GOLD PRICE ACTION: Pulls higher from Pin bar Trade Setup, breaks through resistance Zone. August 12, 2013

 

In the previous analysis I did on the metal, I talked about the possibility of the metal staying contained within a trading range unless we got a breakout from he range. We didn't really have to wait too long as the pair continued moving higher in today's trading, breaking through its resistance zone. If tomorrow's trading fails to counter this minor bullish break, the pair would aim towards the breakout line from where the bias on the pair would change completely to bullish from it previous bearish disposition.

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NZDJPY PRICE ACTION: Pulling higher after bullish break. August 12, 2013

 

 NZDJPY appears to be on a down trend but has actually signaled for some bulls, even if only for a short while. Price would attempt to break the 78.00 Psychological level, a break would open the way for higher prices while a failed break would lead the pair lower into the 75.00 zone.

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Weekly Trade Room result: from July 22 to August 9, 2013.

InstaForex Companies Group

Account: 60607288		Name: APAFTT FX					Currency: USD		Leverage: 1:500		2013 August 11, 12:13
Closed Transactions:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Close Time	Price	Commission	Taxes	Swap	Profit
175086173	2013.07.19 09:28	sell	2.00	usdcad	1.0377	1.0441	1.0206	2013.07.23 10:06	1.0332	0.00	0.00	0.58	87.11
175099625	2013.07.19 11:54	sell	2.00	gbpcad	1.5821	1.5879	1.5648	2013.07.22 12:49	1.5879	0.00	0.00	0.17	-112.06
175117426	2013.07.19 12:34	buy limit	2.00	eurusd	1.3080	0.0000	0.0000	2013.07.25 09:02	1.3215	cancelled
175151179	2013.07.19 16:33	sell	2.00	usdzar	9.8695	9.9551	9.7869	2013.07.23 09:18	9.8081	0.00	0.00	2.21	125.20
175416425	2013.07.23 11:01	sell limit	2.00	usdcad	1.0376	0.0000	0.0000	2013.07.25 09:02	1.0304	cancelled
175512673	2013.07.24 00:37	sell	2.00	gbpjpy	152.90	153.71	151.14	2013.07.24 11:40	153.71	0.00	0.00	0.00	-161.84
175570384	2013.07.24 11:00	sell	2.00	gbpcad	1.5833	1.5920	1.5687	2013.07.25 16:12	1.5761	0.00	0.00	0.52	139.89
175570680	2013.07.24 11:00	sell	2.00	gbpusd	1.5374	1.5399	1.5208	2013.07.25 22:32	1.5399	0.00	0.00	-1.26	-50.00
175579490	2013.07.24 11:50	sell	2.00	gbpchf	1.4383	1.4430	1.4307	2013.07.25 15:45	1.4307	0.00	0.00	-1.28	162.77
175582993	2013.07.24 12:19	sell	2.00	usdsgd	1.2661	1.2705	1.2589	2013.07.24 20:37	1.2705	0.00	0.00	0.00	-69.26
175719560	2013.07.25 09:01	sell	2.00	eurusd	1.3212	1.3259	1.3114	2013.07.25 22:08	1.3259	0.00	0.00	0.00	-94.00
175838746	2013.07.25 19:02	buy	2.00	usdcad	1.0288	1.0259	1.0337	2013.07.25 22:24	1.0259	0.00	0.00	0.00	-56.54
175892570	2013.07.26 00:11	sell	2.00	audusd	0.9245	0.9319	0.9168	2013.07.30 01:22	0.9202	0.00	0.00	-3.40	86.00
175942752	2013.07.26 10:02	buy	2.00	eurjpy	131.36	0.00	0.00	2013.07.31 12:00	129.81	0.00	0.00	0.48	-317.27
176146693	2013.07.29 16:59	buy	2.00	gbpchf	1.4296	1.4193	1.4397	2013.07.30 16:59	1.4193	0.00	0.00	0.43	-221.70
176206109	2013.07.30 02:10	sell	2.00	eurusd	1.3259	1.3315	1.3090	2013.07.31 21:01	1.3315	0.00	0.00	-0.74	-112.00
176391280	2013.07.31 09:42	buy limit	2.00	usdcad	1.0301	0.0000	0.0000	2013.07.31 09:51	1.0317	cancelled
176394602	2013.07.31 10:04	sell	2.00	nzdusd	0.7974	0.8000	0.7910	2013.07.31 11:38	0.8000	0.00	0.00	0.00	-52.00
176403407	2013.07.31 11:00	sell	2.00	usdjpy	97.85	97.77	0.00	2013.07.31 14:28	97.77	0.00	0.00	0.00	16.36
176414279	2013.07.31 12:00	sell	2.00	eurjpy	129.81	130.11	0.00	2013.07.31 15:06	129.71	0.00	0.00	0.00	20.44
176420656	2013.07.31 13:02	buy	2.00	usdcad	1.0301	1.0250	0.0000	2013.07.31 21:59	1.0250	0.00	0.00	0.00	-99.51
176435806	2013.07.31 14:59	sell	2.00	usdchf	0.9279	0.9304	0.0000	2013.07.31 15:20	0.9304	0.00	0.00	0.00	-53.74
176469510	2013.07.31 16:54	sell	2.00	eurusd	1.3222	1.3314	1.3009	2013.07.31 21:01	1.3314	0.00	0.00	0.00	-184.00
176509093	2013.07.31 19:57	sell	2.00	gbpusd	1.5177	1.5210	1.5131	2013.07.31 21:02	1.5210	0.00	0.00	0.00	-66.00
176652859	2013.08.01 13:19	buy	2.00	eurjpy	130.79	129.89	132.39	2013.08.06 03:47	129.89	0.00	0.00	0.48	-183.82
176693097	2013.08.01 16:17	buy stop	2.00	gbpusd	1.5204	1.5121	1.5380	2013.08.01 18:01	1.5162	cancelled
176749905	2013.08.01 22:06	sell	2.00	eurusd	1.3214	1.3264	1.3213	2013.08.02 12:56	1.3213	0.00	0.00	-0.74	2.00
176762177	2013.08.02 01:32	buy	2.00	eurcad	1.3683	1.3594	1.3836	2013.08.02 23:56	1.3800	0.00	0.00	0.00	225.20
176824677	2013.08.02 14:22	sell	2.00	eurgbp	0.8714	0.8710	0.8629	2013.08.02 17:35	0.8710	0.00	0.00	0.00	12.20
176854062	2013.08.02 16:21	sell	2.00	nzdusd	0.7858	0.7939	0.7780	2013.08.07 16:32	0.7939	0.00	0.00	-3.48	-162.00
176917443	2013.08.03 19:57	balance	trade result for 2013-05										1 386.13
176922779	2013.08.05 00:06	sell limit	2.00	audjpy	88.32	89.22	86.75	2013.08.05 04:35	87.69	cancelled
176923306	2013.08.05 00:12	buy limit	2.00	euraud	1.4895	1.4791	1.5649	2013.08.05 03:09	1.4934	cancelled
176927840	2013.08.05 01:08	sell	2.00	audchf	0.8273	0.8394	0.8252	2013.08.08 17:59	0.8394	0.00	0.00	-14.19	-263.27
176925165	2013.08.05 03:16	sell	2.00	audusd	0.8890	0.8972	0.8495	2013.08.06 07:48	0.8972	0.00	0.00	-1.70	-164.00
176927450	2013.08.05 03:27	sell	2.00	audcad	0.9232	0.9303	0.0000	2013.08.06 08:01	0.9303	0.00	0.00	-2.63	-137.12
176926577	2013.08.05 04:30	sell	2.00	audjpy	87.74	89.13	87.20	2013.08.07 04:07	87.20	0.00	0.00	-4.33	111.06
176930634	2013.08.05 15:00	sell	2.00	gold	1306.30	1317.34	1284.97	2013.08.06 10:12	1292.23	0.00	0.00	0.30	2 814.00
177121240	2013.08.06 11:06	buy	2.00	eurusd	1.3269	1.3272	1.3338	2013.08.07 11:19	1.3272	0.00	0.00	0.20	6.00
177165548	2013.08.06 15:59	sell	2.00	audusd	0.8963	0.9038	0.8859	2013.08.08 06:05	0.9038	0.00	0.00	-6.80	-150.00
177180327	2013.08.06 17:16	sell	2.00	usdcad	1.0378	1.0396	1.0349	2013.08.07 10:26	1.0396	0.00	0.00	0.29	-34.63
177215768	2013.08.06 21:37	sell	2.00	usdchf	0.9260	0.9281	0.9221	2013.08.07 10:25	0.9281	0.00	0.00	-0.13	-45.25
177265927	2013.08.07 10:00	sell	2.00	gbpchf	1.4194	1.4242	1.4091	2013.08.07 13:12	1.4242	0.00	0.00	0.00	-103.67
177330355	2013.08.07 14:11	buy	2.00	usdchf	0.9266	0.9227	0.9381	2013.08.07 17:12	0.9227	0.00	0.00	0.00	-84.53
177330959	2013.08.07 14:15	buy	2.00	usdchf	0.9265	0.9227	0.9329	2013.08.07 17:12	0.9227	0.00	0.00	0.00	-82.37
177426480	2013.08.08 00:41	sell limit	2.00	eurgbp	0.8681	0.8732	0.8578	2013.08.09 22:50	0.8603	cancelled
177502127	2013.08.08 13:40	buy	2.00	usdcad	1.0410	1.0386	1.0442	2013.08.08 16:54	1.0386	0.00	0.00	0.00	-46.22
177529566	2013.08.08 14:56	sell limit	2.00	audnzd	1.1388	0.0000	0.0000	2013.08.08 19:14	1.1342	cancelled
177591182	2013.08.08 20:53	buy	2.00	audnzd	1.1360	1.1257	1.1707	2013.08.09 23:06	1.1419	0.00	0.00	0.80	94.93
177610675	2013.08.09 00:05	buy limit	2.00	audjpy	87.91	0.00	0.00	2013.08.09 22:54	88.44	cancelled
177610710	2013.08.09 00:06	sell limit	2.00	euraud	1.4884	0.0000	0.0000	2013.08.09 22:48	1.4520	cancelled
177610714	2013.08.09 00:06	sell limit	2.00	gbpaud	1.7072	0.0000	0.0000	2013.08.09 22:57	1.6871	cancelled
177610773	2013.08.09 00:07	buy limit	2.00	audchf	0.8373	0.0000	0.0000	2013.08.09 22:57	0.8476	cancelled
177610777	2013.08.09 00:08	buy limit	2.00	cadjpy	93.05	0.00	0.00	2013.08.09 22:53	93.52	cancelled
177610844	2013.08.09 00:10	buy limit	2.00	nzdusd	0.7937	0.0000	0.0000	2013.08.09 22:57	0.8037	cancelled
177610902	2013.08.09 00:12	buy limit	2.00	gold	1289.74	0.00	0.00	2013.08.09 22:57	1312.94	cancelled
177610995	2013.08.09 00:15	sell limit	2.00	usdcad	1.0401	0.0000	0.0000	2013.08.09 22:57	1.0293	cancelled
177612032	2013.08.09 00:32	sell limit	2.00	eurnzd	1.6824	0.0000	0.0000	2013.08.09 00:51	1.6713	cancelled
177612649	2013.08.09 00:51	sell limit	2.00	gbpnzd	1.9535	0.0000	0.0000	2013.08.09 22:35	1.9275	cancelled
177612903	2013.08.09 00:59	buy limit	2.00	audusd	0.9011	0.0000	0.0000	2013.08.09 22:57	0.9189	cancelled
177610673	2013.08.09 06:26	buy	2.00	nzdjpy	77.17	0.00	0.00	2013.08.09 20:17	77.43	0.00	0.00	0.00	53.93
177675691	2013.08.09 10:17	buy	2.00	gold	1311.34	1303.33	1337.59	2013.08.09 20:02	1311.82	0.00	0.00	0.00	96.00
177782244	2013.08.09 22:10	buy limit	2.00	nzdjpy	77.11	0.00	0.00	2013.08.09 22:54	77.35	cancelled
177784323	2013.08.09 22:34	sell limit	2.00	eurcad	1.3827	0.0000	0.0000	2013.08.09 22:57	1.3733	cancelled
177785579	2013.08.09 22:47	sell limit	2.00	eurnzd	1.6932	0.0000	0.0000	2013.08.09 22:57	1.6597	cancelled
										0.00	0.00	-34.22	946.29
Closed P/L:												912.07
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:		1 386.13		Credit Facility:				0.00
Closed Trade P/L:		912.07		Floating P/L:				0.00	Margin:			0.00
Balance:		8 362.13		Equity:				8 362.13	Free Margin:			8 362.13
Details:
Gross Profit:		4 047.95		Gross Loss:				3 135.88	Total Net Profit:			912.07
Profit Factor:		1.29		Expected Payoff:				21.72
Absolute Drawdown:		1 264.57		Maximal Drawdown:				1 438.58 (23.06%)	Relative Drawdown:			23.06% (1 438.58)
Total Trades:		42		Short Positions (won %):				29 (37.93%)	Long Positions (won %):			13 (38.46%)
Profit Trades (% of total):								16 (38.10%)	Loss trades (% of total):			26 (61.90%)
Largest		profit trade:						2 814.30	loss trade:			-316.79
Average		profit trade:						253.00	loss trade:			-120.61
Maximum		consecutive wins ($):						3 (238.66)	consecutive losses ($):			7 (-916.53)
Maximal		consecutive profit (count):						2 921.03 (2)	consecutive loss (count):			-916.53 (7)
Average		consecutive wins:						2	consecutive losses:			3

Gold Price Action: Against Market Open, August 11, 2013. Pin Bar Price Action pulls higher, within Supply Zone.

 

Gold is slowly grinding higher after price fell back within its Demand Zone. No extensive bullishness is expected until we get a second bullish break on the pair. But where it fails and gives a sell setup instead, at about its Psychlogival level, Sell entries would be made. In the meantime, this points to the fact that we might be in for a ding-dong on this pair, until we get a clear break north or south (The time maybe, for Channel traders).

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EURAUD Price ACtion: Against Market Open August 11, 2013. Bearish Break Spotted.

 

 The EURAUD had been on an extensive bullish run which came to a halt as price failed to trade above the 1.4750 Psychlogical level, which was followed by a break of that zone on its way down. This created a new bearish bias therefore Price Action sell setups would be sort on retracements back towards the psychological level or on a break of the Demand Zone at about the 1.4300 Psychological level. What ever be the case the bias now is bearish but we will be calm and wait for the suitable price action setups to trade this bearish break.

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USDJPY Price Action: Ahead Market Open, August 11, 2013. Pin Bar Price Action Setup

 

The 96.00 Horizontal/Support Level Supported some profit taking of the sell-off on the USDJPY. Though trading on friday was thin on the pair, this level looks good enough to atleast force some bullishness into the pair early in the week but since there is no break to support the move, we would ignore the setup and wait to see price reaction at about the 98.00 psychological/horizontal/dynamic resistance region. We would go short at that point pending price action.

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GBPCHF Price Action: Ahead Market Open, August 11, 2013. Inside Bar Price Action Setup

The trend on this pair is expected to change from bearish to bullish following the Price Action bearish rejection candle of the GBPCHF on Wednesday (marked break). The next two days had witnessed very little price movements (Inside bars) however, the bias on this pair has changed from being bearish to bullish. The pair could either break through the 1.4300 psychological level or rotate lower in an attempt to gain momentum at about the 1.4200 horizontal/psychological level.

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