Completed trade Dec 8

As this is my open trading log this entry is to document a trade made earlier this month. I traded long the Usd/Cad as a engulfing pattern arise on Dec 8. Target was 1.0500 but got out at double top near 1.0400

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Eur/Nzd 8h Chart Head and Shoulders "Neck Brake

The Eur/Nzd pair brake of the 200sma 8h chart SurpriseBox . The brake compleated a head and shoulders pattern. Shorted the pair at the break. Target is 1.6579 corresponding to a recent low. 

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Out of the Aud/Usd 8h Chart Head and Shoulders "Neck Brake

The Aud/Usd pair brake of the 200sma and 800sma 8h chart SurpriseBox update. The brake formed a head and shoulders pattern. Shorted the pair at 1.0070. Target was 0.9500 corresponding to a recent low but "chickened out" after more of a third of the move. Price is consolidating just below the 1.61 Fibonacci extension. Did get a nice profit of (300 pips).

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Update of Aud/Usd 8h Chart Head and Shoulders "Neck Brake"

The Aud/Usd pair brake of the 200sma and 800sma 8h chart SurpriseBox update. The brake formed a head and shoulders pattern. Shorted the pair at 1.0070. Target is 0.9500 corresponding to a recent low. The stop will be 1.0200 or 1.0350.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Aud/Usd 8h Chart Head and Shoulders "Neck Brake"

The Aud/Usd pair had made a brake of the 200sma and 800sma 8h chart SurpriseBox. The brake formed a head and shoulders pattern. Shorted the pair at 1.0070. Target is 0.9500 corresponding to a recent low. The stop will be 1.0200 or 1.0350.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Nzd/Chf Weekly Chart Head and Shoulders Completion

The Nzd/Chf pair had made a brake of the 200sma weekly chart SurpriseBox. The brake formed a head and shoulders pattern. Target was 0.60 although shorter term 0.65. This pattern completed several weeks ago hitting its goal.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Nzd/Chf Weekly Chart Head and Shoulders

The Nzd/Chf pair had made a brake of the 200sma weekly chart SurpriseBox. The brake formed a head and shoulders pattern. Long term, stop will be about 0.75. Target will be 0.60 although shorter term 0.65. Disadvantage of "parking" a position long term is the cost, the difference in interest may be expensive. Had been trading shorter term positions based on this pattern.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Another Head and Shoulders Completed

The Aud/Nzd pair had made a brake of the 200sma 4h SurpriseBox. The brake formed a head and shoulders pattern.It had reached its initial target of 1.3200.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Another Head and Shoulders

The Aud/Nzd pair had made a brake of the 200sma 4h SurpriseBox. The brake formed a head and shoulders pattern. A small position started on the long position although waiting for the recoil to add to the position. Entry point will be the 1.3350 area, stop will be recent high at 1.3500 area and the first target will be the 1.32 area.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Completion of Head and Shoulders GBP/USD

The Gbp/Usd pair had made a brake of the 50sma 8h SurpriseBox. The brake formed a head and shoulders pattern. The pattern completed the target today although I got shaken out of the position.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Head and Shoulders GBP/USD May-2011

The Gbp/Usd pair had made a brake of the 50sma 8h SurpriseBox. The brake formed a head and shoulders pattern. The volatility of the pound brought this pair back to the box yesturday but today again directing toward the target. Bumpy road as moving averages were on the way including the 100sma and 200sma serving as support (or resistance depending the way you look at it). I initially traded short but failed to get out when it touched the 100sma so I got stopped out (I got shaken out of the position).

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Stopped out

The Gbp/Jpy sustained aggressive selling. Stopped out.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Update of Gbp/Jpy Engulfing Pattern on Daily Chart

The Gbp/Jpy pair had made a brake of the 50sma daily SurpriseBox. The brake was with a engulfing pattern that encased 12 candles, including a hammer. Target will be 139.50 and stop below 134.00. At present in the recoil.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Gbp/Jpy Engulfing Pattern Daily Chart

The Gbp/Jpy pair had made a brake of the 200sma and 50sma daily SurpriseBox. The brake was with a engulfing pattern that encased 12 candles, including a hammer that touched the 200sma. Target will be 139.50 and stop below 134.00. Prefered entry may be on a recoil close to the 136.00 area but I entered already.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Gbp/Aud Short Position Hit Target

The Gbp/Aud weekly chart short position hit the target 1.5250.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Gbp/Aud Short Position Status

The Gbp/Aud weekly chart short position is slowly going toward the target of about 1.5250. New stop approximately 1.5800, the top of the previously mentioned recoil (recent high).

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Eur/Cad Engulfing Pattern Complete

The Eur/Cad pair had made a brake of the 100sma daily SurpriseBox. Reached its target last week as posted in twitter. Now has retraced.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Eur/Cad Engulfing Pattern Complete

The Eur/Cad pair had made a brake of the 100sma daily SurpriseBox. Reached its target last week as posted in twitter. Now has retraced.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Eur/Cad Engulfing Pattern

The Eur/Cad pair had made a brake of the 100sma daily SurpriseBox. The brake was with a engulfing pattern that encased 9 candles, including a hammer that touched the 100sma. Target will be 1.3950 and stop below 1.3700. Prefered entry may be on a recoil close to the 1.3800 area.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Usd/Chf Neck brake of Head and Shoulders

The Usd/Chf pair had made a brake of the 200sma and 100sma four and eight hours SurpriseBox. This movement is similar to a head and shoulders formation brake of the neck.Have a small position in it, if recoils to the 0.9100 area will add to the position. Target will be the 0.9000 area, stop will be at the 0.9200 area.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Recoil Materialized

The expected recoil had occured in the Gbp/Aud pair. This may provide at the end of the week as a more reasonable stop for a short position (prior stop was over 1,000 pip away and provided a not so good profit to potential earn ratio). This recent high, in a shorter term chart, is being used at present for the stop in my short position.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Last Week Potential Trades

Last week had several potential trades but the benefit-risk ratio was not right for me. I did not trade significantly last week. Amoung the potential trades were:

1. The mentioned Eur/Sek 8h chart bullish position reached recent high as predicted by Elliot Wave. Did not trade this as this method is not my expertise and the benefit loss ratio was not right for me.
   
2. The Eur/Usd made a broke the 50sma box on the 4h chart on Mar-28-2011 about 8am est. It reached a recent high 1.4240 from 1.41. Stop would be around 1.4010. This pair was traded on a small scale.

3. Of the mentioned weekly positions last week, the NZD/USD pair bullish took off to the upside, the GBP/AUD short merely moved. In this last pair, I was expecting a significant recoil to place a trade but this never materialized. Need about a 50:50 win to loose ratio to enter a trade. Observing it this week.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By Andres Britt-Larregui, SurpriseTrade@gmail.com

This Week trades and the Future

This week trades and next week procpectus is as follows:

1. Monday started with a bullish engulfing pattern from the 100 sma in the Eur/Sek three hour chart. At the same time a bullish engulfing pattern out of the 200 sma when the pair was seen in the 8 hour chart (see number 4 in chart below).
   
2. This pair completed the trade when reached the 50 sma resistance(see above).
3. A bearish brake of the 50 sma SurpriseBox to the downside was traded from the recoil. The target, down again at the 100 sma did not complete and I got out on a time-stop when the pattern failed to progress.
4. Thursday, the Eur/Jpy broke the upper part of the 3h 200 sma SurpriseBox with a engulfing pattern that completed the target of 115.00, recent high (see below).
   

5. For the next several weeks will be watching the Nzd and Aud. Both currencies shows strength when evaluated in the weekly charts (example GBP/AUD and Nzd/Usd below). Also the long term bearish position in the Gbp/Cad and Gbp/Chf seems to be recurring.
   
   
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By Andres Britt-Larregui, SurpriseTrade@gmail.com

Bearish on the Eur/Sek

A SurpriseBox near the 50sma  was formed on the Eur/Sek Three Hour Chart. This box broke to the downside at 6am est, currently on the recoil. Not quite a engulfing pattern as it did on monday to the upside. 

• Target of near 8.900 corresponding to the 100sma. 
• Stop is near the 8.9700 area corresponding to a recent high and close to the 800sma.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

GBP/CHF Head and Shoulders

A SurpriseBox near the 800sma, 200sma and 100sma  was formed on the Gbp/CHF three hour chart. This box broke to the downside two days ago forming a head and shoulders pattern. A trade was placed using stop 1.50 and target 1.45. Position started at 1.4760. This trade hit its target yesturday. The latter was not previoulsy published by this site.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

NZD/USD position stopped

A SurpriseBox near the 200sma  was formed on the Nzd/Usd daily chart. This box broke to the upside last friday with a bullish engulfing pattern.Stop will be the recent low about 0.7320. This stop was triggered.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

NZD/USD Engulfing Pattern-Daily Chart

A SurpriseBox near the 200sma  was formed on the Nzd/Usd daily chart. This box broke to the upside last friday with a bullish engulfing pattern.A reasonable target will be the 100sma at about 0.7550. Stop will be the recent low about 0.7320.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

GBP-My long stopped, my short is on the go

A SurpriseBox near the 50 sma  was formed on the Gbp/Cad weekly chart. This box broke to the downside two weeks ago with a bearish engulfing pattern.This position is on the go toward its target.

On  the other hand, I got stopped in the GBP/USD position started yesturday based on the eight hour chart.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

GBP Engulfing Pattern

A SurpriseBox near the 50 sma  was formed on the Gbp/USD eight hour chart. This box broke to the upside today with a bullish engulfing pattern. A target of near 1.6320 corresponding to a recent high. Stop is near the 1.6100 area.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

Copy of Engulfing pattern

A SurpriseBox near the 50 sma  was formed on the Gbp/Cad weekly chart. This box broke to the downside two weeks ago with a bearish engulfing pattern. A target of near 1.55 corresponding to a recent low. Stop is near the 1.60 area.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

Copy of Engulfing pattern

A SurpriseBox near the 50 sma  was formed on the Gbp/Cad weekly chart. This box broke to the downside two weeks ago with a bearish engulfing pattern. A target of near 1.55 corresponding to a recent low. Stop is near the 1.60 area.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

Four SurpriseTrades this Week

A Series of SurpriseTrades ocurred this week. Traded some of them.

***Four Hours Eur/Gbp Chart upward breakout on Mar-3-2011 from the 200sma***

***Four Hours Cad/Jpy Chart upward breakout on Mar-2-2011 after Engulfing Pattern rejecting the 100sma***

***Four Hours Cad/Chf Chart downward breakout from 200sma on Mar-4-2011***

***Eight Hours Gbp/Cad Chart downward breakout from 100sma on Mar-3-2011 after Engulfing Pattern***

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

GbpNzd SurpriseTrade

A SurpriseBox near the 50 sma  was formed on the Gbp/Nzd three, four and eight hour charts. This box broke to the upside yesturday. A target of 1.1750 was recent high. This target had been reached. This trade was not previously published.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

Aud/Nzd Gap Up - Target Reached

A SurpriseBox near the 100 sma and 200 sma was formed on the Aud/Nzd eight hour chart. This box broke to the upside over a week ago with a gap. A target of 1.3400 was established. This target had been reached. Bad that fundamentals included human loss but this trade was placed before this natural disaster. I had exited my position halfway to the target (at the end of last week) and never re-engaged. My heart goes to the New Zealanders.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

Aud/Nzd Gap Up - Halfway to Target

A SurpriseBox near the 100 sma and 200 sma was formed on the Aud/Nzd eight hour chart. This box broke to the upside a week ago with a gap. A long trade position was started. This position was going slowly toward the target. At present about half the expected move, target is 1.3400, trade started at about 1.3250 and now at 1.3325. I liquidated my position with a gain of 80 pips. Will evaluate when markets open if to re-establish my position till target with a higher stop.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

Aud/Nzd Gap Up - Halfway to Target

A SurpriseBox near the 100 sma and 200 sma was formed on the Aud/Nzd eight hour chart. This box broke to the upside a week ago with a gap. A long trade position was started. This position was going slowly toward the target. At present about half the expected move, target is 1.3400, trade started at about 1.3250 and now at 1.3325. I liquidated my position with a gain of 80 pips. Will evaluate when markets open if to re-establish my position till target with a higher stop.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.