AMA Slightly Discretionary Trading

So I'm starting a journal to log daily a new method that has recently intrigued me. In the past, I've sworn off most indicators as rubbish, but as of late, I've discovered (at least for me), a very useful way of combining AMAs to provide seemingly excellent entries and exits across many pairs. I will be "testing" live in this thread. Here is the first batch of trades using this method from today.

Two More

And Two more. The GBP/JPY trade was a bust....mainly because I read the signal wrong like a dolt. Only open trade is short GBP/CHF a the moment.

REALLY wish forex factory would fix their uploader so it doesn't get stuck every time. Been an issue for years.

And finally before the weekend comes, a long EUR/AUD position.

Two more screenshots. EUR/AUD was stopped out briefly and re-entered long. New trade in AUDCHF to the south.

Had to SAR the GBPCHF at 4550 to go long. Added EURUSD long and potential EURCAD long above 70 with stop at 40. Will see how the stars align later today.

Been whipped about a little bit here, but the still in the green due to riding the market instead of predicting where it will go.

Two Closed Trades from Today

One more. GBPCHF and CADJPY both SARred after gettin' me hair whipped back and forth, Still in the green though.

Decided to play the Japanese session for retracements over the evening. Not bad 2.5 % gain. Not sure if it was worth the lack of shut-eye though. Currently just holding long USD/NOK and EUR/CAD. I suppose at some point I will post a chart with the actual AMAs lending themselves to some of these decisions. One thing I've really been toying with is much tighter stops. Thus far, they've been a real boon. Much rather take 3 small losses, then a gainer to wipe the losses over the reverse. Onward.

Placing Sell Limit Entry on CAD/JPY

Had a great morning with a few flip flops. Made a few percent thus far. Here are some highlights and a lowlight. GBP/CHF has been the bane of my trading the last few days. Still short and in a winning position on my CADJPY position. I guess anyone who wants to see the open positions can just look up.

And here's one win and a loss. A few other small losses, but I'm just demonstrating the highlights that actually make a difference to the account.

Few hits and misses today and little bit of a whippy day. Holding CADJPY and GBPCHF short at present. Looking to short GBPUSD if it dips below 5840.

Holding one trade currently, likely through tomorrow or until it shows any sign of weakening. GBPUSD Short

Been away for a bit from the forum. Boy, wasn't today a great day for trading. Went long the USD/CHF this morning based on divergence and bouncing off support. Nice surprise to say the least. Anyway, back to the grind.

Currently just holding a nice GBP/JPY short after the break through around 130.95. 128 looks to be a good target, but if the market shifts, I've moved stop to BE since I've already amassed a 120 point gain.

Took one more short. USD/NOK based on divergence, possible temporary topping out. Just looking for slight retrace to 5300

Decided to close out GBP/JPY short for $600 profit. Shouldv'e banked it this morning. Still holding USd/NOK short, looking for divergence drop. Tightish $400 stop. Potential profit with 2 lots of around $1,300.

Could've stayed short the GBP/JPY and made a bundle, but caution is important. Took a EUR/USD long position following the thrust bar after NFP and dreadful jobs news. Over the weekend, will be holding EUR/USD and my continued USD/NOK short. Thinking these two will pan out nicely.

-Liz