Does anyone here trade daily?

USDCHF Daily predictions:

http://photos.friendster.com/photos/...400932285l.jpg

Looks like USD will go bullish against CHF as well. Practically the same result using the same trendlines and techniques. But I advice placing a stop-loss in the support though as the trend might go against you. In the world of forex, you never know..

Hi Sniper,

I found interesting your method, I'm new in Forex and I am learning. I wonder if you can givbe me some advice, ¿how can I contact you?

It seems I can't send private messages around here, could I contact you by e-mail?

Pls be free to answer to my e-mail: [email protected]

I'll be waiting your reply.

Best Regards,
Osconforiz

I trade Nial Fuller's pin bar reversal strategy, no indicators at all. You plot S & R & any intermidate reversals if you wish: SL is 2/3 of D. ATR & TP target is 3X SL. Simple. Pin bars are very easy to spot. Also check out Billy Rae Valentine's thread here on FF, excellent material. Fuller has a bunch of free videos on his site, Google "Nial Fuller". p

Thats good, discovering what gives pips and sticking to it.
ya, the daily takes the emotion out of the way than the lower tf...but you must have your direction correct before you "set and forget"

Update:

My predictions regarding a long USDJPY was wrong at the time and touched my stoploss. Good thing I only allowed a loss of 40 pips though or I would've been seriously screwed. On the other hand, my trades in GBPUSD and AUDUSD were a success but seeing the ECB's recent moves and the Eurozone's signs of early recovery, and not mention the speculation regarding the FED's interest rates, I immediately liquidated my trades and took my profit at 100 pips each (that's a thousand dollars for me, I traded ten lots).

I'll watch the sidelines for now and wait for the FED's decision regarding the interest rates. If they DO raise interest rates then I'm gonna go short on the Euro, Aussie and Pound but if Bernanke stubbornly retains the interest rates per se then I might as well have to discard my predictions and go long on these 3 currencies..

Sometimes Fundamentals do have great bearing especially when you take into account the long-term price movements..it's not technicals all the time, in fact it is the fundamentals that drive the market with trader's sentiments as second in driving the market.

Osconforiz, I'm also new at trading Forex and I'm no expert yet, in fact as I type this post I am still learning. My system is not perfect yet for the moment and in fact also suffered some loses using the dailies, fortunately though, I employed some money management and minimized my risks.

If you really want avice then sorry but I can't help you with that as I'm fairly new myself. I suggest you go with the veterans here especially jacko or NewstraderFX, though both use different methods (Newstrader relies more on fundamentals and jacko I believe on the techincals), they've been what you might term as successful.

I'm learning myself and I hope I'll get there someday

yes i trade

USDCAD:

http://photos.friendster.com/photos/...403739703l.jpg

http://photos.friendster.com/photos/...237522228l.jpg

With the FED's decision to retain interest rates as is and with techincals indicating that the US dollar is now overbought relative to the Canadian Dollar, I'm putting all my bets in the USDCAD going short. Will wait for this trend to form in a few weeks, if I do get it right the rewards are very promising with at least a 500+ pip reward. If I'm wrong then I guess I'll have to back at the drawing board with a 170 pip loss. OUCH!

AUDUSD Update:

I traded long on this pair as soon as Bernanke says he won't change interest rates, and wow I was right all along, this pair DID go up. Time to liquidate it and have a hefty reward of 100 pips, will see where it goes in the coming days and position my trades here..

http://photos.friendster.com/photos/...118524498l.jpg

As for my USDCAD trade:

http://photos.friendster.com/photos/...300827454l.jpg

It's now going down as expected from my technical charts as well as the FED's decision to retain interest rates so low. Hoping this won't be just a false movement and will actually go down in the weeks to come. Will see if this continues in the coming days. If this trend does continue, I'm gonna change my stop loss to at least 200 pips to make sure that a hefty amount of $2000 is locked into this trade. Will wait in the coming days. Hope I get my prediction for this pair right.