My analysis was spot on today. There was a nice signal after a breakout of a range in the EUR/JPY, in which I have moved my stop-loss to 15 pips positive and am holding on to.
There was also a very nice entry on the EUR/USD(a perfect touch of the hourly 55 EMA), where my buy order was triggered. That trade went about 70 pips my way before reversing and stopping me out, again with 15 pips profit.
There was also continuing GBP weakness hinted from the EUR/GBP chart, so I decided to be a little adventurous and place a short GBP/JPY at the hourly 200 EMA. When price did reach there, all of the Yen pairs seemed to be weakening and I decided to delete the entry order before it was filled. Turns out, the trade went exactly as I had planned it. Price hit the 200 EMA on the hourly, wicked around a little - in which I would have been safe - and then fell 120 pips!
I also took a paper trade in the GBP/CHF - although I wish I had actually taken it. On the 4 hour level, it was a perfect hit of the 21 EMA, and a retest of the broken trendline from yesterdays trade. on the 15 minute chart, price fell after touching the trendline, rose a little to a level of 38.2 fib, which coincided with all of the 15 minute EMAs, then fell 150 pips without looking back! I unfortunately did not consult my indicators - there was a perfect MACD crossover.
It feels good to have been 100% right, but I wish my account balance would have been 300 $ more!
End result: Actual earned: 85 pips, could have earned 350 pips.
There was also continuing GBP weakness hinted from the EUR/GBP chart, so I decided to be a little adventurous and place a short GBP/JPY at the hourly 200 EMA. When price did reach there, all of the Yen pairs seemed to be weakening and I decided to delete the entry order before it was filled. Turns out, the trade went exactly as I had planned it. Price hit the 200 EMA on the hourly, wicked around a little - in which I would have been safe - and then fell 120 pips!
I also took a paper trade in the GBP/CHF - although I wish I had actually taken it. On the 4 hour level, it was a perfect hit of the 21 EMA, and a retest of the broken trendline from yesterdays trade. on the 15 minute chart, price fell after touching the trendline, rose a little to a level of 38.2 fib, which coincided with all of the 15 minute EMAs, then fell 150 pips without looking back! I unfortunately did not consult my indicators - there was a perfect MACD crossover.
It feels good to have been 100% right, but I wish my account balance would have been 300 $ more!
End result: Actual earned: 85 pips, could have earned 350 pips.
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