Sunday, May 3, 2009

Trade review on the last week of April. (27th - 1st of May)





















I only trade GBP/JPY for last week as it was the only pair with a market condition fits with my criteria. (EU also made a good move by the way.) Usually, I will close all orders on Friday, but not this time. I put all the stop loss @ 147.116. Let's see what will happen on this coming Monday either it will hit the stop loss or continue the trend.

All my pending orders were made on TF1h and referring to TF4h. (Most of all to avoid the whipsaw!) I also was trying to assimilate wave reading in my trade and probably in TF1h, from 28th of April to 1st of May, it's in 5th wave.

I move the Stop Loss to the next bar chart with downward fractal that touch the green line or also called the lip of Alligator. It slightly broke my own rule but I have the nerve of steel. =)

The result if the price hit Stop Loss so far :

Wiseman 1 : 723 pips
Wiseman 2 : 596 pips
1st Wiseman 1 : 438 pips
2nd Wiseman 1 : 343 pips.

Total : You do the math! =)