Day Trading the Forex for Profits...

GBP/AUD - stop moved to 1.6718

 

2nd target hit on GBP/AUD - profit approx 45 pips, approx 0.45%

 

USD/CAD final closed for 30 profit, at approx 1.0353.

Long NZD/USD at 0.7258

AUD/NZD closed for loss

 

NZD USD closed for 0.25% loss

 

NZD/USD - long 0.7264, risking 0.55%

SO, after another busy day, I have a guaranteed profit of 1%, and depending on how NZD/USD performs, it could be 2%

I will take half of NZD/USD at 0.7285, and the rest at 0.7310

Stop at 0.7245

 

Nice to hear from another trader who trades in a similar fashion.

you see the same setups? do you take exits if PA looks bad? do you scale out to multiple targets?

in what way are we similar?

 

Closed out half of NZD/USD for 9 pip loss.

 

I'm a US trader that for some reason has decided to add spot to regular US session.

So I am trading an hour before London through US session. I am mainly just watching Eur/Usd though.

I'll be subbed. Do you have any charts showing what you are looking at?

 

NZD/USD worked out, but I took the entire position at first target, so I finished the day up about 1.8%

Now, 7.1% for the week, and over 13% for the month.

Tomorrow will be light trading, I never trade heavy on Friday... Maybe 1 or 2 trades tops, risking more than 0.5% on each trade.

We will see how the night shapes up.

Good trading to you all -

Greg

 

Long EUR/GBP at 0.8246

risking 1%