USDJPY 10/11/10

AUDUSD 4/11/2010

AUDUSD 27/09/10

USDJPY 20/09/10

USDCAD 20/09/10

AUDUSD 20/09/2010

EURUSD 20/09/10 SCALPING

EURAUD 16/09/10

Sell Entry: 1.3920

Stop Loss: 1.3940

T/Profit: 

Trailing Stop: 30 Pips

Potential Loss: 20Pips

Potential Profit:   Pips

Reason for entry: going for 1st Top 

Reason for T/Profit: 

Reason for Stop Loss: 20 pips is how much I am willing to lose since I am picking it the top.

Reason for Trailing stop: 

Result: 
Stopped at: 1.3940
Loss: 20 Pips

Thoughts:

19/09/10 - To be honest, I truly believe that this would be a good setup. I will do it again and will change if 90% of the time I'm wrong. 

EURCHF 16/09/10

Sell Entry: 1.30748

Stop Loss: 1.30948

T/Profit: 

Trailing Stop: 20 Pips

Potential Loss: 20Pips

Potential Profit:   Pips

Reason for entry: It was downtrend and going to hip the 1st top since 29 June 2010

Reason for T/Profit: 

Reason for Stop Loss: 20 pips is how much I am willing to lose.

Reason for Trailing stop: 

Result: 
Stopped at: 1.30948
Loss: 20 Pips

Thoughts:

19/09/10 - I think this is a bad setup. After I looked closely, the mistake I made would be I misread the entry point. If I picked the  1.30748 as the entry point. I could see that there EUR has already been breaking that price. I shouldn't have put the entry there and there shouldn't be a resistance line there. I will not trade this setup.

EURCAD 17/09/2010

Sell Entry: 1.33961 x2 contracts

Stop Loss: 1.34357 x2

T/Profit: 1.29358x2

Trailing Stop: 30 Pips

Potential Loss: 39Pips x2 = 78

Potential Profit: 460 Pips x2 

Reason for entry: Overall downtrend and there is a channel 

Reason for T/Profit: Next support line at 

1.29358

Reason for Stop Loss: Next resistance line at 

1.34357

Reason for Trailing stop: 

Result: 
Stopped at: 1.29358
Loss: 78 Pips

Thoughts:

19/09/10 - I think this is a good setup. I believe I did not give a larger Stop Loss and I should. I will put on the same again tomorrow morning. The mistake I made, I believe, would be the stop loss. I should maximise it to a total of 300 pips. And that is the max risk i am willing to trade (1%x account balance)

EURGBP 15/9/10

Sell Entry: 0.83867

Stop Loss: 0.83557

T/Profit: 0.82011

Trailing Stop: 30 Pips

Potential Loss: 31Pips

Potential Profit: 186 Pips

Reason for entry: going for 3rd Top 

Reason for T/Profit: Next resistance line at 

0.82011

Reason for Stop Loss: 20 pips is how much I am willing to lose since I am picking it the top.

Reason for Trailing stop: each candle fluctuates around 60 pips

Result: 
Stopped at: 0.83363
Profit: 50 Pips

Thoughts:

19/09/10 - I like this setup. I am happy with the setup and will do the setup again

CHFJPY 15/09/10

Sell Entry: 84.498

Stop Loss:84.538

T/Profit:N/A

Trailing Stop: 30 Pips

Potential Loss: 20Pips

Potential Profit: N/A Pips

Reason for entry: going for 2nd Top 

Reason for T/Profit: 

Reason for Stop Loss: 20 pips is how much I am willing to lose. Plus, I knew the Japanese government is planning to intervene the currency rate. 

Reason for Trailing stop: 

Result: 
Stopped at: 84.538
Loss: 20 Pips

Thoughts:

19/09/10 - I am happy with the setup. Even though the trades did not go on my way, I am still happy. On that day, the Japanese announced that they will intervene and thus cause the JPY to soar. I made the right the right decision to put the stop loss for 20 pips.

I will do it again if I see the setup, but I have to take into account on the Macro Level as well. It will be dumb not to take that into account. It is like I am being ignorant.

EURJPY 15/9/10

Sell Entry: 109.772

Stop Loss:110.0

T/Profit:N/A

Trailing Stop: 30 Pips

Potential Loss: 23Pips

Potential Profit: N/A Pips

Reason for entry: going for 3rd Top 

Reason for T/Profit: N/A

Reason for Stop Loss: Minimise risk

Reason for Trailing stop: Less than the movement of recent candles

Result: 
Stopped at: 110
Loss: 23 Pips

Thoughts:

19/09/10 - I am not that happy with the setup. Since the SINE wave is not as smooth and big as AUDUSD. However, at the time, I placed the trade, I thought this would be a pull back before it went down again and thus I entered the trade. However, due to the JPY government announcement, my trade went fall apart.

I will do the trade again but I have to watch out for the news/warnings.

AUDNZD 15/09/10

Sell Entry: 1.28250

Stop Loss:1.28450

T/Profit:1.26094

Trailing Stop: 30 Pips

Potential Loss: 20Pips

Potential Profit: 215 Pips

Reason for entry: going for double/tripple top

Reason for T/Profit: 

Reason for Stop Loss: 20 pips is how much I am willing to lose. Plus, I am going against the overall trend. AUD is currently going very strong. 

Reason for Trailing stop: 

Result: 
Stopped at: 1.28450
Loss: 20 Pips

Thoughts:

19/09/10 - Should I be going against the current. Am I hoping too much?

I think I put too much emphasis on the technical. Right now, recent news about Australia are influencing the public that AUD is a strong country, and thus there is an increase in the fundamental values of the AUD. So in terms of technical, at the moment, has weakened. Does this mean my trading strategy won't work? It should be.. I will have to observe it more. Interesting...