Currency trading on D1 time frame

Good honest trades. All explained BEFORE the trades. No B.S. No trying to flog anything. Just good well thought out and executed trades.
Congratulations on being one of the very few honest traders here :clap: :clap:

I agree. (y)
 
Although eurusd is very choppy now, technically it is still in downtrend, so based on Thursday price action I decided to sell with minimum risk.

(T07151) sell eurusd at 1.4146, s/l: 1.4292, t/p: 0.0000 (0.25% risk)
(T07152) sell limit eurusd at 1.4190, s/l: 1.4292, t/p: 1.3986 (0.25% risk)

Trade well
 

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Although eurusd is very choppy now, technically it is still in downtrend, so based on Thursday price action I decided to sell with minimum risk.

(T07151) sell eurusd at 1.4146, s/l: 1.4292, t/p: 0.0000 (0.25% risk)
(T07152) sell limit eurusd at 1.4190, s/l: 1.4292, t/p: 1.3986 (0.25% risk)

Trade well

I didn't get a chance to update here. Status of positions are as below:

(T07151) sell eurusd at 1.4146, s/l: 1.4292, t/p: 0.0000 (0.25% risk)
Position left open over weekend. Last price 1.4156

(T07152) sell limit eurusd at 1.4190, s/l: 1.4292, t/p: 1.3986 (0.25% risk)
Position activated and left open over weekend. Last price 1.4156

Trade well
 

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You want to update us on 2011 summary to now?

Summary of all trades taken in 2011 up to now is in attached file (except two positions which are open right now). Overall profit in 2011 YTD is 1.33%, so I'm still break even in 2011. Overall profit from start of this journal (02. Sep. 2010) is 21.06%.

Trade well
 

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Last edited:
Summary of all trades taken in 2011 up to now is in attached file (except two positions which are open right now). Overall profit in 2011 YTD is 1.33%, so I'm still break even in 2011. Overall profit from start of this journal (02. Sep. 2010) is 21.06%.

Trade well

So cool to look at the overall information over a length of time. Nice work!(y)
 
I didn't get a chance to update here. Status of positions are as below:

(T07151) sell eurusd at 1.4146, s/l: 1.4292, t/p: 0.0000 (0.25% risk)
Position left open over weekend. Last price 1.4156

(T07152) sell limit eurusd at 1.4190, s/l: 1.4292, t/p: 1.3986 (0.25% risk)
Position activated and left open over weekend. Last price 1.4156

Trade well

Euro still does not a show a clear direction. Today candle is a pin bar formed near 1.4000 round number. Both of above positions are still open, I moved stops to 1.4212.

Trade well
 

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I didn't get a chance to update here. Status of positions are as below:

(T07151) sell eurusd at 1.4146, s/l: 1.4292, t/p: 0.0000 (0.25% risk)
Position left open over weekend. Last price 1.4156

(T07152) sell limit eurusd at 1.4190, s/l: 1.4292, t/p: 1.3986 (0.25% risk)
Position activated and left open over weekend. Last price 1.4156

Trade well

Both positions stopped.
Based on Euro price action I decided to buy with minimum risk.

(T07201) buy eurusd at 1.4168, s/l: 1.3990, t/p: 0.0000 (0.25% risk)

I also placed a sell stop order to catch any possible down move.

(T07202) sell stop eurusd at 1.3990, s/l: 1.4140, t/p: 0.0000 (0.25% risk)

Trade well
 

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Both positions stopped.
Based on Euro price action I decided to buy with minimum risk.

(T07201) buy eurusd at 1.4168, s/l: 1.3990, t/p: 0.0000 (0.25% risk)

I also placed a sell stop order to catch any possible down move.

(T07202) sell stop eurusd at 1.3990, s/l: 1.4140, t/p: 0.0000 (0.25% risk)

Trade well

eurusd moved higher. I moved stop loss to 1.4122.

"sell stop" order remains unchanged

Trade well
 

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eurusd moved higher. I moved stop loss to 1.4122.

"sell stop" order remains unchanged

Trade well

Yesterday, eurusd climbed as high as 1.4434, I moved stop to 1.4250.

Trade well
 

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Based on Friday price action, I'm long euro.

new positions:

(T08011) buy eurusd at 1.4377, s/l: 1.4219, t/p: 0.0000 (0.25% risk)
(T08012) buy limit eurusd at 1.4324, s/l: 1.4219, t/p: 1.4534 (0.25% risk)

Trade well
 

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Based on Friday price action, I'm long euro.

new positions:

(T08011) buy eurusd at 1.4377, s/l: 1.4219, t/p: 0.0000 (0.25% risk)
(T08012) buy limit eurusd at 1.4324, s/l: 1.4219, t/p: 1.4534 (0.25% risk)

Trade well

Both positions stopped. Euro is very choppy right now and a wise decision for me would be not to trade until it comes out of 1.4000 - 1.4500 range. But I'd like to see how can I handle this difficult period. So I take a short based on yesterday price action

(T08021) sell eurusd at 1.4267, s/l: 1.4464, t/p: 0.0000 (0.25% risk)
(T08022) sell limit eurusd at 1.4335, s/l: 1.4464, t/p: 1.4077 (0.25% risk)

Trade well
 

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