superfrost
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Hi all
Have had a user for years but never used it as I was active on the forum InformedTrades which unfortunately is now gone. As my first post I'd like to show my entire trades of today, which is the first day of daytrading forex in a long time.
I have been using tradingview software, since the charts from my broker dukascopy are dissappointing in functions. I will give a quick comment of each trade, with entries marked black and numbered.
1) mostly based on momentum and break of the horizontal level. Close to labelling this as a mistake now, as I missed the then recent turn at same level an hour before.
2) + 3) a short at intraday high. When this went to the area of the next entry marking I wanted to take off half of the trade size. Couldn't find the option to do this with dukascopy so went long with a new trade sized half of the original. Ended up closing the new trade back at point 2. Decided to keep original trade size on instead of closing half of that - which would make equal the same return as had I closed half of the short position when I wanted to.
4) Entry based on support level being recently strong and sharply defined. Had some momentum, then stopped out.
5) On even shorter timeframe than 1M there were signs of a rising triangle, which could confirm reversal at a level already established.
6) This level was at this point very clearly defined, which made for a possibility in setting a tight stop loss. This enabled me to set up a trade with 1:10 Risk:Reward - which eventually went through. Definitely an exception to see something like this set up and go home.
All in all 3 small losses. A short which turned into 2 separate trades, that both went through. Then eventually a homerun trade. Any questions welcome.
Have had a user for years but never used it as I was active on the forum InformedTrades which unfortunately is now gone. As my first post I'd like to show my entire trades of today, which is the first day of daytrading forex in a long time.
I have been using tradingview software, since the charts from my broker dukascopy are dissappointing in functions. I will give a quick comment of each trade, with entries marked black and numbered.
1) mostly based on momentum and break of the horizontal level. Close to labelling this as a mistake now, as I missed the then recent turn at same level an hour before.
2) + 3) a short at intraday high. When this went to the area of the next entry marking I wanted to take off half of the trade size. Couldn't find the option to do this with dukascopy so went long with a new trade sized half of the original. Ended up closing the new trade back at point 2. Decided to keep original trade size on instead of closing half of that - which would make equal the same return as had I closed half of the short position when I wanted to.
4) Entry based on support level being recently strong and sharply defined. Had some momentum, then stopped out.
5) On even shorter timeframe than 1M there were signs of a rising triangle, which could confirm reversal at a level already established.
6) This level was at this point very clearly defined, which made for a possibility in setting a tight stop loss. This enabled me to set up a trade with 1:10 Risk:Reward - which eventually went through. Definitely an exception to see something like this set up and go home.
All in all 3 small losses. A short which turned into 2 separate trades, that both went through. Then eventually a homerun trade. Any questions welcome.
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