Image: Oanda
TRADE
Entry Date: 28-JUL-2015
Entry: Long MKT @ 0.9649
Entry Date: 30-JUL-2015
Entry: Long LIMIT @ 0.9650
Entry Date: 04-Aug-2015
Entry: Long LIMIT @ 0.9700 & 0.9720
Reason for Trade/Setup:
On 28-Jul-2015, Entry into the position as price cut above the kumo cloud, more important, chikou span had cut above the previous price high.
Another limit order is put in to increase the existing long position on 30-Jul-2015. 2 more positions has been established on 04-Aug-2015.
Initial Stop: 0.9530
Initial Target: 1.0010
INTERMEDIATE COMMENT
Price action has moved up decently. Profit target level has not been reached though. Depending on how the price action reveals itself, there may be a need to take profit as per trade plan.
RESULT
Partial Exit @ 0.9817 on 06 Aug 2015
0.9650; +167 pips
0.9649; +168 pips
Stopped out @ 0.9780 on 12 Aug-2015
0.9700; +79 pips
0.9650; +129 pips
0.9720; + 59 pips
0.9900; -120 pips
THOUGHTS
USDCHF has been trending upwards in a gradual manner. Continue to see strength in the trend upwards.
The update came late. USDCHF has weakened significantly from the exit.
kuraudotrader
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