27/03/2015: Long USD/NOK

After the recent move down, price has formed a bullish pin bar (fat body though) on an old resistance zone which is formed by price peaks from Decmeber 2015 and January 2015. This bullish pin bar indicates a potential new move upwards. Entered this long setup with a buy stop order for a 1:2 risk-to-reward ratio. 20150327_USDNOKDaily

27/03/2015: Long AUD/CHF – 27/03/2015: Closed (Loss)

Price has been moving upward since the anouncment of the Swiss National Bank, retracing approximately half of the crash move. Price has moves lower recently and formed a bullish pinbar on an old short term resistance level (lower red line) which indicates a rejection of price moving lower and a potential upmove. Entered a long trade with a buy stop order for a 1:2 risk-to-reward ratio.
20150327_AUDCHFDaily

Update (27/03/2015): SL got hit, trade closed with a 1R loss.

26/3/2015: Short USD/CHF – 26/03/2015: Closed (Loss)

Price has retraced almost the whole crash move due to the SNB anouncement, however the sentiment has been bearish the last few days. The candles of 24/3 and 25/3 formed an inside bar pattern which indicates a pause in the down move. Entered a short trade with a sell stop order, aiming for a 1:2 risk-to-reward profit.
20150326_USDCHFDailyUpdate (26/03/2015): SL got hit: 1R loss.

25/03/2015: Long XAG/USD (silver) – 30/3/2015: Closed (Loss)

The price of silver showed very strong bullish momentum the last few days. The candles of 23/3 and 24/3 form a inside day pattern which indicates a pause in the strong upward move. Entered a long trade with a buy stop order at the high of the mother bar and the SL just below the low of the inside day bar, aiming for a 1:2 risk-to-reward profit.
20150325_XAGUSDDailyUpdate (30/3/2015): SL got hit, trade closed with a 1R loss.

25/03/2015: Short AUD/USD

The AUD/USD has experienced a lot of bearish sentiment the last few months and price is ranging since the end of January. The candle of 24/3 has a long upward tail which indicates failure of price breaking through the high of mid term high around 0.7912. The candle is not a pinbar, but a indecision candle also known as a doji. Entered this bearish setup (overall bearish sentiment) with a sell stop order for 1:2 risk-to-reward trade.20150326_AUDUSDDaily

18/03/2015: Long GBP/NZD – 18/03/2015: Closed (Loss)

The pair has made a strong move upwards in the second half of January. After this period of bullish sentiment, the price has moved slightly downwards. The candles of yesterday and the day before are pinbars which show rejection of price falling below the support of 4-5 March. A new bullish move towards the highs of last months is expected. Entered a long trade with a buy stop order at the highs of the pinbars and a SL just below the low of the pinbars aiming for a 2R profit.

20150318_GBPNZDDaily

Update (18/03/2015): SL got hit, trade closed with a 1R loss.

04/03/2015: Long XPD/USD (Palladium) – 10/03/2015: Closed (Loss)

After breaking through the December-January highs, price printed a inside bar setup on the chart (2/3/2015 = motherbar). Entered a long position with a buy limit order. SL is placed slightly below the low of the motherbar and the TP is placed just below the low of 21/8/2014 for a 1:3 risk-to-reward ratio.20150309_XPDUSDDaily

Update (10/03/2015): SL got hit, trade closed with a 1R loss.

27/02/2015: Short XAG/USD (Silver) – 11/03/2015: Closed (Win)

Last Thursday, price formed a nice pin bar at an old support (= new resistance) level. Entered with a sell limit order for 1:2 risk-to-reward trade. SL is placed slighty above the high of the pinbar and the TP is set at the December 2014 lows. 20150301_XAGUSDDaily

Update (11/03/2015): trade closed at TP (+2R).