Forex Day Trader's Thread

[justtradin]

short Aud/usd .8602 7
sl .8615 4

Thx

 

[cpngtw]

wow... that's really small

 

[Depth Trade]

short Aud/usd .8602 7
sl .8615 4

Risk is 1%

 

[cpngtw]

bank 20 shorted euro

 

[Depth Trade]

wow... that's really small

It's not the size that matters, it how you positon it

 

[Depth Trade]

short Aud/usd .8602 7
sl .8615 4

Adjust Stop to .8602 7

 

[Depth Trade]

Adjust Stop to .8602 7

Out, scratch.

 

[Depth Trade]

Will wait to see if it breaks .8615 4

 

[cpngtw]

Going that small distance you don't have much leeway though

 

[Depth Trade]

Going that small distance you don't have much leeway though

It's not to bad for an intrady, .15% of price. Any probable move under a week held is going to have to have a small stop. Otherwise your target would have to also be as big or bigger to make it worth it.
Say price moved 100 pips in a week, what are your realistic chances of catching that move. Say you caught 1/3 of it, that's only 33 pips, twice your stop. Eventually you have to take on risk to make a trade.

 

[cpngtw]

I do intra day but each trade TP at least 20 pips or more, otherwise it's not worth it though. Just one erratic move then your trade would be stopped out

 

[Depth Trade]

I do intra day but each trade TP at least 20 pips or more, otherwise it's not worth it though. Just one erratic move then your trade would be stopped out

With all due respect, I'd say don't put bounderies on what the market will do or give.
If we're not able to make a trade with a 5 pip stop and make out with a 30 pip gain, it's because we don't know the market well enough, it's not that it's not possible.

Looks like aud/usd is about to break high again.

 

[cpngtw]

short Aud/usd .8602 7
sl .8615 4

Did you mean short @ .86027 and SL = .86154 ?

 

[Pippy5000]

I'm up big on Euro ... wooooohoooo!

 

[cpngtw]

I'm up big on Euro ... wooooohoooo!

Good one Pippy! :clap:

 

[Depth Trade]

Adjust Stop to .8602 7

Yes Cng, my original stop was .8615 4, then I adjusted it to .8602 7 which to me out.

 

[poborsky]

I'm up big on Euro ... wooooohoooo!

that was the trade of the day when it found support at london open nice one

 

[cpngtw]

Yes Cng, my original stop was .8615 4, then I adjusted it to .8602 7 which to me out.

MIsread, thought you shoot for 7 pips SL 4 pips

 

[bbc1183]

offers out to short euro at 1.468

 

[Depth Trade]

Short Aud/usd .8605
sl .8624 2
risk is 1%