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; Originally Posted by D70 Loving your trade management in this treding market. But I will be interested to see how ...

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Old Oct 15, 2010, 9:03pm   #61
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Re: Currency trading on D1 time frame

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Originally Posted by D70 View Post
Loving your trade management in this treding market.
But I will be interested to see how you adapt to choppy markets when they come.
Thanks for your kind words. Yes, the challenge is when markets gets choppy.
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Old Oct 15, 2010, 9:04pm   #62
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Re: Currency trading on D1 time frame

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buy eurusd at 1.3920 is 104 pips in profit. s/l is moved to 1.3920 (b/e).
right now price is around 1.4026. I will buy again with 0.5% risk

new order ---> buy eurusd at 1.4026 s/l: 1.3920 (0.5% risk)
All trades closed. Tomorrow I will post summary of this week's trades.

Have a nice weekend
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Old Oct 15, 2010, 10:19pm   #63
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Re: Currency trading on D1 time frame

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Yes, the challenge is when markets gets choppy.
Let's say it stays choppy for a while. The options as I see them:

- Switch to trend fading strategies
- Look for trends in other markets
- Stay out, i.e. wait for trends in the same pair

What would you choose (including any other option I haven't considered) ?
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Old Oct 18, 2010, 12:22am   #64
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Re: Currency trading on D1 time frame

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- Switch to trend fading strategies
I'm not familiar with these strategies. Could you please provide a link to more information?

Quote:
Originally Posted by rod_falcon View Post
- Look for trends in other markets
This is one of the alternatives I like. At the moment I don't trade anything except Forex. I can change the pair I trade. I'm thinking about trading exotic pairs like USDSEK in these cases.

Quote:
Originally Posted by rod_falcon View Post
- Stay out, i.e. wait for trends in the same pair
This is good decision when I want to focus on one pair. However, If the pair I trade stays in range bound condition for a long period, I'll be looking for trading another pair (alternative 2 above)
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Old Oct 18, 2010, 12:41am   #65
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Re: Currency trading on D1 time frame

trader_d started this thread No eurusd buying right now.

I place a sell stop:

sell stop eurusd at 1.3764, s/l: 1.3884 (1% risk).
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Old Oct 21, 2010, 9:10am   #66
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Re: Currency trading on D1 time frame

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No eurusd buying right now.

I place a sell stop:

sell stop eurusd at 1.3764, s/l: 1.3884 (1% risk).
HI,

sell stop activated and stopped out. I didn't take any trade today. It seems that I made a mistake, I should have bought eurusd . Lets see what will happen.
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Old Oct 22, 2010, 10:39pm   #67
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Re: Currency trading on D1 time frame

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HI,

sell stop activated and stopped out. I didn't take any trade today. It seems that I made a mistake, I should have bought eurusd . Lets see what will happen.
Hi,

What are you basing your entries on? I am not sure you should be long either, at least according to price action on D1 timeframe, IMHO.

I agree there's no evidence of a downtrend yet, but price has clearly stalled at 1.4000 and it's not making new highs. Slowing momentum and rising volatility should always be a warning sign.
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Old Oct 25, 2010, 5:16am   #68
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Re: Currency trading on D1 time frame

trader_d started this thread No trade for today. Direction of eurusd is not clear to me
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Old Oct 26, 2010, 3:54am   #69
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Re: Currency trading on D1 time frame

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No trade for today. Direction of eurusd is not clear to me
No trade for today also. There is no clear trend.
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Old Oct 28, 2010, 10:01pm   #70
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Re: Currency trading on D1 time frame

trader_d started this thread eurusd is still stalled around 1.4000. However I decided to buy based on today's strong bullish movement. Minimum risk (0.5%) is taken.

buy eurusd at 1.3932 s/l: 1.3723 (0.5% risk).
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Old Oct 29, 2010, 7:47pm   #71
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Re: Currency trading on D1 time frame

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eurusd is still stalled around 1.4000. However I decided to buy based on today's strong bullish movement. Minimum risk (0.5%) is taken.

buy eurusd at 1.3932 s/l: 1.3723 (0.5% risk).
Position closed at 1.3901 (31 pips loss). Position will be re-opened on Monday.

Have a nice weekend everybody.
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Old Oct 31, 2010, 5:41pm   #72
 
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Re: Currency trading on D1 time frame

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All trades closed. Tomorrow I will post summary of this week's trades.

Have a nice weekend
Hi Trader_d, good luck with your jnl, did not see a post of the above, just out of interest.
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Old Oct 31, 2010, 7:10pm   #73
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Re: Currency trading on D1 time frame

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Hi Trader_d, good luck with your jnl, did not see a post of the above, just out of interest.
Yes, I've not update my spreadsheet. Sometimes I'm very lazy. Hopefully I'll update my spreadsheet and post it Monday afternoon. Please comeback soon.

Thanks for your reminder and trade well.
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Old Nov 1, 2010, 12:20am   #74
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Re: Currency trading on D1 time frame

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Position closed at 1.3901 (31 pips loss). Position will be re-opened on Monday.

Have a nice weekend everybody.
position re-opened. However, because of gapped open price, s/l shifted about 51 pips relevant to original order:

buy eurusd at 1.3977 s/l: 1.3754 (0.5% risk)

Trade well
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Old Nov 1, 2010, 7:35pm   #75
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Re: Currency trading on D1 time frame

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Yes, I've not update my spreadsheet. Sometimes I'm very lazy. Hopefully I'll update my spreadsheet and post it Monday afternoon. Please comeback soon.

Thanks for your reminder and trade well.
Attached image is summary of last five trades.
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