Sunday, August 18, 2013

NZDJPY PRICE ACTION: Pin Bar at Resistance, Against Market Open August 18, 2013.

 NZDJPY reached its Supply Zone and has shown reluctance breaking bullishly through it. A Pin Bar formed at the close of trading on Thursday, gives reason to think bearish and if this setup pulls through, we could see price falling into the 77.00 level.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.

Weekly Trade Room result: from August 11 to August 16, 2013.

InstaForex Companies Group

Account: 60607288 Name: APAFTT FX Currency: USD Leverage: 1:500 2013 August 18, 19:22
Closed Transactions:
TicketOpen TimeTypeSizeItem PriceS / LT / PClose Time PriceCommissionTaxesSwapProfit
1778014662013.08.12 00:40buy limit2.00audjpy87.6086.2589.802013.08.12 12:0188.53cancelled
1778042612013.08.12 01:42sell limit2.00eurcad1.37901.39231.36672013.08.12 01:441.3714cancelled
1778550362013.08.12 12:00buy2.00audjpy88.5388.7989.892013.08.15 04:4589.890.000.007.26276.87
1778807772013.08.12 16:19sell2.00nzdusd0.80240.80590.79602013.08.13 16:290.79600.000.00-1.16128.00
1778552952013.08.12 18:59buy2.00gbpchf1.43161.44521.46862013.08.16 15:421.44520.000.002.57294.59
1779734612013.08.13 10:48sell2.00nzdusd0.79940.80250.79452013.08.13 16:310.79450.000.000.0098.00
1780138312013.08.13 15:33buy2.00euraud1.45651.44521.47582013.08.15 20:221.45980.000.00-8.4660.21
1780827052013.08.14 12:01sell2.00gold1326.501343.671288.232013.08.14 14:111325.130.000.000.00274.00
1781701362013.08.14 16:02buy2.00usdjpy98.2897.8398.972013.08.15 02:3897.830.000.000.18-92.00
1781981742013.08.15 05:10sell2.00audnzd1.13821.14461.12672013.08.16 00:161.13310.000.00-1.2182.35
1782776752013.08.15 12:00buy2.00eurusd1.32911.32351.33932013.08.15 15:371.32350.000.000.00-112.00
1783753572013.08.15 20:01buy limit2.00nzdusd0.80470.00000.00002013.08.16 01:090.8072cancelled
1784234292013.08.16 01:03buy2.00nzdusd0.80730.80800.00002013.08.16 17:240.80800.000.000.0014.00
1785744862013.08.17 20:58balancetrade result for 2013-06347.19
  0.00 0.00 -0.82 1 024.02
Closed P/L: 1 023.20
Open Trades:
TicketOpen TimeTypeSizeItem PriceS / LT / P  PriceCommissionTaxesSwapProfit
1784205512013.08.16 03:53sell2.00usdcad1.02991.03741.0169 1.03400.000.000.29-79.30
  0.00 0.00 0.29 -79.30
 Floating P/L: -79.01
Working Orders:
TicketOpen TimeTypeSizeItem PriceS / LT / PMarket Price 
No transactions
 
Summary:
Deposit/Withdrawal: 347.19 Credit Facility: 0.00  
Closed Trade P/L: 1 023.20 Floating P/L: -79.01 Margin: 40.00
Balance: 9 385.33 Equity: 9 306.32 Free Margin: 9 266.32
 
Details:
 

Gross Profit: 1 227.02 Gross Loss: 203.82 Total Net Profit: 1 023.20
Profit Factor: 6.02 Expected Payoff: 102.32  
Absolute Drawdown: 0.00 Maximal Drawdown: 112.00 (1.29%) Relative Drawdown: 1.29% (112.00)
 
Total Trades: 10 Short Positions (won %): 4 (100.00%) Long Positions (won %): 6 (66.67%)
Profit Trades (% of total): 8 (80.00%) Loss trades (% of total): 2 (20.00%)
Largest profit trade: 297.16 loss trade: -112.00
Average profit trade: 153.38 loss trade: -101.91
Maximum consecutive wins ($): 4 (444.05) consecutive losses ($): 1 (-112.00)
Maximal consecutive profit (count): 498.84 (3) consecutive loss (count): -112.00 (1)
Average consecutive wins: 3 consecutive losses: 1

Friday, August 16, 2013

EURUSD PRICE ACTION: Fakey Price Action Trade Setup. August 15, 2013.

EURUSD found support as it traded into the projected demand zone, facing immense buying pressure as it did, taking out out all of the previous 3 days bearishness. This new bullish momentum should carry us into 1.3400 and a break could lead us as far as 1.3700.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.

Thursday, August 15, 2013

GBPCHF PRICE ACTION: Stranded Counter Trend Pin Bar at Resistance. August 15, 2013.

There was some profit taking in today's trading on the GBPCHF as price failed in its attempt to reach 1.4600, closing below 1.4500 for the second day running, the resulting Pin Bar, however, is what I term a stranded Pin Bar. Appearing too soon after the trend changes from bearish to bullish. It would be very un-wise to trade this pair as the lower time frames are yet to show any breakout. This sort of Price Action Trade Setup many times dont pull off as expected leaving many price action traders wondering why. These are things I teach in the advanced Price Action Class. For the bears to have a say in this market, we may need to find another candle, failing to reach the high of the previous day and and also closing below  1.4500. In the meantime, I recommend that traders ignore this setup.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me. 


USDCAD PRICE ACTION:Fakey Trade Setup. August 15, 2013

USDCAD has faced significant bullish rejection within its supply zone. A Fakey is a failed attempt for price to move in an opposite direction to the established trend, which is what we have on the daily chart of the USDCAD. If this setup up pulls off, it would be expected that price will aim to reach 1.0200 and then 1.0100.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me. 

GBPCHF Trade Update. August 15, 2013

1376569439-clip-87kb

Wednesday, August 14, 2013

GBPUSD PRICE ACTION: outside Bar Trade Setup, August 14, 2013

1376516465-clip-39kb

GBPUSD seems to be resuming it's bullish drive after lower prices were rejected as GBPUSD hit its 8ema. More bulls are expected in the coming day and entries would be sort on the intra-day time frames.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.