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07/23/2009 GBPJPY Trade 2

I haven’t traded one of these in awhile.

Long 1 lot (100 units) GBJPY @ 5667 Stop @ 5438 (-229 pips) Take Profit @ 6667 (-1,000 pips)

Confidence Level: 5/10

Reason to take trade: Surprise box

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I was apprehensive about this trade because price really seems to be [...]

05/18/2009 GBPJPY Trade

Surprise Box trade.

Long 1 (50) GBPJPY @ 4671 Stop @ 4468 (-203) Target @ 5675 (+1,004)

Looks like a good trade, I have a 7/10 confidence level.

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As you can see, it would have been a very profitable trade if I had stayed in.  I closed out [...]

04/28/2009 GBPJPY Trade

Surprise Box trade on the 1 hour chart.

Short 1 (50) GBPJPY @ 4019 Stop @ 4204 (-185) Take Profit @ 3219 (+800)

Added a position:

Short 1 (50) @3953 Stop @ 4148 (-195) Take Profit @ 3219 (+734)

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The stop was pretty wide so I entered on [...]

02/15/2009 EURAUD Trade

Short 1 (150) EURAUD @ 9442 Stop @ 9668 (-226)

Surprise box setup.

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As you can see in the chart, it probably wasn’t the best surprise box because price was not as centered around the 800 SMA.  I had a bias to the short side because I felt [...]

02/11/2009 GBPJPY Trade

Small Surprise box trade:

Short 1 (100) GBPJPY @ 2956 Stop @ 3125 (-169) Limit @ 1956 (+1,000)

Very small surprise box but I have found that this type of small box can work on this pair so I entered the trade. Price made a strong move back into the box but was completely [...]

01/28/09 USDCAD Trade

Surprise box trade.

Short 1 (150) USDCAD @ 2041 Stop @ 2257 (-216) Target @ 1790 (+251) – previous support on the 4 hour chart

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I got stopped out for a -216 pip loss.  My mistake here was that the breakout candle was too long.  If I did [...]

01/20/09 AUDUSD Trade

This was a pretty long term trade as my trades go, I carried this one for 7 days.  Entry was a very large surprise box.

Short 1 (100) AUDUSD @ 6506 Stop @ 6687 (-181) Limit @ 5496 1 (+1,010)

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I got stopped out for a -181 pip [...]

1/20/09 EURCAD Trade

Another surprise box trade.

Short 1 (150) EURCAD @ 6277 Stop @ 6475 (-198) Limit @ 5269 (+1,008)

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I got stopped out on this trade for a -198 pip loss.  I don’t think this was a bad trade but perhaps I should have exited earlier.  There was too [...]

1/20/09 CHFJPY Trade

Short 1 (100) CHFJPY @ 7828 Stop @ 8040 (-212) Limit @ 6818 (+1,010)

Entered on a surprise box trade.  It was a slightly late entry but the first resistance level held, so I stayed in.

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I woke up in the morning and the pair dropped significantly.  Given [...]

1/13/09 EURUSD Trade

Another surprise box trade.

Short 1 (200) @ 3289 Stop @ 3410 (-121) Limit @ 2287 (+1002)

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Moved my stop to 3284 (+5) Moved stop to 3260 (+29)

Stopped out.  This was a pretty well executed trade, there is only one thing that I can see in retrospect [...]