Day Trading the Forex for Profits...

Discussion in 'Journals' started by spinfoiltrading, Sep 3, 2010.

  1. closed half position on CAD/JPY for 9 pip loss
     
    #41     Sep 8, 2010
  2. EUR/USD short at 1.2728
    stop at 1.2745
    first target 1.2705
    2nd target 1.2685
     
    #42     Sep 8, 2010
  3. EUR/CHF short at 1.2809,

    stop at 1.2829
     
    #43     Sep 8, 2010
  4. closed 2/3 usd/cad at 9 pip loss
     
    #44     Sep 8, 2010
  5. 1st target hit on EUR/USD

    EUR/CHF closed half at 8 pip profit, moved stop to 1.2820
     
    #45     Sep 8, 2010
  6. Took quarter position profit on cad/jpy, moved stop to B/E

    stopped out on CAD/USD for final third.

    Hectic night! i usually don't trade this much...however, up about 1.3%, locked in.

    all stops at BE +1, and last two positions are EUR/AUD and EUR/CHF
     
    #46     Sep 8, 2010
  7. OK all...I just keep scaling out a bit at a time, 0.1% here, 0.15% there, 0.2% here...so I'm not gonna keep posting each exit...too much to type up here while trying to trade...BUT,

    I am now guaranteed 1.8% profit, even if both 2 trades get stopped out. I could make upwards of almost 5 percent, if all targets are hit.

    We shall see...

    my final targets are 1.3842 on EUR/AUD, making 50 pips, and on EUR/CHF, I have 1.2760 and 1.2740.

    If all are hit, I'll make between 4% and 5%.

    Stops are at B/E + spread on EUR/CHF, and guaranteed 20 pip profit on EUR/AUD.
     
    #47     Sep 8, 2010
  8. Well, was hoping for a runner, and didn't get it in either of the final two positions.

    Final total profit, 2.1% for the night, 5.3% for the week so far.

    Up about 11.5% for the month so far... Looking forward to keeping it going.

    Any questions, any comments.... feel free to ask!

    Greg
     
    #48     Sep 8, 2010
  9. USD/CAD short at 1.0385

    stop at 1.0403
    target 1.0362

    AUD/NZD long at 1.2762
    stop at 1.2742
    target 1.2780

    Only risking 0.5% on AUD/NZD
    only risking 0.75% on USD/CAD
     
    #49     Sep 9, 2010
  10. risking full 1% on AUD/NZD now...average price at 1.2761
     
    #50     Sep 9, 2010