Monday, November 22, 2010

22/11/2010 Short GBP/USD [Close]

This trade is also mostly based on the Monthly & Weekly RSI. Probably going to take profit fast if it does go down.

Trade: Short GBP/USD
Open Price:1.5970
Stop Loss: 1.6020
Reason(s): 1.6000 Area, Monthly & Weekly RSI pointing down
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 0.5%



























Result: -50

22/11/2010 Long USD/JPY [Cancel]

 This trade is different from my previous trades where I will be taking the Monthly & Weekly RSI into consideration. I am going to test if the RSI is useful.

Trade: Long USD/JPY
Open Price: 83.74
Take Profit: 84.40
Stop Loss: 83.03
Reason(s): Daily Pinbar, Monthly & Weekly RSI pointing up, 83.50 Area.
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 1%












Thursday, November 18, 2010

18/11/2010 Long NZD/USD [Close]

Trade: Long NZD/USD
Open Price: 0.7736
Stop Loss: 0.7621
Reason(s): Daily Pinbar, Uptrend, 0.7650 Area
Risking: < 1%





























Result: BE

Wednesday, November 17, 2010

17/11/2010 Short GBP/CHF [Close]

Trade: Long GBP/CHF
Open Price: 1.5839
Take Profit: 1.5990
Stop Loss: 1.5710
Reason(s): Daily Pinbar, Price went through 1.5800
Caution: Weekly trendline, Weekly downtrend?
Risking: < 1%
















Result: +129