My trading has been evolving at a rapid pace recently. In the last 2 years I made a transition from being a swing-trader to day-trading. Some things, the backbone, of swing-trading carried over to day, but with a lot of extra thing that I didn't utilize prior. I went from taking 5-10 trades a month, to taking 20 trades a week. Results didn't go up linearly, but...
Price gave us a reversal to the upside, already in this tarde. Let's see if it can push up to help us finish the day around breakeven.
Meanwhile we have a running short on USDJPY, we are getting quite a good long on EURJPY. They might cancel each other out, orders are set. Let's see how it develops.
This is a similar type of trade as the previous one we banked +0.30 on, but this one is pulling back deeper thus is based more on HTF swing. We are already in.
First order of the week/Monday. Order set at 133.270 with 10 pip stop at 133.370. Will see how it goes. Last week was quite good overall, we made some hefty profits.
After a previous loss on EURUSD this EURJPY is showing signs of possible move to the longside. Orders set.
First trade of Friday. Orders set. Let's see. Ideally we get a clean and slow pullback.
Trade Managements is one of the pillars of successful trading. We can enter good trades (which is difficult in itself), but still not be profitable because our trade management skills/techniques are simply not there. In this post I want to talk about the easiest way to manage trades. (Before we start we must mention that an actual EASIEST way is hugely...
After previous trade failed to keep going short, we mentioned that we'd likely get a bullish 1H candle (that at a time was against us). Well now price is printing a possible quick Long. Already in.
Another trade after we already banked on this one. Price printed nice bearish order flow on multiple timeframes to justify an extra short opportunity. Waiting for pullback.
In this trade. Looking nice as previous 15M candle might continue with momentum.
After getting out early of the previous trade price turned around and is giving us a reversal trade. Orders set.
Orders set. First trade of the day. Let's see what's up.
Look @ RR tool. Orders set. 20 minutes till end of session, will be removing order if it doesn't get triggered in 20 minutes.
Pretty good trading today overall. Making some good decisions. EURUSD printed a possible reversal to the longside. Orders and stops are set. **DISCLAIMER: My style of trading is Day-trading. Average trade duration is 1 hour, median duration 29 minutes. I NEVER risk more than 1% per trade. Risking more than that is disastrous. Trading like that involves quick...
In similar fashion with EURJPY - we are catching this move. Orders set at 135.016 with ~9 pip stop at 135.092. Yes, we are also still Long AUDUSD, which means we are shorting USD x2. That goes against our basic rule of not overexposing. However, what we can do instead is manage risk extremely carefully. If trades start turning around we will close them BOTH...
After closing previous EURJPY trade early price nevertheless dropped 'in our favor' giving us now a second chance to enter. Look for RR tool for entry and stop placements. **DISCLAIMER: My style of trading is Day-trading. Average trade duration is 1 hour, median duration 29 minutes. I NEVER risk more than 1% per trade. Risking more than that is...
Just got in this trade, on my phone - stepped out from laptop.