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Last Day of October: Trades

October 29th, 2010 / 2 comments

Here are my trades for October 29, 2010.   I closed out a trade from a few days ago and did two new trades.

This was the final result:

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Trading: October 27, 2010

October 27th, 2010 / Leave a comment

Here is my trade for the day:

Trade Review:

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08/12/2009 GBPJPY Trade

August 13th, 2009 / Leave a comment

Short 1 lot (800 units) GBPJPY @ 5724 Stop @ 5750 (-26 pips) Target @ 5698 (+26 pips)

Confidence Level: 5/10

Reasons to take trade:

Bounce off S1 pivot Bounce off former support on 15 min chart Hit 50% Fibo retracement on 1 hour chart Key S/R level on 1 hour chart

Click above [...]

08/12/2009 GBPJPY Trade 2

August 12th, 2009 / Leave a comment

Short 1 lot (200 units) GBPJPY @ 5773 Stop @ 5875 (-102 pips) Target @ 5671 (+102 pips)

Confidence Level: 5/10

Reason to take trade: Bounce of previous high

Click above for larger image

The reason for getting into this trade was pretty weak.  There should be at least 3 levels that would give [...]

08/07/2009 GBPJPY Trade

August 7th, 2009 / One comment - (Comments are closed)

Sell 1 lot (800 units) GBPJPY @ 6234 Stop @ 6265 (-31 pips) Target @ 6203 (+31 pips)

Confidence level: 6/10

Reason to take trade:

Resistance Daily high Pivot point

Click above for larger image

Closed trade early…closed 700 units at 6213 and 100 units at 6265 for a total unit weighted profit of [...]

08/05/2009 GBPJPY Trade

August 5th, 2009 / Comments are closed

Short 1 lot (700 units) GBPJPY @ 6153 Stop @ 6185 (-32 pips) Target @ 6115 (+38 pips)

Confidence Level: 5/10

Reasons to take trade:

Bounce off strong resistance Bounce off M3 pivot

Click above for larger image

I was apprehensive about this trade because price is bouncing off the trendline on the 1 [...]

08/04/2009 GBPJPY Trade 2

August 4th, 2009 / One comment - (Comments are closed)

Short 1 lot (1,000 units) GBPJPY @ 6056 Stop @ 6075 (-19) Target @ 6037 (+19)

Confidence Level: 4/10

Reason to enter trade: Channel bounce on Daily chart.  Same trade as previous trade.

Click above for larger image

Stopped out at 6075, for a loss of -19 pips.  I only got stopped out by [...]

08/04/2009 GBPJPY Trade

August 4th, 2009 / Comments are closed

Short 1 lot (1,000 units) GBPJPY @ 6051 Stop @ 6070 (-19 pips) Target @ 6032 (+19 pips)

Confidence Level: 4/10

Reason to take trade:  Channel bounce on Daily chart.

It was in a tight range and looked like it would head lower.

Click above for larger image

Price action didn’t look good so [...]

07/29/2009 GPBJPY Trade

July 29th, 2009 / One comment - (Comments are closed)

Long 1 lot (600 units) GBPJPY @ 5549 Stop @ 5510 (-39 pips) Target @ 5588 (+39 pips)

Confidence Level: 8/10

Reasons to take trade:

Bounce off pivot Bounce off support during Asia Price holding in well defined range

I actually entered late on this trade, I missed the bouce level by 15 pips.  It [...]

07/28/2009 GBPJPY Trade

July 28th, 2009 / Comments are closed

Short 1 lot (500 units) GBPJPY @ 5731 Stop @ 5775 (-44 pips) First target @ 5687 (+44 pips)

Confidence Level: 7/10

Reasons to take trade:

Strong resistance at highs on 1 hour chart Pivot resistance @ 5720 Bearish short-term bias based on the trendline on the daily chart

Click above for larger image

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