Currency trading on D1 time frame

[trader_d]

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

I remember that trade had 0.5% risk, i.e. around 1.8:1 reward:risk ratio. One could take 2% risk and gain 3.6% reward.
I exactly understand your point. I'm not very concerned about that. I'm still testing the method. My trades are real trades (not demo account), however sometimes I feel I'm too cautious to take trades with 0.5% risk. Hopefully when I'm more confident with the method I'll be a bit more aggressive. BTW I'll be happy to gain 4% monthly with this method.

Thanks for your remark.

 

[trader_d]

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)

Hi,
(T11302) sell limit not activated and deleted.

s/l moved to 1.3160 for following trades

(T11291) sell eurusd at 1.3212
(T11301) sell eurusd at 1.3118

Two new orders placed:

(T12011) sell eurusd at 1.2985, s/l: 1.3160 (0.5% risk)
(T12012) sell limit eurusd at 1.3048, s/l: 1.3160 (0.5% risk)

 

[Black Swan]

I remember that trade had 0.5% risk, i.e. around 1.8:1 reward:risk ratio. One could take 2% risk and gain 3.6% reward.
I exactly understand your point. I'm not very concerned about that. I'm still testing the method. My trades are real trades (not demo account), however sometimes I feel I'm too cautious to take trades with 0.5% risk. Hopefully when I'm more confident with the method I'll be a bit more aggressive. BTW I'll be happy to gain 4% monthly with this method.

Thanks for your remark.

Got ya, so (on average) you're using approx. a 200 pip stop although like me looking for HH or LL of the session or previous session..
Hope you get up to 1% risk, like your style ..

 

[trader_d]

you're using approx. a 200 pip stop

actually stop depends on length of previous day candle.

 

[trader_d]

Hi,
(T11302) sell limit not activated and deleted.

s/l moved to 1.3160 for following trades

(T11291) sell eurusd at 1.3212
(T11301) sell eurusd at 1.3118

Two new orders placed:

(T12011) sell eurusd at 1.2985, s/l: 1.3160 (0.5% risk)
(T12012) sell limit eurusd at 1.3048, s/l: 1.3160 (0.5% risk)

Hi,

all trades stopped on 01-Dec. Overall loss for this week is -0.78%.
I'm not happy with my performance in recent downtrend of eurusd. Actually I compounded a bit aggressively when the market was oversold near key 1.3000 round number.

 

[nubchai]

Hi,

all trades stopped on 01-Dec. Overall loss for this week is -0.78%.
I'm not happy with my performance in recent downtrend of eurusd. Actually I compounded a bit aggressively when the market was oversold near key 1.3000 round number.

Sorry for the stop outs. Have you ever considered closing a trade if in profit each day and opening a new trade if the signal is still there? I'm wondering if in the long run that would bank more pips than using the rolling approach and closing on fridays. I can see some cons though...when you're in astrng trend your current approach certainly builds up a lot of pips.

 

[trader_d]

Hi,
No trade for Monday. Direction of eurusd is not clear to me

Happy trading

 

[trader_d]

Hi,
No trade for Monday. Direction of eurusd is not clear to me

Happy trading

Hi
Monday candle is an inside bar. Therefore, I buy/sell upon break of Monday high/low:

(T12071) sell stop eurusd at 1.3236, s/l: 1.3434 (0.5% risk)
(T12072) buy stop eurusd at 1.3434, s/l: 1.3434 (0.5% risk)

Happy trading

 

[trader_d]

(T12071) sell stop eurusd at 1.3236, s/l: 1.3434 (0.5% risk)
(T12072) buy stop eurusd at 1.3434, s/l: 1.3434 (0.5% risk)

Hi, T12071 activated on 08-Dec. stop is moved to 1.3350.
T12072 is deleted.

 

[trader_d]

... Have you ever considered closing a trade if in profit each day and opening a new trade if the signal is still there? ...

Thanks for your comments. But I don't see any benefit in using this. Maybe I don't understand your point correctly.

 

[nubchai]

Thanks for your comments. But I don't see any benefit in using this. Maybe I don't understand your point correctly.

Well I was thinking that if you locked in profits daily you might end upwith more profits than if you kept trades open until Friday. So Sun night you place a trade. If in profit at the new candle Monday you'd close the Sun trade and open a trade for Monday if there was a valid signal. Etc etc for the rest of the week.

 

[trader_d]

Hi, T12071 activated on 08-Dec. stop is moved to 1.3350.
T12072 is deleted.

(T12071) Position closed on Friday at 1.3229, (roughly break even).

 

[trader_d]

Hi, I continue to sell eurusd.

(T12131) sell eurusd at 1.3184, s/l: 1.3320 (1% risk)

 

[trader_d]

Hi, I continue to sell eurusd.

(T12131) sell eurusd at 1.3184, s/l: 1.3320 (1% risk)

(T12131) stopped. I reverse the position and buy

(T12141) buy eurusd at 1.3390, s/l: 1.3184 (0.5% risk)
(T12142) buy limit eurusd at 1.3320, s/l: 1.3184 (0.5% risk)

 

[trader_d]

(T12131) stopped. I reverse the position and buy

(T12141) buy eurusd at 1.3390, s/l: 1.3184 (0.5% risk)
(T12142) buy limit eurusd at 1.3320, s/l: 1.3184 (0.5% risk)

Hi,
"(T12142) buy limit" is deleted.

 

[trader_d]

Hi,

I place a sell stop order to catch any down move below 1.3180 support level.

(T12161) sell stop eurusd at 1.3167, s/l: 1.3317 (0.5% risk)

 

[trader_d]

Hi,

I place a sell stop order to catch any down move below 1.3180 support level.

(T12161) sell stop eurusd at 1.3167, s/l: 1.3317 (0.5% risk)

T12161 is not activated yet. Stop is changed to 1.3276.

T12141 is stopped out.

 

[trader_d]

T12161 is not activated yet. Stop is changed to 1.3276.

T12141 is stopped out.

Hi,
T12161 activated on 17-Dec and closed at 1.3171 (roughly B/E).

I continue to sell euro

(T12201) sell eruusd at 1.3141, s/l: 1.3326 (0.5% risk).

 

[Gabrial]

Hi, how long do you usually have open trades before you close it? How long does it take to get a result, when you trade on D1?

 

[trader_d]

how long do you usually have open trades before you close it?

My method is discretionary, maybe it is too discretionary. A trade is either
(a) stopped out,
or
(b) is closed it because it is going no where (time stop).

I don't have any rule for (b).

How long does it take to get a result, when you trade on D1?

I don't understand your point here. What do you mean by "get a result"

Cheers