Showing posts with label Profit of my Analysis. Show all posts
Showing posts with label Profit of my Analysis. Show all posts
AUDUSD 5min / 15min Chart Cypher
AUDUSD 5min / 15min Chart Cypher
Today I got bit more time thought i post this scalp i did on the 5 min chart
It has hit both my TP1 and Tp2 as i write this blog. happy days..
Why i took this
- Very perfect cypher where all fib levels line up
- PRZ is also a 61.8 retrace from the sessions high to low, which makes it more convincing
- I didn't wait for price action, as i am dealing with 5 min chart very fast pased,
- I was only risking i think 4 pips but a larger lot size to make it worthwhile
- TP1 was 4 pips (38.2% retrace) , TP2 was 6 pips (50% retrace)
Should i have been greedy and wanted more pips, i might have lost all my profits, as its trying to shoot up again while i write this post
Note - pips profit doesn't sound much, but it all depends on your Money Management. If you risk 2% then you gained 3 % on this trade alone. in i think a few minutes or less.
Also, doing these scalps require a very low spread broker, Contact me if you want recommendations.
Currently talking to my broker to get commission from my referrals
Happy Trading!
AUDUSD Example of our winning trade with a Low risk high reward entry
AUDUSD Example of our winning trade with a Low risk high reward entry
As per my trade setup posted this morning, price actually reacted very well.
- We got a 3 to 1 win (Risk 9 pips, and gained 27 pips)
Note - closed my trade, although i still see a new high in the aussie
Here i'd like to share with you a very good strategy when entering trades.
Steps
1) Wait for Price to react from the level (best is 15% of 5 day ADR)
2) Enter at a 61.8 or 78.6 with stops at PRZ (few pips below)
- By doing this, you already eliminate the chance of price shooting through your anticipated level of reversal, so your chances / odds increase dramatically
- For scalpers, your win rate should be around 90% of the time if you take 1risk:1reward , usually we get 1:2
*If price doesn't get to fill our entry, doesn't matter! find another trade!
Advanced considerations
- If US Dollar pair, check the US Dollar Index Chart
- If Yen check the nikkei
- Also look at a highly correlated pair
AUDUSD Example of pin point accuracy for entry
This is one of many examples of how accurate my entry points can be
Earlier today i posted on my blog of an update of AUD/USD
(Below screen shot of the post)
I mentioned that for those who have not shorted, could consider a pending short order at around 0.88880
Well market did exactly that and reversed, and for scalpers, easy 20+pips. with virtually no risk at all
NB-, this might not be the home run down, for the Aussie
AUDUSD Order Filled As per analysis
AUDUSD
Our short order has filled as per our analysis,
Currently the market is against us by around 5-7pips. And due to positive Aussie economic data, I won't be surprised for another small push up,
For those who have not entered, could make a pending order at around the 0.88880
EURUSD Order Filled
EURUSD Order Filled
Up 22pips took partial profit , and leaving 20% of initial trade size to run
EURAUD Order filled
EURAUD Order filled
As per analysis on monday 20th of Jan, 2014
Our pending trade setup has been filled during the Asian Session today and market had a good bounce from our entry which was the 200ext from initial leg of retrace move.
The bounce gave us 30pips and I have taken partial profit leaving a small portion to potentially going higher. My stops for this particular trade is just under the weekly pivot, this way even if stops taken out we are still in profit as a whole, Will move stops higher when past a new level of resistance
**Update**
80 pip move in our direction
USDJPY Setup filled and up 70pips
USDJPY Setup
as per analysis on the 20th of Jan 2014
The market went in our favor to our trade setup - both on 4 hrly and 1 hourly charts. Currently Up 70pips
EURUSD Trade setup
Here is another example on how exact i can be, however in this case, price didn't get up to fill my order - missed by 1 pip although my order was set under 2 pips from my target reversal point. But this is yet another classic example of how exact my trades can be.
Example of How I scalp the Market - GBPJPY Trade Setup 16.01.14 (Asian Session)
Example of How I scalp the market
This was a trade setup around mid Asian session on Thursday. Unfortunately I did not have the time to post this setup prior order being filled. It was a quick and easy 20 Pips in an usually slow Asian session. (however you can see we can get more than that around 30+pips)
There are many trades just like that where I can accurately pin point where market is likely to reverse. Usually my entry price does not go against me for more than 5 pips.
This strategy, I will probably post it on my blog in the future, If you would like me to write it up earlier,
Please share my blog and like my facebook more!
Thanks
Howard
Three winning trades these two days prior to xmas! - Total - 53 pips and still going
Profits this week so far for AUDJPY, EURUSD, USDJPY
(i haven't updated my profits from last week. sorry being slack here, it takes time counting! - will update later)
For this week so far, three trades came into play as per my trade setup - Two of them closed already while one is still active with partial profits taken
AUDJPY - 15pips
EURUSD - 30pips
USDJPY - 13pips partial TP (still going)
Cheers! and Merry Xmas to you all!
EURUSD - Oh i bagged another 30 pips in a few minutes right after i got my 60 pips
EURUSD - gave me 90pips today
(60pips from fridays analysis, and 30pips from thursdays)
Did you follow my Thursday's sell limit order setup?
If you did you could of got 30pips just like that
EURUSD - 60 pips profit on a Friday
60 Pips profit for today on this trade
Anyone followed my trade setup early today for a EURUSD Long?
If so you were able to bag 60pips!
Hows that for a free trade recommendation?
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Result of my analysis for 16.12.13 (Monday)
Result of my analysis for 16.12.13 (Monday)
Typical monday results
AUDUSD - no trade
USDJPY - first trade -15pips + second trade + min 15pips out of possible 30pips
AUDJPY - early asian session stop run stopped me out by few pips of -20pips, however those who entered after should be in positive
EURUSD - 28pips out of possible 55pips
Total pips 8 pips profit out of possible 70pips - i'll call today a Break Even day!
Cheers
Weekly Profit for 9th to 13th December, 2013
Weekly Profit for 9th to 13th December, 2013
Summary of profit
EURUSD = 55pipsAUDUSD = 155pips
USDJPY = 213 pips
AUDJPY = 310pips
IN TOTAL A POTENTIAL OF 733PIPS PROFIT! (MINIMUM 386pips!)
Total 17 trades, 3 losses = 82% Accuracy
p.s - for those who don't believe, All my blogs are dated and timed :-) no bs!
Result of my analysis for 13.12.13 (Friday)
Result of my analysis for 13.12.13 (Friday)
It was a very quiet day as I had no recommendations for two of the pairs.
AUDUSD - No trade
USDJPY - No trade
AUDJPY - Long Trade 40pips profit
EURUSD - Long Trade 35pips
Total 75pips
Hows that for a friday :)
Cheers
Result of my analysis for 12.12.13 (Thursday)
Result of my analysis for 12.12.13 (Thursday)
AUDUSD - Short trade - Gained 20pips in less than an hour - however maximum possibility of 140pips
USDJPY - Long Trade - 20pips minimum out of possible 100pips
USDJPY - Short trade - 10pips profit
AUDJPY - #1 - loss -10pips
AUDJPY - #2 - Gained 30pips out of possible 50pips
EURUSD - Short - 40pips
In Total - Minimum of 110pips out of possible 330pips!
Hows that for results! :D
Result of my analysis for 11.12.13 (Wednesday)
Result of my analysis for 11.12.13 (Wednesday)
We had Boring day
If you trade according to my trade recommendations your results should have been:AUDUSD - Loss -25pips (sorry)AUDJPY - Profit 15pips out of possible 140pips!USDJPY - Profit 25pips out of possible 50 pips however this one you could have missed entry by 4pipsEURUSD - No tradeIn Total if you trade straight to the pip on your entry, its a loss of -10pips today. however if you were to trade the UJ, it was a positive of 15pips.
Cheers!
Result of my analysis for 10.12.13 (Tuesday)
Result of my analysis for 10.12.13 (Tuesday)
We had another good day.
If you trade according to my trade recommendations your results should have been:AUDUSD - no tradeAUDJPY - UP to 50pipsUSDJPY - Up to 80 pipsEURUSD - Took Short trade which was a loss -22pips
In Total approx 108pips profit for Tuesday
Happy Trading!
Result of my analysis for 009.12.13 (Monday)
Result of my analysis for 009.12.13 (Monday)
We had a good day overall, Personally I had a very small gain due to an order i placed early in the morning where I didn't follow my own trading plan! However good to still end the day positive.
If you trade according to my trade recommendations your results should have been:AUDUSD - Took long from Daily pivot and had 40pips profit AUDJPY - Took Short from Weekly high and had 40pips profitUSDJPY - Took Short from 103.090 to fridays high 13pips ProfitUSDJPY - Took Short from Weekly High / Daily R1 10pips profit (closed on Tuesday)
In Total - 103 pips profit
Result of my analysis for 06.12.13 (Friday)
Result of my analysis for 06.12.13 (Friday)
Another positive day for those who followed my trade recommendations.
- AUDUSD - Long Trade Potential of 25pips during asian session, although day ended 620pips up from entry, there was a stop run from the nfp which would have taken us out. (I took profit at 10pips in asian session)
- AUDJPY - Long Trade Potential of 150pips (I took profit at 20pips in asian session)
- USDJPY - Short trade -went in profit in 15pips, however did not reach my profit target of the lows, so market eventually went against our trade and had a loss of -15pips (I personally did not trade this purely because there was a 3 drive down completed already and risk is higher)
Total Results Friday - Potential of 160 pips profit (personally I traded Asian Session and had 30 pips profit)
Happy Trading!
Cheers, Howard
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