UPDATED 20th March 2017
Focus of the thread is live transactions and chart review and analysis. Mostly I will trade GBPUSD because it has adequate intraday moves great liquidity and spreads.
Nevertheless if I visit GBPUSD range locked, I might switch to EURAUD or USDJPY instead for a few sessions.
GBPUSD live transactions will typically have TP of 24 points (pips) and SL of 8 points. I like to decrease losses fast rather than tote grip them.
I also rarely possess loosing streaks of much more then 3-4 transactions and with this SL/TP combo it's simple to regain.
Some fast facts. Trade isn't revenged by me, '' I do not raise lot sizes and utilize Martingale. My trading egy is all around S/R correlations I like to fade moves when I see a pair maximum out and electricity.
Are you trading reside? Yes, I have two live accounts and trade full time. I stay here @ London to NY not much into Asian, since there's no purpose unless you're USDJPY trader.
Can I have a daily stage goal? Yes I try to gain 100 points at the point I stop trading trigger it's simple to overtrade and loose your gains.
Ok that's pretty much all you want to know, I'll add more info if feel like it @ a subsequent stage.
RULES OF THIS THREAD:
Please feel free to contribute, a few fast rules:
- no trolls allowed / time wasters / downshifters / starwars fans
- keep it clear and to the point
- no MAs and other crap on the charts if you post any store it pure price action
- only live account traders please
thank you and have a wonderful day!
ADDED:
EUR USD brief @ market open SL 1.1450 TP 1.1060
BRENT OIL: brief sell @ 39.80 SL 41.80 TP 28.20 (YES 28.20!!!)
Pending orders for new week (swing transactions)
SHORT SELL GBP USD @ 4330-4360 SL 50 points TP 4060
SHORT SELL GBP JPY @ 160.40-60 SL 80 points TP 156.80
SHORT SELL EUR JPY @ 127.60-80 SL 80 points TP 122.40
SHORT SELL NZD JPY @ 77.40-50 SL 78.20 TP 74.20
LONG BUY GBP JPY 156.80 SL 80 points TP 164
intraday trade setups (short term)
LONG BUY GBP JPY @ 158.40 SL 60 points TP 160.40
NZD USD short sell @ 6860 SL 40 points TP 6750.
LONG BUY AUD USD @ 7640 SL 60 TP 7720
LONG BUY GBP USD @ 4175 SL 40 TP 4320
General management for your week ahead: GBP USD DOWN (but will pullback first); EUR USD DOWN- sideways; NZD USD DOWN; EUR JPY DOWN (but may pullback first); GBP JPY DOWN (but will pullback first); Brent oil DOWN BIG TIME.
Great luck traders!