This trade is also mostly based on the Monthly & Weekly RSI. Probably going to take profit fast if it does go down.
Trade: Short GBP/USD
Open Price:1.5970
Stop Loss: 1.6020
Reason(s): 1.6000 Area, Monthly & Weekly RSI pointing down
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 0.5%
Result: -50
Sunday, November 21, 2010
22/11/2010 Long USD/JPY [Cancel]
This trade is different from my previous trades where I will be taking the Monthly & Weekly RSI into consideration. I am going to test if the RSI is useful.
Trade: Long USD/JPY
Open Price: 83.74
Take Profit: 84.40
Stop Loss: 83.03
Reason(s): Daily Pinbar, Monthly & Weekly RSI pointing up, 83.50 Area.
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 1%
Trade: Long USD/JPY
Open Price: 83.74
Take Profit: 84.40
Stop Loss: 83.03
Reason(s): Daily Pinbar, Monthly & Weekly RSI pointing up, 83.50 Area.
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 1%
Thursday, November 18, 2010
18/11/2010 Long NZD/USD [Close]
Trade: Long NZD/USD
Open Price: 0.7736
Stop Loss: 0.7621
Reason(s): Daily Pinbar, Uptrend, 0.7650 Area
Risking: < 1%
Result: BE
Open Price: 0.7736
Stop Loss: 0.7621
Reason(s): Daily Pinbar, Uptrend, 0.7650 Area
Risking: < 1%
Result: BE
Tuesday, November 16, 2010
17/11/2010 Short GBP/CHF [Close]
Trade: Long GBP/CHF
Open Price: 1.5839
Take Profit: 1.5990
Stop Loss: 1.5710
Reason(s): Daily Pinbar, Price went through 1.5800
Caution: Weekly trendline, Weekly downtrend?
Risking: < 1%
Result: +129
Open Price: 1.5839
Take Profit: 1.5990
Stop Loss: 1.5710
Reason(s): Daily Pinbar, Price went through 1.5800
Caution: Weekly trendline, Weekly downtrend?
Risking: < 1%
Result: +129
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