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Thread: MY TRADING DAY "COZARD007"

  1. #1
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    MY TRADING DAY "COZARD007"

    INTRODUCTION: Just as always, the roboforex forum keeps on surprising their member. This is a rare opportunity I had not seen anywhere else, this is creative, intriguing, and its even helping traders to develop their writing skills and compete among their counterpart all over the world. I must say that roboforex and its forum are the best any time any day!

    Personally, I started forex trading since 2004, it was a very faithful year in my life, because I am trading forex for living till now, it was never a regretful decision, but it was never a rosy journey at the same time. It took me a precious two years to complete my demo trading, and by 2006, I started the live trading account, and I continued with my learning and self development in order to get better trading system that can be giving me consistent earning.

    Also, the most challenging part was that; I did not get help, I had to do everything on my own, and I developed myself to the full function that I am today, this really made me a better trader and I am independent for that matter.

    MY TRADING STRATEGIES: In fairness, I have so many trading strategies, if I should count it, it is up to ten (if not more), but I only use two or three strategies per trade, and I do not misuse or use everything I know at once. Some of the strategies are; Fibonacci system, Trend-line system, VH indicator system, NonLagMA _v5 system, moving average indicator, Bollinger bands indicator, Wave theories, Price action, news trading, and many more. As you can see, I trade both technical and fundamental analysis, and I work more on the technical analysis for my best trading advantage. I also makes use of my stop loss, and this is the beauty of my trading. If i used a stop loss of 25 pips, my take profits would be at least 75 pips, this means that I am following a proper risk to reward ratio of nothing less than 1:3, and that is the beauty of my trading management. This depends on the trading strategy I use at any point in time as well.

    Attachment 13120

    MY TRADING ROUTINE: Since I had developed my trading system, I have a routine of trading, and it the same everyday, unless it is either technical or news trading option, that would make the difference.

    For Technical Trading: I make sure I wake up early to meet the European session, that is when my daily trading activities start. I firstly check for the daily calendar news for me not to be affected by it, and I notice when the news will be announced. After this, I check the chart for my trading system, and if I spot a intraday opportunity, I use 15-30 pips stop loss and 50-75 pips target. And when it is long term set up, I use my 50pips stop loss and 250 pips take profits, and could leave it for about 2 weeks for the target to be met.

    Attachment 13118

    Attachment 13121

    For News Trading: I do not trade the news directly because of the deceit of the news trading, I do my news with pending, I will make sure that I notice the time the news will come out. I will pend the both direction of the market like about 1 minute before the news, and I use stop loss of 15 pips on the both side.

    Attachment 13119

    CONCLUSION: Financial market trading is a great opportunity for me, that is what i do every business days, and I believe any trader that are optimistic about financial market trading should never relent. And with the right learning and self development, they would surely achieve their goal. Thank you once again Roboforex and its forum!

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    Last edited by cozard007; 12-14-2015 at 01:00 PM.

  2. #11
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    Quote Originally Posted by cutiekc View Post
    Reading from your post, you don't trade the news directly, as an experienced trader, what has been your experience when it comes to interest rate increasing, just as what might happen today in regards to US dollars?
    Hello sir, regarding your question, I believe that the US is overdue to increase their rate, and they are procrastinating till now. If they dare not increase the rate today, I know that it will weaken the USD for a awhile, because investors are looking for a rate hike. The USD strength in last month hold of the interest rate is as a result of the risk appetite dominating the market at that point in time. Even if they increase the rate, USD might still fall for a while before climbing back.

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    Last edited by cozard007; 12-17-2015 at 09:33 AM.

  3. #12
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    Just like my reply to cutiekc yesterday, the US interest rate was hiked, but it was in the same expectation as the market. And my prediction was very accurate, as the market moved against the USD for a while and started coming back in its full force. It was EURUSD that is pronounced in this regard. US interest rate hike was long overdue.
    eu.jpg

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  4. #13
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    With what I am seeing now, I do not regret not entering the market today. The market is still not recovered from the movement of yesterday after the FED fund rate announcement and statement. I do not like to sell deeps or buy tops, that is not really easy for my trading, and can cause a market reversal at any time. Although the market is still in sell structure presently, I have to take caution.
    today 2.jpg

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  5. #14
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    Well constructed topic, and part of the strategies you are working with are the ones i know to trade in the forex business. I do not trade the news as such as it is not giving me a better results when trading it. I believe you are getting what you need by experience, 2004 till now is not a small thing.

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  6. #15
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    Quote Originally Posted by silverlady View Post
    Well constructed topic, and part of the strategies you are working with are the ones i know to trade in the forex business. I do not trade the news as such as it is not giving me a better results when trading it. I believe you are getting what you need by experience, 2004 till now is not a small thing.
    Thanks so much pal! Its normal that strategies are the same in this market trading, that makes it a good strategy. And yes, that journey was long, but looks like yesterday now...lol

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  7. #16
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    As usual, this is Monday and i have to be careful not to be affected by the dull trading movement that could later be indecisive. This made me not to trade today; despite the fact that i saw a strong bullish trend on daily chart on EURUSD trading pair.
    eurusd 3.PNG

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    Last edited by cozard007; 12-24-2015 at 12:29 AM.

  8. #17
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    Yesterday trading was not a good one has EURUSD did not favour my view of long term bearish continuation as expected.
    eurusd.jpg

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    Last edited by cozard007; 12-24-2015 at 12:20 AM.

  9. #18
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    I am seeing green pips presently on my trade. Am kinda happy for my overall recovery till now...
    eurusd2.jpg

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    Last edited by cozard007; 12-24-2015 at 12:21 AM.

  10. #19
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    you should then add a picture and clearly explain your entry reason and how you gonna exits the trade

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  11. #20
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    Quote Originally Posted by Gamer View Post
    you should then add a picture and clearly explain your entry reason and how you gonna exits the trade
    Ok sir, I have the intention to do that, I posted that to update it later. Thank you!

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