Forex trading live calls and set ups

[leovirgo]

Hope all of you have a nice week to start. I am looking for UJ long, GJ long and EG short. No bias on GU and EU yet , too much of yearend mess to sort out.

 

[leovirgo]

Not a single trade for today. That means I've been flat for two days & run out of books to read.

 

[leovirgo]

Short EG 8942. SL -5 TP +10/+66

 

[leovirgo]

50% out TP1 +10, letting the rest run for +66. I will post the chart later for set up.

 

[leovirgo]

out b/e. look to sell cable.

 

[leovirgo]

Just in, short GU 1.6032 SL -33 TP1 +80

 

[leovirgo]

Magic numbers for GU is 1.6045, stay short below that.

For EG it is .8942. Long or short either way. Strict Money mgt with tight stop and 1 Day ATR target will take care of the bottom line. This is what I call MDMean trade. I will post a chart when I have time.

 

[leovirgo]

Ok, cover GU for +60 given that news is coming out soon!

chart here

 

[leovirgo]

Flat for the day so far after missing UJ long and GU short.

 

[leovirgo]

Long UJ 92.99 SL92.80 TP1 +40

 

[leovirgo]

Short EU 1.4322 SL -12 TP +25 and beyond

 

[leovirgo]

UJ and EU both going well so far. EU already reached +25. I will close them well before NFP.

 

[leovirgo]

All out, UJ+35, EU+40

In terms of position sizing ratio, UJ to EU is something like 4:3, therefore, returns on UJ is better though having a lower pip count. It's all about money management.

 

[wh92stang]

Nice trades Leo. Thanks for your posts here. I always miss them because I'm out of your time zone, but it's nice to see someone successfully calling a couple of live trades per day.

 

[leovirgo]

Nice trades Leo. Thanks for your posts here. I always miss them because I'm out of your time zone, but it's nice to see someone successfully calling a couple of live trades per day.

wh92stang,

Thanks for your compliments. Yeh, I am almost done when you wake up. I trade until 4pm uk time, i.e, 11am ET. What is your style, what do you trade?

Looooooooook at the bars after NFP That's why I, as a short term trader, have to stay flat before NFP and FOMC announcements.

 

[wh92stang]

I mainly trade US Stocks. These are longer term swing type trades.

For daytrading I also trade quite a bit of the major currencies (EU, UJ, GU mainly) and crude oil futures. I would say I'm mostly a scalper, rarely in a position longer than an hour.

 

[leovirgo]

I was away on Monday and missed potential EG long.

Today, the markets are not ready for my set ups.

Key levels

Cable: 1.6050
UJ: 92.40
EG: 0.9000
EU: 1.4390

I had short bias for Cable & EU but they have to come below the levels, if not, they could become long potential, still not clear.

 

[leovirgo]

Cable long entry happened too early at 3am uk time. EG long set up was gone. Another day to wait.. may be..

 

[leovirgo]

Short UJ 91.22 SL -16 TP1 +40

 

[leovirgo]

Short EG 8949 SL -6 TP+26