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PA Trading with EMAs and common Sense

  • #581
  • Apr 14, 2023 12:21am Apr 14, 2023 12:21am
Quoting vvm
{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 King and it went down
thank you for the explanation vvm, now i understand your logic and why you entered - unfortunately it went the other way this time...
every minute matters!
  • #582
  • Apr 14, 2023 1:27am Apr 14, 2023 1:27am
Quoting vvm
AUD NZD H1 bought Loss, after a bearish Spike s. Chart atb vvm {image}
My take, was no trade for me personally. Double top in this case was risky because of the reasons in my H4 chart.
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  • #583
  • Apr 14, 2023 1:47am Apr 14, 2023 1:47am
s. Chart

atb vvm
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PA Trading with EMAs & common Sense
  • #584
  • Apr 14, 2023 9:28pm Apr 14, 2023 9:28pm
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...

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every minute matters!
  • #585
  • Apr 15, 2023 3:36am Apr 15, 2023 3:36am
Hi there,

Luckily I didn't do a single trade yesterday.
This was a learning Process too.

I place today 10 H1 Charts from Friday
with the Entries that I could see.

s. Charts
atb vvm
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PA Trading with EMAs & common Sense
  • #586
  • Edited 8:47pm Apr 16, 2023 8:32pm | Edited 8:47pm
Quoting vvm
Hi there, Luckily I didn't do a single trade yesterday. This was a learning Process too.
hi vvm, hopefully you got to see how the markets react to high impact news, you will get used to it after a few times

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

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every minute matters!
  • #587
  • Apr 17, 2023 3:32am Apr 17, 2023 3:32am
AUDUSD 1M

countertrend short off resistance targeting big round number
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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
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which it finally did to reach the target for a nice profit...
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best of luck for your day
every minute matters!
  • #588
  • Apr 17, 2023 7:16am Apr 17, 2023 7:16am
Gbpaud h1 buy after h1 engulf up
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  • #589
  • Apr 17, 2023 7:37am Apr 17, 2023 7:37am
Quoting TheHusla
Gbpaud h1 buy after h1 engulf up {image}
good luck, i tried to help but closed manually and too early after big gap, bugger!!!

AUDUSD 1M

short off resistance
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then again targeting big round number
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then closed too early for small profit should of stuck to original target...
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every minute matters!
  • #590
  • Apr 17, 2023 7:48am Apr 17, 2023 7:48am
Quoting TheHusla
Gbpaud h1 buy after h1 engulf up {image}
1.5R TP Hit. Nice good luck start to the week.

Wishing you guys good luck!
  • #591
  • Apr 17, 2023 8:13am Apr 17, 2023 8:13am
Quoting TheHusla
{quote} 1.5R TP Hit. Nice good luck start to the week. Wishing you guys good luck!
well done and nice trade! didn't feel so bad going long on the AUD after your win!

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...
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every minute matters!
  • #592
  • Apr 17, 2023 1:47pm Apr 17, 2023 1:47pm
Quoting niks
{quote} well done and nice trade! didn't feel so bad going long on the AUD after your win! 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... {image}
Nice trades bro, you getting them big round numbers and SnR confluence zones!
  • #593
  • Apr 18, 2023 2:05am Apr 18, 2023 2:05am
Good luck for the new day!

Possibly a liitle early this entry but still looked decent to me.

EURAUD H1 BUY
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  • #594
  • Apr 18, 2023 2:38am Apr 18, 2023 2:38am
Quoting TheHusla
Good luck for the new day! Possibly a liitle early this entry but still looked decent to me. EURAUD H1 BUY {image}
Nice push up out of LN. Risk significantly reduced to almost breakeven.
  • #595
  • Apr 18, 2023 9:53am Apr 18, 2023 9:53am
Quoting TheHusla
{quote} Nice push up out of LN. Risk significantly reduced to almost breakeven.
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
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  • #596
  • Apr 19, 2023 1:39am Apr 19, 2023 1:39am
Quoting TheHusla
{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 {image}
that's a great start to the week!

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,,,

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every minute matters!
  • #597
  • Apr 19, 2023 2:19am Apr 19, 2023 2:19am
Quoting niks
{quote} that's a great start to the week! 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,,, {image}
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!

So in this case after a MESSY day and a final push around NY close I thought it best to bank the 1.5R. Entry was good enough to leave it at B/E but you just never know mate.

3.5R is like winning two 1.5R in a row for me so it's real nice when it works.
  • #598
  • Edited 7:12am Apr 19, 2023 6:55am | Edited 7:12am
AUDUSD 1M

long off support within a range, targeting previous high around ema200 and top of range
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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
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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
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Quoting TheHusla
{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!
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...
every minute matters!
  • #599
  • Apr 19, 2023 10:12am Apr 19, 2023 10:12am
Quoting niks
AUDUSD 1M long off support within a range, targeting previous high around ema200 and top of range {image} 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 {image} 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 {image} {quote} i know that feeling very well, it's not nice! landing a bigger...
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.
  • #600
  • Apr 19, 2023 9:07pm Apr 19, 2023 9:07pm
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
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then after it failed to break below my initial entry i lifted the target anticipating a break of ema200
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but then closed manually due to price action just above original target and just below modified target
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Quoting TheHusla
{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.
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
every minute matters!
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