FX Trading Diary 2 Nov 2011

USD/CAD

Trade 1 : Buy 0.9907, SL 0.875, TP 1.0123 (Manual Close For +104)
Price went on to 1.0224, after coming near the starting demand zone and ended up bouncing off 0.9922.

Trade 2 : Buy 0.9988, SL 0.997, TP 1.019

Leading time frame : H4-H1.
Supply zone is at 1.0185-1.0225
Demand zone is at 0.9975-0.9998
Entry Type : Pending order
Strength : 2/2. Strong move from level.
Risk/Reward : 2/2. Risk 19 pips, Reward 202 pips.
Big Picture : 1.5/2. H4 trend is down and H1 trend is up. This will be a impulse wave.
Retracement : 2/2. This level is fresh.
Time at level : 0.5/1. 6 hours of basing.

Arrival : 0/1. No idea.

Total score : 8 /10

EUR/USD

Trade 1 : Buy 1.383, SL 1.379, TP 1.414. (Stopped out for -40 pips)
Price based for hours and hours and finally broke downwards in a big way.

Trade 2 : Sell 1.3932, SL 1.3957, TP 1.383. (+102 pips)
Took a sell when price was leaving the demand zone and reached the next demand zone. Price actually punched through for another 170 pips.

Trade 3 : Sell 1.3935, SL 1.3973, TP 1.366

Leading time frame : H4-H1.
Supply zone is at 1.393-1.3967
Demand zone is at 1.3797-1.3839
Entry Type : Pending order
Strength : 2/2. Strong move from level.
Risk/Reward : 2/2. Risk 38 pips, Reward 275 pips.
Big Picture : 1.5/2. 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 : 1/1. Based for 4 hours
Arrival : 0/1. No idea
Total score : 8.5 /10

AUD/USD

Trade 1 : Sell 1.075, SL 1.079, TP 1.054. (+210 pips)
Trade almost never triggered and went on for a home run.

Trade 2 : Sell 1.0544, SL 1.057, TP 1.024

Leading time frame : H4-H1.
Supply zone is at 1.0535-1.0565
Demand zone is at 1.02-1.0245
Entry Type : Pending order
Strength : 2/2. Strong move from level.
Risk/Reward : 2/2. Risk 26 pips, Reward 304 pips.
Big Picture : 1.5/2. H4 trend is down and H1 trend is up. This will be a impulse wave.
Retracement : 2/2. This level is fresh.
Time at level : 0.5/1. 7 hours of basing.
Arrival : 0/1. No idea.
Total score : 8 /10

FX Trading Diary 31 Oct 2011

USD/CAD

Trade 1 : Buy 0.9907, SL 0.875, TP 1.0123 (Manual Close For +104)
Price wasn't gong anywhere, so I decided to kill the trade and take profit. The price action is getting choppy, so there is no new trade. I am expecting the demand zone is at 09881-0.9934 to be exhausted on the next hit.


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 (Order was cancelled and would have been stopped out)
Price was charging in too fast, so I killed the pending order.

Trade 2 : Buy 1.383, SL 1.379, TP1.414.

Leading time frame : H4-H1.
Supply zone is at 1.4136-1.4174
Demand zone is at 1.3797-1.3839
Entry Type : Pending order
Strength : 1.5/2. Strong move from level.
Risk/Reward : 2/2. Risk 40 pips, Reward 310 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. Based for 4 hours
Arrival : 0.5/1. It tool a hit and gave a nice bounce.
Total score : 8.5 /10