This USDCAD trade just triggered. {image}
MA Crossover System that works for me
- #1,341
- Oct 24, 2023 10:30am Oct 24, 2023 10:30am
- #1,342
- Oct 25, 2023 5:12am Oct 25, 2023 5:12am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Another one
- #1,345
- Oct 25, 2023 11:19pm Oct 25, 2023 11:19pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} My USDCAD trade has just reached its target at 1.3781 for a 60 pip profit. Good luck with yours!
TP1 reached . booked profit for 1 lot. two more lots in profit. trailing SL for both and TP2 for one.
2 more trades in profit.
- #1,347
- Oct 26, 2023 2:52am Oct 26, 2023 2:52am
I have had a good last two days so far - 3 winners, one closed manually for a small profit and no losers. I have just checked gains since 1 September - account balance increased by 16%. That's mainly using the 3x3 method or variations of that.
This GBPCHF trade has been moving very slowly, no hoped-for breakout from that consolidation yet.
This GBPCHF trade has been moving very slowly, no hoped-for breakout from that consolidation yet.
This EURJPY trade keeps giving me a hard time. As shown in the blue square on the daily chart, I entered the trade after a pullback in an uptrend, aiming to sell just before touching 160. The price pushed higher and the trade was triggered, but it fell back the next day without the TP being reached. As seen on the 4h chart, the price since then has been ranging, and seemed to finally break out earlier this week, but once again not reaching TP and falling down once more. The advantage of this type of trade is that you get recompensated for waiting, thanks to the swap rate, equalling 1 pip each day. As this has now been going on for +2 months, the swap rate already equals more than 70 pips, giving an extra margin for SL. The uptrend still seems valid, evaluating the trade itself I would say that I probably entrred at a bad level (158,5), although I did not recognise this as a support/resistance level, so I wonder where I got it wrong? For now, I will hold on to the trade, USDJPY managed to get above 150 this week without Japan intervening, so my 'hope' is that the current dip might be the last one before we shoot higher. As always, any take on this from more experienced traders is more than welcome 
- #1,352
- Oct 31, 2023 5:57am Oct 31, 2023 5:57am
{quote} I don't have much experience with long-term trades; I try to be in and out the same day or in 2, max 3 days. However, what I notice on the higher TFs is that they appear to be overbought, as do many of the JPY pairs. Price might well continue up, but my instinct (honed on intra-day trades) is to get out while the going is good. For the sake of the exercise, go and look at the spaces between the 3 EMAs, even measure the pip distances and compare the current values with what you see in recent chart history. You might find that this pip distance...
