Trades
My two great today’s trades
If You fallow my blog, You can see some of my trades. You probably also see that everyone is winning, i have losses and b/e also but i wanna show good entries first. I wanna trade with 3:1 RR ratio. So today i took 2 short on EUR/USD and GBP/USD and split my size of trade on both. And close it after +300 pips. I used 50 pips SL on both so it’s 100 pips all. I’m using fibs +elliot wave teory to count the waves. Ok let’s see the example. First is the EUR/USD on 1h chart. I prepared for this trade for more than 2 days the same with GBP/USD. I soon published some more about Elliot Wave Teory. And also i’m planing give free forex signals to trade.
GBP/JPY breakout 16th april
Today there was one breakout trade with simple technic of GBP/JPY breakout trading i took short on 145.25 on closed m15 candle. I put market order with 50 pips SL and 50 pips take profit. Trere is nice idea to get out with this tool when the blue line cross over the price You can get out. I had to go so i put simply Take Profit and Stop and went out. See chart below nice and easy 50 pips profit.
My yestarday long on EUR/USD
Yesteraday i took long on eur/usd with 30 pips SL and 46 pips profit my TP was preaty fast hit so great trade for me with TP/SL ratio more than 1.5 times. Look below on m15 chart.
As You can see on the chart i took long on 50% fib retracement and i put TP on 50% of pullback usually 38.2% should work better and give You more pips but i wanna be save.
Long on the GBP/USD
I put limit buy order on 38.2% of move as You should know it’s fibonacci numeber . IF You follow my blog You should know that i trade with 30 pips SL. So lets analysis this trade. Trend on 4h it’s strong up. See chart below.
So You see nice spike up and then pound is pulling back to 50% or 38.2%. Putting limit buy order on 50% or 38.2% is not that smart becouse it’s preaty big move and You have to use large SL that i’m not interested in. So when i see move around 100 pips than i weited for pullback down and get in on 38.2% of 100 pips move. chart below.
My order had been activated at first circle and at second i manualy got out. So i took 40 pips profit
Sell limit order on GBP/USD
I put sell limit order on GBP/USD on 50% fibs with 30 pips SL and i took 50 pips profit on this trade. I put this limit order becouse pound made a new lower low so first conformation of a new trend or depper pullback. I also mark on the chart below whrere You can search for potencial buy area on fibs extansion witch is also fib cluster zone. I insert into the post hourly chart so You can see more . When You don’t have new lower low i remended to trade on 38.2% or 23.6 %.
Short on GBP/USD
So today i took nice short with 30 pips SL. I get in on the last fib retracement 23.6%
Why?
For me first sign of changing trend is fib extansion not hit (138.2%)
Nice downside move then retracemnet to 23.6% of move, trendlinebreakout on m1 and jump in.
Market sell 1.4738 SL:1.4768 TP:no + 68 pips gain
M15 chart GBP/USD
below You’ll see how i get in and get out on one minute gbp/usd chart
So i get in on fisrt circle after trendline breakout on 1 minute chart and i put 30 pips SL than i has been waiting my SL get hit or grab some profit. If I use 30 pips Stop loss profit of 70 pips is OK for my.
Two trades on EUR/USD
Today i took 2 trades oth on euro against us dollar. I post this levels on Sunday eveninig here There were EUR/USD Aggressively sell breakdown of 1.3550 and 1.3700. The first was long on 1.3702 closed on 0 pips profit. I was supposed to see hard up move Eur/usd so i put immadietly SL on break event and it was hit.
Second trade was sell Eur/usd on trendline breakout on m15 chart. Chart below.
So i took it on first closed candle m15 ( chart is m30). It was almost 70 pips profit but i took only 30 pips gain. I expected fast move down, so i closed on +30 pips
Agressive short on USD/JPY
Today i took one short on usd/jpy unfortunetly 0 pips profit ;/
O pips profit with 30 pips SL
I put sell limit order on 95.60 with 95.90 SL, there was second fib profit and first retracemnt 61.8% of big downside move. See on chart below. I put this level on my today’s trading plan 
They missed my TP about few pips.
15m chart usd jpy
1h chart below to see big downside move
As You can see big move covers almost to the pip with second profit fib target.
Note!!
Why i moved my SL on breakeven?
1. Stron uptrend looks likle to contynue, so i wanna be safe. When i saw that they had missed my TP. I had only 20 pips, so put SL on 0 pips. See on 1minute chart.
Short on GBP/USD
My first trade on my blog So i took short on gbp/usd.
+50 pips with 30 pips SL
Resaons:
-On daily chart there’s nice downtrend. Trend is slowing down You can see it on MACD chart below, but still down
on 4h chart below we can see nice spike up, so i’m drawing fibs (from total bottom of this swing to highs) and trying to get in on retracement or extansion, threre was no pullback to minimum 50% retracemnet ( on 15m chart). As You can see there an exalent level two fibs targets are almost at the same price. GREAT!! Pleace to short
So i took exelent short at top and get 50 pips There ware strong uptrend whole day and no pullback for me to get in.
I’m trading on 15m chart but using also 4h and daily chart to see what is going on. Will explain soon my technics.
NOTE:
Safer is to put trade on pullback then on profits also safer is to have multi reason to put trade.