Currency trading on D1 time frame

[trader_d]

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.

 

[trader_d]

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

 

[rod_falcon]

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) ?

 

[trader_d]

- Switch to trend fading strategies

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

- 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.

- 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)

 

[trader_d]

No eurusd buying right now.

I place a sell stop:

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

 

[trader_d]

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.

 

[rod_falcon]

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.

 

[trader_d]

No trade for today. Direction of eurusd is not clear to me

 

[trader_d]

No trade for today. Direction of eurusd is not clear to me

No trade for today also. There is no clear trend.

 

[trader_d]

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).

 

[trader_d]

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. :cheesy:

 

[BlueChilli]

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.

 

[trader_d]

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.

 

[trader_d]

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

Have a nice weekend everybody. :cheesy:

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

 

[trader_d]

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.

 

[trader_d]

Enclosed PDF includes details of all trades taken in this journal except today buy order. Overall profit up to now is around 22.26%

 

[trader_d]

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

buy eurusd at 1.3977 s/l: 1.3754 (0.5% risk) is 156 pips in profit, s/l moved to 1.3979

Two new orders placed:

(T11041) buy eurusd at 1.4137, s/l: 1.3979 (0.5% risk)
(T11042) buy limit eurusd at 1.4090, s/l: 1.3979 (0.5% risk)

 

[trader_d]

buy eurusd at 1.3977 s/l: 1.3754 (0.5% risk) is 156 pips in profit, s/l moved to 1.3979

Two new orders placed:

(T11041) buy eurusd at 1.4137, s/l: 1.3979 (0.5% risk)
(T11042) buy limit eurusd at 1.4090, s/l: 1.3979 (0.5% risk)

Today is NFP day. (T11042) buy limit is not activated and is deleted. All stops moved to 1.4090.

 

[trader_d]

Today is NFP day. (T11042) buy limit is not activated and is deleted. All stops moved to 1.4090.

Oops ... !!!

All trades stopped out after NFP released.

(T11011) buy eurusd at 1.3977 stopped out for 113 pips profit.
(T11041) buy eurusd at 1.4137 stopped out for 47 pips loss.

Overall profit percent for this week is 0.1% .... huge return ... ha ???!!!

Attached image is trade summary for this week. Happy weekend everybody.

 

[trader_d]

No trade for today. eurusd trend is not clear to me.

Happy trading