Intraday Trading - LIVE!
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thread: Intraday Trading - LIVE!

  1. #1

    Intraday Trading - LIVE!

    Hi all

    I want to start a thread for Intraday Traders. Often times trades lasting minutes to hours posted in the appropriate currency pair thread have lost in the trend talks and clutter the threads. For all of you who trade intraday this thread is an opportunity to post and share little intraday trades on all major currency pairs - LIVE.

    The simple arrangement I advoe for this is simply post the transaction you created or contemplating producing - PRICE / SL / TP and currency pair. A couple of words to add about why you think it's a good idea - if you want. And brief talks of the trades or posting results if you'd like. No cluttering, please.

    Recall, choosing to follow the advice of others that is posted here in your own trades is your responsibility. I also bet the majority of the FX market won't read this thread and the majority of those that do won't make the same trade and even if they do - it's good for you because they help move the market where you want - so do not be shy and discuss the pips.

    FIRE AWAY !

  2. #2
    My senile ass forgot too! I think its rule #1 or maybe #2. But successful traders don't look at it much but they're longer term traders.
    No, my RULE NUMBER ONE of TRADING is DON'T DO STUPID. . STUFF!

  3. #3
    Extended GBP/JPY 211.07 - TP 211.27, SL 210 - yeah, I know I know that it's broad - but I got an ascending triangle from the onset of the month having 4 touches on it, directly above 210 now.

  4. #4
    Extended GBP/JPY 211.07 - TP 211.27, SL 210 - yeah, I know I know that it's wide - but I got an ascending triangle from the start of the month with 4 rolls onto it, directly over 210 now.
    Nice triangle! It's a big one, so once it breaks out the payoff should be useful.

    For triangles on the G/J, I have a guideline to wait for a 4hr candle near, then another near with the entire candle figure across the line, before entering.

    When I break this rule I usually get burned, although recently the breakouts eliminate and just go. This past month, individuals who input a stop did well. For me, the trades that would have made my month, I saw run away.... ces't la vie.

    Considering scaling in, take a small position on a stop, then another after candles near, then another about the pullback into the line...

  5. #5
    Cool. However, maybe not an intraday trade.
    My game plan is to put at the work and get my 20 - 40 pips per working day (on average leverage of 10, I aim for 5-15 now) net profit. Doing I can see a lot faster wheather I can trade nicely or not at the longer term and that I can boost my account by 150-200 percent each month (which is my target in trading Foreign Exchange). By maintaining my leverage the same that I do not have to wait for to gain the same number of pips from trades but probably on lower leverage to start with, and of course from the time that the transaction is closed. Here's the math as I see it, if I raise my account by 4% each day then in two weeks I get: 1.04^10=1.48 or 148 percent. If someone manages to gain the same 400 pips on a trade at the same two weeks and the same leverage of 10 - he will nevertheless have only 140%. Additionally, even when we have the same success rate, when your trades require say two weeks, then the time that it takes to finish them becomes significant - aspecialy when it turns out you wasted your time and failed to gain from the transaction throughout the whole two months. I'm ready to put in the work if I see that my target can be accomplished, and it's worth it.

    But, that is all off-topic also. Back to work.

  6. #6
    Cool. But not an intraday trade.
    Yes it certainly is. Good to get 100 in each day, sometimes 400 or 3. We're speaking right, G/J? But if it is just worth 40 it was an commerce, which I attempt to create each of mine.

    I will boost my account by 150-200 % each month (which is my target in trading forex).
    Ooooooookay. See ya.

  7. #7
    Extended EUR/GBP - SL 510, 525, TP 54

  8. #8
    Member Ameny's Avatar
    83
    Long EUR/GBP - 525, TP 54, SL 510
    Nice get, trader!

  9. #9
    Short on CAD/JPY and CAD/CHF ..

  10. #10
    SL - 206.15

    TP#1 - 50 percent - 205.00 (Filled)
    TP#2 - 25 percent - 205.75 ----- Move LS into BE (Target attained but not filled because of spread. SL moved into BE.)
    TP#3 - 25 percent - 204.00

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