Currency trading on D1 time frame

here are the charts. Stops are not shown.
 

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Hi,

eurusd

(T01242) buy limit eurusd at 1.3515 ----> is deleted
(T01243) sell stop eurusd at 1.3415 ----> is deleted
(T01251) buy eurusd at 1.3646 ---> is still open, stop moved to 1.3562

new position:
(T01261) sell stop eurusd at 1.3530, s/l: 1.3630 (0.25% risk)

audusd

(T01241) sell stop audusd ---> is deleted

new positions:
(T01262) sell stop audusd at 0.9878, s/l: 0.9978 (0.25% risk)
(T01263) buy stop audusd at 1.0032, s/l: 0.9932 (0.25% risk)

usdjpy

new positions:
(T01264) sell limit usdjpy at 82.50, s/l: 83.00 (0.25% risk)
(T01265) sell usdjpy at 82.24, s/l: 83.00 (0.25% risk)

Hi,

eurusd

(T01251) buy eurusd at 1.3646 ---> is still open, stop moved to 1.3630

new sell stop

(T01271) sell stop eurusd at 1.3562, s/l: 1.3662 (0.25% risk)
(T01161) is deleted

audusd

no change

usdjpy

(T01264) sell limit usdjpy at 82.50, s/l: 83.00 (0.25% risk) ---> is activated, s/l moved to 82.71
(T01265) sell usdjpy at 82.24, s/l: 83.00 (0.25% risk) ---> still open, s/l moved to 82.71

Happy trading
 
Hi,

eurusd

(T01251) buy eurusd at 1.3646 ---> s/l moved to b/e

sell stop deleted

audusd

(T01262) sell stop is acivated

usdjpy

(T01264) sell limit and (T01265) sell are stopped.

Happy trading
 
Hi,
(T01311) sell eurusd at 1.3588, s/l: 1.3768 (0.5% risk)
(T01312) sell limit eurusd at 1.3646, s/l: 1.3768 (0.5% risk)

Happy trading
 

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Hi,
(T01311) sell eurusd at 1.3588, s/l: 1.3768 (0.5% risk)
(T01312) sell limit eurusd at 1.3646, s/l: 1.3768 (0.5% risk)

Happy trading

Hi,

Both T01311 and T01312 closed at 1.3726 to reverse.

(T02011) buy eurusd at 1.3725, s/l: 1.3626 (1% risk)
 
It's strange,

Yesterday I posted a trade here. But the post is not here !!! Maybe I forgot to hit "submit reply"
Anyway I have a buy eurusd and a sell stop orders from yesterday

(T02081) buy eurusd at 1.3611, s/l: 1.3495 (0.5% risk)
(T02082) sell stop eurusd at 1.3495, s/l: 1.3611 (0.5% risk)
 

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It's strange,

Yesterday I posted a trade here. But the post is not here !!! Maybe I forgot to hit "submit reply"
Anyway I have a buy eurusd and a sell stop orders from yesterday

(T02081) buy eurusd at 1.3611, s/l: 1.3495 (0.5% risk)
(T02082) sell stop eurusd at 1.3495, s/l: 1.3611 (0.5% risk)

Hi,

(T02081) buy eurusd at 1.3611, s/l: 1.3495 ----> closed at 1.3580
(T02082) sell stop eurusd at 1.3495, s/l: 1.3611 ----> deleted

two new orders:

(T02111) sell eurusd at 1.3580, s/l: 1.3754 (0.5% risk)
(T02112) sell audusd at 0.9996, s/l: 1.0110 (0.5% risk)

Happy trading
 
Hi,

(T02081) buy eurusd at 1.3611, s/l: 1.3495 ----> closed at 1.3580
(T02082) sell stop eurusd at 1.3495, s/l: 1.3611 ----> deleted

two new orders:

(T02111) sell eurusd at 1.3580, s/l: 1.3754 (0.5% risk)
(T02112) sell audusd at 0.9996, s/l: 1.0110 (0.5% risk)

Happy trading

Hi,

the last trades closed on Friday at market's last working hours.
No trades taken on Monday, couldn't post due to internet problems.

No trade for today also.

Happy trading
 
Looks like euro is undecided where it tends to go. A look at weekly chart shows that potential for down movement is higher.

However, I will trade Tuesday's Inside Bar in both directions

(T02161) buy stop eurusd at 1.3572, s/l: 1.3451 (0.5% risk)
(T02162) sell stop eurusd at 1.3451, s/l: 1.3572 (0.5% risk)

Happy trading
 

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Looks like euro is undecided where it tends to go. A look at weekly chart shows that potential for down movement is higher.

However, I will trade Tuesday's Inside Bar in both directions

(T02161) buy stop eurusd at 1.3572, s/l: 1.3451 (0.5% risk)
(T02162) sell stop eurusd at 1.3451, s/l: 1.3572 (0.5% risk)

Happy trading

Hi,

(T02161) buy eurusd closed Friday night at 1.3692
(T02162) sell stop eurusd deleted.
 
New positions:

(T02211) buy eurusd at 1.3696, s/l: 1.3558 (0.25% risk)
(T02212) buy audusd at 1.0142, s/l: 1.0050 (0.25% risk)
(T02213) buy limit eurusd at 1.3648, s/l: 1.3558 (0.25% risk)
(T02214) buy limit audusd at 1.0120, s/l: 1.0050 (0.25% risk)

Happy trading
 
New positions:

(T02211) buy eurusd at 1.3696, s/l: 1.3558 (0.25% risk)
(T02212) buy audusd at 1.0142, s/l: 1.0050 (0.25% risk)
(T02213) buy limit eurusd at 1.3648, s/l: 1.3558 (0.25% risk)
(T02214) buy limit audusd at 1.0120, s/l: 1.0050 (0.25% risk)

Happy trading

Hi,

all trades stopped.
No trade for today. Both eurusd and audusd are in trading ranges.

Happy trading
 

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Hi

(T02241) buy eurusd at 1.3775, s/l: 1.3644 (0.5% risk)
(T02242) buy limit eurusd at 1.3714, s/l: 1.3644 (0.5% risk)

Happy trading
 
Happy New Year to all :clap:

Attached file contains details of all trades taken in this journal since September 02, 2010. Overall profit is 19.73 %.

A good journal. Is it possible that you can update your summary of all trades at the end of each month?

Keep calm and carry on.
 
My method is discretionary, maybe it is too discretionary. A trade is either
(a) stopped out,
or
(b) is closed it because it is going no where (time stop).

I don't have any rule for (b)

Good trading. Below are some of the points you have discussed in the thread to date.

I'm waiting for support area.

Yesterday we had huge drop in eurusd, but I prefer not to add to my sell position after this huge drop.

Stops are usually 10 pips above/below High/Low of previous day candle.

so (on average) you're using approx. a 200 pip stop although like me looking for HH or LL of the session or previous session..


Are you starting to become clearer on your rules for your trading? Do you want to summarise them here?

Keep calm and carry on
 
A good journal. Is it possible that you can update your summary of all trades at the end of each month?

enclosed file includes summary of all trades of 2011 except two eurusd buy orders which are open now. 2011 profit (up to now) is -1.34%.
Overall profit from September 2, 2010 (start of this journal) is 18.39%.

Keep calm and carry on.

I really like your signature :)
 

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Last edited:
Are you starting to become clearer on your rules for your trading? Do you want to summarise them here?


As stated earlie my method r is discretionary. No indicator is used to generate signals. Recently I added RSI to my charts to study use of divergence.
I believe it is better that I explain my reasons when I'm placing a trade . This is more logical for a discretionary method.

Thanks for your interest.
 
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