Forex price action trading

[momoNY]

Closed the last position at 1.2370 for 200 pips profit, i.e. a $1000 profit. Waw! reached the challenge in almost a week!!! It is exceptional obviously. The market tomorrow will break the low 1.2357 and then may go up (if not, then it is really weak) then come down the day after. We will short when there is good setup and a good resistance.
I am going to set myself another challenge; reach $10,000 (I have to make $4000) before year end and open an account with IB to trade ES.

26 trades, Profit: 1271 losses: 213 pips P/L: 1058 pips
19 winners, 7 losers.
Total challenge P/L: $3010.

 

[Vas62]

I was trading CL all this year,but going to switch to eur/usd. Kind of more predictable these days.

Why would you want to go back to ES if you doing well with Euro?

 

[momoNY]

I was trading CL all this year,but going to switch to eur/usd. Kind of more predictable these days.

Why would you want to go back to ES if you doing well with Euro?

You can trade volume, it behaves like euro, it is very predictable. There is also taxes in case I make money, futures are taxed around 23% Forex I think is taxed at 33%. I traded CL at one point I lost my shirt, very nervous instrument!

 

[momoNY]

Short 1.2383 stop 1.2398 target 1.2333, too risky but small risk.

 

[momoNY]

Short 1.2383 stop 1.2398 target 1.2333, too risky but small risk.

Changed my stop to 1.2436. Add another position at 1.2393, same stop, same target. I have to confess that I am getting off sync may be. Tomorrow th low at 1.2357 should be broken otherwise we may go a little higher (past my stops)
Edit: Target 1.2308

 

[momoNY]

Changed my stop to 1.2436. Add another position at 1.2393, same stop, same target. I have to confess that I am getting off sync may be. Tomorrow th low at 1.2357 should be broken otherwise we may go a little higher (past my stops)

Here is the chart:

 

[momoNY]

Changed my stop to 1.2436. Add another position at 1.2393, same stop, same target. I have to confess that I am getting off sync may be. Tomorrow th low at 1.2357 should be broken otherwise we may go a little higher (past my stops)
Edit: Target 1.2308

It did happen, need sometime off. Stop triggered at 1.2436, for a total loss of 96 pips ~$500 loss; it was so stupid to add another position for a weak setup like this one. This was gambling nothing else. In fact here is where I should have shorted, a test of the trendline, too impatient; I am going back short at 1.2426 stop 1.2473 target 1.2326

28 trades, Profit: 1271 losses: 309 pips P/L: 962 pips
19 winners, 9 losers.
New challenge: -$500

 

[momoNY]

Added one more position short at 1.2442,targett for both 1.223, stop 1.2473. Average price on both is 1.32.
We should go down from here, otherwise shit! It may go into range bound trading again for a week or more!

 

[momoNY]

The pic.

 

[momoNY]

Playing it safe here, closed one position for 4 pips pofit and moved my stop on the other entered at 1.2442 to 1.2448.