FX banter

[Cam019]

I am trying to take a chunk out of the market each day.

This is what I love about trading. Our different beliefs about the markets and our lives outside trading influence our own strategies.

For me, I have no interest (or time) sitting in front of a screen for hours each day watching new candles get created intra-day. I have tried that on different instruments and I don't have an edge doing that. I am a trend follower, plain and simple. I lost over 12.5% of my account doing silly over leveraged things with intra-day charts about 2 weeks ago and just by scaling back to the daily time frame, picking out the longer term trend on the daily charts and not risking more than 1% capital per trade, I have made over triple what I lost just in the last week alone.

 

[Cam019]

Waiting to see if continuation down or a pull back into the box.

I was just checking my pairs before work and I noticed EUR/USD looking like it was moving up for a retest of the box. Interesting!

 

[willoneau]

At crossroads at the moment, waiting to see which way it will go.

 

[willoneau]

Review ,
Just closed my positions for the week, quick post of my results

Mon- didn't trade working.
Tues- -1.49%
Wed- 1.31%
Thurs- 2.53%
Fri- 2.88%.

 

[Triple B]

Gday Will. Good to see you still plugging away at it! Me too. I started to see some profits on a regular basis with XAU. so I put some $$ in . $5k. now up to $6300 from beginning of August. Full Discretion and 2-3% risk. Main thin g I found was to have a stop loss strategy that works with the support /Resistance type trades . And let the suckers run when Gold is moving , trade the range when it stalls.
Going to find the XAU thread I had Going . Forgot about it until today!
See ya

 

[willoneau]

Hi Triple B , yes having another go trying to get consistent.

 

[willoneau]

Back again to discuss trading the EURSUD live with anyone who is interested?

 

[willoneau]

Just re read the thread and good to see how I have progressed with some very good pointers from Peter2 that got me thinking.

 

[willoneau]

waiting for the London market to open at 3pm west aussie time
Took a short position on the asian market with target at daily pivot.

 

[e_abrams]

I closed my EUR/USD short before the market closed this week, I don't trust this range.