Intraday Trading - Live! | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Live discussion intraday DAX trading 63 replies

Dukascopy Live Account - Don't Post if you haven't traded live with them! 117 replies

go live or bust ... diary of an fx live-trader-wannabe 1,621 replies

Trade 2 live accounts - one with full balance, 2nd as a live test? 0 replies

Oanda 10$ live acc quick-start guide (for newbie to trade live safe) 13 replies

Attachments: Intraday Trading - Live!
Exit Attachments

Intraday Trading - Live!

  • #1
  • First Post: Feb 24, 2008 4:40pm Feb 24, 2008 4:40pm
Hi all

I want to start a thread for Intraday Traders. Often times, small trades lasting minutes to hours posted in the relevant currency pair thread get lost in the bigger trend discussions and just clutter the threads. For all of you who trade intraday this thread is an opportunity to post and discuss small intraday trades on all major currency pairs - LIVE.

The basic format I recommend for this is just post the trade you made or considering making - PRICE / SL / TP and currency pair. A few words to add about why you think it's a good idea - if you want. And possible short discussions of the trades or posting results if you want. No cluttering, please.

Remember, choosing to follow the advice of others that's posted here on your trades is your own responsibility. Also, I bet most of the FX market won't read this thread and most of those who do won't make the same trade and even if they do - it's good for you because they help move the market where you want - so don't be shy and share the pips.

FIRE AWAY !
On the path to Enrichment.
  • #2
  • Feb 24, 2008 7:43pm Feb 24, 2008 7:43pm
Long GBP/JPY 211.07 - TP 211.27, SL 210 - yeah, I know I know it's wide - but I got an ascending triangle from the start of the month with 4 touches on it, right above 210 now.
On the path to Enrichment.
  • #3
  • Feb 24, 2008 8:45pm Feb 24, 2008 8:45pm
Quoting Jurrasic
Long GBP/JPY 211.07 - TP 211.27, SL 210 - yeah, I know I know it's wide - but I got an ascending triangle from the start of the month with 4 touches on it, right above 210 now.
Nice triangle! It's a big one, so the payoff should be good once it breaks out.

For triangles on the G/J, I have a rule to wait for a 4hr candle close, then another close with the entire candle body across the line, before entering.

When I break this rule I usually get burned, although lately the breakouts take off and just go. People who enter on a stop probably did well this month. For me, the trades that would've made my month, I watched run away.... ces't la vie.

Thinking about scaling in, take a small position on a stop, then another after candles close, then possibly another on the pullback to the line...
  • #4
  • Feb 25, 2008 2:37am Feb 25, 2008 2:37am
Cool. But not an intraday trade.
My game plan is to put in the work and get my 20 - 40 pips per working day (on average leverage of 10, I aim for 5-15 now) net profit. Doing that I can see a lot faster wheather I can trade well or not in the longer run and I can increase my account by 150-200+% per month (which is my goal in trading forex). By keeping my leverage the same I don't have to wait two weeks or more to gain the same amount of pips from longer trades but probably on lower leverage to begin with, not to mention by the time the trade is closed. Here's the math as I see it, if I increase my account by 4 percent per day then in 2 weeks I get: 1.04^10=1.48 or 148%. If someone manages to gain the same 400 pips on a longer trade in the same two weeks and even the same leverage of 10 - he will still have just 140%. Plus, even if we have the same success rate, when your trades take say two weeks, then the time it takes to complete them becomes significant - aspecialy if it turns out you wasted your time and did not gain from the trade during the whole two weeks. I'm prepared to put in the work if I see that my goal can be achieved, and it's worth it.

But, that's all off-topic also. Back to work.
On the path to Enrichment.
  • #5
  • Feb 25, 2008 5:01am Feb 25, 2008 5:01am
Quoting Jurrasic
Cool. But not an intraday trade.
Yes, it certainly is. Often good for 100+ in a day, sometimes 3 or 400. We're talking G/J, right? But if it's only worth 40, then it was an "overkill" trade, which I try to make all of mine be.

Quote
I can increase my account by 150-200+% per month (which is my goal in trading forex).

Ooooooookay. See ya.
  • #6
  • Feb 26, 2008 1:30pm Feb 26, 2008 1:30pm
Long EUR/GBP - 525, TP 54, SL 510
On the path to Enrichment.
  • #7
  • Feb 26, 2008 9:56pm Feb 26, 2008 9:56pm
Quoting Jurrasic
Long EUR/GBP - 525, TP 54, SL 510

Nice get, trader!
  • #8
  • Mar 5, 2008 3:15am Mar 5, 2008 3:15am
Short on CAD/JPY and CAD/CHF ..
On the path to Enrichment.
  • #9
  • Edited 8:15am Mar 5, 2008 6:44am | Edited 8:15am
SL - 206.15

TP#1 - 50% - 205.00 (Filled)
TP#2 - 25% - 205.75 ----- Move LS to BE (Target reached but not filled due to spread. SL moved to BE.)
TP#3 - 25% - 204.00
  • #10
  • Mar 5, 2008 7:13am Mar 5, 2008 7:13am
You mean GBP/JPY..

CAD/JPY SL got blown, now went short again. CAD/CHF still holding..
Let's see the USD news..
On the path to Enrichment.
  • #11
  • Mar 5, 2008 7:22am Mar 5, 2008 7:22am
Quoting Jurrasic
You mean GBP/JPY..

CAD/JPY SL got blown, now went short again. CAD/CHF still holding..
Let's see the USD news..

Yes GBP/JPY
  • #12
  • Mar 5, 2008 7:43am Mar 5, 2008 7:43am
I'm out, -1.3% on blown CAD/JPY SL but now +2.55% on both trades, nice
On the path to Enrichment.
  • #13
  • Mar 5, 2008 8:17am Mar 5, 2008 8:17am
Quoting oo7_ts
SL - 206.15

TP#1 - 50% - 205.00 (Filled)
TP#2 - 25% - 205.75 ----- Move LS to BE (Target reached but not filled due to spread. SL moved to BE.)
TP#3 - 25% - 204.00

Stopped out.
  • #14
  • Edited 9:16am Mar 5, 2008 8:56am | Edited 9:16am
short GBP/JPY 542, SL 585 TP 459


edit: Stopped out.

DAMN.. RULE number >something small< - WATCH FOR THE NEWS !! My senile ass just forgot about that completely. Fortunetaly, you loose some you win some.. GBP/USD was late to respond to the news, so put a big order on it quick and got my money back... Forex is sometimes like driving a race car and trying to stay in control..
On the path to Enrichment.
  • #15
  • Mar 5, 2008 9:20am Mar 5, 2008 9:20am
Quoting Jurrasic
short GBP/JPY 542, SL 585 TP 459


edit: Stopped out.

DAMN.. RULE number >something small< - WATCH FOR THE NEWS !! My senile ass just forgot about that completely. Fortunetaly, you loose some you win some.. GBP/USD was late to respond to the news, so put a big order on it quick and got my money back... Forex is sometimes like driving a race car and trying to stay in control..

Time to start taking longs on GBP/JPY on retracements. I'm not going to trade short for a bit now.

oo7_ts
  • #16
  • Mar 5, 2008 10:56am Mar 5, 2008 10:56am
Quoting oo7_ts
Time to start taking longs on GBP/JPY on retracements. I'm not going to trade short for a bit now.

oo7_ts
My senile ass forgot too! I think its rule #1 or maybe #2. But many successful traders don't look at it so much but they're longer term traders.
  • #17
  • Mar 5, 2008 2:06pm Mar 5, 2008 2:06pm
Quoting Poocher
My senile ass forgot too! I think its rule #1 or maybe #2. But many successful traders don't look at it so much but they're longer term traders.
No, my RULE NUMBER ONE of TRADING is - DON'T DO STUPID.. STUFF!
On the path to Enrichment.
  • #18
  • Mar 5, 2008 2:28pm Mar 5, 2008 2:28pm
Shot GBP/JPY @ 207.37

SL - 208.37 (Already moved to BE)

TP1 - 50%, 206.87 (Filled)
TP2 - 25%, 206.62 (Filled) ----- Move SL to BE.
TP3 - 25%, 205.37

I know I said I wasn't going to short for a while, but I couldn't resist this one.
oo7_ts
  • #19
  • Edited 3:55pm Mar 5, 2008 3:41pm | Edited 3:55pm
Quoting oo7_ts
Shot GBP/JPY @ 207.37

SL - 208.37 (Already moved to BE)

TP1 - 50%, 206.87 (Filled +25 pips)
TP2 - 25%, 206.62 (Filled + 18.75 pips) ----- Move SL to BE.
TP3 - 25%, 205.37

I know I said I wasn't going to short for a while, but I couldn't resist this one.
oo7_ts
Stopped out now at BE.

Pip gain +43.75

oo7_ts
  • #20
  • Mar 5, 2008 4:15pm Mar 5, 2008 4:15pm
how to join that skype chat ?
0 traders viewing now