DislikedGBPUSD TRADE - 20171229 #1 - Analysis 1) BOSS {image} a. 20EMA above 50EMA 2)WORKER {image} a. 20EMA above 50EMA b. BUEB #2 - PLAN a. Pend buy stop above higher BUEB b. Risk=1% c. [email protected], [email protected], RR=1:1Ignored
EURAUD Trade - 20180106
1. Weekly
what Weekly Chart telling us?
(i) Swing High was confirmed, so it was top at that point.
(ii) BEEB (also closed below MA), the IMMEDIATE TREND was down trend.
2. Daily
It was more foolish to have a buy enter. not UNDERSTAND the PA-SR-TREND.
3. Plan
(i) Pend Sell Stop order @1.5280 below the low of the candle 2018.1.5
(ii) [email protected], [email protected], R:R=1:1
(iii) Risk=1%
1. Weekly
what Weekly Chart telling us?
(i) Swing High was confirmed, so it was top at that point.
(ii) BEEB (also closed below MA), the IMMEDIATE TREND was down trend.
2. Daily
It was more foolish to have a buy enter. not UNDERSTAND the PA-SR-TREND.
3. Plan
(i) Pend Sell Stop order @1.5280 below the low of the candle 2018.1.5
(ii) [email protected], [email protected], R:R=1:1
(iii) Risk=1%
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- #27
- Edited Jan 6, 2018 2:13am Jan 5, 2018 8:47pm | Edited Jan 6, 2018 2:13am
- Joined Aug 2015 | Status: Trader | 483 Posts
AUDNZD Trade - 20180106
1. Weekly Chart
what the weekly chart is telling us?
(i) Swing High @1.1290, Swing Low @1.0860.
(ii) the IMMEDIATE TREND is down trend.
(iii) BEOB last week candle, it looks like will re-test the Swing Low?
2. Daily Chart
because the last 2nd week candle is BEEB, so I entry buy order. but the price didn't move up more.
the next week I will exit the buy order and look for opportunity to short.
1. Weekly Chart
what the weekly chart is telling us?
(i) Swing High @1.1290, Swing Low @1.0860.
(ii) the IMMEDIATE TREND is down trend.
(iii) BEOB last week candle, it looks like will re-test the Swing Low?
2. Daily Chart
because the last 2nd week candle is BEEB, so I entry buy order. but the price didn't move up more.
the next week I will exit the buy order and look for opportunity to short.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
WHEN you can read price action like a book the S/R levels jump out at you just like the price bars do.... #Post 733
Price Action bars difine the S/R levels.
1.Take your price action bar.
2.Look for other P.A bars around "your bar"
3.Pop in lines at the previous P.A. bars around "your bars".
4.Cross check the boss and monthly P.A and its S/R
5.Find the stalling pionts from the previous P.A bars and their S/R
6.Get your management process sorted in your head
7.Allocate risk in accordance with your yeild curve
8.Lock and load
If you cant read Price action down screens and do nothing else but learn how to.It takes as long as it take.
I am convinced 100% no price action understanding no S/R understanding.and so and so and so.....g
Price Action bars difine the S/R levels.
1.Take your price action bar.
2.Look for other P.A bars around "your bar"
3.Pop in lines at the previous P.A. bars around "your bars".
4.Cross check the boss and monthly P.A and its S/R
5.Find the stalling pionts from the previous P.A bars and their S/R
6.Get your management process sorted in your head
7.Allocate risk in accordance with your yeild curve
8.Lock and load
If you cant read Price action down screens and do nothing else but learn how to.It takes as long as it take.
I am convinced 100% no price action understanding no S/R understanding.and so and so and so.....g
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- #33
- Edited 10:33pm Jan 13, 2018 10:09pm | Edited 10:33pm
- Joined Aug 2015 | Status: Trader | 483 Posts
GBPCAD - 20180114
1. Weekly
What is weekly chart telling us?
(i) BUEB, trend is changed.
2. Daily
because last week candle is down, so I amnot entry @1.7000
3. Plan
the next week I will look for opportunity to BUY when the price RE-TEST 1.7000.
1. Weekly
What is weekly chart telling us?
(i) BUEB, trend is changed.
2. Daily
because last week candle is down, so I amnot entry @1.7000
3. Plan
the next week I will look for opportunity to BUY when the price RE-TEST 1.7000.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
EURAUD Trade - 20180106 1. Weekly {image} what Weekly Chart telling us? (i) Swing High was confirmed, so it was top at that point. (ii) BEEB (also closed below MA), the IMMEDIATE TREND was down trend. 2. Daily {image} It was more foolish to have a buy enter. not UNDERSTAND the PA-SR-TREND. 3. Plan (i) Pend Sell Stop order @1.5280 below the low of the candle 2018.1.5 (ii) [email protected], [email protected], R:R=1:1 (iii) Risk=1%
EURCAD Trade - 20180106
1- Weekly
2- Daily
3- Learn from my MISTAKE
(i) Stick to the PLAN, and you will overcome the FEAR.
(ii) ALWAYS check the SL.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
