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Going long GBPUSD

Going long GBPUSD this morning, pair is trending up and risk can be kept low at latest fractal.

Long GBPUSD

Long GBPUSD

Going long EURCAD and short CADJPY

Two trade signals this morning.

EURCAD

EURCAD

CADJPY

CADJPY

Going long EURUSD

A trade setup has formed enabling to go long EURUSD.

Price above cloud, EMA and Kijun trending up, stop at last fractal.

EURUSD  Long

EURUSD Long

Going long CADJPY

Long signal on CADJPY this morning. Stop at last fractal, T/P placed at a strong resistance level above, which is actually a Kumo top if you look at the graph in Daily timeframe.

CADJPY

CADJPY

Going long EURGBP

New signal on EURGBP

EURGBP long

EURGBP long

Waiting on the sidelines

Trading activity is extremely low these past few days, since most of all ongoing trends have reversed or are reversing. Most pairs are inthe cloud or retracing; so our system is not giving any clear signal. There is a general trend of uncertainty in the markets, as fundamental drivers are getting blurred. So we remain patient, on the sidelines.

Stopped out on XAGUSD

Another case of retrace taking me out with subsequent continuation of the trend in the right direction. No problem, but a very bad start of the month with mainly losing trades so far. I do however have two open trades that are in profit. I’ll have to manage them well to get the money management machine to save the day. No change in the strategy, no revenge trading, I missed a couple of good signals that happened during midday but that’s how I trade, nothing I can change and it’s been profitable so far. So this month is a typical case were psychology usually drives you to overtrade or shift strategies. I’ll try and stick to the rules without emotion.

XAGUSD loss

XAGUSD loss

Taking a long EURCAD

Going long on EURCAD, good signal appeared.

As an exception stop-loss is not at fractal but at Kijun Sen level.

EURCAD long

EURCAD long

Stopped out on Gold trade

I got taken out on the XAUUSD long taken yesterday morning. Eventually the pair took the direct direction, but my stop was a little close (latest fractal).

XAUUSD stopped out

XAUUSD stopped out

Stopped out on EURUSD

Retrace stopped me out,

EURUSD Loss

EURUSD Loss, 38 pip loss