EURCAD, Forex No comments yet

EURCAD LONG on 30th June

By on July 3rd, 2010

I received my signal and hesitated to enter the trade at the correct location, it went up like crazy and I was still in hesitation, finally the pain of being left behind forced me to get in the trade in the worst possible location. This trade made me feels like a fool.

At least I was able to decide correctly and get out of this loosing trade not loosing too much on a bad trade. Here are the screen shots for entry and exits. I still feel sick, and that is mainly because I hate loosing trades and that is probably the main reason holding me from entering good trades like this at the right time.

Original entry price: 1.3047, and stop location: 1.2953.

to avoid loosing too much on a bad trade i decided to get out with 35Pips loss.

here are the screen shots of entry and exit:

GHTime Code(s): d7256 
EURCHF, Forex No comments yet

EURCHF SHORT, Arrrrrrghhhhhhhh

By on June 8th, 2010

I entered short on the EURCHF early this morning due to the fact that all the Ichimoku lines were 100% bearish for this pair. there was no news (at least on my calendar on Forexfactory) regarding CHF at the time i entered the trade.

two hours into the trade, 20 Pips paper profit and in a blink of an eye a 150 Pip bullish Gap!!!!!!!!!!!!

my original stop was 50 Pips away from the market and due to the Gap i was kicked out of the trade with 78Pips loss.

there was some weird feeling inside telling me to close the short but i did not pay attention to that thinking i am trying to be a longer term trader so let it run.

What happened fundamentally!! i don’t know yet. :- (

here are the charts for entry and exit:

GHTime Code(s): b69fb 
EURCHF, Forex No comments yet

EURCHF short trade yesterday

By on June 4th, 2010

Although most of the pairs i trade were bearish at the time i entered this trade, but EURCHF was the only one that have all the Ichimoku lines lined up correctly and there was also enough room ahead for me to move my stop to break even before hitting a strong support. i did not select the EURUSD because it was almost flat. a pair that normally move 150-200 Pips per-day had only moved 25Pips!!!!

i jumped in the short trade at 1.4072 with my stop loss at 1.4161. i decided to tighten my stop a little bit to protect myself a little bit more.

the first 10 hours was agonizing. it was moving 3Pips up and 5 Pips down. it could be expected due to the fact that it was a day before NFP release and EUR was under heavy pressure.

i closed the position the next day (Friday) an hour before the NFP report with 128Pips profit. price dropped 200 +Pips but rebound almost 100 Pips before i got to my platform. i decided to bail because NFP was on its way and also the size of the candle and the lower wick was huge.

i exited at 1.39441.

charts are attached for your study and comments.

Cheers.

GHTime Code(s): 8ca3f 
EURGBP, Forex No comments yet

EURGBP Short Entry

By on June 1st, 2010

The rational behind this entry is identical to my EURUSD short in previous post.

entered short @ 0.838 with stop loss at 0.8435.

Price broke through the Weekly S1 pivot level, touched the S2 with almost 50+ Pips, i hesitated to exit and later i jumped out with 25Pips profit.

just added the charts for you to study.

Cheers.

GHTime Code(s): 8af7d 
EURUSD, Forex No comments yet

EURUSD Short again

By on June 1st, 2010

I am Still Strongly bearish with EURUSD so going long with this pair at the moment is not in my trading list.

Entered short at break of previous candle low, although we are close to the Weekly S1 Pivot level, it was big enough for me to move my stop to break even at that level.

i do study Commitment of traders charts “COT” charts and although there are signs of bullishness appearing but i am still uncomfortable going long.

I was hoping for a ride down to 1.1990 but it did not materialized and my stop was hit with almost 13Pips profit. in other words it was a head fake again.

here are the price charts and the COT charts for you to study. hope this helps.

by the way if you are interested in familiarizing yourself with the COT charts there is a great thread in forex factory that you can benefit from. here is the link to the thread:

http://www.forexfactory.com/showthread.php?t=216247

this one is also a useful one:

http://www.cot-report.com/cot-report-explained/open-interest-british-pound-21-february-2010/

OK, now the charts:

GHTime Code(s): b3ae1 179f8