hongzx123

hongzx123 Updated 

Background: - Bearish reversal shooting star break below 50MA resistance after testing 10/20MA resistance area Entry: - Sell Stop 20 pips below signal candle (28 Feb 2017) - the shooting star @ 1.0549 - Entry triggered in this point of writing SL: - Set at 20 pips above signal candle @ 1.065 PT: - Set at previous swing low support region @ 1.0386

hongzx123 Updated 

Background: - Multiple bearish reversal candle testing 0.77 resistance area with bearish divergence Entry: - Sell Stop at 20pips below signal candle on 28 Feb 2017 @ 0.7642 - In this point of writing, trade has been triggered and in the money with 65pips SL: - Set 20pips above the signal candle @ 0.7722 TP: - Set at bottom of the previous rectangular...

hongzx123 Updated 

Background: - Previously longed at the consolidation support and lost (taken on 22 Feb 201&0 - 2nd bearish reversal candle (shooting star) after testing 10/20 MA resistance - This could probably serves as an indicator to breakdown of the rectangular consolidation Entry: - Sell stop with 20pips below the 2nd bearish candle @ 80.51 - In this point of writing, trade...

hongzx123 Updated 

Background: - Bullish hammer at horizontal support @ 81.00 area within a rectangular consolidation in a uptrend. Entry: - Buy stop at 81.65 above the bullish hammer on 23 Feb 2017. (Entry triggered on 22 Feb 2017 and stopped out on 24 Feb 2017 by the bearish marobozu SL: - 20 pips below the signal candle @ 80.64 PT: - Set at the rectangular resistance @ 83.5

hongzx123 Updated 

Background: - Bearish engulfing reversal candle after testing 50MA resistance below horizontal resistance @ 1.748 Entry: - Sell stop 20 pips below the signal candle (Set up triggered on 23 Feb 2017 and stopped out on 24 Feb 2017) SL: - 23.6% fib level of the signal candle @ 1.7428 PT: - Set near the horizontal support @ 1.697

hongzx123 Updated 

Background: - Bullish marobozu off horizontal support and round number @ 85.0 - Slight bullish divergence Entry: - Buy stop set at 20 pips above signal candle high @ 86.46 (Set up triggered when posting) SL: - 38.2% fib level of the signal candle @ 85.4 PT: - Set at previous high @ 88.45 (Possible earlier exit at 87.8 region - previous swing high)

hongzx123 Updated 

Background: - 2nd try of CHFJPY Long - 10 Feb 2017 - Price is in a box consolidation since dec 2016. - Continuous of previous bullish candle after testing horizontal support @ 112.36 within the consolidation Entry: - Buy stop above yesterday candle high @ 113.78 SL: - Set at 50% of the current bullish move @ 112.8 PT: - resistance at the box @ 115.1 Others: -...

hongzx123 Updated 

Background: - Bullish morning star formation formed at 200MA support with bullish divergence Entry: - Buy stop set at 20 pips above morning star formation @ 0.8530 (set up trigger on 16 Feb 2017) SL: - Set at 38.2 fib level for the formation @ 0.8475 PT: - Set at area which we keep seeing bearish shooting star @ 0.8688 Notes: - Recently been losing quite...

hongzx123 Updated 

Background: - Bullish breakout of recent inside candle formation at horizontal support @ 112.4 - Price is currently in a consolidation period between 112.4 to 115.0 Entry: - Entered market after yesterday bullish signal candle (missed out this trade yesterday) SL: - Set at 50% fib of signal candle @ 112.7 PT: - Set at recent swing high or consolidation...

hongzx123 Updated 

Background: - Multiple bearish candle formed at the 50MA resistance and trendline resistance Entry: - Sell stop with 20pips below the yesterday bearish candle low @ 1.626 SL: - Set at 50% fib of the candle @ 1.642 PT: - Set at the next horizontal support @ 1.595

hongzx123 Updated 

Background: - 2nd bearish shooting star formed after testing the 20MA resistance Entry: - Sell stop set 20pips below the candle low @ 1.472 SL: - set at 50%fib of the candle @ 1.482 PT: - set near previous swing low in weekly chart @ 1.435 Note: - Shorting near low might not be a good idea - NZD rate and policy release due in next thursday

hongzx123 Updated 

Been busy with work.... manage to rush out this trade and journaled it... Background: - Bullish reversal candle formed off resistance turned support area and 50MA support @ 51.4 - Price have been in consolidation between 51 and 55 after the up trend - So this is a consolidation trade, buying at consolidation low and selling at consolidation high Entry: - Buy...

hongzx123 Updated 

Background: - Price reacted bullishly at the 20MA support and looking to break the previous swing high - Inside candle formed within the bullish marobozu Entry: - Buy stop above the inside candle hammer high @ 1215.4 SL: - Place at 50% fib level of the 1 Feb 2017 bullish candle PT: - Next possible horizontal resistance @ 1249.8

hongzx123 Updated 

Background: - 2nd Bearish reversal candle formed after testing of the horizontal resistance area near 0.87 (previous left shoulder high) with a strong bearish marobozu closing the gap in commanding manner - Slight bearish divergence noted Entry: - Sell stop set 20pips below the bearish marobozu @ 0.86 SL: - Set at 50% of the bearish marobozu @ 0.872 (20 pips...

hongzx123 Updated 

Background: - Bullish reversal candle with gap closing bullish marobozu on the 17 Jan 2017 session @ horizontal support @ 138.5 region. - Also, noted a slight bullish divergence formation Entry: - Buy stop set at 20 pips above the 17 Jan 2017 candle high @ 140.3 - Atm, the entry has been triggered SL: - Set below 50% fib of the entry candle @ 138.3 - Also...

hongzx123 Updated 

Background: - Bullish marobozu closing the gap at the 1.6 (round number) support region - This looks similar with my current GBPJPY Long trade but at a lower confidence level as the set up doesn't have bullish divergence... Entry: - Set at 20pips above the signal candle high @ 1.645 SL: - set at below 50% fib of the signal candle @ 1.62 PT: - set at previous...

hongzx123

Background: - Bullish engulfing pattern formed after breakout of the 50MA support - Also, there is slight bullish divergence formed at the area Entry: - Buy stop set at 20pips above the bullish engulfing pattern's high @ 1.432 SL: - Set way below 50% of the bullish engulfing candle, 20pips below round number 1.42 @ 1.418 - Probably should set SL below the...

hongzx123 Updated 

Background: - Price have been in multiple months consolidation and seems to be breakdown downwards - Bearish reversal candle off the 50MA resistance spotted on 9 December 2016 Entry: - Sell stop @ 1.76 (15 pips below the bearish reversal candle low on 9 Dec 2016) SL: - Set at 50% fib level of the bearish reversal candle @ 1.87 PT: - Set at next potential...