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DAY 7 - EURAUD TRADE UPDATE

Today, we have seen volatile moves on GBP Pairs. These types of moves are always on the cards when major developments are expected to occur for a Country's economy. Under current circumstances GBP remain one of the most riskiest currency to trade, as such I would not be trading it for the next few months.
On the other hand, my first trade of the contest month closed today with 150 pips in profit. EURAUD buy trade was entered at important support level at 1.4593 with take profit target the opposi…
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k_morocco avatar

nice trade , good luck with the contest

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DAY 13 - USDJPY & AUDUSD TRADES UPDATE

"Education does not end in school. To be successful in life or trading we must never stop learning. The market and the world are constantly advancing and changing and the only way to keep up is to keep learning"

Couple of trades entered on Wednesday, one closed at breakeven and another with 68 pips in profit. Here are trade reasons:
Trade 1 - USDJPY entered a buy limit order at H1 demand zone with around 100 pips stop loss and 200 pips take profit target. There was immediate reaction from the zo…
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DAY 28 - USDCAD & EURCAD TRADES UPDATE

Couple of trades triggered this morning and both closed with nice profit. The trade was entered on retest of Daily demand zone on USDCAD & EURCAD.
The general trend remain bullish, as price continues to make higher highs and higher lows on USDCAD and EURCAD often follows USDCAD, so entered both trades with maximum lot size. Stop Loss and Take Profit was set at logical levels, but decided to cut off trade as price approached important resistance level.
USDCAD +54 Pips Profit
EURCAD +79 Pips Profit
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DAY 22 - TRADES UPDATE

Finally opened couple of trades yesterday in trader contest account. First one was EURUSD sell limit order based on retracement to Daily Supply Zone. Stop loss was placed above the bearish bar and take profit target was set at last demand level. However, closed trade little higher than my planned take profit due to weekend leverage. Final trade result +106 pips.
Second trade was EURAUD sell limit order at H4 supply zone. There was some initial bearish reaction within the zone, however buyers wer…
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DAY 2 - EURAUD & EURCAD TRADE UPDATE

Couple of trades triggered today. Average risk per trade is around 5K.
First trade was sell limit order on EURAUD at H1 Supply Zone + SR Level. There was some bearish reaction at this zone, however the supply zone got consumed and price went higher and hit my stop loss, so -60 pips on this trade. Final trade result -5K (-1R)
Second trade was also sell limit order on EURCAD at H4 Supply Zone + SR Level. There was impulsive selling from this zone and price is currently around +100 pips in profit. …
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DAY 28 - USDCAD & EURCAD TRADE UPDATE

Couple of traders closed yesterday with nice take profit. Both USDCAD & EURCAD trade taken at 4 hour important demand zones with take profit targets set at opposing supply. Stop loss were set below the next support level.
However, trades were closed before take profit target was reached due to last trading day of the week.
USDCAD +122 Pips
EURCAD +72 Pips
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DAY 5 - EURNZD TRADE UPDATE

First trade of the month EURNZD short trade triggered last night and closed today with +190 pips. The trade was taken at Daily supply zone plus in past this level reacted both as support and resistance, so decided to short it with stop loss above the supply zone. Initial take profit was set lower, but decided to close trade as price was approaching import SR level.
Tomorrow being NFP day lot of whipsaw price action is expected, as such I would be on sidelines and will wait for the dust to settle…
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DAY 22 - GBPAUD & EURAUD TRADES UPDATE

"Keep your ego & emotions aside and then analyze charts and you will see it from different perspective. It doesn't matter whether you missed a trade or you win or lose. Observe price action, make your notes and prepare yourself for the next opportunity. Study every day with the aim of being better today than you were yesterday."

Couple of trades triggered this week and both closed in good profit. It's been an eventful couple of weeks for me and current equity is around 281K
Both GBPAUD & EURAUD…
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DAY 15 - TRADES UPDATE

Couple of trades triggered this week and both closed today in profit. First trade was USDCAD which was entered at higher time frame demand zone with lower time frame bullish price action. Take profit was set much higher but decided to close trade with +122 pips due to Friday and there is an important meeting scheduled for Sunday in Doha with regards to Oil Production. As such plenty of whipsaw price action expected when Markets open on Monday.
Second trade was GBPAUD, this trade was also taken a…
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DAY 10 - GBPJPY TRADE UPDATE

Entered a trade on GBPJPY today at 1 hour supply zone. Was expecting some bearish reaction from this zone, but GBPUSD was flying today and USDJPY hardly moved and as a result price broke out the supply zone with force and hit my stop loss. Didn't lost much on this trade as the trade size was around 2 Million so around 13K lost on this trade and the balance is back around 100K.
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