Friday, November 30, 2007

GBPUSD 5 min week 48

GBPUSD 5 min week 48

I've tried trading on 5 min chart. Much more dangerous though, if orders are placed correctly they also could be profitable.
On 29 Nov I used this down move and placed 6 orders (##1-6). All but one was profitable.

Because of the small steps stop orders were impossible so all orders were market. Stop loss was trailing on 15 pips.

Trading in this short time frame requires watching the ticks all the time.

USDDKK week 47

USDDKK week 47


Down move was broken soon after start.

Few dais gravitating around 5.07 level gave nice opportunity to place order (#1).
We had three days nice down move, one retrace.

Unfortunately retrace was strong and up move above previous day close hit the stop (#2)

EURSEK week 47

EURSEK week 47

Here is EURSEK trade. Fortunately violation occurred at the end of the day after entry (#1). Stop loss was movet to break even, so the only actions was sitting and watching.

Next day stop loss was moved above previous higher high, and later in the day was hit.
Anyway - nice profit.

Wednesday, November 21, 2007

EURUSD 21 Nov

EURUSD 21 Nov


The rally today offered nice opportunity to profit. There was a perfect setup from the last week.
Buy stop order was set. Only price had to move and it did firing the order.

Because of the steep move I've tighten the stops, perhaps too much. Anyway today it was hit allowing a nice profit.

Sunday, November 11, 2007

NZDUSD week 45

NZDUSD week 45


Thursday and Friday previous week (44) formed a nice setup. Order was open at the beginning of the week and jumped up, offering a free trade almost immediate. After this strong rally I've tighten the stops too much perhaps. But retrace next days make me happy I did ;-)

AUDUSD week 45

AUDUSD week 45


Monday failed to fire buy stop order placed after setup formed previous week (44).
Order was filled on Tuesday and almost closed next day. Fortunately nevertheless price went below previous low, it made a correction and closed positive.
This deep reverse and small range on day 4 (Thursday) make me to sight the stops, hit on Friday with its furious diving...

EURUSD week 45

EURUSD week 45


Simple chart. Mondays consolidation offered excellent entry point. Then we had 3 days straightforeword up move until stop-loss was hit.

Sunday, November 4, 2007

USDCAD week 44

USDCAD week 44


Another nice profit allowed by USDCAD this week, constantly continuing its down move.

There was an order from the previous week (#1) and two new orders on each price stop.
Sell-Stop orders were place just below the last low. Price move did the rest.

Friday afternoon all the orders were closed taking the profit.

AUDUSD week 44

AUDUSD week 44


After retrace, this week AUDUSD offered excellent opportunity for profit on the break up.

Nevertheless price broke down below both MAs, fast MA turned up almost immediately after touching slow MA.
Entry point was place on the top of the previous peak, and after it was taken price moves fast offering opportunity to secure the trade moving the stop-loss at breakeaven.

The exit point was on the break down of the previous high. That's it.