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Rub's accountability

  • #61
  • Nov 12, 2020 9:22am Nov 12, 2020 9:22am
W: BEEB.
D: swing up (swing high is not confirmed)
4H: swing up (swing high is not confirmed)

=> That new red candle could be a potential WCC.
Switch to 1H and looking for long.
  • #62
  • Nov 12, 2020 12:47pm Nov 12, 2020 12:47pm
Stopped out.

Sanji you've uploaded a EURUSD chart. Did you mean to do that?
Attached Image (click to enlarge)
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  • #63
  • Nov 12, 2020 12:51pm Nov 12, 2020 12:51pm
Quoting Rub
Stopped out. Sanji you've uploaded a EURUSD chart. Did you mean to do that? {image}
this is what I am looking at when I commented earlier
Attached Image

all the red candles dont have a continuation. although I dont like to go long right away. on the other hand I dont feel comfortable on higher timeframes. I dont have any experience , other than M5
When there is a healthy trend the structure is similar on all frames
Attached Image

example:
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  • #64
  • Nov 12, 2020 7:48pm Nov 12, 2020 7:48pm
Quoting Rub
Stopped out. Sanji you've uploaded a EURUSD chart. Did you mean to do that? {image}
Hi Rub,
EURUSD chart extracted from Strat's post.
My chart on USDCAD.
  • #65
  • Nov 13, 2020 4:25pm Nov 13, 2020 4:25pm
Quoting bistolis
{quote} this is what I am looking at when I commented earlier {image} all the red candles dont have a continuation. although I dont like to go long right away. on the other hand I dont feel comfortable on higher timeframes. I dont have any experience , other than M5 When there is a healthy trend the structure is similar on all frames{image} example: {image}
Thanks, that makes a lot of sense that there needs to be follow through on the candles with the trend.
  • #66
  • Nov 19, 2020 3:46am Nov 19, 2020 3:46am
GBPJPY trading the 5min chart. Red line is London open. Arrow shows the entry about 45min later. Stopped out.
Attached Image(s) (click to enlarge)
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  • #67
  • Nov 19, 2020 4:07am Nov 19, 2020 4:07am
Quoting Rub
GBPJPY trading the 5min chart. Red line is London open. Arrow shows the entry about 45min later. Stopped out. {image} {image} {image}
I will comment if I may mate.

Remember STRAT quote that loosing traders just pull the trigger and don´t care and manager manage trade?

You should get out with BE or small loss when PRICE lost momentum and false break minor support

Attached Image (click to enlarge)
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Lesson learned. NEXT

Stay safe

MH
  • #68
  • Nov 20, 2020 1:53am Nov 20, 2020 1:53am
Quoting Mhons
{quote} I will comment if I may mate. Remember STRAT quote that loosing traders just pull the trigger and don´t care and manager manage trade? You should get out with BE or small loss when PRICE lost momentum and false break minor support {image} Lesson learned. NEXT Stay safe MH
Thanks for the feedback. I take it you agree with the entry I took, just the management sucked?
  • #69
  • Nov 20, 2020 3:31am Nov 20, 2020 3:31am
Quoting Rub
{quote} Thanks for the feedback. I take it you agree with the entry I took, just the management sucked?
Well it is not smooth toothblade structure as we are looking for. DO you see candles with wicks for both sides up and down? It shows undecision.

I have not good experinece with FOREX M5 trading I am more index trader in M1 for STRAT PASR TREND TRADING but in my view this day was not good for TRENDS
still some opportunities after NY open. Do you see the difference how PRICE reacts differently?

Attached Image (click to enlarge)
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MH
  • #70
  • Nov 25, 2020 4:36am Nov 25, 2020 4:36am
GBPJPY 5 minute trading.

Red line is London open. Forgot to put it in before I took screenshots of the h4 and h1 charts, but you can see where I put in S/R, there was originally more level above, but I moved the line to below when the strat shadow changed.

1. My entry, just about the swing high was about 10 pip, but I used a generous 15 pip stop.
2. Move to break even.
3. Exit.

Probably could've held on and got more, but I'm comfortable having taken the pips I did, and I didn't see a re-entry.
Quoting Mhons
{quote} Well it is not smooth toothblade structure as we are looking for. DO you see candles with wicks for both sides up and down? It shows undecision. I have not good experinece with FOREX M5 trading I am more index trader in M1 for STRAT PASR TREND TRADING but in my view this day was not good for TRENDS still some opportunities after NY open. Do you see the difference how PRICE reacts differently? {image} MH
I think so. Price starts to respect the 20ema and make the lower lows, lower highs.
Attached Image(s) (click to enlarge)
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  • #71
  • Nov 25, 2020 5:28am Nov 25, 2020 5:28am
Quoting Rub
GBPJPY 5 minute trading. Red line is London open. Forgot to put it in before I took screenshots of the h4 and h1 charts, but you can see where I put in S/R, there was originally more level above, but I moved the line to below when the strat shadow changed. 1. My entry, just about the swing high was about 10 pip, but I used a generous 15 pip stop. 2. Move to break even. 3. Exit. Probably could've held on and got more, but I'm comfortable having taken the pips I did, and I didn't see a re-entry. {quote} I think so. Price starts to respect the 20ema...
You learnt from mistakes. This is the way.

Just few add ons

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And finally just to make sure you traded swing A. TREND trading is more complex to catch TREND with take profit at support/ressist from higher timeframe or after exhaustion.

Well done mate!

MH
  • #72
  • Nov 26, 2020 11:11pm Nov 26, 2020 11:11pm
Quoting Mhons
{quote} You learnt from mistakes. This is the way. Just few add ons {image} And finally just to make sure you traded swing A. TREND trading is more complex to catch TREND with take profit at support/ressist from higher timeframe or after exhaustion. Well done mate! MH
Thanks! It takes a long time to hammer stuff into my head, but eventually it gets there. Thanks especially for taking the time to give me the feedback.


I was watching this last night, but I wasn't game to actually place any trade, sub 10 pip stop losses put me off because it seemed way too small for the dragon.

The first red line is London open, the second is about 1AM my time, when it would've reached the support I had.

1. This would've been my first entry, IF I was game to place it straight after the open when price usually zips around.

2. This would've been my first likely entry, after London open had settled down, even if I'd entered the first the first green bar off that low would probably have had me take profit.

Don't think I would've stayed up until the wee small hours to trade this, and I've got a long way to go before I'm comfortable holding throughout, but I think I'm starting to "see" things a bit better.
Attached Image(s) (click to enlarge)
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  • #73
  • Edited Dec 1, 2020 2:52am Nov 30, 2020 10:25pm | Edited Dec 1, 2020 2:52am
EURUSD

Last week closed above the WCC, now looking for longs. I like this over EURJPY, as EJ is trading directly into resistance. This is about a 1:1 trade to the 1.2000 round number, so I'll be watching closely to see what it does there.

Moved to break even at 1:1 near the last high.
Attached Image(s) (click to enlarge)
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  • #74
  • Dec 1, 2020 4:46am Dec 1, 2020 4:46am
GBPJPY 5 min trading. 1-Dec-2020

Red line is London open, blue is support/resistance levels. Commentary as I'm taking the trades.

1. Poor entry really, near the most recent high. If it break it there's not much resistance until about 142.00 as far as I can see (daily chart, 4hr doesn't show far enough back). Holding on because it's been up all day, 4hr and 1hr are in an uptrend so....

2. Moved to break even here, better safe than sorry given how hard this area has been to break. The candle after stopped it out. Looking at it there's not really the nice saw toothed trend going compared to the asian session.

3. Sold here.

4. Holding despite the doji, I don't see any support here looking left. Tempted to move to BE though. Second doji has me concerned so moved to BE, but it did go lower. Stopped out at BE.

5. I don't like that this retraced well past the 20ema, so not taking it.

Could hang around more, but I don't think I'm going to catch much of a move today.
Attached Image (click to enlarge)
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  • #75
  • Edited Dec 3, 2020 3:44am Dec 2, 2020 1:09pm | Edited Dec 3, 2020 3:44am
Long AUDJPY.

Retested the high, and it's above the SS on all three time frames. Target about 78.00

EDIT: moved to BE, it's been 12hrs and only moved 20 pips.

EDIT2: Stopped out at break even +1.
Attached Image(s) (click to enlarge)
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  • #76
  • Dec 3, 2020 4:04am Dec 3, 2020 4:04am
GBPJPY 5min trading 3-dec-2020

As usual red line is London open.

1. Entry in the Euro open with 10 pip stop, should've waited. Got greedy looking for a continuation for asia, there's not the sawtooth pattern going on just consolidation around the S/R area. Stopped out the 3rd bar after entry.


Looks like nothing is going to happen any time soon, so I'll calling it a night.
Attached Image(s) (click to enlarge)
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  • #77
  • Dec 3, 2020 7:09am Dec 3, 2020 7:09am
Mayby time to close the EUR/USD trade
Insanityoing same ting over expecting different results..Einstein
  • #78
  • Dec 4, 2020 5:22am Dec 4, 2020 5:22am
EURCAD 5min trading 4-dec-2020

Red Line is London open. Commentary as I trade to hopeful document my thought process better.

1. Close above resistance. Clear entry after retracing to SS. Lots of space to run to next resistance. 12 pip stop. I don't like doji candles forming, but the other EUR pairs I watch are taking off, so I'm going to hold.

2. Finally some movement! If EURAUD hadn't been trading directly into resistance I would've taken that and been well up by now.

3. Maybe should've added here, but there's not really a way for my first trade to be made safe. Looks like price is really struggling to break the 1.5650 area.


This is painful to watch slowly grinding up. Really should've taken EURAUD....
Everything I can see up to the 4hr looks like it's a long trade to me. Especially with the other EUR pairs running off up. Bloody frustrating seeing it just hang around.

4. Nearly closed here, it's getting past 9:30PM here and I've had a long day, but it keeps pushing up to the 1.5650. I think it'll break and eventually run up to test the last 1hr high as there's nothing much stopping it. Just don't have the patience.

Yeah, had enough. Could've taken more profit, or moved to BE and let it go but it's late for me and I'm heading off for some sleep. Last chart is the comparison with EURAUD.
Attached Image(s) (click to enlarge)
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  • #79
  • Dec 4, 2020 8:01pm Dec 4, 2020 8:01pm
Only a few trades for November, but I think I've learned a fair bit from them.

USDCAD I failed to notice the conflicting higher time frame signal from support.

The smaller time frame trading I've got to remember to manage the trade better. Look for if it's stalling on support/resistance like the last high or low.

Slowly getting better though. Here's to a profitable December!
  • #80
  • Dec 9, 2020 12:01am Dec 9, 2020 12:01am
Long NZDJPY, looking to target about 75.50 looking at the weekly chart. Will move stop to break even at the last high.
Attached Image(s) (click to enlarge)
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