Well, the ‘Trading while sleeping’ strategy continues to be profitable 🙂 . Just kidding, nothing fancy. Just put in my trade, set the stop, and off to bed. Exit the trade at the close of U.S session , which is then morning in Melbourne Australia (that concludes a trading day). Basically , the idea is to reduce the time starring on trading screen and subsequently reduce most of the psychological problems of trading.

I made 2 trades on Friday. I long NZD/USD and EUR/USD. I missed AUD/USD entry. Kiwi and Euro were both forming a nice ascending triangle (well, I like this type of chart setup). I went long at the break of resistance level. End the day with Kiwi ,+29 pips, Euro, + 47 pips.

Here is the…………..CHART!

Kiwi

[photopress:NZDUSD1hour26Oct2007.JPG,full,alignleft]

Euro

[photopress:EURUSD1hour26Oct2007.JPG,full,alignleft]

On the side note, one of my brokers continues to surprise me with its spread widening game (You know which one I am talking about! 😀 ). I was planning to close my trades before closing bell of U.S market. However, around an hour before closing bell, I was surprised to see spreads of all currency pairs on my screen were widened, and Euro and Kiwi all having 10 pips spread. WTF. I lost a couple of pips profit because of this. :-p

Here is the ……WIDENED SPREAD.

[photopress:widenspread10pips.JPG,full,center]

Have a nice weekend, traders!

https://tradergav.com/fridays-currency-day-trade/

Another ‘ Trading while sleeping’ trade. I entered a Long position of AUD/USD around an hour before U.S session started, set the stop, and left it. I closed the position at the close of U.S session. I have increased my position size. End the day with around 41 pips or +0.89 R.

OK, here is the ……CHART!

[photopress:AUDUSD1hour_25Oct2007.JPG,full,alignleft]

https://tradergav.com/thursdays-currency-day-trade/

Not so exciting. I Long AUD/USD , set the stop, went to sleep, and exit the trade at close of U.S market (which is 7am Melbourne, Australia). End the day with +16 pips, which is tiny +0.14 R.

At the same time, I am testing a new strategy in demo account, and hopefully the result is good enough to go live in the coming week.

ok, here is the …….CHART!

[photopress:AUDUSD1hour_24Oct2007.JPG,full,alignleft]

So I timed my Long entry poorly. I exited the position with 1 R loss.  Basically, recent uptrend line is broken.  Wrong now, wait for next entry.

Here is the ……CHART!

[photopress:audusd_daily22oct2007.gif,full,alignleft]

I did not put a single day trade this week. I watched the market, and nothing is really interesting so far. And there is a huge change in my day job. Chaos and disappointments. But life still moves on.

While I am figuring out what is my next step, I still continue trading. So far, we see USD is gaining strength throughout the week. But, I am still bullish about Aussie dollar.
I have just established a Long position of Aussie dollar (AUD/USD). Not day trading though. This trade should last for few days if not weeks.

Here is the…..CHART!

[photopress:audusd_daily19oct2007.gif,full,alignleft]