983 - enter again, but took a different side

Few threads ago, I made quite an amount from the big dip.
That time, I was still wondering if I should continue the bear movement, but decided to respect the support zone and pull out.
Now I took a different side, the bull side.
It has an obvious support, which is far on the left of the chart.
And a long pin, which signaled the price has been strongly rejected by the bulls.

995 - seems lucky

Not sure if I am lucky or what, things seem to be going my way.
Anyway, one of my lot closed, as the price fall below to activate the limit stop.

949 - see how it goes

Quite a long bearish pin, signals quite strong rejection.

Also added 2 stop loss and 1 limit stop.

954 - pondering and decision

Was pondering for quite some time, and decided to just close the trade.
I thought that the support zone should be respected, and I can just enter the trade if I see a good price action happening in that zone.

I think one of the good advantage about having 3 lots is that I have more flexibility than 2 lots. If it was this situation, I would just close 1 more lot, leaving the remaining last one to decide what to do another time.

Anyway, I should give myself a pat on the back. I haven't had this much money since May. More good years ahead!

919 - nice dip

Managed to limit stop one lot.
Now I might play a bolder strategy, which is also the recommended way.
Instead of stopping the last lot at the next support zone, I let it run, and also place the stop loss at the previous resistance zone.
I will only stop it out when I see some bullish price actions.

771 - late but still valid

That is what I am talking about, about what I meant yesterday.
It really tested the resistance zone now, and produced a strong engulfing signal.
Although there is a bullish pin now, but judging from my theories, there is a higher probability of price falling.

785 - testing the zones

I asked myself just now, if I should enter a short trade above.
It is around the resistance zone,and there is an engulfing.

But I did not enter.
The reason is because even though zones are quite vague and not only a line, the real resistance is still a bit further up.
You are supposed to see how price reacts when it hits the resistance zone.
The price action at the circled level is still not definitive enough.
People will only panic and react only when the price starts testing the previous 3 highs.

785 - minus 100, remember lowest and highest points

Lost the long trade.
Remember what I read from Naked Trader.
Support / resistance zone are most indicative when it is at the lowest or highest point.
I entered the trade when the price is neither the high or low point.

889 - re-entered

Re-enter the trade, with limit stop for one of the 2 lot.
I am on long, as there is a huge engulfing at the support zone.

885 - closed AUD/USD

Closed the short trade, as there is an engulfing at support zone.
Maybe I will re-enter the trade to buy.

I think my decisions for the 2 lots were quite good.
Taking the first profit at a support zone.

906 - contemplating

Was contemplating if I should close off one of the lot, but decided to do so. It seem like vague support area to me.

Also adjusted the stop-loss of the other lot lower.

877 - new position, Aussie dollar to drop

Added a new position, short AUD/USD.
Resistance zone, an engulfing candle appeared.
High probability.

868 - closed out with profit

Was betting on short.
Lucky I still made profit when it hit on of my limit stop, and I adjusted the stop loss of another.

887 - previous few days bad, now seems gd

Was losing the past few days, now it is profiting.
Hopefully, it reaches one of my limit stop, so that I close one and left with 1 more slot.

I only follow the steps in my mind.

Support/resistance
Price actions (pins/engulfing)
High probability

816 - closed my previous trade, entered new one

Long pin, at resistance zone. Could be a signal for strong rejection.

For every chart I look at, I seem to me communicating with myself.
The voices below

1. Support/resistance
2. Look for strong candle actions (pins, engulfing)
3. High probability of an outcome

I have added another lot, so I have 2 lots. Easier to make decision when to take profit by closing one. But the ideal is 3 lots.

I am now able to play more lots, as I have a shorter time frame. So if I lose both trades, I lost 20 pips each.

Also added a limit stop for one of the lot. Just before the next support zone.

821 - going good

Not very sure what to do now, as it seems to be at a support zone.

786 - Go bear!

Seems good, seems to be heading towards one of my limit stops.
When one of the lot closes, I will shift the stop loss of the other down the next support zone.

771 - higher probability, and more lots

My short trade, something close to an engulfing candle around a resistance zone.
High probability.
And also, I have 2 lots, to close one when it reaches the support zone.
It is more ideal to have 3 lots.