Trades I took this week 06.02.-10.02.17

As I was travelling I was not really able to publish all the trades I took this week.
This trade is one that still is open.

CAD vs JPY

Happy trading,

TT

Trades I took this week 25.01.-27.01.17

AUD vs CAD

This trade actually got triggered last week.

Update 25.01.17

Closed the trade at a leve of interest.

EUR vs GBP

Happy trading,

TT

Trades I took this week 16.01.-20.01.17

US Oil

With the close below the higher low there is a market structure shift. This shift does not cancle the weekly bias, but it makes a bullish move less likely. 

Happy trading,

TT

Actual trades

AUD vs JPY

This is my first trade of the year. I took it based on the Hammer with high volume. Entry was on a lower timeframe.

I normally aim for a higher take profit, but the break of the last high is on thin volume. So I opt for a partial profit earlier than usual and give the remainder a chance to prove me right.

Update 12.01.17

EUR vs CAD

This is mere a set and forget trade that got triggered yesterday. My normal risk parameter is regualarly about 30 pips. But that requires me to be at the computer.

Update 12.01.17

NZD vs CAD 

This trade got taken yesterday 11.01.17. I did not have the time to post at the time I took this trade.

This is what happens at times. You get in at a good price, than the market spikes up and takes you out. As long we stay around this price level and price does not break above the upper red line, I might be looking for another opportunity here.

Happy trading,

TT

Trades I took this week 19.12.-23.12.16

This time of the year I normally do not take a trade. But there were very few setups that I made an exception. Below are the trades.


EUR vs GBP

Unfortunately I was not at the computer to take a picture on time when I got stopped out. My stop was a pip above the red line that got triggered. This was a range trade. My entry was exactly (to the pippet) at the top of the candle that triggered the entry. My entry was executed on the m15 timeframe.

GBP vs USD

I too the trade based on the m5 timeframe. As price did close above the high of my setup candle I decided to scale out. If it was going to stop me out I did not want to take the full loss. At the same time this gave me the chance to participate on the move if it resumed the down move, which it did.

Update 30.12.2016

The remaing part got stopped today.

The trade was good for more than 100 pips. I decided to give this pair a chance to move south. The up move was accompanied with decreasing volume. The candle that stopped me out shows weakness. If it was a bullish move, we should have a strong close. We have high volume but a weak close which shows me rather bearish pressure. Actually price is back at an interesting level. But there is no more trading for me this year. Looking forward for 2017.

Happy trading,

TT

Trades I took this week 05.12.-09.12.16

I am transparent about my trades. I publish my winners and losers. This has the psychological effect to take only good trades. Good trades don't automatically mean winning trades. I wrote about this a couple months ago in the psychology section. Read more about this here. For the German translation here. I need to get more active in the section about psychology.

Below are the trades I took this week so far.

USD vs CHF

This asset was not really a favourite of mine in 'Setups for the week ahead 05.12.-09.12.16'.
I had the signal and took it.

NZD vs USD 

First trade.

I shortly after the first attempt there was a new signal. And I took it.

Update NZD/USD

I got taken out before the weekend. I am not going to take any new positions after this hour. Now am waiting for the weekly close.

All in all am happy with my trades, even though they didn't yield much.

Happy trading,

TT

Trades I took this week 21.11. - 25.11.16

GBP vs USD

Price made a nice move south. This trade is in line with my weekly bias (click here for the weekly bias).

Update GBP vs USD

This trade was good for about 100 pips. Am out breakeven minus slippage. Looking for the next opportunity.

USD vs JPY

This trade got executed yesterday. Today I was able to move my stop to breakeven.

Update USD vs JPY

Got taken out for breakeven with slippage. 

Happy trading,

TT

Trades I took this week 14.11. 18.11.16

AUD vs USD

This trade was counter my weekly bias.

Update: The trade did get stopped out.

GBP vs CAD

This pair was not listed in the "Setups for the week ahead 14.11. - 18.11.16"

 

Now that I took some profit, it is easy to let go the trade.

USD vs CAD

This trade was in line with my weekly bias. However, I was not convinced that we'll have a sustained move north.

Happy trading,

TT

Trades I took this week 31.10. - 04.11.2016

DAX30 / Ger30

In line with my bearish bias for the current week, I took a trade. This is an asset that I have not traded for puite some time.

I did already take some profit and am in a free ride now.

Update:

Price made a nice move south.

AUD vs NZD

Update AUD vs NZD:

Take profit 1. Now am curious about how the week is going to close. 

Update AUD vs NZD second part of the trade:

I decided to close the remainder just before the RBNZ Rate decision and Rate Statement. Market structure gave me hints to close the trade and leave.

USD vs JPY

Update USD vs JPY H4 closed.

Happy trading,

TT

Trades I took this week 10.10. - 14.10.16

GBP vs AUD

I took two trades on this GBP/AUD today. Price was at a level of interest.

I closed the first trade manually as price was going against me. Price did indeed go much further. The second trade was taken at a strong support level. I moved stop fast to Breakeven and eventually got stopped with slippage.

Both trades were executed on the m5 timeframe. If I take a trade on the m5 timeframe, I am quick with moving my stops and quick closing the trade if price does not move in my desired direction. This is one of my forms of Money Management. 

Price did violate the lows and is approaching 1,60. My bias is not off the tabel yet. But I will be more cautious with my trades. I did have a pending order waiting on GBP vs CAD. I never got triggered. The pending order is off, as GBP vs CAD also moved lower simmilar to this asset.

CAD vs JPY

I was talking about this pair earlier today (here). There were some signs of a possible reversal. 

I was planning to take two seperate positions. One position was supposed to be taken on the small pullback. I missed the opportunity and price triggered my pending order below the candle confirming the Hanging Man.

Update 12.10.16

I got stopped at BE minus slippage.

EUR vs AUD

This trade was taken at the night of 13.10.16.
As mentioned in Setups for the week (here) I was eyeing this level. I did like how price was honouring the support level. So I took the trade. The risk was less than 40 Pips. As you can see, I did get stopped for BE with a small slippage.

US Oil

I did also talk about US Oil in the setups for the week ahead (here). There was not really a weekly signal, but the level was interesting. I need a weekly close to set my bias for the week.
This trade was taken without the bias. Price is at an interesting level. And there was a good setup for me to utilize. So I took the trade.

I did spot a chance for an early entry, so I took it. Since it is Friday I decided to quickly take profit at 1r. The trend is still bullish. That is why I opt to trade this rather risk averse. Ideally this asset does break and close below the blue marked circle. That would be a good signal for the following week.

Edit 19.10.16:

Price was not able to break the highlighted blue circle. I did get stopped for BE on the remainder. My eyes are now on the weekly close.

Happy trading,

TT 

A couple trades I took this week (08.08.-12.08.2016)

I did not really have the time to publish my bias for the current week. But I did find the time to enter some trades.

EJ



Price is at an interesting level, so I decided to add to the existing position.
My bias remains bearish. But so far there has not been much progress. AJ is simmilar,
but I decided to go with EJ.

NC



Update 26.08.2016:
NZD/CAD got stopped for BE the next day. Apologies for the late update. I am having issues with my trading plattform I was not able to get fixed. I am using the web version of my plattfrom. I am not really comfortable using the web version of my plattform.

GN



NU



Update 26.08.2016:

Last night I decided to place a target on this trade. The target got hit this morning. As you will notice  by the attached chart, my plattform does look different. This is the web version of my trading plattform. I am not comfortable using this version. The reason is, I can not modify lines or squares to my liking, which makes trading rather hazardous. So I am just managing my open positions. With the closed NZD/USD trade I have only one NZD exposure left. That is GBP/NZD. In total I have 3 positions open, that are all posted here. EUD/JPY, AUD/JPY, and GBP/NZD.




Remark: Updated 26.08.16
Since I have a strong NZD exposure this week, I might consider closing some of the trades
earlier than usual. I normally like the market to lead my way. (Edit 26.08.16: NZD/CAD got stopped for BE the next day. That eliminated some of my NZD exposure). But during summer the markets
tend not to follow trends. All trades above are in line with my bias. And all of them have valid reasons to take the trade.

Happy trading,
TT

A couple trades I took this week (01.08.-05.08.2016)

I did not take many trades this week, even thoug the watch list was full.

EG



This trade got triggered on 03.08.16. The location was nice. But there was no follow through.



This week is not really an ideal week to look for trades, due to the amount of high impact news.

US Oil



This trade got triggered yesterday (04.08.16). Depending on how this trade develops, I might keep this trade open over the weekend.

Update 11.08.16:
As you can tell, I did keep the trade open until today.



I took a late exit as I am travelling. As long my position is at BE I am fine letting it go.
Price is acutlly at an interesting level on this timeframe. But the daily did form a strong bearish pattern. I am rather bullish this asset, but do not want to jump at this moment. As I am traveling, I do not want to to put myself into stress. The daily close will lead my way.

Happy trading,
TT

A couple trades I took this week (25.-29.07.2016)

EU

7

Price did react at range support. Even though this is a loser, this trade is / was
a good trade. I had a reason to get in. And the reason was valid as you can see.
My stop was just to close. But that was my risk management. News did spike me
out. This will happen at times. Am not upset. Contrary, am happy because the idea
was good. It's just I am not in this move. I decided in favor of a close stop because
of the time of the year. I did not want to be part of the move, if price moves that low.

NJ



Another loser. And another good trade. Stop was just too close.
If you look at this pair now (trade taken 26.07.2016 at 11:10) it
did move nicely in my direction. Just without me.

AJ



The close below the bear Fractal is a good sign.

Update AJ:



EJ



Update EJ:



AN



Update AN:



Update 05.08.16



I did remove the limit order thinking there is strong downside potential. There is strong downside potential, but I did not follow my plan. So I took a BE trade. BE still is a winner. I do not shed a tear for not having taken the profit I was about to take. We never know how far the market will go. It could have stopped at the grey shaded area, which is a nice level to take a trade south. But price moved higher to the level of my entry, which is also a nice level to look for further shorts. But since today is NFP friday, I'll enojy my weekend already.

UC



If this trade does not progress soon, I will close this out
before the weekend.

Update UC:



Update UC 05.08.16:

Today is/was NFP Friday. Together with high impact US news, we had high impact CAD news.
The result is as below.

NFP came in better than expected. 

NFP act. 255 exp. 180

Hourly earning act. 0,35 exp. 0,2%

But unemployment worse act. 4,9% exp. 4,8%

News not as good as it sounds. 

CAD news worse than expected.

Employment Change act. 31,2K exp. 10,2 K

Trade Balance exp. -3,6B exp. -2,6B

Unemployment Rate act. 6,9% exp. 6,9%

The combination of (at first sight) good US news and (at first sight) bad CAD news drove price up.  But I am expecting a retrace/correction to the downside next week. The range this pair is sitting in, is not broken yet. As long range resistance holds tight, I am rather bearish this pair. 

Even though the current rejection candle looks appealing, I am not going to take any position at this hour (shortly before the weekend).

Happy trading,
TT