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  • #2,441
  • Jan 6, 2025 7:36am Jan 6, 2025 7:36am
Quoting S_winner
{quote} Because at this time, the exchanges where these currencies are traded open. Asia - Australian dollar, Japanese yen London - British pound , euro
Hi S_Winner,
Without energy there is no movement.
So you now know what to trade and when.
Your trade order needs to be in the right place at the right time.
  • #2,442
  • Jan 6, 2025 5:40pm Jan 6, 2025 5:40pm
Quoting SolidRockk
Okay, I believe i understand the basics. So let's see how this goes. Entry was at 0930hrs Western Australia local time = according to the rules if I have read and understood them correctly = the last bar whereby entry can be made - from (0800-0930hrs local Western Australia time = ) Entry made at 0930hrs EURAUD Long Target +52.9 : SL -23 = 2.3 : 1 R:R BE set at 1:1 {image}
BE+1 set at 1:1 automatically set. Market moved to to +40 or more so moved BE+10 after the market moved to & hit the first Resistance zone and around +40 pips. Market then pulled back hit my Stop, just, then moved into my TP target & target was hit.... in fact it went so far as to move 4:1, showing that a 2.3:1 was on the cards to be taken from the market.
Perhaps the lesson from this trade could be to set the trade and walk away and ignore the S/R zones? We will see.
Result +10
Attached Image (click to enlarge)
Click to Enlarge Name: No Indicators EURAUD m30chart 0930hrs local 6-1-25 review.PNG Size: 15 KB
  • #2,443
  • Jan 6, 2025 7:01pm Jan 6, 2025 7:01pm
Quoting emmanuel7788
{quote} BTC Jan06 update: my target @106,500ish to make my +5R 4H/Daily swing trade need to pay attention when approach 99560 4Hr SnR. {image} ...

BTC Jan07 UPDATE Tokyo10am

- today would be a good day to add-on buy entries

- watch PA at H4 SnR @102031

Attached Image (click to enlarge)
Click to Enlarge Name: BTC Jan07 H4 w M5 102031 SnR 7-1-2025 8-57-40 am.png Size: 31 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,444
  • Jan 6, 2025 8:29pm Jan 6, 2025 8:29pm
7-1-25
AUDUSD
Bearish bar with a wick close confirmed in the Support zone 1 hour before current bar of entry. Market has stayed under entry point, entry Long made.
3 :1 target set - TP/SL = 23.2 : 7
BE set at 1:1 for BE

Adjustment:
Market has moved 2 :1, so BE+1 has been implemented as per screenshot.
No more interference in trade, will let it run its course.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: No Indicators AUDUSD m30chart 0800hrs local 7-1-25 entry.PNG Size: 15 KB
Click to Enlarge Name: No Indicators AUDUSD m30chart 0800hrs local 7-1-25 BE+1 Adjustment.PNG Size: 15 KB
  • #2,445
  • Jan 6, 2025 9:27pm Jan 6, 2025 9:27pm
Today's trade.
7.5R
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 07 01 2025 1.45 (8am LT).png Size: 25 KB
Your trade order needs to be in the right place at the right time.
  • #2,446
  • Jan 6, 2025 9:42pm Jan 6, 2025 9:42pm
Quoting SolidRockk
7-1-25 AUDUSD Bearish bar with a wick close confirmed in the Support zone 1 hour before current bar of entry. Market has stayed under entry point, entry Long made. 3 :1 target set - TP/SL = 23.2 : 7 BE set at 1:1 for BE Adjustment: Market has moved 2 :1, so BE+1 has been implemented as per screenshot. No more interference in trade, will let it run its course. {image} {image}
Hi SR
Set your charts up like mine. It will be a lot easier for me to see what you are doing.
Your trade order needs to be in the right place at the right time.
  • #2,447
  • Jan 6, 2025 11:36pm Jan 6, 2025 11:36pm
Quoting Islandfx911
Hi Traders, My first trade for 2025. Details are on chart. Less than 1 hr to make 7.5R {image}
Stunning I love seeing your trades Rob
  • #2,448
  • Jan 7, 2025 1:09am Jan 7, 2025 1:09am
Just taken a long on GU. Late entry but should be good.
The correct entry was....
Buy 1.2538, SL at 1.2535 (-3) and TP at 1.25605 (+22.5) 7.5R
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07 01 2025 LOng at FO.png Size: 22 KB
Update:Trade at breakeven
Your trade order needs to be in the right place at the right time.
  • #2,449
  • Jan 7, 2025 1:17am Jan 7, 2025 1:17am
Quoting Islandfx911
Just taken a long on GU. Late entry but should be good.
Me too! Glad to be in on the same one
  • #2,450
  • Jan 7, 2025 1:21am Jan 7, 2025 1:21am
Quoting Mellifluous
{quote} Me too! Glad to be in on the same one
I hope you got a better entry than me
Your trade order needs to be in the right place at the right time.
  • #2,451
  • Jan 7, 2025 1:27am Jan 7, 2025 1:27am
Quoting Islandfx911
{quote} I hope you got a better entry than me
Lol I managed 7 pips 5.5R if it works out
  • #2,452
  • Jan 7, 2025 1:38am Jan 7, 2025 1:38am
Quoting SolidRockk
7-1-25 AUDUSD Bearish bar with a wick close confirmed in the Support zone 1 hour before current bar of entry. Market has stayed under entry point, entry Long made. 3 :1 target set - TP/SL = 23.2 : 7 BE set at 1:1 for BE Adjustment: Market has moved 2 :1, so BE+1 has been implemented as per screenshot. No more interference in trade, will let it run its course. {image} {image}
Target hit.
Good trade.
+23.2 pips at slightly more than 2.3 : 1 R:R
Attached Image (click to enlarge)
Click to Enlarge Name: No Indicators AUDUSD m30chart 0800hrs local 7-1-25 BE+1 Adjustment + final result +23 pips.PNG Size: 15 KB
  • #2,453
  • Jan 7, 2025 1:49am Jan 7, 2025 1:49am
Quoting Islandfx911
Just taken a long on GU. Late entry but should be good. The correct entry was.... Buy 1.2538, SL at 1.2535 (-3) and TP at 1.25605 (+22.5) 7.5R {image}Update:Trade at breakeven
I would never have taken that entry, so I will continue to read the thread and ascertain why that was a good S/R point to mark out on the charts.
I understand the candle pattern you used though... and a 3 pip Stop is also new to me. 3 pips is no wiggle room from my past trading ... so this method you are demonstrating will take a while to settle into I suspect.

Thank you Island for hanging around to give you inputs into what you are doing.
  • #2,454
  • Jan 7, 2025 1:56am Jan 7, 2025 1:56am
I am out of my trade at 1.25605 for a +17 (Original TP )which is not bad as I was late to the party.
The chart shows the correct place to enter as per my system and also my actual trade.
This is a good time to show why you have to enter on a rejection candle.
So if I had been less lazy today that would have been 15R for the day but we will call it as it is with the second trade being a 2R.
There was also a 7.5R trade yesterday making it 17R in two days.
How many of you are hitting those numbers with your system?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07 01 2025 Long Trade completed 3.00 LT.png Size: 23 KB
Your trade order needs to be in the right place at the right time.
  • #2,455
  • Edited 2:07am Jan 7, 2025 1:57am | Edited 2:07am
Quoting Islandfx911
{quote} Hi SR Set your charts up like mine. It will be a lot easier for me to see what you are doing.
Ah, ok. Shall do.

Is this charting screen setup acceptable for the standards you require?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7th.PNG Size: 6 KB
Click to Enlarge Name: 7.PNG Size: 6 KB
  • #2,456
  • Jan 7, 2025 2:38am Jan 7, 2025 2:38am
7 Jan 25
GU
Bearish with a wick at Support hit. Entry Long.
Target set at +23
SL set at -10 = R:R of 2.3 : 1
BE set at 1 : 1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7.PNG Size: 8 KB
Click to Enlarge Name: 7th.PNG Size: 8 KB
  • #2,457
  • Jan 7, 2025 2:42am Jan 7, 2025 2:42am
Quoting Islandfx911
Just taken a long on GU. Late entry but should be good. The correct entry was.... Buy 1.2538, SL at 1.2535 (-3) and TP at 1.25605 (+22.5) 7.5R {image}Update:Trade at breakeven
Morning Sir

Please excuse the question as I may have missed read the rules. The entry above was taken at 6.45 candle close UK Time. (Nice entry) But was it not 1 hour prior to the London open. I only ask as I did see it but was waiting for 8am.

Regards Martin
Attached Image (click to enlarge)
Click to Enlarge Name: entry.png Size: 36 KB
  • #2,458
  • Jan 7, 2025 2:50am Jan 7, 2025 2:50am
Quoting SolidRockk
{quote} Ah, ok. Shall do. Is this charting screen setup acceptable for the standards you require? {image} {image}
Hi SR, You can use any colour background you like.
Always plot H4 support and resistance on charts (Best using a faint colour)
I have my charts side by side as it is easier to see the wicks
Make sure you use the rectangle tool and plot correctly from body of candle to high or low of wick.
Attached Image (click to enlarge)
Click to Enlarge Name: FF Chart layout.png Size: 22 KB
Your trade order needs to be in the right place at the right time.
  • #2,459
  • Edited 4:08am Jan 7, 2025 2:55am | Edited 4:08am
I'm a little bit late entry and still OK.
Moved SL to +3RR.
Edit- TP Hit +7.5RR
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-01-07 151917.png Size: 32 KB
Rhythm & Discipline
  • #2,460
  • Jan 7, 2025 3:04am Jan 7, 2025 3:04am
Quoting costa32
{quote} Morning Sir Please excuse the question as I may have missed read the rules. The entry above was taken at 6.45 candle close UK Time. (Nice entry) But was it not 1 hour prior to the London open. I only ask as I did see it but was waiting for 8am. Regards Martin {image}
Hi Martin,
It just depends on market activity at these times. I have been caught out before getting in early but I don't mind because I am only risking 1R on the trade and with winners being 7.5R you can make mistakes and you will still be way in front.
You have to be fluid and flexible with your trading. Adapt to market conditions and always be prepared.
Your trade order needs to be in the right place at the right time.
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