Posts

Two quick winning trades. Up 5% in Jan

Took two winning trades quickly before going to work this morning. Setups were very good. Kept risk very low at around 0.5%. Take profits were also placed at R2 since I could not monitor my trades during the day. I must say both trades could have yielded much more (at least double, as shown on below graphs), buoyed by UK Central Bank announcements.

First trade was on GBP/USD : +80 pips

GBP/USD winner

GBP/USD winner

Second Trade was on EUR/GBP : +58 pips.

EURGBP winner

EURGBP winner

As of yesterday my account is nearly up 5% for Jan, a very good start to the year.

First entries for 2016 : 3 open trades

Hi everyone , to start the year I’ve just entered three short trades :

  • a short AUD/USD
  • a short GBP/USD
  • a short NZD/JPY

Conditions were aligned, downtrends, sloping EMA and Kijun, bounces off 7 period RSI.

Stop losses placed at latest fractals.

AUDUSD H4 (01-11-2016 2202) GBPUSD H4 (01-11-2016 2201) NZDJPY H4 (01-11-2016 2213)

73 pip loss on EUR/NZD

Took a 73 pip loss on my short EUR/NZD trade.

The pair is prone to quite a lot of whipsaws.

eurnzd loss 73 pips

eurnzd loss 73 pips

Short signal on EUR/NZD

Just got a short signal on my 4 hour chart of the EUR/NZD. Price below cloud, Kijun and 21 EMA sloping down. Latest fractal enables f or a tight stop. Go short.

eurnzd entry

eurnzd entry

A question on Kijun signal

This short post deals with a question I ask myself on the Kijun signal in my trading strategy. As you might have noticed recently, more and more of my entries have been taken without full signal from the Kijun Sen, ie not a full upward or downward slope. I have found this condition to be very limiting, meaning that very few trades satisfy this ‘slope’ condition, and usually when it does, price has already started heavily trending so I feel I have missed a good part of the momentum. This is why in quite a discretionary way I have sometimes excluded it from the entry signals. I will keep researching this, but your ideas are more than welcome.

 

EUR/CAD looking good, trailing stop to fractal

My EUR/CAD long is looking good, trailing stop to fractal that has just been created. Upward slope seems good, higher highs are being made.

usd cad looking good

usd cad looking good

 

 

Stopped out on NZD/USD : -86pips

NZD/USD retraced up towards Kijun and stopped me out. Risk had been kept limited. Loss -86pips. Lesson learned : positioning the stop at fractal level would have kept me safe, I maybe could have reduced position size.

Stopped out on NZD/USD : -86pips

Stopped out on NZD/USD : -86pips

USD/JPY stop moved to Kijun at 121,16

Low liquidity today. I reduce my risk by bringing up my stop to the Kijun level. A new fractal has formed but it is too close to price and I want to leave room to breath on that trade.

Trailing stop

Stop moved up to to Kijun

Stop trail on NZD/USD

Position still in profit this morning. I reduce risk by trailing the stop down to Kijun Sen.

Simplified Ichimoku

I trail the stop down to Kijun to reduce risk exposure