Month of JUNE performance

Started the month with $529 and ended the month with $725. Profit of $196 is equivalent to 37% increase in capital. With this result, I think I am ready to increase my funding and to start trading higher volume and increasing my return. I am aiming at eventually getting a return of $500 per day trading. An income of $10,000 per month.  This is a start.

Above return of $196 is from Oanda.

Performance from CityIndex. Results were better due to larger trade qty.  $733/-

Total Return for June for both account = $929.

It will only get BETTER. Looking forward to picking up cash from the screen.

12-16 June Focus

Long AU,
Short EJ, EA

COT for EUR..

The difference between Put and Call widen., it is not at the extreme level yet, so I still believe Eur will fall further. Fundamentally, they are not a strong region .

I had an outstanding order for short EJ , 20K with CityIndex, so no new orders to be triggered, just waiting for this pair to turn around to my direction.

Will see how the week workout.

Week of June 5th

Monday. Not supposed to trade on a Monday. NOT SUPPOSED to..since price always made false move in the morning a nd then reverse it all by afternoon.  But having waited all weekend for Monday to arrive, it is extremely difficult to keep my hands off the keyboard.  I need to find something to do, to occupy my time, in order to safeguard my account balance.

The above is FXDD demo,..weekly timeframe. Based on the info in white box, I triggered :
a. SELL on EUR/NZD, 10K... continuing my last week's short bias (could be a mistake !! I should start each month afresh !)
b. BOUGHT AUD/USD, 10K.  Last week was a green doji, and price at support. Thought, it it time for it to move up.

It was only after my orders,.. that I moved in to 4Hr timeframe for both, and included am EMA200 on that 4hr timeframe chart.
THEN, i realised,.. the pair I shorted,..is stilling above the 4Hr. Bad sigh,..and the pair I longed, has EMS200 just above it. Bad sigh.

I really have to close my eyes and have both pairs makes it move based on Weekly timeframe.

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June 12, reviewing last week's pair.

Look at the weekly chart. My assumption on its move was spot on... but I did not fully harvest this corp becoz I pulled it out before it was riped. My earlier action had resulted in lost of opportunities. I really do have to find something to do while the market move and not get emotional while staring at the screen.

June 2017 Performance

Decided to track my monthly performance, with the hope I will be more careful knowing that my profit and loss will be recorded.

CityIndex , week ending June 2 = $90

Oanda, week ending June 2 = -$13

Net $$77 for mth of June ending, June 2.
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Performance 5th - 9th June

City Index $270.
(carrying an outstanding loss on Shorting EJ $80.

Oanda profit = $30, with outstanding losses on shorting EA, $9.

Adding both, Profit for last week was $300, with outstanding losses of $89, not realised. A nice improvement from last week.
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Performance for 19 - 23 June.

CityIndex  (above) = $ 77
Oanda (not shown) = $29
Total realised profit for the week = $106.
Outstanding orders  in Oanda =  negative $51.
Outstanding orders were long AJ nd AU.

There was little trading opportunities this week,... so, didnt want to push thru any trade that I hv no confident in winning.

May 29 - June 2 Currency Watch

This will be the 3 pairs I will focus on next week.
Short EUR/USD, Short EUR/CAD, Long NZD/USD

For next week, this is what I will do :
a. Trade on a 4Hr Timeframe. Based on Fibo derived from EMS 5/20 cross over.
b. For long trade : Buy when prices are moving up. Buy each retracement. Keep buying until the last retracement purchase turned out losses. That may be a time for trend change.  Reverse this for Short position.
c. Respect all the Opening/Closing line drawn on the MT4 charts. These are usually when retracement takes place.

Act on these commitments.
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May 29th Monday. 10.58am

Short entry made for EUR/CAD, and then EUR/NZD.
Both 10K with CityIndex.

Reason for the short :
EURCAD - @ daily timeframe, TDI turned negative and I am pretty bias with EUR currency. Suppect it to fall.
EURNZD - @ weekly, there was a tweezer formation, with a strong red bar, overpowering the previous green.  My only problem is,..can I hang on till end of the week to sell?? Given my quick habit to taking profit out of the above asap.

Trying not to watch this pair too frequently since orders had already been placed.

Cheers !
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Update June 3rd

This is the follow up of above chart. My focus then was on shorting both EUR/CAD and EUR/NZD.
Fortunately only one order was made for shorting EUR/CAD and the chart shows , in white box, that the whole week ended, UP.  EUR continued to show strength, even thought the open interest was showing an increase in puts.
NZD has showed some strength, so I shifted my main focus there. Looking at the weekly chart, it ended the week a doji. I was fortunate to be able to squeeze some money out of this pair despite it's doji candle. I had depended on SHI channel to get out in time, when price was at it's support level. My mind wanted it to break the support, but I decided to follow the market and got out. It bounced from support without me on it. It was a relieve.

This is how the call and put ratio looks like for EUR

The distance between put and call, widen, as seen on the first chart.  2nd chart shows call falling below 1, where 1 is bull/bear neutral.
With open interest like these, how can EUR continue to be strong?   I have to observe, and start to move in when the whole market think like wise,.otherwise, if I think solely, my capital will be diminish if the timing is not right.

Just WAIT till the tide turn.

Performance

May 22 - 26th Performance on City Index

About $130 on Cityindex account - where I am more careful when trading

On Oanda account, stop loss triggered for GBPUSD (Long)  for -$45 or 166pips,
Stop loss triggered for GBP/JPY (Log) for -$22 or 173 pips.

Net performance,.. $63/- Very bad.

Orders still active with Oanda were Long AUD/USD 1k.
Short EUR/AUD 1K, Short EUR/CAD 2k, and Short EUR/USD 1K.

For next week, I have to figure out how to harvest more pips with minimum staring.

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Performance from 29th May to 2nd June.

CityIndex

$190/-
Focus was on  EUR/NZD pair, with one order on Eur/CAD. All shorting the EUR currency.

Performance on Oanda was $17.  Unable to show here coz Oanda does not provide summary,..and transaction was mixed with financing charges and stuff.

Total week's performance was $207, a nice improvement from last week's  $63.

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Week of June 12 to 16

CityIndex

Profit $123. No outstanding currency held over the weekend.

Oanda $80. Outstanding pair, Long AU, paper loss $11.

Net profit for the week, $203, outstanding paper loss $11.

NZD/USD - Long Position

This week's focus are :
Long GBP/USD
Long AUD/USD
Long NZD/USD and
Short USD/CAD.

Looks like possible weakness in the US dollar.

For now, an entry was made with CityIndex for 1 lot ($10K) worth of NZD/USD Long position.

Reason for the Long decision :
1. Daily chart on the left showed Friday closed above triggered bar. Blue box showed triggered bar. Price is moving out of the lower BB.
2. On 4Hr timeframe, positive cross between EMA5/20.  At risk is the resistance level projected by EMA200 (purple line). Last bar @4H closed above the EMA200, giving me hope that the bullish sentiment is still there.
3. Below is the weekly chart. It gave me an impression that price is on an accumulation mode, ready to bounce. Last week was a nice green bar - average size, enough to give me a feeling that it has formed a tweezer.

TP Target, $0.698. (261% fibo on a 4Hr chart). I hope not to set this target and walk away. Not stare at it and trigger my itchy fingers syndrome.

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May 22, about 5.05pm

I peek :(

I am late in recording - that explain the last two green bar above.  At the point of exit, a tweezer was formed @1 hr chart. I had thought to exit first, and to get back in, after a minor correction is made. I was expecting the last 2nd bar to be red, given the tweezer formation. It remained green and what's worst, the next bar continue to be green.

I exited with a small profit of $7.32.

And while writing this update, the last green bar seems to show strength.  My weakness is there, I went in to buy again. Another $10K from CityIndex.  I hope to be above to let the winner run it's course this time round.  I may be merely saying, my will powder to hang on to winners is not there yet.

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May 22nd 8.17pm
Okay, I just slapped myself.  @1Hr TF, price touched 233% fibo and started to shake. Red/green/red/green. It could not get pass the 233% fibo created at 4H EMA5/20 crossed. And given I hate the US session, I quit again.  Closed the order entered above with a profit of $18.62.  And put NZD on alert. I will move in again after a correction. I hope there's correction, for me to move in at a cheaper price.
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May22 10.21pm.

If I had closed my eyes like I said I would, my first order will remain intact till target hit. Instead, I went in and out 3 times,..each time, buying at the higher price than I sold.  Bad habit. I have to convert this dollar earned into pips to get a better idea of my performance.


Here's how it looks like now, Daily & 4Hrly chart . Chart on the right, shows price hitting my target.
When will I ever learn to let go ?

As of now, no more NZDUSD trade. Maybe tomorrow..