June 2015

Classic Trend Following on NZDCHF. Confluence of Factors.

  • Posted on: 30 June 2015
  • By: strategist
Classic Trend Following on NZDCHF. Confluence of Factors.

I submitted this classic trade on Jun 26 2015 but I didn't post it until it was closed. This one is very interesting since I haven't done any of these types of trades in a while. By-the-book trades like these are rare as you will learn with experience.

EURUSD Short after Technical and Fundamental Analysis Agreement. Heiken Ashi Bars and Greece Situation.

  • Posted on: 29 June 2015
  • By: strategist
EURUSD Short after Technical and Fundamental Analysis Agreement. Heiken Ashi Bars and Greece Situation.

The Greek situation was definitely not going well as Tsipras & Co. were gambling with the patience of EU top dogs, etc. The Greek bailout was soon due to expire (Jun 30 2015) and there was still no agreement. I was surprised at how EURUSD was still holding up. The fundamentals were definitely in USD's favor.

Another Fade Trade. USDCAD Exhaustion Short.

  • Posted on: 29 June 2015
  • By: strategist

On June 24 2015 there was a USD rally after the uncertainty with Greece and the EUR zone. One of the most prominent moves was on USDCAD. As we were getting ready for the Asian session, the pair showed exhaustion signs on the hourly chart. There was also a longer term resistance right around that area, which further confirmed that the pair was about the go south.

Fading after Rejection Bar Formation on GBPUSD

  • Posted on: 21 June 2015
  • By: strategist
Fading after Rejection Bar Formation on GBPUSD

Three bars with huge bearish wicks appeared on June 19 2015 after a rally. This signified that the pair had hit a strong rejection/resistance area. I shorted aggressively for this being a very strong short signal. Took quick 6-7 pips but the trade was good for a lot more. However, there was definitely a cluster to the left (not shown on screenshot) and I had to be conservative with the T/P.

As always, trades like this one require a lot of experience and a good ECN broker.

Candlestick Formation Scalp on EURGBP

  • Posted on: 21 June 2015
  • By: strategist
Candlestick Formation Scalp on EURGBP

At 9:00 AM EST on June 19, 2015 a pin bar appeared at the low boundary of a range on EURGBP. The pair had been moving in a tight range for the previous few hours. I executed an immediate long order when the next bar passed the high of the signal pin bar. I placed the T/P conservatively a little below the close of the previous bar formation near the upper boundary of the range for a 8-9 pip profit.

Bollinger Band Breakout On USDCHF After Federal Funds Rate Decision

  • Posted on: 21 June 2015
  • By: strategist
Bollinger Band Breakout On USDCHF After Federal Funds Rate Decision

This trade was executed on 17 June 2015. The Feds did not raise the interest rate yet another time, which disappointed investors and led to a USD drop. The lower Bollinger Band on USDCHF on the one-hour chart was broken and there was no HTF (higher time frame) support. The risk/reward was favorable so I placed a pending short order right below the candlestick that broke the lower BB. T/P was placed at the S1 pivot point. The order was later executed and went to target in a few hours. Around 50 pips profit.

USDCAD On Daily. Trend Shift

  • Posted on: 11 June 2015
  • By: strategist

Hello, friends.

In this instance, I will demonstrate a trend shifting trade. I use a customized indicator with RSI and a 21 EMA plotted. When the EMA crosses RSI from below, there is a possible bullish trend shift and vice versa: when the EMA crosses RSI from above, it's a possible bearish trend shift. I only use the cross as a confirmation, I don't blindly rely on it! Please use the Internet to familiarize yourself with RSI and the concept of moving averages (EMA in this case).

AUDNZD On Daily Chart Using CCI. Loss Trade

  • Posted on: 11 June 2015
  • By: strategist

Hello, friends.

In this example I am going to discuss a loss trade. You can see that in real life not all trades end up being winners. As long as we abide to strict money and risk management and we follow sound and proven strategies, we will end up at a profit. I will not discuss money management and risk/reward here. I am assuming you are familiar with these concepts and if not, please use your favorite search engine to read and learn about them. You can never become profitable in the long run if you don't follow these rules!