Trade of the Day

Blue Line = Take Profit (rate = 1.4700)

Green Line = Trade Closed

Black Line = Entry Point

Red Line = Stop Loss

From the chart, we can see that the opening of London market seem to push the trend of GU in the opposite direction drove by the Tokyo and Sydney market. 

Entry was made when the setup was seen, based from the various indicators. I would not take trend from last week into consideration though, based on 15M chart. 

Update (22:44) : Shifted stoploss to break-even

Update (00:28) : Trade closed at 1.46685

The Forex Market Chart

There are different chart formats and these can be available, provided by your brokers. These are

• Line chart,
• Bar chart, and 
• Candlestick chart. 

Out of the 3 charts, Candlestick chart is widely used throughout the world. 

Normally these charts would at least (or only, for line chart) show the closing price of the currency pair you are trading. However your broker's platform might enable you to view the chart based on other factors, such as the opening price, average price, and etc.

2nd Trade of the Day

Green Line = Trade Closed

Black Line = Entry Point

Red Line = Stop Loss

As from the chart, we can see the wave pattern formed. The indicators show signal of long entry, and the trend had been bullish for the past few hours. 

Update (01:11) : Trade closed at price 1.5002

Trade of the Day

Entered Long in Eur/Usd. 

This is a risk trade, as it is a counter-trend trade. My stoploss would be set tight, and constant monitoring on the market is required. 

Updaate (19:11) : Break-even hit.

Counter-Trend Trade of the Day

Red Line = Stop Loss

Black Line = Entry Point

2nd Red Line = Stop Profit

Green Lines = Closing of Trade 

I consider this trade as a counter-trend trade, as the general trend for yesterday market was bullish, and SHI was showing upwards at the time of entry. (Not shown in this chart)

This trade entered was kind of impulsive, as 1 of the indicators, the CCI did not show signal to short (Look at the black square drawn). However I decided to make the entry based on the other signals, the wave pattern, and QQE. 

But most importantly, there was a negative divergence (Look at the black arrows drawn) seen on the chart before the Tokyo market opens. These signals give me an idea that the market trend throughout the day is likely to be bullish, thus the entry I made after a red candle formed below the EMA bands. 

Update (20:54) : Closed half of the trade at 131.50

Update (00:18) : Maunally closed the trade at 131.62, London market had closed an hour ago, and time to rest for the day. 

Counter-Trend Trade

Entered Long on Eur/Usd. This is a Couter-trend Trade.

Blue Line = Take Profit

Black Line = Entry Point

Red Line = Stop Loss

Setup is shown, there's the wave, LL-H-HL, QQE above 50, CCI turns from red to blue. 

There's also a sign of positive divergence, look at the arrows drawn, whereby the price is sloping downwards, but the indicators are sloping upwards instead. 

Update: Closed my trade at the Green Line drawn on the chart to secure my profit, as price seems to be heading back downwards, and NY market is about to open.

Trade of the Day

Entered short in Eur/Jpy. 

Red Line = Stop loss

Black Line = Entry Point

All Green Line = Closed part of the trade

2nd Red Line = Stop Profit

Blue Line = Take Profit

From the chart, we can see the downwards wave formed, HH-HL-LH. The indicators are showing signs to short too, QQE below 50 and CCI is red. 

There was another signal on the chart too. From the arrow drawn on the Candlestick chart, we can see the price was sloping upwards since the day had started. But when we look at the indicators, both QQE and CCI are sloping downwards instead during that period. This means a negative divergence has formed. 

Stop loss was constantly reset (to stop profit) during the trade to secure my profit, in pre-caution that the price might reverse, for any reason. 

Update (23:02) : Closed half of the trade at price 135.00

Update (23:18) : Closed half of the trade again, at 134.59, near pivot level price

Update (01.16) : Stop Profit Hit

*I do not consider this as a counter-trend trade using the trend from last week as I'm trading on 15M timeframe. News might have affected the currency rates during the weekends. 

Trade of the Day

2nd Red Line = Stop Profit

Black Line = Entry Point

Red Line = Stop Loss

Entered Long during London time based on the following signs: The general trend was bullish, wave pattern, LL-H-HL was formed, and CCI turns from red to blue again. 

My stoploss was set few pips below the wave point of higher-low, and take profit was set at R3 price level, which is not being shown in the 15M chart. 

Update: Hit Stop Profit that was set when the price exceeds M5 price level.