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Trading with PA and confluences

  • #41
  • Mar 27, 2019 9:07am Mar 27, 2019 9:07am
Quoting VictorFaria
{quote} N/C First target Banked, Now left the remaining positions to my Long term target on Risk Free. {image}
Well done!

Remember this?

Quoting mraam
NC looking interesting too, i like the weekly pin bar formation along the TL & the current IB. There is some pips here... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcadh4_27032019_FF.png Size: 20 KB


MR
Silence your Ego & Your Power will Rise
  • #42
  • Mar 27, 2019 9:19am Mar 27, 2019 9:19am
Quoting mraam
{quote} Well done! Remember this? {quote} {image} MR
Nice Trade My friend, Congratulations!
  • #43
  • Mar 28, 2019 11:14am Mar 28, 2019 11:14am
no post today?
  • #44
  • Mar 29, 2019 9:08am Mar 29, 2019 9:08am
ok I will follow the 8 rules that you have shared in the forum.
  • #45
  • Mar 29, 2019 10:48am Mar 29, 2019 10:48am
A couple of trades taken yesterday & today.

GCHF is a pair i (almost) never trade, infact CHF charts are not in my radar, however i came across a nice pin after the a strong break on the TL and caught the opportunity.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfdaily_29032018_FF.png Size: 27 KB


GCAD is a kind of trade i like, its a simple break of the pin with a sell stop, your risk is above the pins. These are the kinds of trades that I look for, low risk and good reward, i wont say great or fantastic reward as im happy with an RR of 1:3 or 1:5, the idea is to preserve your ammunition for good targets!

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcaddaily_28032019_FF.png Size: 18 KB


Cheers, till next week.

@Victor - see what i mean about GBP, im bearish till its over & sorted out.

MR
Silence your Ego & Your Power will Rise
  • #46
  • Edited 11:27am Mar 29, 2019 11:14am | Edited 11:27am
Quoting mraam
A couple of trades taken yesterday & today. GCHF is a pair i (almost) never trade, infact CHF charts are not in my radar, however i came across a nice pin after the a strong break on the TL and caught the opportunity. {image} GCAD is a kind of trade i like, its a simple break of the pin with a sell stop, your risk is above the pins. These are the kinds of trades that I look for, low risk and good reward, i wont say great or fantastic reward as im happy with an RR of 1:3 or 1:5, the idea is to preserve your ammunition for good targets! {image} Cheers,...
Nice Trades My friend!
Unfortunately, didn't catch these nice opportunities, i made a lot of Bank in the beginning of the week on NZD Pairs, so i take my week off to relax and clear my head
High Probability of G/C Falls very very deep on the next weeks.
Will be looking for possible setups on Pound next week, let's see.

Have a nice weekend.
Best regards,
Victor
  • #47
  • Mar 30, 2019 9:21am Mar 30, 2019 9:21am
this thread as a newbie forum to share knowledge. thank you
  • #48
  • Mar 31, 2019 6:55am Mar 31, 2019 6:55am
Quoting antonblood63
this thread as a newbie forum to share knowledge. thank you
Hi Anton welcome,

This is not a newbie thred, but you can learn a lot from the way we trade.

Post your charts and your trades.

& Remember the simple rules on pg1.

Cheers
MR
Silence your Ego & Your Power will Rise
  • #49
  • Apr 1, 2019 4:46pm Apr 1, 2019 4:46pm
Hello Guys,
Just watching Closely C/J, got out on my Longs with nice profit and now Looking to Short this Pair.
Attached Image (click to enlarge)
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  • #50
  • Apr 1, 2019 4:48pm Apr 1, 2019 4:48pm
Watching CAD/CHF To Short again, let's see how this Pair will behave.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
  • #51
  • Apr 1, 2019 5:46pm Apr 1, 2019 5:46pm
Looking at a long trade here on NZDCAD rising TrendLine on Daily if we get a nice bullish candle
Attached Image (click to enlarge)
Click to Enlarge Name: NZCAD.PNG Size: 51 KB
  • #52
  • Edited 6:54pm Apr 1, 2019 6:41pm | Edited 6:54pm
watching gold also for Long trade Daily
Attached Image (click to enlarge)
Click to Enlarge Name: gold.PNG Size: 32 KB
  • #53
  • Apr 2, 2019 4:30am Apr 2, 2019 4:30am
Quoting Zakattack
Looking at a long trade here on NZDCAD rising TrendLine on Daily if we get a nice bullish candle {image}
NC could work, nice support area too. But watch if theres a good movement first - Supports can be broken.

Quoting Zakattack
watching gold also for Long trade Daily {image}
Again, this is a good zone, but can break lower too.

Cheers & Welcome.
Silence your Ego & Your Power will Rise
  • #54
  • Apr 2, 2019 5:59am Apr 2, 2019 5:59am
Little Idea on U/C Potential Setup, Let's see how it will develop.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
  • #55
  • Apr 2, 2019 6:13am Apr 2, 2019 6:13am
Quoting mraam
{quote} NC could work, nice support area too. But watch if theres a good movement first - Supports can be broken. {quote} Again, this is a good zone, but can break lower too. Cheers & Welcome.

NC I am waiting for a bullish candle to form first. On Gold I am only entering very small positions on the touch of the zone and will add more if I get confirmation candle. Thanks for the feedback
  • #56
  • Apr 2, 2019 6:16am Apr 2, 2019 6:16am
Quoting VictorFaria
Little Idea on U/C Potential Setup, Let's see how it will develop. {image}
This is an area I was watchign too.

I have a question for you regarding Stop Loss. I know this is not a " Trading System" but I am curious. Where do you place your stop loss for these trades and just take the loss if the trade doesn't go your way?

Do you just place below that support zone, or do you use a set amount of pips? Please elaborate if you don't mind and many thanks in advance!
  • #57
  • Apr 2, 2019 6:28am Apr 2, 2019 6:28am
Quoting Zakattack
{quote} This is an area I was watching too. I have a question for you regarding Stop Loss. I know this is not a " Trading System" but I am curious. Where do you place your stop loss for these trades and just take the loss if the trade doesn't go your way? Do you just place below that support zone, or do you use a set amount of pips? Please elaborate if you don't mind and many thanks in advance!
Hello Zakattack,
Welcome to the Thread, thanks for your ideas.
Oh no, i don't use a fixed amount of pips, it would cause many lost trades in pairs that move faster like the Pound for example.
I like to put the Stop according to the market structure formation, so almost all trades the stops is different, maybe similar but very hard to be the same and in some place that i know that will coast a lot of money to the MM's even try to take me out.
But we need to have always in mind, anything can happen, so we need to trade with patience, caution and thinking about that.
i hope it helps you.

Best regards,
Victor
  • #58
  • Apr 2, 2019 6:36am Apr 2, 2019 6:36am
Quoting mraam
I like this chart, {image} Look at weekly - multiple IB's are forming within a pin bar. CHeers MR
Quoting mraam
NC looking interesting too, i like the weekly pin bar formation along the TL & the current IB. There is some pips here... {image}
Two potential setups we discussed sometime ago, my reentries.

EC - entry below the strong support zone, the size of the zone/candle break (usually, not always) shows a very bearish momentum. Entry @ retest around the TL or the broken zone.

Attached Image (click to enlarge)
Click to Enlarge Name: eurcadh4_02042018_FF.png Size: 33 KB


NC - The kind of entries i look for, strong bearish daily followed by nice pins along the TL, your risk is above the TL. Very good RR here.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdcaddaily_02042019_FF.png Size: 30 KB
Silence your Ego & Your Power will Rise
  • #59
  • Apr 2, 2019 7:40am Apr 2, 2019 7:40am
Quoting mraam
{quote} {quote} Two potential setups we discussed sometime ago, my reentries. EC - entry below the strong support zone, the size of the zone/candle break (usually, not always) shows a very bearish momentum. Entry @ retest around the TL or the broken zone. {image} NC - The kind of entries i look for, strong bearish daily followed by nice pins along the TL, your risk is above the TL. Very good RR here. {image}
I see you are taking the opposite trade on NC that is why the candle was bearish on the TL lol
  • #60
  • Apr 2, 2019 9:19am Apr 2, 2019 9:19am
Hello Traders,
Another Very high Probability Potential Setup on E/N.
Attached Image (click to enlarge)
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