Consistent Forex Entries

Please read the full info from the first page and slowly go through all the posts. Any irrelevant info here will not be answered. Thanks in advance and enjoy



Hello there, traders!!

First of all to tell you why I am doing all of this. Some time ago, one guy asked me: "Will you teach me how to trade? I see you are making money out of it!" At that time I wasn't making much, but started to be constant and managed to compound some profits for a certain period of time. My answer was that I don't have that much time and that it would take ages for him to start from scrap. He looked at me and said: "What is the worth of all the knowledge if you are not sharing it with people that are willing to learn?" I stood a bit confused thinking, and after a long talk decided to help him. In less than a month, for 2 hours 5 days a week, I shared with him everything I knew. Looks like it didn't take me much time but saved him at least a year of study. To make it short, he is now a great forex trader, maybe even better than I am, he does it part-time and we talk here and then. That bolded sentence still goes through my head every day and that is what made me do this.


I got the idea that I could share some of the knowledge and experience I have got over time trading Forex. What I am talking about are one of the best possible entries(not the best of the best, but very good ones). For quite a time now, I have found consistency in trading, and my entries got to a point where I could say I need no improvement, but of course, there is a need of always seeking for more. I am always trying to reduce the amount of ego while doing this kind of stuff.

In this thread, I will post all of the entries that I take, it doesn't matter if they are losing or winning (I will not even know where they will go because I will post as soon I can after taking them. Like to be transparent with everything)

Also, I will try to explain why I took that trade, what factors do I take care of and everything related to that. Feel free to ask questions

I think there is no point in sending entries before this post because they are no more relevant. Hopefully, this tread will be helpful for many of you folk. I think this will be a great thread in the future from which many traders can learn how to pick trades, when to enter, how to look at charts and so on...

Have a nice day and trade safe!

Edit: If you need to ask anything, I am open to any PMs or posts on the thread. I have dedicated Telegram channel for this, made it be my own journal. If it is easier for you to follow my entries there and if you are not that much on the FF Forum, you can join on this link: https://t.me/StockForexx
I will respond here as much as I can, but my mobile phone is with me all the time and I am much more active over there where many of us discuss ideas and where I am daily posting:

1. How, why and when I pick trades; What factors do I look at
2. Daily news and fundamental analysis, explaining why unexpected moves occur in the markets, explaining how retail sales, GDP, interest rates, inflation and etc. affect the market
3. Entries as soon as I enter trades I send out the notification for all of those who want to follow with a full explanation on why I did take the trade
4. I will be talking about how patience is important in trading, why I don't jump into every trade I see, why I have only 6-10 pairs that are on my full-time watchlist, how to improve your trading psychology and become consistent with daily bits of advice etc...
5. Also, I decided to make some good articles(some would say courses, but I would rather say short books of around 20 pages) and PDFs about my trading journey, what has helped me to fight my own emotions and when did I actually become profitable. I will not talk here about technicals because I think that everyone needs to find his own style that suits him the best, while psychology is the same for everyone. Know that this won't be done for at least 2 months from now
6. Give out free e-books about trading, if someone can't find them online.

Feel free to join, everything is for free and always will be! I will constantly improve myself and try to give out as much as I can to people.


Risk disclaimer:
Any information found here is not an investment suggestion. This is my personal opinion and like that, can be followed at your own risk. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Very interesting) Ready to go)

Are you running a trading journal or are you inviting others to share their trade entries?

KP

This is my trading journal, yes. But also, everyone who gets good entry is free to post it here.

I had a dilemma should I post this here or in Trading Journals topic, but I found this more suitable because there will be a lot of explanation about the system of trading. If you need to move the thread to another folder, feel free to do so

Markets are today very slow. Just as they say, it is always quiet before the storm, I think it might be the same for this Monday. A lot of fundamentals will bring the momentum we need, at least I hope so.

PATIENCE is key in the markets. The urge to be in that trade and FOMO(Fear of missing out) usually destroys many traders. With good practice, everyone can become patient.

Let's sit on our hands for now and wait.

Hello dude,

on what time frame are ou trading ? Sitting on our hands plays a big role in successful trading.

Hey!

I don't do scalping or day trading. Only swings, unless trade hits my profit in a day, which is very rare.

Usually I do top to bottom analysis, every week checking weekly candles, then every day checking daily candle. But most of the time I look at H1 and H4 to get good entries, waiting for rejections from highlighted zones, or breaks.

Sometimes I jump on M30 but not that often.

After sitting on our hands for some time, we have finally caught great trades.

EURGBP

The explanation why I have taken the trade and why I picked EURGBP:
After the speech from ECB President Mario Draghi, Euro came out dovish(just as in 90% of his talks, 0 positivity from him usually). He told that ECB will have to do more rate cuts and that they will use all flexibility within their mandate until fulfilling it. If outlook doesn't improve, additional stimulus will be needed(more cuts) and also he noted that APP (asset purchase program) still has considerable headroom. There were no positive comments at all from him. After that big selloff in Euro, I was waiting for a good pullback somewhere to take shorts. The best pair was definitely EURGBP because Pound is very weak, which helped the pair to get bigger pullback than with other pairs. I am always checking how currency does in other pairs to make a decision.

I hope this analysis and trade will be good for long term holding due to bearish movements on the Euro. Draghi is speaking tomorrow again, the UK vote is in focus, too. I will try to catch the best possible info about it and find the best possible setups to enter.
I am still new to this, I have never shared knowledge and analysis like this. If you have any questions or recommendations, please tell me in private or in my telegram channel where I do the same as here, with some info at the exact time I enter so others can enter, too. Link for the channel is in the first message.

As time goes by, and I get a bit more experience with this, together with new followers, I will give you more and more insight on how do I pick trades, how do fundamentals help me pick best setups, which are my favorite pairs, how to make trading simple and look at technical analysis and candles as the only thing needed for trading, without any indicators. People need to gather confidence and start trusting their own eyes.

Another great entry today:

XAUUSD(GOLD)

Why have I taken this trade:
I have been watching gold for some time now. Gold is struggling to go higher, yet I see USD gaining some strength which will make gold go down nicely. On this setup, my fundamental and technical view is a bit mixed. Double rejection on M30 an H1, very high wicks that happened on a 78.6% Fibonacci retracement. Hopefully, this is the trade we have been waiting for a long time. This time it wasn't such a wick entry because I was thinking if this is enough confirmation or not. I took the trade with a bit lower risk than usual and it came out great. What happened the next minute after I happened was Trump tweet about meeting with Xi and gold went tumbling down.

At this moment I have added another short after the pullback that happened after the drop, as you can see in the screenshot. This one was a great wick entry just in my style

Hey mate nice info here, keep up the good work, i will follow your progress closely

Nice trades!

Unfortunately, there were very wild conditions in the markets and it was hard to catch proper entry, I didn't even try to. Weird movements from USD, Draghi moving Euro down, then tonight safe-haven flows due to these U.S.-Iran tensions. I will look to avoid any safe-haven positions(JPY, CHF, GOLD) and commodities(mostly OIL) until everything settles down.

Powell also had mixed speech, a lot of information but hard to understand. When you don't exactly know what is happening in the markets, it is best to stay away from it and just look.

I follow you on telegram, your content so far has been really helpful and supportive!

Thank you all for the support, I will keep doing this as long as I can!!

Recap of the week: We only had 2 trades but still managed to make 200 pips on those, either with full positions or with partial profit-taking. I know some of you may not gain 200 pips as I did because of my special type of trading, but we will go through that every day and I will explain every day more and more about what and how I do it.

I just gave away the around 1000$ worth of books, any title followers were asking and much, much more!! I HOPE I CAN KEEP ON GOING WITH THESE GIVEAWAYS AS IT MEANS A LOT TO ME TO SEE OTHER PEOPLE HAPPY

For much more info, join the telegram link in the first post.

Okay, I have been very quiet in the past days, but I wasn't finding any good trades to pick. I focused to give education and content for my Telegram follower, I have done a webinar almost 2 and a half hours long. It was my first one ever and despite little problems with the microphone, everyone was satisfied which is the most important. I have been talking a lot about my way of trading and how I pick trades. We went over some news for this week, but overall it was just an introduction. A lot more to come.

We have caught a new precise entry, check it out:

EURGBP

Why have I taken this trade:
On the fundamental side, this was a perfect trade for me. As many already know, ECB is easing wherever it can and is ready to ease even more as soon as it is needed. A lot of Draghi very negative commentary(something very usual from him) which led to 80% expectance that the ECB is to either cut its deposit rate further and have a tiered system or tweak forward guidance, while others expect the ECB to restart its QE program (they are both EUR very very dovish). On the other hand, we have GBP inflation reports where I think any info can spark a positivity in GBP. EURGBP has been rising on the GBP bearishness for a long time without any correction and right now it struggled to make new tops, the BREXIT thing is now in a pause for a short time which may give some positivity for GBP and correction for our pair. After struggling to make new highs, I decided to wait for the good entry. On H4 there was a magnificent pin bar seeing a rejection. On h1 we have seen 2 great wicks showing that sellers stepped up. After that H1 pin bar/Doji, there was a slight pullback up on the m30 timeframe when I have entered. The entry is shown down under and everything has been sent to my followers on my channel so if you wish you can check it out.



At this exact moment, while typing this post, there is a pullback up, where I have entered another short with a smaller position.

Apart from trades, I have given out more than 100 books to members of the community, also trying to give the full explanation why we pick such trades, giving some inputs about psychology and anything else I find important.

Cheers to everyone and trade responsibly!!

I can’t see your stop loss on the chart..., where was it, if any ?

Yeah, I always place stop loss. When I send out entries to my channel, there I type where I put my stop loss. I usually give 20-30 pips for price to breathe, sometimes even 40 pips. But I dont take much trades at once and I can easily monitor them. If I see price ranging around the entry zone then I check how it responds. IF there is not any sign that price will move to my direction, I close it before hitting stop loss. My stop loss range also depends on the volatility in the market, news and fundamentals going on etc.

But to conclude, there is always stop loss. On that one that you quoted, there was SL at breakeven

After a long and interesting week for all traders, I must say I had a lot of problems that needed to be solved which would bog my mind if I didn't solve them and therefore affect my trading decisions. I haven't been active much these days on my channel. But this kind of support after I help someone is a big motivation to keep doing everything I started about 2 weeks ago. This is what needs to keep you pushing forward.





By small steps, we can make a long way. And remember, this is just a start!!!

BTW Sorry for the bad English in the photo, not everyone speaks fluent

Great start to the week, another clear entry to the wick!! We caught the clear bottom of the wick like we usually do!! I wasn't trading last week a lot due to some problems but we are coming stronger then ever!! Did a usual webinar with my followers, did some education and now continuing to kill the markets with these sick entries!


GBPJPY

Attached Image (click to enlarge)

Why have I taken this trade:

If I was looking purely to fundamentals on this one, I would definitely not enter it. UK economy is shrinking, PMI came really bad, we have a lot of potential downside for GBP, together with all the Brexit mess. But from JPY side, there was easing due to trade wars "ceasefire". They postponed everything which could bring some easing on Gold and Jpy, also Chf a bit even though CHF volume right now is very very low. We should not call it major anymore, less than 5% of the volume traded. But move that aside, technicals on this trade went pretty good. There was a gap that had to be filled, a great double bottom, a textbook retest of the zone and there it is our entry. Right now stops are at breakeven, nothing to lose. We will be taking partial profits on the way, everything will be posted to my channel. If you wish to join, a link is in the first post.

Enjoy and have a nice week trading!!

It is still slow Monday, but we are catching pips like crazy. Again one more trade risk-free!

USDCAD

Why did I enter the trade:

USDCAD is in a downside momentum for a long time. Right now, despite the institutions adding longs on CAD and Canadian economy growing, we have seen nice rejections on current levels. Also, the break of a trendline opens a lot of space for USDCAD to go up very fast. We are expecting at least 100pips pull back. I will keep you updated as long as we are in that trade. Fibo levels may come in handy over here.




EURCAD

Why did I enter the trade:

You will probably wonder why I go into 2 different directions on the same currency. It is because I trust myself. I see EUR falling faster on many pairs than I see CAD, to explain it in some kind of way(I am not a native English speaker so I have a hard time remembering the words sometimes). This one is longer term trade for sure due to EUR doing very very badly overall as I have been talking in my channel, and CAD rising due to OIL prices. USDCAD is just a shorter term long, since there must be some kind of correction both on OIL and USDCAD due to overextended price. Also, what I like here is that institutions are adding longs overall(little part of our group that we have info on) so long term we see this pair going far. That would be all, just a short recap of what we are doing every day

Attached Image (click to enlarge)

Enjoy!!