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Tuesday, July 31, 2012

Live Forex Trading Learnings !!

Learning’s
I was very -ve (mideset and account balance  )  on Monday. Changed the trading stategy
-          Candle sticks pattern are most appropriate for D1 time frame rather than H4 time frame.
-          Better to trade with very small lot size & once the trend is confirmed increase the lot size – learning.
-          Never every trade before the completion on candle, example H4 if trend is confirmed on formation on next candle – must wait for H4 finish and start of next candle.
-          Automated Tailing stop is not really good for every case.  
   Never every wait for completion of full price pattern take the early entry & keep moving the stop loss. As If we wait for complete pattern formation then the stop loss is very high .. If any fake break out's out - we may loose large money ... I was thinking that pattern formation is 100% guaranteed trade .. but it is not the reality :(

EnjoYYYYYYYY & Have Fun ..
Avinash Sawant
avinashsawant@gmail.com
www.forextradehalt.com
+919975415566

Live Forex trading for the last week July 2012

Hello All,

Monday – There was lot of happening in the market. One who ever planned – could easily double their money. All expected breakout’s continuing in +ve expected direction.
Tuesday – looks like retrace moves

Anyways – I have only put a single traded this week. And all other are previous trades carried out from last week … So just worked for about 1-2 hours on trading .. Still I am getting very good results JExcited.
If market is working for you as per your plan in spite of your presence nothing like that.  Still lot of learning remaining J  & we will make it for sure.

 -          EURUSD  pattern continuation  + 116 pips
 -          GBPAUD  channel breakout  -39pips
-          GBPUSD  channel breakout    +107pips
 -          GBPJPY  Double Top + 100  (Power of confluence  pattern)

-          USDCHF retrace move  + 49 pips

Wednesday, July 25, 2012

USDCHF retrace move + 49 pips


-          USDCHF retrace move  + 49 pips
- traded for retrace move @ 0.9904
           - Fibonacci level of 31.8 





Other than this - some of the previous breakouts -


USDCHF what a brilliant breakout







USDCHF - Bullish engulfing pattern


GBPJPY Double Top + 100 (Power of confluence pattern)


-            GBPJPY  Double Top + 100  (Power of confluence  pattern)
  • Daily Double top pattern
  • H4 Broadening top
  • H4 trade line
  • Daily – Also Triangle breakout 






H4 chart 




GBPUSD Tradeline (channel breakout) +107pips


-          GBPUSD  channel breakout    +107pips
-Traded  for channel break out
- expected to continue bearish – trade for comb patern   


EURUSD Trade line breakout









-          EURUSD  pattern continuation  + 116 pips
- Trade line break out


GBPAUD Expectations Failed -39pips




GBPAUD  -39pips

- As per daily - Expected to go bearish
- Weekly - was in retrace mode - But still I was expecting to be bearish
- Monthly - Bearish -- But I think I have misunderstood it was retrace move of previous bullish trend.




Thursday, July 19, 2012

USDJPY traded for haging man reversal pattern for bullish trend, as well as channel breakout +1 pips



asdf

USDJPY traded for haging man reversal pattern for bullish trend, as well as channel breakout +1 pips
  • -     Missed the beautiful rally because of Trailing Stop Loss, 
  • -  Next Trade I kept for Breakout retest but did not happened


USDCAD Traded for continuation of bearish pattern +92 pips


USDCAD  Traded for continuation of bearish pattern


+31 pips 




nzdusd Piercing pattern +26 pips

dfgdfg


USD-CHF DarkCloud Cover +18 pips


USDCHF traded for darkcloud cover
  • -          took the profit of +18 pips and came out as it was gng to be bullish trend ahead




after after trading



AUD/USD - morning Star - Winner


Traded for morning Star Candlestick Pattern => Profit   +18 pips
- Came out early with fear of bearish engulfing
- Then trend moved upward :) couldn’t take that rally


after trading


Tuesday, July 17, 2012

EURAUD - Bearish Pattern Failed

  • EURAUD - Bearish Pattern Failed

Wrong Stop loss










Traded for continuation of bearish trend.
- Wrong Stop loss
- Hit and then continuation of bearish pattern is seen




GBPAUD failed

  • Entry is Wrong
  • Or the traded pattern itself is wrong - predicated
 
















After trading...

The ascending triangle is break ad downward & my Sell Signal is Triggered
- Then it reverted back till the top of the ascending triangle & hit the stop loss 
-  Here I was kept one more order of buy triggered & now it is goiing for downward trend





nzdjpy comb pattern Failed

  • Stop loss set was wrong





After trading...

Small high-wave candle formed
- Started with triggering the sell order
- then hit the stop loss
& again continued with the sell pattern.






Tuesday, July 10, 2012

Price Action Trading July second week 2012


Forex Trading India chart pattern price action trading strategies
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Forex Trading India chart pattern price action trading strategies

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Forex Trading India chart pattern price action trading strategies

Failed  - 
  • Early entry -- Traded on Bullish engulfing pattern
  • Knowing strong down trend on Monthly, Weekly & daily Traded against it. 
Forex Trading in India Chart Pattern Price Action

What it looks like after 

Forex Trading in India Chart Pattern Price Action

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Forex Trading in India Chart Pattern Price Action


Failed  - 
  • Early entry -- Traded on Bullish engulfing pattern 
  • Knowing strong down trend on Monthly, Weekly & daily Traded against it. Assumption was it will retrace up to 50% Fibonacci
Forex Trading in India Chart Pattern Price Action
  •   What it looks like after  
Forex Trading in India Chart Pattern Price Action

Failed
  • Also the reverse trade to sell at 97.44 and stop loss of 
  • Set stop loss is Wrong.
Forex Trading in India Chart Pattern Price Action



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Forex Trading India chart pattern price action trading strategies

12.07.10 12:33 buy 4.00 eurusd 1.2332 1.22561.238820 12.07.10 17:151.22560.000.000.00 -304.00


Forex Trading in India Chart Pattern Price Action





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Forex Trading India chart pattern price action trading strategies


Forex Trading in India Chart Pattern Price ActionFailed - 
                                                                                                                                                            Expected to retrace the bullish pattern about 38% to 50% but did not happen

Forex Trading in India Chart Pattern Price Action

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