MY FOREX JOURNAL AND TECHNICAL ANALYSIS

2011-12-29T18:35:00.002+08:00

OP: Short
Reason: Slow momentum upward. Candlesticks bullish look weak. Price then able to break support line.
SL: Initially @1.5448 then manage to lock profit just above 2nd pullback TF1min.
TP: Look at price action exit signal or set @1.5330

2011-12-28T14:46:00.001+08:00

OP:Short
Reason:Price fail to continue higher and stuck at resistance line. Price then able to break support line.
SL:Above resistance line@1.5673
TP:Next support@1.5588

2011-12-27T20:54:00.003+08:00

OP: Short
Reason:Price fail to continue high & strong bearish candle
SL:1.5657
TP: Next area support@1.56100

Update:
Position:Fail & hit SL
Reason & Lesson Learnt: Price fail to continue lower & fail to break support line. Candle slow at support line then reverse. Price then able to break resistance and analysis become unvalid.

How Reversal Looks Like

2011-09-22T15:54:00.003+08:00

I noticed that reversal happen if price 3X not able to spike higher high or create new higher in 3rd attempt.

My entry based on price action which is rejection at resistance level 1.5481

2011-02-04T17:59:00.000+08:00

Sell GU. Price bounced at MA Daily. TP at MA Weekly.

2011-02-03T17:43:00.002+08:00

Buy GU. 8H BB expand and LSMA pointing up. Price also bounced at 8H MA. TP wait until LSMA pointing down.

2011-02-03T12:29:00.000+08:00

Sell GU. LSMA pointing down & price able to break MA Daily.

2011-02-02T21:05:00.001+08:00

Sell GU.Price pointing down and LSMA 8H start change the red color. TP at MA Daily.

2011-02-02T16:15:00.000+08:00

Buy GU. Price still continue trending up after bouncing at 8H MA (gold).

2011-02-02T00:17:00.000+08:00

Buy GU. Price trending up; indication clearly by Daily(green) & 8H(gold) MAs.

2011-01-30T18:43:00.002+08:00

Weekend Analysis

GU as closed on 28 Jan 2011; we can see that MA Daily & Weekly were pointing down. price consolidate around Upper and Middle BB Monthly. Based on this scenario next week I will find the oppurtunity to sell GU and target at MA monthly or at Balance KG Fibo.

2011-01-05T00:36:00.001+08:00

Buy GU after price bounce at Middle BB monthly. Another reason weekly and daily MA are pointing up. TP at upper BB monthly.

2011-01-04T19:27:00.000+08:00

Sell GU price pointing down after long rally up.

2011-01-03T20:56:00.001+08:00

Buy GU based on price action. Price able to break middle BB Daily & 8H. TP at below MA monthly.

2011-01-03T20:40:00.000+08:00

Sell GU at Middle BB Daily/8H MA still pointing down. TP 10pips.

2011-01-03T20:26:00.003+08:00

BIG MAP: as above

Buy GU at lower BB Daily / Middle BB Weekly. TP at Upper BB Daily/Upper BB 8H.

2010-12-31T11:32:00.002+08:00

Sell GU at middle BB Daily. TP at lower BB Daily.

2010-12-30T20:47:00.000+08:00

Buy GU at Lower BB Daily. TP at Higher BB Daily.

2010-12-22T20:48:00.000+08:00

Buy GU. BB weekly seem start to flat.

2010-12-20T10:07:00.002+08:00

Analysis:
Daily MA pointing down.
4H, 8H MA sideway.

Decision:
Sell GU at Upper SD1 BB 4H / 8H
TP at lower BB 8H
SL at middle BB daily +10pips.

2010-12-10T19:00:00.001+08:00

Price able to break MA monthly. Buying GU after seing majority MA pointing up.

2010-12-09T22:35:00.001+08:00

I have closed previous position "buy" and now sell GU after considering price is bouncing at MA monthly. TP at lower band Weekly.

2010-12-09T18:47:00.002+08:00

I have decided to buy GU after considering several reasons:
a) MA weekly pointing up
b) Price bounced at MA 4 Monthly.

I will monitor whether MA Monthly will become a resistance or not.

2010-12-07T21:52:00.000+08:00

Bought GU. Price & majority MA pointing UP.

GU 30 NOV 2010

2010-11-30T21:34:00.002+08:00

Sold GU. Price & majority MA still pointing down.

GU 26 NOV 2010

2010-11-26T21:37:00.003+08:00

Sold GU. Majority MAs pointing down.

Update: Closed 50 pips

2010-07-16T22:11:00.003+08:00

Entry sell GU. TP at 1.5225.

Reason: Price pointing down and confirm by MACD.

2010-06-23T20:04:00.002+08:00

Entry sell GU @ 1.4922; TP @ 1.4815; SL @ 1.4955

Reason : MACD divergence & price itself pointing down.

2010-06-18T19:44:00.003+08:00

Entry 2, Sell GU @1.4805; TP @1.4745; SL @1.4748.

Reason: Price & MAs pointing down after not able to breakout Daily Open Level (Red line).

2010-06-18T19:13:00.003+08:00

Entry buy GU @ 1.4820; TP @ 1.4906; SL @ 1.4777

Reason: Small MAs and price itself pointing up. If TP not achieved try to close manually at upper band 8H (yellow) or middle band.

2010-06-16T18:24:00.001+08:00

Bought GBPUSD. All postion targets at 1.4900

GU December 3rd, 2009

2009-12-03T21:44:00.002+08:00

Sell GU. Daily MA (Lime) start pointing down.

TP at 1.6550
SL at 1.6720

GU November 30th, 2009

2009-11-30T18:09:00.002+08:00

Buy GU.
Daily MA (Lime color) pointing up.

TP at 1.6670
SL at 1.6464

GU November 19th, 2009

2009-11-19T20:57:00.003+08:00

Buy GU.

Weekly MA flat. TP at balance; SL below SD 0.5

GU November, 16th 09

2009-11-16T20:06:00.003+08:00

Sell GU, Weekly MA in consolidate. TP at 1.6600 SL 1.6763

GU November 13th, 2009

2009-11-13T20:02:00.000+08:00

Buy GU, majority MAs are pointing up. TP at 1.6733

GU October 27th, 2009

2009-10-27T20:29:00.003+08:00

Sell GU after price not able to break Weekly MA. TP at 1.6201.

2009-10-22T21:01:00.003+08:00

Sell GU after 8H MA become dynamic resistance. TP near Weekly MA and SL above upper Daily BB.

GU October 22nd, 2009

2009-10-22T19:33:00.002+08:00

15M & 30M MA (signal MAs) are pointing up.
Buy GU with TP 30 pips.

GU October 20th, 2009

2009-10-20T20:25:00.002+08:00

Daily MA and signal MA are pointing up.
Buy GU with TP at 1.6534.

GU October 19th, 2009

2009-10-19T18:00:00.002+08:00

Sold GU at higher band 8H BB. Strategy exit at Magenta or Aqua MA. Already lock profit +20pips.

2009-10-16T14:24:00.003+08:00

Signal MAs are pointing down. Sell GU with TP 40pips.

GU October 16th, 2009

2009-10-16T10:28:00.006+08:00

All MA are pointing up and trend continues up. Buy GU with TP 50pips.

GU October 15th, 2009

2009-10-15T22:38:00.003+08:00

1H to 4H MA pointing down after going up sharply this morning. Sold GU with TP 30pips.

E2 (Entry no. 2)

2009-10-09T21:35:00.002+08:00

Sold GU after price reject at yellow MA. TP 30 pips SL+1.

GU October 9th, 2009 E1 (Entry no.1)

2009-10-09T18:26:00.002+08:00

Today, my first entry. Bought GU after price reject at previous week average. TP 50pips, SL+1.

OP Sold GU October 6th, 2009

2009-10-06T18:34:00.003+08:00

Sold GU; Monthly MA pointing down. Price not able to break lower Monthly BB and reject at that point.

SL 1.6055
TP 1.5590

GU September 28th, 2009

2009-09-28T21:30:00.003+08:00

SOLD GU after price not able to break Daily MA (green) and continue pointing down. TP 70pips and already lock profit 15pips.

GU September 21st, 2009

2009-09-21T14:21:00.002+08:00

GU still continue down trend based on MAs condition (pointing down). Sell GU and TP 50pips. SL was set at +1.

GU September 18th, 2009

2009-09-18T14:10:00.004+08:00

Sell GU based on majority MAs are pointing down. SL at above day open and TP at 1.6298.

GU September 16th, 2009

2009-09-16T20:06:00.002+08:00

Daily MA in flat condition. Sell GU at upper daily band. SL above Weekly MA.

GU September 9th, 2009

2009-09-09T22:01:00.004+08:00

Price and weekly MA are pointing up. Buy GU and TP 50pips.

GU August 26th, 2009

2009-08-26T21:21:00.004+08:00

Majority MAs pointing down and price itself also has down momentum. Try to sell GU with TP 50pips and already SL +1.

Updated: TP was hitted.

GU July15th, 2009

2009-07-15T19:03:00.002+08:00

GU today, refer to tf 15min all MAs are pointing up including price itself. As such, I bought GU at 1.6374 and TP 100pips.

GU July 8th, 2009

2009-07-08T22:29:00.002+08:00

Refer to timeframe 15min, price in consolidation as indicated 8H MA. Daily MA looks like start to flat. After seeing the direction of smaller MA (15min, 30min & 1h), I decide to OP buy with TP at 1.6167 and already lock profit at +1.

GU July 6th, 2009

2009-07-06T23:43:00.004+08:00

Refer to H4 timeframe, GU in consilidation as per indicated monthly MA condition. I try to OP buy after looking at price bounce up at SD 2 monthly lower band. TP 50 pips and SL at 1.6089.

GU June 10th, 2009

2009-06-10T19:50:00.002+08:00

Majority MAs are pointing up except Weekly MA. I believe GU in up pressure then I decide to OP buy at 1.6418 with TP 1.6488 & SL 1.6286

GU June 3rd, 2009

2009-06-03T18:49:00.004+08:00

Daily MA still pointing up and price looks bounce at mid Daily Level (lime line). Signal MA (15 - 1H MA) also pointing up. As such I OP buy GU at 1.6564 and set TP at 1.6707.

Update : Cut Loss -50pips

USDCAD May 29th , 2009

2009-05-29T09:57:00.004+08:00

Today I also try to analysis UCAD pair.
At this moment, everything is pointing down on UCAD. I OP sell UCAD and TP at 1.1042 (SD-1 Weekly Level).

Update : TP was hit

GU May 29th, 2009

2009-05-29T00:41:00.005+08:00

8H & Weekly MA in flat position. Daily MA looks more to pointing down and already crossed down Daily Average line (lime). GMACD is crossing down and signal MAs (15min - 1H) also are pointing down. Based on these reasons I OP sell GU and TP at lower line weekly BB or SD2 Daily Level 1.5834. Now already lock profit at +1.

(Update): Closed +20pips.

GU May 20th, 2009

2009-05-20T18:33:00.006+08:00

I manage to update today for my trading.
GU today in ranging condition as we can see 8H MA (yellow) in flat position. Daily MA (green) pointing up sharply since last 2 days and maybe today price try to push that MA to start flat position. GMACD currently giving divergence signal and already crossed down. Based on this analysis I decided to OP Sell GU at 1.5503 and now already lock the profit +1. My target at Weekly MA.

(Update): My analysis is not as per expected and market still moving up and hit BEP +1.

GU May 14th, 2009

2009-05-14T18:33:00.004+08:00

Last 3 days I not able to update here and too busy with other works.

GU Today refer to 15min timeframe, Weekly and 8H MA in flat position however Daily MA is pointing down and currently cross down Weekly MA. Daily range now 72pips and we still have big space to entry based on daily range predict 218-230pips. As such, I try to OP sell GU at 1.5130.

(Update): Closed with +20pips.

GU May 8th, 2009

2009-05-08T08:23:00.004+08:00

GU at this moment, Daily MA looks like to start trending down and 8H MA in flat position. GMACD also giving sell signal after crossing down. Based on this analysis, I decided to OP sell GU. I set my TP at 1.4900.

(Update): Price again my position and hit BEP +1.

2nd Entry on May 7th

2009-05-07T23:13:00.006+08:00

After looking at 4H & 8H MA crossing down Daily MA and also small MA (15min & 1H) pointing down, I have decided to sell GU for second entry today.

(Update): Closed all position with total about +80pips.

GU May 7th, 2009

2009-05-07T19:52:00.003+08:00

I bought GU at lower band daily BB (lime). Try to set TP at middle band 8H BB. We'll see what happen next..

(Updated): Price not able to break middle Daily BB. Manually closed +28pips.

GU May 6th, 2009

2009-05-06T22:04:00.004+08:00

Today we can see that GU in consolidation phase after trending up last few days. Daily BB (lime) in flat condition and 15min - 4H MAs currently pointing down. Based on these conditions I sold GU at 1.5052.

(Updated): Closed with +30pips

GU May 5th

2009-05-05T19:12:00.004+08:00

Based on my analysis, GU still in uptrend. All MAs were pointing up. As such, I open buy GU today at 1.5091.

(Updated): Manually closed +57pips

GU May, 4

2009-05-04T14:45:00.004+08:00

After closing all position last Friday, today I bought GU again at lower band 8H BB (yellow). We can see that majority MA still pointing up.

Current Daily Range is 60 pips and we still have enough space to OP buy based on range calculator indicator which predicted Average Range for today is about 186pips. Already BEP+1 both my position.

(Updated) : Closed all position with +21pips. 1 hit BEP+1 and 1 closed manually +20pips.

Updated GU on Last Friday May,1

2009-05-04T11:51:00.007+08:00

Last Friday, I was open 2 position buy however I did not have enough time to update here because I went back to my hometown for labor day leave. At this moment, I still hold those positions.

(Updated) Closed all position with total +290pips. Now, Looking for another opportunity.

GU April, 30

2009-04-30T11:14:00.006+08:00

Refer to timeframe 1H, GMACD just to cross up and also Daily MA already crossed up Monthly MA. 1H, 4H & 8H were pointing up and we can see that Weekly BB (Magenta) looks like to start trending up after in consolidation phase last 3-4days.

Based on these conditions, I decided to open 4 position buy today. We'll see next..

(Updated) : Closed all position with total about +400pips

GU April, 29

2009-04-29T23:54:00.006+08:00

Today I open 4 position buy GU after seeing Daily MA start pointing up and price also break Weekly BB SD 1. For my long term analysis GU will move up.

(Updated): Closed all position with total about +500pips.

GU April, 28

2009-04-28T20:28:00.005+08:00

Refer to timeframe 5min, 4H MA just to cross up 8H MA and GMACD also giving the buy signal after crossing up. Based on this condition I open buy position at 1.4595 and now already BEP +1. I try to put TP at 1.4674.

We'll see next.

(Updated):Hit TP +79 pips

Closed position as of April, 27

2009-04-27T23:28:00.004+08:00

(Updated): Closed the position with +70pips after GMACD crossed down. I will continue my trading tomorrow.

GU April, 27

2009-04-27T20:37:00.003+08:00

Today I try to open position buy at 1.4574 after looking at price bounce at 8H MA and also at lower band daily BB. Now already BEP +1.

2009-04-24T22:07:00.007+08:00

After seeing price bounce at lower band Daily BB, I open 4 position buy today. GMACD also giving me a signal after crossing up sharply.

(Updated) Closed all positions with total about +400pips

2009-04-24T00:36:00.005+08:00

After looking at GMACD just start to cross down and price difficult to breakout Monthly & Weekly MAs, I try to sell GU at 1.4631. I just put TP 20pips because I believe price will start to trending up based on condition 4H, 8H & Daily MAs. For this entry, I try to get some pips from retracement.

(Updated): Price broke those MAs and I closed manually -10pips.

2009-04-23T18:06:00.005+08:00

We can see that Daily MA in flat condition. I try to sell GU at higher band Daily BB (1.4553) and put TP nearest 8H MA.

(Updated): Hit my TP +30pips

2009-04-22T18:43:00.004+08:00

In case if price move against my position, I take safety consideration with lock my profit at +1.

(Updated): Price really against my position and I only able to close manually +10pips.

2009-04-22T18:20:00.003+08:00

After looking at signal MAs (15min - 1h) were pointing up and GMACD was cross up, I have decided to open buy GU at 1.4576. We also can see, Daily MA (Lime) in flat condition. I try to put my TP nearest Weekly MA. If price not able to touch it, I will move my TP at higher band Daily BB.

GMACD giving divergence signal

2009-04-22T00:44:00.004+08:00

As we can see, GMACD also give the divergence signal today. Now almost +150pips and I just let the profit run after locking the profit.

(Updated): Manually closed +100pips after seeing GMACD 1h start to cross down.

2009-04-21T22:55:00.002+08:00

I have moved lock profit to +30pips now.

2009-04-21T18:13:00.004+08:00

At this moment, we can see that Daily MA (lime) start to flat after pointing down sharply last 3 days and it BB also in compress condition. After looking at 8H MA (yellow) was cross up Daily MA, I have decided to buy GU at 1.4547 and now already lock my profit at +1.

Try to get some pips from retracement

2009-04-20T18:14:00.006+08:00

Today I do not have opportunity to open position sell from trending down GU because I just open my PC right now after back from other work. However I try to open position buy at 1.4544 to get some pips from retracement. My TP at 1.4590.

(Updated) My TP doesn't hit. Closed manually +20pips

2009-04-17T20:23:00.007+08:00

Refer to 1h chart, GMACD just to cross up and price almost touch lower band Weekly BB. Long term trend still bullish as we can see Monthly and Weekly MA still ponting up (arrow at right-up chart).

Refer to 5min chart, GMACD also cross up and small MAs (15min, 30min, 1h ) were pointing up.

Based on this analysis, I have decided to open buy GU at 1.4783 & 1.4796.

(Updated): Hit TS / Lock Profit +1 pip for both positions.

2009-04-16T19:53:00.004+08:00

I already lock my profit now. Let see whether my TP at 1.4950 can achieve or not.

(Updated): Manually closed +68pips & +57pips.

2009-04-16T19:28:00.003+08:00

GU refer to 5min tf, signal MAs (15min & 30min) were pointing up. GMACD just cross up. After consider these condition I have decided to buy GU at 1.4849 & 1.4860. As we can see, GU already drop about 200pips and I believe at this moment a good chance to take some profit by OP buy for GU.

Updated GU at 10.14pm

2009-04-15T22:13:00.003+08:00

Now almost hit my TP and I already switch on lock profit EA to secure my position.

(Updated) Closed with +50pips

GU 8.48pm GMT+8

2009-04-15T20:50:00.002+08:00

GMACD just cross up and we can see 15min & 30min MAs were pointing up. I bought GU at lower band 4H BB (Blue dot line) at 1.4935 and 1.4937. My TP at upper band 4H BB at 1.4990. This time I refer to 5min timeframe of GU.

2009-04-15T18:38:00.004+08:00

(Updated)Already closed my positions after price have achieved SD+3 Daily Level. Closed with +117pips & +120pips. Waiting next oppurtunity now.

2009-04-15T18:15:00.004+08:00

I believe GU still in uptrend pressure. Today I have open 2 position buy at 1.4902 and 1.4906 after looking at price bounce back at upper band Weekly BB (magenta dot line). All Signal MAs were pointing up and I already lock my profit +30pips now.

2009-04-14T19:08:00.005+08:00

Today I have bought GU at 1.4865 after looking at GMACD was cross up and all MAs (15min - Monthly MA) were pointing up. I was set my TP at 1.5165.

(Updated): Manually closed +40pips

2009-04-13T23:41:00.005+08:00

GU now at 11.40 pm GMT+8. Almost 200 pips now.

(Updated): Closed +190 pips.

GU 13th April 09

2009-04-13T21:54:00.002+08:00

I have bought GU at 1.4650 and already lock my profit now. I enter position when GU start to trending up after consolidation phase last week. If we see 4H & 8H MA start to trending up follow by Daily MA (Lime). I try to hold this position and will see what happen tomorrow.

GU 10th April 09, 8.00pm GMT+8

2009-04-10T20:01:00.004+08:00

At this moment GU still in consolidation phase. However I have decided to buy GU at 1.4638 after looking at GMACD cross up and signal MAs were pointing up. If we see at Weekly MA (magenta) still in flat and is a good idea to buy at lower band weekly BB.

Volume too small because of Bank in UK holiday for whole day. As such, I decide to close my position -10pips and stop trading. I will continue my trading next week.

GU updated 9.10pm

2009-04-09T21:08:00.003+08:00

GU at 9.10pm my local time, +60pips now and already switch on my lock profit.

(Updated): Manually closed +50pips after looking GU still in consolidation phase. I will continue my trading tomorrow.

GU 9th April 09, 4.30pm GMT+8

2009-04-09T16:36:00.003+08:00

GU today refer to H4 time frame, Guppy MACD just to cross up. Monthly MA (Dodger Blue) look like start to trending up. Price currently at lower band Weekly BB (Magenta dot line).

If we zoom in GU in 15min time frame, price at lower band Daily BB (Lime dot line). After consider these reasons, I have decided to buy GU at 1.4662.

GU Updated at 9.05pm.

2009-04-08T21:30:00.007+08:00

Now I open 2nd position sell GU at 1.4726 and already lock my profit +1. I still not close yet my 1st position. My 1st position is not good because I guest it bounce at 8H MA (yellow) however price break that MA and move up until reach upper Daily Band (green dot). If Daily MA (green) start to trending up I must cut loss my 1st position without hesitation :(

(Updated): Finally I able to close my 1st position +5 pips and 2nd position +60pips. I stop trading today and will continue tomorrow.

GU 8th April 09, 7.45pm GMT+8

2009-04-08T19:46:00.004+08:00

I sell GU at 1.4664 however price against me right now -28pips. Currently price in range Daily BB and Daily MA (Lime) in side way condition. My cut loss point at 1.4786. I'm waiting now the direction of price.

GU 7th April 09 6pm Local Time

2009-04-07T18:15:00.006+08:00

I buy GU at 1.4619 after see GMACD 5min just to cross up. Weekly MA (Magenta) also there as dynamic support. If price move until 1.4546 at SD2 Daily Level, I will cut loss this position.

(Updated) Manually closed at 8.17pm +20pips

Updated GU at 8.30pm

2009-04-06T20:34:00.006+08:00

Price against me about 50pips before down just now. Already lock my profit +20pips. Just wait and see next.

(Updated) Manually closed +70pips.