Forex trading ideas

Gus01

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Evening all,
Well, what's the point of this then ?
Two fold really from my point of view. It may help newer member with a few ideas, and hopefully I will receive some feedback that my improve my trading.

My method is simple. Use daily charts on the 12 major currency pairs, watch out for a few signals and trade what you see.
No indicators, just candlesticks, the bit of simple fib, and a bit of S&R.

I will aim to update this journal this time every day, and lets see what happens.

I will post live trades, using the price given by my account provider, finspreads. I will trade the spot price for ease, and we'll see if I can make a profit !

OK, first trade:
Buy AUD against USD at 0.7832, with a stop at 0.7690.

Second trade:
Buy GBP against CHF at 1.7568, with a stop at 1.7380.

As you can see I always trade with a stop.
I try to look for a risk:reward ratio of at least 2:1.
I will usually move stops to break even if we get to profit.

I will explain my methods as I go, but I guess before I waffle too much we'd better see if my methods are worth following !
 
Well, what a first day. We were on the right side with both of these trades.
Finspreads are currently calling:
GBPCHF 1.7762
AUDUSD 0.7936

Will update in the next 15 minutes after I've scanned to see of we have any new opportunities
 
Not much happening this evening.
If you see nothing:do nothing.
Very tempted to take the 300 points we have just now, but will resist.
We'll lock in 1oo points on the CGF trade, and move the AUDUSD to break even.

Bye for now
 
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