Forex trading live calls and set ups

[leovirgo]

I will be staying away from short term trades. Although it was a profitable method, it cost me too much commissions. 150 trades in a month = $750 in commissions. (Interactive brokers fees)

Instead I wil be swinging with classical vwap engine (H1 H4 Day etc). That means about 10-20 trades a month. Less stress, less commissions and hopefully more pips..

 

[Lord Flasheart]

1/2 off at +20.rest to b/e

had to settle for that,will look for re short

 

[Lord Flasheart]

nice to start with a winner and still got aud going

 

[Lord Flasheart]

ive added a little more in aud at 9604 s/l is 9635

 

[jon1971]

ive added a little more in aud at 9605 s/l is 9635

So far rejecting any break of that TL. (I mean the down sloping one)...

 

[Lord Flasheart]

i was stupi to be out of that gbp trade.Thats one of the major downfalls of my methods,
stiil aud should pay the stately fees for the day hope.Have taken what i put on at 9604 off so it puts me in a strong position with the trade. Original stop applies

 

[Lord Flasheart]

got to go out for a few hours

have set to taken 1/2 off aud at 9580,rest i will leave.

 

[jon1971]

My Swissie has just made a higher low & higher high, so going to leave it on, will trail with a 61.8 fib.

PS. I think I just learned something today - it's not about being right or wrong (re. my earlier comment) it's simply a matter of good trade management.

 

[leovirgo]

PS. I think I just learned something today - it's not about being right or wrong (re. my earlier comment) it's simply a matter of good trade management.

ur right, hard to predict something that you don't have any control..

 

[jon1971]

Hadn't yet moved stop up so still in for the moment, stop held by 1 pip...

 

[jon1971]

ur right, hard to predict something that you don't have any control..

Absolutely, the only thing you can control is the way YOU manage YOUR activity...

 

[wackypete2]

'morning everyone. It's good to be back!

Peter

 

[wackypete2]

b usdchf .9836 stop .9828

Peter

 

[wackypete2]

sh audusd .9615 stop .9623

hod was rejected. hopefully get a nice move down!

Peter

 

[wackypete2]

Quick review of my trading style. I'm very short term, usually 1m or 5m time frames. Most targets are for 10-15 pips, stops usually 6-10 pips. Looking for pattern breakouts and false breakouts and bounces/rejections of support and resistance levels.

Peter

 

[leovirgo]

'morning everyone. It's good to be back!

Peter

Morning Peter, good to see you back.

 

[wackypete2]

stopped out audusd -8
not looking good for usdchf trade either.

gotta shake off the rust !

Peter

 

[wackypete2]

stopped out usdchf .9828 -8

0 for 2 so far.

Peter

 

[wackypete2]

sh audusd .9628 stop .9635
trying again.

Peter

 

[wackypete2]

exit audusd .9622 +6
lunchtime blues and I wanted to take at least a few pips profit on this trade for the morning.

Peter