{quote} Hi there new Day new Luck, niks about Ur Post IMHO U are right about this Climax {quote} but TL BO is very weak Normally the Market try to make a Retest of the old Extreeme @ first makes new HH or new LH and then makes a new DownLeg or a new Correction But we have to think always mit Probability Terms, in this Fall has my Setup 60% to go Up and 40% to go Down The Market is the Kingand it went down
- Joined Dec 2022 | Status: Member | 1,006 Posts
AUDUSD 1M
yesterdays post news trades ended with a small loss - mostly because i was undecided, but ultimately due to bad luck!
in this sequence, i started BE after a big gap down, then stopped out for a loss trying to go long again, then went short and took a small win and then i tried to be smart, gotta stop doing that!
i opened a short and long at the same time and set equal SL's either end hoping that one would hit and the other would run for profits - well the market was unkind and stopped both out before making the big move, a slightly higher SL would of done the trick, but wasn't to be this time...
yesterdays post news trades ended with a small loss - mostly because i was undecided, but ultimately due to bad luck!
in this sequence, i started BE after a big gap down, then stopped out for a loss trying to go long again, then went short and took a small win and then i tried to be smart, gotta stop doing that!
i opened a short and long at the same time and set equal SL's either end hoping that one would hit and the other would run for profits - well the market was unkind and stopped both out before making the big move, a slightly higher SL would of done the trick, but wasn't to be this time...
- Joined Dec 2022 | Status: Member | 1,006 Posts
Hi there, Luckily I didn't do a single trade yesterday. This was a learning Process too.
i just practiced with bitcoin over the weekend, it was very slow but i'm noticing it also respects support and resistance very well, so i play it both ways!
BTCUSD 1H (DEMO)
in the middle of a range i place buy and sell orders with targets on either end, once volume picks up like this morning, it can strike both ends! however, two of my buy orders suffered major slippage and ended in a loss, but overall, the pip haul was great, its a very risky pair to trade
- Joined Dec 2022 | Status: Member | 1,006 Posts
AUDUSD 1M
countertrend short off resistance targeting big round number
thought it was going to be a quick one, i was wrong, so short again after price continued moving up into a range and lowered the target anticipating a nice break of big round number
which it finally did to reach the target for a nice profit...
best of luck for your day
countertrend short off resistance targeting big round number
thought it was going to be a quick one, i was wrong, so short again after price continued moving up into a range and lowered the target anticipating a nice break of big round number
which it finally did to reach the target for a nice profit...
best of luck for your day
- Joined Dec 2022 | Status: Member | 1,006 Posts
Gbpaud h1 buy after h1 engulf up {image}
AUDUSD 1M
short off resistance
then again targeting big round number
then closed too early for small profit should of stuck to original target...
- Joined Dec 2022 | Status: Member | 1,006 Posts
{quote} 1.5R TP Hit. Nice good luck start to the week.Wishing you guys good luck!
but i think my timing is a bit off today, oh well
AUDUSD 1M
long off support, targeting between ema50 and ema200, then tried trailing the stop and lifted the target anticipating a break of ema200, but got stopped out for small profit...
- Joined Dec 2022 | Status: Member | 1,006 Posts
{quote} After the last push there was no reason not to take profits so put the SL to +1.5R and left the TP at +3.5R. Price came down and took me out at 1.5R. 2/2 this week. Good luck this week so far
just looking at this one it appears it stopped you out at 1.5R before moving onto target, but it was very up and down and tough to call, so a positive result in the end is all that matters,,,
- Joined Dec 2022 | Status: Member | 1,006 Posts
AUDUSD 1M
long off support within a range, targeting previous high around ema200 and top of range
it broke through bottom of range, would of cost averaged if it held but it didn't...
but it formed an inverted head and shoulders instead, so i lifted the target anticipating a break of the neckline
which it did turning a small profit into a nice profit! probably should of held longer though, my original target was a bit higher but closed manually instead
i know that feeling very well, it's not nice! landing a bigger than expected profit every now and then makes up for it i guess...
long off support within a range, targeting previous high around ema200 and top of range
it broke through bottom of range, would of cost averaged if it held but it didn't...
but it formed an inverted head and shoulders instead, so i lifted the target anticipating a break of the neckline
which it did turning a small profit into a nice profit! probably should of held longer though, my original target was a bit higher but closed manually instead
{quote} haha yeah, just saw that. My 3.5R trades are rare and a lot of times they just reverse on me and end in breakeven with me wishing I had just taken 1.5R!
- Joined Dec 2022 | Status: Member | 1,006 Posts
AUDUSD 1M
switched computer on and once the chart presented itself i instantly hit the buy button out of instinct!
long off support and big round number targeting ema200
then after it failed to break below my initial entry i lifted the target anticipating a break of ema200
but then closed manually due to price action just above original target and just below modified target
yes it did, it would of been nice if i caught it, still, i was pleased i took advantage of the pattern that formed to maximise my original profit target
switched computer on and once the chart presented itself i instantly hit the buy button out of instinct!
long off support and big round number targeting ema200
then after it failed to break below my initial entry i lifted the target anticipating a break of ema200
but then closed manually due to price action just above original target and just below modified target
{quote} This really went. Shame you didn't hold a little longer but nice one. No trades for me today. Had one pending but it didn't get filled.