Xin’s Independent Trading for 5-16-2016: More New Zealand

Introduction:

helms-deep

Helms Deep Movie Set, New Zealand

What a busy day for my own, independent trading! Many signals, many trades. I decided to continue with my New Zealand geography from yesterday as well. I hope you enjoy.

Anyone who wants more information on an easier and much more consistent way to profit from currency trading needs to look at my posts on Hodo Global and RYZE.Ai and please watch the videos at the end of this page or contact me.

Morning Monday 5/16/2016

Signal: British Pound / Canadian Dollar (GBPCAD)

This carryover trade hit both profit targets during the night.

GBPCADiM15-shark-5-16-2016-507am

British Pound / Canadian Dollar (GBPCAD) Harmonic Shark Pattern on 15 Minute Chart on 5-16-2016 at 5:07 AM

Signal: Australian Dollar / New Zealand Dollar (AUDNZD)

This was the trade from last night. Only including it here to show it would of hit the third profit target, if I had one.

AUDNZDiM5-buterfly-5-16-2016-508am

Australian Dollar / New Zealand Dollar (AUDNZD) Harmonic Butterfly Pattern on 5 Minute Chart on 5-16-2016 at 5:08 AM

 Signal: US Dollar / Swiss Franc (USDCHF)

This would have been a good trade. Unfortunately the signal came after midnight when I was already asleep. Just including it for informational purposes. I have very good success with Swiss Franc trades, too bad I missed this one.

USDCHFiM5-shark-5-16-2016-509am

US Dollar / Swiss Franc (USDCHF) Harmonic Shark Pattern on 5 Minute Chart on 5-16-2016 at 5:09 AM

 

Signal: Silver / US Dollar (XAGUSD)

Waiting for a confirmation on this signal. You know how much I love Silver trades, but still have to wait for confirmation.

XAGUSDiM15-shark-5-16-2016-510am

Silver / US Dollar (XAGUSD) Harmonic Shark Pattern on 15 Minute hart on 5-16-2016 at 5:10 AM

Signal: Silver / US Dollar (XAGUSD)

Okay, I have the confirmation. Entering this trade. Silver, do me good!

XAGUSDiM15-shark-5-16-2016-542am

Silver / US Dollar (XAGUSD) Harmonic Shark Pattern on 15 Minute Chart on 5-16-2016 at 5:42 AM

 

Result: Euro / US Dollar (EURUSD)

This trade worked out great. It hit both profit targets, giving me a nice, profitable trade.

EURUSDiM15-shark-5-16-2016-529am

Euro / US Dollar (EURUSD) Harmonic Shark Pattern on 15 Minute Chart on 5-16-2016 at 5:29 AM

Signal: Euro / British Pound (EURGBP)

I did not get into this trade. By the time I saw it the price was already at the first profit target. It is better to stay out than to get in late.

Euro / British Pound (EURGBP) Harmonic Shark Pattern

Euro / British Pound (EURGBP) Harmonic Shark Pattern on 15 Minute Chart on 5-16-2016 at 5:20 AM

 

Signal: British Pound / Canadian Dollar (GBPCAD)

Waiting for a reversal to occur on this trade. Still too much upwards momentum.

GBPCADiM15-bat-5-16-2016-530am

British Pound / Canadian Dollar (GBPCAD) Harmonic Bat Pattern on 15 Minute Chart on 5-16-2016 at 5:30 AM

 

Signal: Australian Dollar / Canadian Dollar (AUDCAD)

I am close to entering this one. Waiting for some additional confirmation before jumping into this one.

AUDCADiM15-shark-5-16-2016-530am

Australian Dollar / Canadian Dollar (AUDCAD) Harmonic Shark Pattern on 15 Minute hart on 5-16-2016 at 5:30 AM

 

 

Evening Monday 5/16/2016

Result: Euro / Canadian Dollar (EURCAD)

This turned out to be a great trade. It would have hit all three profit targets. I only had two, as usual but it was still a great trade.

EURCADiM5-shark-5-16-2016-830pm

Euro / Canadian Dollar (EURCAD) Harmonic Shark Pattern on 5 Minute Chart on 5-16-2016 at 8:30 PM

 

Results: British Pound / Canadian Dollar (GBPCAD)

This hit both the first and second profit targets very quickly. Another great trade.

GBPCADiM15-shark-5-16-2016-830pm

British Pound / Canadian Dollar (GBPCAD) Harmonic Shark Pattern on 15 Minute Chart on 5-16-2016 at 8:30 PM

 

Results: Australian Dollar / US Dollar (AUDUSD)

This hit the first profit target and then rocketed up. This shows how quickly things can change sometimes. This is why I strongly suggest changing your stop losses on your additional positions once one profit target has been hit.

AUDUSDiM5-shark-5-16-2016-831pm

Australian Dollar / US Dollar (AUDUSD) Harmonic Shark Pattern on 5 Minute Chart on 5-16-2016 at 8:31 PM

 

Result: British Pound / US Dollar (GBPUSD)

Unfortunately, this one had not hit the first profit target, so I had not adjusted my stop losses. I got burned on this trade. I hit the stop loss on both positions for losses.

GBPUSDiM5-shark-5-16-2016-831pm

British Pound / US Dollar (GBPUSD) Harmonic Shark Pattern on 5 Minute Chart on 5-16-2016 at 8:31 PM

 

Result: Silver / US Dollar (XAGUSD)

Thank goodness for Silver! Silver always treats me right and this trade was no exception. Two profits in the bag as it hit both profit target one and profit target two.

XAGUSDiM5-shark-5-16-2016-832pm

Silver / US Dollar (XAGUSD) Harmonic Shark Pattern on 5 Minute Chart on 5-16-2016 at 8:32 PM

 

Signal: British Pound / Canadian Dollar (GBPCAD)

This trade happened quickly. By the time I saw a confirmation it was already close to the first profit target. I did not enter the trade.

GBPCADiH1-shark-5-16-2016-849pm

British Pound / Canadian Dollar (GBPCAD) Harmonic Shark Pattern on Hourly Chart on 5-16-2016 at 8:49 PM

 

 

Today’s Geography Lesson: Yonge Street, Toronto Canada

Helms-Deep-2

Helm’s Deep Location, New Zealand

From Wikipedia; “When Alan Lee joined the project in late 1997, Helm’s Deep was the first structure he was tasked to design. At 1:35 scale, it was one of the first miniatures built, and part of the 45 minute video that sold the project to New Line. It was primarily drawn from an illustration Lee had once done for the book, though fellow illustrator and designer John Howe suggested a curved wall. Used in the film for longshots, Jackson also used this miniature to plan the battle with 40,000 toy soldiers.

As a pivotal part of the story, Helm’s Deep was built at Dry Creek Quarry with the Gate, a ramp, and a wall with a removable section and the tower on a second level. Most importantly, there was the 1:4 scale miniature of Helm’s Deep that ran 50 feet wide. It was used for forced perspective shots, as well as the major explosion sequence.”

Helm’s Deep Movie Location, New Zealand

Lessons Learned

Lessons Learned 1: Reset Stop Losses. When I have a profit, in particular when I have more than one position and the price hits the first profit target I reset the remaining stop loss orders to the break even point. I do not want these to turn into losses and eat up the profit I already have realized.

Lessons Learned 2:  Wait for confirmation. Always wait for confirmation. This will result in missing some trades, but it is far better than having a large number of losses.

Conclusion:

 

Lots of trades and some New Zealand geography and some movie history as well. I can’t wait to visit New Zealand.

Once again, for more details on the fabulous RYZE.Ai totally hands free, set it and forget it currency trader and on Hodo Global, watch the videos below.

Learn How to Profit with RYZE.Ai

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Click Here to Watch the Hodo Global and RYZE.Ai videos.

If you have questions, comments or rebuttals, please leave them in the comments area below or  contact me.

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Sincerely,

Xin

Hodo Global

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