Tuesday 13 March 2012

Trades for Tuesday: +371

The Range, Pivot, and CCI setup worked well today. I made five trades today, all successful (I have one trade still in motion, but expect it to close anytime soon).

GOLD (BUY) at 1690.41 | Stoploss: 1682.50 | TakeProfit: 1693.40 | Exited: 1691.33 | Profit: +92
 - the profit, if I waited for the takeprofit, would have been +299


EUR/USD (BUY) at 1.30676 | Stoploss: 1.30470 | TakeProfit: 1.30780 | Exited: 1.30743 | Profit: +67
 - the profit, if I waited for the takeprofit, would have been +104


USD/CHF (SELL) at 0.92233 | Stoploss: 0.92490 | TakeProfit: 0.92180 | Exited: 0.92180 | Profit: +27
 - this trade I didn't want to enter, given that I was already in two other experimental trades, so I made this a
    paper trade instead
 - I did not exit early on this, and waited until the takeprofit was reached 


GBP/USD (SELL) at 1.57351 | Stoploss: 1.57500 | TakeProfit: 1.57210 | Exited: 1.57272 | Profit: +79
 - made trade according to higher range, price hovering around DR2 price pivot (1.57350), and CCI crossed
   100
 - exited early because price was bouncing within the extreme high and just above 23.6 Fibo Line

GBP/JPY (SELL) at 130.074 | Stoploss: 130.235 | TakeProfit: 129.880 | Exited: 130.054 | Profit: +20
 - made trade according to higher range, price hovering around mR3 price pivot (130.13), and CCI crossed
   100
 - exited early because price was bouncing within the extreme high and just above 23.6 Fibo Line 

Open Trades: 
GBP/JPY (SELL) at 130.256 | Stoploss: 130.400 | TakeProfit: 129.950   

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Updated:

 GBP/JPY (SELL) at 130.256 | Stoploss: 130.400 | TakeProfit: 130.170 | Exited: 130.170 | Profit: +86
 - changed the TakeProfit to a lower value (130.170) because I saw the price moving a little more higher every
    15 minutes; chose 130.170 because it was just above a possible minor support level