My trade calls Live

iceman17 · Dec 17, 2010

I have decided to start posting my trade calls so you can see which position I will be trading.
I will be trading mainly the Euro (EURUSD), cable (GBPUSD) and USDJPY, however if i get a good set ups on some of the other pairs such as EURGBP and EURJPY.

Please give feedback and requests.

Iceman

iceman17 · Dec 17, 2010

I am looking for long on EURUSD, EURGBP AND EURJPY.

iceman17 · Dec 17, 2010

iceman17 said:
I am looking for long on EURUSD, EURGBP AND EURJPY.

Looking for price reversal at the 61.8 fib level, will check price action at 13:00 GMT.

iceman17 · Dec 17, 2010

iceman17 said:
Looking for price reversal at the 61.8 fib level, will check price action at 13:00 GMT.

Euro at 61.8% fib and eurjpy at the daily pivot level.

iceman17 · Dec 17, 2010

iceman17 said:
Euro at 61.8% fib and eurjpy at the daily pivot level.

eurgbp also at 61.8% fib level

iceman17 · Dec 17, 2010

iceman17 said:
eurgbp also at 61.8% fib level

long euro at 3264. stop loss at 3235

iceman17 · Dec 17, 2010

iceman17 said:
long euro at 3264. stop loss at 3235

looking for eurjpy to break and close above it's DP.

iceman17 · Dec 17, 2010

iceman17 said:
looking for eurjpy to break and close above it's DP.

She is sitting on the 61.8% fib retrace so she is supported and over sold though we do have the weekly pivot just above at 3270 and the 50% fib level there also but the 61.8 level for is stronger so am happy to hold and EURGBP and EURJPY are also supported at either it's DP level or again 61.8% fib level onn the 30min timeframe.

iceman17 · Dec 17, 2010

iceman17 said:
She is sitting on the 61.8% fib retrace so she is supported and over sold though we do have the weekly pivot just above at 3270 and the 50% fib level there also but the 61.8 level for is stronger so am happy to hold and EURGBP and EURJPY are also supported at either it's DP level or again 61.8% fib level onn the 30min timeframe.

NOTE: cable is currently testing support at it's 7 week trendline

iceman17 · Dec 17, 2010

iceman17 said:
NOTE: cable is currently testing support at it's 7 week trendline

so I have a limit order at 1.3333 and I'll call in on it later.

iceman17 · Dec 17, 2010

URJPY has broken and closed above it's DP but has now also retraced back through and is currently supported by it's 60min 20EMA

redart · Dec 17, 2010

iceman17 said:
long euro at 3264. stop loss at 3235

have you been stopped on this?
cheers

iceman17 · Dec 17, 2010

Black Swan · Dec 17, 2010

iceman17 said:
long euro at 3264. stop loss at 3235

I'll bet you're pleased with that tight stop loss now...but why so tight?

iceman17 · Dec 17, 2010

I like to take an entry where i can expect some momentum so if I'm wrong i'm out and if I'm right I'm able to get out for generally a 3% profit or even 5 and 6% at 1% risk per trade .

Black Swan · Dec 17, 2010

iceman17 said:
I like to take an entry where i can expect some momentum so if I'm wrong i'm out and if I'm right I'm able to get out for generally a 3% profit or even 5 and 6% at 1% risk per trade .

so what criteria for your stop selection; HH or LL of session or an arbitary average? What (typical) TFs you working off?

You looking for up to 6% return for 1% risk? Wow..good luck with that..

Oh, meant to ask, and when your stop was hit did you then short?

redart · Dec 17, 2010

iceman17 said:
Yes

thanks.
Good luck with the journal and kudos for posting real time calls.

Hotch · Dec 17, 2010

Personally I would of had a tighter stop (presume you were looking for a bounce of the res level hoping it becomes support)

To each his own, and in the end, I doubt it makes much difference, I lose more, but win bigger on the ones I do, BS would win more but win less. Don't worry about it, nice to see some live calls in a journal.

iceman17 · Dec 17, 2010

Black Swan said:
so what criteria for your stop selection; HH or LL of session or an arbitary average? What (typical) TFs you working off?

You looking for up to 6% return for 1% risk? Wow..good luck with that..

Oh, meant to ask, and when your stop was hit did you then short?

When I stop was hit it invalidated my other set ups and that one also so I got out and stayed out.

Forexmospherian · Jan 9, 2015

iceman17 said:
long euro at 3264. stop loss at 3235

Black Swan said:
I'll bet you're pleased with that tight stop loss now...but why so tight?

This trader got stopped out on a EU buy with a 29 pip stop loss in position

Another trader questioned why such a tight stop ??

This is the past live call FX threads that I love - traders thinking a tight stop on the EU is 29 pips.

With spreads on EU now under 0.5 pips - experienced Intraday traders need to get down to stops under 10 pips and then when they get their timings correct - down to ideally 3-5 pips including spread

No trader will maintain a 85 or 90% success record on over 1000's of trades using super tight stops - but they don't have to . Over 60% win ratios make it a success and over 70% - then you should make a killing especially if you can then leave some part stake on after scalp with stop in a few pips profit

Take you losses quickly and move on - then on your winners keep locking in profit - and smile ;-)

Regards

F

My trade calls Live

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