Forex and CFD Trades 19-23 Jun 2017
I completed 7 trades ending with 2 wins, 3 losses and 2 breakeven. Overall I lost -0.49% for the week.
Here were my trades.
NZDUSD (+0.375%)
This was a pullback trade after NZDUSD broke out from its consolidation pattern within an uptrend. I entered the trade on 15 Jun 2017 long at 0.7215 with an initial stop at 0.7185. I was very lucky on this trade. The pullback was quite deep that I was a mere 0.2 pip from being stopped out. The 1st trade hit its TP target at 0.7275 on 19 Jun 2017. The 2nd trade was stopped out at breakeven on 21 Jun 2017. Overall I made +0.375% from this trade.
NZDCHF (+0.009 %)
This was intended to be a Double Top reversal trade after a false breakout. I entered at 0.7070 on 19 Jun 2017 after NZDCHF formed a evening star bearish candle pattern that broke above the previous swing high but close below it. NZDCHF initially moved down but later consolidated and moved up that I lowered my stop loss to breakeven + 1.
I was stopped out on 20 Jun 2017 for a more or less breakeven trade.
WTICOUSD (-0.493%)
This was intended to be a Bottom reversal trade. It did not worked out that I was stopped out for -0.493% loss.
SOYBNUSD (-0.24%)
This was intended to be a pullback trade after a breakout. I was expecting the breakout level to hold as support but it did not. I was stopped out and lost -0.24% on this trade.
USDJPY (+0.0765%)
This was a pullback trade within a bull trend. I entered at 111.300 on 21 Jun 2017. The TP for the first trade was hit at 111.700 on same day. The 2nd trade was stopped out at 110.999 on 22 Jun 2017.
This was more or less a breakeven trade. Overall I made +0.0765% on this trade.
XAUUSD (-0.44%)
I entered the trade too early. I had chosen the congestion area on the left as the resistance area. The pullback rally was deeper than I expected that I was stopped out. My TP target was reached but not before I was stopped out. I lost -0.44% on this trade.
AUDUSD(+0.221%)
This was a pullback trade after AUDUSD broke out from its consolidation pattern.
I have set a modest target of 1R for this trade since it was getting close to the weekend and it was hit at 0.75802. I made +0.221% on this trade.
Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.
Here were my trades.
NZDUSD (+0.375%)
This was a pullback trade after NZDUSD broke out from its consolidation pattern within an uptrend. I entered the trade on 15 Jun 2017 long at 0.7215 with an initial stop at 0.7185. I was very lucky on this trade. The pullback was quite deep that I was a mere 0.2 pip from being stopped out. The 1st trade hit its TP target at 0.7275 on 19 Jun 2017. The 2nd trade was stopped out at breakeven on 21 Jun 2017. Overall I made +0.375% from this trade.
NZDUSD H4 Chart - Exit #1 |
NZDUSD H4 Chart - Exit #2 |
NZDCHF (+0.009 %)
This was intended to be a Double Top reversal trade after a false breakout. I entered at 0.7070 on 19 Jun 2017 after NZDCHF formed a evening star bearish candle pattern that broke above the previous swing high but close below it. NZDCHF initially moved down but later consolidated and moved up that I lowered my stop loss to breakeven + 1.
I was stopped out on 20 Jun 2017 for a more or less breakeven trade.
NZDCHF H4 Chart |
WTICOUSD (-0.493%)
This was intended to be a Bottom reversal trade. It did not worked out that I was stopped out for -0.493% loss.
WTICOUSD H4 Chart |
This was intended to be a pullback trade after a breakout. I was expecting the breakout level to hold as support but it did not. I was stopped out and lost -0.24% on this trade.
SOYBNUSD H4 Chart |
USDJPY (+0.0765%)
This was a pullback trade within a bull trend. I entered at 111.300 on 21 Jun 2017. The TP for the first trade was hit at 111.700 on same day. The 2nd trade was stopped out at 110.999 on 22 Jun 2017.
This was more or less a breakeven trade. Overall I made +0.0765% on this trade.
USDJPY H4 Chart Exit#1 |
USDJPY H4 Exit #2 |
I entered the trade too early. I had chosen the congestion area on the left as the resistance area. The pullback rally was deeper than I expected that I was stopped out. My TP target was reached but not before I was stopped out. I lost -0.44% on this trade.
XAUUSD H4 Chart |
AUDUSD(+0.221%)
This was a pullback trade after AUDUSD broke out from its consolidation pattern.
I have set a modest target of 1R for this trade since it was getting close to the weekend and it was hit at 0.75802. I made +0.221% on this trade.
AUDUSD H4 Chart |
Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.
Nice blog... Thanks for sharing analysis graphs of Forex and CFD trading. I found this information very useful.
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