Hello folks
Im here to get better at what I do (trading) and share my knowledge & experience while learning from more experienced traders.
Thread is all about PRICE ACTION & TRADE IDEAS . We as traders should be able to identify/spot valid
(1) Clear market structure ~ (i) BOS/Valid Trend, S&R zones (ii) Chart patterns & (2) Candlestick patterns that will result in high probability setups and high success rate with low-medium risk. As for me I try to become proficient in identifying various chart (successful/failed) pattern scenarios and trade them as well.
Technical (multi-timeframe) Analysis on all major, minor & exotic forex currency pairs & currency indexes. As focusing on a few pairs would be ideal and traders would stand a chance. May leave this for every individual to decide and focus on his/her favorite pair(s).
As such thread can start off on a good note but with time tend to lose focus on why it was created. So set rules have to be put in place and traders should conform to these rules.
RULES
* No trolling/No hate/No mockery/No sarcastic or offensive comments. No monkeying around. Stay professional.
* If you dislike a post, share your reason(s) why you did and if you've got some better Trade ideas instead.
* Ask questions if you need clarity on forex related issues.. nice people will be willing to assist.
* No posts such as e.g. "GBPUSD price will hit 1.2300, EURUSD will hit TP 1.04, or i'm long on USDCAD" without clear facts/chart analysis. as thread should be interactive and traders get to understand your opinion on related pair.
* No bombarding charts with indicators. Kindly keep your charts simple, clear & concise (K.I.S) Line charts are cool.
* No weekly or monthly projections/speculations. No charting Timeframe and market projections above D1.as thread will focus more on Short-term (Intra day/Scalps) & helps the trader "narrow" his/her focus to the MOMENT. Multi-timeframe analysis is a boost but no higher TF beyond D1.
* You can show results if you so wish "ONLY" after analysis, entry, price may have hit your TP/SL or closed manually. It gives room for more learning and improvement.
*You do not need to write an essay on a post but try to let your charts do the talking.
You may support your bias with the following indicators/tools or in combination as they could also confirm confluence points;
**PIVOT
**Moving average(s)
**Fibonacci Retracement/Expansion
**VWAP
**Bands
+RSI
+ATR
+Volume
No trading system is even 70% effective but Price Action would stand the test over time and over different market conditions/environments. There are over 200 chart patterns (https://pin.it/4JppWuA + google) and some chart patterns occur more often than others. Some indicate reversals while some trend continuation and in some cases both. Some have high success rate of reversals while some have more successful outcomes than others and with time you will know them. One good thing about chart patterns is that they tend to have Price Objectives.
There are the successful chart patterns scenarios and failed chart patterns scenarios. So whatever the market throws at us traders we can take advantage of any such scenario and make the best out of it while applying good Risk/Money Management. This in-turn gives a trader that edge likewise addressing one huge obstacle we traders face in the trading world, "cognitive dissonance".
The essence of this thread is to allow for each individual to focus on what he or she does/ knows best as regards to Price Action trading and share (trade ideas) with thread members.
Remember it is not about how long you have traded but how well.. Also note that you are not competing with anyone but yourself and ensure you are improving day after day because I am. Let's steal pips from the market while we can as trading is all about probabilities & improved decision-making .
Traders "alike" and even better should feel free to join and share their vast wealth of experience and knowledge.
Welcome!
BRING ON THE CHARTS & LET'S KEEP LEARNING!!
___________________________________________________________________________________________________________________________________
Im here to get better at what I do (trading) and share my knowledge & experience while learning from more experienced traders.
Thread is all about PRICE ACTION & TRADE IDEAS . We as traders should be able to identify/spot valid
(1) Clear market structure ~ (i) BOS/Valid Trend, S&R zones (ii) Chart patterns & (2) Candlestick patterns that will result in high probability setups and high success rate with low-medium risk. As for me I try to become proficient in identifying various chart (successful/failed) pattern scenarios and trade them as well.
Technical (multi-timeframe) Analysis on all major, minor & exotic forex currency pairs & currency indexes. As focusing on a few pairs would be ideal and traders would stand a chance. May leave this for every individual to decide and focus on his/her favorite pair(s).
As such thread can start off on a good note but with time tend to lose focus on why it was created. So set rules have to be put in place and traders should conform to these rules.
RULES
* No trolling/No hate/No mockery/No sarcastic or offensive comments. No monkeying around. Stay professional.
* If you dislike a post, share your reason(s) why you did and if you've got some better Trade ideas instead.
* Ask questions if you need clarity on forex related issues.. nice people will be willing to assist.
* No posts such as e.g. "GBPUSD price will hit 1.2300, EURUSD will hit TP 1.04, or i'm long on USDCAD" without clear facts/chart analysis. as thread should be interactive and traders get to understand your opinion on related pair.
* No bombarding charts with indicators. Kindly keep your charts simple, clear & concise (K.I.S) Line charts are cool.
* No weekly or monthly projections/speculations. No charting Timeframe and market projections above D1.as thread will focus more on Short-term (Intra day/Scalps) & helps the trader "narrow" his/her focus to the MOMENT. Multi-timeframe analysis is a boost but no higher TF beyond D1.
* You can show results if you so wish "ONLY" after analysis, entry, price may have hit your TP/SL or closed manually. It gives room for more learning and improvement.
*You do not need to write an essay on a post but try to let your charts do the talking.
You may support your bias with the following indicators/tools or in combination as they could also confirm confluence points;
**PIVOT
**Moving average(s)
**Fibonacci Retracement/Expansion
**VWAP
**Bands
+RSI
+ATR
+Volume
No trading system is even 70% effective but Price Action would stand the test over time and over different market conditions/environments. There are over 200 chart patterns (https://pin.it/4JppWuA + google) and some chart patterns occur more often than others. Some indicate reversals while some trend continuation and in some cases both. Some have high success rate of reversals while some have more successful outcomes than others and with time you will know them. One good thing about chart patterns is that they tend to have Price Objectives.
There are the successful chart patterns scenarios and failed chart patterns scenarios. So whatever the market throws at us traders we can take advantage of any such scenario and make the best out of it while applying good Risk/Money Management. This in-turn gives a trader that edge likewise addressing one huge obstacle we traders face in the trading world, "cognitive dissonance".
The essence of this thread is to allow for each individual to focus on what he or she does/ knows best as regards to Price Action trading and share (trade ideas) with thread members.
Remember it is not about how long you have traded but how well.. Also note that you are not competing with anyone but yourself and ensure you are improving day after day because I am. Let's steal pips from the market while we can as trading is all about probabilities & improved decision-making .
Traders "alike" and even better should feel free to join and share their vast wealth of experience and knowledge.
Welcome!
BRING ON THE CHARTS & LET'S KEEP LEARNING!!
___________________________________________________________________________________________________________________________________
Attached Image(s) (click to enlarge)
Grit; Knowledge; Positive Mindset, All you need to overcome. KIS!
