You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Trader Girl Forex Trades
- Thread starter amytrade
- Start date
CAD/JPY Buy 73.57 to 73.27
NZD/JPY Buy 46.57 to 46.50
AUD/JPY Buy 59.23 to 59.00 Sell 60.41 to 60.57
USD/JPY Buy 92.75 to 92.40
GBP/JPY Buy 130.41 to 130.31
USD/CHF Buy 1.1700
NZD/USD Buy .5071
EUR/JPY Buy 116.00
AUD/USD Sell .6500
GBP/USD Sell 1.4393 to 1.4400, Sell 1.4464
EUR/USD Sell 1.2671 to 1.2689
USD/CAD Buy 1.2450
NZD/JPY Buy 46.57 to 46.50
AUD/JPY Buy 59.23 to 59.00 Sell 60.41 to 60.57
USD/JPY Buy 92.75 to 92.40
GBP/JPY Buy 130.41 to 130.31
USD/CHF Buy 1.1700
NZD/USD Buy .5071
EUR/JPY Buy 116.00
AUD/USD Sell .6500
GBP/USD Sell 1.4393 to 1.4400, Sell 1.4464
EUR/USD Sell 1.2671 to 1.2689
USD/CAD Buy 1.2450
I was busy end of last week. Some of my levels got hit Thursday with ok results and I didn't trade Friday. Here's tomorrow's levels. The currencies I believe are most likely to go up on top and down on bottom.
Look for buys
GBP/USD Buy Breakout of 1.4450, Buy hourly MA, Buy 1.4244
EUR/USD Look for possible buys 1.2885 and also 1.2700
EUR/CAD Buy 1.5950
GBP/CAD Buy 1.7900
EUR/JPY Buy 118.66 to 118.50
NZD/USD Sell .5180 to .5211
GBP/JPY Buy 132.21 to 132, Sell 137.27 to 137.50
AUD/USD
EUR/GBP
Look for shorts
USD/CAD Sell 1.2650, possibly 1.2250 if weak there
NZD/JPY Sell 49.00
AUD/JPY Sell 61.50
CAD/JPY Sell 75.14 and breakdown of 74.10 to 74.00
USD/JPY Sell 93.59 to 94.00
USD/CHF Going to be hard to pick sell area could be at 1.1621 to 1.1635, 1655 to 1.1671
Look for buys
GBP/USD Buy Breakout of 1.4450, Buy hourly MA, Buy 1.4244
EUR/USD Look for possible buys 1.2885 and also 1.2700
EUR/CAD Buy 1.5950
GBP/CAD Buy 1.7900
EUR/JPY Buy 118.66 to 118.50
NZD/USD Sell .5180 to .5211
GBP/JPY Buy 132.21 to 132, Sell 137.27 to 137.50
AUD/USD
EUR/GBP
Look for shorts
USD/CAD Sell 1.2650, possibly 1.2250 if weak there
NZD/JPY Sell 49.00
AUD/JPY Sell 61.50
CAD/JPY Sell 75.14 and breakdown of 74.10 to 74.00
USD/JPY Sell 93.59 to 94.00
USD/CHF Going to be hard to pick sell area could be at 1.1621 to 1.1635, 1655 to 1.1671
One of the things I look at BEFORE I consider taking a trade at my levels (made up of Fib retracements, fib targets, weekly and mothly pivots, trendlines, various daily based moving averages, etc) is HOW strong/weak each pair is.
So if I 'anticipate' the USD being weak and EUR strong but in REALTIME the opposite is true I'll trade off of the NOW data.
Don't let your 'opinions' cost you money. I really could care less on days like this where many of my predictions are off because the real time tools I use show me statistically HOW STRONG or weak each pair is.
You want to BUY the strongest pair vs weakest on pullbacks. you want to SELL the weakest pair vs strongest on rallys.
I only buy/sell these predicted levels IF AND ONLY IF I'm not buying the WEAKEST of all pairs or SELLING the strongest.
That would be moronic and have a very low win % and lots of tiny losses.
See currency meter for today to see what I mean. The USD got super strong around 3am EST and EUR was mildly weak and got even weaker so the smart trader would have SHORTED EUR/USD on any rally vs trying to buy dips.
Now on days where my predictions are right and real time tools confirm it I usually trade 50 to 100% larger size and make a killing on those days. On days like this where many of my predictions are wrong I do the opposite REDUCE my trade size on some pairs but keep normal size on BEST pairs such as selling EUR/USD Buying GBPJPY earlier, etc.
So if I 'anticipate' the USD being weak and EUR strong but in REALTIME the opposite is true I'll trade off of the NOW data.
Don't let your 'opinions' cost you money. I really could care less on days like this where many of my predictions are off because the real time tools I use show me statistically HOW STRONG or weak each pair is.
You want to BUY the strongest pair vs weakest on pullbacks. you want to SELL the weakest pair vs strongest on rallys.
I only buy/sell these predicted levels IF AND ONLY IF I'm not buying the WEAKEST of all pairs or SELLING the strongest.
That would be moronic and have a very low win % and lots of tiny losses.
See currency meter for today to see what I mean. The USD got super strong around 3am EST and EUR was mildly weak and got even weaker so the smart trader would have SHORTED EUR/USD on any rally vs trying to buy dips.
Now on days where my predictions are right and real time tools confirm it I usually trade 50 to 100% larger size and make a killing on those days. On days like this where many of my predictions are wrong I do the opposite REDUCE my trade size on some pairs but keep normal size on BEST pairs such as selling EUR/USD Buying GBPJPY earlier, etc.
Attachments
Here's a great example of a trade I took based on two things.
The AUD became the strongest pair at about 1am and JPY was moderately weak on the 60 min trend but the 3 hour, half day and daily trend all down. AUD strong and JPY weak and thus no brainer trend trade.
The other tool I use is called the Power Index which measures the % of currencies that support a trade. In this case it peaked at 100% which means the AUD is trending up against all other pairs! The JPY is trending down against all other pairs!
This trade when you see it real time almost always works and I was in at 60.65 and set my stop under swing low and set target at 61.50 which is right under last week's high which I felt would be resistance. In trading this way you can often set it and FORGET it. If I watch trades tick by tick I often get out only with 10 to 20 pips but by doing your analysis and being in BEST pair your odds go up.
The AUD became the strongest pair at about 1am and JPY was moderately weak on the 60 min trend but the 3 hour, half day and daily trend all down. AUD strong and JPY weak and thus no brainer trend trade.
The other tool I use is called the Power Index which measures the % of currencies that support a trade. In this case it peaked at 100% which means the AUD is trending up against all other pairs! The JPY is trending down against all other pairs!
This trade when you see it real time almost always works and I was in at 60.65 and set my stop under swing low and set target at 61.50 which is right under last week's high which I felt would be resistance. In trading this way you can often set it and FORGET it. If I watch trades tick by tick I often get out only with 10 to 20 pips but by doing your analysis and being in BEST pair your odds go up.
Attachments
Note currency meter chart above is what caused me NOT to short the GBPJPY at 137.27 to 50 as thought. JPY was super weak and GBP was increasing in upward momentum.
This means traders are buying the GBP against most other pairs and pretty much selling the JPY against everything!
You don't ever want to short one of the strongest pairs, its rarely ever going to work and its MORONIC not to trade with the trend on pairs like this.
I didn't even short my AUD/JPY level even though it was resistance like I thought it was because of how strong the AUD was earlier and mostly how weak the JPY was.
One other thing I do, becomes sub conscious once you have years of experience, is see how a currency handles support/resistance.
The USD/CHF found support today at last week's low. Bounced HARD off of that showing buying in this pair. Plus USD showed incredible strength and CHF weakness so my predicted sell of this pair got THROWN into the garbage.
Only trade your opinions when REAL TIME data supports it and my last night's estimation of trend was way off.
I did think the EURUSD would find support at the hourly but was wrong and lost 15 pips on that one. In retrospect I should have shorted the previous week's high once it was broken and retested from below. Perfect short there but I missed it.
This means traders are buying the GBP against most other pairs and pretty much selling the JPY against everything!
You don't ever want to short one of the strongest pairs, its rarely ever going to work and its MORONIC not to trade with the trend on pairs like this.
I didn't even short my AUD/JPY level even though it was resistance like I thought it was because of how strong the AUD was earlier and mostly how weak the JPY was.
One other thing I do, becomes sub conscious once you have years of experience, is see how a currency handles support/resistance.
The USD/CHF found support today at last week's low. Bounced HARD off of that showing buying in this pair. Plus USD showed incredible strength and CHF weakness so my predicted sell of this pair got THROWN into the garbage.
Only trade your opinions when REAL TIME data supports it and my last night's estimation of trend was way off.
I did think the EURUSD would find support at the hourly but was wrong and lost 15 pips on that one. In retrospect I should have shorted the previous week's high once it was broken and retested from below. Perfect short there but I missed it.