EUR/GBP - WEEK 1 (13th -17th of March 2017). Overview of my weekly set up. - x1 FIB on the 4 hour chart. - x2 FIB on the hourly chart. Key levels: .786 .618 .50 .386 3 successful Short trades. 1 successful Long trade on retracement. £53 total profit 0.05 & 0.06 lot sizes used.
2. EURNZD - SHORT (20th February 2017). Another short entry for EURNZD. Putting a lot of studying time on key levels. Just trying to spent a lot of time in front of charts to get used to the way I look at the market and drawing key levels. I want to learn more about price action next and candle stick patterns such as bullish engulfing candles. Gene
1. USD/JPY - SHORT (18th of February 2017). This is the start of my proper journaling. USD/JPY Analysis for the next week. Just doing some testing, I took a break from trading live for 2 weeks just to relearn some things and improve on others. My first month of live trading was definitely a crazy one. I started with £100 deposit, some how managed to bag £200...
EURNZD weekly chart with support and resistance drawn out. Monitoring purposes.
In response to my previous successful short trade, I'm entering another short due to the monthly support being pierced once again. The next target is 135.003, if this hit it would complete 3 lower lows of a bearish channel.
Successful trade from yesterday. Bagged 154 pips.
Just a chart set up for monitoring.
Spotted this pattern formation today. It could be a nice double top pattern forming, but I'm still yet analysing it but I've drawn out guides so I guess we'll see how it plays out! I'm currently profiting from a long trade - 37pips up.
Version 2 of my EUR/GBP daily analysis.
Drew out this potencial falling wedge pattern this morning. This could be a great entry if confirmed. I will be keeping a very close eye to this! I'm becoming more and more aware of trend patterns which is good and I've learnt to break free form constantly checking my profits which is good because I don't plan to be a full time day trader. However, I do like to...
Spotted this possible HS pattern. Will be keeping an eye on this along side my AUD/CAD analysis. Two pairs focus this week to keep it simple.
In response to my V1 analysis, there might be a reverse head & shoulders pattern forming which I will be keeping an eye on for a confirmation. Should it be confirmed, my current open short positions will be closed and I will be entering a long position in response to the HS pattern . Updates soon!
Based on investing.com technical summary. 15 chart --> Strong sell. Hourly --> Strong sell. Daily --> Buy. I am unable to open any positions for this as my current trades for USD/CAD is taking up all my margin haha. However, I will keep track of this.