Recent content by coachfx

I like the daily swing level the eur/usd rejected last week. Just got filled at 50% retracement. Let's see how this pans out.

Let's see if we can tag a 50% retracement entry from this large signal generated last week on the Aud/Nzd pair.

AUD-NZD started a bullish reversal and so the trade was exited at the daily close yesterday for a net profit of 1:1R. Onto to the next one.

The Aud/Nzd is continuing it's move lower and throwing up some more bearish signals. Still in this one and now that price has hit 1:3 on my remaining risk free position I'm looking for a bullish signal to exit the trade. Let's hope there is further downward movement before then.

An excellent an end to a solid week. The Aud/Nzd pair produced a bearish rejection bar and I'm using split money management on this one because we are trading into market lows. Because of the strong close to the signal I was confident of bearish follow through with the trend. As 1:1R has been...

The Eur/Aud continued its move down and ticked off a lot of boxes for me to take a short trade. A large rejection bar with a strong close. Entry at market open with an aggressive stop just above the previous day's lower wick. Price closed at exactly 1:3R and the lower wick was large enough for...

Last week ended with a nice 1:1R result taken from the Eur/Aud pair. I decided to use an aggressive stop just over the previous candle high and with a strong entry signal I was hoping for a greater push lower but decided to close out the trade at the daily close seeing that lower rejection on...

Stopped out for a break even result on the Eur-Jpy. Onto the next trade.

A holiday here in the US but the markets keep on churning. And we're off to a great start this week. The Eur/Jpy pair had reached an interesting weekly level at the end of last week and threw up an inside bar with a bearish body at the end of the week. Now for me, a lot of factors lined up...

Interesting difference in broker feeds. Mine comes from FXCM here in the US. I don't really hold onto trades over holiday weekends... I've been burned too many times watching profits evaporate after a long weekend gap up/down. There's always another trade around the corner.

A nice end to the week for me. The only setup I took closed out at the daily close yesterday when I saw some lower rejection along with the fact that we have a three day weekend here in the US so I'd prefer to be flat. Momentum was to the downside for the AUD-NZD pair. An inside bar formed...

That's a good question Mark. I'm not sure it's possible to work out when a market has completed a correction because you are essentially always taking a trade against current momentum (short trend - long correction - short signal against the correction). Over the years I've found it's easy to...

Hi tjenarvi, The checklist is just a few takeaways from the price action protocol. I just place a lot of emphasis on candle close as a guide to signal entry and exits based on price action. I've been trading for a long time now but I would say this particular checklist I've used for about 2...

A very slow period in the market at the moment. It's at times like these that in the past I've chased/forced trades on lower (than daily) timeframes. More often than not, my checklist for taking a trade has saved me from a bad entry! Look at price action: 1. Market Trend? 2. Daily price level...

No entries for me to start this week off so I thought I'd check up on last week's trades. Crude Oil reversed higher and took my stop level out so that was a breakeven result and then to end last week I closed out the AUD/USD short trade that I believe was chart of the day. The entry signal was...