The below is an extract of the Bedtime Trader Results e-mail recieved from Kevin Greenhall
week with a modest number of identified trades which, on closer examination, only gave Wednesday evening to capture a few pips.
Many of the trades needed the use of Orders to Open as levels of support and resistance by way of DMAs were in abundance.
On Thursday evening it was thought there was potential in rolling over those trades that had gained on the day as the $ was making good progress against all the majors keeping the AUD and EUR under pressure.
The week’s results can therefore be recorded as follows:
1 Loan to the market
3 Trades not taken
4 Trades not activated.
Net result for the week +539 pips.
Please take the time to review the Training Notes previously supplied to you.
Now let’s move on to the full details of last week’s trades…
Last Week’s Opportunities for W/E 7th March 15:
Note: Exit time assumes 11pm on the day following the DoJi unless otherwise specified.
04/03/15 – 06/03/15 – AUD/USD – NGDS OTO
Possible Gravestone DoJi off resistance high 06/02/2015. Support low 26/01/15. Order to Open below 23 DMA carried over until Friday close.
01/03/15 – 02/03/15 – USD/HKD – NDDL OTO
Possible Dragonfly DoJi off support at 200 DMA. Possible resistance at 23 DMA. Large Gap Down on Open so not taken.
01/03/15 – 02/03/15 – TRY/JPY – NDDL OTO
Possible Dragonfly DoJi off support low 29/02/l2015. Possible resistance at DMAs. Order to Open above DoJi high not activated.
04/03/15 – 06/03/15 – EUR/DKK – NGDS OTO
Possible Gravestone DoJi off resistance at 13 DMA. Order to Open below support at 23 DMA carried over.
Possible trades but with large stops. Consider smaller stakes.
01/03/15 – 02/03/15 – CHF/TRY – GDS OTO
Valid Gravestone DoJi. Price action between DMAs. Resistance at 23 DMA. Order to Open below Friday’s low not activated.
03/03/15 – 04/03/15 – CAD/MXN – GDS OTO
Valid Gravestone DoJi off resistance at 200 DMA but stop too large. Order to Open below 13 DMA not activated.
04/03/15 – 06/03/15 – AUD/HKD – NGDS OTO
Possible Gravestone DoJi off resistance high 06/02/2015 and support low 26/01/2015. Order to Open below 23 DMA carried over.
04/03/15 – 05/03/15 – GBP/HUF – NGDS
Possible Gravestone DoJi off resistance high 15/01/2015.
05/03/15 – 06/03/15 – EUR/ZAR – DDL
Valid Dragonfly DoJi off support close 05/02/2015. Order to Open above potential resistance at DMA’s not activated.
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