29 Dec 2014: Daytrade #2

I tried to trade this M5 range on the EURJPY. The salmon-coloured zones represent support / resistance zones.  I saw that a range was formin...

Top tradr

29 Dec 2014: Daytrade #1

Didn't do much trading during the Xmas break. I had alot of hours at work, and needed the rest of my time to Xmas shop or relax. I only ...

Trades

How to trade a range breakout

How should we trade the breakout of a range? These are some possibilities that I've thought of. All the following strategies assume that...

19 Dec 2014: Daytrade #1

Not the best trade in the world. I tried to go short on the break of support but was quickly stopped out within a minute. Slippage was prett...

18 Dec 2014: Daytrade #2

I learnt my lesson from my previous trade i.e. moving my entry beyond S/R when trading breakouts.  In this trade, I spotted a pennant formin...

18 Dec 2014: Daytrade #1

This trade was a loss. The USDJPY had been slowly drifting downwards, when I noticed a shift in momentum.  The USDJPY broke down lower, but ...

16 Dec 2014: daytrade #14

Today's actually been pretty busy on the USDJPY. I took around 14 trades and made a small profit. My broker will be happy. A few of thos...

16 Dec 2014: Daytrade #1

I'm about to duck out to finish my Christmas shopping. This was a trade I took in the middle of the Asian session. The H1 and M5 USDJPY ...

15 Dec 2014: Daytrade example

I took nine trades today, which is alot. Sadly, I finished slightly below breakeven (transaction costs consumed the nominal profit I made to...

Tight stop losses vs wide stop losses

When should you use a tight stop loss versus a wide stop loss?  The definition of 'tight' or 'wide' is subjective, but I per...

11 Dec 2014: Daytrade #4

This was a trade I took just before I went to sleep. I was checking the charts one last time and saw a bit of price action that I found inte...

11 Dec 2014: Daytrade #3

Final trade for today.  This trade took place in the first half of the Euro / US overlap session. Price on the AUDJPY plummeted 70 pips in t...

11 Dec 2014: Daytrade #2

I closed this trade with a very tiny profit (around 0.2R). I saw that price had broken the high of the range on the AUDJPY, but then fell ba...

11 Dec 2014: Daytrade #1

I tried trading the AUDJPY during the Asian session today. Price on the 5M chart had begun to fall, before stopping and forming a range.  Th...

10 Dec 2014: Daytrade #1

Only had time to enter one trade today because of work. Only got an hour left before I sleep so I may enter another trade. Will see what hap...

8 Dec 2014: AUDUSD daytrade #3

This was a trade I took at 3.30AM this morning. You know you're a trader when you think about trading and can't sleep. The AUDUSD ha...

8 Dec 2014: EURUSD daytrade

This was a loser. I went short going into support during the start of the Euro / US overlap. The downward momentum looked pretty strong and ...

8 Dec 2014: AUDUSD daytrade #2

This trade was a bit iffy. Retail sentiment on the AUDUSD was still significantly bullish (65%) so I was looking for shorting opportunities....

8 Dec 2014: AUDUSD daytrade

Price gapped lower on the market's open this morning, right below last week's low. Last week's low served as a resistance level,...

AUDUSD Forecast for 8 Dec 2014 (and live calls from 24 Nov)

I spent this afternoon analysing the AUDUSD and coming up with a battle plan for tomorrow. This is what I think will happen. According to OA...

5 Dec 2014: USDCAD daytrade #3

I tried to short the USDCAD a second time, this time successfully.  I saw a very strong retreat on the USDCAD and regarded this as a sign of...

5 Dec 2014: USDCAD daytrade #2

I tried to fade the USDCAD after the NFP and Canadian figures were released awhile ago. This was based on the belief that bulls would start ...

5 Dec 2014: USDCAD daytrade

This was a big day for the USDCAD. The US NFP figure and Canadian employment and trade figures all came out tonight at the same time, result...

4 Dec 2014: USDCHF daytrade

This was a discretionary trade on the USDCHF.  The European Central Bank had just held a press conference, causing the USDCHF to plummet lik...

3 Dec 2014: USDJPY daytrade #3

This was a wildly speculative trade. ADP NFP numbers had just come out. These are unofficial NFP numbers, but they still have a major impact...

3 Dec 2014: GBPUSD daytrade

This was a pretty dumb trade. The London session had just started and price looked to be going down. However, there were a few obstacles: 1)...

AUDNZD - Update 3rd December, 2014

AUDNZD - Update 3rd December, 2014 This is an update to the analysis I did last week, where I was expecting the AUDNZD to drop to the curr...

3 Dec 2014: USDJPY daytrade #2

This trade took place shortly after I closed my previous  short . I went long off a support level at 119.300. This was the previous day'...

3 Dec 2014: USDJPY daytrade

I took a counter-trend trade on the USDJPY this morning. Price had been rising during the Tokyo session before it began to turn downward and...