Thread: Trading For A Living

Good morning

The sideways movement on Euro seem to be continuing this morning. I entered @ 1.4805. First profit scale out will be @ 1.4840.

The USDCHF is in a downward Channel (H4) which I translate as a continuation of the trend. I have entered short @ 0.8633, first profit scale out will be @ 0.8610.

I'm uncertain what to make of the Aussie. On H4 it is sitting starting 16. Will be seeing momentum now and act accordingly.

Hope you guys have good trading day.

Cheers.

Fantastic morning darendse. I turned on my screen. I am looking for opportunities today. I agreed with your assessment of the EUR/USD, but the price had transferred from your entry point. I placed an order above the R/S level of 1.4800. My order of 1.48408 was triggered therefore I am also buying the EUR/USD.

Darendse,
You're Correct about the EUR/USD. You've got a good trade in drama. I placed a TP at 1.48906, and I will move my SL up as the price moves up. I am trading too cautiously, but I have a $ profit goal for each week. I have exceeded that goal, therefore for the balance of the week, I'll be cautious.

The price hit my SL in 1.48623 for a 21.5 PIP profit.

Originally Posted by ;

Darendse,
You're right about the EUR/USD. You've got a trade in play. I placed a TP at 1.48906, and I will move my SL upward as the price moves upward. I am trading too carefully, but I have a $ profit goal for each week. That I have already exceeded that goal, so for the remainder of this week, I'll be cautious.

Yes, Euro is doing well this morning. My Swissy trade was struggling a little but managed to get going .

I also follow a similar strategy by scaling some profit, rather than a trailing stop.

Nice to see we're all on the exact same page that I bought the Euro this morning for a quick scalp and am now looking for different opportunities to buy it:--RRB-

an opportunity could be presenting itself now...

Originally Posted by ;

Nice to see we are all on precisely the exact same page that I bought the Euro this morning for a fast scalp and'm now looking for other opportunities to buy it:--RRB-

an opportunity could be presenting itself now...

Hello AFX....will 1.4900 be broken ahead of ECB rate decision?

Who knows... but it is looking like it, and I really do have an order in over that level to take me should it be busted.

Rightly or wrongly it is only one of my approaches to exchange breakouts of Highs and Lows.

Of course you receive many fakes outs but when they move they actually go! :-)

Originally Posted by ;

who knows... but it's looking like it, and that I do have an order in above that amount to take me in should it be broken.

Rightly or wrongly it's only one of my strategies to trade breakouts of Highs and Lows.

Of course you get many fakes workouts but when they go they really go! :--RRB-

1.4900 is a biggie...I've a sense it may be one of these breakouts that can go. .

When you consider the daily chart the next big resistance is the 2009 high @ approx. 1.5150.