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FX - The Wild Wild West

Daytrader21 Posted 2 May  in #Trader's blog #Forex #GBP/AUD #EUR/AUD #Timing #Margin Call #UK Pmi
So, a new month has started and like a good champ I'm , I start to make plans and tell myself I'm going to take only the setups that fits my criteria. So far so good until I see a trade on GBP/AUD (see Figure 1)and I see a nice short opportunity, everything was pointing for a down move and I decide to short it.
What do you thing happens the first moment after my order got triggered? Yes you're right the market starts moving against me . But it's not moving slow and steady but instead it's postin…
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Alexthebest 2 May

: ........."WTF!!!! it's like the market knew all the time where my order was, but does she knew I was playing with virtual money LOL?"  :))))  com on give up: you have trade the same pos. in real too, I don´t tell to nobody I promise, if you said to me, right after that I order the funerary :))))))))))  -  a Little  joke :)) nu? :))))))))))))))))))))

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Daytrader21 2 May

Alexthebest LOL.......... I have no problem whatsoever to admit that I either took(or dint' took)that trade in my live account, but the truth is that I didn't. Actually there where many time when I came out in my blog and spoke about the losses I took in my life account, but this time it was not the case. However what happens in my live account is none of your business:)

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Short GBP/AUD. Trade Explanation

Daytrader21 Updated 16 Aug.  in #Trader's blog #Boe #GBP/AUD #Fundamentals #Inflation #Dovish #Wadge Growth
Since it's weekend I just want to take the time and cover in details my latest trades and give you more explanation behind those trades.Today I'm going to start with my short GBP/AUD trade and tomorrow I'll explain my long EUR/AUD which was a loss.
Currency Pair: GBP/AUD
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.807985
Close Price: 1.79997
PnL: +80pips
Open date: 13.08.2014 09:30:47
Close Date: 13.08.2014 09:48:37
Reasons Behind the trade: This trade was based just on fundamenta…
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Short GBP/AUD Trade Explained

Daytrader21  in #Technical analysis #Trader's blog #GBP/AUD
I have no idea what was happening but I couldn't access the Trader Contest webpage during the weekend even though I've tried several browsers it just didn't loaded up, but every other page was working. I though that it must be some tech problem and everyone else should have this problem but it seems I was wrong as the other fellow traders where able to post in the blog. So, I'm the only one who couldn't access the Trader Contest webpage?
Anyway, lets move further as in this blog post I want to s…
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CommunitySupport 13 Aug.

yes, technical problem, one of the servers died during weekend.

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PPandM 13 Aug.

... server died? R.I.P.

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Quick Review of my Long GBP/AUD Trade

Daytrader21 Posted 17 Apr.  in #Trader's blog #GBP/AUD #Bullish #Review
Currency Pair: GBP/AUD
Side: Long
Amount: 5Mill
Time Frame: 4h
Open Price: 1.783504
Close Price: 1.784852
PnL: +13 pips Profit
Open date: 13.04.2014 22:35:13
Close Date: 16.04.2014 01:59:41
Reasons Behind the trade: The only reason why I traded this pair was because of the extreme oversold conditions and the fact that I had the change to re-enter a position in the direction of the primary bullish trend. The only thing that went wrong with this trade was the fact that I trailed my stop loss…
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3 Comments
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CommunitySupport 17 Apr.

perfect explanation, thanks!

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Daytrader21 17 Apr.

he he, Thank you!

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CommunitySupport 17 Apr.

you are always welcome!

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Game Over

Daytrader21 Posted 3 Jan.  in #Trader's blog #GBP/AUD #Margin Call #Revenge Trading #Internet Connection
Yesterday was the first trading day for the new Contest and unfortunately I was stopped out on my long GBP/AUD position, but what's even worst is that I got a margin call. There were several events that lead to this catastrophic result and mainly was due to the fact that I lost my internet connection right after the New York session come in and it was at the moment when the market started moving against me, and I was unable to mange my position and even to watch what the market is doing.
I don't…
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seediee 4 Jan.

omg, sad to hear that. :( but I'm sure you will recover soon from your loss. You're a smart guy! :) Don't give up! Jump! :D

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Daytrader21 4 Jan.

Thank you guys for your support. I do think that I may try at least to bring my account back to BE if I have enough time

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Neu_spir8 6 Jan.

Take a break and come back fresh.

alifari avatar
alifari 8 Jan.

Always look forward to your posts, all the best in live trading this month.

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Daytrader21 8 Jan.

Thanks Alifari, wish you all the best

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AUD Positions - Target Reached

Daytrader21 Posted 26 Dec.  in #Trader's blog #AUD #GBP/AUD #Fundamental #Technical #AUD/USD #Rba #Interest Rates #Tapering
Although it was Christmas and we didn't had proper trading conditions but I still have had 2 opened positions which where closed today as my taking profit order was reached. I had five fundamental reasons behind my AUD bearish view:
  • Few months ago RBA cut interest rate at historic low.
  • RBA has decided to kept the door open for another round of interest rate cut if the economy is not showing signs of recovery.
…
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sonjatrader 26 Dec.

Interesting point of view.Nice article Daytrader21 :))

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Daytrader21 26 Dec.

Thank you Sonia for your kind words

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HOANG_MAI_NHI 27 Dec.

very good, i see u take profit it

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