First post election trades

The days leading up to the election and after the shocking news that Donald Trump will now be the next president of the United States, we all saw USD pairs go wild. Descending hundreds of pips on each pair to shortly ascend back to even or even surpass price before the election.

Even with all this craziness the day of and after election day, the markets went back to doing what they do. It was interesting to see how each of the different markets reacted but in time we will see the real effect of the Presidential election.

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Late night entry using my new friend Ichimoku and QB together

I may have discovered a diamond in the rough for my trading style. After seeing a possible trade setup for the QB strategy, I went to twitter to see if any one else was tweeting about it. I guess I found a user on tradingview.com going in on the same setup but utilizing this crazy looking spiderweb/cloud/smoke looking 4H chart. I was completely taken away as to what the hell was going that I neeeeeded to research what the hell was actually going on. Would you just look at it?!

EURAUD H4 (11-08-2016 0941).png

How in the hell do you one day just make that up?! I pity that person who has no clue how to read any of whats going on in this picture. Luckily, it’s pretty simple if you’re familiar with each individual element.

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2 trades going into the weekend

So, Friday showed up and I was sick as a dog. Regardless, I hit the markets to look for some signals to enter. I honestly didn’t put crazy time into it but I was lucky to find two seperate trades that I considered valid. I couldn’t take screen shots of when I entered, but I closed them this morning so I will post the as I see them now:

audusd-h1-10-31-2016-0818

Above, is my AUD/USD buy position and as you can see at my time of entry, all signs were valid. I kind of cheated with the SSD but it worked out in my favor. The daily trend is an uptrend so I took that into factor as well. Directly after entering, I went slightly negative and then price just kinda hung out all day before all markets closed for the weekend. Kinda forgot about that part. So, watched it pretty closely as markets re-opened and with no crazy news coming out, I kept it open while I went to sleep. Woke up at the perfect timing as SSD crossed to head south and bring price down. Ended with a +22.4 on the trade or +.44% bringing me to 3.61% over the last 2 weeks.

eurchf-h1-10-31-2016-0817

Here, we have yet another sell position from me with the EUR/CHF. I’m not sure why I tend to go for more sell positions, maybe its the time I read markets and enter trades? hmm. Anyway, I entered this trade pretty cocky and much to early. It almost cost me being too early. As soon as I entered, price went north for a good while before someone came in and dropped the price in my favor. Unfortunately, no correcting really happened, instead price is still falling ever so slightly. At closing, I saw the market correcting itself and exited with a +13 pips, +.25% and overall +3.86% on my account. Let’s see what happens over the next hour or so when markets open here in Europe.

AUD/JPY Sell Position

audjpy-h1-10-26-2016-0845 So here we are. The first trade I have entered with my new blog. Such a proud moment.

So, in all honesty I entered the trade a bit early at 80.144 and perhaps a bit cocky as well. All criteria is going to possibly hit and with all indicators pointing in that direction, I entered. The AUD has been pretty bullish as of late, but since it is paired with JPY, big moves are easily possible. The resistance to move further upwards hasn’t been hit since mid July, so my stop is located at -30 where my limit is right below the latest swing/support at +55. Not exactly 2:1 but I felt it was a good spot since it was right above the .50 line. I am going to be watching the SSD for the next few hours pretty closely to see if I need to exit this trade early.

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