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 !