Forex Trading 2018- TA/FA- Setups and discussion, page-4825

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    Hi Two Hands Jedi knight, hope your finding some time to trade recently.  I am just going to type my thought process over the next 2 hours.


    Tonight I have my plans for London Open set to go BUT

    you never know which way the London Bankers will push the EUR & GBP.

    I was looking for the Sell-Off on GBP but it didn't happen(Yet).


    6PM -  There was the normal FAKE move one direction which was down.

    6.30PM  Now they are pushing the Pound up 60 pips in another direction.  I managed to jump on GBPUSD & GBPAUD.

    6.50PM -  Sold CADJPY  /  Brought NZDCAD  /   Sold EURJPY (  Bad trade lost 8 pips ) /  Brought USDCAD 

    7.55PM - Closed GBPUSD 40 pips profit and GBPAUD 35 pips profit.

    8PM -  I have found this month the moves on the pound are occurring around 1 hour earlier (  Daylight savings ? ).  


    This is all M5 trading tonight.  So as I type this now, there was a large pinbar that halted the move on GBPUSD.   I actually never trade pinbars because they are wrong more times that they are correct. Again the pinbar doesn't hold the pound so I am back in for hopefully some more pips.


    8.33PM - Buy GBPUSD  and out 7 pips profit.

    8.45PM - Buy GBPUSD and out 6 pips profit

    9.01PM - Buy GBPUSD and out 6 pips profit 

    9.10PM - now up 92 pips profit, just 10 more pips hopefully will do.

    9.11PM - Good in profit with CADJPY around 9 pips, I will set a 5 pip min win to trade manager.

    9.15PM -  I see a 123 to the downside on GBPUSD so that's it for me with this pair, 0.8 pip profit.

    9.17PM  - Closed USDCAD for profit of 15 pips. I really like this trade but its stalled for around 2 hours so I am out.

    9.17PM -  Still in NZDCAD and up a few pips. I am happy to let this run a while. I really screwed up that EURJPY trade tonight.


    That's it for me -  I have my target and will let NZDCAD & CADJPY run with a tiny stop loss.


    Last edited by RickM: 28/11/18
 
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