alexfosterski

alexfosterski

Trade Analysis Reason For Entry: - Rejection of daily descending trend line - Rejection of 4H resistance - Broken 4H ascending trend line - Double top pattern Reason For Target: - Bottom of the trend - Daily lows

alexfosterski

Trade Analysis Reason For Entry: - Rejection daily descending trend line - Rejection 0.618 Fib level - Broken 1H ascending trend line - Double top candle pattern - Overvalued GBP biasReason For Stop-loss: Reason For Target: - Daily lows - Expecting to swing trade with this position

alexfosterski

Trade Analysis Reason For Entry: - Rejection of 1H resistance - Broken ascending channel - Broken 1H ascending trend line - Outer 0.618 Fib - Inner 0.618 Fib Reason For Stop-loss: - Above previous highs - Above 4H resistance - Above 4h channel Reason For Target: - Targetting 4H lows

alexfosterski

Trade Analysis - Rejection 1H descending trend line - Broken 1H ascending trend line - Rejection of 1H resistance - Outer 0.618 Fib - Inner 0.50 Fib Reason For Stop-loss: - Above 1H resistance - Above 1H descending trend line Reason For Target: - 4H lows Trade Management: - Sell limit

alexfosterski

Trade Analysis Reason For Entry: - Rejection of strong 1H descending trend line - Broken 1H ascending trend line - Rejection of 1H resistance - Outer 0.618 Fib - Inner 0.50 Fib Reason For Stop-loss: - Above 1H resistance - Above 1H descending trend line Reason For Target: - 4H lows Trade Management: - Market execution

alexfosterski

Trade Analysis Reason For Entry: - 4H head & Shoulder pattern - Break of 1H ascending trend line - 1H lower highs being printed - 61.8 fib retarcement on 15M - Bounce off 1H resistance Reason For Stop-loss: -Very tight SL above previous high Reason For Target: - 4H lows

alexfosterski

Trade Analysis Reason For Entry: - Rejection of strong 4H resistance - Break of 15M trend line - Retrace back to resistance - Retrace to 61.8 Fib - Tweezer top candles on 15M Reason For Stop-loss: - Above strong resistance - Above previous high with buffer - Above 4H resistance Reason For Target: - Bottom of 15M trend

alexfosterski

Trade Management: - After a brilliant entry and a fall of 15 pips in the right direction, I decided to leave the stop loss in its original position instead of moving it to break even giving this trade room to breathe. - Unfortunately, the plan was to bring SL to entry once we had seen a further descent to the downside as there was strong NZD data out overnight so...

alexfosterski

Trade Management: - After a very bumpy start to this trade with huge wick rejections from the downside, I decided to hold this trade as my analysis still lined up with the short. - After hours of frustration and indecision candles price finally made a push to the downside 10 pips, originally I brought SL to breakeven due to what the candles had been doing prior...

alexfosterski

Trade Analysis Reason For Entry: - 4H head & Shoulders - Bounce & continuation of 1H descending trend line - 61.8 Fib retracement - Bounce off of 1H resistance - Shorted on top of right shoulder on H&S pattern 1H Reason For Stop-loss: - Above 1H descending trend lien - Above strong resistance 1H & 4H Reason For Target: - 4H lows

alexfosterski

Trade Analysis Reason For Entry: - Beak of 15M ascending trend line - Strong 15M head and shoulders - 61.8 Fib level - Bounce off string resistance Reason For Stop-loss: - Tight Sl above previous higher low - Above right shoulder on H&S pattern - Inside 15m ascending trend line Reason For Target: - 4H lows

alexfosterski

Trade Analysis Reason For Entry: - The brake of 1H ascending trendline - The brake of 20 EMA - Head and shoulder pattern - Bounce off of 1H resistance - .382 Fib retracement Reason For Stop-loss: - Above the head of head and shoulder pattern - Inside ascending 1H trendline - Above 1H resistance Reason For Target: - Targetting lows

alexfosterski

Reason For Entry - The brake of 4H trendline - A retest of 1H resistance - .5 Fib retracement Reason For SL - Above highs - Inside 4H trendline - Above strong resistance Target - Targetting previous lows Comment - This trade I had lined up since the market close on Friday, however, I never placed an order to enter as I wanted to see where market open. -...

alexfosterski

Trade Management - SL was moved to break-even. - Sl was moved into profit as we fell further towards the target. Journal - After being taken out of AU & GU at breakeven earlier this week I adjusted my trading strategy so that when the price is going in the right direction I would slowly move SL into profit in order to maximize the chances of securing profit. -...

alexfosterski

Reason For Entry -Bounce off of 1H descending trendline - Bounce off of 618 Fib - Bounce off of 1H resistance Reason For SL - Above descending trendline - Above swing highs Reason For TP - Targetting daily lows

alexfosterski

Trade Management - Stop-loss to breakeven Journal - Similar scenario to GU on this trade, we were taken out at breakeven which can be seen as a positive as we got the direction wrong. - We would be sat in a 2% drawdown and despite not hitting stop loss at least capital is being protected which is very important in my style of trading. - Again like GU we were...

alexfosterski

Trade Management -SL to break even at 3o pips Journal -In Yesterday's GBPUSD trade we were unfortunately taken out at breakeven with no profit secured. We got the direction incorrect on this trade so a positive I can take from this is that I am glad I stuck to my trading plan bringing SL to breakeven or we would be sat in drawdown and capital would've been at...

alexfosterski

Reason For Entry - Double top candle pattern on 4H - Pin bar candle on the 4H - Bearish momentum candles (bearish engulfing) 4H - Bounce and retest of descending trendline 4H - Brokenb ascending trendline 1H Reason For SL - Above descending trendline - Above resistance Reason For Target - Targetting previous lows