Currency trading on D1 time frame

[trader_d]

Hi,

euro is goring down. Not sure this is retracement or reversal, since major trend is still up we go short with minimal risk.

(T03091) sell eurusd at 1.3893, s/l: 1.4010 (0.25% risk)
(T03092) sell limit eurusd at 1.3928, s/l: 1.4010 (0.25% risk)

Trade well

 

[trader_d]

Hi,

euro is goring down. Not sure this is retracement or reversal, since major trend is still up we go short with minimal risk.

(T03091) sell eurusd at 1.3893, s/l: 1.4010 (0.25% risk)
(T03092) sell limit eurusd at 1.3928, s/l: 1.4010 (0.25% risk)

Trade well

Both orders are active. Stops moved to 1.3910.

Trade well

 

[trader_d]

Both orders are active. Stops moved to 1.3910.

Trade well

Both orders stopped on Friday.

 

[trader_d]

Hi,

(T03141) buy eurusd at 1.3930, s/l: 1.3742, t/p: 0 (0.5% risk)
(T03142) buy limit eurusd at 1.3860, s/l: 1.3742, t/p: 1.4096 (0.5% risk)

Trade well

 

[trader_d]

Hi,

(T03141) buy eurusd at 1.3930, s/l: 1.3742, t/p: 0 (0.5% risk)
(T03142) buy limit eurusd at 1.3860, s/l: 1.3742, t/p: 1.4096 (0.5% risk)

Trade well

(T03141) buy eurusd at 1.3930, ----> stop moved to 1.3880 (t/p: 0)
(T03142) buy limit eurusd at 1.3860 ----> deleted

Another buy limit order placed:
(T03151) buy limit eurusd at 1.3950, s/l: 1.3880, t/p: 1.4100 (0.5% risk)

Trade well

 

[trader_d]

(T03141) buy eurusd at 1.3930, ----> stop moved to 1.3880 (t/p: 0)
(T03142) buy limit eurusd at 1.3860 ----> deleted

Another buy limit order placed:
(T03151) buy limit eurusd at 1.3950, s/l: 1.3880, t/p: 1.4100 (0.5% risk)

Trade well

OK, market hit our stops and moved in anticipated direction.
Euro is struggling to break 1.4000, I will buy again but with minimum risk. I will also place an S&R sell order.

(T03161) buy eurusd at 1.3965, s/l: 1.3845, t/p: 0.0000 (0.25% risk)
(T03162) buy limit eurusd at 1.3910, s/l: 1.3845, t/p: 1.4040 (0.25% risk)
(T03163) sell stop eurusd at 1.3845, s/l: 1.3945, t/p: 0.0000 (0.25% risk)

Trade well

 

[trader_d]

OK, market hit our stops and moved in anticipated direction.
Euro is struggling to break 1.4000, I will buy again but with minimum risk. I will also place an S&R sell order.

(T03161) buy eurusd at 1.3965, s/l: 1.3845, t/p: 0.0000 (0.25% risk)
(T03162) buy limit eurusd at 1.3910, s/l: 1.3845, t/p: 1.4040 (0.25% risk)
(T03163) sell stop eurusd at 1.3845, s/l: 1.3945, t/p: 0.0000 (0.25% risk)

Trade well

(T03161) buy eurusd at 1.3965 ---> is still open stop moved to 1.3860.
(T03162) buy limit eurusd at 1.3910 ---> t/p hit (it's the first trade with t/p on this journal, unfortunately I made a mistake on this trade. trade size taken is smaller than 0.25% risk).
(T03163) sell stop eurusd at 1.3845, is deleted to modify S&R entry

new/modified trades:

(T03181) buy limit eurusd at 1.3981, s/l: 1.3860, t/p: 1.4200 (0.5% risk)
(T03182) sell stop eurusd at 1.3860, s/l: 1.3960, t/p: 0.0000 (0.5% risk)

Trade well

 

[trader_d]

(T03161) buy eurusd at 1.3965 ---> is still open stop moved to 1.3860.
(T03162) buy limit eurusd at 1.3910 ---> t/p hit (it's the first trade with t/p on this journal, unfortunately I made a mistake on this trade. trade size taken is smaller than 0.25% risk).
(T03163) sell stop eurusd at 1.3845, is deleted to modify S&R entry

new/modified trades:

(T03181) buy limit eurusd at 1.3981, s/l: 1.3860, t/p: 1.4200 (0.5% risk)
(T03182) sell stop eurusd at 1.3860, s/l: 1.3960, t/p: 0.0000 (0.5% risk)

Trade well

Unfortunately, I was unable to closed trades on Friday night due to connectivity problems on my mobile device.

Here are the status:
(T03161) buy eurusd at 1.3965 ---> is still open with 213 pips profit with s/l at 1.3860
(T03181) buy limit eurusd at 1.3981 ---> not activated, actually missed by 1 or 2 pips.
(T03182) sell stop eurusd at 1.3860 ----> not activated

 

[trader_d]

Unfortunately, I was unable to closed trades on Friday night due to connectivity problems on my mobile device.

Here are the status:
(T03161) buy eurusd at 1.3965 ---> is still open with 213 pips profit with s/l at 1.3860
(T03181) buy limit eurusd at 1.3981 ---> not activated, actually missed by 1 or 2 pips.
(T03182) sell stop eurusd at 1.3860 ----> not activated

Well, market opened with no gaps.

Here are the status:
(T03161) buy eurusd at 1.3965 ---> is still open, s/l moved to 1.3965
(T03181) buy limit eurusd at 1.3981 ---> deleted, another buy limit placed
(T03182) sell stop eurusd at 1.3860 ----> not activated,

new buy limit
(T03211) buy limit eurusd at 1.4065, s/l: 1.3965, t/p: 1.4250 (0.5% risk)

Trade well

 

[pinoyboy]

TD, I just began using this forum again and stumbled upon your postings. I noticed as I was looking at your attachments that you no longer are using Bollinger. Any reason? I personally thought that it made it easier to see the direction of the trend; aside from naked charts reading.

 

[trader_d]

Well, market opened with no gaps.

Here are the status:
(T03161) buy eurusd at 1.3965 ---> is still open, s/l moved to 1.3965
(T03181) buy limit eurusd at 1.3981 ---> deleted, another buy limit placed
(T03182) sell stop eurusd at 1.3860 ----> not activated,

new buy limit
(T03211) buy limit eurusd at 1.4065, s/l: 1.3965, t/p: 1.4250 (0.5% risk)

Trade well

(T03161) buy eurusd at 1.3965 ---> closed at 1.4221
T03211) buy limit eurusd at 1.4065 ---> not activated, it will remain in place
(T03182) sell stop eurusd at 1.3860 ----> deleted

I close my buy order since euro is near a resistance level. Let's see what happens.

Trade well

 

[trader_d]

Chart

here is the chart

 

[trader_d]

TD, I just began using this forum again and stumbled upon your postings. I noticed as I was looking at your attachments that you no longer are using Bollinger. Any reason? I personally thought that it made it easier to see the direction of the trend; aside from naked charts reading.

Actually I still use them. However, when attaching charts here I recently use another template of my MT4 for more clear charts which does not include Bollinger Bands.

Trade well.

 

[trader_d]

(T03161) buy eurusd at 1.3965 ---> closed at 1.4221
T03211) buy limit eurusd at 1.4065 ---> not activated, it will remain in place
(T03182) sell stop eurusd at 1.3860 ----> deleted

I close my buy order since euro is near a resistance level. Let's see what happens.

Trade well

euro stalled at 1.4250 resistance level. I'll keep my buy limit order at 1.4065 level.

Trade well


P.S.: The sell order on attached chart is not related my D1 trading method.

 

[trader_d]

I deleted buy limit and sold euro.

New orders:

(T03241) sell eurusd at 1.4080, s/l: 1.4210, t/p: 0.0000 (0.5% risk)
(T03242) sell limit eurusd at 1.4130, s/l: 1.4210, t/p: 1.4010 (0.5% risk)

Trade well

 

[trader_d]

D1 chart

I attached H4 chart by mistake in last post. Here is the D1 chart

 

[trader_d]

I deleted buy limit and sold euro.

New orders:

(T03241) sell eurusd at 1.4080, s/l: 1.4210, t/p: 0.0000 (0.5% risk)
(T03242) sell limit eurusd at 1.4130, s/l: 1.4210, t/p: 1.4010 (0.5% risk)

Trade well

Both orders stopped, 1% loss.
I will update and post my trades summary sheet shortly.
Today euro closed higher, but I won't take any long position unless resistance area around 1.4220 breaks.

Trade well

 

[marbig]

Both orders stopped, 1% loss.

Bad luck. But good risk management, limiting your losses on those two trades to only 1%

 

[trader_d]

Given last week's price action, I sell euro

new orders:

(T03281) sell eur/usd at 1.4050, s/l: 1.4231, t/p: 0.0000 (0.25% risk)
(T03282) sell limit eur/usd at 1.4111, s/l: 1.4231, t/p: 1.3867 (0.25% risk)

Trade well

 

[trader_d]

Given last week's price action, I sell euro

new orders:

(T03281) sell eur/usd at 1.4050, s/l: 1.4231, t/p: 0.0000 (0.25% risk)
(T03282) sell limit eur/usd at 1.4111, s/l: 1.4231, t/p: 1.3867 (0.25% risk)

Trade well

Monday and Tuesday price actions were slightly bullish, but I'll keep my two sell orders with no change in s/l. Let's see what happens.

Trade well