Trader Girl Forex Trades

Projected TREND UP
CAD/JPY Buy 75.05 to 75.00, buy 74.19 to 74.00
USD/JPY Buy 94.00 to 93.88
GBP/JPY Buy 136.00 to 135.49
USD/CHF Buy 1.1600, Sell 1.1800 to 1.1807
NZD/JPY Buy 47.13 to 47.00, Sell 48.94
EUR/JPY Buy 118.66 to 118.50
GBP/USD Sell 1.4650 to 1.4658 – if breaks out high go long
AUD/JPY Sell 61.50
GBP/CAD

Projected TREND DOWN
USD/CAD Sell 1.2593 to 1.2600
EUR/USD Sell 1.2850 to 1.2858
NZD/USD Sell .5155
EUR/GBP
EUR/CAD
AUD/USD Sell .6500

Of course REAL TIME indications MOST important but if I see real time tools pointing toward my predicted direction I trade larger size than normal. Sometimes 30% up to 100% bigger.

Remember the KEY to trading is BIG wins and small losses and on trades that are MORE likely to go 30 to 50 pips catching them with DOUBLE size lots makes you TWICE as much and dramatically improves your win/loss ratio.

You do NOT need to be even 45% right to make money if you catch the occassional huge win with bigger size.

I move stops to break even when up 12 to 15 pips. I also tend to use 10-12 pip stops (under previous swing high/low). Use tick charts for more precise entries and tighter stops which also lets you trade larget size with same LOW risk % per trade!
 
Alternative to going big up front, is go small up front and add on aggressively once the move is under way. A bad initial entry will be a tiny loss compared to catching a move and piling it on which will dwarf the losers. Also, once in profit, part or all of the "bet" is house money depending on your gearing, how aggressive the add-ons, etc.
 
Quote from JR97:

Alternative to going big up front, is go small up front and add on aggressively once the move is under way. A bad initial entry will be a tiny loss compared to catching a move and piling it on which will dwarf the losers. Also, once in profit, part or all of the "bet" is house money depending on your gearing, how aggressive the add-ons, etc.
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Yes I agree but was never psychologically able to add to a position when it moves my avg entry price farther away from initial entry. My entry methods are about 60% winning with maybe 10 to 20% break even trades so I believe the way I trade I make more by piling in at the best initial entry.

I would agree for those with less accurate trading methods or longer term trend followers who hold positions for a few days this could work well. It scares me to add to position and then my avg price could be within the noise of the market and initial super tight stop is now too far. I hate when the noise gets me out of trades, I like to feel GOOD when exiting with a loss knowing that most times the trade had no chance of success. With this method the noise of the market could stop you out, at least the way I trade it would seem to often.
 
Today was an amazing day as many of my predicted trend directions panned out and on top of that had REAL strength behind them so I doubled up on many positions including the one I thought to be most strong today which was CADJPY.

Here's tomorrow's predicted directions plus levels I'm looking to buy/sell at. Remember I only enter at these areas if the counter trend move is NOT too strong. I will never buy weakest pairs or sell strongest at highs!!

I'm anticipating AUD to be one of the strongest pairs and JPY weakest and if in REAL time this plays out will be trading heavy. Trend may reverse though so watch real time charts before entry.

Score Predict
AUD/JPY 0.6 0.7 Buy 61.50
EUR/JPY 0.58 0.7 Buy 122.00 light and 122.20 heavy size
EUR/GBP 0.58 0.6
CAD/JPY 0.57 0.6 Buy 75.50
NZD/JPY 0.57 0.7 Buy 49.10 – 49.00
AUD/USD 0.57 0.55 Buy breakout of today's high
EUR/USD 0.55 0.55 Buy breakout of today's high 1.2750 as well
USD/JPY 0.54 0.55 Buy 95.50-95.39
NZD/USD 0.53 0.6
EUR/CAD 0.52 0.55
GBP/JPY 0.51 0.5
USD/CHF 0.49 0.4 Sell 1.1650
USD/CAD 0.47 0.45 Sell Today's high tomorrow
GBP/USD 0.47 0.4 Sell 1.4580 to 1.4600
GBP/CAD 0.44 0.35
 
I've been pretty accurate in the GBP/USD this week with yesterday's low, 2 day ago's high and today's high NAILED.

This was what I considered would be the second weakest of all pairs today and I made a bloody fortune in it as REAL TIME indicators confirmed my overnight analysis and I doubled up my trade size and caught about 300 pips in it. Just one nice trade like this will make a traders month if not quarter!
 

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I thought GBPCAD would be weakest today, I was wrong the GBPUSD was however I also shorted this at break of hourly MA and also on retest. Another great trader confirmed with trend tools I use.
 

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You're NEVER going to be right all the time but it doesn't matter. 10 to 15 pip losses and 25 to 50+ pip wins solves that problem real fast.

My first level in USD/CAD I lost about 15 pips and shorted the second level at 1.2610 as seen on the chart at the high and made about 35 pips on it.
 

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The EUR/USD was my most disappointing pair today. I got a quick 15 pipper on hourly MA touch and then bought at area 1.2750 and lost 15 pips. Can't be right all the time and while the USD was strongest pair today EUR had slight strength at lows and thats why I bought. I didn't re enter at 1.2700 when trendline broken but SHOULD have as it shot up 50 pips and was under what is called the contrainment bands and usually markets explode up when under them.
 

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Likely UP
Score Predict
EUR/GBP 0.56 0.6 Buy .8900 to .8889
USD/CAD 0.55 0.6 Buy 1.2450 to 1.2438
USD/CHF 0.54 0.55 Buy 1.1640
USD/JPY 0.53 0.6 Buy 96.09 to 96.00
AUD/JPY 0.5 0.55 Buy 62.00 to 61.73
EUR/CAD 0.5 0.55

Likely DOWN
CAD/JPY 0.48 0.45 Sell 78.00 to 78.25
EUR/JPY 0.48 0.45 Carefully sell 125.00 and next fib target up
AUD/USD 0.48 0.45 Sell .6575
NZD/JPY 0.47 0.45 Sell 50.75 to 51.00
EUR/USD 0.45 0.4 Sell 1.2884 to 1.2900
GBP/CAD 0.44 0.4
NZD/USD 0.43 0.4 Sell .5161
GBP/JPY 0.42 0.3 Sell 139.77 to 140.25
GBP/USD 0.39 0.3 Sell 1.4342 to 1.4445 likely to be weak on retrace up!
 
If a currency is weak then my levels don't work as well. Here's todays EUR/GBP which I thought was most likely to go up. It bounced off my .8900 level but couldn't get over the 38% fib so had to exit with only 15 pip gain. If a market can't get over 38% fib then its weak and my next entry was when it broke second trendline and exit at .8905 for 35 pips
 

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