Congratualtions, nice trade. 
cheers bleek
watch out for the next one 
just entered EUR/USD long at 1.4133
stop loss - 1.4095
target - yet to be confirmed
Iāll br writing an article later that might change your mind on being bullish EUR/USD. 
well my stop is pretty tight at less than 40 pips away and i am only targeting 100 pips or so, it has a fairly decent chance of sucess due to the short term support the trendline i mentioned earlier is providing, once it breaks back above the 61.8 fib level i am pretty sure it will gather a fair amount of bullish momentum
look foward to your article bleek
we ae now 30+ pips in profit on eur/usd
just shorted eur/gbp at 0.8588 for a short term scalp of 10 - 20 pips
sl 0.8595
if eur/gbp doesnt see much movement soon i will close position with a small profit
decided to adjust stop loss for eur/gbp to 0.8620 and go for a longer term trade, head and shoulders pattern looks soon to complete on a 1H as well as a recent bounce of a decreasing trendline drawn on both the 4H and daily
take profit to be confirmed dependant on movement
stay tuned
been out all day today from early mornig so have been trading from my phone thus not able to post reults and taken trades straight away but hereās how it wentā¦
eur/usd last night got stopped out at 1.4095 for - 38pips
eur/gbp moved a little higher where i opened a second position at 0.8612 then closed both positions at 0.8579 for a + 42 pip gain
have opened a long trade on the usd/jpy @ 95.84
current tp on usd/jpy trade is 96.55
almost there
didnt manage to hit tp before news release so cut trade early at 96.24 for a + 40 pip gain
have re-entered long the usd/jpy at 95.61 with a stop set at 95.00
wow close call lol, came within 5 pips of stop, the ascending trendline should hold price above 95.00, supported by 07/08/09ās low
we should see a strong reversal now
well my trading is VERY simple, its just based on horizontal support and resistance, trendlines and fiboās as well as the odd chart or candle pattern when they emerge
i generally trade the hourly charts, a typical trade lasts maybe a few hours to a day or two, a 40 pip stop with a 80 pip take profit or something along those lines
and yes i do occassionally like to scalp low spread pairs like the usd/jpy and the eur/usd
i also like to scalp my swing trades as i like to call it, which is basically after moving so many pips in the green and its pretty clear to see price will make a small reversal i exit and re - enter at a better price netting an extra 10-20 pips profit on the same trade
for example USD/JPY
entry at 90.15
stop at 90.40
take profit at 89.50
price moves from my entry at 90.15 down to 89.80 where it encouters a support level, i will then exit at 89.80 and re-enter on the pullback when it reaches say 89.95, however if price does not pullback and i fail to get back in on my trade then i leave it but more often than not i get back in and manage to net some extra pips
lee
ProfitForextrader, are you opening this thread backup? Enjoyed what i read. I am not trading, only on demo, btw enjoyed how you did the play by play.
rt
yes i am considering starting this thread back up, reason i stopped was because i was taking the time out to post every trade as i take them but the thread didnt seem to spark that much interest so i thought it a waste of time, i may start another one in the newbie island forum as that is viewed the most, what do youās think?
I say do it. Open it up! You went from $400 to 11K, Iām interested!
ok iāll start the new thread either sunday night or monday
and actually its ļæ½400 lol
im in the UK
I donāt know about starting a new one based on popularity of a forum section, I mean I only use the New Posts link which displays the threads that have new posts from ALL the forum sections. Itās probably the titleā¦lolā¦sometimes a boring title (no offence) takes longer for interest to take hold, but I feel if itās got some substance and consistency, it will become more interesting. Now maybe a few more charts to go with the dialogueā¦
Actually after reading a few of your posts, itās uncanny that Iāve just been doing the exact same thing lately like youāve described. After Joe100 started his thread, the 27/100 max loss/win, which I attempted and still attempting, it opened my eyes about swing trading, and Iām finding it much easier and gives me a much better risk/reward ratio than scalping which has been my style for the last almost 2 years.
Iād like to post up some charts when something comes up for discussion.