Sunny Coasting Along

Spot on, Anthony, the Targets and price's interaction with them is where it's at.

As soon as I get some charts that don't look like a dog's breakfast, I'll post some Target tracking on my thread.

Nice work Amundo. You go and do what you need to do. This will all click for you! I 100% believe that. The work you are putting in will ensure that. Unfortunately we just never know when that is going to happen..

I've never had the opportunity to trade the Asian session so this was a bit different for me.

I guess it was to be expected for price to start moving today after the 2 public holidays. It easily pushed through last week's low and even some lines from a fortnight ago.

I'll check back in around late London/early New York to see what is going on.

Hi,

Entered 3 trades in GJ

Rajnidas

Hi Sunny,

Morning and a nice early trade for you eh.

I have been sitting here quietly learning how George does it and you have been kind enough to share some of your work here so I wonder if I may post a chart of the GBPJPY x 15 min chart for today showing my lines as George has taught us.

I looked for a Uptown shopping for some downside pips and the last bar on the RHS of my Red Strike area gave me a previous Low (145.08 on 11-4-2019 @07:00 am on my 1Hr chart) and again according to my 15 min chart @ 10:45 am which was broken this morning.

Hope I got all the dates an numbers correct, please feel free to comment, :-)

Can't post my chart at the moment, not sure what the problem is, so just use the info as listed an see if it makes sense to you.

Now that the Frankfurt and London are open the upside move has just taken out my 10:00am High of today (145.335) so all in all a nice profitable day

Bi 4 now

Hi btrfx1

Great to hear you are having a profitable day. Of course you can post your charts.

However, I'm a super visual type of person so I'll wait patiently for you to post your chart.

Anthony

Hi Rajandaas.

There is a lot more action today on GBPJPY. Do you like to trade from levels?

All in all, a fairly busy day going from one side of the Public Holiday trading days to the other.



Thanks again George for the way you put down the info in the thread. I really had to go and do the work myself, (still am doing the work of course!!)

Hi Sunny,
Re my Post 85 from earlier today, which has gone on to take out much higher levels, maybe I can post another chart tomorrow, bed time here.

Should have removed the Orange MA before posting, but at my age I need a walking stick, also apologies to George for corrupting his teachings.

Goodnite.

No need to apologise here Btrfx1.

As I've said before I'm almost 99% certain that I don't trade anything like George. He is a Master Trader and I'm just a rank beginner. I understand where I'm at and I will continue to improve as I spend more time in front of my charts.

Cheers

Anthony

Hi Anthony,

My target was 144.981 based on the ADR readings . Confirmed by the low as marked on the chart below. And it was hit! I can't believe it.

MM was targeting the herd mentality level on the hourly chart. I got in too early. There was a bit of a draw- down but eventually everything worked out well.

Have a lot to more to study. Still on demo.

My performance for the day is attached.

Rajnidas

Hi,

Took 4 short trades on GJ

Target 144.616

Rajnidas

Hi Rajandaas.

Great to see you trading your way. I don't actually use the TMAs like that and I always trade from pre defined levels.

Can I suggest that you start your own journal and I'll come over an visit?

Cheers Anthony

Hi Anthony,

I am still learning George's methodology. I will be stealing the thunder from George if I started my own journal. Its out and out based on George's method.

I haven't read all his posts yet. THE POST ON TARGETS, TARGETS, TARGETS IS WHERE ITS AT. When I read that post something clicked. If you can understand that particular post and apply it to your charts then you should be on your way.

There's one thing you cannot get away from and that's screen-time. After you have done the heavy lifting you will reach a stage when you will understand why prices act the way they do at certain "zones" to quote George.

I have spent a lot of time learning. Japanese candlesticks, support and resistance levels, demand and supply zones, moving averages and a host of other things. I have used signal services. You name it I have tried it all over the last 20 years or so. Blown so many accounts.

I have subscribed to so many threads on Forex Factory. Most of them are indicator- based. They don't teach you price action nor how to trade. You become dependent just like a handicapped person.

FXCyborg's "Mastering the fakeout candle" was the closest I got to a good trading method. But it is not a day-trading method.

I don't claim to be qualified to advise but from the years I have been trading my one advice is stick with George's method. I bet my bottom dollar that you will never find a better system. That's because George is the only one who doesn't talk about all the other usual stuff that the "gurus" talk about.

I was always told that the forex market was controlled by the big banks ("the big boys"). That is what I believe led me astray. And with the introduction of ECN/STP brokers I thought that the market cannot now be rigged. How wrong I was.

And when George let it out that the forex market is rigged and controlled by the Market Maker(s) there was a paradigm shift in my approach to trading

My advice to you sir is don't waste your time looking or searching for the holy grail. JUST STICK TO GEORGE LIKE A LEECH. With his method you can never go wrong. I am prepared to bet my life on it.

Read and re-read all his posts.

Draw the tops and bottoms on the 1 hour chart and superimpose it on the 1 minute and 15 minute charts. See how price reacts when it reaches these levels.

Throw in the SMAs as suggested by George in post 61 on this thread. Read this post and understand it deeply. How the contradictions in the momentum among the 4 hour, 1 hour and 15 minute charts vis-a-vis the SMAs will point to a super trade setting up.

From my observations so far price seems to reverse between two (2) tops or two (2) bottoms or slightly above or below these as the case may be. These may be the pressure zones George talks about.

You may throw in the TMAs and see how they confirm price reversals.

Use the ADR indicator. I use it to set my targets. And it works. I used it to set my target in the GJ trade this morning. The range read 27.2 pips. So I took the high of the highest candle at reversal and deducted 27.2 pips and it gave me 144.616 as my target which was a bottom. (please revisit the chart that I posted above). And my target was hit.

Here is the link https://www.forexfactory.com/showthread.php?t=454321

And sir trading is a journey not a destination. As you keep going on that journey you will learn more and more. And when you reach the summit, which you will, you will know that you know how to trade like George. Don't ever be disheartened in the meantime.

Since I started using George's method I have not lost a trade. Maybe it is beginner's luck. I don't know.

My success frightens me! It is surreal. You get the feeling that you are never going to lose a trade. I don't know how many traders who consider themselves experts can say that.

I hope George does not disapprove of what I have written in this post.

Cheers.

Rajnidas

Hi,

Target hit on GJ.

Rajnidas

Hi Rajandaas,
,
Some nice trades there.....Keep up the good work....

However.....
I was following Sunnycoast's thread and you turn it into a "Rajandaas" thread.....

Why not start your own thread in the "trading journey" section?.....

Your own trading set ups, your own reasoning behind taking trades, your own screenshots....in short... your OWN thread?

Maybe something to think about....

Best regards
Andres

Hi Andres,

I am still new to this method - George's method.

I am just putting out there my interpretation of the system. I could be wrong in which case I may be misleading people here.

Best to go to George's thread and read all his posts. There are a lot of hidden gems that you will find hidden between the lines. Don't be distracted by other threads on FF

HE IS THE BEST

Cheers sir

Rajnidas

Hi Rajandaas,

I understand you....at least I try....

But......

Then why not start your own thread? ..... post your "trading journal"....

Sunny opened this thread for the same purpose.....

It's kind of a "personal" trading journal.....

Why not do the same.....your own thread, your own views, your own setups.....

Cheers
Andres

Hi Andres,

Thank you for the suggestion. But I couldn't do it. This is an extension of George's thread.

I am just trying to get some feedback from those who are applying George's method.

I have got miles to go before I would even think of starting my own trading journal, if at all.

I think you are hinting that I should not post my trades here.

So I shall stop here.

Cheers and good luck on your trading journey

Rajnidas

Here's a post to let myself know that it is not always sunshine and rainbows here in SunnyCoast land.

After firing off a fair amount of winning trades yesterday I got stuck in that strong move down in early NY trading.

I spaced my trades poorly and have since spent the last 12 hours learning deeply about hedging even more.

I intend to trade my way out of these trades but there is a hard stop hidden from my broker where I will get out.

For some mysteriously strange reason I'm actually comfortable with this type of trading overnight as it presents another massive opportunity to learn.