Waiting in the long grass | Forex Factory

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Waiting in the long grass

  • #1
  • First Post: Jan 31, 2023 3:35am Jan 31, 2023 3:35am
Hello friends

This is my little corner of FF where I will wait for a trade to come to me to pounce on, as I always do. I come from the thread 'Cable Update (GBPUSD)' where my trades have been posted in real time since I joined FF.

My goal is to make 20 pips per day (average over a week, so 100 pips per week), and to compound the lot sizes as I progress. I will not be withdrawing profits from this account until the end of the year. This account will start off small and I will use FX Blue Trade Copier to copy trades from my main account to this little account. I will be testing this for a while to make sure it all works ok, and perhaps later I will add a Trade Explorer. In the meantime, all my trades will be posted in real time as usual for me.

My only rules are:

Please be nice to each other, and this is not the place to speculate with all manner of zig zag lines and other crystal ball predictions as to where the price is going to go!! I trade what I see, when I see it. I am not interested in any predictions. I am not against any analysis, I just do not want it in my journal please. Thank you

Indiara
I am neither brave nor stupid...I am just a part time trader
  • #2
  • Jan 31, 2023 4:34am Jan 31, 2023 4:34am
I should mention one more thing too. I have a full time job, so I can only trade part of London session, but not all. Mostly this should be enough to get my 20 pips, but it has been hard over the past 10 days as London has not had much action. NY market has had that! Is ok though, London will be back soon enough
I am neither brave nor stupid...I am just a part time trader
  • #3
  • Jan 31, 2023 6:05pm Jan 31, 2023 6:05pm
Hello,

I found your Trading Journal and i wish you success in your career path and the objectives of this journal.

-bella
Goddess of Thunder..
  • #4
  • Feb 1, 2023 12:38am Feb 1, 2023 12:38am
Quoting Bella.al
Hello, I found your Trading Journal and i wish you success in your career path and the objectives of this journal. -bella
Thank you Bella

I am so happy to see you here and I wish you too to have much success with your next version of Bella's Blue. Thank you for calling in to see me
I am neither brave nor stupid...I am just a part time trader
  • #5
  • Feb 1, 2023 1:49am Feb 1, 2023 1:49am
GU is stuck in a 30 pip range since market open, so once again, it's not looking good for trades. Perhaps Londons session will break this cycle. I think not, but I will wait

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 84 KB
I am neither brave nor stupid...I am just a part time trader
  • #6
  • Feb 1, 2023 3:05am Feb 1, 2023 3:05am
While GU plays in it's little range, I will give UJ a try. Perhaps it will give me 20 pips.

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #7
  • Feb 1, 2023 5:09am Feb 1, 2023 5:09am
Quoting Indiara
{quote} Thank you Bella I am so happy to see you here and I wish you too to have much success with your next version of Bella's Blue. Thank you for calling in to see me
Well, Bella's Blue 3.0 will take some more time it is about 40% done . I have added some major feature and changes such as Iron man's Jarvis (Advanced AI ) same quality as seen in the movie , it can feel my feelings as well just like iron man's armor so lets see when it is completed.

-Bella
Goddess of Thunder..
  • #8
  • Feb 1, 2023 5:25am Feb 1, 2023 5:25am
Quoting Indiara
While GU plays in it's little range, I will give UJ a try. Perhaps it will give me 20 pips. {image}
Well that was a long wait, but finally it got to TP

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #9
  • Feb 1, 2023 5:27am Feb 1, 2023 5:27am
Quoting Bella.al
{quote} Well, Bella's Blue 3.0 will take some more time it is about 40% done . I have added some major feature and changes such as Iron man's Jarvis (Advanced AI ) same quality as seen in the movie , it can feel my feelings as well just like iron man's armor so lets see when it is completed. -Bella
That sounds fascinating! You are very clever and when you get finished it will be good to see you using it in action. Isn't it interesting how many ways there are to achieve similar goals?

Indiara
I am neither brave nor stupid...I am just a part time trader
  • #10
  • Feb 1, 2023 8:46am Feb 1, 2023 8:46am
Quoting Indiara
{quote} That sounds fascinating! You are very clever and when you get finished it will be good to see you using it in action. Isn't it interesting how many ways there are to achieve similar goals? Indiara
True...
  • #11
  • Feb 2, 2023 1:49am Feb 2, 2023 1:49am
I have a Sell on GU. I often see such news events as yesterday retrace part, or all the way, so I will try this one. SL is 26 pips above but it is outside the screenshot

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 104 KB
I am neither brave nor stupid...I am just a part time trader
  • #12
  • Feb 2, 2023 1:56am Feb 2, 2023 1:56am
Quoting Indiara
I have a Sell on GU. I often see such news events as yesterday retrace part, or all the way, so I will try this one. SL is 26 pips above but it is outside the screenshot {image}
Indiara, with the UK, expected to release their rates in about 4 hrs, won't this be a bigger factor than a possible retrace from the US rate announcement?
  • #13
  • Feb 2, 2023 1:57am Feb 2, 2023 1:57am
Quoting Indiara
I have a Sell on GU. I often see such news events as yesterday retrace part, or all the way, so I will try this one. SL is 26 pips above but it is outside the screenshot {image}
There is a danger here that when London comes online in 5 minutes, it will push the price up for a while. If it doesn't drop between now and then, I'll just have to ride it out as I won't be able to protect my trade very well as SL would get eaten. Fingers crossed that London open behaves
I am neither brave nor stupid...I am just a part time trader
  • #14
  • Feb 2, 2023 1:58am Feb 2, 2023 1:58am
Quoting dantpm
{quote} Indiara, with the UK expected to release their rates in about 4 hrs, won't this be a bigger factor than a possible retrace from teh US rates?
Maybe, but a lot may happen in 4 hours
I am neither brave nor stupid...I am just a part time trader
  • #15
  • Feb 2, 2023 2:30am Feb 2, 2023 2:30am
Quoting Indiara
I have a Sell on GU. I often see such news events as yesterday retrace part, or all the way, so I will try this one. SL is 26 pips above but it is outside the screenshot {image}
The typical London open pullback is with us so I have to ride this one out. If price gets above the round number I will take the small loss (from yesterdays profit) and look for another opportunity.

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 48 KB
I am neither brave nor stupid...I am just a part time trader
  • #16
  • Feb 2, 2023 3:15am Feb 2, 2023 3:15am
Quoting Indiara
{quote} The typical London open pullback is with us so I have to ride this one out. If price gets above the round number I will take the small loss (from yesterdays profit) and look for another opportunity. {image}
I missed a spike down but I moved my TP to cover my goal of +20 and my TP was hit at +23

Too many times I have been greedy and ended with nothing, so I promised myself that I would secure my +20 if the price started to be silly....which it has been doing!

So, +23 and Indiara is a good girl for not being greedy!

ps...I manually exited for +23, not TP hit like I said above

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #17
  • Feb 2, 2023 3:23am Feb 2, 2023 3:23am
Price is closing in on what my TP would have been, but I'm not sad. I'm happy because I took what I needed to keep true to my goal (as in Post 1).

Now is coffee time again

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 35 KB
I am neither brave nor stupid...I am just a part time trader
  • #18
  • Feb 2, 2023 4:28am Feb 2, 2023 4:28am
I think that there will not be anything else for me today, I will be in my before London news comes, and I probably wouldn't trade it anyway. I will go and do a few chores before sleepy time, but I have the pips I wanted, so I will sleep good. Back tomorrow
I am neither brave nor stupid...I am just a part time trader
  • #19
  • Feb 2, 2023 6:18am Feb 2, 2023 6:18am
Quoting Indiara
I think that there will not be anything else for me today, I will be in my before London news comes, and I probably wouldn't trade it anyway. I will go and do a few chores before sleepy time, but I have the pips I wanted, so I will sleep good. Back tomorrow
Hello Indiara,

Just wanted to know how many people are in the house living , parents,sisters etc . If you don't mind me asking.

-Bella
Goddess of Thunder..
  • #20
  • Feb 3, 2023 12:42am Feb 3, 2023 12:42am
Quoting Bella.al
{quote} Hello Indiara, Just wanted to know how many people are in the house living , parents,sisters etc . If you don't mind me asking. -Bella
Hi Bella,

It's just me and one flatmate. We both work at the same place but she is on a different shift to me so sometimes we don't really see each much for several days!
I am neither brave nor stupid...I am just a part time trader
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