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An experiment in forex position trading
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An experiment in forex position trading

  #1 (permalink)
Elite Member
Perth WA Australia
 
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An experiment in forex position trading

Hi, I have some spare time for a month or two soon so I was going to concentrate and document trades and decisions for my own amusement or feedback.

I'll be running 3k account using TPO and tech analysis in a micro FX account.

tbc.

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  #2 (permalink)
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  #3 (permalink)
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numas View Post
Hi, I have some spare time for a month or two soon so I was going to concentrate and document trades and decisions for my own amusement or feedback.

I'll be running 3k account using TPO and tech analysis in a micro FX account.

tbc.

Looking forward to it. Any particular pairs and sessions?

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  #4 (permalink)
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Marty087 View Post
Looking forward to it. Any particular pairs and sessions?

Majors to start with and maybe others later.

I'm not sure exactly how it will run yet, but I'm thinking it will be about exposure and attempting to trade into and out of 'value areas' over a longer time-frame.. well, that's the rough plan for now.

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  #5 (permalink)
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Okay so just looking at e/u for now and this is how I see it. I would like to try buy into a small dip from Monday for a possible run to 1.1600

Failing that I guess it will fall back into the channel, down to about 1.0944

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  #6 (permalink)
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a/u looks interesting and maybe might try buy a small dip and sell a failure going into next week:

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  #7 (permalink)
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a/u trade worked out well but I closed it off too soon due to not adjust the tp prior to the new event, oh well.

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E/u long was taken, up 30 pips so just sitting on b/e to see if it runs (not that hopeful.)

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No other plans for next week yet.. but looking at s&p I thought this so just watching for now.

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E/u long that was at b/e survived and got flat at 1.1193 ish on the 17th and haven't been in a Euro position since.

Tried to ride Aud short during the week but it didn't break 7540 so I brought long, still holding the shorts and that leaves me averaged short at 75560.. so considering sentiment is slightly bullish I'll be buying dips next week.

The POC is heavy around 7550 and 7700:

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Hopefully a dip an AUD will get gown to 7556 and then to play it from there..

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Last edited by numas; June 25th, 2017 at 05:41 AM.
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  #9 (permalink)
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I added the account to myfxbook.. here are results since the 10th of June.

http://www.myfxbook.com/members/klaatu

I started with a few different pairs but I am just trading aud/usd now as I am back at work.

Account is 1k at the moment. I was going to start with 3k but I am going to see how I go for a about three months and then maybe add some after that.

Currently STILL trying still ride Aud long and had a few good buys but still can't get rid of my shorts even though I had two good chances last week, and yesterday!! frustrating.

I was watching it at the lows of yesterday and brought a bit, but obviously not enough because the news sent it north and I still have shorts hanging... I need to try and 'get flat' (correctly) prior to big news in the future because even though I knew of the long-bias I was betting too heavy on news sending it south (silly).


Last edited by numas; June 27th, 2017 at 03:28 AM.
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  #10 (permalink)
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So apparently this is more like swing trading than position trading. Or maybe it was a position trade that is turning into a swing trade.. ??

Still holding Aud short and sentiment seems to be turning slightly in my favor so hopefully that continues during the week - so I'm adding shorts on any price rallies to get my average price higher and hopefully I can get out of this alive.

I have been trying out cTrader platform as they have a mobile app that is quite easy to use. Oandas mobile app has just been awesome and so easy to use that I have not really wanted to move.. but cTrader gives a better spread of .5 on Aud whereas Oanada varies a lot.. but I have never had an orders missed or jumped on Oanda, whereas that might happen on cTrader as from what I understand it is using different liquidity providers..no issues in the week other than some slippage on a stop, which went from a stop of +2 to -9! during a big move (Oanda never seems to slip, they just take out stops by widening the spread, lol).

So just going to see how much that continues to happen in the next few weeks, thinking maybe I will switch at some point or just run two side by side.

Sentiment in Aud dropping slightly..

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Last edited by numas; July 3rd, 2017 at 08:22 AM.
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