F-Forex, Diary of a quant forex trader

21 Ema Pullback

The pullback to the 21 ema is not a very strong signal as it can be the 55, 200 or a cross.
However the market is really quiet today so this can be a chance for traders to make some money.

i am getting in then:

After just a bit the market climbs, i am hanging to see if it haves more room:

As the market slows down and momentum decrease i get out of the trade with an earning of 21.7 pips.

this exit was just intuitive, it will be good if i can get this same exit results using short term moving averages.

Tags: 21 ema, eur-usd, pullback

55 EMA Pullback

The pullback edge is another one that give good dividends to my trading in general even if they some times fail i am  getting more confident on trading this pattern.

this time pullback is given close to the 55 ema, here is my entry:

The market trades a little lower, making  some traders to get out, i still in as i am seeing it is not going to low.
After that the market rebounds.

As my trade is in positive territory the market consolidates for some time, finally the euro makes another climb hitting my TP line of 30 pips and i am out of the trade.

Tags: 55 ema, confident, edge, eur-usd, pullback

200 ema pullback

I continue to trade pullbacks, this time with the help of the 200 ema wich make an even safer entry.

Note how a false bounce was present some time before my entry, the real one was at the 200 ema:

My trade gets more confident as the market climbs as expected:

A new pullback is given, the market will not just climb, it is to obvious,  my trade is intact:

Market climbs again:

Market finally show its true intentions as it breaks the 30 pips limit and the trade ends.

Tags: 200 ema, eur-usd, pullback

timing pullback

Euro going up with the tendency of the last sessions.

US markets are open, i get in the market on what i think is a pullback:

However, if there is going to be a pullback, this is going to be lower:

Now yes, here is the pullback but again my entry timing is not the best even if the pattern is happening:

Market climbing and getting close to the profit target of 30 pips:

As expected the market reach my limit and i get out with 30 pips of profits:

Tags: eur-usd, pullback, timing, us session

A new pullback

Opening a position in a pullback at the same time the sp-500 opens in chicago in positive territory.

As usual my entry is not perfect and the market trade a little lower but i am still waiting for that pullback:

Pullback start to happening at this levels:

10:23 am in wall street, check how the sp-500 breaks to the upside:

And check how the euro now follows:

The market hits a 30 pips limit i placed and i get kicked out with 30 pips of profits,  see also sp-500 correlation:

Tags: correlation, eur-usd, pullback

a successfull pullback

Long time without trading a pullback successfully, for US stock markets recover and for the recovery of economy in general the euro haves to trade up.

Entry on pullback:

trying to get more buyers a little lower:

success:

volatility increasing:

limit of 30 pips placed in the 200 ema is reached and the trade ends:

Tags: 200 ema, pullback, recovery

Failed pullback

Pullback given, entry:

Starting to receive signals of problems with the trade:

I didn’t cutted my losses so i ended up loosing 20 pips on this trade as the pullback fails:

Tags: eur-usd, pullback, signals

Lack of discipline day

Again my behavior give me some lessons …

Taking a first position for the day to the long side, i think this could be a pullback.

15 minutes view:

1 minute view:

The market is not able to climb so i get out of the trade with a -26.8 pips of loss, not big deal for now just a failed view of the market:

I see another pullback, not sure how i was able to see that after the prior loss, i get in the market long again:

In the same minute i get in i had to get out losing -22.7 pips this time:

I can see now how bad were my decisions and how blind i can became when trading, i faded the downward momentum trend one more time:

And of course another loss, -30 this time to realize the market  intentions were to go down, at this time i was around 80 pips in the hole:

At this point i realized that i can still have some chance to the downside as the 15 minutes charts was showing more space down there.

I was going to risk 30 pips more for a total of 110 of loss for the day.

Market takes its time but finally break down giving me 62.3 pips, really a nice recovery.

Until now it was not a bad day, after 80 loss i was loosing only 20 with full possibilities of a recover tomorrow but … i made a big mistake, a discipline one, i traded the japanese session, a session i never trade, this behavior ended in more pain, i lost 40 pips ending up the day at -60.

entry:

stop loss of 40 hitted:

Tags: discipline, fade, japan session, loss, pullback, recovery, stupidity

Sp-500 200 EMA pullback

The S&P haves a bullish tendency for today after good earning reports released from its composites like coca cola, goldman sachs and more.

Using the 5 min charts i got inside the market long after it traded close to the 200 ema and i see a reversal hammer candle is formed.

Hammer failed and market is trading a little lower but still up the 200 ema, hanging … if market trade lower the 200 ema i will have to get out.

After a while market start to pull back, i am now getting ready to exit the trade.

Getting out,  $112.50 profits.

bought: 1198.500
sold: 1200.7500

45 minutes inside the trade ( 10:25 to 11:10 EST)

Tags: eminis, pullback, sp-500

Quick Pullback

This is the perfect pullback with a really confirmed entry signal given with stochastics and with candles hanging the reversal levels, i am targeting 30 pips on this trade, check the entry:

i used the 15 min charts, stochastics were coming back from the oversold levels and i was in the middle of a forex correction from a lower level.

immediately after my entry the market reached the 30 pips i was targeting, the limit position was hitted and i found myself out of the market:

Tags: eur-usd, euro, Forex Trading, pullback, quick pullback