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Market Structure Only- keep your charts clean

  • #961
  • Edited 9:57am Aug 24, 2021 9:42am | Edited 9:57am
My Take Profit on GBP/USD got hit, but im looking forward, that the price may go higher to the next level.

Edit: There could be also another retest on the level 1.37262, which could push the price higher.

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  • #962
  • Aug 24, 2021 10:40am Aug 24, 2021 10:40am
Went out on the USD/CAD position earlier, as the price came down to structure and had a massive wick rejection on it. As well as the trade on EUR/AUD.
But Price is coming back to a major zone, which can result to another movement to the downside. Lets see how price will react to it. Maybe there will be a potential short trade.
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  • #963
  • Edited 1:04pm Aug 24, 2021 12:03pm | Edited 1:04pm
Didn't take the trade, but this is a good example of how simple trading can be if you do it somehow correct. This is not a holy grail, it's just patience and market sctructure. Identifying the market trend is the first step you have to look out. The trend is always your friend. Going with the trend can't be incorrect. All other confluences are noted on the picture.

Edit: This was UJ M15
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  • #964
  • Aug 24, 2021 12:22pm Aug 24, 2021 12:22pm
not much available time for me so i dont scalp.i had 1 trade last week and this is my 2nd trade this week (my first was gu long yesterday for 70 pips)
today is UJ
struture based on daily
entry based on 30m
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offering my system to copy trade. check my link
  • #965
  • Aug 24, 2021 1:05pm Aug 24, 2021 1:05pm
Quoting nikosk0
not much available time for me so i dont scalp.i had 1 trade last week and this is my 2nd trade this week (my first was gu long yesterday for 70 pips) today is UJ struture based on daily entry based on 30m {image} {image}
Very nice trades
  • #966
  • Aug 25, 2021 7:52am Aug 25, 2021 7:52am
I usually try to trade during the USA pre-market session.

This is a very small scalp on M5/M1; 1/4th of my profits went to pay the commission, but time is money and this trade lasted less than one minute and offered a RRR = 1:1.
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So here, not trying to build my position on a breakout setup, but on a last stand scenario before the level was defeated (dramatic music comes here).
  • #967
  • Aug 25, 2021 9:14am Aug 25, 2021 9:14am
Quoting scherzi
I usually try to trade during the USA pre-market session. This is a very small scalp on M5/M1; 1/4th of my profits went to pay the commission, but time is money and this trade lasted less than one minute and offered a RRR = 1:1. {image} So here, not trying to build my position on a breakout setup, but on a last stand scenario before the level was defeated (dramatic music comes here).
Lol wow, Was that a 2 Pip stop? Crazy!
  • #968
  • Aug 25, 2021 9:14am Aug 25, 2021 9:14am
AUDCHF Short - 5m.
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  • #969
  • Aug 25, 2021 9:54am Aug 25, 2021 9:54am
Breakeven Saves the day!
  • #970
  • Aug 25, 2021 10:17am Aug 25, 2021 10:17am
Two nice Trade on AU and EA based on M15.
Both of them hit my take profit.
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  • #971
  • Aug 25, 2021 10:18am Aug 25, 2021 10:18am
Quoting scherzi
I usually try to trade during the USA pre-market session. This is a very small scalp on M5/M1; 1/4th of my profits went to pay the commission, but time is money and this trade lasted less than one minute and offered a RRR = 1:1. {image} So here, not trying to build my position on a breakout setup, but on a last stand scenario before the level was defeated (dramatic music comes here).
similar based off weekly on AN (structure is down but i am betting on a pullback trade, mean reversion kinda thing)

uj took me out break even and i just re-entered (my preception of it has not changed yet reason why i reentered)
Attached Image(s) (click to enlarge)
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offering my system to copy trade. check my link
  • #972
  • Aug 25, 2021 10:34am Aug 25, 2021 10:34am
btw, small tips that might help you on eu and gu (since i trade mostly those 2)

on 4hr timeframe, eu likes to make new ll's before reversing to the north
pound tends to respect previous lows instead of breaking them and going north.
examples below

so if euro is goind down, wait for it to make a new low to buy and if pound is going down wait for a retest of the low to buy (if structure is against your trade do not bet on making a higher high, just trail the trade on smaller timeframes)

hope you can understand.
zoom in to your charts and you'll see 'em
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offering my system to copy trade. check my link
  • #973
  • Aug 25, 2021 10:35am Aug 25, 2021 10:35am
Quoting Koop
AUDCHF Short - 5m. {image}
Very nice scalp trade. The overall trend was to the upside, I wanted to enter the retest on the level 0.66253, but I missed it unfortunately D:
  • #974
  • Edited 1:20pm Aug 25, 2021 1:02pm | Edited 1:20pm
Here is another analysis on AC M15.
The price may bounce on the support line/zone on 0.91639 and may continue to the upside. This is just a simple analysis to show you how simple trading can be.
You can also use the Fibonacci tool for another conformation. If the price shows us a strong wick rejection at our support level, we could potentially enter a long trade and take our take profit on the next major S/R zone. After the break of the zone, we would wait for a retest on that level and take a another continuation trade.

Edit: When trading, however, it is important to be adaptable and see what options the market will give you next. Because an analysis is an analysis and tries to foresee the future as well as possible, but it cannot foresee the future 100%. So be flexible and watch the market. That's what I learned in my journey.
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  • #975
  • Edited 8:37am Aug 26, 2021 8:25am | Edited 8:37am
Trade on CHF/SGD M15. I usually don't trade this pair but I saw a very nice set up, so I couldn't resist. Overall this trade was valid.

Edit: I wouldn't recommend trading this pair because of the spread. But this is another example, how to use market structure to take easy trades.
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  • #976
  • Edited 9:58am Aug 26, 2021 8:50am | Edited 9:58am
Analysis on EA: Price may break the S/R zone and do a retest on that level, and continue to the upside. There is a high potential that the price will reverse and change from a bear market to a bullish market. Lets see how it will go.

Edit: nice trade, it hit my take profit.
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  • #977
  • Edited 10:00am Aug 26, 2021 9:01am | Edited 10:00am
CJ analysis M15. I got stopped out on CJ today, beacuse of a long wick, but I renetered the market at 87.275. Hoping the price to coninue to the upside.

Edit: this trade hit my stop loss.
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  • #978
  • Aug 31, 2021 1:49am Aug 31, 2021 1:49am
uj doin ok but am out, took a while to move
an hit sl
new strructure on eu.
Attached Image (click to enlarge)
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offering my system to copy trade. check my link
  • #979
  • Aug 31, 2021 5:08am Aug 31, 2021 5:08am
Quoting nikosk0
ok so, i maybe misread the chart and the trade goes against me. can i somehow take advantage of it? sure. we use hard stops here and we dont risk our whole account in to a signle trade. small risks remember? what i personally do, is to add one more position of the same size and the same stop loss at the are i name as "the last stand area" so if i risked 1% in the original move for 1.5r, i practically increase my risk by 0.2-0.35% to 1.35% max and my reward to 4-5r. so instead of getting back +1.5% i get 1.5%(of the original)+1.5% of the newlly added...
Hi, I am reviewing a few posts. I have found this one.

Here is the reason why it did not work imo.

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  • #980
  • Aug 31, 2021 7:02am Aug 31, 2021 7:02am
Quoting scherzi
{quote} Hi, I am reviewing a few posts. I have found this one. Here is the reason why it did not work imo. {image}
now i percieve it as momentum lost signal.
i dont know or remember what i was thinking at the time. propably overconfidence or maybe just an example of trade management
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