My Forex Box Trades

Discussion in 'Journals' started by Trading4Living, Mar 17, 2009.

  1. Glad to see that you adjusted your risk/reward.

    What are your other targets?
     
    #11     Mar 17, 2009
  2. Are you placing your stops based on swing highs/lows, volatility or just a fixed pip amount?
     
    #12     Mar 17, 2009
  3. based on highs and lows, My first target is 100 pips and I leave a portion running and use a trailing stop of 50 pips
     
    #13     Mar 17, 2009
  4. Hi

    I just posted my new screen shot on my blog. PM me if you don't have the URL

    3 longs this week 2 winners and 1 closed at BE.. Didn't trade after the FOMC market never retraced to my EMA 50 so I stayed out.

    200 pips for the week!

    Becks!
     
    #14     Mar 21, 2009
  5. 10 PIPS

    10 PIPS

    Becky:

    I read your set up as follows:

    Setup:

    (1hr chart)

    EMA pairs of 5 and 2 (5 in red color - 2 in black color)
    EMA 50
    stochastics at standard settings 8,3,3 (mainly for divergence)

    That's all

    I go short when price is below EMA 50 and when the red ema goes below
    the black ema
    ------------------------------

    EMA 50
    EMA 5 RED
    EMA 2 BLACK

    Price below EMA 50 and EMA 2 below EMA 5 makes sense for a short

    However:

    Price below EMA 50 and EMA 5 (RED) below EMA 2 (BLACK) does not make sense for a short simple because when EMA 5 is below EMA 2 PRICES ARE MOVING UP!

    Am I missing something?

    I mean to be constructive.

    Sincerely
    10 PIPS
     
    #15     Mar 22, 2009
  6. my bad, for short ema 2 should be below ema 5
     
    #16     Mar 23, 2009
  7. That was an average week for me only 2 trades for a 100 pips each.. I just posted the screen shots on my blog.

    I hope you guys survived the crazy spikes that we all saw this week that's why I don't trade 30mins before and after news
     
    #17     Mar 27, 2009
  8. Here is my EUR/USD trade today:

    Short @ 1.3504
    Closed the trade @ 1.3454

    Earned 50 pips today and I am done
    for the rest of the day.. see you guys tomorrow.
     
    #18     Apr 6, 2009
  9. EUR/USD 150 pips earned today:

    Short @ 1.3337

    First Target Reached at: 1.3287 (50 pips)
    Second Target: 1.3237 (100 pips)

    Happy trading everyone!

    Becky
     
    #19     Apr 7, 2009
  10. only 3 trades this week, total of 250 pips happy holidays!

    See you next week.
     
    #20     Apr 10, 2009