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Sunday, September 23, 2012

September Last Week Trading Setup ForextradinginIndiaIndia

GBP/USD    ~  200 pips move
Weekly Rejection to previous tops Pin Bar formation- looks like strong Bearish here onward
Monthly - Ranging with in a triangle, looks like bullish move will continue to test the upper trade line
Daily - Could Not succeed to maintain the previous bullish trend - Last week was consolidation and here onward we can expect retrace for at least 1.6000


EUR/USD   1st target ~200 pips next target ~ 340 pips
Weekly -  Inside Bar => Bearish Harami
Monthly - Couldn't maintain the bullish trend - it may be retrace move
Daily - retrace move continuation to touch the 61% of the daily uptrend .. lets see how it goes??


USD indices    ~80pips , ~200pips
- Expected to go bullish - retrace move to touch the uptrend line

GBP/JPY    1st target is very near - will touch to ascending triangle breakout and then go up. RR will be 1:1
Weekly - Doji
Monthly - Bullish - this may be temporary retrace move
Daily - Bearish pin bar - With in a range need to look into it
H4 - AB = CD formation is going to be happen - 





NZD/CAD  
  
Daily Bearish Pin Bar
Weekly - Channel - Down Trend. still maintains the bullish - while trading daily for bearish move, put the reverse buy order.
Monthly - with in a range - down trend slow


EUR/GBP
    
   Wait for Monday's Candle formation and enter 
Weekly Two candle reversal - Bearish Engulfing
Daily -Bullish Pin Bar -- Looks like Previous retrace has taken place and here onward it will move bullish
Monthly - Couldn't succeed to go bullish to previous hight -



EUR/JPY
-Weekly - looks like reversal

================================================================================================================================================
This week was good for me -- I was in a mood to feel the 10% gain & don't take any further risks :) As for me monthly target is achieved
Daily Trades:

IntraDay Trades



------------- Coming week Planned to trade Intra Trades on the same account (Daily ) as moving to real account I am going to maintain only one account for trading purpose.

Best Wishes to You All ... EnjoYYYYYYYYYYYYYY
-- Avinash

Monday, September 17, 2012

September 2nd week Trading


Last week was OK OK for me.  But in the market there was lot of happening ...Just like money is flowing in front of me but couldn't grab it :) :) 

Daily Chart ->
On Tuesday traded against the flow (hoping for retrace ) & took losses :(  After that recovered the losses and going good now :)    => Daily Statment http://sdrv.ms/Qjbg6E



Intra Day ->
Yes It is going good, after 1st week set back.   http://sdrv.ms/PkBe7Y 


Learning
  Don't trade against the flow of market :(
  Always Study from M1->W1->D1 is required before you put the trade :(
  Keep Eyes open for upcoming news .. that will help to put reverse order 
  Don't Look for so many opportunities at the same time ... One or two trades could be sufficient for weekly profit :)


Coming Week Trading Setups 

Major question ->
  •  After such a strong bullish push, now how the market will retrace & How much 38% or 61% ??



1> AUD/USD  - Pin Bar

2> NZD/USD - Similar to AUD/USD daly Chart Bearsih Pin bar  -- Set up  Reversal Expected

3> USD/JPY - monthly - Doji,  Weekly - bullish pin bar, Daily Bullish engulfing   I will wait for retrace and then go for bullish trend

4> GBP/JPY - M1 - Bullish break out to previous resistance
                      W1 - Ascending triangle break out 
                      D1 - Strong Bullish pattern
       Wait for weekly chart retest to previous resistance or inside bar Pattern  & then tread for UP Trend  

4> AUD/PLN - Weekly Double Top


Wednesday, September 12, 2012

eur_jpy_expected_to_go_bullish.gif


EUR/AUD - Daily

EUR/AUD  -

  •  Bearish Engulfing - after 2-3 day's consolidation looks like today it will continue bearish 
  • else wise put a reverse buy stop so that I Will not miss the Bullish trend  -
  •  Lets see how it goes?  

EUR USD Daily

EURUSD 
For me  - Expecting retrace or consolidation ?
- I will wait a bit for some retrace move and enter - so that RR ratio will be more than 1:1
- Is there any strong support to Bullish trend?
-  Yesterday  daily candle was inside bar (Bearish Harami) I Was awaiting for 50-60% retrace move but didn't happen :) :) 
- Lets see how it goes?

Thursday, September 6, 2012

Wednesday, September 5, 2012

EURUSD Bearish Pin bar

- Bearish Pin bar 
- Strong rejection to Move upward - 
- Expected to go bearish till near resistance about 1.2400 - 1.2450 & then again bullish 



Result - 
- 1 Target is achieved -- Now it is going bullish
- Yesterday's close is exactly 1.2600
- Looks like here onward it will be bullish at least for ~ 1.2750

One Trade is closed in + ve other one is open




EURAUD .. Doji . Expected bearish

EUR/AUD
-- looks like it is now a break to the continuous Bullish trend & reversal - retrace is expected
-- Today's candle close is IMP to make the decision 
-- I am expecting it to continue bearish till ~ 1.2190  (Friday's close /gap is untested)