GBPJPY Price Action: Pin bar Trade Setup. July 12, 2013

 

GBPJPY has been trading within its demand zone for just over a month and has shown reasonable reluctance in breaking through it, leaving room for a break towards the upside. This point of view is supported by the presence of a double Pin Bar from the last two days trading sessions. Bullish entries will therefore be sort on the intra-day time frames, if we get a reasonable Price Action bullish setup.

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EURJPY Price Action: Pin bar Trade Setup. July 11, 2013

 

The EURJPY faced very significant buying presure as it it sold into its demand zone in today's trading leading to the giving off off all previous strength the yen exercised over the Euro. This event lead to the formation of a Pin Bar Trade Setup. Its important to note that the demand zone also coincided with the ascending trendline on this pair. A pin Bar at support at support as we have here should lead to more bullishness, however, there is an obvious supply zone just above as shown in the picture above. If the pair manages to break above this supply zone, we would be in for a new round of buying frenzy on the pair which could send the pair as high into 133.50 or there about.

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NZDJPY Price Action: 4 Hour Fakey Intraday Setup. July 10, 2013

 

 The Setup above looks like a decent Trade Setup on the 4hour TimeFrame of the NZDJPY. The Fakey Setup could trigger a selloff on the pair. The Trade room is short based on this setup as shown above.

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GBPUSD Price Action:More bears to come, 09 July, 2013

 

The down trend on the Cable which is in its 3rd week seems perfectly intact still. Further given impetus with the break of the inside bar formed at the close of trading Monday, 8th July. Short entries will be sort on the intraday time frames on rotations  back into supply zones.

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EURUSD Price Action: Inside Bar Price Action Setup, 08 July, 2013

 

The Euro seem to have found support at a previous demand zone. This zone has been very significant in recent times as price had twice this year, failed to break below this level. Therefore, the inside bar price Action Setup formed at this zone at the close of the US session today, could be the trigger for a change in trend however, the major trend on the pair remains bearish, unless price is able to break above the supply zone as indicated above. Meanwhile as the pair rotates higher, Sell Setups would be sort at about that Supply zone, if price fails to trade above it.

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Fakey With Pin price Action trade Setup

The Video Above describes the reason for entry of a Trade Setup Spotted on Monday, July 08, 2013

Weekly Trade Room result: Week ending July 05, 2013.

InstaForex Companies Group

Account: 60607288		Name: APAFTT FX					Currency: USD		Leverage: 1:500		2013 July 7, 21:05
Closed Transactions:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Close Time	Price	Commission	Taxes	Swap	Profit
171982938	2013.06.28 08:48	buy	2.00	usdcad	1.0460	1.0417	1.0556	2013.07.01 23:27	1.0496	0.00	0.00	-0.59	68.60
172184261	2013.07.01 00:57	sell limit	2.00	eurchf	1.2318	1.2355	1.2261	2013.07.01 10:05	1.2311	cancelled
172184362	2013.07.01 00:58	sell limit	2.00	audnzd	1.1869	1.1986	1.1563	2013.07.03 18:29	1.1671	cancelled
172184354	2013.07.01 04:57	sell	2.00	audjpy	91.00	91.67	88.38	2013.07.01 14:25	91.67	0.00	0.00	0.00	-134.46
172184298	2013.07.01 07:38	sell	2.00	eurusd	1.3029	1.3104	1.2885	2013.07.03 12:01	1.2959	0.00	0.00	-1.48	140.00
172184275	2013.07.01 08:26	sell	2.00	gbpusd	1.5223	1.5281	1.5139	2013.07.02 15:30	1.5139	0.00	0.00	-0.42	168.00
172230655	2013.07.01 10:46	sell	2.00	cadchf	0.8980	0.9065	0.8979	2013.07.04 15:52	0.9065	0.00	0.00	-0.74	-178.03
172407340	2013.07.02 13:54	sell	2.00	eurjpy	129.90	131.34	127.43	2013.07.03 12:25	129.24	0.00	0.00	-0.40	132.26
172434598	2013.07.02 16:00	sell	2.00	euraud	1.4218	1.4319	1.4038	2013.07.03 09:52	1.4319	0.00	0.00	2.12	-183.25
172541301	2013.07.03 09:58	sell	2.00	gbpjpy	152.49	152.79	151.58	2013.07.03 11:02	151.58	0.00	0.00	0.00	182.07
172585525	2013.07.03 12:02	buy	2.00	nzdusd	0.7746	0.7758	0.7999	2013.07.03 20:54	0.7767	0.00	0.00	0.00	42.00
172583562	2013.07.03 12:35	sell	2.00	usdchf	0.9503	0.9533	0.9453	2013.07.03 18:14	0.9453	0.00	0.00	0.00	105.79
172597847	2013.07.03 13:02	buy	2.00	audjpy	90.58	90.08	91.82	2013.07.03 20:30	90.79	0.00	0.00	0.00	42.03
172607141	2013.07.03 14:10	sell	2.00	euraud	1.4278	1.4334	1.4024	2013.07.03 18:13	1.4334	0.00	0.00	0.00	-101.79
172707885	2013.07.04 00:07	sell	2.00	euraud	1.4331	1.4433	1.4024	2013.07.04 23:25	1.4138	0.00	0.00	0.00	352.96
172744266	2013.07.04 08:26	sell	2.00	gbpusd	1.5258	1.5308	1.5156	2013.07.04 14:02	1.5156	0.00	0.00	0.00	204.00
172766592	2013.07.04 11:26	buy	2.00	audnzd	1.1706	1.1644	1.1706	2013.07.05 10:59	1.1706	0.00	0.00	0.78	0.00
172772053	2013.07.04 12:09	sell	2.00	usdcad	1.0508	1.0577	1.0434	2013.07.05 15:35	1.0577	0.00	0.00	0.29	-130.47
172773700	2013.07.04 12:29	buy	2.00	usdjpy	99.69	99.19	100.54	2013.07.05 11:35	100.07	0.00	0.00	0.06	75.95
172897268	2013.07.05 00:36	sell	2.00	cadjpy	95.11	95.74	92.70	2013.07.05 15:33	95.74	0.00	0.00	0.00	-124.99
172899430	2013.07.05 01:17	sell	2.00	nzdusd	0.7827	0.7863	0.7722	2013.07.05 17:04	0.7722	0.00	0.00	0.00	210.00
172944341	2013.07.05 10:07	buy	2.00	euraud	1.4116	1.4063	1.4310	2013.07.05 11:40	1.4063	0.00	0.00	0.00	-97.13
173119223	2013.07.06 20:05	balance	trade result for 2013-04										28.88
173119224	2013.07.06 20:05	balance	trade result for 2013-05										-15.88
										0.00	0.00	-0.38	773.54
Closed P/L:												773.16
Open Trades:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P		Price	Commission	Taxes	Swap	Profit
No transactions
										0.00	0.00	0.00	0.00
										Floating P/L:		0.00
Working Orders:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Market Price
No transactions
Summary:
Deposit/Withdrawal:		13.00		Credit Facility:				0.00
Closed Trade P/L:		773.16		Floating P/L:				0.00	Margin:			0.00
Balance:		6 884.65		Equity:				6 884.65	Free Margin:			6 884.65
Details:
Gross Profit:		1 721.61		Gross Loss:				948.45	Total Net Profit:			773.16
Profit Factor:		1.82		Expected Payoff:				38.66
Absolute Drawdown:		134.46		Maximal Drawdown:				352.30 (5.02%)	Relative Drawdown:			5.02% (352.30)
Total Trades:		20		Short Positions (won %):				14 (57.14%)	Long Positions (won %):			6 (83.33%)
Profit Trades (% of total):								13 (65.00%)	Loss trades (% of total):			7 (35.00%)
Largest		profit trade:						352.96	loss trade:			-181.13
Average		profit trade:						132.43	loss trade:			-135.49
Maximum		consecutive wins ($):						4 (393.82)	consecutive losses ($):			3 (-352.30)
Maximal		consecutive profit (count):						452.45 (3)	consecutive loss (count):			-352.30 (3)
Average		consecutive wins:						3	consecutive losses:			1