How I Trade While Working Full Time | Page 7 | Forex Factory

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How I Trade While Working Full Time

  • #121
  • Feb 11, 2016 9:35am Feb 11, 2016 9:35am
Gbpnzd 4am sell entry +230 PIPS.
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  • #122
  • Feb 13, 2016 9:18am Feb 13, 2016 9:18am
Usdchf recap

Sell Now
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Sell Now
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CHA-CHING
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  • #123
  • Feb 13, 2016 9:25am Feb 13, 2016 9:25am
Eurgbp recap:

BUY NOW
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CONTINUING PROFIT
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  • #124
  • Feb 13, 2016 9:52am Feb 13, 2016 9:52am
How do you exit trades?
Thanks
  • #125
  • Edited 11:36am Feb 13, 2016 11:14am | Edited 11:36am
Quoting goldfinger
How do you exit trades? Thanks
Hi goldfinger,

Trade exits depend on market conditions. I examine the market as a H4 closes and, depending on how price is behaving - momentum? PA? ABR? indecision factors? How is RSI MTF looking? , I'll make a decision. I'm not afraid to take profit because forex is a fickle, capricious psycho, and sometimes I'll leave a runner. My method produces lots of signals in a week, usually, so I know another trade will be along.

I trade for income, so I will also examine the basket of trades I have going for total pips and often I will close everything all at once if I've met my goals.
  • #126
  • Edited 2:07pm Feb 13, 2016 1:51pm | Edited 2:07pm
cadjpy recap

Monday trade:
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-02-08_0800_CADJPY_8AM_MISSED_THESE.png Size: 56 KB


Tuesday trades
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-02-09_1241_CADJPY_12PM_SELL_ENTRY.png Size: 58 KB


Wednesday trades
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Thursday trades. 2 small losses - out before news on Friday morning.
Attached Image (click to enlarge)
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  • #127
  • Feb 13, 2016 7:37pm Feb 13, 2016 7:37pm
Looking at your trades I realized that CAD/JPY may present a good shorting opportunity soon (when the JPY strengthens further), if traded on higher timeframes.
  • #128
  • Feb 14, 2016 7:42pm Feb 14, 2016 7:42pm
Quoting mopaditi
{quote} Hi goldfinger, Trade exits depend on market conditions. I examine the market as a H4 closes and, depending on how price is behaving - momentum? PA? ABR? indecision factors? How is RSI MTF looking? , I'll make a decision. I'm not afraid to take profit because forex is a fickle, capricious psycho, and sometimes I'll leave a runner. My method produces lots of signals in a week, usually, so I know another trade will be along. I trade for income, so I will also examine the basket of trades I have going for total pips and often I will close everything...
thank you sir.
  • #129
  • Feb 15, 2016 6:58am Feb 15, 2016 6:58am
EURCHF gave a RSI MTF signal at 12am, but it was out of step with correlating pairs, so no trade. No other signals last night.

Attached Image (click to enlarge)
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  • #130
  • Edited 3:59am Feb 16, 2016 3:40am | Edited 3:59am
EURCHF gives a SELL signal at 12am, albeit a weak one, but is out of step with all the other CHF pairs - no trade.
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  • #131
  • Feb 16, 2016 3:43am Feb 16, 2016 3:43am
AUDUSD trade
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-02-15_1209_AUDUSD_12PM_BUY_ENTRY.png Size: 55 KB

SL moved to BE
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Closed at 31 pips
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  • #132
  • Feb 16, 2016 3:44am Feb 16, 2016 3:44am
USDCAD trade
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-02-15_1213_USDCAD_12PM_SELL_ENTRY.png Size: 60 KB

SL moved to BE
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Click to Enlarge Name: 2016-02-15_2001_USDCAD_8PM_SL_TO_BE.png Size: 61 KB

Closed at 75 pips
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  • #133
  • Edited 3:58am Feb 16, 2016 3:48am | Edited 3:58am
NZDUSD trade
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SL moved to BE
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Click to Enlarge Name: 2016-02-15_2000_NZDUSD_8PM_SL_TO_BE.png Size: 56 KB

SL hit at BE
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  • #134
  • Feb 16, 2016 3:52am Feb 16, 2016 3:52am
CHFJPY trade
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-02-15_1603_CHFJPY_4PM_SELL_ENTRY.png Size: 57 KB

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Should have taken 2 positions and exited both here with a larger profit. As it was I got 9 pips.
Attached Image (click to enlarge)
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  • #135
  • Feb 16, 2016 3:57am Feb 16, 2016 3:57am
Tuesday at 4 am: I'm 115 pips up for the week and not feeling well. I'm flat. I'm going to rest on my day off and see how I feel tomorrow. My health affects my mental state which affects my trading, and I want to be at my peak whenever I trade. I'm stepping away for now.
  • #136
  • Feb 17, 2016 10:54am Feb 17, 2016 10:54am
I opened a bunch of trades this morning at 8am. I closed them all at 9:30 or so because I was up a total of 155 pips. Some of them turned around after that point and would be losing now. I need to examine the high [buy]/low[sell] of the signal candle in relation to previous swing high/low. Does the signal candle reflect a continuation of the trend or does it indicate a higher probability of a reversal? Perhaps I can use this idea as a filter to pay attention to. The three charts below illustrate this situation. I remember being eager to trade this morning and wanting to be fearless and take all the signals no matter what.
Attached Image (click to enlarge)
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  • #137
  • Feb 20, 2016 10:37am Feb 20, 2016 10:37am
Gbpusd recap:

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  • #138
  • Feb 20, 2016 10:39am Feb 20, 2016 10:39am
EURJPY recap:

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  • #139
  • Feb 20, 2016 10:41am Feb 20, 2016 10:41am
Gbpjpy recap:

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  • #140
  • Feb 20, 2016 10:44am Feb 20, 2016 10:44am
Audusd recap:

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