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(binned per thread starter’s request) My Way Of Price Level Analy

  • #2,461
  • Jul 23, 2021 5:19am Jul 23, 2021 5:19am
Quoting prozor7
{quote} I understand how do you feel, for me it was a huge frustration when I read about all of those wining trades. after all those years in trading I have only one advice for you. stay focus on your system and trading. to do that stay away from any type of web chat room, FF or similar for minimum of 30 days ... reading about other trades can make you only frustrated more. you will be surprised how your perspective will change. alone in front of the screen searching for a trade without talking, typing, chatting... it can be frightening, but gain...
Thank you for your kind sharing and advice pro7. I lost my day job last year Oct due to the bad situation as we all know ya... but Ive been trading since 2017 when BTC was at its Euphoria then... no doubt small AC but wonder if I could get it to a bigger size with Rons results. Certainly got me excited for sure.
  • #2,462
  • Jul 23, 2021 5:23am Jul 23, 2021 5:23am
Quoting Elvan
Im carrying a long position in USDCAD from how its coiling likely may leave open over the weekend.... {image}
FYI. More downside still can been seen… USDCAD. Sitting at my uptrend trendline. If break we can see price drop to 1.24700. 1.24300 area. For you only.
10% buy 10% sell 80% waiting
  • #2,463
  • Jul 23, 2021 5:29am Jul 23, 2021 5:29am
Quoting princiano
I will be posting my trade ideas on NZD/JPY, Eur/NZD, NZD/JPY , AUD/JPY , EUR/JPY , GBP/USD and NZD/CAD I will be posting them shortly. so wait for it
Price can you pls share your analysis on GBPJPY and GOLD pls. Thankyou
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #2,464
  • Jul 23, 2021 5:29am Jul 23, 2021 5:29am
Quoting Elvan
{quote} Thank you for your kind sharing and advice pro7. I lost my day job last year Oct due to the bad situation as we all know ya... but Ive been trading since 2017 when BTC was at its Euphoria then... no doubt small AC but wonder if I could get it to a bigger size with Rons results. Certainly got me excited for sure.
If you have $100K account trading the market as full time you will know where I’m coming from. It is hard to build a small account for a living. Just my advice.

When you are trading with small amount, you will want to bring in profits fast and that is when you will kill your account. Like I have said no stress with small account but can’t grow fast and live for a living unless you have your day job.

To me small accounts is for training purpose not for living expenses.

I do not know about the rest of them but this is my view.
10% buy 10% sell 80% waiting
  • #2,465
  • Jul 23, 2021 5:41am Jul 23, 2021 5:41am
Quoting RickMTB
Currently i am watching CADJPY H4 to see if it makes a new HH... or as my gut is telling me a sell trade maybe imminent?
CADJPY watching this too on H4 but still waiting to sell. Thinking about EURUSD long on H1.
  • #2,466
  • Jul 23, 2021 5:43am Jul 23, 2021 5:43am
Quoting TraderR0N
{quote} If you have $100K account trading the market as full time you will know where I’m coming from. It is hard to build a small account for a living. Just my advice. When you are trading with small amount, you will want to bring in profits fast and that is when you will kill your account. Like I have said no stress with small account but can’t grow fast and live for a living unless you have your day job. To me small accounts is for training purpose not for living expenses. I do not know about the rest of them but this is my view.
Agree with me.

Why do some traders love to trade smaller timeframes like M1, M5 and M15 with small accounts. Think about it. Is it because they are sniper and 100% winning or? It is because they just want it fast in fast out profits. When you have a bigger funds you won’t be doing that for sure.
10% buy 10% sell 80% waiting
  • #2,467
  • Jul 23, 2021 5:46am Jul 23, 2021 5:46am
Quoting Elvan
{quote} Thank you for your kind sharing and advice pro7. I lost my day job last year Oct due to the bad situation as we all know ya... but Ive been trading since 2017 when BTC was at its Euphoria then... no doubt small AC but wonder if I could get it to a bigger size with Rons results. Certainly got me excited for sure.

size doesn't matter , what is matter is attitude.
with small account stay focus on 1 - 3 symbols with bigger volatility like GBP or GOLD and master them. you will be surprised how fast your account will rise.
also pay attention to correlation between symbols that will help a lot.

stay focus on your results, do not compare what other people do until your confidence rise.

NO unrealistic expectations
NO I need to build my trading account really fast
NO risking too much
NO over-trading
NO trading is my last hope, I am desperate to make this work
NO give-up

good luck
pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #2,468
  • Jul 23, 2021 5:50am Jul 23, 2021 5:50am
My Trade idea for NZD/CAD (This is not for signal purposes)

Current price: Price is currently sitting at 0.87740

Trend = Uptrend

if price breaks or retraces down to 0.87300 then this setup is invalidated.

Furthermore, price could extend to higher price levels
  • #2,469
  • Jul 23, 2021 5:51am Jul 23, 2021 5:51am
All I can say is just stay focus on your charts with your both eyes at all times. That is all you need!

If you don’t see a good valid setups than leave it alone and come back later. You will sure to see 1 or 2 pairs valid setups
10% buy 10% sell 80% waiting
  • #2,470
  • Jul 23, 2021 5:55am Jul 23, 2021 5:55am
Quoting princiano
My Trade idea for NZD/CAD (This is not for signal purposes) Current price: Price is currently sitting at 0.87740 Trend = Uptrend if price breaks or retraces down to 0.87300 then this setup is invalidated. Furthermore, price could extend to higher price levels
Well done Prince.
10% buy 10% sell 80% waiting
  • #2,471
  • Jul 23, 2021 5:59am Jul 23, 2021 5:59am
I dare not say I’m good at trading, there are many more good traders around which I know sitting and trading quietly at home banking tons of money. But one thing for sure I do understand how market structure works.

Why I’m still here because of passion and also helping traders to see chart in a proper way only if they ask.

How price moves with structure. Not fancy Christmas tree indicators. Just PRICE!

The more fancy your chart is the more you will get confuse of your trades to enter or not to. So stay naked. My advice.

Good luck and enjoy your weekends.
10% buy 10% sell 80% waiting
  • #2,472
  • Jul 23, 2021 6:01am Jul 23, 2021 6:01am
Quoting TraderR0N
{quote} Agree with me. Why do some traders love to trade smaller timeframes like M1, M5 and M15 with small accounts. Think about it. Is it because they are sniper and 100% winning or? It is because they just want it fast in fast out profits. When you have a bigger funds you won’t be doing that for sure.
that remind me
with small account catching Moby-Dick trader will lost Moby and leave to home with ....
Forex can only be understood backwards, but it must be traded forwards.
  • #2,473
  • Jul 23, 2021 6:01am Jul 23, 2021 6:01am
Quoting TraderR0N
{quote} Agree with me. Why do some traders love to trade smaller timeframes like M1, M5 and M15 with small accounts. Think about it. Is it because they are sniper and 100% winning or? It is because they just want it fast in fast out profits. When you have a bigger funds you won’t be doing that for sure.
I agree on account size and time frames... the amount of times i see where price should be heading, like AUDCAD last week, i made sell trades, confidently i pulling the trigger and setting my TPs, then comes Monday... MM sends price on a stop hunt, kills my account, then price sails past my entry points and well below my TP's...

And also my desire to have a large account makes me overload the trades and cause the stop outs.

Back to the rebuild.
  • #2,474
  • Jul 23, 2021 6:06am Jul 23, 2021 6:06am
Quoting prozor7
{quote} that remind me with small account catching Moby-Dick trader will lost Moby and leave to home with ....
LOL damn P. Haha.
10% buy 10% sell 80% waiting
  • #2,475
  • Jul 23, 2021 6:08am Jul 23, 2021 6:08am
Quoting RickMTB
{quote} I agree on account size and time frames... the amount of times i see where price should be heading, like AUDCAD last week, i made sell trades, confidently i pulling the trigger and setting my TPs, then comes Monday... MM sends price on a stop hunt, kills my account, then price sails past my entry points and well below my TP's... And also my desire to have a large account makes me overload the trades and cause the stop outs. Back to the rebuild.
Haha well said Rick. Forex is never easy.. many risks factors involved.
10% buy 10% sell 80% waiting
  • #2,476
  • Jul 23, 2021 6:09am Jul 23, 2021 6:09am
Cadchf I am shorting
  • #2,477
  • Jul 23, 2021 6:12am Jul 23, 2021 6:12am
My Trade idea/PRICE Structure for EUR/JPY (This is not for signal purposes )

Trend: Strong Downtrend

Expect price to drop more from the current PRICE .

I expect PRICE to drop down to 129.000 soon
  • #2,478
  • Jul 23, 2021 6:18am Jul 23, 2021 6:18am
My Trade idea/PRICE Structure for GBP/AUD (This is not for signal purposes )

Current Price: 1.96686

Trend: UP Trend

I expect price to move up (currently in range)

I expect PRICE to break out North soon
  • #2,479
  • Jul 23, 2021 6:21am Jul 23, 2021 6:21am
Quoting TraderR0N
{quote} Well done Prince.
Thanks Boss
  • #2,480
  • Jul 23, 2021 6:25am Jul 23, 2021 6:25am
Nzdcad I have shorted
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