Wednesday, December 18, 2013

18.12.2013 - Trade: USDSGD D1 Pin Bar - Trading With Price Action

Pair: USDSGD
Timeframe: D1 (5 candle - New York close)
Indicators: 8 EMA21 EMA
Trend: bear
Entry1: sell limit order on 50% retracement after the close of the pin bar or sell stop below the low of the pin bar
Exit: key levels
R/R: (1:3 minimum)
Outcome: ??????

USDSGD D1 Pin Bar  -  Trading With Price Action
USDSGD D1 Pin Bar  -  Trading With Price Action

Thursday, December 5, 2013

05.12.2013 - Trade: EURUSD D1 Pin Bar + Inside bar - Trading With Price Action

Pair: EURUSD
Timeframe: D1 (5 candle - New York close)
Indicators: 21EMA, 8EMA 
Trend: bullish
Entry1: pending buy limit order on 50% retracement after the close of the pin bar
Entry2: pending buy stop order above of the high of the pin bar
Entry3: waiting for price action signal after retracement
Exit: key levels
R/R: 1:4, 1:3, (1:2 ??)


EURUSD D1 Pin Bar + Inside bar
EURUSD D1 Pin Bar + Inside bar 

Monday, December 2, 2013

02.12.2013 - Trade: EURUSD H4 Pin Bar - Trading With Price Action

Pair: EURUSD
Timeframe: H4 (5 candle - New York close)
Indicators: -- 
Trend: bullish
Entry1: pending buy limit order on 50% retracement after the close of the pin bar
Entry2: pending buy stop order above of the high of the pin bar
Exit: key levels
R/R: 2x(1:2 minimum)
Outcome: ??????

Pin bar price action buy limit and buy stop pending order on EURUSD H4
Pin bar price action buy limit and buy stop pending order on EURUSD H4

Tuesday, November 26, 2013

26.11.2013 - Trade: USDCHF H4 Pin Bar - Trading With Price Action

Pair: USDCHF
Timeframe: H4 (5 candle - New York close)
Indicators: -- 
Trend: bearish
Entry1: pending sell limit order on 50% retracement after the close of the pin bar
Entry2: pending sell stop order below of the low of the pin bar
Exit: key levels
R/R: 2x(1:2 minimum)
Outcome: ??????
Pin bar price action sell limit and sell stop pending order on USDCHF H4
Pin bar price action sell limit and sell stop pending order on USDCHF H4

Monday, November 18, 2013

18.11.2013 - Trade: EURCAD D1 Pin Bar - Trading With Price Action

Pair: EURCAD
Timeframe: D1 (5 candle - New York close)
Indicators: 8 EMA21 EMA
Trend: bear
Entry1: sell limit order on 50% retracement after the close of the pin bar
Exit: key levels
R/R: (1:2 minimum)
Outcome: ??????

EURCAD D1 Pin Bar  -  Trading With Price Action
EURCAD D1 Pin Bar  -  Trading With Price Action

Monday, November 11, 2013

11.11.2013 - Trade: NZDJPY MN W1 D1 Pin Bar - Trading With Price Action

Pair: NZDJPY
Timeframe: MN, W1, D1 (5 candle - New York close)
Indicators: 8 EMA21 EMA
Trend: range bound
Entry1: sell limit order on 50% retracement after the close of the pin bar MN, W1, D1 has formed
Entry2: sell stop order below of the low of the pin bar
Exit: key levels
R/R: (1:3 minimum)
Outcome: ??????


NZDJPY MN W1 D1 Pin Bar  -  Trading With Price Action
NZDJPY MN W1 D1 Pin Bar  -  Trading With Price Action

Monday, November 4, 2013

04.11.2013 - Trade: USDCHF H4 Pin Bar - Trading With Price Action

Pair: USDCHF
Timeframe: H4 (5 candle - New York close)
Indicators: 8 EMA21 EMA
Trend: bearish, after huge retracement
Entry1: pending sell limit order on 50% retracement after the close of the pin bar
Entry1: pending sell stop order below of the low of the pin bar
Exit: key levels
R/R: 2x(1:2 minimum)
Outcome: ??????


Pin bar price action sell limit and sell stop pending order on USDCHF H4
Pin bar price action sell limit and sell stop pending order on USDCHF H4

Saturday, November 2, 2013

Books that inspired me the most

Today, I wanted to share a few of my favourite books that have recently inspired me and completely transformed the way I think about trading, wealth and prosperity. I couldn’t pick just one of them, because each book has the power to “twist your mind” and shake your current beliefs. 

I truly believe that everybody needs a paradigm shift first, to become a confident and successful trader. This is the most vital step to start create your own mental path to wealth and prosperity. I’ve found something interesting in these books, … the mentioned path cannot be walked through with quick  and giant steps but only with consistent baby steps with proper relaxed mindset. 

Consistency and habits are the result of developing certain behaviors in ones personality. The more you practice these behaviors, the more consistent you become in adopting them and making them a permanent part of your life and trading career.

“We are what we repeatedly do. Excellence then, is not an act, but a habit.” - Aristotel


Jack D. Schwager:
The New Market Wizards
In The New Market Wizards, successful traders relate the financial strategies that have rocketed them to success. Asking questions that readers with an interest or involvement in the financial markets would love to pose to the financial superstars, Jack D. Schwager encourages these financial wizards to share their insights. Entertaining, informative, and invaluable, The New Market Wizards is destined to become another Schwager classic. >>  BUY IT NOW! > The New Market Wizards: Conversations with America's Top Traders

Nicolas Darvas:
How I Made 2,000,000 in the Stock Market
Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron's Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique "Box System", which he used to buy and sell stocks. Darvas' book remains a classic stock market text to this day. >>  BUY IT NOW! > How I Made $2,000,000 in the Stock Market: Now Revised & Updated for the 21st Century

Napoleon Hill:
Think And Grow Rich
This book has been called the "Granddaddy of All Motivational Literature." It was the first book to boldly ask, "What makes a winner?" The man who asked and listened for the answer, Napoleon Hill, is now counted in the top ranks of the world's winners himself.
The most famous of all teachers of success spent "a fortune and the better part of a lifetime of effort" to produce the "Law of Success" philosophy that forms the basis of his books and that is so powerfully summarized in this one. >>  BUY IT NOW! > Think and Grow Rich!: The Original Version, Restored and Revised™

Napoleon Hill:
Outwitting The Devil
Using his legendary ability to get to the root of human potential, Napoleon Hill digs deep to reveal how fear, procrastination, anger, and jealousy prevent us from realizing our personal goals. This long-suppressed parable, once considered too controversial to publish, was written by Hill in 1938 following the publication of his classic bestseller, Think and Grow RichAnnotated and edited for a contemporary audience by Rich Dad, Poor Dad, Three Feet from Gold co-author Sharon Lechter, this book is profound, powerful, resonant, and rich with insight. >>  BUY IT NOW! > Outwitting the Devil: The Secret to Freedom and Success   [OUTWITTING THE DEVIL 5D] [Compact Disc]
Maximum Achievemnt:
Brian Tracy
The step-by-step blueprint for success and achievement presented in these pages includes proven principles drawn from psychology, religion, philosophy, business, economics, politics, history, and metaphysics. These ideas are combined in a fast-moving, informative series of steps that will lead you to greater success than you ever imagined possible -- they can raise your self-esteem, improve personal performance, and give you complete control over every aspect of your personal and professional life. >>  BUY IT NOW! > Maximum Achievement: Strategies and Skills That Will Unlock Your Hidden Powers to Succeed


Thursday, October 31, 2013

31.10.2013 - Report October - Trading With Price Action

Report in (Risk) units for October 2013:


Won units:  17.27
Lost units: -09.01
--------------------
      Total:  08.26

Report - October 2013
Report - October 2013

31.10.2013 - Trade: NZDUSD D1 Pin Bar - Trading With Price Action

Pair: NZDUSD
Timeframe: D1 (5 candle - New York close)
Indicators: 8 EMA21 EMA
Trend: bull continuation
Entry: pending buy limit order on 50% retracement after the close of pin bar
Exit: key levels
R/R: 1:2 minimum
Outcome: ??????

Pin bar price action buy limit entry after retracement on NZDUSD
Pin bar price action buy limit entry after retracement on NZDUSD

Tuesday, October 29, 2013

29.10.2013 - Trade: USDCAD D1 Inside bar + Pin Bar - Trading With Price Action

Pair: USDCAD
Timeframe: D1 (5 candle - New York close)
Indicators: 8 EMA21 EMA
Trend: bull continuation
Entry: pending buy limit order on 50% retracement after the close of pin bar (inside bar)
Exit: key level
R/R: 1:2 minimum
Outcome: ??????

Inside bar + pin bar trade USDCAD D1
Inside bar + pin bar 

Thursday, October 24, 2013

24.10.2013 - Trade: NZDUSD 4H Pin Bar - Trading With Price Action

Pair: NZDUSD
Timeframe: H4 (5 candle - New York close)
Indicators: 8 EMA21 EMA
Trend: bear continuation
Entry: pending sell limit order on 50% retracement after the close of pin bar
Exit: key level
R/R: 1:3
Outcome: WINNER


Tuesday, October 22, 2013

22.10.2013 - USDCHF D1

Pair: USDCHF
Timeframe: D1 (5 candle - New York close)
Indicators: 8 EMA21 EMA
Trend: bear continuation
Entry: pending sell limit order on 50% retracement after the close of pin bar
Exit: previous swing low
R/R: 1:3
Outcome: WINNER





Wednesday, October 16, 2013

16.10.2013 - USDCHF D1

Pair: USDCHF
Timeframe: D1 (5 candle - New York close)
Indicators: 8 EMA21 EMA
Trend: bear
Entry: pending sell limit order on 50% retracement after the close of pin bar
Exit: latest swing low
R/R: 1:2,5
Outcome: ????



Thursday, September 19, 2013

USDCHF D1

Pair: USDCHF
Timeframe: D1 (5 candle - New York close)
Indicators: 8 EMA, 21 EMA
Trend: consolidation
Entry: after the close of the railroad tracks pattern*'s second candle took SHORT position (have to wait the close of that candle!)
Exit: latest swing low
R/R: 1:2,5
Outcome: WINNER

*Railroad tracks pattern: price broke through the long term resistance and fall back below that trend line