Trade Ideas

Boo! Another week with no signal on my HLHB mechanical system. Still, I have much to be cheerful about since I locked in a lot of pips from last week’s trade signal.

Tally-ho! I caught some pips on the AUDUSD! ( ^_^ )

Oh yeah baby! I got lucky and hit a touchdown on my trade! WHO DAT!

Shucks, the price didn’t even come close to my entry point as the risk aversion wave that hit the markets yesterday was just way too powerful.

Skadoosh! Thanks to my revised rules on the HLHB system, I was finally able to get into a trade today.

The GBPJPY pair broke down from the symmetrical triangle formation yesterday and plummeted to the 145.50 area. Before doing so, the pair climbed to retest the top of the triangle but, unfortunately, it missed my entry order by a few pips.

I had two ideas on EURUSD short, and it looks like I focused on the wrong one this time as EURUSD didn’t make its way much higher before “dropping like it’s hot!”

I’m in Korea for two weeks…and so I’m TRADING from Korea for two weeks! So the issue is not whether I can trade but do I know the mannerisms of the hours that I will be trading. So I have to ask myself: Am I pipsmart in the ways of the Asian session? THAT will be what I have the adjust for the most.

Unfortunately, my NZDUSD trade didn’t get triggered yesterday as price was unable to make it past the psychological 0.7400 handle. Right now, the pair is more than 200 pips away from my entry point, which means that it probably wouldn’t get triggered anytime soon.

Yikes! As risk aversion returned to the markets, the AUDUSD dipped back to the 0.9200 area, causing my adjusted stop on my second position to get hit.

Whoa! Things were looking fine and dandy when price shot up from my entry point. And then US retail sales were released last night and came out worse than expected. It triggered a sell off in the USDJPY pair, which brought other yen pairs along for the ride!

Oh dear, another week with no signal on my HLHB mechanical system. I’m getting pretty tired of simply waiting for trade signals to come out so I decided to delve a little deeper into the details of my mechanical system…

Argh! It’s too bad my long EURUSD order didn’t get triggered because I could’ve netted a hundred pips on that trade. The price didn’t dip as low as my entry order at 1.4450 but it did surge all the way up to my first profit target at 1.4550.

I’ve been watching the daily chart of the USD/JPY for a correction ever since it’s visit up to the 200SMA…

Oh what a boring week! First, no signal on my system! Second, the Pacquiao-Mayweather fight is off! Bummer!

Like I promised, I’d close my trade before the release of the US non-farm payrolls report. It’s about time I locked in those profits before I head off to enjoy the weekend!

Ouch! No thanks to the stellar Australian retail sales result that was just released and yesterday’s Fed’s meeting minutes, I’ll start 2010 with a small hit on my account.

Is it a reversal or a correction?

It’s a issue that many traders struggle with..

I was laying low for most of December, (as I see no point in unraveling a pretty decent year with too much year-end trading) but I was staying fairly active with my short term five minute set ups (which I have outlined in detailed perviously) and find myself ready to grab 2010 and see what it offers.

Good Day Mates! I hope everyone had a wonderful holiday season, but it’s time to get back on the Forex trading grind! After reviewing my trades in 2009, I have decided to refresh my trading rules and share them with you all. Let’s start 2010 fresh by getting back to basics!