777's trades

I entered short at GBPUSD moved stop to BE after I had 50 pips, I went to my friend then when I came home this trade was stopped at the BE and I saw EUR rallied like skyrocket and it was retracing. there were too much 5 min candles with 20 and 30 pips each and so according to my strategy I entered immediately. I have 50 pips. I am going to liquidate do not want to stop at BE again.

P.S. I entered with 5 lots at EURUSD

GBPUSD trade, so frustrating

I know that feeling ... very frustrating

I'm still in with my fiber long from the pin bar at the bottom of the 1hr chart.
+65, stop now at +15. Don't know whether I should close or not.

Also still in nzdusd long from start of the week ... +73 now. Maybe I must close and learn from your misfortune.

Hey 777, you still there? You on holiday already . Just want to let everyone out there using "777's 5 minute strategy", not to use this method during major news release. Today is a holiday in US, so market will be slow. I think I'm gonna take the day off.


Take care
Habeeb

Yes I am here not trading opportunities this week. Only 20 pips on GBPUSD. enter long yesterday at daily close price. it must have gone at least 20 pips above daily close. It really went by 70 but my target was hit there.

Yes you are right during news releases do not trade 5min strategy. I did not pay attention Trichet's comments and was deadly stopped by -30 pips. But during technical markets it is great thing.

Hey Habeeb I have one more strategy. As mentioned above it is with daily close price on GBPUSD. I think it is good for super short term traders.

This morning there was a good opportunity using your 5min strategy (10h25 MT4 time). Missed that one but there's always a next time.

You did mention that you had strategy for day-close, but you didn't explain that one yet. You still testing it?

The rest of the day is going to be boring, so I'm just browsing the charts.

Enjoy your day
Habeeb

http://www.forexfactory.com/forexfor...ead.php?t=3524

Here it is.

Don't know how I missed that thread. Thanx for the link. You'll have to demonstrate one more time to make it more clear to me.

I usually buy/sell at the daily low/high with tight stops. Haven't traded at the day close because then the market is quiet.

This move towards the previous day's close, is it before the day's close or after (start of new day)?

Thanx
Habeeb

OK, this thread has been sunk so far

I am refreshing it and taking to surface with today's trades

I bought NZDUSD at 0.6088 and USDJPY at 117.40. It was short term trade and I took 40 pips in NZD and 15 in JPY.

Signal was yesterday's pin bar on NZDJPY. I will wait for the further signals to reenter the market.

Sold GBPUSD at 7408 stop at 7465 and take half prifit was 60 pips + 80 pips another half position.


Was deadly stopped out

Is this your first week live? Are you up or down so far?

I am slightly up in comparison of the balance what I had at the beginning of this month. But yesterday was bad trade (May be it was Iran issue, so as I do not trade fundamentals I was in the wrong direction of the market).

My long NZDJPY position is going well, (long in USDJPY and NZDUSD)

Well, NZDJPY is gaining ground here, going to convert this trade into long-term one (planning 200-300 pips).

I think exotics are better to trade these days, as majors are not performing well

Bought USDCAD at the break of previous day's high, (came home order is executed)

It isn't even the 14th yet. PLease explain.

How do you handle the spread on the nzd/jpy? Does it move that well?

LOL, why do not you ask me this question tomorrow

No I went long in USDJPY and NZDUSD meaning long position in NZDJPY, my broker does not even offer NZDJPY pair. Total spread that I have paid was 8 pips

Sold 5 mini lots Cable for scalping opportunity.
Stop at day's high +5 pips.

Signals: Big figure cross. Currently -20 pips.

target 45 pips.

Looking for short opportunity in EURUSD, waiting for a reversal signal

possible signal: May be i will have Reversal System signal
OK fundamentalists go home, now it's our turn.

Cable stopped out, -43 pips.

Do not see reversal but may be I will take half of my long NZDJPY position.

I have feeling JPY crosses will collapse soon.

OK another trade today. Sold cable at 7830, stop at 7905. Lookig for 150 pips.

Signal: 50% retracement of daily range + VWB fib level risk model #3 + FED members noted coming inflation data is key in future rate hikes. So inflation rises and this is helping tech signals.

currently +15 pips. Entered with 15 mini lots