DislikedThe second trade is in the GBPUSD pair. We are making sure that the trend has changed to growth. Buy 1.26265, stop 1.26215, target 1.2650. The target is above 1.26500Ignored
- #2,282
- Edited 8:15am Nov 19, 2024 7:51am | Edited 8:15am
- Joined May 2022 | Status: Grateful for the Roulette Epiphany | 1,916 Posts
{quote} Notice how the 15 minute time frame is great for trading for the patient person
Life itself is a privilege, but to live life to the fullest is a choice
In today's session, I analyzed the NZD/USD currency pair. The price reached a key support area, which had proven reliable in the past. I noticed liquidity accumulation in this zone, indicated by brief price spikes and quick reversals. This suggested that larger market orders were being absorbed, hinting at a potential reversal.
This observation was my signal to enter a long trade. The support level provided a solid base with a favorable risk-reward setup, allowing me to place a stop-loss just below it. The reduced selling pressure further confirmed the likelihood of an upward correction, presenting a promising trading opportunity.
I'm new to this thread and like to contribute to this thread. I’m excited to share my knowledge and experiences, while also learning from all of you and gaining new insights. Engaging with you all is a great opportunity to grow together and deepen our understanding.
I took my profits on the first resistance level, as I saw rejection building up on that level.
This observation was my signal to enter a long trade. The support level provided a solid base with a favorable risk-reward setup, allowing me to place a stop-loss just below it. The reduced selling pressure further confirmed the likelihood of an upward correction, presenting a promising trading opportunity.
I'm new to this thread and like to contribute to this thread. I’m excited to share my knowledge and experiences, while also learning from all of you and gaining new insights. Engaging with you all is a great opportunity to grow together and deepen our understanding.
I took my profits on the first resistance level, as I saw rejection building up on that level.
- #2,289
- Edited Nov 21, 2024 12:24am Nov 20, 2024 8:21am | Edited Nov 21, 2024 12:24am
I was asked why I was breaking the rules of the system and what are the minute charts doing here?
Let me explain. Firstly, I am overwhelmed with delight about getting to know Rob's system.
I also like trading indices, but in liquid times the best timeframes are 1 and 3 minutes. Everything is too fast.
By the way, I also trade in illiquid times, the speeds are low there, and the 15-minute chart is just right, but then I will get a remark that I am not trading according to the system, since now the time is not right
somehow.
I just made a trade on FTSE according to all the rules, except for the trading time, I am attaching the chart, but I will try not to do this again
I also want to add, a huge thank you to the Rob, and wish him good luck.
Buy 8090, st 8085, TP 8120
Let me explain. Firstly, I am overwhelmed with delight about getting to know Rob's system.
I also like trading indices, but in liquid times the best timeframes are 1 and 3 minutes. Everything is too fast.
By the way, I also trade in illiquid times, the speeds are low there, and the 15-minute chart is just right, but then I will get a remark that I am not trading according to the system, since now the time is not right
somehow.
I just made a trade on FTSE according to all the rules, except for the trading time, I am attaching the chart, but I will try not to do this again
I also want to add, a huge thank you to the Rob, and wish him good luck.
Buy 8090, st 8085, TP 8120
- #2,290
- Edited 12:50pm Nov 20, 2024 9:01am | Edited 12:50pm
Today I was waiting for the USDJPY pair to fall. More precisely, I was waiting for a signal. I didn't wait, I accidentally looked at a pair of AUDJPY, and there is good resistance and as many as two signals. And all with a happy ending - they have fallen by 70 pips so far, this is at least 10 R. But I didn't go in, I don't break the rules anymore.
- #2,291
- Nov 21, 2024 3:38am Nov 21, 2024 3:38am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Hi Traders,
Took this trade today just for some beer money.
You don't have to be perfect with trade selection, you just have to know how the market works. There will always be a retrace / rejection candle to get into a trade.
What I have shown in this thread is don't follow the 2R heard, you have to be unique, unique in your own way. Be different to the masses and notch out your winning trading system.
Have a good one.
o'clock now
Took this trade today just for some beer money.
You don't have to be perfect with trade selection, you just have to know how the market works. There will always be a retrace / rejection candle to get into a trade.
What I have shown in this thread is don't follow the 2R heard, you have to be unique, unique in your own way. Be different to the masses and notch out your winning trading system.
Have a good one.
o'clock now
Your trade order needs to be in the right place at the right time.
- #2,292
- Nov 21, 2024 3:51am Nov 21, 2024 3:51am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #2,293
- Nov 21, 2024 3:53am Nov 21, 2024 3:53am
Hi Traders, Took this trade today just for some beer money. You don't have to be perfect with trade selection, you just have to know how the market works. There will always be a retrace / rejection candle to get into a trade. What I have shown in this thread is don't follow the 2R heard, you have to be unique, unique in your own way. Be different to the masses and notch out your winning trading system. {image} Have a good one.
entered at LO at 8.15, Big SL saved me from being stopped out on the next blue candle. Trade is at BE.
- #2,294
- Nov 21, 2024 4:11am Nov 21, 2024 4:11am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
{quote} your surgery next month?
Decided against it. I have a friend that went in for the same surgery about six weeks ago and it did not work, he is worse than before he went in to hospital.
I am tweaking medication for as long as I can then...... Well we'll cross that bridge when we get there.
I have nearly been cleaned up five times by Fremantle drivers this week while riding my bike so I might not need any future medication tweaking if they keep driving as bad as they do.
On a positive note I became a Grandparent for the first time a few days ago to a healthy 11 lb boy. We are very happy to say the least.
Trade well
Regards
Rob
Your trade order needs to be in the right place at the right time.
- #2,295
- Nov 21, 2024 4:20am Nov 21, 2024 4:20am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
{quote} Nice one. I'm currently in this EU trade {image} entered at LO at 8.15, Big SL saved me from being stopped out on the next blue candle. Trade is at BE.
Well done on your trade.
I would have entered on the close of the rejection candle.
Your trade order needs to be in the right place at the right time.
- #2,299
- Nov 21, 2024 6:09am Nov 21, 2024 6:09am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'