as a disclaimer. I don't want any trouble.
everything I post is for education and I am in no way liable for any losses you incur. TRADE AT YOUR OWN RISK.Daily Forex Trading
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achooblessyou
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Daily Forex Trading
Hello, I am using this post as a journal of sorts to log my trading on the forex market. I generally trade GU, UCad, EJ, EU, and occasionally UJ. I use daily pivots and consolidation zones to base my trades around the London open. During the US session I generally look for reversals around important price areas. Hopefully you will see some posts in the near future.
as a disclaimer. I don't want any trouble. everything I post is for education and I am in no way liable for any losses you incur. TRADE AT YOUR OWN RISK.
as a disclaimer. I don't want any trouble.
everything I post is for education and I am in no way liable for any losses you incur. TRADE AT YOUR OWN RISK.
Last edited by achooblessyou on Tue Dec 05, 2017 7:09 pm, edited 2 times in total.
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achooblessyou
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Re: Daily Forex Trading
long EU looking for scraps. Waited for a test of 1.18000. +5
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- EU long 12-5.png (46.38 KiB) Viewed 32403 times
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achooblessyou
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Re: Daily Forex Trading
Still trading for scraps. Got the break of the 21:00 hour high for +2 on EU
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- eu long 2 12-5.png (38.5 KiB) Viewed 32390 times
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achooblessyou
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Re: Daily Forex Trading
Looks too soon eh? seems to have taken off for +30 from my original entry at 1.18000
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achooblessyou
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Re: Daily Forex Trading
Here we go! cross of pivot on GU and EU! lets see where this takes us
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achooblessyou
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Re: Daily Forex Trading
Whew! That was a quick/scary one! I feel like that feeling never passes.... Out GU short at the Frank Open +20
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achooblessyou
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Re: Daily Forex Trading
Annnnnd EU +11 didnt like the price action that was developing around the level it was sitting at so i opted to take my winnings...
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- EU short 12-6 +11.png (21.04 KiB) Viewed 32344 times
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aliassmith
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Re: Daily Forex Trading
achooblessyou wrote:Annnnnd EU +11 didnt like the price action that was developing around the level it was sitting at so i opted to take my winnings...
That is because you was sitting at demand. 11 is good on EU scalp imo.
Trade Your Way as Long as It Makes Money!
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achooblessyou
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Re: Daily Forex Trading
aliassmith wrote:achooblessyou wrote:Annnnnd EU +11 didnt like the price action that was developing around the level it was sitting at so i opted to take my winnings...
That is because you was sitting at demand. 11 is good on EU scalp imo.
I agree it was in a fickle spot! However, during the London open it did end up testing my original TP zone (the red line in the picture) which was a recent was a turning point in the past. I didn't want to risk all my hard earned dollars though
I'm toying with the idea of changing my exit method based on the price action during my trades... Possibly take most out at known resistance levels and let the rest run with a 5-10 pip trailer. For example during that EU trade I could have taken %75 out at +11 and let a bonus run to where ever it wanted to go.... That way I ensure my %%s for the day and I might get some baby/big bonus $$.- Attachments
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achooblessyou
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Re: Daily Forex Trading
Speaking of EU, it has broken the big resistance at 1.18000, and it seems to be heading for another one at 1.17700. If price gets there I will long.
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