KosmoFX trading

Hello traders,

It has been very long time i have spend any time in a forum. Frankly because there's too much noise and therefore following a forum is more counterproductive rather than helpful. When you step back you will realize that everyone is chasing so called Holy Grail but let me tell you that there isn't one. Trading is a skill and it has to be developed same as any other skill. Trading is more easier than it might seem but the problem with most traders is that they want to succeed now. You should consider trading as your long term investment into retirement rather than just a quick profit. The lower timeframe you use the more noise you have to deal with and the more you get affected by daily news releases. When it comes to trading you need to learn to be patient and set yourself a long term goal.

My trading style is based on higher timeframes with technical analysis and market structure. Simple yet very powerful.

I will post my trade ideas here but feel free to add your own too.

Keep it simple and be patient.

Here is my CHFJPY trade which worked out to the point.
Price reached weekly trendline and bounced off of it and very quickly reached weekly resistance. The only down side to this trade was low reward/risk ratio otherwise very nice trade.

Currently still open GBPCAD short trade with +180 pips and stop loss moved to profit area.

Another great trade setup was USDJPY (+40 pips so far) which has bounced off of weekly trendline and most likely gonna retest the weekly resistance.

EURCAD trade (+50 pips ATM) following weekly downtrend structure.

Looks pretty solid! Could you post your analysis method how you find your sup and res zones, your entry criteria basically how you go about breaking down the chart and entering a trade using your method. Also what indicators are used and how you use them in finding an entry. Thanks!

Hi Akolva1

My trading style is based on weekly market structure with lower timeframe entries. The indicators that i use are Heiken Ashi, 30 EMA and Stochastic.
I use the indicators just as a filter but they are secondary in my trading. Most important are major zones where the price will most likely bounce off of. The higher the timeframe the stronger the zones are. I will post some pictures how i trade.

Sounds good!

Hello traders,

I will try to explain very simply the way i trade and if you don't understand just leave a comment.

Most important thing in my trading is market structure and major support/resistance zone.

Uptrend structure:
Higher highs and higher lows

Downtrend structure:
Lower lows and lower highs

You can see it on the picture below.



This is what you can see on any timeframe but the important thing is to start on higher timeframe and scale down.
I use weekly market structure with major zones and then finding my entries on 4H or 1D timeframe. This way you
can predict the next move. If price makes higher low on weekly then the next move is most likely higher high or at
least a retest of previous highs.



I will keep posting my trades where i will explain the reason and show you how the market structure works.

Here is a live example of my GBPCAD trade which is at +250 pips in profit at the moment.

First weekly analysis. You need to read the structure firs. Is the weekly in uptrend or downtrend? Is the price at major zone?
In the picture below you can see that the price broke uptrend structure and then came back to the strong resistance. This is
where you have to go to lower TF to see if the price is respecting it or not.



On the daily TF you can see nice full bodied red candle bouncing off of the resistance and the entry would be right after the
candle close.



On 4H TF you can see multiple entries. Once you know where the main trend is going then all you have to do is to follow it.
With the weekly TF you will get the big picture then trade it on lower TFs. Like this you will also have your targets.
The target should be from weekly major zone to next one.



Have a good one.

Thanks for your detailed analysis! I understand fully. I guess I need to work on finding weekly levels of sup and res. Hugely informative, keep em coming!!

You're more than welcome.

Remember that big guys will most likely respect weekly zones rather the ones on 1H or 15min TF.
Thing long term rather short term. Once you make big money you don't want to be stuck watching
charts all day long. Free yourself.

Could you explain how you find your weekly sup and res levels? Reasons why and how you choose them. Thanks!

i use the concept of trendline breaks too!!!

Breakouts are very powerful tools and with combination of market structure even more.

Good luck.

Of course i will no problem. Just give me some time.

GBPCAD +340 pips, EURCAD +200 pips and GBPUSD +180 pips.

This week was very good for trading with lots of pips. GBP was the loser of the week and CAD one of the strongest.
Trading doesn't have to be complicated. Follow the basics that most of the traders overlook because they think that
there must be some Holy Grail with based with indicators. Keep studying and not only the market and strategies but
also read some books how to manage your money, your emotions etc. My favorite book is Secrets of the millionaire
mind or Robert Kiyosaki, Anthony Robbins etc.





Have a great weekend.