Very weird session for the system. Weird because of my mistake, but I will write about this below. The score is unchanged, I still have about +18% profit since beginning of the year.

AUDUSD

On Monday there was very nice sell signal on Aussie. Pin Bar during test of resistance (earlier a support), I set sell limit order on 50% retracement which was activated. And this is my mistake – in the order management program I have set close of 50% of position on 60 pips (2.5x SL) and secure of position after… 6 pips. Unfortunately I didn’t enter 0 next to 6 and the order was closed pretty fast. I understood that after price dropped this 60 pips and I wanted to check my profit. It was 15 € with an account of about 12,000 €…

AUDUSDH4-1-19-2016-1024x500

EURAUD

Another good opportunity I spotted on EURAUD. Pin Bar next to the support, long position opened on 50% retracement and quick gain with half of the position closed and the rest is secured. It brought 2% of profit, balanced by similar loss (check below).

If you are interested in Price Action Strategy description, you can read it here.

EURAUDH4-1-19-2016-1024x500

EURUSD

On Eurodollar I played long positon yesterday, after false break out of Inside Bar. SL was 10 pips and TP 80. This position was attractive, but I was aware of small Stop Loss, I wrote about it: “I call this signal a crazy one, because SL is 10 pips ant TP 80. It is crazy because normally I don’t play with such small Stop Losses, but RR is so good that I decided to play it even that I knew it probably end up with SL”.

YOU CAN START USING PRICE ACTION AND INVEST ON FOREX MARKET USING FREE XM BROKER ACCOUNT.

EURUSDH4-1-19-2016-1024x500

GBPJPY

Bullish correction is reaching important resistance (earlier a support) and if there will be any sell signal on H4 or D1 chart, it will be worth to open shorts.

GBPJPYDaily-1-19-2016-1024x500

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.