How much did you make till now?
forextrader24. . .
I’m up 16 pips in total as of the third day.
It’s gone like this:
Day 1 : 0 pips
Day 2 : -9 pips
Day3 +25 pips
Pending orders on GBPUSD:
BUY 1.5689 SL 1.5660
SELL 1.5634 SL 1.5671
Hoping to close at least 40 pips if one of these trades is triggered based on boundaries of the range GU is caught in.
Moved GU Pending Buy to 1.5671 with SL at 1.5637
Long from 5669 (GU)
moved SL to 5644
Yeah, I’d have to agree. Trailing stops I reckon are overrated.
Added TP to my gbpusd short at 1.5564 - because i might go to bed!
Forexchef, is your above SHORT still alive?
I hope so, because you got a winner here by the looks of things.
Excellent entry. Well done.
Actually just closed manually at 1.5584, so that one was + 50 pips
(probably could have been more - but im happy)
plus, my buy earlier from 1.5669 was stopped out at 1.5638 so for -31 pips
That finishes the day with +19 pips.
SO now progress so far:
Day 1: 0 pips
Day 2: -9 pips
Day 3: +25 pips
Day 4: +19 pips
I know I said I would be shooting for 80+ pip trades, but this seems to work okay, and only takes a couple of hours watching the chart in the opening of the eurosessions to scalp a couple pips a day - because all i need is to average 20 pips per day with GBPUSD to make 100 pips per week. . .then add another currency for 100 pips a week and just make it happen every week and things will go my way
Day 1: 0 pips
Day 2: -9 pips
Day 3: +25 pips
Day 4: +19 pips
Please keep this up to date, I’m interested.
Last European trading session of the week coming up, I’m hopin I can pull 60 pips out of the market and finish +100 for the week - that would be ideal, but T.I.F>This Is Forex, and anything can happen!
You are kidding me?
Didn’t you notice what’s going on across FX since 16:30 EST???
There have been drops across the board of a couple of hundred pips in all major currency pairs & the rest of the pairs in the USDX against the USD.
Yeah - I see that but it doesnt guarantee that GU will move far enough in one direction in the 2hours before and after the open of london (which is when i will be trading) for me to make my desired amount of pips.
what am i kidding you about?
Didn’t you double your account many times over with ALL those opportunities since 16:30 EST?
GBPUSD alone had over 200 pips on offer since 16:30 EST.
If you want to make 50k you need to be a lot quicker on your feet when opportunity presents itsef!
i wish i could have but i only have time to trade starting at 0800 gmt - im looking after 3 young children right now which doesnt give me the focus i need to trade - would have been nice though thats for sure!
They dropped like rocks, didn’t they?
Yeah, they did.
And the Weekly Open Cross was waiting.
You only had to collect the milage they travelled.
Can trading be more simple?
I love seeing these on the charts. Problem is I see them late haha.
Hypothetically say I’m waiting for something like this to happen. Is it strictly listen to the news and trade accordingly? How could one trade these large moves, personally I don’t know what I’m looking for that would signal my entry until way after the fact.
Do you just jump into the middle of one of these moves once you see it developing?
Any input is greatly appreciated.
Perhaps you should take a look at this thread for some ideas. Its been going almost 3 years now and has been tweaked to the point that it is very effective. He also has a free download with all the rules. Like any thing else…ya gotta follow the rules.
http://forums.babypips.com/show-me-money-daytrading/1109-ema-step-system-88.html