(binned per thread starter’s request) My Kingdom of Trading

GOod to listen on Sunday evening .... even for a Monday morning

https://www.youtube.com/watch?v=oQdwukLtauE

https://www.youtube.com/watch?v=Xf1S9U2ghrI

Flat Monday

1.165x?

boom-shaka-laka

waiting for some liquidity later from GBp....for now im flat

Pound Dollar and Swissy...

Free rides.

Oh boy....WEEKEND again!

YUPIIII

This never gets old, and works with a brandy and cigar right?

https://www.youtube.com/watch?v=v2AC41dglnM

Ok, time to answer the question that was several times asked on PM regarding my trading style.

For some that might take a while to realize the simplicity of this system....and most of the people would try to complicate it, either trying to add some to it or to subtract some from it.

Myself, I'm not saying that this is the holy grail but its something that works for me. And it's also simple. I like simple things.

So, let's see.

This is a scalping method, so, don't expect hundreds of pips from these trades. 5-20-40 pips at most. Stops are accordingly with the setup you are trading.

Money management is up to anyone to consider, I recommend to risk <0.5% per trade. There would be LOTS of opportunities in the market during the day.
Especially if you follow up to 6 pairs like I do. I'm sure many would laugh about that, but i know guys making real money trading only 0.2 lots on 100k account..so....its up to you.

Also, pay attention to the time of day when you enter those trades, you wanna be sure you have volatility (London open and NY open)

To determine trend and entry: on M1 timeframe i have EMA60 (pink) EMA240 (maroon) & EMA1440 (blue). Most important are 1440 & 240. 60 is just to see quick when the price is pulling back after a breakout.

-> price above 1440 and 240 => trend up, looking to buy ONLY: either when price return to EMA 240 or a major fib level
-> price between 1440 & 240, but 1440 pointing up => looking to buy only when price reach 1440 or a major fib (50% 62% or 70%) from the previous swing (low to high)


-> price below 1440 and 240 => trend down, looking to sell ONLY: either when price return to EMA 240 or a major fib level
-> price between 1440 & 240, but 1440 pointing down => looking to sell only when price reach 1440 or a major fib (50% 62% or 70%) from the previous swing (high to low)

If 1440 is flat, avoid trading. Wait until the trend (1440) will develop.

You need to follow those who make the market, so be smart

I trade counter trades also, but don't wanna explain it as its based on feeling and can overcomplicate this. Money can be made waiting with discipline on (micro-mini) trends.

My preferred setup to trade is to enter after a breakout of a previous high/low was made: I wait for the price to come back toward EMA 240 or 1440 (or a fib level higher than 50) then I enter.

Stops are either above the swing high/low, myself I prefer to add few times (averaging down) before deciding to take a loss.

I highly recommend taking losses as that will give you the feeling of a real entrepreneur where losses are part of the costs of the business.

Have fun!

This is a counter trade (last one) on GBP

Today

1 counter one classic

EJ (with trend) and GJ (counter)

There are no secrets to success.

It is the result of preparation, hard work, and learning from failure.

Good weekend to you all !!

Timing and execution

i carry on with my own journal here... maybe someone one day will thank me for that

I like what i see, but i wonder why do you open counter trend? What is the point of doing that?

You can just open exactly the same trades when the trend you are chasing starts. Without the DD, you know...

I got you! and you're right.....partially.

The counter trades you see are based on H1/H4 setups: this is an obvious counter trade on M1 but a nice H1 trend trade.

Hope that helps.

When you miss a flight...

https://www.redbull.tv/video/AP-1TT2QFUHS2111/a-door-in-the-sky

https://www.youtube.com/watch?v=YL9sNrOlK-I

UCAD +80 pips on average