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Market Structure Only- keep your charts clean

  • #381
  • May 5, 2021 3:43pm May 5, 2021 3:43pm
Quoting Koop
{quote} Have any of those B.E trades eventually continued in your favour after you were stopped out? Shorting CADCHF with SL at B.E but I'll get out before market close.
not really. 1.7-2r was the one i got some profits off and the rest came back after between 1.2-1.5r. i had quite a big of a stop since i was not scalping.
the one i posted above, climbed to 2.5r but now is back at 1r. original stop at red line on the pic.

am just trying to get high rrr with small risk and see if i can do it and keep patient for once

the president of canada is speaking today at some point in the night so i have hopes its gonna be very manipulated volatile. remains to be seen

to be fair i think i should split my trades between uchf ucad usdmxn usdcnh and usdpln. these were all longs i liked and moved kinda nice and i picked the worst mover (up till nwo at least)

am gonna try it next time i guess
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  • #382
  • May 5, 2021 4:11pm May 5, 2021 4:11pm
Quoting nikosk0
{quote} not really. 1.7-2r was the one i got some profits off and the rest came back after between 1.2-1.5r. i had quite a big of a stop since i was not scalping. the one i posted above, climbed to 2.5r but now is back at 1r. original stop at red line on the pic. am just trying to get high rrr with small risk and see if i can do it and keep patient for once the president of canada is speaking today at some point in the night so i have hopes its gonna be very manipulated volatile. remains to be seen to be fair i think...
Yes, patience is the key to this game ... that's why it's not for everyone!
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But we all keep trying, trade well mate!
<Ellison>
  • #383
  • May 6, 2021 2:27am May 6, 2021 2:27am
Quoting nikosk0
{quote} with this type of entries stop losses i recomend going the stop at break even at 1rr good luck edit. i hope you did put ur stop at break even and dint take a loss
Hi, it hit BE. I often get BE, just need 2-3 trades with target 10%/month. When the target reached, the next trade I would like to trailing stop loss.


Regards,
Tom
  • #384
  • May 6, 2021 2:55am May 6, 2021 2:55am
Nice EJ structure trade on 15 min. Exited a bit earlier as was disturbed.
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  • #385
  • May 6, 2021 3:08am May 6, 2021 3:08am
Quoting snail69
Nice EJ structure trade on 15 min. Exited a bit earlier as was disturbed. {image}
Beautiful trade. Totally missed that. Got onto the charts too late.
  • #386
  • May 6, 2021 3:14am May 6, 2021 3:14am
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Watching EURUSD, looking entry on smaller time frame.
  • #387
  • May 6, 2021 4:37am May 6, 2021 4:37am
Quoting snail69
Nice EJ structure trade on 15 min. Exited a bit earlier as was disturbed. {image}
you always post beautifull trades mate.

Quoting tomdachi
{image} Watching EURUSD, looking entry on smaller time frame.
i considered a long last night at the lows with tp above your zone, near previous highs. unfortunatly i didnt take it, it did not have the rr i wanted.

hope u didnt take a loss
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  • #388
  • May 6, 2021 5:00am May 6, 2021 5:00am
Quoting nikosk0
{quote} you always post beautifull trades mate. {quote} i considered a long last night at the lows with tp above your zone, near previous highs. unfortunatly i didnt take it, it did not have the rr i wanted. hope u didnt take a loss
Lol you're greedy these days Niko. You used to be very happy with 1.5R
  • #389
  • Edited 10:03am May 6, 2021 6:46am | Edited 10:03am
Quoting Koop
{quote} Lol you're greedy these days Niko. You used to be very happy with 1.5R
nah, its just that i trade low leverage on my live account and so i can only do swings.
witch means 2-5 trades/month. you know my risk is set standard in one trade or divided into more at a time.

and i dont like having too many trades open. 1 or 2 is enough. so yeah big rr is essential.

and the other thing that i used to be rarelly wrong on daily and weekly timeframes, for the past year at least. am just trying to find the patience to trade those.

the goal is not to make money for now with my live.

PS. IN the meantime, uc has gone down 280 pips from the first time i started buying it. the fact that i ha ve not suffered losss in and on its own its a big win
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  • #390
  • May 6, 2021 7:55pm May 6, 2021 7:55pm
Thank you Nikosk0 and Koop for the kind words.

There was also a beauty (there are plenty other anyhow daily on 15 min TF) on GOLD.

Entry possible at ICT level of 70.5% fib. TP, the best at 250% fib.
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  • #391
  • Edited 3:15am May 7, 2021 2:49am | Edited 3:15am
Gu, Eu 15 Min
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  • #392
  • May 7, 2021 4:53am May 7, 2021 4:53am
Quoting snail69
Thank you Nikosk0 and Koop for the kind words. There was also a beauty (there are plenty other anyhow daily on 15 min TF) on GOLD. Entry possible at ICT level of 70.5% fib. TP, the best at 250% fib. {image}
yeah i saw that. but havent traded gold since it hit 2k months back.

what is an ict level?
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  • #393
  • May 7, 2021 8:08am May 7, 2021 8:08am
Looking at EURJPY 1H chart. Could be an opportunity here.
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  • #394
  • Edited 8:34am May 7, 2021 8:10am | Edited 8:34am
Quoting bluesurfx
Looking at EURJPY 1H chart. Could be an opportunity here. {image}
monthly is in for a correciton possibly. dont get traped.

check all timeframes before entering a trade

gl

the pa on 5m is not healthy for my taste in taking a long. it already tried 3 times to go up and failed to make a single HH
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  • #395
  • May 7, 2021 8:24am May 7, 2021 8:24am
free tip for all.

u might wanna use "market sentiment"
you can either download an indicator or find the ones available on sites.
dont trust myfxbook tho, that is all about martingale system and its inacurate.

when above 50% are sort only buy
when above 50% are long only sell

untill sentiment goes above 80% keep ur trades

at 80% price starts its retraements (so i;ve noticed)

i have only checked 3 pairs in my trading days and i focus on them, u should know that buy now.

find the tool, do your tests on demo, then trade it. (almsot forgot. you can only forward test this)

gl
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  • #396
  • May 7, 2021 8:46am May 7, 2021 8:46am
Quoting nikosk0
{quote} Monthly is in for a correction possibly. Don't get trapped. Check all timeframes before entering a trade gl the pa on 5 m is not healthy for my taste in taking a long. It already tried 3 times to go up and failed to make a single HH {image}
EU was a better choice. Look at that precision. That is not random.....
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  • #397
  • May 7, 2021 9:12am May 7, 2021 9:12am
Quoting snail69
{quote} EU was a better choice. Look at that precision. That is not random..... {image}
Definitely not random.
Same pattern around the same time on Cadchf which I was watching but didn't take for fear of a news influenced whipsaw
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  • #398
  • Edited 11:58am May 7, 2021 11:08am | Edited 11:58am
Quoting Koop
{quote} Definitely not random. Same pattern around the same time on Cadchf which I was watching but didn't take for fear of a news influenced whipsaw{image}

eu was excellent. in the meantime i sorted gu. sorting on repeat mode till it stops working

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edit. out for 1.5rr. good enough to close the week anyway (the exit was based on 5m structure. you can see the swing low clearly right at the left of my exit. that small structure that formed there
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  • #399
  • May 7, 2021 11:14am May 7, 2021 11:14am
Quoting Koop
{quote} Definitely not random. Same pattern around the same time on Cadchf which I was watching but didn't take for fear of a news influenced whipsaw{image}
as clean as you could ask for.
fuck the news, price doesnt care, dont hesitate, if a setup is there u take it. thats the system, trust it.

ps. maybe we should post some expectations to watch out for in this thread. taking the management system out of the equation
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  • #400
  • May 7, 2021 11:38am May 7, 2021 11:38am
Quoting nikosk0
{quote} as clean as you could ask for. fuck the news, price doesnt care, dont hesitate, if a setup is there u take it. thats the system, trust it. ps. maybe we should post some expectations to watch out for in this thread. taking the management system out of the equation {image}
Lol you're right, most times the news just even makes the set up work quicker.
I don't know why it still bothers me.


Also, yeah I agree on posting expectations. I'll start doing that next week, would help to be better prepared.
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