KD Trades

Discussion in 'Trade Journals - Show us your Candlesticks!' started by Kooyar, Feb 20, 2016.

  1. Sanjay

    Sanjay Forum Newbie

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    Nice setups Koyar.....All the best. What is your advise on USDCAD set up, this have completed 100% retracement and then started bearish...need your advise
     
  2. Kooyar

    Kooyar TFG Forum Junkie

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    Thanks Sanjay. Well, I don't have any advice but I can share my thought on this.
    In my opinion, after yesterday's strong bullish candle, the likelihood of an uptrend is high. It is very normal that the price comes down to 1.3123 first and then start continuation of the current uptrend.

    USDCAD.JPG

    I made a mistake yesterday to open a sell position on USD/CAD right after a strong daily bullish candle and the result was that the position closed by stoploss.

    Capture-Mistake.JPG
     
  3. Sanjay

    Sanjay Forum Newbie

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    Hai Kooyar, Thanks for sharing your thoughts. Even I have made the same mistake with usdcad
     
  4. Sanjay

    Sanjay Forum Newbie

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    hai koyar, what is your view on NZDCAD shorting....it reached weekly and monthly sell zone
     
  5. Kooyar

    Kooyar TFG Forum Junkie

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    Personally, I don't consider shorting NZDCAD at the moment as there is no clear sign of uptrend reversal. To me, it can be very risky. Daily, weekly and monthly charts are all showing an uptrend at this moment.

    NZDCAD-W.JPG

    nzdcad-D.JPG
     
  6. Jacobs4x

    Jacobs4x Forum Newbie

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    Hey Kooyar, did you manage to take profit and get out of the USD/JPY ? From looking at your charts if you set a 1:3 risk to reward you would have hit it (only just)
     
  7. Kooyar

    Kooyar TFG Forum Junkie

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    You're right but unfortunately I hadn't set the tp and when I had woke up the next day, the price back down very fast. So, I still have this trade open. I'll post the result once I did close it.
     
  8. Sanjay

    Sanjay Forum Newbie

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    thx koyar for ur views
     
  9. Kooyar

    Kooyar TFG Forum Junkie

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    You're welcome. Wish you good luck in your trading.
     
  10. Kooyar

    Kooyar TFG Forum Junkie

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    USD/JPY is getting tricky. I did re-evaluate the situation before the market closed to make a decision on whether I should close the position with few pips gain or I should keep it open for next week. Finally, came to the conclusion that am going to keep it open for the week with full of important news. See my evaluation in the weekly chart.

    Update1-20160916.JPG
     
  11. Sanjay

    Sanjay Forum Newbie

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    Nice evaluvation kooyar. All the best.
    Any new setup eying for next week, what is your view on gold, short or long. if yes what will be the best entry point.

    Also NZDCAD is showing daily bearish, but don't think very strong, since weekly is still bullish
     
  12. Kooyar

    Kooyar TFG Forum Junkie

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    Thanks Sanjay. I wish you profitable trades in the coming days as well.

    Actually, I am not following any other pairs for the time being as I've two positions open and am not willing to add any other position till at least one of them get closed.

    Regarding to the gold, I put my views in the charts. Overall, I'm more bearish on gold at this moment unless I see a strong bullish sign. I did draw a recent trend direction as well to show that this view is against the current weekly trend which can make it riskier in my opinion. Similar to my current USD/JPY position. But, I also think that with a good risk management, these trades can be exercised with peace of mind.

    Weekly-Sep17.JPG

    4h-Sep17.JPG
     
  13. Sanjay

    Sanjay Forum Newbie

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    Thank you so much for your views and explanations
     
  14. dgreat91

    dgreat91 Forum Newbie

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    Whats your opinions on CAD/JPY daily? Its approaching a historical support level and being squeezed downwards. I have a buy order set at 77.000.

    What do you guys reckon is that a good reading of the chart?

    Been trading for 2 weeks so im a newbie
     

    Attached Files:

  15. Kooyar

    Kooyar TFG Forum Junkie

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    This is just my opinion, doesn't mean that you are wrong. What I see in the chart of CAD/JPY is that the recent trend is downtrend. I am more a fan of selling in this type of setup. I think if the price retrace back up( The 4H chart shows that the price will likely go up for some time) and then start showing a strong bearish sign then, it can be an opportunity to short the pair.
     
  16. Kooyar

    Kooyar TFG Forum Junkie

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    Result for the USD/JPY position

    Capture-Final Result-20160921.JPG
     
  17. Kooyar

    Kooyar TFG Forum Junkie

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    My new sell position.

    Capture-D.JPG
     
  18. Sanjay

    Sanjay Forum Newbie

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    good luck brother
     
  19. Kooyar

    Kooyar TFG Forum Junkie

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    Thanks Sanjay.

    Below is my update on the GBP/NZD position.

    Update-20160923.JPG
     
  20. Kooyar

    Kooyar TFG Forum Junkie

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    I thought this might be interesting to share... My interpretation from candles and kind of lessons learned for myself.

    Interpretation.JPG
     

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