Currency trading on D1 time frame

[trader_d]

New orders are as follows. These are based on retracement buying/selling. audusd is in an uptrend and eurusd is in a downtrend.

(T01191) sell eurusd @ 1.2853, s/l: 1.2976, t/p: 0.0000 (0.25 x MR)

(T01192) buy limit audusd @ 1.0340, s/l: 1.0255, t/p: 0.0000 (0.25 x MR)

MR = 1%


Trade well

 

[trader_d]

New orders are as follows. These are based on retracement buying/selling. audusd is in an uptrend and eurusd is in a downtrend.

(T01191) sell eurusd @ 1.2853, s/l: 1.2976, t/p: 0.0000 (0.25 x MR)

(T01192) buy limit audusd @ 1.0340, s/l: 1.0255, t/p: 0.0000 (0.25 x MR)

MR = 1%


Trade well

Well ... here are new orders/update

(T01231) buy limit eurusd @ 1.2846, s/l: 1.2754, t/p: 0.0000 (0.25 x MR)
new order

(T01232) buy limit audusd @ 1.0357, s/l: 1.0255, t/p: 0.0000 (0.25 x MR)
new order

(T01191) sell eurusd @ 1.2853, s/l: 1.2976, t/p: 0.0000 (0.25 x MR)
stopped

(T01192) buy limit audusd @ 1.0340, s/l: 1.0255, t/p: 0.0000 (0.25 x MR)
deleted

MR = 1%

Trade well

 

[D70]

Well ... here are new orders/update

(T01231) buy limit eurusd @ 1.2846, s/l: 1.2754, t/p: 0.0000 (0.25 x MR)
new order

(T01232) buy limit audusd @ 1.0357, s/l: 1.0255, t/p: 0.0000 (0.25 x MR)
new order

(T01191) sell eurusd @ 1.2853, s/l: 1.2976, t/p: 0.0000 (0.25 x MR)
stopped

(T01192) buy limit audusd @ 1.0340, s/l: 1.0255, t/p: 0.0000 (0.25 x MR)
deleted

MR = 1%

Trade well

Hi,

How have you picked these levels to place your orders at? The Aussie is v.low compared to the euro trade.

Thanks,

 

[trader_d]

Hi,

How have you picked these levels to place your orders at? The Aussie is v.low compared to the euro trade.

Thanks,

Hi,

To answer your question I need to explain my method.

The most important element of my trading is going with trend. When I spot a trend (hopefully at the begining) I take a entry at closing price of the day, with stoploss around 10 pips above/below of last day's high/low. If market goes in my favour, I trail my position day by day by moving my s/l level. Let's us call this type 1 entry.

I usually add to this position via pending orders (buy limit or sell limit). The exact entry point of pending orders is discretionary, but usually is a retrace level of last day candle. Many times this is the pivot level. Let's us call this type 2 entry.

Starting 2012, I decided to experiment another entry type which I used to trade 2-years ago. In an uptrend I blindly buy at 38.2 retracement level with stoploss at 61.8 level, vise versa for a down trend. This Fibonacci retracement usually encompasses several trading days. Let's us call this type 3 entry.

Today's orders are of type 3. Look at the charts.

Today, I didn't take type 1 or type 2 entries. I belived both eurusd and audusd are overbought. Up to now my assumption proved to be wrong.

Hope that clarifies the matter.

Thanks and trade well.

 

[trader_d]

Very interesting trading...have you written your basic method down? would be great to see that posted,

Sorry for my late reply. Please see above post.

Thanks and trade well

 

[trader_d]

Well ... here are new orders/update

(T01231) buy limit eurusd @ 1.2846, s/l: 1.2754, t/p: 0.0000 (0.25 x MR)
new order

(T01232) buy limit audusd @ 1.0357, s/l: 1.0255, t/p: 0.0000 (0.25 x MR)
new order

(T01191) sell eurusd @ 1.2853, s/l: 1.2976, t/p: 0.0000 (0.25 x MR)
stopped

(T01192) buy limit audusd @ 1.0340, s/l: 1.0255, t/p: 0.0000 (0.25 x MR)
deleted

MR = 1%

Trade well

Hi

buy limit orders are modified as below:

(T01241) buy limit eurusd @ 1.2889, s/l: 1.2781, t/p: 0.0000 (0.25 x MR)
new order

(T01242) buy limit audusd @ 1.0408, s/l: 1.0302, t/p: 0.0000 (0.25 x MR)
new order

MR = 1%

Trade well

 

[D70]

Hi,

To answer your question I need to explain my method.

The most important element of my trading is going with trend. When I spot a trend (hopefully at the begining) I take a entry at closing price of the day, with stoploss around 10 pips above/below of last day's high/low. If market goes in my favour, I trail my position day by day by moving my s/l level. Let's us call this type 1 entry.

I usually add to this position via pending orders (buy limit or sell limit). The exact entry point of pending orders is discretionary, but usually is a retrace level of last day candle. Many times this is the pivot level. Let's us call this type 2 entry.

Starting 2012, I decided to experiment another entry type which I used to trade 2-years ago. In an uptrend I blindly buy at 38.2 retracement level with stoploss at 61.8 level, vise versa for a down trend. This Fibonacci retracement usually encompasses several trading days. Let's us call this type 3 entry.

Today's orders are of type 3. Look at the charts.

Today, I didn't take type 1 or type 2 entries. I belived both eurusd and audusd are overbought. Up to now my assumption proved to be wrong.

Hope that clarifies the matter.

Thanks and trade well.

Cheers. I'm a fan of the fib also.

 

[MayZerG]

Do you keep a results page we can see or spreadsheet? Would be very interesting Like month by month etc.

 

[MayZerG]

Dont worry i've read most of your journal and found the files, good job so far Pretty consistant!

 

[trader_d]

Well ... I could not trade for some days due to personal commitments. I missed the good uptrend of audusd.

These are new orders, both are type 3 entries.

(T02061) buy limit eurusd @ 1.3000, s/l: 1.2850, t/p: 0.0000 (0.25 x MR)

(T02062) buy limit audusd @ 1.0653, s/l: 1.0560, t/p: 0.0000 (0.25 x MR)

MR = 1%

Trade well

 

[MayZerG]

If you check my blog im thinking the same with AUD/USD i'm waiting for a further pullback in price close to the trendline + lower bollinger band.

EUR/USD has gone below the 50MA and looks to be ranging, awaiting news on Greece imo.

 

[trader_d]

I had internet connectivity problems last night. Writing this post via my mobile phone. just took following two positions:

T02081 buy eur @ 1.3246, s/l: 1.3078 0.25 x MR
T02082 buy aud @ 1.0794, s/l. 1.0691 0.25 xMR

trade well

 

[trader_d]

Well ... I haven't traded for a few days.

price action of both eurusd and audusd are showing that they'll continue their uptrend. These are new orders:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
(T02173) buy limit eurusd @ 1.3070, s/l: 1.2963, t/p: 1.3284 (0.125 x MR)

(T02172) buy audusd @ 1.0757, s/l: 1.0635, t/p: 0.0000 (0.125 x MR)
(T02174) buy limit audusd @ 1.0710, s/l: 1.0635, t/p: 1.0757 (0.125 x MR)

MR = 1%

I'll update very soon about last positions.

Trade well

 

[trader_d]

Well ... I haven't traded for a few days.

price action of both eurusd and audusd are showing that they'll continue their uptrend. These are new orders:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
(T02173) buy limit eurusd @ 1.3070, s/l: 1.2963, t/p: 1.3284 (0.125 x MR)

(T02172) buy audusd @ 1.0757, s/l: 1.0635, t/p: 0.0000 (0.125 x MR)
(T02174) buy limit audusd @ 1.0710, s/l: 1.0635, t/p: 1.0757 (0.125 x MR)

MR = 1%

I'll update very soon about last positions.

Trade well

Positions were left open during weekend. T02174 was activated. T02173 was not activated and deleted.

Trade well

 

[trader_d]

Here is the update:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
stop moved to 1.3078

(T02172) buy audusd @ 1.0757, s/l: 1.0635, t/p: 0.0000 (0.125 x MR)
stopped

(T02174) buy limit audusd @ 1.0710, s/l: 1.0635, t/p: 1.0757 (0.125 x MR)
stopped

It seems that audusd has reversed its uptrend, but I have not taken any short position now.

Trade well

 

[trader_d]

Here is the update:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
stop moved to 1.3078

(T02172) buy audusd @ 1.0757, s/l: 1.0635, t/p: 0.0000 (0.125 x MR)
stopped

(T02174) buy limit audusd @ 1.0710, s/l: 1.0635, t/p: 1.0757 (0.125 x MR)
stopped

It seems that audusd has reversed its uptrend, but I have not taken any short position now.

Trade well

Both eurusd and audusd are continuing their uptrend. I follow the same direction.

Update and new orders are:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
stop moved to 1.3171

(T02241) buy limit eurusd @ 1.3305, s/l: 1.3171, t/p: 0.0000 (0.25 x MR)
New pending order

(T02243) buy audusd @ 1.0740, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
New order


(T02243) buy limit audusd @ 1.0675, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
New pending order

MR = 1%

Trade well

 

[trader_d]

Both eurusd and audusd are continuing their uptrend. I follow the same direction.

Update and new orders are:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
stop moved to 1.3171

(T02241) buy limit eurusd @ 1.3305, s/l: 1.3171, t/p: 0.0000 (0.25 x MR)
New pending order

(T02243) buy audusd @ 1.0740, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
New order


(T02243) buy limit audusd @ 1.0675, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
New pending order

MR = 1%

Trade well

This is the end of this week's trading. Positions status are:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
right now @ 1.3455, left open over the weekend

(T02241) buy limit eurusd @ 1.3305, s/l: 1.3171, t/p: 0.0000 (0.25 x MR)
not activated and deleted

(T02243) buy audusd @ 1.0740, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
right now @ 1.0690, left open over the weekend

(T02243) buy limit audusd @ 1.0675, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
not activated and deleted

Have a nice weekend.

 

[trader_d]

This is the end of this week's trading. Positions status are:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
right now @ 1.3455, left open over the weekend

(T02241) buy limit eurusd @ 1.3305, s/l: 1.3171, t/p: 0.0000 (0.25 x MR)
not activated and deleted

(T02243) buy audusd @ 1.0740, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
right now @ 1.0690, left open over the weekend

(T02243) buy limit audusd @ 1.0675, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
not activated and deleted

Have a nice weekend.

Well, trading starts again. Positions status are:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
right now @ 1.3451, stop moved to 1.3270

(T02243) buy audusd @ 1.0740, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
right now @ 1.0675,

Trade well

 

[trader_d]

Well, trading starts again.
Positions status are:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
right now @ 1.3478, stop moved to 1.3270

(T02243) buy audusd @ 1.0740, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
right now @ 1.0675,

Trade well

Well both eurusd and audusd are going higher. I moved stop levels higher and added one pending order for eurusd. Positions status are:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
right now @ 1.3447, stop moved to 1.3340

(T02243) buy audusd @ 1.0740, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
right now @ 1.0816, s/l moved to 1.0690

(T02291) buy limit eurusd @ 1.3420, s/l: 1.3340, t/p: 0.0000 (0.25 x MR)
new position

MR = 1%

Trade well

Trade wel

 

[trader_d]

Well both eurusd and audusd are going higher. I moved stop levels higher and added one pending order for eurusd. Positions status are:

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
right now @ 1.3447, stop moved to 1.3340

(T02243) buy audusd @ 1.0740, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
right now @ 1.0816, s/l moved to 1.0690

(T02291) buy limit eurusd @ 1.3420, s/l: 1.3340, t/p: 0.0000 (0.25 x MR)
new position

MR = 1%

Trade well

Trade wel

Update on last week positions

(T02171) buy eurusd @ 1.3136, s/l: 1.2963, t/p: 0.0000 (0.125 x MR)
stopped

(T02243) buy audusd @ 1.0740, s/l: 1.0587, t/p: 0.0000 (0.25 x MR)
right now @ 1.0705, s/l @ 1.0690

(T02291) buy limit eurusd @ 1.3420, s/l: 1.3340, t/p: 0.0000 (0.25 x MR)
activated and stopped