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Attachments: Volman Style (70-tick chart)
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Volman Style (70-tick chart)

  • #661
  • Aug 21, 2023 10:57am Aug 21, 2023 10:57am
Thank my men !
  • #662
  • Aug 21, 2023 11:18am Aug 21, 2023 11:18am
Hello Guys, Hope you are doing great.
Today's chart
1. USD/JPY, BB Below 40 level, the trade was scratched with a minimal loss at entry, there was a small Mm forming after entry so I resolved to get out.
2. USD/JPY, after the scratch I was still looking for an opportunity to buy. But I didn't notice the Mm forming which was a short pattern in my opinion, what do you think guys?
Attached Image(s) (click to enlarge)
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  • #663
  • Aug 21, 2023 11:20am Aug 21, 2023 11:20am
Quoting Eurusdforex
Hello guys ! hope everybody are great! Welcome aboard to KAMUNTU ! If we start to get some other traders right here i will be back too with my charts On my side i trade all days but I had stopped to post my charts because except my men GC FInance nobody was there... But lets go and try to see whats next week bring to us all together
GC Finance is a real guy,.. and I've been looking at your charts Eurusdforex, you are such a great trader and I hope we grow together as traders
  • #664
  • Aug 21, 2023 11:31am Aug 21, 2023 11:31am
Hello guys! So happy to see a lot of people here!

Welcome back Kamuntu! Happy to hear from you, I hope you're doing well! And thank you for the compliment in the last post!

I'm currently on holidays but I will answer you all more in details when I come back enjoy your trading guys!
  • #665
  • Aug 21, 2023 11:45am Aug 21, 2023 11:45am
Hello Kamuntu its sure that we will all grow together it will be really cool to exchange ours charts and take some tips of other traders who trade similar then me ! And by the way thanks to taking your time to check my charts im happy if you like it.

There we go for the second trade of the day. Little bit risky due to the last Tease (block), but it was like a 3 pips stoploss so im ok with this. notice that during the bears swing (this morning) buills didnt retest 00 level. so when i saw that bears cant crack 80 and bulls start to buildup a little bit.. with some higher low it was excpected that price will retry to attack 00. not much volume during lunch hour but taking a setup ''long'' on the low of the session with buildup is always welcome on my side... my TP was the 00 maggnet (dont be greedy). done day for me ! but still watching like always !
Attached Image (click to enlarge)
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  • #666
  • Aug 21, 2023 12:11pm Aug 21, 2023 12:11pm
And for your 2 trades my friend, there is only my opinion

1: was duable. but you clearly get a 40 level rejection before so really nice to be fast to scratch if it doesnt pop like you want.
2: it would be agressive because market was bullish but with the 40 rejection (bulls demoralization) probably 20 was the next destination!

I put you a charts for your trade (the first one) i think is the one that you take. This is what i see with some explications. It was duable.
Attached Image (click to enlarge)
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  • #667
  • Aug 21, 2023 1:32pm Aug 21, 2023 1:32pm
In my opinion the whole uptrend was not that strong. It had many pullbacks and sideways action. This makes continuation less likely.

I would say 12.10 horizontal pullback looks better, but it also has a double bottom to the left.

However 11.50 IRB to the downside looks nice. It is at the top of the range and there were many false highs prior to it (price got rejected by 40 and failed to even reach it afterwards). And the stop above last false high would not be very big. I agree with EURUSDforex that 20 level pull is likely.
  • #668
  • Aug 21, 2023 1:42pm Aug 21, 2023 1:42pm
It coincided I had this chart open. This is one of Volman's charts. You can see that price traveled about 25 pips after it broke out at the RB. It had very small pullbacks and little sideways action. As in Kumuntu's chart, price got rejected from resistance. But it happened once and it was one directional move.
Attached Image (click to enlarge)
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  • #669
  • Aug 22, 2023 8:06am Aug 22, 2023 8:06am
GOOD MORNING FOLKS! THERE IS THE FIRST TRADE FOR ME TODAY. Text book trade (i think)
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  • #670
  • Aug 22, 2023 8:23am Aug 22, 2023 8:23am
Trade number 2. scratch with +2pips. adverse buildup and no crack of 60 level..
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  • #671
  • Aug 22, 2023 8:50am Aug 22, 2023 8:50am
There we go with trade number 3... my first exit earlier was little bit fast but the market was on the low of the session so always tricky but here clearly bears aim the 50 level so there we go to get a 6 pips ride. agressive but duable... feel free to comment
Attached Image (click to enlarge)
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  • #672
  • Aug 22, 2023 2:32pm Aug 22, 2023 2:32pm
Very nice trades @Eurusdforex , concerning your scratch, I would have done the same,.. seeing a double bottom just above a round number when you are in trade is not a good sign. I always get out of trades like that.

Concerning my day,.. I had a terible day, I would love to blame the market but I have a lot to improve, to put it in other words that was a nice day cause I learnt a lot.
I've been trading the GBPJPY, USDJPY, GBPUSD and EURUSD. Why? Bcs I trade a small account and I want as many opportunities as possible, But that was a losing strategy since I find myself chasing the market more often and trying to maximize my profits when there was a clear exit, you will see that in Today's charts.
Here is what I resolved to do, I won't trade again the GBPJPY, It's a quite volatile pair and examining my motivations to trade the pair I find out that getting big wins comes first, that's not good, that's greed.
I will keep the EURUSD, USDJPY and GBPUSD for now, They move quietly and I'm less prone to entering premature trades on those pairs since Things are not as fast as in the GBPJPY.

That being said here are my charts for the day.
  • #673
  • Edited 3:24pm Aug 22, 2023 2:43pm | Edited 3:24pm
Quoting Eurusdforex
And for your 2 trades my friend, there is only my opinion 1: was duable. but you clearly get a 40 level rejection before so really nice to be fast to scratch if it doesnt pop like you want. 2: it would be agressive because market was bullish but with the 40 rejection (bulls demoralization) probably 20 was the next destination! I put you a charts for your trade (the first one) i think is the one that you take. This is what i see with some explications. It was duable. {image}


Thanks so much Eurusdforex and Yarek for your feedback

that being said here are my trades for the day.

GBPJPY, both losers and I would have won hadn't been for my greed, first chart, was a IRB in the 00 level, on the first entry i got stopped out by the spike at 1, I re entered just after and the trade took off rather nicely, my TP was at 186.15, funny that prices hit that but I ended up exiting manually, I find that my broker doesn't stop my trade at the exact price where I set my TP or SL, so now I will resolve to be getting out manually.

Second trade on the GBPJPY, prices hit the 60 level but I had aimed for 10 pips,.. getting out in the 60 was defensible, now I know what to do.
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  • #674
  • Aug 22, 2023 3:05pm Aug 22, 2023 3:05pm
USD JPY,... RB but scratched with a small profit.
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  • #675
  • Aug 22, 2023 3:08pm Aug 22, 2023 3:08pm
EURUSD, first chart a continuation trade but badly placed in the 50 level, I guess that was the reason it don't workout.
Second chart I anticipated prices to break from the 40 but I got out just after entry.
Attached Image(s) (click to enlarge)
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  • #676
  • Aug 22, 2023 3:11pm Aug 22, 2023 3:11pm
GBPUSD
First chart is an IRB
second chart there is 2RB both failled to break the 40 level

That was it for the day,.. your feedbacks are welcomed guys
Attached Image(s) (click to enlarge)
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  • #677
  • Aug 22, 2023 3:14pm Aug 22, 2023 3:14pm
Quoting Eurusdforex
There we go with trade number 3... my first exit earlier was little bit fast but the market was on the low of the session so always tricky but here clearly bears aim the 50 level so there we go to get a 6 pips ride. agressive but duable... feel free to comment {image}
That was a nice trade Eurusdforex. After seeing it I realized that Prorealtime charts have a lot of bars being printed, so to be able to match that so that I won't miss rather miss good setups deeming them for premature, I set my tick count to 40 and 50 instead of 70.
  • #678
  • Aug 23, 2023 3:49am Aug 23, 2023 3:49am
Quoting Eurusdforex
There we go with trade number 3... my first exit earlier was little bit fast but the market was on the low of the session so always tricky but here clearly bears aim the 50 level so there we go to get a 6 pips ride. agressive but duable... feel free to comment {image}
Hi! Sorry for the late reply. You second trade scratch was a good thing to do. I think most of us after seeing triple bottom in the 20 level support would have done the same thing. Pullback was quite shallow in comparison with the earlier move. But there also was a little block to the left that might have provided resistance (support to the short) in case price pulled back. I think better entry could have been below that small 5 bar range immediately after trendline break. Overall trades were nice, profit is nice and I also like how good squeeze on the ARB was.
  • #679
  • Aug 23, 2023 4:07am Aug 23, 2023 4:07am
Quoting Kamuntu
GBPUSD First chart is an IRB second chart there is 2RB both failled to break the 40 level That was it for the day,.. your feedbacks are welcomed guys {image} {image}
Speaking of the 2 RB's, I think the upper range barrier (signal line) was drawn incorrectly. There were 2 rejections of 40 level and it formed head and shoulders. This pattern will provide resistance until it is cleared. If you set your range barrier to the 40 level, breakout of that barrier would mean resistance is already cleared. And it might even work as a support to your long afterwards. Also pay attention to the volume. I can see that at the end of the chart it started decreasing and bars took longer and longer to form. This always means that follow through is less likely. I would advise you to look at Bob's charts at your free time . He is more experienced than any of us here. It also helped me a lot. If I tried trading before I analyzed those charts, my account would have been blown the very first day
  • #680
  • Aug 23, 2023 4:27am Aug 23, 2023 4:27am
Quoting Kamuntu
{quote} Thanks so much Eurusdforex and Yarek for your feedback that being said here are my trades for the day. GBPJPY, both losers and I would have won hadn't been for my greed, first chart, was a IRB in the 00 level, on the first entry i got stopped out by the spike at 1, I re entered just after and the trade took off rather nicely, my TP was at 186.15, funny that prices hit that but I ended up exiting manually, I find that my broker doesn't stop my trade at the exact price where I set my TP or SL, so now I will resolve to be getting out manually....
These trades look pretty good. I would prefer better squeeze, to be honest. Speaking of second trade, this block (range) was pretty narrow. It is a good enough reason to take profit in the support (resistance to the short). But if it was wider, like the one before it, there would be no need for taking profits earlier than needed. You also mentioned that broker did not exercise your take profit on the first trade. It's probably because of the spread. Price has to be greater than the current price by the size of spread. Same on the other side, with your stop loss. A way to avoid this would be to adjust your TP and SL or sign up for an IC markets raw spread account if you have not already done so. Good luck !
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