Bedtime Trader 22Apr14: No Trades Identified

There were no Trades identified by the Bedtime Trader Indicator at 23:00

  • Valid Trades: 0
  • Possible Trade: 0

You will find the Bedtime Trader Results on the Bedtime Trader Profit & Loss Results page.

Cheers, Rich

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , ,

Kevin Greenhalls Bedtime Trader Weekly Report WE 19Apr14

Dear Rich,

Important: Janet and I will be travelling to the boat in Majorca from Thursday this week until Monday 5th May 2014. This means that your next update will be on 12th May 2014.

Dear Rich,

Welcome back after the Easter break. Let’s catch up with last week’s trades.

To be honest, it was a somewhat frustrating week. Did you find that?

We found that a lot of the trades identified weren’t activated. That was particularly the case on Sunday evening when many of the trades gapped up/down on the open.

Also, new trades identified on Thursday evening, just ahead of the Easter holiday, are not included as they would have been exposed to very low volumes being traded on Good Friday which can make for a very volatile situation.

The roll over trades on GBP combinations that were already in profit were retained until Thursday lunch time and exited at this point as Thursday afternoon was considered to be riskier being ahead of the holiday weekend.

Anyway, the full result sheet for last week including the extended trades was:

21 Trades identified by the Signal
6 Winning trades
1 Trade made a loan to the market.
2 Trades weren’t taken
12 Trades weren’t activated
Net result for the week +1,094 pips.

Training Note

There have not been any specific issues this past week that have prompted me to write a specific training note.

However, I would urge all those Bedtime Traders who have yet to read the FAQs and Training notes to do so as soon as possible and anyone unsure about any specific point to recap on this area of important information.

Certainly this has been useful for Bedtime Trader, Edward, who wrote in…

Sent: 08 April 2014 18:02 Dear Kevin & Janet, Just a short note to thank you both for introducing me to the fascinating world of forex trading, via spread trading. It has been a steep learning curve for me and it is only due to your training notes etc., (not forgetting the weekly Update), that I feel confident enough to proceed. For this I owe you both my gratitude. Yours sincerely, Edward R

Now let’s move on to the full details of last week’s trades…

Last Week’s Opportunities for W/E 19th April 2014:

Note: Exit time assumes 11pm on the day following the DoJi unless otherwise specified.

Kevin Greenhall Results WE19Apr14 1Kevin Greenhall Results WE19Apr14 2Commentary

Majors

15/04/14 – 17/04/14 – GBP/USD – NDDL
Possible Dragonfly DoJi off support at 13 DMA. Exit lunchtime.

Others

13/04/14 – 14/04/14 – AUD/TRY – NGDS
Possible Gravestone DoJi off resistance 23 DMA. Order to Open below 13 DMA. Gap Up on Open. Price not reached so not activated.

13/04/14 – 14/04/14 – CHF/TRY – NGDS OTO
Possible Gravestone DoJi. Resistance low 12/02/2014. Gap Up on Open. Order to Open below 13 DMA not activated.

13/04/14 – 14/04/14 – NZD/SGD – NDDL OTO
Possible Dragonfly DoJi. Resistance at DMAs. Order to Open above DMAs.

13/04/14 – 14/04/14 – TRY/JPY – NDDL OTO
Possible Dragonfly DoJi. Resistance at DMAs. Order to Open above 200 DMA and 13 DMA. Gap Up on Open so Order to Open not activated.

13/04/14 – 14/04/14 – USD/TRY – NGDS

Possible Gravestone DoJi. Resistance at 13 DMA. Support on 200 DMA. Gap Up on Open. Price not reached so not activated.

13/04/14 – 14/04/14 – SGD/TRY – NGDS
Possible Gravestone DoJi off resistance at 13 DMA. Gap up on Open. Price not reached so not activated.

14/04/14 – 15/04/14 – TRY/JPY – NDDL OTO
Possible Dragonfly DoJi off support at 23 DMA. Order to Open above 13 DMA and 200 DMA not activated.

14/04/14 – 15/04/14 – NOK/DKK – NDDL
Possible Dragonfly DoJi. Support on 13 DMA.

16/04/14 – 17/04/14 – NZD/JPY – NDDL OTO
Possible Dragonfly DoJi off support, previous resistance, high 07/03/2014. Order to Open above DMAs not activated.

16/04/14 – 17/04/14 – NZD/USD – NDDL OTO
Possible Dragonfly DoJi off support at 23 DMA. Order to Open above 23 DMA not activated.

16/04/14 – 17/04/14 – EUR/NZD – NGDS OTO
Possible Gravestone DoJi. Order to Open below 13 DMA not activated.


Possible trades but with large stops. Consider smaller stakes.

13/04/14 – 14/04/14 – EUR/TRY – NGDS
Possible Gravestone DoJi. Resistance at 13 DMA. Stop not reached.

13/04/14 – 14/04/14 – GBP/TRY – NGDS
Possible Gravestone DoJi. Resistance at 13 DMA. Gap up on Open. Price not reached so not activated.

14/04/14 – 15/04/14 – CHF/TRY – NGDS OTO
Possible Gravestone DoJi off resistance, previous support, 12/02/2014. Order to Open below 13 DMA not actived.

14/04/14 – 15/04/14 – EUR/NOK – NGDS OTO

Possible Gravestone DoJi . Support at 13 DMA. Order to Open below 13 DMA.

15/04/14 – 17/04/14 – GBP/SAR – NDDL
Possible Dragonfly DoJi off support at 13 DMA. Exit lunchtime.

15/04/14 – 17/04/14 – GBP/HKD – NDDL
Possible Dragonfly DoJi off support at 13 DMA. Exit lunchtime.

16/04/14 – 17/04/14 – NZD/HKD – NDDL OTO
Possible Dragonfly DoJi off support at 23 DMA. Order to Open above resistance, high 18/03/2014 not activated.

Valid / Possible Trades Not Taken.

Kevin Greenhall Results WE19Apr14 3

Kevin Greenhall signature

—————————————

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button. The above is an extract from Kevins weekly update e-mail.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , , , , ,

Bedtime Trader 21Apr14: No Trades Identified – Easter Monday

There were no Trades identified by the Bedtime Trader Indicator at 23:00

  • Valid Trades: 0
  • Possible Trade: 0

As it was a Public Holiday Easter Monday I will not look for new trades till this evening (Tue).

You will find the Bedtime Trader Results on the Bedtime Trader Profit & Loss Results page.

Cheers, Rich

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , ,

Bedtime Trader 17Apr14: 6 Trades Identified – Good Friday

Trades identified by the Bedtime Trader Indicator at 23:00

  • Valid Trades: 3
  • Possible Trade: 3

GBP/USD  CAD/DKK  CAD/NOK  EUR/CAD  GBP/HKD  GBP/SAR

As it a Public Holiday (Good Friday and Easter Monday) I will not look for new trades till Tue eve. Have a great long weekend everyone. Happy Easter.

You will find the Bedtime Trader Results on the Bedtime Trader Profit & Loss Results page.

Cheers, Rich

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , ,

Bedtime Trader 16Apr14: 4 Trades Identified

Trades identified by the Bedtime Trader Indicator at 23:00

  • Valid Trades: 0
  • Possible Trade: 4

NZD/USD  EUR/NZD  NZD/HKD  NZD/JPY

So we has 4 correlating parings last night. WD and I deliberated on these for some time in the Bedtime Trader Chat Room last night. In the end for me the DMAs took too much away from the potential ATR. Lets see what how they progress tonight.

You will find the Bedtime Trader Results on the Bedtime Trader Profit & Loss Results page.

Cheers, Rich

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , ,

Bedtime Trader 15Apr14: 4 Trades Identified

Trades identified by the Bedtime Trader Indicator at 23:00

  • Valid Trades: 0
  • Possible Trade: 4

GBP/USD  GBP/HKD  GBP/SAR  USD/SAR

I didn’t trade the GBP trades as there was a spike at about 10:30am and I tend not to trade doji’s that have been created by spikes. Thats just me. For those that did you will have made good profits today. Congrats :) The USD/SAR was a non starter as the ATR was 5 and the Spread 15.

You will find the Bedtime Trader Results on the Bedtime Trader Profit & Loss Results page.

Cheers, Rich

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , ,

Bedtime Trader 14Apr14: 5 Trades Identified

Trades identified by the Bedtime Trader Indicator at 23:00

  • Valid Trades: 0
  • Possible Trade: 5

CHF/TRY  EUR/NOK  NOK/DKK TRY/JPY  USD/ZAR

You will find the Bedtime Trader Results on the Bedtime Trader Profit & Loss Results page.

Cheers, Rich

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , ,

Kevin Greenhalls Bedtime Trader Weekly Report WE 12Apr14

Dear Rich,

Well it wasn’t quite such a hectic week last week.

Most evenings, there were only a few trades on offer. And that meant there was plenty of time for close examination of the opportunities.

The only real exception was Tuesday evening, where there were no less than seven trades identified.

Interestingly, it was a week where the majority of trades were possible with Stop Loss levels of less than 125 pips. That was good news for Bedtime Traders with more modest banks, giving plenty of opportunity to get involved.

And from 10 trades with those smaller stops, it was possible to achieve a respectable +416 pips.

However, as you can see from the table below, with all trades considered, the net result was a more modest +216 pips. That’s because the CAD/ZAR on Tuesday evening gave a much larger loan to market (LTM) and it was only by rolling over to the next day that the LTM was reduced to 202 pips.

This was also only possible if the original Stop Loss had been placed, as it should have been, below the low 31st March 2014.

Overall, the full result sheet for last week including the extended trades was:

16 Trades identified by the Signal
7 Winning trades
6 Trades made loans to the market.
3 Trades weren’t taken
Net result for the week +216 pips.

We’ll get to the full tables in a moment, after this week’s training note.

Training Note

This week’s training note results from a number of questions concerning the fact that I didn’t include the 2nd April 2014 CAD/ZAR trade in last week’s report. Some traders wanted to know how I would have handled the trade had it have been taken.

To be clear, this is not the same trade as mentioned above in the introduction but relates to the previous week.

The CAD/ZAR didn’t feature on Profile 0 of my Signal indicator 2nd April 2014 so I didn’t take the trade.

If it is very close to the qualifying parameters at 23:00, sometimes it doesn’t register on some systems, unfortunately something we have to live with.

However, let’s look at the candles retrospectively now. The CAD/ZAR candle on the 2nd April 2014 was a near/possible Gravestone DoJi, which closed at 9.6018 and the first 5 minute candle shows that the price within minutes was rising which would have prompted me to take an Order to Open.

You can check this by changing to the M5 candle and seeing the rise for yourself.

Now let’s look at the 8th April 2014 Valid Dragonfly DoJi on the CAD/ZAR in this week’s report.

The price action on the 9th April 2014 moved in both directions but eventually closed very close to the Stop Loss which, as mentioned above, should have been placed below the low 31st March 2014.

Leaving the trade to roll over when most of the Stop Loss has been used is an individual choice but can often result in the potential LTM being reduced or sometimes moved back into profit.

A further good example of this situation was on the EUR/ZAR on Tuesday evening, 8th April 2014, which can be seen in the screen shot below.

It should be noted that the stop loss was moved above the 13 DMA to lock in as much profit as possible on Friday afternoon and the trade was exited at 18:00 as I was going out on that evening.

It is not unusual for gains to diminish as pull backs can be seen in late trading on Friday evenings.

Those looking at the charts this morning (Monday 14th April 2014) would see that if the trade had been left to this morning a further 50 pips might have been possible.

Am I dismayed about the loss of this potential extra 50 pips? Not at all, one should always be content with the profit made and move on.

Kevin Greenhall Results WE12Apr14 1Now let’s move on to the full details of last week’s trades…

Last Week’s Opportunities for W/E 12th April 2014:

Note: Exit time assumes 11pm on the day following the DoJi unless otherwise specified.

Kevin Greenhall Results WE12Apr14 2Kevin Greenhall Results WE12Apr14 3Commentary

Majors

06/04/2014 – 11/04/2014 – EUR/CHF – NGDS
Possible Gravestone DoJi off resistance Close 11/02/2014.

Others

06/04/2014 – 11/04/2014 – CAD/JPY – GDS
Valid Gravestone DoJi off resistance at 200 DMA.

06/04/2014 – 11/04/2014 – CAD/SGD – NGDS
Possible Gravestone DoJi off resistance high 06/03/2014.

08/04/2014 – 11/04/2014 – EUR/ZAR – NDDL
Possible Dragonfly DoJi off support low 04/04/2014. See Training Note.

08/04/2014 – 09/04/2014 – NZD/SGD – NGDS
Possible Gravestone DoJi off resistance at 23 DMA.

08/04/2014 – 09/04/2014 – SGD/TRY – NDDL
Possible Dragonfly DoJi off support at 200 DMA.

09/04/2014 – 10/04/2014 – EUR/SGD – DDL
Valid Dragonfly DoJi off support Close 12/02/2014.

09/04/2014 – 10/04/2014 – TRY/JPY – NDDL
Possible Dragonfly DoJi off support at 200 DMA and 13 DMA.

10/04/2014 – 11/04/2014 – AUD/JPY – NGDS
Possible Gravestone DoJi off resistance high 04/04/2014.

10/04/2014 – 11/04/2014 – NZD/CAD – GDS
Valid Gravestone DoJi off resistance at DMAs.

Possible trades but with large stops. Consider smaller stakes.

07/04/2014 – 08/04/2014 – CHF/SEK – NGDS
Possible Gravestone DoJi off resistance 24/12/2013.

08/04/2014 – 10/04/2014 – CAD/ZAR – DDL
Valid Dragonfly DoJi off support 31/03/2014. See Training Note.

08/04/2014 – 10/04/2014 – SGD/ZAR – DDL
Valid Dragonfly DoJi off support, previous resistance, 12/11/2013.

Valid / Possible Trades Not Taken.

Kevin Greenhall Results WE12Apr14 4

Kevin Greenhall signature

—————————————

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button. The above is an extract from Kevins weekly update e-mail.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , , , , ,

Bedtime Trader 10Apr14: 2 Trades Identified

Trades identified by the Bedtime Trader Indicator at 23:00

  • Valid Trades: 1
  • Possible Trade: 1

AUD/JPY  NZD/CAD

I traded on the NZD/CAD. Good Risk to Reward 82.1% and the Spread/ATR was 7.5% (good and low). It has both the DMA 13 & 23 in support. Valid BTT indicated. Previous candles not so hot. Lets see how it goes. Have a great weekend.

Update: My NZD/CAD trade made a jump overnight (short) and spent the rest of the night steadily climbing back to my entry point. When the UK market opened it bust the DMAs and took out my SL in the afternoon, so a loss of 55 PIPs this time. Can’t win them all!

You will find the Bedtime Trader Results on the Bedtime Trader Profit & Loss Results page.

Cheers, Rich

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , , ,

Bedtime Trader 9Apr14: 2 Trades Identified

Trades identified by the Bedtime Trader Indicator at 23:00

  • Valid Trades: 1
  • Possible Trade: 1

EUR/SGD  TRY/JPY

You will find the Bedtime Trader Results on the Bedtime Trader Profit & Loss Results page.

Cheers, Rich

BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur.  Like myself you trade at your own risk.

Author: Rich E

Bedtime Trader , , , , ,