Trade of the Day

Red Line = Stop Loss

Black Line = Entry Point

2nd Red Line = Stop Profit

Blue Line = Take Profit

From the chart, although the SHI trend line indicates upwards, but from the other various signals from the indicators, wave pattern, sign of a divergence, and yesterday market pattern, I made a decision to enter short in eur/jpy. 

Update (22:00) : Trade hit stop profit, set kind of high, which I don't really think so (10 pips above pivot line). But well, I'm destined to miss the ride. Congratz to those who are still holding their short trades, enjoy it. 

Trade of the Day

Entered UJ Long, as I saw a divergence formed on the indicators. 

This pair is not as violatile as the usual 3 pairs that I have been trading. Therefore I would not incur heavy losses if the trade turns against me, likewise the same for profits. 

This particular trade is unique, as I relied on the indicators, and the convergence seen. However there was no wave pattern to indicates a buy signal. I decided to make an entry, partly due to the bear trends that had been going on with the other 3 pairs, with no valid wave patterns too.  

Update (17:48) : Decided to close the trade off. Wiser to wait for the open of NY market. 

Trade of the Day

Red Line = Stop Loss

Black Line = Entry Point

2nd Red Line = Stop Profit

Green Line = Trade Closed

From the chart, all indicators shown signs to enter a short trade. Furthermore, looking at the black arrows drawn, we can see a divergence formed. It seems as though the bull trend had hit its limit, after the run from the past 2 days. 

Update (17:43) : The trend had turned bullish suddenly, it almost hit my stop loss!! What a close call, the news event at 17:30 knocked the bull out. Will the trend continue to be bearish?? Or the bull shall stand once again??

Update (20:40) : Closed half of my trade. 

Update (22:15) : Hit stop profit. 

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.