From HKD$3000 to my dream | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

HKMA and Trading USD/HKD 25 replies

USD/HKD carry trade? 3 replies

Strong HKD - Strong Yen? 1 reply

China News HKD in Forex Factory Calender? 11 replies

The Interest Rates of the HKD !? 1 reply

Attachments: From HKD$3000 to my dream
Exit Attachments

From HKD$3000 to my dream

  • #141
  • Feb 13, 2017 10:28am Feb 13, 2017 10:28am
Quoting 90strader
{quote} because i can at least double my profits today if i close all my short at 1220 of course i know no one can sell at the highest and buy at the lowest every time but those closing at 1228.8 and 1226 are just not good enough
Maybe because it just breaks out of a range so have potential to move further down? But that's just hindsight..
Still H1 200MA is strong s/r.
Anyway, impressive trading today!

My experience is the big move often happens between 9pm to midnight in Asia.. Very bad for sleeping quality.lol
  • #142
  • Feb 13, 2017 11:06am Feb 13, 2017 11:06am
Quoting 90strader
{quote} at that time, USDJPY and EURUSD both tested SMA 50 in H1 and turned around GOLD also cannot breakthrough SMA 50 in H1 too. so i think USDJPY should go up and EURUSD should go down in hours time = USD strong (if you see USDX, it also tested SMA 50 in H1 too) i really love SMA 50, simple but so powerful
The udx looks good on the weekly chart.
100% KENYAN.
  • #143
  • Feb 13, 2017 1:42pm Feb 13, 2017 1:42pm
Very motivating Keep going and follow your dreams!
I`m limiting my Risk & trying maximize my profits.
  • #144
  • Edited Mar 14, 2018 10:11am Feb 13, 2017 2:53pm | Edited Mar 14, 2018 10:11am
maybe read trading in the zone, which is a great book about trading psychologies and how to deal with bad and good trades.

{ copyrighted attachment deleted by staff }
  • #145
  • Feb 13, 2017 7:17pm Feb 13, 2017 7:17pm
Quoting antonym
{quote} Maybe because it just breaks out of a range so have potential to move further down? But that's just hindsight.. Still H1 200MA is strong s/r. Anyway, impressive trading today! My experience is the big move often happens between 9pm to midnight in Asia.. Very bad for sleeping quality.lol
yes, so true
but i tend to skip the midnight session
i really wish i can quit my full-time job
  • #146
  • Feb 13, 2017 7:44pm Feb 13, 2017 7:44pm
Quoting 90strader
{quote} yes, so true but i tend to skip the midnight session i really wish i can quit my full-time job
Keep it up and your wish will become reality, you're definitely doing it right
  • #147
  • Feb 13, 2017 9:34pm Feb 13, 2017 9:34pm
Hi all,
Just opened an short position (only for testing with FF about the leverage and lot issue on my TE)
so please don't take it too serious

P.S. thanks all of your support and i will definitely keep fighting to my dream
  • #148
  • Feb 13, 2017 10:12pm Feb 13, 2017 10:12pm
Quoting 90strader
{quote} Thanks mate! But i really need to improve my exit, do you have any suggestion?
Sadly no one can't predict when the trend is going to be over. The only way of avoiding missing the continuation of trend is by way of Multiple Entries/ Multiple Exits method which you already using at this moment. You may consider instead of letting 5/5 of your trades close, set to BE and let one run free and see where it goes. Risk free.


Another method I use is by way of hedging (which is not very user-friendly if you are not doing too well with maths! )
  • #149
  • Feb 14, 2017 1:36am Feb 14, 2017 1:36am
I put a sell limit on 1229.7 which was a major resistance. Price rebounded and I am now able to lock in my profits by modifying the Stop Loss.

The list of support/resistance did its work here. Thanks 90strader
  • #150
  • Feb 14, 2017 4:29am Feb 14, 2017 4:29am
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #151
  • Feb 14, 2017 5:28am Feb 14, 2017 5:28am
Looking bluish above 1215x 
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-02-14-16-27-30.png Size: 120 KB
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -299
  • #152
  • Feb 14, 2017 6:43am Feb 14, 2017 6:43am
Quoting FxLapozi
{quote} Sadly no one can't predict when the trend is going to be over. The only way of avoiding missing the continuation of trend is by way of Multiple Entries/ Multiple Exits method which you already using at this moment. You may consider instead of letting 5/5 of your trades close, set to BE and let one run free and see where it goes. Risk free. Another method I use is by way of hedging (which is not very user-friendly if you are not doing too well with maths! )
yes, i think it is one of the method that make me feel better whenever i sealed the profits too soon
i don't like hedging, that's too complicated, and i always want to trade in one direction
  • #153
  • Feb 14, 2017 6:46am Feb 14, 2017 6:46am
Quoting Chau1985
I put a sell limit on 1229.7 which was a major resistance. Price rebounded and I am now able to lock in my profits by modifying the Stop Loss. The list of support/resistance did its work here. Thanks 90strader
good to hear that
hope you did TP at 1227.6
  • #154
  • Feb 14, 2017 6:57am Feb 14, 2017 6:57am
Hi all
just finished my work back home
and i think i just missed the train today

P.S. but something strange is only GOLD is moving now..hmmmm
  • #155
  • Feb 14, 2017 7:20am Feb 14, 2017 7:20am
Quoting 90strader
Hi all just finished my work back home and i think i just missed the train today P.S. but something strange is only GOLD is moving now..hmmmm
90s do you trade or take on trades shortly before high impact news? Lets say like before the yellen talk later today or do you keep out?
  • #156
  • Feb 14, 2017 7:28am Feb 14, 2017 7:28am
Quoting B00bies
{quote} 90s do you trade or take on trades shortly before high impact news? Lets say like before the yellen talk later today or do you keep out?
i don't mind trading with news and i won't avoid trading with news
but from how the GOLD move before PPI release, i think it is going to be good on USD
  • #157
  • Feb 14, 2017 7:37am Feb 14, 2017 7:37am
Quoting 90strader
{quote} i don't mind trading with news and i won't avoid trading with news but from how the GOLD move before PPI release, i think it is going to be good on USD
And i guess it right this time

Attached Image (click to enlarge)
Click to Enlarge Name: Y170214.PNG Size: 15 KB
  • #158
  • Edited 8:41am Feb 14, 2017 7:55am | Edited 8:41am
Quoting 90strader
{quote} good to hear that hope you did TP at 1227.6
I took profit at 1228 thanks to a stoploss. I did the same trade again when it touched 1229.7 again and got out with a small profit.

EDIT: again it bounced off at 1234 where I could take some profit. So my question now is, is the 1229.7 now becoming a resistance? Now it also comes to 1234, will there new sword lines evolve?
  • #159
  • Feb 14, 2017 8:49am Feb 14, 2017 8:49am
So now we are ranging between 1231.4 and 1234
I have no specific direction right now, as i think in a longer term, GOLD should go up
But in short term, it looks like this is not the case tonight
i will probably stay away until breakthrough confirmed

1220.3 (important support)
1223.6
1225.8/1227.6
1229.7 (important support)
1231.4
1234
1236.7
1238.9
1240.9
1242.7
  • #160
  • Feb 14, 2017 9:08am Feb 14, 2017 9:08am
Quoting 90strader
So now we are ranging between 1231.4 and 1234 I have no specific direction right now, as i think in a longer term, GOLD should go up But in short term, it looks like this is not the case tonight i will probably stay away until breakthrough confirmed 1220.3 (important support) 1223.6 1225.8/1227.6 1229.7 (important support) 1231.4 1234 1236.7 1238.9 1240.9 1242.7
wow
my MT4 just frozen and hit my TP at 1227.5 in like 1 sec
didn't expect it move so quick
BTW if you did look at USDJPY, you should find it had breakthrough few mins earlier
and that's the time that i decided to short GOLD

thanks UJ

EDIT: you may also see how powerful those sword lines are, this time is 1223.6
0 traders viewing now