1st Week July 2012 AUD/USD & NZD/USD Weekly Bearish Pinbar

The weekly pinbar on the AUD/USD and NZD/USD weekly chart seems to be at a good area but not too perfect. When zoomed into the daily chart, price has yet to break the shorter term ascending trendline. Will it break the trendline next week? Will it be a fail bearish pinbar? I still have a touch trade to go long on the NZD/USD going on. Might close that trade and take a short trade on the AUD/USD or NZD/USD. We'll see.

 

4th July 2012 US Bank Holiday

Since today is the US Bank Holiday, I'll not be taking any trades just to be safe.

Wanted to take a long trade on the AUD/USD based on the weekly BEOB but did not.

Daily Chart:

Weekly Chart:

08/03/2012 Long AUD/USD [Close]

This trade is based on the overall trend of the daily and weekly. The daily pinbar is also looking nice but I do not like the daily trendline above and also the big red bar prior to the pinbar.

Trade: Long AUD/USD
Open Price:1.0599 + 4 spread
Stop Loss: 1.0490
Reason(s): Daily pinbar, daily and weekly trend seems to be up.
Caution: Does not like the daily trendline. Trade may touch the trendline and move back down.
Risking: 0.8% of my account balance

Moved stop loss to breakeven +8.

Got stop at BE +8.

 Looks like it really did move down after touching the trendline. 1.0650 area seems to be an important area too.

27/10/2010 Long AUD/USD [Cancel]

Trade: Long AUD/USD
Open Price: 0.9871
Stop Loss: 0.9804
Reason(s): Daily Uptrend, 4 Hour Pinbar
Caution: AUD CPI new coming up.
Risking: < 1%

17/08/2010 Long AUD/USD [Update] [Close]

Trade: Long AUD/USD
Open Price: 0.9005
Stop Loss: 0.8849
 














Moved Stop Loss to Break Even.
 













 














Result: Break Even

16/08/2010 Long AUD/USD [Close]

Trade: Long AUD/USD
Open Price:  0.8926
Stop Loss: 0.8890
 

Result: -36
Comment: Seems like it still wants to go down.. or stop loss is just too tight?

26/07/2010 Long AUD/USD [Update] [Close]

Trade: Long AUD/USD
Open Price:  0.8981
Stop Loss: 0.8855

Moved SL to 0.8980.





























Result: Break Even

19/07/2010 Short AUD/USD [Close]

Trade: Short AUD/USD
Open Price:  0.8670
Stop Loss: 0.8882

Result : -212
Comment: Looks like I'm having a bad week..

05/07/2010 Short AUD/USD [Close]

This may be a risky trade since there is a pin bar before todays candle.

Trade: Short AUD/USD
Open Price:  0.8392
Take Profit: 0.8216 (Not set)
Stop Loss: 0.8560

Result: -168

22/06/2010 Short AUD/USD [Close]

Trade: Short AUD/USD
Open Price:  0.8742
Take Profit: 0.8550
Stop Loss: 0.8870





























Result: +192

01/12/2010 Short AUD/USD Trade [Close]

Trade: Short AUD/USD
Open Price: 0.9264
Take Profit: 0.9071
Stop Loss: 0.9336
Thoughts: Is this the Evening Star candlestick? More Info

Result: +193

04/12/2009 Short AUD/USD Trade [Close]

Trade: Short AUD/USD
Open Price: 0.9222
Take Profit: 0.9010
Stop Loss: 0.9333


Result: +133
08/12/09 comment: Feels like its still in the uptrend from the weekly timeframe.

23/11/2009 Long AUD/USD Trade [Close]

Trade: Short AUD/USD
Open Price: 0.9224
Take Profit:0.9380
Stop Loss: 0.9050


Result: -174

12/11/2009 Short AUD/USD Trade [Close]

Trade: Short AUD/USD
Open Price: 0.9271
Take Profit: 0.9095
Stop Loss: 0.9354


Result: -83