How I Trade While Working Full Time

audchf recap: 2 lower swing highs should have been my clue that this trade wouldn't work. I am hesitant to impose my own analyses on the market, but that's lack of confidence. Usually, when my PA is wrong I miss out on a trade, but I don't lose money that way. It's easy for me to just see an indicator signal and jump in. I need to step back, take a closer look at the market and confirm the trend. There's that balance that I must master of trusting the rules and also reading the price action.

audnzd recap:

chfjpy recap: 2 losers. I closed them down when price was messing around 118.

eurcad recap: 1 trade = winner.

eurchf recap:

gbpnzd recap: missed a nice signal middle of week, but caught the Friday trade. Out before NFP.

Audjpy monday trade:

GBPCHF MONDAY TRADE:
Placed a pending
Filled and on the way
Closed and left runner

cadjpy: there were a few pairs where the RSI looked "messy", but paid off eventually, like this pair.
12am
4am
8am

MONDAY RESULTS = 648.1 pips. I shut down two runners just now. I've met my goals for the week. Now I'll demo and micro lot trade, so I don't give much back to the market if things go south. I still have one trade open, GBPNZD SELL from 8pm. The small AUDCHF trade was a mistake. I got lucky there!



I left a lot of pips on the table today, but I met my goal by following my plan. Total victory.

mopaditi when do You move Your SL to BE?

0.3 X ABR(20)
But I haven't implemented this on every pair yet. I'm still evaluating.

GBPNZD TRADE FROM 8PM LAST NIGHT:

Closed 75% [80.5 pips], moved SL to BE+5 [runner is at 135 pips now]. I slept through the 2nd signal and only got the first! No auto BE on this trade. NOTE: double shark fin pattern in RSI.

Took 3 trades at noon. Closed them out a little after 2 because I wanted to put another 100 pips in the bank. 317.1 pips today so far.

First arrow in EURJPY chart was NOT traded because I did not like the look of the RSI level history at that point.

Some Wednesday trade signals:

Some more Wednesday trades:

USDCHF = 1 LOSS AND 1 WIN

More Wednesday signals:

CADCHF loss + win


EURCAD = 2 LOSSES. Direction and timing were fine, but SL hit almost to the pip

mopaditi can i trade with every currency or specified currency pairs?

Yes

I trade a large basket of many different pairs to reduce my risk on any given trade. I'm more comfortable trading with reduced lot size. Also, there's some pair moving somewhere at any given time so I have plenty of trades to choose from. I avoid the exotic pairs, but only because I don't need them. My system works for me with all the major pairs and their crosses.

Note to self: I expect RSI signals to decrease in magnitude as a trend matures. Historical comparisons of RSI signals for a currency pair is more relevant near the beginning of the trend.