

EUR/USD

I am looking for a buy at the demand zone at two levels.

Trade 1 : Buy @ 1.3652, SL 1.364, TP1 1.378, TP2 1.391 

Leading time frame : H1-M15.
Supply zone is at 1.391-1.394.
Demand zone is at 1.345-1.366
Entry Type : Pending order
Strength : 2/2. Strong move away from level.
Risk/Reward : 2/2. Risk 12 pips, Reward 128 / 258 pips.
Big Picture : 2/2. H1 trend is up and M15 trend is down. This will be a impulse wave.
Retracement : 2/2. This level is fresh.
Time at level : 0.5/1. About 90 minutes of basing.
Arrival : 0/1. No idea yet
Total score : 8.5

Trade 2 : Buy @ 1.3596, SL 1.3553, TP1 1.378, TP2 1.391

Leading time frame : H4-H1.
Supply zone is at 1.391-1.394.
Demand zone is at 1.3557-1.3597
Entry Type : Pending order
Strength : 1/2. Reasonable strength of move away from level.
Risk/Reward : 2/2. Risk 43 pips, Reward 184 / 314 pips.
Big Picture : 1/2. H4 trend is down and H1 trend is up. This is a correction wave.
Retracement : 1/2. This level is not fresh. There is a light penetration.
Time at level : 0.5/1. Basing for 5 hours.
Arrival : 0/1. No idea yet
Total score : 5.5

FX Trading Diary 2 Oct 2011

EUR/USD

2 Oct 2011 2300 Hours:

The price action on last Friday was a full day slow burning of all the demand levels. This kind of slow burning of levels is the hardest to bet a bounce off. I lost 40 pips in a failed buy at 1.3537. If the pattern continues on market open, the demand at 1.336-1.34 will be burnt through as well, possibly reaching the next demand at 1.325-1.328. Will market push without a retracement and continue in the tight downward channel? No idea.