Currency trading on D1 time frame

This is a discussion on Currency trading on D1 time frame within the Trading Journals forums, part of the Reception category; Hi, euro is goring down. Not sure this is retracement or reversal, since major trend is still up we go ...

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Old Mar 9, 2011, 1:22am   #181
Joined Aug 2010
Re: Currency trading on D1 time frame

trader_d started this thread Hi,

euro is goring down. Not sure this is retracement or reversal, since major trend is still up we go short with minimal risk.

(T03091) sell eurusd at 1.3893, s/l: 1.4010 (0.25% risk)
(T03092) sell limit eurusd at 1.3928, s/l: 1.4010 (0.25% risk)

Trade well
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Old Mar 11, 2011, 2:13am   #182
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Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by trader_d View Post
Hi,

euro is goring down. Not sure this is retracement or reversal, since major trend is still up we go short with minimal risk.

(T03091) sell eurusd at 1.3893, s/l: 1.4010 (0.25% risk)
(T03092) sell limit eurusd at 1.3928, s/l: 1.4010 (0.25% risk)

Trade well
Both orders are active. Stops moved to 1.3910.

Trade well
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Old Mar 14, 2011, 3:27am   #183
Joined Aug 2010
Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by trader_d View Post
Both orders are active. Stops moved to 1.3910.

Trade well
Both orders stopped on Friday.
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Old Mar 14, 2011, 3:36am   #184
Joined Aug 2010
Re: Currency trading on D1 time frame

trader_d started this thread Hi,

(T03141) buy eurusd at 1.3930, s/l: 1.3742, t/p: 0 (0.5% risk)
(T03142) buy limit eurusd at 1.3860, s/l: 1.3742, t/p: 1.4096 (0.5% risk)

Trade well
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Old Mar 15, 2011, 12:25am   #185
Joined Aug 2010
Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by trader_d View Post
Hi,

(T03141) buy eurusd at 1.3930, s/l: 1.3742, t/p: 0 (0.5% risk)
(T03142) buy limit eurusd at 1.3860, s/l: 1.3742, t/p: 1.4096 (0.5% risk)

Trade well
(T03141) buy eurusd at 1.3930, ----> stop moved to 1.3880 (t/p: 0)
(T03142) buy limit eurusd at 1.3860 ----> deleted

Another buy limit order placed:
(T03151) buy limit eurusd at 1.3950, s/l: 1.3880, t/p: 1.4100 (0.5% risk)

Trade well
Attached Thumbnails
euro0315.gif  
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Old Mar 16, 2011, 4:35am   #186
Joined Aug 2010
Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by trader_d View Post
(T03141) buy eurusd at 1.3930, ----> stop moved to 1.3880 (t/p: 0)
(T03142) buy limit eurusd at 1.3860 ----> deleted

Another buy limit order placed:
(T03151) buy limit eurusd at 1.3950, s/l: 1.3880, t/p: 1.4100 (0.5% risk)

Trade well
OK, market hit our stops and moved in anticipated direction.
Euro is struggling to break 1.4000, I will buy again but with minimum risk. I will also place an S&R sell order.

(T03161) buy eurusd at 1.3965, s/l: 1.3845, t/p: 0.0000 (0.25% risk)
(T03162) buy limit eurusd at 1.3910, s/l: 1.3845, t/p: 1.4040 (0.25% risk)
(T03163) sell stop eurusd at 1.3845, s/l: 1.3945, t/p: 0.0000 (0.25% risk)

Trade well
Attached Thumbnails
euro0316.gif  
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Old Mar 17, 2011, 10:22pm   #187
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Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by trader_d View Post
OK, market hit our stops and moved in anticipated direction.
Euro is struggling to break 1.4000, I will buy again but with minimum risk. I will also place an S&R sell order.

(T03161) buy eurusd at 1.3965, s/l: 1.3845, t/p: 0.0000 (0.25% risk)
(T03162) buy limit eurusd at 1.3910, s/l: 1.3845, t/p: 1.4040 (0.25% risk)
(T03163) sell stop eurusd at 1.3845, s/l: 1.3945, t/p: 0.0000 (0.25% risk)

Trade well
(T03161) buy eurusd at 1.3965 ---> is still open stop moved to 1.3860.
(T03162) buy limit eurusd at 1.3910 ---> t/p hit (it's the first trade with t/p on this journal, unfortunately I made a mistake on this trade. trade size taken is smaller than 0.25% risk).
(T03163) sell stop eurusd at 1.3845, is deleted to modify S&R entry

new/modified trades:

(T03181) buy limit eurusd at 1.3981, s/l: 1.3860, t/p: 1.4200 (0.5% risk)
(T03182) sell stop eurusd at 1.3860, s/l: 1.3960, t/p: 0.0000 (0.5% risk)

Trade well
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Old Mar 19, 2011, 6:45pm   #188
Joined Aug 2010
Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by trader_d View Post
(T03161) buy eurusd at 1.3965 ---> is still open stop moved to 1.3860.
(T03162) buy limit eurusd at 1.3910 ---> t/p hit (it's the first trade with t/p on this journal, unfortunately I made a mistake on this trade. trade size taken is smaller than 0.25% risk).
(T03163) sell stop eurusd at 1.3845, is deleted to modify S&R entry

new/modified trades:

(T03181) buy limit eurusd at 1.3981, s/l: 1.3860, t/p: 1.4200 (0.5% risk)
(T03182) sell stop eurusd at 1.3860, s/l: 1.3960, t/p: 0.0000 (0.5% risk)

Trade well
Unfortunately, I was unable to closed trades on Friday night due to connectivity problems on my mobile device.

Here are the status:
(T03161) buy eurusd at 1.3965 ---> is still open with 213 pips profit with s/l at 1.3860
(T03181) buy limit eurusd at 1.3981 ---> not activated, actually missed by 1 or 2 pips.
(T03182) sell stop eurusd at 1.3860 ----> not activated
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Old Mar 21, 2011, 5:01am   #189
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Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by trader_d View Post
Unfortunately, I was unable to closed trades on Friday night due to connectivity problems on my mobile device.

Here are the status:
(T03161) buy eurusd at 1.3965 ---> is still open with 213 pips profit with s/l at 1.3860
(T03181) buy limit eurusd at 1.3981 ---> not activated, actually missed by 1 or 2 pips.
(T03182) sell stop eurusd at 1.3860 ----> not activated
Well, market opened with no gaps.

Here are the status:
(T03161) buy eurusd at 1.3965 ---> is still open, s/l moved to 1.3965
(T03181) buy limit eurusd at 1.3981 ---> deleted, another buy limit placed
(T03182) sell stop eurusd at 1.3860 ----> not activated,

new buy limit
(T03211) buy limit eurusd at 1.4065, s/l: 1.3965, t/p: 1.4250 (0.5% risk)

Trade well
Attached Thumbnails
eur21.gif  
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Old Mar 22, 2011, 2:04am   #190
 
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Joined Mar 2010
Re: Currency trading on D1 time frame

TD, I just began using this forum again and stumbled upon your postings. I noticed as I was looking at your attachments that you no longer are using Bollinger. Any reason? I personally thought that it made it easier to see the direction of the trend; aside from naked charts reading.
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Old Mar 22, 2011, 3:45am   #191
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Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by trader_d View Post
Well, market opened with no gaps.

Here are the status:
(T03161) buy eurusd at 1.3965 ---> is still open, s/l moved to 1.3965
(T03181) buy limit eurusd at 1.3981 ---> deleted, another buy limit placed
(T03182) sell stop eurusd at 1.3860 ----> not activated,

new buy limit
(T03211) buy limit eurusd at 1.4065, s/l: 1.3965, t/p: 1.4250 (0.5% risk)

Trade well
(T03161) buy eurusd at 1.3965 ---> closed at 1.4221
T03211) buy limit eurusd at 1.4065 ---> not activated, it will remain in place
(T03182) sell stop eurusd at 1.3860 ----> deleted

I close my buy order since euro is near a resistance level. Let's see what happens.

Trade well
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Old Mar 22, 2011, 3:48am   #192
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Chart

trader_d started this thread here is the chart
Attached Thumbnails
eur22.gif  
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Old Mar 22, 2011, 3:52am   #193
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Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by pinoyboy View Post
TD, I just began using this forum again and stumbled upon your postings. I noticed as I was looking at your attachments that you no longer are using Bollinger. Any reason? I personally thought that it made it easier to see the direction of the trend; aside from naked charts reading.
Actually I still use them. However, when attaching charts here I recently use another template of my MT4 for more clear charts which does not include Bollinger Bands.

Trade well.
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Old Mar 23, 2011, 1:24am   #194
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Re: Currency trading on D1 time frame

trader_d started this thread
Quote:
Originally Posted by trader_d View Post
(T03161) buy eurusd at 1.3965 ---> closed at 1.4221
T03211) buy limit eurusd at 1.4065 ---> not activated, it will remain in place
(T03182) sell stop eurusd at 1.3860 ----> deleted

I close my buy order since euro is near a resistance level. Let's see what happens.

Trade well
euro stalled at 1.4250 resistance level. I'll keep my buy limit order at 1.4065 level.

Trade well


P.S.: The sell order on attached chart is not related my D1 trading method.
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eur23.gif  
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Old Mar 23, 2011, 10:46pm   #195
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Re: Currency trading on D1 time frame

trader_d started this thread I deleted buy limit and sold euro.

New orders:

(T03241) sell eurusd at 1.4080, s/l: 1.4210, t/p: 0.0000 (0.5% risk)
(T03242) sell limit eurusd at 1.4130, s/l: 1.4210, t/p: 1.4010 (0.5% risk)

Trade well
Attached Thumbnails
eur24.gif  
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