GC looking more interesting {image}
Successful trading is intrinsic to risk management and discipline
- #44,345
- May 17, 2024 3:01am May 17, 2024 3:01am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
Cheers Traders,
Confused sometimes while trading ? Yeah , I was too. The information on Page 1 of this thread can never be overstated. For me , it is the most significant information page on this entire thread.
Trading information on this thread can only truly be deeply appreciated IF you do have a minimum of 2 years of trading experience , preferably GOOD TRADING EXPERIENCE. Check the boxes yourself-- technical , psychological , probabilities , pivot points , swings , trends , price action , fundamentals.
Traders , have you noticed what PA does AT OR NEAR every pivot point , 99% of the time? All of these pivot points are significant hurdles for PA to overcome. WPP leads us toward a PA bias and changes throughout the week; the 38 level is a significant swing point area , don't overlook it , but , this is where your experience will play a huge part; the 61 level is far more significant than the 38 level ; the 78 level is a very significant level and more significant than the 61 level , as is the 100 level . These levels all progressively increase in difficulty and importance for the PA of a currency pair to breach and continue onward. They are all areas where PRICE has a very good likelihood of putting in a SWING FAILURE AT LEAST 1 TIME , oftentimes , multiple times.
HOWEVER , SWING FAILURES occur in MANY different areas of PA. Often between pivot points.
The chart below shows where the TREND CHANGED LAST WEEK ON THE UC. The PA pivot point was between S38 and S61 last week . On the chart this week , it shows the change exactly on the S38 level. Long term or short term , I don't know. But , I do know that any trades I take this week , should be LONG UC !!
Green pips to everyone ,
GE 
Confused sometimes while trading ? Yeah , I was too. The information on Page 1 of this thread can never be overstated. For me , it is the most significant information page on this entire thread.
Trading information on this thread can only truly be deeply appreciated IF you do have a minimum of 2 years of trading experience , preferably GOOD TRADING EXPERIENCE. Check the boxes yourself-- technical , psychological , probabilities , pivot points , swings , trends , price action , fundamentals.
Traders , have you noticed what PA does AT OR NEAR every pivot point , 99% of the time? All of these pivot points are significant hurdles for PA to overcome. WPP leads us toward a PA bias and changes throughout the week; the 38 level is a significant swing point area , don't overlook it , but , this is where your experience will play a huge part; the 61 level is far more significant than the 38 level ; the 78 level is a very significant level and more significant than the 61 level , as is the 100 level . These levels all progressively increase in difficulty and importance for the PA of a currency pair to breach and continue onward. They are all areas where PRICE has a very good likelihood of putting in a SWING FAILURE AT LEAST 1 TIME , oftentimes , multiple times.
HOWEVER , SWING FAILURES occur in MANY different areas of PA. Often between pivot points.
The chart below shows where the TREND CHANGED LAST WEEK ON THE UC. The PA pivot point was between S38 and S61 last week . On the chart this week , it shows the change exactly on the S38 level. Long term or short term , I don't know. But , I do know that any trades I take this week , should be LONG UC !!
Green pips to everyone ,
GE
"Define the risk OUT of your trade"--Mark Douglas
- #44,356
- May 23, 2024 5:26am May 23, 2024 5:26am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
Euro/gbp now at r78 back . .. waiting for new buyers... {image}
- #44,360
- May 25, 2024 4:25am May 25, 2024 4:25am
Last 3 weeks {image}
Just your forex pairs: last 3 weeks you did 70 trades with a PnL% of roughly +-0%. There is room for improvement.
What do you think was the reason for your "lack" of performance in the field of forex?
It's no critic, just a reminder for everyone including myself to self reflect on our trading, I ask myself the same and other similar questions to keep me on my path to success.
Best wishes!
Ps. You don't have to answer the question in public/here, but if you are willing to share a few thoughts its much appreciated
Muni loves you all!