GBPUSD 28 October 2010 MT3 Setup 41 pip Profit

Trade setup New high MT3
Trade entry Renko 15820 Sell ask 07:40
Stop 15833 15 pips
Target 15775 todays open
Trade exit Target hit

 PNL 41PIPS Profit

Trade setup MT3
+ 15829 monthly low Jan 10
+ Previous daily low 07 October 10
+ Timing 30 min bar + 10 mins

GBPUSD 22 October 2010 MT3 Entry on Renko 15 pip loss

Trade entry 15693 08:37 Buy ask
Stop 15678 15 pips 7 below level

Target 15745 below todays high 67 pips 4 to 1
Trade entry MT3 on Renko
+ 61% Fib on weekly 15685
+ 2 previous daily low 15680
+ Support on yesterdays low 15685
+ Support on FXMAX Turbo on 30 min
+ Current day ATR 65, HT ATR 157
Trade exit Stop hit
PNL 15 PIP LOSS

GBPUSD 18 October 2010 MT3 Setup 42 pips profit

Trade entry 15844 09:07 Buy ask
Stop 15832 12 pips
Target 15920 todays open
MT3 setup & entry on renko
15837 monthly low
15848 weekly high,
15850 Daily fib 88%
ATR 166
Trade exit, close trade, Top of trend channel on 987 chart
Whole No 15900
Fib level dynamic current day 38% 10 min
PNL 42 Pips profit

GBPUSD15 October 2010 MT3 Setup Renko 15 pip loss

Trade entry 156055 on Renko 08:49 Sell bid
Stop 15 pips 16070 5 pips above yesterdays high
Target 15926 above yesterdays low  15922 2 week high
Trade setup & entry on renko
Entry 10 pips below yesterdays high as resistance
Friday sell off

PNL 15 Pip loss

Aftterthoughts-At trade entry resistance had not been tested, no sign of weakness

i entered this trade based on an untested level, keen to maintain stop above level,

 within my money management rules 15 pips max, further confirmation of weakness was needed

The trade i should of taken
Trade entry 09:10 16052
Stop 16067 15 pips 1 pip above the high
Within my Money management rules 2.5%
Target 15911 above the open
Trade Setup & entry MT3 Signal
Stop size Within Money management rules, max 15 pips
Resistance at new high 16066 9 month previous high
ATR at 165 over 100%
Woodies in divergance on 30 & 10

GBPUSD 14 October 2010 MT3 Setup 15 pip loss

Trade entry 16017 08:00 MT3 Setup  Sell bid
Stop 16032 15 pips
Target 15920 above todays open
ATR 100% 145
Woodies cci on 10 min from extreme
Broke above R1 on daily
Outside of bollinger on 240 min
Trade exit stop hit
PNL 15 PIP LOSS

GBPUSD 13 October 2010 MT3 Setup 2 losses

2 Trades MT3 Setups, both against the intermediate trend,

both below 75% ATR

Blue elipses 1=Setup2=Entry3=Exit

Trade 1- Trade entry 15831 Sell bid 07:10

Stop 15841 10 pips

Target 15780

MT3 Setup & entry

Entry candle close below structure low

Woodies in divergance

Failure to close above 15842 weekly high

Trade exit stop hit

PNL N10 PIP LOSS

Trade 2 - Trade entry 15857 08:20 Sell bid

Stop 15869 12 pips

Target 15817

MT3 Setup

Close above then below magenta on 10 min

Woodies from extreme

PNL 12 PIP LOSS

AFTER THOUGHTS

Market continued to trend, did not find a strong level of resistance,

ATR was not reached

Not enough contributing factors to take trade,

wait for strong levels/price/time/ATR/Pivots/Fib levels to line up