USDNOC

And a traded forex chart from this week - USDNOK.

After the rest at the previous week end this pair continued its strong down move with a small hesitation at the begining.

This week ended with 47 pips profit ;-)

SCUR:xnas

And another sample of the same method applied to stock - Secure Computing Corp. (NASDAQ:SCUR).

Here the first entry is not so obvious. Second and third entries were also questionable but as the retrace did not break down the previous low I took them as valid nevertheless the moves down were large.

AUO:xnys

Here is a trade of stocks using the same trade system.

This is NYSE:AUO chart (AU Optronics Corp.) is from last week. During these 5 days this stock offered a nice profit of about $2 per share.

Entry and exit points are marked on the chart. The entry reason is also on the chart. Hope it is clear.

How retracement eat profit.

Here is the EURUSD chart where is visible that the bull move in European session is eaten by bears during the US Session.

Nevertheless the trend is up both orders shown on the chart are losses because of the fluctuation during the day. This level is quite extreme for this pair and the volatility is high.

As a final thought might be the fact that there is no daily retrace of the price - witch is not a good place to enter the market.

AUDJPY Another trade

Another chart of trades completed successfully this month.

Two trading sessions - 1st marked with orange; 2nd with green.
At 17th there was a big retrace down and it was not clear whether up move will recover. This is why 1st order was place immediately the move had turned up. 2nd, 3rd and 4th orders were as usual - at break of the high.
After 4th order price retraced again causing small loss, but other 3 order were healthy ;-)

USDCAD Trade

Here is another excellent trade opportunity offered this month by USDCAD pair.

On the chart is visible the strong down trend started 11th September. Small retraces offered nice opportunity to add more orders.
The first greater retrace up was on 19th where I took my profit form orders placed last 7 days. And I placed a new sell stop order below of the low of the green bar. Next day it was hit and I was in the 2nd trade where the 2nd entry was a small loss because of the retrace.

EURJPY - Nice Sample

These few weeks offered very nice sample of Veteran trading method usage.

On the chart below I'm marked entries and exit points as I've applied it on my trade.
Because of the very strong move I've added some more orders to increase the profit.

These almost 30 days I've made three sessions where 2nd and 3rd had multiple orders,
allowing me to increase the profit.

Hope marks to be clear and easy to understand:
Orange are entry points;
Red are exits