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Daily Trading Ideas

  • #13,001
  • Apr 2, 2019 4:59am Apr 2, 2019 4:59am
Quoting Shadowluxury
{quote} Done closed my long with some green. I was expecting a miracle on brexit . My last withdraw is on thursday last week, some drawdown occur but still stable on friday. Im hunger for coffee this week.
The long i took on gold trying to kill me last week. Unfortunately the gold failed, but still suffer some loss. Got trapped on bad US GDP data where Trump immediately release a statement at same time where it automatically backing the data.

The only lesson I learn was, dont mess up with a leader who active on social media. PM May should learn from trump and handle Brexit in twitter.
Yoobbie
  • #13,002
  • Apr 2, 2019 5:24am Apr 2, 2019 5:24am
Quoting Shadowluxury
{quote} Done closed my long with some green. I was expecting a miracle on brexit . My last withdraw is on thursday last week, some drawdown occur but still stable on friday. Im hunger for coffee this week.



Good on you mate!!! Two methods are profitable in forex.

1- Short Term: Calculated scalp in trend quick in & out regardless (profit/loss).
2- Long Term: Calculated Technical Trades/Swings in trend (Money management without SL).

Newbie without money management bet on price action and hold losing position, but that's forex betting not forex trading. Price action can't be in one way, whatever goes up comes down and whatever comes down has to go up :-) I wish to have enough time to trade with you guys hoping one day I'll start scalp again.
  • #13,003
  • Apr 2, 2019 5:26am Apr 2, 2019 5:26am
Quoting Shadowluxury
{quote} The long i took on gold trying to kill me last week. Unfortunately the gold failed, but still suffer some loss. Got trapped on bad US GDP data where Trump immediately release a statement at same time where it automatically backing the data. The only lesson I learn was, dont mess up with a leader who active on social media. PM May should learn from trump and handle Brexit in twitter.
Very volatile at the moment - attempted a short and got knocked out. Retrying as we're hitting some resistance
  • #13,004
  • Apr 2, 2019 5:34am Apr 2, 2019 5:34am
Quoting fareed51
{quote} Good on you mate!!! Two methods are profitable in forex. 1- Short Term: Calculated scalp in trend quick in & out regardless (profit/loss). 2- Long Term: Calculated Technical Trades/Swings in trend (Money management without SL). Newbie without money management bet on price action and hold losing position, but that's forex betting not forex trading. Price action can't be in one way, whatever goes up comes down and whatever comes down has to go up :-) I wish to have enough time to trade with you guys hoping...
Price Action is the King. But my way is your no. 2. Long Term: but with SL.
  • #13,005
  • Apr 2, 2019 5:37am Apr 2, 2019 5:37am
Quoting akim0895
cash and collects just scalps some buy ️ {image}
Thanks Akim
With your strategy am understanding currency market everyday. Am a Kenyan newbie, started learning forex in august last year. I have never counted any profit in real or virtual account since i engaged in currency market but after using this strategy for a month I have seen great improvement.thanks alot
Attached Image (click to enlarge)
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  • #13,006
  • Apr 2, 2019 5:38am Apr 2, 2019 5:38am
gj all
  • #13,007
  • Apr 2, 2019 5:42am Apr 2, 2019 5:42am
Quoting jmtini
{quote} Very volatile at the moment - attempted a short and got knocked out. Retrying as we're hitting some resistance

For a scalp at least!
  • #13,008
  • Apr 2, 2019 5:48am Apr 2, 2019 5:48am
Quoting buddha-
gj all
You mean Good Day or GJ?
  • #13,009
  • Apr 2, 2019 5:50am Apr 2, 2019 5:50am
Quoting jmtini
{quote} You mean Good Day or GJ?
  • #13,010
  • Apr 2, 2019 5:52am Apr 2, 2019 5:52am
Quoting salimc
{quote} Price Action is the King. But my way is your no. 2. Long Term: but with SL.
Long term I meant monthly chart/Swing remains open for months & years, I've couple of open positions from 2014, 2015, and 2016. I opened but never look back my account until recently. Recently closed one trade AUDUSD and going to close rest by the end of this year. Same for EURUSD & USDJPY. Was shorting GBPUSD but i'm out of that position , but I've short positions open for GBPAUD, GBPNZD, and GBPCAD.

Otherwise, for short term I am trading XAUUSD, actually hedging my own positions and time to time I open currency positions. XAUUSD is bearish in monthly weekly chart. The only way is up, if Trump does something BIG. Trump has tried everything, he shut down government, he has restricted FED to increase, he's doing everything possible to halt US$ increase but nothing is working. Look USDJPY is heading to its next target $125 . I've set my positions to close when price hit $135 but I may get out of them by the end of this year.

But daily chart technical trades / swings you can use SL or hedge if support become channel resistance or resistance becomes channel support level.
  • #13,011
  • Apr 2, 2019 5:58am Apr 2, 2019 5:58am
Quoting mclement
{quote} Thanks Akim With your strategy am understanding currency market everyday. Am a Kenyan newbie, started learning forex in august last year. I have never counted any profit in real or virtual account since i engaged in currency market but after using this strategy for a month I have seen great improvement.thanks alot {image}
good to hear that
take care
just for a cup of coffee...
  • #13,012
  • Apr 2, 2019 6:01am Apr 2, 2019 6:01am
Quoting mclement
{quote} Thanks Akim With your strategy am understanding currency market everyday. Am a Kenyan newbie, started learning forex in august last year. I have never counted any profit in real or virtual account since i engaged in currency market but after using this strategy for a month I have seen great improvement.thanks alot {image}
Congratulations
  • #13,013
  • Apr 2, 2019 6:02am Apr 2, 2019 6:02am
Trying nzdcad long 0.9013 to 0.9250. Pressed the patience button
POSTMASTER
  • #13,014
  • Apr 2, 2019 6:12am Apr 2, 2019 6:12am
Quoting fareed51
{quote} Long term I meant monthly chart/Swing remains open for months & years, I've couple of open positions from 2014, 2015, and 2016. I opened but never look back my account until recently. Recently closed one trade AUDUSD and going to close rest by the end of this year. Same for EURUSD & USDJPY. Was shorting GBPUSD but i'm out of that position , but I've short positions open for GBPAUD, GBPNZD, and GBPCAD. Otherwise, for short term I am trading XAUUSD, actually hedging my own positions and time to time I open currency positions....
Frankly speaking, i have no idea on long term direction when it comes to yearly chart. But i believe that is the most wonderful thing to learn.

Just asking, when are you doing the withdraw of your profit when it come on yearly swing.? How do you manage the profit?
Yoobbie
  • #13,015
  • Apr 2, 2019 6:21am Apr 2, 2019 6:21am
gbp drop good
PA Return Today: na
  • #13,016
  • Apr 2, 2019 6:30am Apr 2, 2019 6:30am
Quoting LeongPuiy
gbp drop good
let wait and see how US data play later ️
just for a cup of coffee...
  • #13,017
  • Apr 2, 2019 6:34am Apr 2, 2019 6:34am
Quoting akim0895
{quote} let wait and see how US data play later ️
I guess you already rowing your titanic akim .
Yoobbie
  • #13,018
  • Apr 2, 2019 6:57am Apr 2, 2019 6:57am
Quoting akim0895
{quote} let wait and see how US data play later ️
too early close my GA with breakeven
aud for me not really clear signal yet
but gcad seem good
PA Return Today: na
  • #13,019
  • Apr 2, 2019 7:02am Apr 2, 2019 7:02am
Quoting LeongPuiy
{quote} too early close my GA with breakeven aud for me not really clear signal yet but gcad seem good
slowly grow your confident bud
take as a lesson for future trades ️
just for a cup of coffee...
  • #13,020
  • Apr 2, 2019 7:03am Apr 2, 2019 7:03am
Quoting Shadowluxury
{quote} I guess you already rowing your titanic akim .

just for a cup of coffee...
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