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Fighterdude's Live trading journal

  • #41
  • Jul 10, 2013 1:19pm Jul 10, 2013 1:19pm
Well it looks like I might not get an entry today. Oh well. Gotta take them as they come, and if they don't come, then so be it. Why risk your money on something that isn't there or on something that you don't understand?

I am going to wait and see if my Gold Long will get triggered at 8PM GMT. But other than that, it's lights out for me.
  • #42
  • Jul 10, 2013 2:16pm Jul 10, 2013 2:16pm
Well that's all folks! No trades for me today. It's all good. Tomorrow should be dynamite!

Here is the photo proof, along with a little explanation of the new hedging account I have opened as well.

The circled account is the one that matters.

Attached Image (click to enlarge)
Click to Enlarge Name: July 10th end of day 1.png Size: 39 KB


Until tomorrow morning all, cheers and happy trades!

~fighterdude
  • #43
  • Edited 2:45pm Jul 10, 2013 2:31pm | Edited 2:45pm
Yeah, I'm waiting for the GBP bears to come back too.
  • #44
  • Jul 10, 2013 6:49pm Jul 10, 2013 6:49pm
And that's what a trend change looks like...:-)
  • #45
  • Jul 11, 2013 1:27am Jul 11, 2013 1:27am
Good morning all,

Not a lot of clear trends to take advantage of yet.... things are recovering after that huge bearish move in the USD.

As of now there are only 2 pairs which I am considering for trades today -

LONG -

GOLD
NZDUSD

Hopefully more opportunities will pop up as the day progresses.

Cheers and happy pips to all,

~fighterdude
  • #46
  • Jul 11, 2013 8:06am Jul 11, 2013 8:06am
First trade for almost 48 hours. GOLD Long.

Entry Price - 1286.76
Stop @ 1276.76
Target @ 1300.00

Attached Image (click to enlarge)
Click to Enlarge Name: GOLD LONG JUL 11th open.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GOLD LONG JUL 11th open 1.png Size: 21 KB
  • #47
  • Jul 11, 2013 1:11pm Jul 11, 2013 1:11pm
What you think of AUDJPY? Good short?
  • #48
  • Edited 1:58pm Jul 11, 2013 1:45pm | Edited 1:58pm
Quoting pbylina
What you think of AUDJPY? Good short?
Possible short down to 89.00, however I would be extremely cautious as this pair looks like it is getting ready for a bullish retracement. I would be cutting any losers real quick in this situation as a reversal is bound to happen fast. So, I wouldn't call this setup ideal.

Although, it is pretty hard to find an ideal setup in the current market conditions(at least by my standards ) no matter where you look so...

Anyway, keep your finger on the trigger if you go for this one.

Cheers mate and many happy trades to ya!

~fighterdude
  • #49
  • Jul 11, 2013 2:00pm Jul 11, 2013 2:00pm
Quoting fighterdude
{quote} Possible short down to 89.00, however I would be extremely cautious as this pair looks like it is getting ready for a bullish retracement. I would be cutting any losers real quick in this situation as a reversal is bound to happen fast. So, I wouldn't call this setup ideal. Although, it is pretty hard to find an ideal setup in the current market conditions no matter where you look so... Anyway, keep your finger on the trigger if you go for this one. Cheers mate and many happy trades to ya! ~fighterdude

Nope, it doesn't look good anymore.:-) I'm thinking that during Asian session some trades will start to appear.
  • #50
  • Jul 12, 2013 7:35am Jul 12, 2013 7:35am
Got stopped out at break even... Look what followed! Do you move your stops to B.E. after a trade is in profit? Did I do bad or good?
Attached Image (click to enlarge)
Click to Enlarge Name: break.png Size: 45 KB
  • #51
  • Jul 12, 2013 9:24am Jul 12, 2013 9:24am
Well I usually don't move my stops to BE. Some times but mostly I don't. Also... this kind of scenario is why I don't trade during the Asian market. Just not enough volume typically. I mean some times it really rocks during the Asian session but most of the time it just chops sideways.

Anyway... You did good because you cut a trade which didn't immediately move your way. That is good. However now you just need to get used to getting back in once the next setup shows up, rather than staying on the sidelines while the market starts to do what you thought it was going to do in the first place.

You will get it next time.

Cheers matey,

~fighterdude
  • #52
  • Jul 12, 2013 9:31am Jul 12, 2013 9:31am
Quoting fighterdude
Well I usually don't move my stops to BE. Some times but mostly I don't. Also... this kind of scenario is why I don't trade during the Asian market. Just not enough volume typically. I mean some times it really rocks during the Asian session but most of the time it just chops sideways. Anyway... You did good because you cut a trade which didn't immediately move your way. That is good. However now you just need to get used to getting back in once the next setup shows up, rather than staying on the sidelines while the market starts to do what you...

Ok, What time is best for trading if not Asian session? I put this trade on then went to sleep...Looks like it got closed out at 11:15pm my time(central)...
  • #53
  • Edited 9:52am Jul 12, 2013 9:40am | Edited 9:52am
Quoting pbylina
{quote} Ok, What time is best for trading if not Asian session? I put this trade on then went to sleep...Looks like it got closed out at 11:15pm my time(central)...
I live in Europe so the best time that I have found for hourly trading falls between 8AM GMT to 9PM GMT. You can find good trades during this time. However I would be cautious(dont avoid them but be cautious) looking for new entries after 5PM GMT.

Hope that helps.

Cheers!

~fighterdude
  • #54
  • Jul 12, 2013 9:57am Jul 12, 2013 9:57am
Quoting fighterdude
{quote} I live in Europe so the best times that I have found for hourly trading falls between 8AM GMT to 9PM GMT. You can find good trades during this time. However I would be cautious(dont avoid them but be cautious) looking for new entries after 5PM GMT. Hope that helps. Cheers! ~fighterdude
You mean that I'm going to need to start getting up at 3 a.m. my time! It's worth a shot. Your lucky you live in Europe! Btw, are you trading Fx as a primary source of income and how long have you been profitable?;-)
  • #55
  • Jul 12, 2013 10:06am Jul 12, 2013 10:06am
Quoting pbylina
{quote} You mean that I'm going to need to start getting up at 3 a.m. my time! It's worth a shot. Your lucky you live in Europe! Btw, are you trading Fx as a primary source of income and how long have you been profitable?;-)
I have been FX trading full time with it being my only income(besides some gold options every now and then ) for a couple years now. When I first started I lived in Washington state on the west coast of the USA. I used to get up for the London open every night and not stop trading until the NY close. It was crazy and very hard but it was totally worth it.

Cheers,

~fighterdude
  • #56
  • Edited 10:26am Jul 12, 2013 10:16am | Edited 10:26am
O man, what an inspiration! Funny thing is, the reason I started trading Fx is because I wanted to move to Europe!:-) Three years later, still here. O well, I'm going to give it one more shot with everything i got. See you Monday!
  • #57
  • Jul 12, 2013 11:38am Jul 12, 2013 11:38am
Quoting pbylina
O man, what an inspiration! Funny thing is, the reason I started trading Fx is because I wanted to move to Europe!:-) Three years later, still here. O well, I'm going to give it one more shot with everything i got. See you Monday!
Definitely, DONT GIVE UP... Victorious are the persistent and determined. If you never give up, you can never fail.

See you Monday, bright and early!

G'night all.

~fighter
  • #58
  • Jul 14, 2013 6:40pm Jul 14, 2013 6:40pm
Hmm....Right now the best candidates look like Aud/chf Short and Gbp/Aud Long....We'll see what happens, but I will take your advice and not trade Asian session.
  • #59
  • Jul 14, 2013 11:37pm Jul 14, 2013 11:37pm
Good morning all,

Friday was pretty dead and I didn't do any trading but I did make a deposit to my account of a couple GBP over 9000. You will see that reflect in my balance.

OK so lets get started. The currency pairs I am actively looking for trades on, are as follows -

SHORT -

NZDJPY(being cautious)
AUDJPY(being cautious)
USDCHF(being cautious)
GBPCHF
AUDCAD
NZDCAD
NZDCHF(being cautious)
AUDCHF(being cautious)

LONG -

GOLD
GBPAUD(being cautious)
EURAUD(being cautious)
EURNZD(being cautious)

As of this morning at 5 AM GMT I opened a GBPCHF short in early European trading. As I have mentioned before, I don't typically take trades before the European market open, but since it is pretty close to that time and this setup looked good, I took it and we shall see what happens.

Cheers and happy trades all!

~fighterdude

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF SHORT JUL 15th open 1.png Size: 49 KB


Attached Image (click to enlarge)
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  • #60
  • Jul 15, 2013 3:30am Jul 15, 2013 3:30am
Quoting pbylina
Hmm....Right now the best candidates look like Aud/chf Short and Gbp/Aud Long....We'll see what happens, but I will take your advice and not trade Asian session.

And good thing I listened! Not seeing anything at the moment...
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