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My strategy to become a full time forex trader

  • #81
  • Jan 20, 2013 7:05pm Jan 20, 2013 7:05pm
Goooooood Evening forex factory. I'm here watching my charts. Not seeing anything that's provoking my attention at the moment.
  • #82
  • Jan 20, 2013 7:13pm Jan 20, 2013 7:13pm
Didn't get the best price here but I thought I would lose the opportunity.

Short EUR/USD: 1.33118
SL: 1.3316
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  • #83
  • Jan 20, 2013 7:16pm Jan 20, 2013 7:16pm
Quoting SemperOorah

Short EUR/USD: 1.33118
SL: 1.3316
Wow check out the USD/JPY. Down another 40 pips. Majors rallying against the USD now.
  • #84
  • Jan 20, 2013 7:30pm Jan 20, 2013 7:30pm
Selling into this rally. It's over extended in my opinion.

Short AUD/USD: 1.0517
SL: 1.0521
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  • #85
  • Jan 20, 2013 9:07pm Jan 20, 2013 9:07pm
Liking the double top that seems to have formed in the GBP/USD. Seems like I'm doomed going short tonight haha, but trying again.

Short GBP/USD: 1.5869
SL: 1.5872
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  • #86
  • Jan 20, 2013 9:45pm Jan 20, 2013 9:45pm
Looking good here IMO, GBP didn't have the steam to even set a triple top, instead made a lower high. Also broke short term resistance at 1.5864.
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  • #87
  • Jan 20, 2013 9:58pm Jan 20, 2013 9:58pm
Quoting SemperOorah

Short GBP/USD: 1.5869
SL: 1.5872
SL moved to break even.
  • #88
  • Jan 20, 2013 10:19pm Jan 20, 2013 10:19pm
Going with my instincts here. I'm seeing more value in shorting USD/JPY than the GBP/USD. Closed GBP position for about +3 pips.

Short: USD/JPY 89.66
SL: 89.71
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  • #89
  • Jan 21, 2013 12:01pm Jan 21, 2013 12:01pm
Wedge forming in the small TF here in the EUR/USD. Higher TF has a bearish bias.

Short EUR/USD: 1.3316
SL: 1.3320
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  • #90
  • Jan 21, 2013 12:11pm Jan 21, 2013 12:11pm
Here's where I'm getting the bearish bias from. Opinions welcome as always.
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  • #91
  • Jan 21, 2013 12:23pm Jan 21, 2013 12:23pm
Moving like a snail at the moment, but I like AUD/USD here with a lower high in the 5M.

Short AUD/USD: 1.0513
SL: 1.0516
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  • #92
  • Jan 21, 2013 12:29pm Jan 21, 2013 12:29pm
Because I'm already in short, this is simply reassuring. About 10 ticks in a row where the ask size is seriously outweighing the bids. I don't use this to adjust my SL, however if it were hovering around my take profit I would leave the position open.
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  • #93
  • Jan 21, 2013 12:46pm Jan 21, 2013 12:46pm
Out of AUD/USD short. -2.53 pips. Still riding the EUR/USD, fight is going on between 1.3315 - 1.3320.
  • #94
  • Jan 21, 2013 1:00pm Jan 21, 2013 1:00pm
ROLL..... OVER..... haha
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  • #95
  • Jan 21, 2013 1:28pm Jan 21, 2013 1:28pm
My God, is it happening finally? haha this one is certainly testing my patience. That's what I get for trading on a holiday.
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  • #96
  • Jan 21, 2013 1:59pm Jan 21, 2013 1:59pm
Here we are testing bottom TL. My money is on a break.
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  • #97
  • Jan 21, 2013 3:15pm Jan 21, 2013 3:15pm
We have a break, but didn't spike down like I anticipated. ZZZZ SL moved to 1.3319.
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  • #98
  • Jan 21, 2013 5:51pm Jan 21, 2013 5:51pm
Nice bit of information there. Glad you shared that. How have your trades turned out for you thus far? I did not do any trading today for a few reasons and being a holiday was one of them.

Still very interested in your thread and seeing you achieve your goal.

Quoting SemperOorah
Because I'm already in short, this is simply reassuring. About 10 ticks in a row where the ask size is seriously outweighing the bids. I don't use this to adjust my SL, however if it were hovering around my take profit I would leave the position open.
  • #99
  • Jan 21, 2013 6:12pm Jan 21, 2013 6:12pm
Just closed my EUR/USD short for +14.27 pips. God I waited forever for that haha. That leaves me at net +11.73 so far today.
  • #100
  • Jan 21, 2013 6:25pm Jan 21, 2013 6:25pm
AUD/USD really doesn't like the 1.0518 level here in the past couple days. Also a few lower highs and lower lows in the ultra short term. Should have been more aggressive with my entry, I waited for it to start rolling over and got a lousy price.

Short AUD/USD: 1.05155
SL: 1.0520
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