Thursday, June 18, 2009

Trade review on 16th-17th June. GBP/JPY.

It's been a while since my last update. I try my best to keep this blog updated. I feel sorry for myself.

I just come back to my place last Monday from my 2 weeks vacation, and no trade from last two weeks. I started to trade on 17th (Wednesday) and I miss a very good opportunity to set a pending order for Wiseman 1 on Monday in 4 hour and Daily time frame.

This is Daily chart which I miss a wiseman 1 signal which appeared on Monday.


















This is 4 hour chart which shows the downward movement since last Friday (June 12th)





This is 1 hour chart which shows the market condition which is not good for trading as the bars are in and close to alligator's mouth. I personally prefer to trade using 1 hour time frame, but with this market condition, I have to look on other time frame.


















I decided to trade using 15 minute time frame which is giving me more potential opportunities to make order. As you can see, I take out more pips using wiseman 1 and wiseman 2 rather than both wiseman 3 signals.


















I did make some money yesterday, and hopefully this downward condition to continue. I was only trade GBP/JPY as it's the only pair with a clear trend in 4 hour timeframe. Happy trading! =)