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

Monday, Sept, 26, 2011 GBP/USD

I took a short on gbp/usd after an UT, but was stopped out the next bar above the high. In my opinion the market was weak because there were several tests with no result, and the general trend was down. Also the fact that the SO produced no result is another sign of weakness.

Result:  -33

Friday, september, 23 2011 usd/chf

I went short on usd/chf  on an inside bar closing on the lows bellow support on increased volume. However the next bar was a countermanding shakeout so I decided to close the position with a small profit.  I'm really pissed at myself because I took another trade on eur/chf  impulsively without thinking and ended up with a loss.

Initial Risk: 50      Result: +9

Monday, Sept, 12 2011 EUR/USD

I took a short On EUR/USD because of a ND bar in a down trend, but I decided to not hold the position during the Asian session. I closed the position 2 bars later because selling pressure was diminishing.

Initial Risk: 70      Result: 30

 

I re-entered short after an UT but closed out an hour later because we were right on support. Now I am looking for further weakness on the 15m for another entry.

Initial Risk: 48    Result: 61

sunday Sept, 4, 2011, USD/CHF

I went short on USD/CHF because the trend was down, and there was ND followed by supply. I entered on the low of the high volume, narrow spread up bar. However I closed the position 2 bars later because it appears that demand is coming in.

I am also long on G/U at the moment. I will publish the results when I close the position, but I am planning on holding it for some time.

Initial Risk: 30      Result: +2