Sunday, July 19, 2009

Trade review from 13th - 15th July.

Last week (13th-17th of July), was a really profitable week for me. I'm so exited to review my trade here. Remember, I only review this with primary purpose of my own revision. I also made several losses, mostly from Wiseman 1 signal and with a very strict money management, I'm able to minimize my loss and maximize my profit.

This is GBP/JPY 4 hour timeframe.

As you can see, GJ TF4h shows a consistent upward move after Wiseman 2 appeared. The 1st Wiseman 1 signal (3rd downward fractal from your right) hit my 5 bar stop loss. Then another signal appeared which was can be both Wiseman 1 & Wiseman 2 appeared at the same time than you can see in third candlestick before the upward green arrow. It's a pretty strong indication of reverse move after two weeks of bearish market in GJ TF4h.

















These are GBP/JPY 1 hour time frame, with and without pivot level indicator.

As I make more money using Wiseman 3 as it consistent with the cliche; "Trade with trend" and "Trend is your friend", the best and most of my entry points are took in a smaller time frame, usually 15 minutes or 30 minutes time frame. So, you can see the point why am I using daily pivot level to indicate support and resistance level in a larger time frame.

I make most profit from Wiseman 2 here. ;)































Below is GBP/JPY 30 minutes timeframe.

Well, there were 11 Wiseman 3 signals appeared which you can see as the upward fractal in the graph.