NZDCAD July 18, 2018 10pm
- Short position
- SL: 16 pips
- TP: 47.1
Confirmations:
- Double top off 4hr resistance
- Resisting under MA’s @break of structure
- Sell stop at break of support
Results:
- Took profit @.89149, sign of reversal
NZDCAD June 4th, 2019 12 am
- Long Position
- 3.4 lots
- SL: 31.2 pips
- TP: 62.5 pips
Confirmations:
- Broke weekly resistance
- 38.2 level hit on retracement
- Supported above EMAs
Results:
- Profits: $2,125
- Loss: 0
Thoughts:
- Multiple candlesticks needed to print above the weekly level in order to be valid. Staying patient gave me a decent entry
EURAUD March 12, 2019 6am
- Short position
- 4 lots
- SL: 18.4 pips
- TP: 32.2 pips
Confirmations:
- 61.8 retracement
- Rejecting off weekly resistance
Results:
Profits: $1,288
Loss: 0
Thoughts:
- I kept in mind price was near key support off trend-line. Smaller lot size used because of this
EURAUD March.5, 2019 9:30am
- Short position
- 4 lots
- SL: 27.2 pips
- TP: 58 pips
Confirmations:
- Head and shoulders pattern off daily resistance
- 61.8 retracement rejection
Results:
- Price came about 5 pips short from hitting TP before hitting SL on next 30min candle
- In actuality I would have placed a trailing stop and/or took partial profits when 1:1,...
Feb.21, 2019 930pm
- Short Position
- 4.5 lots
- SL: 24.3 pips
- TP: 60.6 pips
Confirmations:
- 61.8 retracement off 4hr resistance level
- Bearish engulfing
Results: 10pm
- Profit: $0
- Loss: $1,093
Thoughts:
- Was taken out by a vicious wick. Price ultimately fell afterwards hitting initial TP.
- The trade potential was there. Maybe should have set SL a...
Feb. 15, 2019 5am
- Short Position
- 3 lots
- SL: 36.2 pips
- TP: 88 pips
Confirmations
- Double top
- 61.8 retracement
Results:
- Profit: $2,640
- Loss: 0
Thoughts:
- Clean and simple. In reality I would have either used a trailing stop or took partial profits as 1:1, 2:1 ratios were hit.
March 7, 2019. 830am
- Short position
- 7 lots
- SL:13.5 pips
- TP: 32.2 pips
Confirmations:
- 38.2 retracement
- Double top
Results:
- Profit: $2254
- Loss: $0
Thoughts:
- This was identical to most trades I’ve taken with AUDUSD. Placing a trailing stop at entry when 1:1 is hit protects capital.
December 13, 8:30am
- Short Position
- 6 lots
- SL: 17.1 pips
- TP: 39.3 pips
Confirmations:
- False breakout at previously used resistance
- 61.8 retracement on pullback
- Multiple wicks, doji
Results:
AUDUSD Dec.13, 9pm
- Profit: $2,358
- Loss: $0
Thoughts:
- I knew this was a strong area of resistance. When I saw the fake breakout, it added another...
December 10, 10:15am
- Short Position
- 8 lots
- SL: 14.9 pips
- TP: 34 pips
Confirmations:
- Double top
- 61.8 retracement
Results:
AUDUSD Dec. 10, 11am
- Profit: $2,720
- Loss: 0
Thoughts:
- This was a quick trade. Hit tp in an hour. Was a bit aggressive because I would have set a sell limit at @0.72145.
- Was willing to take the aggressive play because I...
