Forex Trades 10-14 Jul 2017
I completed 4 trades this week ending up with 1 win, 2 lost and 1 breakeven. I continued to risk maximum 0.5% of my account size per trade. Overall, it was a more or less a breakeven week where I made only +0.119%.
Do leave a comment if you find my posting useful and you have feedbacks or queries.
Do leave a comment if you find my posting useful and you have feedbacks or queries.
EURAUD (+0.01%)
EURAUD was in an uptrend making higher highs and higher lows on the H4 chart. I entered the trade on 11 Jul 2017 at 1.49396 with an initial stop loss at 1.4880 after EURAUD pulled back to its congestion area from which it broke out earlier. I was expecting it to hold as support.
EURAUD rebounded from its support and moved higher over the next few H4 candles but did not reach my take profit target at 1.5060. I raised my stop loss to breakeven +1 after the trade was in profit by 1R of my initial risk.
EURAUD reversed direction and I was stopped out on 12 Jul 2017 at 1.49409 for a more or less a breakeven trade, which netted +0.01%.
CADJPY (+1.093%)
CADJPY was in an obvious uptrend progressively getting higher with a rising 20sma on the H4 chart. I entered the trade on 12 Jul 2017 at 87.55 with an initial stop loss at 87.05 after CADJPY pulled back to its previous congestion area. I raised my stop loss to 87.56 after the trade was in profit by 1R.
It continued to moved up to hit my take profit on the same day at 88.65. I made +110 pips on the trade, which netted me+1.093%.
NZDUSD (-0.495%)
NZDUSD was in a downtrend making lower highs and lower lows with a declining 20sma on the H4 chart when I made the trade. I entered on 12 Jul 2017 at 0.7255 with a stop loss at 0.7288 after NZDUSD pulled back to its support level broken down earlier. I was expecting it to hold as resistance. I did not hold and I was stopped out on 13 Jul 2017 for a -33 pips loss. I lost -0.495% on this trade.
EURGBP (-0.489%)
EURGBP was in an uptrend on the H4 chart. I entered on 12 Jul 2017 at 0.8865 with a stop loss at 0.8835 after EURGBP pulled back to its previous resistance area broke out from earlier.
The trade did not work out. I was stopped out on 13 Jul 2017 at 0.88348 for a -30.2 pips loss. I lost -0.489% 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.
EURAUD rebounded from its support and moved higher over the next few H4 candles but did not reach my take profit target at 1.5060. I raised my stop loss to breakeven +1 after the trade was in profit by 1R of my initial risk.
EURAUD reversed direction and I was stopped out on 12 Jul 2017 at 1.49409 for a more or less a breakeven trade, which netted +0.01%.
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| EURAUD H4 Chart |
CADJPY was in an obvious uptrend progressively getting higher with a rising 20sma on the H4 chart. I entered the trade on 12 Jul 2017 at 87.55 with an initial stop loss at 87.05 after CADJPY pulled back to its previous congestion area. I raised my stop loss to 87.56 after the trade was in profit by 1R.
It continued to moved up to hit my take profit on the same day at 88.65. I made +110 pips on the trade, which netted me
 |
| CADJPY H4 Chart |
NZDUSD was in a downtrend making lower highs and lower lows with a declining 20sma on the H4 chart when I made the trade. I entered on 12 Jul 2017 at 0.7255 with a stop loss at 0.7288 after NZDUSD pulled back to its support level broken down earlier. I was expecting it to hold as resistance. I did not hold and I was stopped out on 13 Jul 2017 for a -33 pips loss. I lost -0.495% on this trade.
 |
| NZDUSD H4 Chart |
EURGBP was in an uptrend on the H4 chart. I entered on 12 Jul 2017 at 0.8865 with a stop loss at 0.8835 after EURGBP pulled back to its previous resistance area broke out from earlier.
The trade did not work out. I was stopped out on 13 Jul 2017 at 0.88348 for a -30.2 pips loss. I lost -0.489% on this trade.
 |
| EURGBP H4 Chart |
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.
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