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08/03/2009 GBPJPY Trade

August 3rd, 2009 / One comment - (Comments are closed)

Short 1 lot (200 units) GBPJPY @ 5818 Stop @ 5925 (-107) Target @ 5711 (+107)

Confidence level: 5/10

Reason to take trade:  TriScreen setup

Click above for larger image

I got stopped out for a -107 pip loss.  As you can see, I didn’t wait for the %R to roll out of overbought.  [...]

07/20/2009 GBPJPY Trade

July 20th, 2009 / Comments are closed

Short 1 lot (250 units) GBPJPY @ 5567 Stop @ 5660 (-98 pips) Target @ 5464 (+98 pips)

Confidence Level: 7/10

Reasons to enter trade:

Same as the reasons in previous trade. TriScreen setup

This is  a re-entry of the previous trade on 7/19.

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This time the trade worked [...]

07/19/2009 GBPJPY Trade

July 19th, 2009 / One comment - (Comments are closed)

Short 1 lot (400 units) GBPJPY @ 5491 Stop @ 5545 (-54 pips) Target @ 5326 (+165 pips)

Confidence Level: 5/10

Reasons to take trade:

Bounce off 5489 key level Bounce off bottom of channel on Daily chart Previous support fractal Early TriScreen entry, MACD divergence

Click above for larger image

I got stopped [...]

07/13/2009 GBPJPY Trade

July 13th, 2009 / 2 comments - (Comments are closed)

Long 1 lot (100 units) GBPJPY @ 4812 Stop @ 4613 (-199 pips) Target @ 5016 (+204 pips)

Confidence Level: 5/10

Reasons to take trade:

Bounce off S1 Pivot Big figure bounce at 4800 Late TriScreen entry Support level on 15 min chart

Click above for larger image

The fact that I entered late [...]

05/29/2009 GBPJPY Trade

May 30th, 2009 / Comments are closed

TriScreen Trade

Short 1 (100) GBPJPY @ 5496 Stop @ 5585 (-89 pips) Target @ 5374 (+122 pips)

Click above for larger image

Confidence on this trade was 6/10.  Entered the first position early and entered the second position on the traditional TriScreen entry.  The entry level on the first position was triggered by [...]

05/20/2009 GBPJPY Trade

May 26th, 2009 / 2 comments - (Comments are closed)

This was another TriScreen but with a big stones early entry.

Short 1 (400) GBPJPY @ 4968 Stop @ 5010 (-42) Target N/A

It was late in the day and I saw that price was bouncing a third time of a significant resistance point.  I decided to enter on what Chris Lori calls the big [...]

05/06/2009 GBPJPY Trade

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

This was a TriScreen Trade that was executed late but was done in conjunction with the break of a previous support level.

Short 1 (100) GBPJPY @ 4697 Stop @4790 (-93) Target @ 4515 (+182)

Click here for larger image

This was a bad trade.  I should have stuck to the rules of the [...]

04/08/2009 USDCHF Trade

April 9th, 2009 / One comment - (Comments are closed)

TriScreen Trade

Short 1 (400) USDCHF @ 1450 Stop @ 1519 (-69 pips) Target @ 1370 (+80 pips)

Click above for larger image

I got stopped out for a -72 pips loss.  The target on this trade was way too ambitious.  I should have taken the 25 pips and gotten out when price failed [...]

Second Time is the Charm

March 27th, 2009 / One comment - (Comments are closed)

Like I mentioned the previous post, this is still a valid trade and I decided to enter again when the %R rolled out of overbought.

Short 2 (250) USDJPY @ 9845 Stop @ 9895 (-50) Target 1 @ 9675 (+170) Target 1 @ 9750 (+95)

Again, this is a TriScreen trade and my confidence was [...]

03/26/2009 USDJPY Trade

March 27th, 2009 / 2 comments - (Comments are closed)

Short 1 (500) USDJPY @ 9823 Stop @ 9875 (-52) Target @ 9735 (+88)

TriScreen trade -  On this trade I didn’t use two lots like I usually do because my backtesting has shown that adding the second lot in the USDJPY pair doesn’t significantly add to the bottom line and may in fact subtract [...]

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