Thursday, Dec, 22 2011 USD/CAD

I took a short on usd/cad because it was in line with the trend, and there were many signs of weakness that preceded the ND that I shorted. The UT was the first sign of weakness, and 2 bars later there was a massive shakeout that failed to produce a positive result. I like how the ND was in the buying tail of the shakeout showing that where there was once massive buying, there is now lack of it.
       Soon after entering the trade and putting a tight stop in I fell asleep (3am my time) and woke up with 55 pips in profit. If I were monitoring the trade I would have taken profits much earlier or been stopped out a break even. My reasoning for closing the trade was that there are signs of no supply because of the Asian session starting.

Risk: 15           Result: +56

Monday, Dec, 19, 2011 EUR/USD

I went short on eur/usd on a ND after effort to fall, but got out 2 bars after because of a test. I might re-enter after further weakness, but I don't like this tight range.
Result: +5

Monday, Dec, 12 2011 GBP/USD

I haven't had the patience to update this blog in a while, and I haven't been taking many trades lately either. I do however want to share this trade that I just closed out. The reason for taking the trade was that we are in a down trend with no result after effort to rise, and also at the time we just penetrated the lower support line  and rejected higher prices on an inside bar. That was my initial entry, but soon after closed out with a minor loss when strength came in. However the next bar was a nice outside bar that completed a 2bar reversal so I went short again. My reasoning for closing the trade was because of the ultra high volume coming in.

result -7 , +55       Risk: 15
timeframe: 15m