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

  • #3,121
  • Aug 17, 2021 6:13am Aug 17, 2021 6:13am
Quoting TraderR0N
{quote} Nice David. I bought at 151.160. Huat la!!!
Little DD on GBPJPY but manageable.
10% buy 10% sell 80% waiting
  • #3,122
  • Aug 17, 2021 6:14am Aug 17, 2021 6:14am
Quoting win99
{quote} Fortunately, I moved my SL away and now I am still in the market. Still negative but less stressful.
YEN pairs are still strong atm.
10% buy 10% sell 80% waiting
  • #3,123
  • Aug 17, 2021 6:15am Aug 17, 2021 6:15am
Quoting benjamintoh8
{quote} I managed to get in at 151.393
Nice Ben. But still strong. Added more below.
10% buy 10% sell 80% waiting
  • #3,124
  • Aug 17, 2021 6:15am Aug 17, 2021 6:15am
Quoting princiano
good morning everyone, its good to be back after a long time My current trades : Long usd/jpy target 50 pips Long nzd/cad target 50 pips
hi prince welcome back. What price did u enter usd/jpy? Thanks
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #3,125
  • Aug 17, 2021 6:16am Aug 17, 2021 6:16am
Quoting win99
{quote} Hi Ron, Maybe you should start a paid Telegram Group at low price so you can help more traders. I have joined one which charges vey little and is quite good.
I have got no time. Have to manage this thread and my own telegram chat group and also managing accounts and my own. Haha I don’t see I will have the time doing it lol.

Thanks David for the thoughts.
10% buy 10% sell 80% waiting
  • #3,126
  • Aug 17, 2021 6:18am Aug 17, 2021 6:18am
Quoting princiano
Good Morning everyone, Its good to be back after a long time My Current trades : Long USD/JPY target 50 pips Long NZD/CAD Target 50 pips
Welcome back!

Hope everything is fine and happy for your mom recovery.
10% buy 10% sell 80% waiting
  • #3,127
  • Aug 17, 2021 6:23am Aug 17, 2021 6:23am
Gonna analyse some chart.

Good luck and happy trading the market.

BRB.
Laters.
10% buy 10% sell 80% waiting
  • #3,128
  • Aug 17, 2021 6:26am Aug 17, 2021 6:26am
“Entries” are important but how you manage your losing trades “opening positions” are important as well.

Stay green!
10% buy 10% sell 80% waiting
  • #3,129
  • Aug 17, 2021 7:10am Aug 17, 2021 7:10am
Eurusd I am shorting
  • #3,130
  • Aug 17, 2021 7:12am Aug 17, 2021 7:12am
Quoting win99
{quote} Hi Bruderx, Good trades. So you use big SL and ride with the market. Is this method very risky, especially with multiple trades? Cheers to you!
Hi win99, thanks, I use small lot sizes so I can handle bigger SL. It relates to money management which is everybody's own risk. I do not use hard SL, I close trades manually if I feel it necessary. It worked so far for me but I am still learning how to make it more profitable. Even I use small lot size, I managed to make appr. 7% gain in the last four weeks and no significant DD at the moment and I am happy with it. Cheers.
  • #3,131
  • Aug 17, 2021 7:13am Aug 17, 2021 7:13am
Usdchf I have shorted
  • #3,132
  • Aug 17, 2021 7:51am Aug 17, 2021 7:51am
Quoting forex baraka
{quote} hi prince welcome back. What price did u enter usd/jpy? Thanks
Thanks! I entered 109.302
  • #3,133
  • Aug 17, 2021 7:52am Aug 17, 2021 7:52am
Quoting TraderR0N
{quote} Welcome back! Hope everything is fine and happy for your mom recovery.
Thanks boss
  • #3,134
  • Aug 17, 2021 8:04am Aug 17, 2021 8:04am
Quoting princiano
{quote} Thanks! I entered 109.302
I bought it too USDJPY.
  • #3,135
  • Aug 17, 2021 8:13am Aug 17, 2021 8:13am
We have to ask ourselves these questions below.

Are we snipers. No.

Are we traders. Yes.

Are we 100% winning all the times. No.

Are we 90% winning all the time. No.

Are we 80% winning all the time. No.

Are we 70% winning all the time. For me yes. The rest I do not know.

Are we suppose to use 50% of our margin to trade the market. No.

Are we suppose to keep some bullets if trend goes against me. Yes. And if trend goes against me I’m not afraid why because I’m still trading below my risk appetite and I do have sufficient bullets to trade.

Last but not least. This is not a get rich scheme if you want to become a consistent trader and trade full time. Go slow trade small when market is tricky and mixed.

Good luck and cheers!
10% buy 10% sell 80% waiting
  • #3,136
  • Aug 17, 2021 8:33am Aug 17, 2021 8:33am
Quoting TraderR0N
We have to ask ourselves these questions below. Are we snipers. No. Are we traders. Yes. Are we 100% winning all the times. No. Are we 90% winning all the time. No. Are we 80% winning all the time. No. Are we 70% winning all the time. For me yes. The rest I do not know. Are we suppose to use 50% of our margin to trade the market. No. Are we suppose to keep some bullets if trend goes against me. Yes. And if trend goes against me I’m not afraid why because I’m still trading below my risk appetite and I do have sufficient bullets to trade. Last but...
And I do believe that all traders including myself wants to bring in fast profits or get rich fast lol… I can understand, but does the market allow us to do so? If no than why are forcing ourself to do it and becomes more stressful.

Answer is take it slow and steady. When you know how to trade the market, automatically profits will comes in. Don’t chase to get rich, it will never happen but it will burn your account faster then getting rich.

We have to change our mindset.

Happy trading.
10% buy 10% sell 80% waiting
  • #3,137
  • Aug 17, 2021 10:11am Aug 17, 2021 10:11am
Quoting TraderR0N
We have to ask ourselves these questions below. Are we snipers. No. Are we traders. Yes. Are we 100% winning all the times. No. Are we 90% winning all the time. No. Are we 80% winning all the time. No. Are we 70% winning all the time. For me yes. The rest I do not know. Are we suppose to use 50% of our margin to trade the market. No. Are we suppose to keep some bullets if trend goes against me. Yes. And if trend goes against me I’m not afraid why because I’m still trading below my risk appetite and I do have sufficient bullets to trade. Last but...

These are really powerful words!

Thanks boss for your mentorship and guidance
  • #3,138
  • Aug 17, 2021 10:44am Aug 17, 2021 10:44am
Quoting princiano
{quote} These are really powerful words! Thanks boss for your mentorship and guidance
You’re welcome Prince.

Thank you.
10% buy 10% sell 80% waiting
  • #3,139
  • Aug 17, 2021 10:45am Aug 17, 2021 10:45am
Quoting TraderR0N
{quote} Good day everyone. Bought EURNZD and GBPNZD target achieved. {image}
Sold GBPCAD target achieved.
Attached Image (click to enlarge)
Click to Enlarge Name: 61AFE420-61B5-4D2F-92CC-7F7ACCD86D3D.jpeg Size: 1.1 MB
10% buy 10% sell 80% waiting
  • #3,140
  • Edited 10:59am Aug 17, 2021 10:46am | Edited 10:59am
Quoting TraderR0N
{quote} Sold GBPCAD target achieved. {image}
So even though if I have to close my loss for buy trade for GBPJPY, I would still win the game in overall trades.

We cannot get every trade right all the time, because we are not 100% but we trade with probabilities.

Cheers!
10% buy 10% sell 80% waiting
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