Forex trading live calls and set ups

[15 min tlb]

Looks like you lot are still doing pretty good in here with the live calls.
I've taken a back seat at the moment - will look to rejoin you at some point.

Last 2 days oil trading:

What method ,stop and target do you use ?

I use 35 pip stop , but that is not enough because it makes 50 cent moves within minutes.A 100 cent is more appropriate and less likely to be hit.If I had used 100 cent stop over the last few days , I would have had 6 more profitable trades .Small stops are more likely to be hit .

I am probably going to change to a 100 pip stop with minimum target of 45 , with a mental stop close out if direction/set up changes.

 

[rc450]

short eu 14495 stop @ 02

 

[Lord Flasheart]

morning all, im still short aud from yesterday

 

[redart]

What method ,stop and target do you use ?

I use 35 pip stop , but that is not enough because it makes 50 cent moves within minutes.A 100 cent is more appropriate and less likely to be hit.If I had used 100 cent stop over the last few days , I would have had 6 more profitable trades .Small stops are more likely to be hit .

I am probably going to change to a 100 pip stop with minimum target of 45 , with a mental stop close out if direction/set up changes.

I try to find price action setups that required tight(ish) stops on oil. It can be very very volatile though. A typical stop is about 25c but ill sometimes close it early if it looks like ive picked a bad one. I try to let the winners run - If you are on the right side of an oil run just once, it makes up for quite a few stop outs.
I mainly just use price action on a tick chart and a 5 minute chart.
I also must say that these last few days have been particularly good for me on oil. It's certainly not the norm and them results are not typical for me, unfortunately! Good luck

 

[Dinos]

Short EU 1.4482, stop 96, limit 72

 

[rc450]

short eu 14495 stop @ 02

morning

out + 21

 

[Dinos]

Short EU 1.4482, stop 96, limit 72

Limit hit (+10):clap:

 

[15 min tlb]

Long oil 107.55 stop 107 target 108.50

 

[15 min tlb]

Long e/gbp 0.8822 stop 20

2 positions

target 20 /40

 

[15 min tlb]

Long oil 107.55 stop 107 target 108.50

Stop 107.25

 

[15 min tlb]

Stop 107.25

Watch the Friday rally , nobody wants to go short into the weekend.Loads of shorts covering today.May I get it wrong.

 

[15 min tlb]

Stop 107.25

stop 107.55

 

[15 min tlb]

stop 107.55

Stop hit Back in long at 107.7 stop 107.20

 

[15 min tlb]

Long euro usd 1.4422 stop 20 2 positions

target 20/40

 

[15 min tlb]

Stop hit Back in long at 107.7 stop 107.20

stop at break even

 

[15 min tlb]

stop at break even

stop at 108 + 30

 

[15 min tlb]

Long Dax 7183 cash stop 23

 

[15 min tlb]

stop at 108 + 30

closed at 28 = + 58

 

[15 min tlb]

long dax 7183 cash stop 23

-23

 

[15 min tlb]

closed at 28 = + 58

Went back in at 40 but couldn't call all my trades here.Sorry.