Hendrik Trading journal

[HENDRIK]

BREAKOUT
euro successfully broke pivot and the supoort of 1.3655
took a short at 1.3651
target is S1 at 1.3584
this trade is not going anywhere closed for 36 pips

[HENDRIK]

chart is self explanetory did exceed the resistance at 1.3666
took two shorts at 1.3635 & 3614
move sl to b/e on 1st order
targets are 3570.60 latter being the 100% fib should that break I'm looking at 127%=3534
Now this was a poor signal maybe poor judgement on my part ... Should have taken profit on the 1st target
luckily I had sl in place 1st trade taken for +22 pips & 2nd trade for +1 pips

In my opinion we have a bearish wedge or triangle
I'm looking for a break & a pull back (if my patience can stand it)

it broke the bearish triangle I took a short at 1.60045 with a tight sl target is 5940
took my b/e sl
looking for a pull back

[HENDRIK]

PuLL BACK ON CABLE
not a classic one but nevertheless
short again at 1.59956 target 5935 for 60 pips

I was having a cold one when the the market spiked I was obviously too slow to adjust the tp
well 60 pips in the bag

[HENDRIK]

EURO: TRADING THE COLLAPSE OF THE TREND
Pivot seemed to be a good resistance
short at 1.3507
short at 1.3469 this one I took at the break of the bottom range line The mistake that I made was not to wait for a confirmation candle. So I double the top order to get out trouble
target is 3445
price reached the 100% fib so I'm satisfied with my top entry but intended to watch the 8:30 news as it happened my attention was diverted but manage to close the trades with profit of 20 pips
top 29+ bottom -9

BEAUTIFUL DOUBLE TOP ON AUSSIE M15
price pierced pivot and furtunately bounced off the pivot
short at 0.97851 sl to b/e
targets are 100% fib =0.97485; 127% = 0.97360; 1.414% = .97290 and maybe if I'm lucky 161%>
well ....this was only a dream 2 nice red bars up to 20 pips and then a big blue that took my b/e sl
aaaag ja it's not all double tops that work out

[HENDRIK]

TRADING DOUBLE TOP ON GBP H1
all three euro, gbp & aussie reached resistance
short at 1.5907 (not the best of entries though) I'll soon move sl to b/e
AND AGAIN THE GBP OUTRUN THE OTHER TWO
target is S1
price just spiked took sl -10

[HENDRIK]

CABLE: TRADING THE DAILY FOR LONG TERM AND WILL ADD TO MY POSITION AS IT MOVES UP
it broke the 5950 resistance
long at 1.59677 will soon move sl to b/e
targets 6030 and ultimately 6200
at 50 pips sl to b/e
if the Irish debt crisis does not sink me then I'm looking forward to a good trade.

added to my position long at 1.60123 shot up to 34 pips sl to b/e
blue lines are resistance lines

[HENDRIK]

UPDATE ON GBP AND IT'S FRIDAY

My 2 order sl was taken by 1 pip so this morning I was as I left about 35 pips on the table
So right on the today's opening price I put another
long at 1.60498 and the price will shortly be attacking the upper band of the previous bearish trend line as well as the resistance at 6085
YET again sl at d/e was taken and I missed the opportunity to enter again at the 38.2 fib
it broke and bounced off the 3rd resistance and the upper band of the bearich trend line
looking for a fresh second entry
as according to the autotrend indicator the short term trend is now bullish
I'm a bit sceptic as it's Friday as Mark warned

Ja! my fears for bad news re Ireland Portugal became true; my 1st order had 126 pips ... so the fundies caused me my b/e sl. Oh well its was a nice exercise.

[HENDRIK]

NOTE THE DOUBLE TOP
Gbp just pierced R1 broke thtough the prev resistance now support of 6054
should pivot at 6004 pose no threat then 5950 at the next support might be a good target
Pivot and the support of 6010 posed to much for the price action closed for 33 pips at 6019. As the volatility got me scared. I was wrong about the sentiment of cable

it proved that I was wrong in closing the order and short again at pivot 6004 and looking forward to 5950
open short at 59774
target was reached but I neglected to put in my TP so I closed for 42 + 14 pips
total for the day 89 pips

[HENDRIK]

BEARISH HARAMI PATTERN ON EURO

short at 1.35546 target hopefully 3490
looking to add to my position
And so I did at 35546
Price reach the target.I felt like letting it go but the pattern of the zig zag on M1 got me worried
closed the trade s for a total of 108 pips

[HENDRIK]

Price bounced off S2
long at 57144 target 5750
looking to short from pivot
sl to b/e
Quickly closed trade for 13 pips as it is Friday and M5 retraced very fast my point of entry was to high