Fx Trading For 9-5ers

[popoola]

I am starting this thread for two reasons.

1. I want to catalog the outcomes of the calls I make.
2. I want to receive input from others who are in the same position as I am. ie traders helping traders. So please contribute to this thread

I am not looking to sell a system. If I hit on a system that is 99.999% correct. That turns $1 into $2000000000000 in 2 weeks. It will still not be for sale - maybe to the banks though. That is not to say that I am against selling systems as I have bought a few. I just dont like super fantastic claims because one or two trades fell into place in the right way and yeilded a lot.

I have been on this forum for a while and read a lot of comments others are writing.

I struggled with day trading as I work full time and sometimes I could open a window at work and try to trade but I find that day tading needed a lot of focus during the day ( hence the term 'day' trading!) So I am now trading off the daily and the 4h charts instead of the 5 minute etc.

I use a combination of the G7, Forexbands, daily swing pivot points systems for trading and therefore have mashed the systems to suit me. So please bear with me if you cant decipher any particular system

[golhuntsleep]

This is exactly what and why I teach what I do.....good luck with the thread, I'll watch it.....4hr and dailys are the traders charts......

[popoola]

Thanks for dropping by Golhuntsleep. I follow your input on this forum because you trade the same timeframe as I do. You are way up there. Much respect.

[popoola]

Guys

Looking at selling the Audjpy today on a retracement of say 30-40 pips. Missed the entry I wanted. The 9-5 thing again (was at work). Reason 123top, rough head and shoulder break and a most rudimentary elliot understanding. Comments anyone?

Chart uploaded.

[popoola]

Sold the AUDJPY @101.30 stop @101.95 looking for 100.30 area.

Reasons


Yesterdays low broken
Weekly lows broken
2 Weekly lows broken
Rudimentary c wave down
Rough H&S in play

[popoola]

Sold the AUDJPY @101.30 stop @101.95 looking for 100.30 area.


The above trade has moved our way a lot

Moved the stop to 100.74 as big risk day today

[popoola]

Originally Posted by popoola

Sold the AUDJPY @101.30 stop @101.95 looking for 100.30 area.


The above trade has moved our way a lot

Moved the stop to 100.74 as big risk day today

Stopped out @100.75. Stop too tight in this case as market is 40 pips better at this time. Looking to get back in on a retracement or after the break of 100.25. Big data in 10 minutes

overall +56 pips

[popoola]

I believe we are doing a rudimentary wave c:4. This should reverse and collapse in a c:5 to new lows below 100.90 area. if this count is right I will be looking for a reversal not more than 101.40 area (61% Fib retracenent). I believe this market has turned but let the market confirm this before placing any money