Daily Forex Trading

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LeMercenaire
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Re: Daily Forex Trading

Postby LeMercenaire » Mon Dec 11, 2017 1:24 pm

Continuing the theme, there was a nice little 7-Bar-Break move on CJ this morning. It led me into a TS 1-2-3 on the H1.

InkedCADJPYM30asnicelittle7-bar-breakon30min11thDec17_LIcrop.jpg
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CJ is up to all sorts of stuff just now, great for all sorts of methods.

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achooblessyou
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Re: Daily Forex Trading

Postby achooblessyou » Mon Dec 11, 2017 6:27 pm

LeMercenaire wrote:Continuing the theme, there was a nice little 7-Bar-Break move on CJ this morning. It led me into a TS 1-2-3 on the H1.

InkedCADJPYM30asnicelittle7-bar-breakon30min11thDec17_LIcrop.jpg

CJ is up to all sorts of stuff just now, great for all sorts of methods.

I haven't actually looked at that pair much... Even though the day was small its moves were very straight forward. good stuff:)

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achooblessyou
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Re: Daily Forex Trading

Postby achooblessyou » Mon Dec 11, 2017 6:28 pm

LeMercenaire wrote:Continuing the theme, there was a nice little 7-Bar-Break move on CJ this morning. It led me into a TS 1-2-3 on the H1.

InkedCADJPYM30asnicelittle7-bar-breakon30min11thDec17_LIcrop.jpg

CJ is up to all sorts of stuff just now, great for all sorts of methods.

I haven't actually looked at that pair much... Even though the day was small its moves were very straight forward. good stuff:)

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achooblessyou
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Re: Daily Forex Trading

Postby achooblessyou » Mon Dec 11, 2017 6:50 pm

I guess there is a theme now lol. Didn't trade it because I was already in GU long (before the open I know it was a risky one), but the EG set up worked out well. There were 2 15 min candle closes outside the c-zone first. They were too small, so I would not have traded them. Followed by a short back into the zone and a test of the "outside bar" low before shooting off north. Plenty of opportunities to trade some lines there :D
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achooblessyou
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Re: Daily Forex Trading

Postby achooblessyou » Tue Dec 12, 2017 5:17 am

EG in a 10 pip range for a good while now
egconsol12-11.png
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GU is also consolidating in a 17 pip range
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LeMercenaire
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Re: Daily Forex Trading

Postby LeMercenaire » Tue Dec 12, 2017 8:45 am

achooblessyou wrote:EG in a 10 pip range for a good while nowegconsol12-11.png
GU is also consolidating in a 17 pip range

Red news on GBP this morning and Dragonbreath spouts forth in the evening (re Euro).

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Re: Daily Forex Trading

Postby achooblessyou » Tue Dec 12, 2017 8:57 am

GU +2% cz break. it messed about, but I managed to make it out floating:D probably not the best time to be trading the cable with big news soon.
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Re: Daily Forex Trading

Postby achooblessyou » Wed Dec 13, 2017 6:45 am

some pivot play today....

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Re: Daily Forex Trading

Postby achooblessyou » Wed Dec 13, 2017 6:12 pm

A few trades today.... rather long and drawn out session for me. First, I took EU on a close short across the pivot and had to hold the trade negative for quite a while. Luckily I was paying attention to the 5 minute price action and could add in my positions in the correct spots (S/D zones?). I ended up taking profit at -2 pips from my original entry.
EU pivot cross.png
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While EU was sitting in the ditch I shorted GU 1 minute after the GBP news release to regain some of my draw down (it was also a reverse signal from R1). Took out at the pivot.
GUnewsrelatedDR1reverse.png
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Finally I took +5 on EG after I saw some price action of a small bounce from S1.
EGS1dailylowreverseScalp+5.png
EGS1dailylowreverseScalp+5.png (52.23 KiB) Viewed 505 times

A very slow day on what I decided to trade, but I did not see any bias on which pair would actually be best to trade on. +1% today.

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Re: Daily Forex Trading

Postby achooblessyou » Wed Dec 13, 2017 7:24 pm

shorted UC in the direction of the 5 min close before the FOMC took out at ms1 +13* (spread)
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