Learn&Earn

thanks for your nice post , using knowledge in a proper way is a great skill , for this first of all it is more appropriate to practice in a demo for a long time with great patience.

You are welcome, mate. That's true - Demo is very important. You should have full confidence in what you do.

But Demo is not everyting you need to get right practice. Right Psyhology and Discipline you can get only trading Real account. When you trade for real money you are much more addicted to make mistakes, when something is going wrong and you become scared of losing money. So it's very important to have right balance.

One of the main enemies of trader is Fear and you can't feel it on Demo. So that's what we try to change first of all, you should have no fear when you trade on Forex.

no way to avoid the importance of demo trading , bu the main problem is , the experience we took from demo practically not works when trading in a live account. so, traders don't believe the importance of this trading place.

Not the best moday, guys. Still no trades on London Open on M15, most of pairs are ranging. Let's wait and see what happens on NY session.

For those who want to join our trading course - you are still welcome! Let's Learn&Earn together!

That's how the price moves.

We've got a signal on Gold on NY session on M5. On M15 it looks much clearer, but CCI confirmed it not fully. When we have such slow days it's ok to switch to M5 to looks what happen there. But only if you know the behaviour of your pair very well!

Note, that we didn't enter on the first cross. Timing! We don't enter 15-30 minutes before new session starts. So we had to wait what NY Open brings us. And it gave us good signal after retest of the broken level.

What we have on Gold today?

We see the Level which was set on Monday and Tuesday. During Asian session price broked it and now we had a retest of it with London Open. What's going to happen next? Let's see!

P.S. Did you note a clear Divergence here?

So what we have on Gold now?

That's right - our analysis was absolutely right. Price broke up the high after retesting 3-days Level. Now we have another retest. Waiting for continuation? Let's see!

Another one entry for today.

EUR/AUD was ranging recently. That's why i took this trade with small risk. Please note the wicks on both sides of candles. That means undecided direction, price was struggling. With low volatility that made this trade a little bit risky.

I have marked the candle on which i entered. Seems like CCI haven't confirmed the entry, but the candle was pulling back, so at the moment of entry there was a cross. My SL was tight and i took this trade with small risks, so no stress for me. Finally after small retracement price moved up, finally broke the level and gave us very nice smooth move with a good momentum. Target is hit, profit is earned.

Hi, I'm new here. Thanks Whatever for sharing Your knowledge. My expirence is not a big and I like this thread because it's simple. What do You think about this example? I am not sure where I should have a sl....

Hey mate, nice to see you on the thread! We try to keep it simple and do not overcomplicate. If you follow your rules and keep disciplined - simple things can work very well for you! But to make it work you need to learn hard and stick to the system and to your pair!

Situation on GU was not really clear today. There was a move and valid entry on Frankfurt Open (an hour before London Open). Then we see bounce from yesterday's low. After that you did really good and the entry on your chart is valid. You SL should be near London's high or previous high (almost the same).

The whole day we are watching Gold. What we have in the end?

As we thought - we got continuation after retest of the broken level. It was not perfect (we could wait in small drawdown or we could exit with BE), but finally price gave us a chance to get profit and reversed down after NY Open and some American News. Guess, it was very clear London move on this instrumant and it shows how easy you can read your chart.

Hope that helps, mates!

Thanks for explain

And what about this? It was a good entry?

That was perfect trade by CCI(14) and BreakOut. One thing is not good - is timing. Not all signals will work on this pair at this time of the day. Also CCI(100) cross was too long ago. That could be risky.

Look how great price bounced on the Round Number and then broked it down. That was the entry. Look left and you will find a strong Friday's level. There should be your target. Price came right to that level, so target is hit perfectly. Look how clear it works. It's simple if you use your knowledge right!

Now I see this clear...it seems simple but I need a lot of practice.
Thanks Master

Hi, I took this trade after LO open and I hope it was a good entry. I think it is very important for beginners to take trades only in clear sytuations - here was a simple breakout.

What we have on Gold?

We see very strong support level + Round Number, which hold the price since yesterday. Right on London Open we got a long signal. On M15 not all conditions are met - CCI(100) have crosses only 0 zone. But when we see such a good technical move and bounce off a strong level - we can catch such trade. Switch to M5 and you see this situaion more detailed with a retest of broken level and CCI confirmation. Good entry and finally our target is hit with 1:1.5 R:R ratio.

What a nice move we have on GBP/USD.

Breaking the Asian Low + RN number with fully CCI confirmation. Price came right to the yesterday's level and bounced off it - that was our target. Now price is retesting the RN. Let's see what's going to happen next.

What we have on EUR/AUD today?

We see a valid signal with CCI confirmation, but it didn't work out. Why that happened?

First of all look at these candles. Since Monday EA behaves this way - a lot of wicks on both sides of the candles, no clear direction and lack of momentum in moves. Yesterday we got long move and today we could count on continiation, but there is no momentum for this. Price is "sleeping".

The first cross of CCI(100) was too far away. That was the best entry - on Asian session with breaking Wednesday's high. When you see such signals with old CCI cross - be careful, these trades could always have risks.

CCI(100) is pointing down the whole time after the cross. It's not a clear rule, but that's additional signal for us to understand that signal is risky. When CCI crosses +100 zone - that means good long trend. What we see next? Price is struggling to break the high and CCI is going down very clear. Not a certain rule, but if you learn this situation you will find that such CCI moves can help you to avoid risky trades.

Just learn the behaviour of your pair and the tools you use. And there would be no surprises for you.

That was a good entry with BreakOut of Double Bottom and clear CCI cross. Well done mate!