I'm Into Profit...

Hi guys,
My yesterday entered trade in GBP/JPY has shown me what we all want, PROFIT. Currently sitting at 400-ish pips. Since this is my only money left, I have a bit regret because my chance of taking profit has passed. What I'm thinking is to take profit and entered again with bigger lot size using this current profit(but something is not right here, because there is no possible nice entry). Maybe my gut-feeling stops this profit taking idea. Well since it's not gonna happen again now, I've moved my stop loss to a reasonable level.

Missed profit taking level = 206.00 - same level with major past low, I would take profit when price reach 206.10 to cover for spread. It did clearly show support in the chart. Stop-loss moved to 208.70 Next profit target = Next consolidation area with continuous entries.

Read More and Photos After The Jump...

Long Awaited GBP/JPY

After series of losses I finally straighten my mind. Last night I've been waiting for my sell-stop in EUR/AUD to be initiated by my broker. My order was almost triggered but price quickly surf up again. So I went to sleep thinking that price won't be going my way after all.

This morning, a long awaited support trend line in GBP/JPY has been breached and I'm thinking of going short in GBP/JPY. But not even 5 minutes before that exact decision been made, my EUR/AUD order was triggered. Another act of banging my head on the wall, Oh! My! God!. With my current account balance I don't think my margin would be enough to trade in any other pair.

Well, I lose -80 pips in this EUR/AUD this evening and price plays near my stop-loss after I manually close that losing position.

GBP/JPY,

As correlation I also watch GBP/CHF and GBP/CAD. GBP/USD is in bullish sentiment and I believe it will clog my perspectives so I left it behind. These 3 currency pair that I'm watching is showing a great weaknesses since a few month before. Well I missed a very huge "happyness" back then. Since Christmas...

I've entered short right after i close my EUR/AUD positions. I was thinking on closing it earlier but well, my greed gets me better. GJ also gave me a very huge headache when the price surf back up and leaving a dragonfly hammer in 4h chart. But... I won. Read More and Photos After The Jump...

EUR/AUD Perhaps a Triangle Breakout

Today, I was looking at EUR/AUD. What I like about this currency pair is AUD is actually getting strength across the chart, by price correlation, EUR/AUD might be getting weak.

Secondly, I found that it is showing a triangle pattern and I'm waiting for it to go down-south before entering any trade in this currency pair. But then I've seen a low bar which is significantly to my eyes at that time to be a support level. I've placed my stop order below the line at 1.5985 and I'm waiting for it to be triggered.

Read More and Photos After The Jump...