Search results

  1. coachfx

    CoachFX Trades

    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.
  2. coachfx

    CoachFX Trades

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

    CoachFX Trades

    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.
  4. coachfx

    CoachFX Trades

    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.
  5. coachfx

    CoachFX Trades

    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...
  6. coachfx

    CoachFX Trades

    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...
  7. coachfx

    CoachFX Trades

    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...
  8. coachfx

    CoachFX Trades

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

    CoachFX Trades

    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...
  10. coachfx

    CoachFX Trades

    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.
  11. coachfx

    CoachFX Trades

    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...
  12. coachfx

    When has the market finished correcting?

    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...
  13. coachfx

    CoachFX Trades

    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...
  14. coachfx

    CoachFX Trades

    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...
  15. coachfx

    CoachFX Trades

    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...
  16. coachfx

    CoachFX Trades

    Hi, Yash. Thanks for sharing your chart. I'm not quite sure how you plan on entering the Eur/Usd. To me, it looks like a break of the lows of the inside bar today would be the way to go. For me personally I prefer signals to be rejecting the 20EMA zone. Please let me know if you take a trade and...
  17. coachfx

    CoachFX Trades

    An alert just went off giving me an opportunity to post up the only live trade I'm in at the moment. WTI Crude oil has been in a nice downtrend for some time. A large entry signal presented itself with a strong close. This is a good example of getting that 50% retracement for logical reasons...
  18. coachfx

    CoachFX Trades

    Cheers Ryan. Nothing has caught my eye in the markets yet so I finally got around to charting up a recent trade. The USD/CAD was in a killer uptrend recently and after reviewing the market summary a couple of times it had was on my radar. This is definitely a trade I would have missed out on...
  19. coachfx

    CoachFX Trades

    So here is the last trade I took. It was the Aud/Jpy pair. The candle closed strongly and price was now below a support level I had marked off. A nice 1:2 R result. (apologies if I didn't insert the chart correctly)
  20. coachfx

    CoachFX Trades

    For some time now I wanted to document the trades I take and I thought this would be a great place to do it and show how I use the PA protocol method of trading. I try to keep trading as simple as possible so I only trade the daily charts and I place a lot of emphasis on candle close. A strong...
Top