FX-Diaries

FX-Diaries Updated 

It's a quiet week no trades yet, but that's a good thing. That means also no losses are taken. So my decision-making ability to spot only good quality trades for my system works. NZDUSD 4H long is on only thing that caught my attention and I will explain why. First thing what I always want to see a long clean downtrend breaking support. It's hovering arround...

FX-Diaries

Reason for enter this trade is - Clean downtrend breaking support - There is is a consollidation pattern - There is a strong bullish candle closed above the support line again

FX-Diaries Updated 

First setup of the week. There is a clean downtrend reaching support. Followed by a couple of pinbars, One deeper that the other. That's what I like to see because it means price is searching for liquidity and stops are hit. after the engulfing candle I entered the trade

FX-Diaries Updated 

I'm watching EURGBP for a while now but no interesting candle patterns yet. Untill now... If the current candle close is bullish engulfing as it is now, I'm all the way in bullish. Candle close is 19:00 hours Amsterdam time. Will explain later why

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Nice clean downtrend on the 4H breaking the support line and in the demand zone on the daily. Then we see a bullish engulfing candle closing above the support line. That shows strength so I placed a direct market order at 07:00 candle close still in the trade. TP 2RR Management: Set & forget

FX-Diaries Updated 

Clean downtrend reached support. We see a double bottom, the last one deeper that indicates stop are hit. Another indicator there is a strong bullish engulfing candle. I entered the trade after the engulfing candle. TP: 2RR management: set & forget There is high impact AUD news at 3:30 pm but I still trade the setup based on the technicals not the fundamentals.

FX-Diaries Updated 

Forgot to publish my trade! Nice pinbar setup just before the London open. Clean trend pierced through the support line, Then we see a consollidation for 20-30 candles, Pinbar to take out the stops plus strong bullish momentum candle. Reason enough to enter the trade :) TP target 1.2 RR (2 RR should be possible also but for now I don't do that) Management:...

FX-Diaries Updated 

3 pinbars to trick you in the setup and then the real pinbar! The last pin was a sign for me to enter the trade. There is high impact NZD news tho but I'll take the gamble

FX-Diaries Updated 

Got stopped out the first attempt, think this is the real move after the pinbar

FX-Diaries Updated 

SL was hit earlier in the week, didn't wanted to enter another trade this week. But after such a large pinbar it was obvious to me that I was a little too early in the week to enter. So let's try again...

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nice pattern with a break of the trendline and bullish momentum

FX-Diaries

GBPCAD is hovering at a nice support level, to look for a long. With other CAD pairs also. What's nice to see is: - there is a strong downtrend - Consolidation candles at support level - pinbar/ liquidity bar However this can easily be a fake pattern and continue bearish. So what I want to see is: - A strong bullish engulfing candle, that engulfs the last 3...