Been a long time since I posted on this thread. News from my end is that I am now a proud father of a beautiful 7 month old daughter... well thats my excuse for not posting here and I am sticking with it.... anyway, I have been trading consistently ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Congratulations that your trades are doing well, thats a great start. Regarding your question with risk:reward ratio(RRR), keep in mind that when you aim for higher RRR using the same method, your Win probability may decrease. What can happen to ...

My road to FX

I am glad I was right on this trade and I got out of trade with 1R profit. Had I just continued staying within the trade, not only would i loose the profit but actually have a loss of 1R. I dont like making changes to my trade plan just based on 1 ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Hi Again NBA, My previous trade on GBPUSD below is a perfect example of trading pinbar at the confluence of pullback and S/R region. Since you like explanations in charts, I have gone back and put some notes on the chart, hope it makes sense. ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

My Friend... the answer is a big NO. There was no pinbar, so no trade.... simple! I would have taken a trade only in the conditions I explained above in your chart. By now, the price has gone too far from the "pullback" so keep waiting patiently ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Hi NBA, Have a look at the explanation in the chart. Everyone else, Please note that this IS NOT a trade I would have taken, It is just a learning exercise to discuss which is a good area where if a pinbar was present, it would have been a good ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Hi NBA, Yes I think you are close to it My reason is simply the fact that there has been a pullback on gbp where as no pull back on the other. Waiting for a pullback increases your chances of having a winning trade. and yes, a pinbar is only ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

This has been one of the most frustrating trades I have taken. I missed my Target profit on this trade by.................. wait for it....................by 1 pip. I still cant believe that price actually reached my TP but didnt go far enough to ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Thanks Pipdealer

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Hi NBA, I would not trade that candle for reasons similar to something i mentioned earlier. If I were trading Weeklys I would rather trade GBPUSD. image image Looking at the charts above, can you spot the difference between the two. Your mission ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Thanks buddy... will do.

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Wish you lots of discipline and analytical skills. Once you have these, Luck will come chasing you.

My road to FX

EURUSD weekly pinbar — As per my trading rules, once I get into the trade I dont make any adjustments to my trade (move SL or TP). One of the logics behind this rule is that once you are in the trade, fear and greed affect your analysis as a ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Nice one Jazzman.....

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Congrats on your win for the usdcad mate... Just use caution mate. While I do think that USDCAD is going south and the weekly pinbar shows that, I would not trade that pin as it is not on a "swing high" or in a major S/R region.

Compounding my Wealth using Simple Price Action Trading on Daily Charts

Thanks mate, Got lucky this time with the entry As you would know I focus much more on SL, TP and Reward:Risk.

Compounding my Wealth using Simple Price Action Trading on Daily Charts

yes saplay.... I am short EURO.... this is my trade I posted earlier today... put in a pending order: Entry: 1.4191 SL: 1.4286 TP: 1.4014 You may or may not be able to get in at that price now, but the point is i m bearish euro in the very short ...

Trades based on Market Geometry and Price Action

going short on EURUSD — put in a pending order: Entry: 1.4191 SL: 1.4286 TP: 1.4014 image Brief explanation of my trade is in the picture below image

Compounding my Wealth using Simple Price Action Trading on Daily Charts

NBAFX, Looks like your trade is well into profit... good luck and best wishes...

Compounding my Wealth using Simple Price Action Trading on Daily Charts

USDCAD trade short... — Ah! well after all that, my stoploss got taken out today, so this one was a loser... you win some you lose some.... While I dont want to overanalyze and go about making any trading plan just based on 1 trade, I do need ...

Compounding my Wealth using Simple Price Action Trading on Daily Charts