Currency trading on D1 time frame

Positions status:


Open/working orders:

(T08291) buy audusd @ 1.0585, s/l: 1.0406, t/p: 0.0000 (0.25 x MR)
s/l moved to 1.0585

(T08301) buy limit audusd @ 1.0619, s/l: 1.0550, t/p: 1.0757 (0.25 x MR)
not activated and deleted

Trade well

Well, market opened near my s/l level (1.0585) and hit s/l. No other audusd trade for today.
eurusd is still in its range of 1.4000 - 1.4500. No trade for eurusd also.

Trade well
 
based on yesterday price action I took sell positions on audusd:

Open/working order status:

(T09061) sell audusd @ 1.0524, s/l: 1.0624, t/p: 0.0000 (0.25 x MR)
(T09062) sell limit audusd @ 1.0557, s/l: 1.0624, t/p: 1.0423 (0.25 x MR)

Trade well
 

Attachments

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based on yesterday price action I took sell positions on audusd:

Open/working order status:

(T09061) sell audusd @ 1.0524, s/l: 1.0624, t/p: 0.0000 (0.25 x MR)
(T09062) sell limit audusd @ 1.0557, s/l: 1.0624, t/p: 1.0423 (0.25 x MR)

Trade well

Well both above orders hit s/l, market hit my s/l almost to the pip. Yesterday price action was strongly bearish. But I didn't take a short. audusd is on 1.0500 support level. I'd like to see how it reacts to this level.

The same applies to eurusd. It had six consecutive bearish days. Right now it is on 1.4000 support level.

No trade for today

Trade well
 

Attachments

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  • eur 7 sep.gif
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Well both above orders hit s/l, market hit my s/l almost to the pip.


you were so unlucky on those trades. You are taking a hit at the moment but I am sure you will turn it around.
Persistence is all a part of being a successful trader (y)
 
Euro closed out of 1.4000 1.4500 range. I decided to sell.
No trade for audusd today

Open/Working Orders:

(T09091) sell eurusd @ 1.3920, s/l: 1.4112, t/p: 0.0000 (0.25 x MR)
(T09092) sell limit eurusd @ 1.3985, s/l: 1.4112, t/p: 1.3731 (0.25 x MR)

MR = 1%

Trade well
 

Attachments

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Euro closed out of 1.4000 1.4500 range. I decided to sell.
No trade for audusd today

Open/Working Orders:

(T09091) sell eurusd @ 1.3920, s/l: 1.4112, t/p: 0.0000 (0.25 x MR)
(T09092) sell limit eurusd @ 1.3985, s/l: 1.4112, t/p: 1.3731 (0.25 x MR)

MR = 1%

Trade well


(T09091) sell eurusd @ 1.3920 has been triggered.
You are currently + 55 pips.
Much better trade. (y)
 
Euro closed out of 1.4000 1.4500 range. I decided to sell.
No trade for audusd today

Open/Working Orders:

(T09091) sell eurusd @ 1.3920, s/l: 1.4112, t/p: 0.0000 (0.25 x MR)
(T09092) sell limit eurusd @ 1.3985, s/l: 1.4112, t/p: 1.3731 (0.25 x MR)

MR = 1%

Trade well



Positions status:

(T09091) sell eurusd @ 1.3920, s/l: 1.4112, t/p: 0.0000 (0.25 x MR)
closed at 1.3652

(T09092) sell limit eurusd @ 1.3985, s/l: 1.4112, t/p: 1.3731 (0.25 x MR)
not activated and deleted

Have a nice weekend
 
Market opened with a gap down. I continue to sell eurusd. I also opened a sell position of audusd.

Open/working orders:

(T09121) sell eurusd @ 1.3566, s/l: 1.3790, t/p: 0.0000 (0.125 x MR)
(T09123) sell limit eurusd @ 1.3642, s/l: 1.3790, t/p: 1.3578 (0.125 x MR)

(T09122) sell audusd @ 1.0412, s/l: 1.0570, t/p: 0.0000 (0.125 x MR)
(T09124) sell limit audusd @ 1.0466, s/l: 1.0570, t/p: 1.0258 (0.125 x MR)

Trade well
 

Attachments

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  • eur 12 sep.gif
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Positions status:

(T09121) sell eurusd @ 1.3566, s/l: 1.3790, t/p: 0.0000 (0.125 x MR)
s/l moved to 1.3730

(T09123) sell limit eurusd @ 1.3642, s/l: 1.3790, t/p: 1.3578 (0.125 x MR)
activated, s/l moved to 1.3730

(T09122) sell audusd @ 1.0412, s/l: 1.0570, t/p: 0.0000 (0.125 x MR)
s/l moved to 1.0454

(T09124) sell limit audusd @ 1.0466, s/l: 1.0570, t/p: 1.0258 (0.125 x MR)
not activated and deleted

Trade well
 
Positions status:

(T09121) sell eurusd @ 1.3566, s/l: 1.3790, t/p: 0.0000 (0.125 x MR)
s/l hit at 1.3730

(T09123) sell limit eurusd @ 1.3642, s/l: 1.3790, t/p: 1.3578 (0.125 x MR)
s/l hit at 1.3730

(T09122) sell audusd @ 1.0412, s/l: 1.0570, t/p: 0.0000 (0.125 x MR)
s/l moved to 1.0388

I don't take any trade on eurusd for today. The daily candle is a doji and pair is extremely oversold. I expect the pair to retrace a bit.

Trade well
 
Positions status:

(T09122) sell audusd @ 1.0412, s/l: 1.0570, t/p: 0.0000 (0.125 x MR)
closed at 1.0331

New positions taken. See next post.
 
As posted above I closed my sell position of audusd and started to buy audusd and eurusd based on price action in previous days.

Open/Working orders:

(T09161) buy eurusd @ 1.3878, s/l: 1.3692, t/p: 0.0000 (0.125 x MR)
(T09162) buy limit eurusd @ 1.3813, s/l: 1.3692, t/p: 1.4056 (0.125 x MR)

(T09163) buy audusd @ 1.0330, s/l: 1.0167, t/p: 0.0000 (0.125 x MR)
(T09164) buy limit audusd @ 1.0273, s/l: 1.0167, t/p: 1.0486 (0.125 x MR)

MR = 1%

Trade well
 

Attachments

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Last edited:
As posted above I closed my sell position of audusd and started to buy audusd and eurusd based on price action in previous days.

Open/Working orders:

(T09161) buy eurusd @ 1.3878, s/l: 1.3692, t/p: 0.0000 (0.125 x MR)
(T09162) buy limit eurusd @ 1.3813, s/l: 1.3692, t/p: 1.4056 (0.125 x MR)

(T09163) buy audusd @ 1.0330, s/l: 1.0167, t/p: 0.0000 (0.125 x MR)
(T09164) buy limit audusd @ 1.0273, s/l: 1.0167, t/p: 1.0486 (0.125 x MR)

MR = 1%

Trade well

update on above positions:

All positions left open (activated or not) over weekend

(T09161) buy eurusd @ 1.3878, s/l: 1.3692, t/p: 0.0000 (0.125 x MR)
stopped upon market open

(T09162) buy limit eurusd @ 1.3813, s/l: 1.3692, t/p: 1.4056 (0.125 x MR)
stopped upon market open

(T09163) buy audusd @ 1.0330, s/l: 1.0167, t/p: 0.0000 (0.125 x MR)
open right now

(T09164) buy limit audusd @ 1.0273, s/l: 1.0167, t/p: 1.0486 (0.125 x MR)
activated today

Trade well
 
update on above positions:

All positions left open (activated or not) over weekend

(T09161) buy eurusd @ 1.3878, s/l: 1.3692, t/p: 0.0000 (0.125 x MR)
stopped upon market open

(T09162) buy limit eurusd @ 1.3813, s/l: 1.3692, t/p: 1.4056 (0.125 x MR)
stopped upon market open

(T09163) buy audusd @ 1.0330, s/l: 1.0167, t/p: 0.0000 (0.125 x MR)
open right now

(T09164) buy limit audusd @ 1.0273, s/l: 1.0167, t/p: 1.0486 (0.125 x MR)
activated today

Trade well

Hi Mate

What's your rational for buying AUDUSD here? You are buying into a daily downtrend and there is a dodgy pin.
 
Hi Mate

What's your rational for buying AUDUSD here? You are buying into a daily downtrend and there is a dodgy pin.

Hi

you are right that audusd is in a down trend, this is one of the few c/t trades I took.

However, audusd is still in its weekly up trend and during last week price touched area of 1.0170 which is a former resistance level. Based on this and price action of 14 and 15 September I decided to buy.

Up to now it seems that my analysis is wrong.

Trade well
 

Attachments

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update on above positions:

All positions left open (activated or not) over weekend

(T09161) buy eurusd @ 1.3878, s/l: 1.3692, t/p: 0.0000 (0.125 x MR)
stopped upon market open

(T09162) buy limit eurusd @ 1.3813, s/l: 1.3692, t/p: 1.4056 (0.125 x MR)
stopped upon market open

(T09163) buy audusd @ 1.0330, s/l: 1.0167, t/p: 0.0000 (0.125 x MR)
open right now

(T09164) buy limit audusd @ 1.0273, s/l: 1.0167, t/p: 1.0486 (0.125 x MR)
activated today

Trade well

just a quick update.

both "buy audusd" positions stopped on 19-September. I don't have any position after that.

Trade well
 
Are you taking a breather during all the current turbulence?
Will you be back again ready for Monday?
 
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