InformedTrades
Register as a Member
    Why join? See our testimonials.

Register Front Page See Today's Posts Site
Map
Free Trading
Courses
Shop
Old

Clear Swing Trade Setup on USDCHF

Posted Yesterday at 09:16 AM by Simit Patel (Diary of a Central Banker)
Tags usdchf

I like these kind of setups very much: clear downtrend, confluence of support, key moving average level, at a Fibonacci retracement level, with confirming candlesticks. I'm not in this trade because I'm at max risk capacity already, but I'd be short at 8840, stop at 8872, target profit at 8697. This would setup a reward/risk ratio of over 4:1.

Simit Patel's Avatar
Senior Member
Posted in Uncategorized
Views 53 Comments 0 Simit Patel is online now
Old

Fibonacci, Moving Average, and Support Confluence on CADCHF

Posted 04-16-2014 at 08:07 AM by Simit Patel (Diary of a Central Banker)
Tags cadchf

We're seeing confluence of a 50% Fibonacci retracement level, a 50 simple moving average, and a support level on CADCHF. Three signs gives me the confidence I need to put on a trade, so I'm going long CADCHF. The chart below illustrates my entry, stop, and target profit. The dashed orange line represents at what level I will move my stop to breakeven.

Simit Patel's Avatar
Senior Member
Posted in Uncategorized
Views 83 Comments 0 Simit Patel is online now
Old

Trade Recap: Down 1.71% in March; -2.05% YTD

Posted 04-14-2014 at 04:01 PM by Simit Patel (Diary of a Central Banker)
Tags trade log

March was a bit of a rough month of trading for me; I placed 10 trades, had 8 losses, and 2 breakevens.


Overall, this left me down 1.71% in March.


Factoring in a few extra losses I've had in April thus far, and I'm down -2.05% year to date. I think that's manageable, though obviously...
Simit Patel's Avatar
Senior Member
Posted in Uncategorized
Views 78 Comments 0 Simit Patel is online now
Old

More Long JPY Positions! This Time, Long USDJPY

Posted 04-10-2014 at 08:19 AM by Simit Patel (Diary of a Central Banker)
Tags usdjpy

My order yesterday to go long EURJPY hasn't gotten filled yet, but I'm seeing another good opportunity on USDJPY. Building a position to ride a big trend in JPY is something I'm very interested in, and so I'm happy to take long USDJPY setups as they appear. The chart below illustrates the order I just put on.


If we do reach my profit target above 105, I'll probably only take half off, and leave...
Simit Patel's Avatar
Senior Member
Posted in Uncategorized
Views 183 Comments 2 Simit Patel is online now
Old

Over 9:1 Reward/Risk on GBPNZD

Posted 04-09-2014 at 09:09 AM by Simit Patel (Diary of a Central Banker)
Tags gbpnzd

Going long this pair at 1.9230, stop at 1.9130, target profit of 2.0240. Long wick candles and a recent pattern of lower highs in formation leave me sufficiently bullish; the high reward/risk gets me interested in putting on a trade.

Simit Patel's Avatar
Senior Member
Posted in Uncategorized
Views 160 Comments 1 Simit Patel is online now

All times are GMT -5. The time now is 02:33 PM.


Creative Commons License

InformedTrades is dedicated to empowering traders with knowledge. Learn more about our mission statement, and our charity endeavors.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.2
vBulletin Optimisation by vB Optimise (Reduced on this page: MySQL 7.89%).
vBCommerce I v2.0.0 Gold ©2010, PixelFX Studios
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios