PA Trading with EMAs and common Sense | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Common sense" trading 5 replies

Need Help with FileMove from Common Folder to Common Folder 3 replies

The right way to trading success (by common sense thinking) 11 replies

1 Minute Scalping with PA and Common Sense 6 replies

Common Sense Trading 13 replies

Attachments: PA Trading with EMAs and common Sense
Exit Attachments

PA Trading with EMAs and common Sense

  • #401
  • Mar 25, 2023 8:53am Mar 25, 2023 8:53am
Quoting niks
{quote} ye, spreads and leverage are too high for me as well, i just trade it on demo for practice... {image}
yeah, I remember trying to scalp BTC a few years back. The spreads were a killer. Then the leverage went and I just closed the pair.

It does piss me off to be honest. Regulators stop people who know what they are doing from using leverage properly yet banks are allowed to operate unsustainable business models and when the inevitable crisis comes, just get bailed out one way or another.

Leverage is only dangerous in the wrong hands but in the right hands, along with compounding, it's a gift from God! Ha!
  • #402
  • Mar 25, 2023 9:48am Mar 25, 2023 9:48am
Al Brooks
Reading Price Charts Bar by Bar
The Technical Analysis of Price Action for the Serious Trader

Trading Guidelines

8. All patterns fail, and the failures often fail, but a failed failure is a second entry in the original direction and has a high probability of success.

atb vvm
PA Trading with EMAs & common Sense
  • #403
  • Mar 25, 2023 11:55am Mar 25, 2023 11:55am
Quoting vvm
Al Brooks Reading Price Charts Bar by Bar The Technical Analysis of Price Action for the Serious Trader Trading Guidelines8. All patterns fail, and the failures often fail, but a failed failure is a second entry in the original direction and has a high probability of success. atb vvm
This is what I do with the failed engulfs. I've found this time and time again. Failed setups often give opps. The key, for me, is to find a setup that goes against structure. A really clear one and then just look for the failure. On scalping I do this quite a lot as well.
  • #404
  • Edited 11:57pm Mar 25, 2023 8:18pm | Edited 11:57pm
Quoting TheHusla
{quote} This is what I do with the failed engulfs. I've found this time and time again. Failed setups often give opps. The key, for me, is to find a setup that goes against structure. A really clear one and then just look for the failure. On scalping I do this quite a lot as well.
another excellent guideline from al brooks!

i think vvm's AUDCAD trade the other day is a perfect example of this...

Attached Image (click to enlarge)
Click to Enlarge Name: ct146.PNG Size: 19 KB
every minute matters!
  • #405
  • Mar 26, 2023 2:36am Mar 26, 2023 2:36am
Quoting niks
{quote} another excellent guideline from al brooks! i think vvm's AUDCAD trade the other day is a perfect example of this... {image}
YES! Failed H&S/QM are one of my favourite. The left shoulders ALL hold liquidity!
  • #406
  • Mar 26, 2023 4:22am Mar 26, 2023 4:22am
Quoting TheHusla
{quote} YES! Failed H&S/QM are one of my favourite. The left shoulders ALL hold liquidity!
its certainly worth watching out for them...

BTCUSD 1M (DEMO)

long off support expecting a break of ema200 to hold

here's the break...
Attached Image (click to enlarge)
Click to Enlarge Name: 8646C43B-45AA-4FE0-B412-B53CDE8AFE1C.png Size: 115 KB


and then the hold!
Attached Image (click to enlarge)
Click to Enlarge Name: B08D3670-51B3-47FE-A18C-3E6F76CC5572.png Size: 106 KB
every minute matters!
  • #407
  • Mar 26, 2023 11:37pm Mar 26, 2023 11:37pm
Hi there,

new Day new Luck!

atb vvm
PA Trading with EMAs & common Sense
  • #408
  • Mar 27, 2023 2:03am Mar 27, 2023 2:03am
Quoting vvm
Hi there, new Day new Luck! atb vvm
hi vvm, you always share the right luck!

AUDUSD 1M

trend continuation pullback long, pullback went a LOT deeper than i expected! cost averaged at support levels

Attached Image (click to enlarge)
Click to Enlarge Name: ct149.PNG Size: 11 KB


at this point its in small profit, this is the HARDEST time to hold...
Attached Image (click to enlarge)
Click to Enlarge Name: ct150.PNG Size: 10 KB


and this is the reason why, back to deep drawdown after being in profit...

Attached Image (click to enlarge)
Click to Enlarge Name: ct151.PNG Size: 9 KB


so anyway, the end result was positive with a nice profit

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB


however, had i held longer, into the "liquidity zone" that's it's now in, it could of been a lot better...

i missed the inverted head and shoulder this time and didn't anticipate the break that it produced, that is why situational awareness is so important - i let that huge profit slip due to a lack of it

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB



best of luck for the day
every minute matters!
  • #409
  • Mar 27, 2023 4:08am Mar 27, 2023 4:08am
GOLD 1M (DEMO)

short off resistance targeting a break and hold of ema200 down to next support level

Attached Image (click to enlarge)
Click to Enlarge Name: D0C1F3F0-B7C3-445C-A1C4-0855D4A8EF59.png Size: 114 KB
every minute matters!
  • #410
  • Edited 6:19am Mar 27, 2023 4:28am | Edited 6:19am
AUDUSD 1M

long off support targeting a return to ema200

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB


it got there and closed manually, i was going to trail if it broke, too risky to hold otherwise

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB



then a missed opportunity, after failing to break ema200 the first time, i expected the same the second time but failed to pull the trigger...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB


and one last trade - entry long anticipating break of ema200. it didn't hold, then cost averaged expecting bounce back to ema200 at some point, and closed with decent profit when it returned...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
every minute matters!
  • #411
  • Mar 27, 2023 8:35am Mar 27, 2023 8:35am
GBPUSD H1 Bought
Now moved SL to BE
s. Chart

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 327-1.jpg Size: 162 KB
PA Trading with EMAs & common Sense
  • #412
  • Mar 27, 2023 9:38am Mar 27, 2023 9:38am
Quoting vvm
GBPUSD H1 Bought Now moved SL to BE s. Chart atb vvm {image}
Nice one man. I saw the entry but couldn't take the trade as was going into a major zone. That reaction we saw at NY open was to the zone I was watching. I wasn't sure how big the pullback could be so had to wait. Then when the pullback was confirmed as over I couldn't find an entry long. It went too fast for me. Nice one though. Structure was nice on this.
  • #413
  • Mar 27, 2023 12:57pm Mar 27, 2023 12:57pm
EU H1, now at breakeven. Going for price to go back to do break and re-test. Not overly hopeful but zero risk so let's see.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 165 KB
  • #414
  • Mar 27, 2023 2:05pm Mar 27, 2023 2:05pm
Quoting TheHusla
EU H1, now at breakeven. Going for price to go back to do break and re-test. Not overly hopeful but zero risk so let's see. {image}
good luck mate

s. Chart

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 327-3.jpg Size: 144 KB
PA Trading with EMAs & common Sense
  • #415
  • Edited Mar 28, 2023 3:11am Mar 27, 2023 8:27pm | Edited Mar 28, 2023 3:11am
AUDUSD 1M

irresistible pin bar reversal off resistance targeting ema50

Attached Image (click to enlarge)
Click to Enlarge Name: ct152.PNG Size: 9 KB



almost reached ema50, closed manually

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB




then a bit of failed greed to fuel the passion!

entered long at bottom of tight range originally targeting the top of the range
Attached Image (click to enlarge)
Click to Enlarge Name: ct153.PNG Size: 9 KB


then got greedy and lifted target expecting a break...
Attached Image (click to enlarge)
Click to Enlarge Name: ct155.PNG Size: 10 KB


and ended in BE, bugger...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
every minute matters!
  • #416
  • Mar 28, 2023 1:08am Mar 28, 2023 1:08am
Quoting vvm
{quote} good luck mate s. Chart atb vvm {image}
Cheers, was a crawler but made it to TP overnight.
  • #417
  • Mar 28, 2023 2:47am Mar 28, 2023 2:47am
Hi there,

new Day new Luck

CADJPY H1 bought
a very simple Setup

s. Chart
atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 328-1.jpg Size: 174 KB
PA Trading with EMAs & common Sense
  • #418
  • Mar 28, 2023 3:02am Mar 28, 2023 3:02am
Quoting vvm
Hi there, new Day new Luck CADJPY H1 bought a very simple Setup s. Chart atb vvm {image}
very simple and very nice setup, target looks good, maybe a touch high and stop looks safe - hope it gets there!
every minute matters!
  • #419
  • Mar 28, 2023 3:18am Mar 28, 2023 3:18am
Cheers Mate
atb vvm
PA Trading with EMAs & common Sense
  • #420
  • Mar 28, 2023 3:47am Mar 28, 2023 3:47am
NZDUSD H1 SOLD

Chart attached.

The H1 candle took liquidity right at supply and left a big wick. Classic sell signal. The leg up looks clean (all green candles up) which means price usually needs to pullback.

The problem here was the range. The blue box is the clear range I can see. There is a zone there. Once it gets there I don't know what will happen so SL is pretty much at breakeven. Let's see.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
0 traders viewing now