Currency trading on D1 time frame

[trader_d]

Hi,
It seems that eurusd is going to change its upward trend. I'm waiting for support area around 1.3740 to break to enter a short trade. Look at the attached chart which shows the support area.
In next post I place a sell stop order to catch any possible down move.

 

[trader_d]

(T11111) sell stop eurusd at 1.3661, s/l: 1.3836 (0.5 risk)

 

[trader_d]

(T11111) sell stop eurusd at 1.3661, s/l: 1.3836 (0.5 risk)

Trade closed at 1.3682 for 21 pips loss.

Have a nice week end every body.

 

[trader_d]

Sell position re-opened.
(T11151) sell eurusd at 1.3715, s/l: 1.3836 (position size same as T11111)

Happy trading

 

[trader_d]

Sell position re-opened.
(T11151) sell eurusd at 1.3715, s/l: 1.3836 (position size same as T11111)

Happy trading

s/l for T11151 changed to 1.3758.

two new orders placed.

(T11161) sell eurusd at 1.3579, s/l: 1.3758 (0.5 % risk)
(T11162) sell limit eurusd at 1.3632, s/l: 1.3758 (0.5 % risk)

Happy trading

 

[trader_d]

s/l for T11151 changed to 1.3758.

two new orders placed.

(T11161) sell eurusd at 1.3579, s/l: 1.3758 (0.5 % risk)
(T11162) sell limit eurusd at 1.3632, s/l: 1.3758 (0.5 % risk)

Happy trading

Hi, All stops moved to 1.3667.

two new orders placed.

(T11171) sell eurusd at 1.3506, s/l: 1.3667 (0.5 % risk)
(T11172) sell limit eurusd at 1.3560, s/l: 1.3667 (0.5 % risk)

 

[trader_d]

Hi, All stops moved to 1.3667.

two new orders placed.

(T11171) sell eurusd at 1.3506, s/l: 1.3667 (0.5 % risk)
(T11172) sell limit eurusd at 1.3560, s/l: 1.3667 (0.5 % risk)

Oops ... market turned and hit stops.
No trade for today ... trend is not clear to me.
Will post results of this week trades soon.

Trade well

 

[trader_d]

Will post results of this week trades soon.

Trade well

Hi,

Attached image is trade summary previous three weeks. Overall I had 1.21% loss.

 

[trader_d]

I won't take any trades for Monday. Direction of eurusd is not clear to me. I'll go long if it breaks the resistance area shown in attached image, and I'll go short if last three days gain shown to be a correction.

Happy trading

 

[trader_d]

Hi
It seems that eurusd is going to continue its down trend. I decided to sell with minimum risk.

(T11231) sell eurusd at 1.3598, s/l: 1.3798 (0.5% risk).

 

[trader_d]

Hi
It seems that eurusd is going to continue its down trend. I decided to sell with minimum risk.

(T11231) sell eurusd at 1.3598, s/l: 1.3798 (0.5% risk).

Yesterday we had huge drop in eurusd, but I prefer not to add to my sell position after this huge drop. s/l is moved to 1.3550.

Happy trading

 

[trader_d]

s/l moved to 1.3433. Happy trading

 

[trader_d]

(T11231) sell eurusd closed at 1.3236 for 362 pips profit (0.91% profit).
Position will be re-opened on Monday.

Have a nice weekend everybody

 

[trader_d]

Position will be re-opened on Monday.

Hi,

(T11291) sell eurusd at 1.3212, s/l: 1.3370 (1% risk)

Happy trading

 

[trader_d]

(T11291) sell eurusd at 1.3212, s/l: 1.3370 (1% risk)

Hi,

s/l for T11291 sell eurusd at 1.3212 moved to 1.3310

Two new orders placed:

(T11301) sell eurusd at 1.3118, s/l: 1.3310 (0.5% risk)
(T11302) sell limit eurusd at 1.3166, s/l: 1.3310 (0.5% risk)

Happy trading

 

[Black Swan]

(T11231) sell eurusd closed at 1.3236 for 362 pips profit (0.91% profit).
Position will be re-opened on Monday.

Have a nice weekend everybody

Outstanding. Much respect...

 

[nubchai]

Trader_D

Very nice system. Congratulations. Can you please share how you set your SLs? I thought it mght be Fibs but after looking at your charts I can seethat's not it.

Thanks!
Sandy

 

[trader_d]

Trader_D

Very nice system. Congratulations. Can you please share how you set your SLs? I thought it mght be Fibs but after looking at your charts I can seethat's not it.

Thanks!
Sandy

Hi Sandy,

Stops are usually 10 pips above/below High/Low of previous day candle.

Cheers

 

[nubchai]

Hi Sandy,

Stops are usually 10 pips above/below High/Low of previous day candle.

Cheers

Thanks Trader_d. Nice and simple

Sandy

 

[Black Swan]

Outstanding. Much respect...

Sorry I meant to add, 0.9% reward for 380+ pips profit, you happy with that?