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General Trading Chat / Ideas

  • #3,001
  • Jul 9, 2019 4:17pm Jul 9, 2019 4:17pm
Quoting Oc6oph
{quote} Sounds good like seeing live trades
You seem to get a good few winning trades....would be good to start seeing some context. We are all here to improve (i think!)
  • #3,002
  • Jul 9, 2019 4:27pm Jul 9, 2019 4:27pm
TRADE PLAN FOR 10/7/2019 SELL AUDUSD and AUDCAD. EURNZD and EURGBP looks like a good buy...
  • #3,003
  • Jul 9, 2019 4:29pm Jul 9, 2019 4:29pm
Guys Is it possible to trade, every day... I mean opening new positions daily. And still be profitable?
  • #3,004
  • Jul 9, 2019 4:30pm Jul 9, 2019 4:30pm
Quoting Jp1
{quote} You seem to get a good few winning trades....would be good to start seeing some context. We are all here to improve (i think!)
Well AUDUSD has harmonic pattern so I shorted it and since NZDUSD is correlated I also shorted it too. EURAUD had potential head and shoulders so I went long aiming for right shoulder. It’s sloping so it might turn here. GBPUSD is breaking previous lows and then going up like a broadening wedge so I went long and went long EURUSD as well based on GBPUSD
ex nihilo
  • #3,005
  • Jul 9, 2019 4:32pm Jul 9, 2019 4:32pm
Quoting Okpala1988
Guys Is it possible to trade, every day... I mean opening new positions daily. And still be profitable?
Yes.
If you want in on my experimental EA, PM me.
  • #3,006
  • Jul 9, 2019 4:38pm Jul 9, 2019 4:38pm
Quoting Okpala1988
Guys Is it possible to trade, every day... I mean opening new positions daily. And still be profitable?
Yes of course.....i open some (1-3) daily......but im different to many on here, im only looking for between 20 and 30 pips.....i use a bigger lot size (for me), with a tight stop.....so looking for strong entries with little drawdown.....move stop to BE quickly
  • #3,007
  • Jul 9, 2019 4:51pm Jul 9, 2019 4:51pm
Quoting Oc6oph
{quote} Well AUDUSD has harmonic pattern so I shorted it and since NZDUSD is correlated I also shorted it too. EURAUD had potential head and shoulders so I went long aiming for right shoulder. It’s sloping so it might turn here. GBPUSD is breaking previous lows and then going up like a broadening wedge so I went long and went long EURUSD as well based on GBPUSD
Im in NU have taken a tp1 at the support have let 50% run stops above res
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Turn your wounds into wisdom
  • #3,008
  • Jul 9, 2019 4:51pm Jul 9, 2019 4:51pm
Quoting Jp1
{quote} Yes of course.....i open some (1-3) daily......but im different to many on here, im only looking for between 20 and 30 pips.....i use a bigger lot size (for me), with a tight stop.....so looking for strong entries with little drawdown.....move stop to BE quickly
Do you get taken out of a lot of what would have been winning trades using break even
ex nihilo
  • #3,009
  • Jul 9, 2019 4:56pm Jul 9, 2019 4:56pm
Quoting Bk55
{quote} Im in NU have taken a tp1 at the support have let 50% run stops above res {image}
I closed but wish I held a little longer though it might be turning around soon looks bullish on monthly
ex nihilo
  • #3,010
  • Jul 9, 2019 6:39pm Jul 9, 2019 6:39pm
Quoting Oc6oph
{quote} Do you get taken out of a lot of what would have been winning trades using break even
I usually do the same as JP1... trade intraday, probably 3-8 trades a day. If my stop is moved to BE+1 and it gets taken out, then we still have an opportunity to reconsider the trade, or to get back in, most of the time at a better price. I'd say it's pretty rare for price to move back to my exact entry and then go on to do what I thought it would. Most of the time if I do get taken out it's because I was wrong about the trade or price pulls back farther than my entry.
  • #3,011
  • Jul 9, 2019 7:36pm Jul 9, 2019 7:36pm
Quoting Rrrracer
{quote} I usually do the same as JP1... trade intraday, probably 3-8 trades a day. If my stop is moved to BE+1 and it gets taken out, then we still have an opportunity to reconsider the trade, or to get back in, most of the time at a better price. I'd say it's pretty rare for price to move back to my exact entry and then go on to do what I thought it would. Most of the time if I do get taken out it's because I was wrong about the trade or price pulls back farther than my entry.
I guess it works for some people if I did this I’d always be losing trades. I’m underwater 10-30 or so pips sometime before it goes my way
ex nihilo
  • #3,012
  • Jul 10, 2019 12:41am Jul 10, 2019 12:41am
Good morning everyone
ex nihilo
  • #3,013
  • Jul 10, 2019 12:49am Jul 10, 2019 12:49am
If trades could be like this by new york close, then we have a perfect trade.
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  • #3,014
  • Jul 10, 2019 12:55am Jul 10, 2019 12:55am
Oh my God tp on EURNZD almost hit...
  • #3,015
  • Jul 10, 2019 1:35am Jul 10, 2019 1:35am
Quoting Okpala1988
Guys Is it possible to trade, every day... I mean opening new positions daily. And still be profitable?
yes, but you have to very good at it...In my perception only a few can do it and make money consistently where the account is growing week by week...
trading is simple but is simple is not easy.
  • #3,016
  • Jul 10, 2019 1:50am Jul 10, 2019 1:50am
Quoting Oc6oph
Short CADJPY 82.786
Closed -16.3
ex nihilo
  • #3,017
  • Jul 10, 2019 1:52am Jul 10, 2019 1:52am
USDCAD buy position.
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  • #3,018
  • Jul 10, 2019 1:53am Jul 10, 2019 1:53am
EURUSD looks like a good long
ex nihilo
  • #3,019
  • Jul 10, 2019 1:58am Jul 10, 2019 1:58am
Going to try to take profit at 1.1320
ex nihilo
  • #3,020
  • Jul 10, 2019 2:09am Jul 10, 2019 2:09am
EURUSD bearish.
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