2 week ending 5 September: -0.788%, floating loss -13.192%

1 week ending 22 August: -0.933%, floating loss -11.442%

1 week ending 15 August: +2.339%, floating loss -7.512%

1 week ending 9 August: -11.807%, floating loss -5.343%

1 week ending 2 August: +2.826%, floating loss -13.682%
1 week ending 25 July: -1.892%
1 week ending 18 July: +0.29%
1 week ending 11 July: +0.921%, floating loss -1.525%

16 week ending 4 July: -12.163%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

XAU:

sell @971.40, SL 972.80.

GC:

sell @ open+100pips, SL 100pips, close at end of the week.

Changed to sell stop @1.7320, SL 1.7450, TP 1.7180.

1 week ending 22 August: -0.933%, floating loss -11.442%

1 week ending 15 August: +2.339%, floating loss -7.512%

1 week ending 9 August: -11.807%, floating loss -5.343%

1 week ending 2 August: +2.826%, floating loss -13.682%
1 week ending 25 July: -1.892%
1 week ending 18 July: +0.29%
1 week ending 11 July: +0.921%, floating loss -1.525%

16 week ending 4 July: -12.163%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

Forget any other strategy, focus on trend line, round number and 50% Fib, use TS. Try any other strategy on demo account!

1 week ending 15 August: +2.339%, floating loss -7.512%

1 week ending 9 August: -11.807%, floating loss -5.343%

1 week ending 2 August: +2.826%, floating loss -13.682%
1 week ending 25 July: -1.892%
1 week ending 18 July: +0.29%
1 week ending 11 July: +0.921%, floating loss -1.525%

16 week ending 4 July: -12.163%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

Big loss.

Mainly I tried 4 different strategies, MACD, support/resistance entry with trailing SL, More random entry but with the trend, 100/300 pips fixed exit for EU. Only the second strategy is profitable.

1 week ending 9 August: -11.807%, floating loss -5.343%

1 week ending 2 August: +2.826%, floating loss -13.682%
1 week ending 25 July: -1.892%
1 week ending 18 July: +0.29%
1 week ending 11 July: +0.921%, floating loss -1.525%

16 week ending 4 July: -12.163%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

Only 3 orders at a time, 2 major pairs and 1 cross pair. One of the major pairs should be EU if it's possible.

If selling EU is losing, sell again at 1.4700, ST 1.4800, TP 1.4400. Success rate 51%.
ADDED on 3rd August

The immediate resistance of GU is 1.6850. Sell GU 1.6850, SL 1.6900, TP 1.6700. Success rate 60%.
LOST on 3rd August

1 week ending 2 August: +2.826%, floating loss -13.682%
1 week ending 25 July: -1.892%
1 week ending 18 July: +0.29%
1 week ending 11 July: +0.921%, floating loss -1.525%

16 week ending 4 July: -12.163%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

On Friday 31 July, CHF>EUR>AUD>CAD.GBP>JPY>USD.
In July, AUD>NZD.CAD.CHF>EUR.JPY>GBP>USD.

UCh:
buy 1.0877, SL 1.058, TP 1.30. For GU=1.65, Risk/Reward=-1.70%/9.9%. Success rate=51%
LOST on 3rd August.
buy 1.0877, SL 0.958, TP 1.30. For GU=1.65, Risk/Reward=-8.21%/9.9%. Success rate=80%

1 week ending 25 July: -1.892%
1 week ending 18 July: +0.29%
1 week ending 11 July: +0.921%, floating loss -1.525%

16 week ending 4 July: -12.163%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

H4:
USD>JPY>CHF>EUR>AUD>CAD

I think currently the best trades should be selling EU and buying UCh, while the most dangerous trade is buying ECh.

pending:
delete pending GCh, UJ. close ECh at a appropriate time.

add EU
sell:
open price + 20pips, SL 1.4380, TP 1.30.

buy UCa:
1.093, SL 1.073, TP 1.153. Risk/Rwd: (1.86%/5.2%)*2/1.6417=2.27%/6.34%

existing:
UH:
buy 7.752, SL 7.743, TP 7.754, Risk/Reward=(0.1162%/0.1419%)*1/1.6333=0.0712%/0.0869%

ECh: (Should be closed eariler)
buy 1.522, SL 1.5080, TP 1.560, Risk/Reward=(0.93%/2.44%)*2*0.86308=1.60%/4.2%
Monthly and weekly chart: symmetrical triangle from 1.48 to 1.57.
Daily chart: MA100 and MA200 form support.

GCh:
sell 1.74057, SL infinite, TP 1.717, Risk/Reward=(infinate/1.37%)*2*1=infinate/2.75%
change to
sell 1.74057, SL 1.7860, TP 1.670, Risk/Reward=(2.54%/4.23%)*2*1=5.09%/8.45%

GCh:
buy 1.77665, SL 0, TP 1.81, Risk/Reward=(infinate/1.84%)*1*1=infinate/1.84%
change to
buy 1.77665, SL 1.7347 1. TP 1.86, Risk/Reward=(2.42%/4.48%)*1*1=2.42%/4.48%

UCa:
buy 1.1262, SL 1.063, TP 1.3000, Risk/Reward=(5.95%/13.37%)*2/1.6333=7.28%/16.37%

GCh:
buy 1.7598, SL 0, TP 1.81, Risk/Reward=(infinate/2.77%)*1*1=infinate/2.77%
change to
buy 1.7598, SL 1.7330, TP 1.86, Risk/Reward=(1.55%/5.39%)*1*1=1.55%/5.39%

EU:
sell 1.42293, SL 1.43793, TP 1.37793, Rsk/Rwd=(1.04%/6.35%)*1*0.8645=0.9%/5.49%

UCh:
buy 1.06796, SL 1.06196, TP 1.08526, Risk/Reward=(0.56%/1.59%)*1/1.6333=0.34%/0.97%

I opened 3 orders because of fear. I should have calculated all the risks and rewards.

UH:
buy 7.752, SL 7.743, TP 7.754, Risk/Reward=(0.1162%/0.1419%)*1/1.6333=0.0712%/0.0869%

ECh:
buy 1.522, SL 1.493, TP 1.560, Risk/Reward=(1.94%/2.44%)*2*0.86308=3.35%/4.2%

UCh:
buy 1.084, SL 1.063, TP 1.0978, Risk/Reward=(1.98%/1.26%)*1/1.6333=1.21%/0.77%
change to
buy 1.084, SL 1.063, TP 1.15, Risk/Reward=(1.98%/5.74%)*1/1.6333=1.21%/3.51%

GCh:
sell 1.74057, SL 0, TP 1.717, Risk/Reward=(infinate/1.37%)*2*1=infinate/2.75%

GCh:
buy 1.77665, SL 0, TP 1.81, Risk/Reward=(infinate/1.84%)*1*1=infinate/1.84%

UCa:
buy 1.1262, SL 1.063, TP 1.3000, Risk/Reward=(5.95%/13.37%)*2/1.6333=7.28%/16.37%

GCh:
buy 1.7598, SL 0, TP 1.81, Risk/Reward=(infinate/2.77%)*1*1=infinate/2.77%

GU:
sell 1.643, SL 1.678, TP 1.52, Risk/Reward=(2.09%/8.09%)*1*1=2.09%/8.09%

================================
pending orders:
EU:
sell 1.433, SL 1.488, TP 1.29, Risk/Reward=(3.7%/11.09%)*2*0.86308=6.38%/19.13%

UCh:
buy 1.069, SL 1.063, TP 1.15, Risk/Reward=(0.56%/7.04%)*1/1.6333=0.35%/4.31%

UJ:
buy 93.00, SL 91.3, TP 96.5, Risk/Reward=(1.86%/3.63%)*2/1.6333=2.28%/4.44%

UCa:
buy 1.092, SL 1.063, TP 1.16000, Risk/Reward=(2.73%/5.86%)*2/1.6333=3.34%/7.18%

16 week ending 4 July: -12.163%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

1 week ending 11 July: +0.921%, floating loss -1.525%
1 week ending 18 July: +0.29%

I didn't follow my plan and closed UJ too early, and didn't get a quite big profit. It's a pity.

UCa:
buy limit 1.1262, SL 1.063, TP 1.3000, Risk/Reward=5.95%/13.37%
consider another buy limit 1.1015

ECh:
Tested 100 and 200 MA(D1) but didn't break.
Open 1.5220, Target 1.5600, SL 1.4930. Risk/Reward=1.94%/2.44%
This trade should not have been opened as the reasons to open this trade are insufficient. It may drop below the weekly uptrend line.

UCh:
Ch still has the most potential to drop. Hold UCh.
Also Buy at 1.0680.
Open 1.0840, 1st Target 1.10978, SL (1.077=>) 1.0630. Risk/Reward=1.98%/2.32%
Also Open at 1.0680, Target 1.1500, SL 1.0630. Risk/Reward=0.47%/5.74%

UJ:
Open 93.10, target 96.50, SL 91.30 Rsk/Rwd: 1.97%/3.52%

GU:
sell after 1-3 ascending daily bars. sell target: 1.5198.

UCa:
Consider to change to buy at 1.1260, which is a 50% Fibo.

Delete GU.

In the future, stop orders to compensate the losing traders (anti-hedge) can be 100-200 pips beyond the losing points if the anti-hedge condition is not satisfied.


16 week ending 4 July: -12.163%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

1 week ending 11 July: +0.921%, floating loss -1.525%

EU:
change to sell @ 1.4330

16 week ending 4 July: -12.163%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

1 week ending 4 July: -0.609%
1 week ending 27 June: +2.34%
1 week ending 20 June: 0%
1 week ending 13 June: +1.933%, floating profit 0.014%
1 week ending 6 June: -16.055%, floating profit +1.223%
1 week ending 29 May: -5.799%, floating loss -8.555%
1 week ending 22 May: +1.726%, floating loss -7.414%
1 week ending 16 May: +1.730%, floating loss -0.572%
1 week ending 8 May: +0.400%, floating loss -4.298%
1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

keep GU, EU,

change UCa to buy stop at 1.1980, (monthly chart)

hold UCh for LONG TERM up to maybe 3 months.

1 week ending 27 June: +2.34%

1 week ending 20 June: 0%
1 week ending 13 June: +1.933%, floating profit 0.014%
1 week ending 6 June: -16.055%, floating profit +1.223%
1 week ending 29 May: -5.799%, floating loss -8.555%
1 week ending 22 May: +1.726%, floating loss -7.414%
1 week ending 16 May: +1.730%, floating loss -0.572%
1 week ending 8 May: +0.400%, floating loss -4.298%

1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

use weekly chart when busy

GU:
sell at 1.7330, SL 1.7680

EU:
sell at 1.4400, SL 1.4580

EG:
buy at opening, SL 0.8330, target 0.8850.
buy at 0.8240, SL 0.8130, target 0.8850.

keep UCa, delete UCh.

1 week ending 20 June: 0%

1 week ending 13 June: +1.933%, floating profit 0.014%
1 week ending 6 June: -16.055%, floating profit +1.223%
1 week ending 29 May: -5.799%, floating loss -8.555%
1 week ending 22 May: +1.726%, floating loss -7.414%
1 week ending 16 May: +1.730%, floating loss -0.572%
1 week ending 8 May: +0.400%, floating loss -4.298%

1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

GU:
0.02 sell limit 1.7330, SL 1.7880.

EU:
0.01 sell 1.4420, SL 1.4880

UC:
H4 channel from 6.2 16:00, buy with target at least 1.09 or 1.10!

UCa:
0.01 buy stop 1.1950, SL 1.0730. Delete buy limit

1 week ending 13 June: +1.933%, floating profit 0.014%

1 week ending 6 June: -16.055%, floating profit +1.223%
1 week ending 29 May: -5.799%, floating loss -8.555%
1 week ending 22 May: +1.726%, floating loss -7.414%
1 week ending 16 May: +1.730%, floating loss -0.572%
1 week ending 8 May: +0.400%, floating loss -4.298%

1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

The biggest weekly loss again! I will use weekly chart to trade as I am so busy.

1 week ending 6 June: -16.055%, floating profit +1.223%
1 week ending 29 May: -5.799%, floating loss -8.555%
1 week ending 22 May: +1.726%, floating loss -7.414%
1 week ending 16 May: +1.730%, floating loss -0.572%
1 week ending 8 May: +0.400%, floating loss -4.298%

1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

Perhaps it's the biggest weekly loss. I changed my mind and didn't hedge.

Month: NZD > AUD > GBP > CAD > EUR >= CHF > JPY > USD (eur/gbp=0.9776, eur/aud=0.969368, eur/nzd=0.9413, eur/cad=0.9788)

3 months:

UJ:
delete.

EU:
sell 0.01 @ 1.4428, SL 1.4780.

Hedge GU:
buy 0.02 @ open-50pips, 0.01 @ open-250pips, 0.01 @ open-500pips. Target 1.64.
Delete sell limit @1.6230.

NU:
buy 0.02 target 0.6550 when retraced.

1 week ending 29 May: -5.799%, floating loss -8.555%
1 week ending 22 May: +1.726%, floating loss -7.414%
1 week ending 16 May: +1.730%, floating loss -0.572%
1 week ending 8 May: +0.400%, floating loss -4.298%

1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

EU:
sell 0.02 @1.4430, SL 1.4780

AU:
sell 0.02 @0/7928, SL 0.8180

UC:
buy 0.02 @ 1.0750, SL 1.0430

UJ:
buy 0.02 @92.95, SL 89.30

Hedge is not good. Should I hedge GU now?

Hedge UCa
Sell 0.02 target 1.1065

Hedge GU
Buy 0.02 target 1.62

I missed good trades on GC, so I was worried missing other good trades on UCa and second GU trade, thus entered bad trades.

1 week ending 22 May: +1.726%, floating loss -7.414%
1 week ending 16 May: +1.730%, floating loss -0.572%
1 week ending 8 May: +0.400%, floating loss -4.298%

1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

UCh: (480 pips away)
buy 0.02 @ 1.0736, SL 1.0430

UJ: (230 pips away)
buy 0.02 @ 92.70, SL 89.30

UCa: (200 pips away)
buy 0.02 @ 1.1544, SL 1.1330

EG:
sell 0.02 @ 0.9235, SL 0.9580

GU: (700 pips away)
sell 0.02 @ 1.58, SL 1.6180

Delete EJ

One more rule: (To be determined)
while maximum pending order is 5, for the same currency, maximum order is 2, maximum pending leverage is 1:3.

1 week ending 16 May: +1.730%, floating loss -0.572%
1 week ending 8 May: +0.400%, floating loss -4.298%

1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

1 week ending 25 April: +0.101%, floating profit +0.031%
1 week ending 18 April: +1.466%, floating loss -1.635%
1 week ending 11 April: -0.2%, floating loss -0.409%
1 week ending 4 April: +1.737%, floating loss -1.015%
1 week ending 27 March: -1.690%
1 week ending 20 March: +0.276%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

As margin level is quite low (1965%), stricter entry points as follows,

UCh:
buy 0.02 @1.07, SL 1.0430.

EG:
sell 0.02 @0.9250, SL 0.9580.

GU:
sell 0.02 @ 1.5350 (previously 1.5270 with SL 1.5580), SL 1.5580

EJ:
sell 0.02 @ 138.69 (previously 136.50 with SL 138.80), SL 140.80.

8 May Friday, USD < JPY =< AUD < GBP < EUR < CHF
week ending 8 May: USD < JPY < GBP < EUR <= CHF < CAD < AUD

1 week ending 8 May: +0.400%, floating loss -4.298%

1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

1 week ending 25 April: +0.101%, floating profit +0.031%
1 week ending 18 April: +1.466%, floating loss -1.635%
1 week ending 11 April: -0.2%, floating loss -0.409%
1 week ending 4 April: +1.737%, floating loss -1.015%
1 week ending 27 March: -1.690%
1 week ending 20 March: +0.276%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

GC: buy 0.02 lot @ 1.6585, SL 1.6230.
AU: sell another 0.01 lot @ 0.7400, SL 0.7680.
EG: sell 0.02 lot @ 0.9130, SL 0.9380.
EA: buy 0.02 lot @ 1.7650, SL 1.7230.

delete EJ buy order, GU, GJ orders.

This week I entered EU and EJ. EJ is definitely based on daily R3 and should be exitet earlier. Unfortunately I didn't and turn the profit to loss.

1 week ending 1 May: +0.481%, floating loss -1.076%
6 week ending 25 April: +1.69%, floating profit +0.031%

1 week ending 25 April: +0.101%, floating profit +0.031%
1 week ending 18 April: +1.466%, floating loss -1.635%
1 week ending 11 April: -0.2%, floating loss -0.409%
1 week ending 4 April: +1.737%, floating loss -1.015%
1 week ending 27 March: -1.690%
1 week ending 20 March: +0.276%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

Excellent entry points but very disappointing exit points this week again!
Use H4 as trailing SL to protect profits before reaching the target exit points!

this week until now: +0.432%
6 week ending 25 April: +1.69%, floating profit +0.031%

1 week ending 25 April: +0.101%, floating profit +0.031%
1 week ending 18 April: +1.466%, floating loss -1.635%
1 week ending 11 April: -0.2%, floating loss -0.409%
1 week ending 4 April: +1.737%, floating loss -1.015%
1 week ending 27 March: -1.690%
1 week ending 20 March: +0.276%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

6 week ending 25 April: +1.69%, floating profit +0.031%

1 week ending 25 April: +0.101%, floating profit +0.031%
1 week ending 18 April: +1.466%, floating loss -1.635%
1 week ending 11 April: -0.2%, floating loss -0.409%
1 week ending 4 April: +1.737%, floating loss -1.015%
1 week ending 27 March: -1.690%
1 week ending 20 March: +0.276%

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

1 week ending 18 April: +1.466%, floating loss -1.635%

1 week ending 11 April: -0.2%, floating loss -0.409%
1 week ending 4 April: +1.737%, floating loss -1.015%
1 week ending 27 March: -1.690%
1 week ending 20 March: +0.276%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

The Eur pairs don't respect the daily TL well. I have lost several trades on the Eur pairs already. Pay more attention to them. Perhaps I should either take profit more promptly, or give up them, or use the Weekly charts.

1 week ending 11 April: -0.2%, floating loss -0.409%
1 week ending 4 April: +1.737%, floating loss -1.015%
1 week ending 27 March: -1.690%
1 week ending 20 March: +0.276%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

What should the exit stratege be? What's the best exit stratege?

Firstly when I used trailing SL, the profit reduced from 80 pips to 20 pips.
Then I take profit at 80 pips, but I saw I could have won 200-300 pips if I used hard SL.
Then I decided to use 200-300 hard SL, but hard SL made a 226 pips winning trade turned to a 244 pips lose trade.

Also I should make attention to my SL. Last time EJ at 130.94 hit my SL with 286 pips lose. This time EA at 1.8774 hit my SL with 244 pips. I think for EJ and EA I should use larger SL, say 350-400 pips.

1 week ending 4 April: +1.737%, floating loss -1.015%

1 week ending 27 March: -1.690%
1 week ending 20 March: +0.276%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

Is the rule I setup on Friday 20th March good? I don't know. I followed the rule today and didn't let my profits go further. I could have made several hundred more pips on the 2 orders. More likely I should take profit @200 pips.

Another rule that I should only look at the chart 5-7 times a day may also mean that I should take profit @ around 200pips instead of only 80pips.

I should write a note on the "stick to index" for each order.

0014 GC: stick to index 5;
6984 GJ: stick to index 4;

Both CHF and JPY have already had an up trend for 8-10 years and may come to a turing point to come down. Comparing CHF and JPY, there is stronger up trend for JPY. So comparing buying GC and GJ, buying GC is more sensible (equivalent to selling CG is more sensible than selling JG as CHF has less up trend or has more down trend).

GC:
Buy @ 1.6055, 5% SL is 1.5252.

GJ:
Buy @ 135.36, 5% SL is 128.592.

NU:
Increase the SL to 0.5880? Target 0.5200?

1 week ending 27 March: -1.690%
1 week ending 20 March: +0.276%
16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

A note on order 750182 of "Sell limit of NU":

NJ has touched the upper TL and I should sell NJ. However as both NU and UJ are likely to rise, NJ may still have room to rise. For safety, no sell limit on NJ.

Particularly as NJ has a higher high, the trend of NJ may have changed from down to up.

A lesson learned: A long black/white bar is not reliable.

This week I didn't trade well. After I lost on selling EJ, I opened another selling order based on an H4 doji bar and a confirmation black (down) bar. Unfortunately I closed this order quite quickly as I didn't see a quick price drop. The situation is that the price dropped slowly for at least 3 consecutively bars.

UC:
Buy @1.127 is based on the 50% support at 1.115 is effective. So buy at the mid-point of today's daily bar.

EG:
Sell @ 0.9256 is based on today's long black bar. Sell at the mid-point of today's daily bar.

this week until now: -1.946%
1 week ending 20 March: +0.276%

EU:
sell @1.3958, SL 1.4080.

UC:
buy @ 1.0567, SL 1.0330.

GJ:
No limit order.

GU:
Sell @ 1.4800, SL 1.5080.

UJ: (better wait until next week)
Sell @100.30 SL TBD.

EG:
Sell @ 0.9750, SL 1.0000.

EC:
Sell @ 1.5537, SL 1.5680

For twice I could have made more profits if I had not used the trailing SL. The first time I used a large trailing SL, and the second time I used a tight trailing SL. The first time the large trailing SL was hit and the price stays there for a few days then changed its direction. The second time the tight trailing SL was hit and the price changed its direction quite quickly.

My lesson is, take profit if I have more than 80 pis, and try to open another limit order at the same or similar S/R level. Limit order at the same or similar S/R level can be put on twice.

1 week ending 20 March: +0.276%

I transferred the fund from my USD account to GBP account on Monday 16 March.

16 week ending 14 March: +33.2650%
16 weeks ending 21 November: -1.303%

Transfer money between accounts!

USD>AUD>CAD

UH:
Buy @7.7520, SL 7.7430

AU:
Sell @0.7400, SL 0.7550

GU:
Buy @ 1.3350, SL 1.3230

EG:
Sell @0.9500, SL 1.0000

UJ:
Sell @99.799, SL 104.80

1 week ending 14 March -1.228%
1 week ending 7 March 0%
1 week ending 27 February: +1.073% [7 weeks ending 27 Feb: +11.938%]
1 week ending 20 February: +1.520%
1 week ending 13 February: +5.517%
1 week ending 7 February: +4.712%
1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
1 week ending 10 January: -0.149% [7 weeks ending 10 Jan: +22.555%]
1 week ending 3 January: +8.676%
1 week ending 26 December: +5.385%
1 week ending 19 December: -0.335%
1 week ending 12 December: +5.363%
1 week ending 5 December: -3.000%
1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

EU:
Sell stop @ 1.2250, SL 1.2400, TP 1.1400
Buy limit @ 1.1352, SL 1.0950
Next buy limit @ 1.1219, SL 1.0969.

GU:
Buy limit @ 1.3322, SL 1.2930.

UJ:
Sell @ 103.80, SL 106.80

GC:
Buy @ 1.5700, SL 1.5530

Delete UCa(2)


1 week ending 7 March : 0% with floating loss -4.831%.

1 week ending 27 February : +1.073% with floating loss -3.527%. [7 weeks +11.938% with floating loss -3.527%]
1 week ending 20 February +1.520%
1 week ending 13 February +5.517%
1 week ending 7 February: +4.712%
1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
1 week ending 10 January: -0.149% [7 week ending 10 January: +22.555%]
1 week ending 3 January: +8.676%
1 week ending 26 December: +5.385%
1 week ending 19 December: -0.335%
1 week ending 12 December: +5.363%
1 week ending 5 December: -3.000%
1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

UC:
Delete the sell limit order @ 1.2180.

UJ:
I believe 99.50 will be a strong resistance. Next dynamic resistance 102.79 and 104.25 will keep lowering. Change the sell limit order to 104.00 (103.00 at the end of the week) with SL 105.60 (104.70 at the end of the week).

GJ:
Sell @ 148.50, SL 151.80

EG:
sell @ 0.9100 SL 0.9260;
buy @0.8500, SL 0.8330.

1 week ending 27 February : +1.073% with floating loss -3.527%.

1 week ending 20 February +1.520%
1 week ending 13 February +5.517%
1 week ending 7 February: +4.712%
1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
1 week ending 10 January: -0.149% [7 week ending 10 January: +22.555%]
1 week ending 3 January: +8.676%
1 week ending 26 December: +5.385%
1 week ending 19 December: -0.335%
1 week ending 12 December: +5.363%
1 week ending 5 December: -3.000%
1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

It's been 112 days since 4 November 2008 when I concluded that MACD is very poor in making money. During these 112 days, I made 396 units money, i.e. 3.5357 units per day, or 0.0035 of the deposit per day. Based on this, I expect the annual return (increase rate) per year should be (1.0035^365-1) = (3.5797-1) = 2.5797 times the deposite (257.97%), or 0.0035*365 = 1.2775 times the deposit (127.75%).

this week until now: +1.073%

1 week ending 20 February +1.520%
1 week ending 13 February +5.517%
1 week ending 7 February: +4.712%
1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

1 week ending 20 February +1.520%

1 week ending 13 February +5.517%
1 week ending 7 February: +4.712%
1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

GB:
sell @1.4980, SL 1.5460

GJ:
sell @138.50, SL 140.70

EG:
buy @0.8600, SL 0.84400

1 week ending 13 February +5.517%
1 week ending 7 February: +4.712%
1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

jpy>chf>eur>usd>gbp

eur/usd close
gbp/usd close

this week until now: +3.587%, update: +5.517%

1 week ending 7 February: +4.712%
1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

1 week ending 7 February: +4.712%
1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

G/U and G/J:
Monthly charts of both G/U and G/J show a doji which means they may go up. For G/J I would like to buy between 130.20 and 130.50, which is located at an H4 TL. For G/U, we may buy at 1.4470 to 1.4500. Cancelled.

EU:
buy @ 1.2875 which is the mid point of Friday's high and low.

E/G:
buy @ 0.8687 with SL 0.8560.

GC:
sell 0.01 unit @ 1.7250 with SL of 1.7350 and TP 1.7150 and then sell 0.02 unit @ 1.7640.

UC:
sell @ 1.2190 with SL 1.2490

this week until now: +4.244%

1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

this week until now: +3.089%, total net profit: +23.457%

1 week ending 30 January: +1.728%
1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

GC:
sell @ 1.7450, SL 1.7750, 0.02 unit.

1 week ending 30 January: +1.728%, floating loss -0.728%

1 week ending 23 January: -1.811%
1 week ending 16 January: -0.801%
7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

This week has been bad. I put 8 pending orders (which is against my maximum 5 pending orders rule) and didn't set up SL on GBP pairs, and I deleted the good EU buy limit order. The net profit is only +3.488% now.

The criteria that I should use to delete or keep an order or not, should be the speed of the pair reaching or approaching the limit price. If the pair reaches or approaches the limit price very quickly, then I should consider to close or delete the order; otherwise keep the order open.

GU:
Buy @1.3550, SL 1.3430, 0.02 lot.
Buy @1.3300, SL 1.3230, 0.02 lot.

EG:
Sell @0.98, SL 1.02

UJ:
Buy @87.30, SL 86.30, 0.02 lot.

EA:
Sell @2.09, SL 2.128

GC:
buy @1.5120, SL 1.4730

1 week ending 23 January: -1.811%, floating loss -15.152%
1 week ending 16 January: -0.801%
7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

EU: (CHANGE THE THE SIZE)
buy @ 1.2890

GU:
buy 0.01 @1.45.

GJ:
buy @130.00

UJ:
buy @88.70

AJ:
buy @60.00. => 58.60.

GC:
buy @1.6050

AU:
buy @0.6560.

1 week ending 16 January: -0.801%

7 week ending 10 January: +22.555%
16 weeks ending 21 November: -1.303%

this week until now: -1.394%

1 week ending 10 January: -0.149%
1 week ending 3 January: +8.676%
1 week ending 26 December: +5.385%
1 week ending 19 December: -0.335%
1 week ending 12 December: +5.363%
1 week ending 5 December: -3.000%
1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

EG:
TP at 0.9050.
Sell @0.9990 0.05 unit, SL 1.0070.

GJ:
Buy at 132.00 0.02 unit.

UC:
Buy at 1.0420 0.02 unit.

GC:
Buy at 1.5500 (1.5650) 0.01 unit.

GU:
Buy 1.4400

Delete AJ, UJ, EA.

1 week ending 3 January: +8.676%
1 week ending 26 December: +5.385%
1 week ending 19 December: -0.335%
1 week ending 12 December: +5.363%
1 week ending 5 December: -3.000%
1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

monthly chart buy:
usd > chf
gbp > jpy
gbp > usd
usd > cad
cad > eur
gbp > eur
aud > eur
aud > jpy
aud > cad
cad > chf
gbp > chf:

gbp > usd > chf

gbp(4); aud (3); usd (2-1); cad (2-2); jpy(-2); chf(-3); eur (-3);

UC:
buy at 1.0644;

GC:
buy at 1.5469;

GU:
buy at 1.4460

GJ:
buy at 130.00

1 week ending 26 December: +5.385%

1 week ending 19 December: -0.335%
1 week ending 12 December: +5.363%
1 week ending 5 December: -3.000%
1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

1 week ending 19 December: -0.335%

1 week ending 12 December: +5.363%
1 week ending 5 December: -3.000%
1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

1 week ending 12 December: +5.363%

1 week ending 5 December: -3.000%
1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

GJ:
Buy @ 133.00
Buy @ 129.50

This week again I was worried about missing good trades and then actually I entered a bad trades.

1 week ending 5 December: -3.000%
1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

E/J:
Buy at 117.40,

E/U:
Buy at 1.2452.
Higher support at 1.2751=>1.2760, which is H1 50% Fib.

A/J:
Buy at 57.16+0.09=57.25.

N/J:
Buy at 48.56+0.12=48.68

A/U:
Week O/C average(0.6359+0.6545)/2=0.6452, HL average=0.6423
Buy at 0.6452+0.05=0.6457

N/U:
Week O/C average 0.5433, HL average=0.5434
Buy at 0.5434+0.1=0.5444.

1 week ending 28 November: +6.615%
16 weeks ending 21 November: -1.303%

this week until now: +5.755%
16 weeks ending 21 November: -1.303%

this week until now: +4.189%
16 weeks ending 21 November: -1.303%

NU!!!
Buy at opening until touch the upper channel line!!!
Target 0.555. Changed to 0.54

GJ:
Buy at opening, TP 160.0.
Target 147, changed to 144.7.

??
GU:
Buy at opening without SL, TP 1.5249. SL in mind 1.4460.

16 weeks ending 21 November: -1.303%

1 week ending 21 November: +2.615%
1 week ending 14 November: +3.175%
1 week ending 7 November: -1.079%
4 weeks ending 31 October: -19.656%
2 weeks ending 3 October: -1.25%
7 weeks ending 19 September: +14.892%

this week until now: +6.001%
1 week ending 14 Novermber: +3.175%
1 week ending 7 November: -1.079%
4 weeks ending 31 October: -19.656%
2 week ending 3 October: -1.25%
7 weeks ending 19 September: +14.892%

GU:
buy @1.4510, SL 1.4460

Fibo, TL, round numbers are very good to make money. MACD has proved to be poor. In another word, price action is good, indicators are bad.

Do not set up more than 5 limit orders at a time.
Do not use H4 or lower time frames. Use D1 or longer time frames.

1 week ending 14 Novermber: +3.175%
1 week ending 7 November: -1.079%
4 weeks ending 31 October: -19.656%
2 week ending 3 October: -1.25%
7 weeks ending 19 September: +14.892%

GJ:
buy at 142.90, SL 138.60, TP 151.90.

EU:
Buy @ 1.2671, SL 1.2570, use anti-hedge stratege. Target 1.3298 and 1.3598.
(Sina SL 1.2650, Target 1.31)

GJ:
Sell @164.00, SL 164.30. Using anti-hedge stratege.
Buy stop @ 164.30, Target 179.00

AU:
Buy @0.65, SL 0.6270, Target 0.70.

1 week ending 7 November: -1.079%
4 weeks ending 31 October: -19.656%
1 week ending 3 October: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

MACD has proved to be very poor in making money. I don't think any other indicators would be better. By contrast, when I used Fib and TL I made some money.

Stick to Fib and TL again.

this week until now: +0.121%
4 weeks ending 31 October: -19.656%
1 week ending 3 October: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

AU:
buy at 0.6341, SL 0.6270, TL 0.67, 71/359
buy at 0.6025, SL 0.5970, TL 0.65, 55/475
0.6341 is 29/10 low. valid Tuesday night
0.6025 is 28/10 low, valid Friday night

EU:
sell at 1.2810, SL 1.29, TL 1.2650, 90/160.
1.2810 is 31/10 61.8 Fib. valid Monday night
sell because 30/10 and 31/10 candlestick bars

Sell stop: 1.2650, SL 1.2730, TL 1.2500. Reason: Break out. 80/150
valid Monday night
Sell limit: 1.33, SL 1.333, TL: 1.32. 30/130
Buy top: 1.333, SL 1.327, TL 1.35. 30/170

GU: 31/10 high and low 1.6419 and 1.6001
% should sell at 1.62, SL 1.65(?), TL 1.5760, 300/440.
% however, SL is too large. Change Sell at 1.63, SL 1.633. valid Monday night
sell stop at 1.5970, SL 1.6030, TL 1,5760, 60/210

4 weeks ending 31 October: -19.656%
*****
1 week ending 31 October: -3.614%
1 week ending 24 October: -17.039%
1 week ending 17 October: +1.499%
1 week ending 10 October: -0.502%
*****
1 week ending 3 October: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

1 week ending 24 Ocbober: -17.039%
1 week ending 17 October: +1.499%
1 week ending 10 October: -0.502%
1 week ending 3 October: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

this week until now: -7.285%

1 week ending 17 October: +1.499%
1 week ending 10 October: -0.502%
1 week ending 3 October: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

SL for buy orders, **70
SL for sell orders **30
buy limit sell limit **00.

this week until now: -1.000%

1 week ending 17 October: +1.499%
1 week ending 10 October: -0.502%
1 week ending 3 October: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

Daily good reversing signal to rise:
GU, NU, UJ.

Daily choppy reversing signal to rise:
EU, AU.

Daily choppy reversing signal to drop:
UC.

Not very clear:
UCa.

this week until now: +1.314%
1 week ending 10 October: -0.502%
1 week ending 3 October: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

UCa:
MACD H4 has a reversing signal to fall.

NU (GU):
H4 has a reversing signal to rise.

GU:
H4 has a reversing signal to rise, but MACD chart is choppy and not round at all. Daily has a doji bar. Look closely at Monday's bar to see if it closes above the doji.

EU, UC, AU have not had a reversing signal yet.

UJ:
Both H4 and D1 have reversing signal to rise.

This week I made several mistakes again.

1) I removed SL on G/U again! Furthermore I removed TP and didn't close the position within 24 hours again!
2) I should not have more than 3 pending position at a time!

this week ending 10 October: -0.502%, floating loss -7.506%
1 week ending 3 October: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

EU's doji on last Friday has been diseffecitve. UC and EU has the strongest signal of reversing. GU's open price has a reversing signal. NU, AU, UCa have not formed reversing signal yet.

this week until now: -5.6%
1 week ending 3 October: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

Today GJ move to 684 pips below S3 (180.87-174.03). Previous high and low are 188.50 184.66.
UJ move to 264 pips below S3 (102.86-100.22).
AU move to 611pips below S3 (0.7593-0.6982).

Last Friday I wrote

UCa:
UCa may bounce up. If so then it will produce several hundred pips potential profit. Buy limit at 1.0285.
Look closely MACD daily chart.

This week UCa rose by 509 pips. Unfortunately I totally forgot it and didn't look at the UCa MACD daily chart at all, and missed the trade.

Next week USD may dramatically drop down. EU has a rough doji daily bar. Wait for Monday's close to confirm. Look closely at MACD charts of EU, UC, GU and AU and wait for confirmation of a buying signal. All of them are expected to have a STRONG divergence signal on the daily MACD chart.

EU:
Buy @ 1.3510 (38.2% Fib Ext), SL 1.3480

UC:
Sell @1.1385, SL 1.1430, Expire 8 Oct 22:00.

this week: +5.829%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

I lost 2 trades in a row which are based on H4 Channel/TL. I will not use H4 Channel/TL as a signal any more.

By contrast, reversing large value MACD is a good signal.

this week until now +0.01%
1 week ending 26 September: -7.079%
7 weeks ending 19 September: +14.892%

I believe USD is going to rally in long term. However I need to learn lessons from trading of GJ. My predictions on GJ's downtrend was correct, however, I didn't make any money, but lost quite a lot money on GJ. The most direct reasons are, (1)I didn't use SL, and (2) the market had stayed irrational longer than I stayed solvent.

UCa:
UCa may bounce up. If so then it will have several hundred pips potential profit. Buy limit at 1.0285. Look closely MACD daily chart.

AU:
If UCa goes up, then AU should come down. But AU seems to have a bullish flag, while daily MACD shows it may drop down. Basically I believe it's more likeyly to drop down.
Sell at 0.8420? (target at 0.8170? )

EU:
Delete 213. Change 295 to sell at 1.4957, SL 1.5030.
Opinions of Wang Yang: Short term support is 1.4550 and 1.4500. If 1.4500 is not broken, EU still has chance to rise with oscillation. Besides the resistance at Monday's high 1.4867(orignial article is 1.4886), much stronger and more important resistance is 1.4900-1.4950. My own analysis shows the resistance is the 50% Fib at 1.4960.

UC:
Buy at 1.0720, SL 1.0620.

All the above pending orders should be re-considered in Tuesday evening.

this week: -7.079%
7 weeks ending 19 September: +14.892%

I made several mistakes in these two days.

1) I didn't do my homework during the weekend. There are clear signals on EU and GU weekly MACD charts which I have waited long. But I entered trades against the signals because I didn't do my homework and entered the trades in a ruch morning.

2) The prices I entered are reasonably well, which are at the critical R/S levels. But I didn't set the SL well. Particularly I removed the SL on E/U.

Follow the trend, use low leverage, stop losses, be peaceful.

EU:
sell @1.4957, SL 1.5060

GU:
sell @1.8799, SL 1.8850

this week until now: -8.25%
7 weeks ending 19 September: +14.892%

GJ:
1500 bars. The biggest difference of the highs above R3 is 228 pips. (2004.3.5). The previous day's H/L/C are 202.79, 200.79, 202.37. Although the day's close 206.85 is 167 pips higher than R3 205.18, and the next day's low 205.15 is only 3 pips lower than R3 205.18, there are 3 consecutive black bars with the 3rd bar bottomed at 199.24.

The biggest difference of the lows below S3 is 409 pips. (S32007.8.16). The next day's low expanded the difference to 626 pips. The next day's high make potential profit to be 342 pips. The previous day's H/L/C are 234.88, 230.89 and 230.90. The day's close 226.87 is 129 pips higher than S3 225.58.

this week: +7.972%, floating loss -2.14%
7 weeks ending 19 September: +14.892%

this week until now: +7.972%
6 weeks ending 12 September: +6.92%

NU:
Daily and H4 MACD still show a buy signal. However, weekly and monthly MACD show it may fall further.
Action:Buy 0.6535 (15/9 low), SL 0.6435. This SL is below the channel and can be reduced.

GJ:
buy at the lower channel 184.10. If the current open position closes with profit, change 847 to buy at 186.50. [and 456 to buy at 187.40 (15/9 low) ]

this week until now: +0.157%
6 weeks ending 12 September: +6.92%

MACD(5,13,1) gives the earliest signal compared with MA(5) and Gann(10). When the MACD values are relatively big/small and the time frame is higher than daily, it may be able to used as a signal.

NU:
Daily MACD has a buy signal. 0.6467 is 23.6% Fib of the last rise. However, weekly and monthly shows it may fall further.
Action:
Buy 0.6570, SL 0.6430. Maximum loss 140 pips.

this week: -3.892%
6 weeks ending 12 September: +6.92%

EU:
buy at 1.4035, SL 1.3970, maximum loss 65pips
buy at 1.3845, SL 1.3750, maximum loss 95pips

UC:
sell at 1.16, SL 1.17
buy at 1.1065 (38% Fibs), SL 1.0965

EG:
buy at 0.7900, SL 0.7850, maximum loss 50pips.

this week: +4.101%, floating loss -14.687%

6 weeks ending 12 September: +6.92%

My broker changed the policy, and I should check all the positions including pending positions and close them as necessary.

GU:
Support 1.75, 1.7420 (50% Fib), 1.7250 (previous low), 1.7050.
My orders planned on weekend were wonderful, but unfortunately I didn't set up them.

UC:
Sell limit 1.16 with SL 1.17.

GU:
Support 1.75, 1.7420 (50% Fib), 1.7250 (previous low), 1.7050.
Sell limit 1.79 (44 pips above R2) expires Monday evening, SL 1.80 (31 pips above R3).
Buy limit 1.7520 with size of 2, SL 1.7480.

UC:
Sell limit 1.12, change the SL from 1.13 to 1.125.
Add sell limit 1.13 with SL 1.135.

GJ:
GJ has a new low on Friday at 186.17 while the major support is 187.50 (38.2% Fib). Next support is 179.40.

EU:
EU has broken out down support 1.445 (TL) and 1.43 (previous low). The next support is 1.4125 (2007.10.22 low) and 1.4015 (2007.10.9 low).
Action:
Sell limit 1.4479, SL 1.4572. Buy limit 1.4020, SL 1.3920.

AU:
As James Chen said, 0.8000 has been served as R/S. Upper R and Lower S is 0.7680 and 0.8500.
Action:
Change current buy limit from 0.7682 to 0.8040, SL 0.7980. Look at the price. If it break down 0.7970, sell with target 0.7680.

UJ:
It is said UJ doesn't respect TLs or channels as good as other pairs. Friday it respected 105.5 support very well. Upper resistance is 108.50 and 110.60.
Sell if break out down 105.5.

I should not blindly listen to any other people, even "highly respected" professional traders!

this week: +0.426%
5 weeks ending 5 September: +2.819%

Lost -3.0% because of blindly listening to my "tutor". Otherwise
this week: +3.426%
5 weeks ending 5 September: +5.819%

My buy limit of AU at 0.8170 with SL 0.8070 was a bad trade. If I look at the monthly chart, I should look previous H/L within only last ~6 years.

GJ:
Next two supports are 189.50 (lowest since 2004) and 187.50 (61.8% Fib of the rise since 2000).

GJ(2): +0.442%
EG: -0.024%
UJ: -0.034%
AU: +0.9%
this week until now: +3.97%

4 weeks ending 29 August: +2.393%

GU(3): +1.6%
GU(2): +0.52%
EU: +0.06%
UC: +0.506%
this week until now: +2.686%

4 weeks ending 29 August: +2.393%

UJ:
UJ quite respects the 38.2% Fib 107.63 on the daily chart from 2008.5.22's low 102.73 to 2008.8.15's high 110.66. The next 50% Fib is 106.69. Daily TL shows support at ~106.8.
Today's S1 is 108.29. Single daily bar 61.8% Fib is 108.27. I have said I should not enter a trader based on a single daily bar. But as 108.50 is a strong S/R, I will enter this trade at this critical S/R.
Action:
Sell Limit at 108.25, SL 109.25. Buy limit 106.75, SL 105.75.

This week has been bad for me. In my memory I didn't lose money if I enter a trade at major S/R based on daily/weekly/monthly chart, but lost some money if the trades are based on a single daily bar (e.g. 61.8% Fib of a single daily bar).

SO I SHOULD ALWARYS ENTER TRADES AT MAJOR S/R BASED ON DAILY/WEEKLY/MONTHLY CHART!

EG:
Sell limit 0.8100, SL 0.8150.

UJ:
Likely to drop.
Sell stop 107.60, SL 108.8.

EU:
The weekly low TL shows the support of next week is 1.4464. The lows of last 3 weeks are 1.4658, 1.4629 and 1.4571. The projected low in next week is 1.4513 and 1.4455. These 2 supports are not as reliable as 1.4464.
Action:
Buy at 1.4515, SL 1.4364 (1.4464 - 100pips).

GU:
The first support 1.8312 has been effecitively broken. The second support 1.8021 is 23.6% from 2005.11 to the highest. The 3rd support 1.77** is a TL on the monthly chart. The 4th support 1.7428 is 50% Fib from 2001.6.
Action:
Sell stop: 1.8150, target 1.8030, SL 1.8250
Buy limit: 1.8030

GJ:
GJ bottomed at 197.60 and didn't quite respect 198.04 which is 23.6% Fib of the last rise from 2008.3.16.

this week: -3.108%
4 weeks ending 29 August: +2.392%

EU: +0.12%
GU: -2.49%
GJ: +0.091%
EU: +1.508%
EU: +0.72
UCa: -2.679%
EU: -1.53%
GJ(3): +0.349

It's better to miss a good trade rather than enter a bad trade!

GU:
The first support 1.8312 is 61.8% Fib from 2001.6's low to the highest. The second support 1.8021 is 23.6% from 2005.11 to the highest. The 3rd support 1.77** is a TL on the monthly chart. The 4th support 1.7428 is 50% Fib from 2001.6.
Action:
Already bought at 1.8320.

GJ:
GJ H1 is likely to close above Gann.
198.04 is 23.6% Fib of the last rise on daily chart. Buy at 198.15 with SL 197.15

UCa:
On monthly chart it's in a down channel.

this week until now: +0.803%
GU: +1.055%
UC: +0.073% (Low success rate trade. Long UC probably is not a good idea)

3 weeks ending 22 August: 19 out of 33 win. +5.5%

EU: Today has a higher high and higher low. Daily MACD shows a bullish divergence, but H4 seems to show a bearish divergence. Drawing 2 trend lines on a weekly chart from highs and lows after 2006.2.26 will find EU has broken down the upper TL. The lower TL shows the support will be 1.444-1.45. Lower support will be previous lows at 1.43. (James Chen support 1.4400-1.4450)
Action: (1) buy at 1.45, SL 1.43, target above 1.49; (2) buy at today's 61.8% (currently 1.4682+ spread (2) at 1.4687).

GU: Both H4 and daily MACD show bullish divergence. But today has a inside bar.

UC: Yesterday has a long upper shadow. Today has a lower high and lower low. However, on a daily or H4 chart, it's in a up channel. The trend is up but some retracement may happen.
Action: Sell at today's 61.8% which is 1.0972. (Closed)
Buy limit at the low TL/Channel at 1.0890, SL 1.08;
Sell stop at 1.078 with SL 1.088;
Sell limit at 1.11 with SL 1.125 (expect retracement).

UJ: Bearish and Sell.

AU: Daily MACD show bullish divergence. H4 is not clear. Today has a inside bar.

Yesterday I sticked to using a tightly TSL when I longed AU. The profit shrank from around 1.6% to 0.48%. A too tight TSL is NOT always good.

Statistically, the maximum TSL for GJ should be 400 + spread = 407 pips (8.13 low to 8.15 high). The second biggest TSL is 337 + spread = 344 pips.

For AU, the maximum TSL GJ may be 222 + spread = 225 pips (8.13 low to 8.21 high).

this week until now: -0.325%
EU: +0.2%
UC/AU/AU: +0.176%
UJ: +0.402%
AU: +0.48%

3 weeks ending 22 August: 19 out of 33 win. +5.5%

Monday open/close changes:
AU: -39 pips or -0.450%
EU: -36 pips or -0.24%;
GU: +10 pips or +0.054%;
UC: -34 pips or -0.309%

It's a pity that I closed my short of GU. The reasons that I closed my GU are 1) I saw a doji bar on daily chart; 2) Several pieces of importance news of USD will be released on Tuesday, and I was worried the news would be bad for the USD.

this week until now: -1.583%
GU(5): +0.71%
GU: +0.39%
AU: -1.399%
UC: +0.012%

3 weeks ending 22 August: 19 out of 33 win. +5.5%

A possible scenary described by lilmoe,
1) EU/GU down, GU down to 1.82 or 1.79, UJ sligthly up, bring GJ down to well below 192;
2) Then EU/GU starts correction (up), which means UJ down.

GU and EU have been stopped out with a loss. Short GU @ 1.8480 with + 0.44% profit.

GU: -1.219%
EU: -0.517%
GU: +0.44%

3 weeks ending 22 August: 19 out of 33 win. +5.5%

AU:
Friday is little bit bearish indicated by a very slighly lower high and a very slightly lower low. The long position should be closed at appropriate time, and try to open a short position. Friday's high/low 61.8% is 0.8745, open/close 61.8% is 0.8746, Monday's R1 is 0.8763.
Action: long position's TP @ 0.8740, Sell limit @0.8740/0.8760.

EU:
EU is not so bearish as AU. Friday has a lower high but a higher low.

GU:
GU seems to be even more bearish than AU with a much lower low. Friday's high/low 61.8% is 1.8675, open/close 61.8% is 1.8680, Monday's R1 is 1.8705.
Action: long position's TP @ 1.8670, Sell limit @1.8670/0.8700.

UC:
UC is exactly opposite AU. The short position should be closed. Friday's high/low 61.8% is 1.0914, open/close 61.8% is 1.0910, Monday's S1 is 1.0898.
Action: short position's TP @ 1.0917 + spread 4, Buy limit @1.0898/1.0917 + spread 4.

EG:
As GU is more bearish than EU, this means EG is likely to go up. This can confirmed from EG's H4, D1 and W1 charts. Friday's high/low 61.8% is 0.7948, open/close 61.8% is 0.7952, Monday's S1 is 0.7942. The target may be @ 0.8020, 0.8050, or the highest point 0.8098.

3 weeks ending 22 August: 19 out of 33 win. +5.5%, floating loss -1.762%
2 weeks ending 15 August: 10 out of 17 win. +3.158%.

Statistic of early exit positions:

8.21 UJ. I should have closed higher than 108.86 with minimum 36 pips profit but exited earlier with only 2.5 pips profit. +1.233% or more if not early exit
8.21 UCa. Exit because it touched major S/R. -14 pips if not early exit
8.20 EU: Exit because it touched major S/R. -37 pips if not early exit

Entry price: If previous daily bar is long, enter at 61.8% with possible confirming of pivot number S/R.

this week: 9 out of 16 win. +2.342%, floating loss -1.762%
EC +0.41%
EU +0.433%
GU -1%
2 weeks ending 15 August: 3.158%, 10 out of 17 win.

this week until now: +2.499%
UJ: +0.055%
UJ: +0.037%
UCa: +2.123%
EA: -0.557%
EU: +1.819%
UCa: -0.578%
GU: +0.04%
2 weeks ending 15 August: 3.158%, 10 out of 17 win.

I worried too much about missing a good trade. Given 12-14 pairs to trade, it's better miss a good trade rather than enter a bad trade.

When using a Fib of previous day's high/low or open/close as an entry price, use 61.8% rather than 31.2% or 50% Fib.

this week until now: -0.44%
GU +1.221%
EG +0.056%
2 weeks ending 15 August: 3.158%, 10 out of 17 win.

EU at critical point. Drawing TLs from highs and lows on weekly chart from 2006.5 will find it. However, both today's high and low are lower than yesterday. Wait for today's close is higher than yesterday to long.
EU support:
1.4566, 200% of last uptrend
1.4309-1.4364: previous weekly support
EU resistance:
1.4950-1.4980: previous resistance
1.5300: previous resistance
Forex DataSource predicted the "normal" trading range in next week is 1.4350-1.4800, and an“extreme”range 1.4000-1.4700.
James Chen thinks the S/R are 1.44/1.4960.

UJ support:
108.50
UJ resistance:
TL from 2008.3.17

GU support: G>U, up bias
1.8520, previous support, touched today (8.15) at 1.8511
1.8389, 1.8385, 1.8310: 50% from 2003.4.1 (2003.9.1) to 2007.11.1,
1.8303: 38.2% from 2001.6.1 to 2007.11.1
GU resistance:
1.8900: 76.4% temparory.
Forex DataSource predicted the "normal" trading range in next week is 1.82-1.87, and an “extreme” range 1.79-1.88.
Action:
Sell stop @1.8475, SL 1.8575.

this week until now: -1.717%
UC: -1.28%
2 weeks ending 15 August: 3.158%, 10 out of 17 win.

EU at critical point. Drawing TLs from highs and lows on weekly chart from 2006.5 will find it.
EU support:
1.4566, 200% of last uptrend
1.4309-1.4364: previous weekly support
EU resistance:
1.4950-1.4980: previous resistance
1.5300: previous resistance
Forex DataSource predicted the "normal" trading range in next week is 1.4350-1.4800, and an“extreme”range 1.4000-1.4700.
James Chen thinks the S/R are 1.44/1.4960.

UJ support:
108.50, previous resistance
UJ resistance:
currently 111.65, keep changing
114.50, previous resistance

EC support:
1.6000, previous support
EC resistance:
1.635, previous resistance
Action:
Sell @ 1.6126, which is 8.15 previous day's 23.6%, SL daily R1 and previous day's 61.8% 1.6174, TP 1.6000
Just touched the SL.
1) Should I sell at the resistance?
2) Should I sell @ the SL, i.e. R1 and previous day's 61.8%?

GJ support: GJ's weekly chart is incredibly reliable. Big changes have been made.
2008.3.16 to 2008.8. 10 TL: 202.72


UCa support: U>Ca, up bias
1.030, previous support
UCa resistance:
1.1038, cross of 50% Fib extention from 2007.11.4 to 2008.1.20, and weekly TL 2005.5 to 2007.2
Action:
Buy @ 1.0270, SL 1.020.

EC: -0.437%

Today I missed trading EC. I should have looked the major pairs every day. The major pairs should include EU(1), UJ(2), GU(3), UCa(4), EG(5), EC(6), EJ(7), UC(8), GJ(9), NU(10), AU(11), AN(12).

For confirm use, CaC(13, spread 8 pips), EA(14, spread 10 pips), EN(15, spread 12 pips).

EU support:
1.4566, 200% of last uptrend
1.4309-1.4364: previous weekly support
EU resistance:
1.4950-1.4980: previous resistance
1.5300: previous resistance
Forex DataSource predicted the "normal" trading range in next week is 1.4350-1.4800, and an“extreme”range 1.4000-1.4700.
James Chen thinks the S/R are 1.44/1.4960.

UJ support:
108.50, previous resistance
UJ resistance:
currently 111.65, keep changing
114.50, previous resistance

GU support: G>U, up bias
1.8520, previous support, touched today (8.15) at 1.8511
1.8389, 1.8385, 1.8310: 50% from 2003.4.1 (2003.9.1) to 2007.11.1,
1.8303: 38.2% from 2001.6.1 to 2007.11.1
GU resistance:
1.8900: 76.4% temparory.
Forex DataSource predicted the "normal" trading range in next week is 1.82-1.87, and an “extreme” range 1.79-1.88.
Action:
Sell stop @1.8475, SL 1.8575.

UCa support: U>Ca, up bias
1.0350, previous support
UCa resistance:
1.1038, cross of 50% Fib extention from 2007.11.4 to 2008.1.20, and weekly TL 2005.5 to 2007.2
Action:
Buy @ 1.0340, SL 1.0250.

EG support: E$<$G, down bias.
0.7689, previous support
0.7668, 61.8% Fib from 2008.2.14
0.7611, previous support
0.7580: previous support
0.7567, 76.4% Fib
Action:
Currently Sell @ 0.7920, SL 0.7950. Should change SL to 0.81

EC: E$<$C, down bias.

EJ:

EC support:
1.6000, previous support
EC resistance:
1.635, previous resistance
Action:
Sell @ 1.6126, which is 8.15 daily 76.4%, SL daily 38.2% 1.6174, TP 1.6000

UC resistance: U$<$C.
1.1006, 138.2% Fib of last up move.
1.1030
1.1100
Current SL 1.1015

GJ analysis:
201.45, 61.8% from 2008.3.17 to 2008.7.23
199.78, previous support
199.33, 123.6% from 2008.7.23 to 2008.8.13
198.07-198.42, previous support
198.04, 76.4% from 2008.3.17 to 2008.7.23.

NU: N>U, up bias. Current 0.7060. Spread 5 pips.
Action:
Buy @0.7026+spread=0.7031, target @ 0.74, SL 0.68

AU support: no bias. (recent lowest 0.8591)
0.8559: 50% Fib from 2006.6.25 to the highest
0.8511, previous support
0.8509: 61.8% Fib from 2007.3.4 to the highest
0.8505: 61.8% Fib from 2007.8.12 to the highest
0.8432: 50% Fib from 2006.3.26 to the highest
0.8403-0.8483; 0.8282; 0.8049.
0.8187: 76.4% from 2007.8.12 to 2008.7.13; TL 2006.3.26 low -2007.8.12 low;
AU resistance:
0.8874, 0.8888: 76.4% from 2008.7.22 (7.15) to 2008.8.13
Action: Buy @ 0.8520, SL 0.8410

AN support: A$<$N, down bias.
1.2120, previous support
1.2060-1.2070, previous resistance

Put them together, we have
G>U>Ca;
G>C>E;
N>U>Ca;
C>U>Ca;
N>A;

Based on the 4th equation, we should see a drop in CaC. When we look at the chart CaC, it can be seen that we just have 6 consecutive white daily bars. A retracement may happen early next week. But the chart also shows that the pair just rised through the upper TL for a potential further rise. If this happens, then the 4th equation is questionable, and C>U should be changed to U>C, and UC may rise further. In this case, the above 4 equations will be changed to,

G>U>Ca>C>E;
N>U>Ca>C>E;
N>A;

Action: Sell EN, UN,

AU +0.02%
GU:-1.299%
GU: 1.6%

this week ending 15 August: +1.789%, 7 out of 11 win, floating loss: -0.803%
the week ending 8 August: +1.369%, 3 out of 6 win.

Analysis:
GU support 1: 1.8619, just exactly touched. 61.8%, from 2005.11.1 to 2007.11.1
GU support 2: 1.8389, 1.8385, 1.8310: 50% from 2003.4.1 (2003.9.1) to 2007.11.1,
GU support 2: 1.8303: 38.2% from 2001.6.1 to 2007.11.1

AU resistance1: 0.8874, 0.8888: 76.4% from 2008.7.22 (7.15) to 2008.8.13
AU support: 0.8187: 76.4% from 2007.8.12 to 2008.8.13; TL 2006.3.26 low -2007.8.12 low
Other AU supports: 0.8617 (touched); 0.8403-0.8483; 0.8282; 0.8049.

TSL is not always better than a hard SL. Make a decision based on different situations.

GU: +1.62%
this week until now: +1.468%

I think it might be very difficult for GJ to fall below sub 200 in near future (by the end of next week?). G/U is very close to a strong suppport 1.85-1.86, while UJ has a strong support at 108.5. 1.85x108.5 is 200.72.

I did not trade well these two days. I didn't stick to my rules to let UJ run but closed it too early.
I caught a falling knife on AU. I used low-to-low 100 pips as a AU's SL, but that day AU dropped more than 100 pips from low to low.

EJ: -0.446%
AU: -0.57%
UJ: +0.092%

The GU trade (buy at 1.9045 with SL 1.8980) was based on the monthly Fibo chart. The starting point of Fibo may be chosen incorrectly. One calculated Fibo is 1.9040 and the other is 1.8983. I should have compared different starting and ending points to calculate the Fibo. Furthermore a 65 pips SL might be too tightly for a monthly chart.

One of EU's support 1.495 has been broken yesterday (closed below the support at 1.4893). The next support will be ~1.457. The time to hit the support is expected to be mid Ocbober.

Should closely look at GU.
GU: buy limit 1.8750, SL 1.8680

I closed EU and AU. GU's limit buy touched the SL.
EU: +0.1% (not a good trade. Should write reasons before entering a trade)
EU: +0.037%
AU: +1.285%
GU: -0.65%

The week ends 8 August: +1.369%

EU 1.4930 with SL of 1.4880 has proved to be a very good buying point. Unfortunately I missed the trade. It indicates that a support (or resistance) will be very reliable if it used to be a resistance (or support), and this previous R/S has been visited for 3-5 times in a Daily chart.

Both EU and AU, as well as GU, are quite interesting. Today's AU high (0.8952) is a 38.2% Fibo from last Friday close to open (0.8948), while Today's EU high (1.5083) is exactly at 23.6% Fibo from last Friday close to open (1.5083).

AU support: We have shown an AU support at 0.876~0.877 in one post on August 7. Stronger supports are at 0.8311~0.8432 and 0.80.
(1) 0.8311 is the cross point of a monthly TL from 2001.9.1 low to 2007.8.1 low, and 50% Fibo from 2004.6.1 low to 2008.7.1 high.
(2) 0.8432 is the cross point of a monthly TL from 2001.9.1 low to 2007.8.1 low, and 50% Fibo from 2006.3.1 low to 2008.7.1 high.
(3)0.80 is the resitance in monthly chart.

I am a seller of EU @1.4880 and seller of AU @0.8901. They are in -0.24% and +0.70% profit now.

EU has dropped through the 1.5260 level and bottomed at 1.4997. The next support levels are ~1.495 and ~1.457


Regarding GU, we already have 6 consecutive black daily bars. This happened 76 times in last 1000 days. Among the 76 time, the 7th daily bar changed to white is 40 times or 52.63%, while 36 times we still get another black daily bar (47.37%).


My trading plan:
EU: sell @1.5320(previous support), SL 1.5400;
or sell @1.5250(daily chart downtrend Fibo 76.4% 1.5243), SL 1.5400;
or buy @1.4930, SL 1.4880 (CT trade?);
GU: buy @1.9045, SL 1.8980 (CT trade?)
UJ: buy @108.50, SL 106.50
AU: sell @0.9200, SL 0.9300

Weekly overview:
AU: -0.37%
UJ: -0.55%
EU: -1.416%
UJ: +0.49%
EU: +0.82%
AU: +2.395%

Total: +1.369%
Although I made some profits from selling EU, I entried the market too late. I should have sold from some 30 pips below the lowest previous support 1.5284, i.e. 1.5250, instead my 1.5100, and thus should have made 150 more pips.

In other words, I should have sold at the exactly same time when I lost my long position at my SL point 1.5250.

Some good
websites:
http://www.candlesticker.com/

EU buy @1.5364. At 22:00 loss -42pips. Reason for buy is Fibos, which are not as reliable as TLs. Better to use Fibos confirmed by TLs.

Aussie did not pause @0.9022, but @0.9064. H1 and H4 show bullish divergence. Weekly uptrend Fibo chart shows that the next support could be 0.8766.

Daily downtrend Fibo chart shows that the next support could be 0.8786.

Summary: Sell @0.9126, SL 0.9188. At 22:00 +61 pips.

UJ: Yesterday's long position from 108.19 was stopped out @ 109.19. Now buy @ 109.37, SL 108.30. At 22:00 +6pips.

Summary: I believe 0.9018-0.9022 would be the target. Long from there.




UJ loss 60 pips, 0.55%. Weekly TL not correct? The real reason should be that 108.50-108.60 serves as a resistance/support, and it was broken.

New UJ chart

EU: 3 entry points: long @ 1.5389, 1.5359, 1.5351. Reasons: Daily TL, Daily Fibo.