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  • #2,521
  • Jan 9, 2025 6:05pm Jan 9, 2025 6:05pm
Quoting Graf2024
It was worth selling earlier {image}
Your trade order needs to be in the right place at the right time.
  • #2,522
  • Jan 9, 2025 6:06pm Jan 9, 2025 6:06pm
Quoting direction
took a loss on EU today {image} {image}
I always look for the first impulse and pullback for entry, after that you are decreasing your odds of a 7.5R winner
Your trade order needs to be in the right place at the right time.
  • #2,523
  • Edited 7:10pm Jan 9, 2025 6:08pm | Edited 7:10pm
I am monitoring AU for a short and EA for a long

OK, AU short it is. Nice clean pullback with good rejection.
As usual the market will decide.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 10 01 2025 AS 8.15am LT.png Size: 24 KB


Out of AU for -1R

Running total for week (+28)
Your trade order needs to be in the right place at the right time.
  • #2,524
  • Jan 9, 2025 7:02pm Jan 9, 2025 7:02pm
Might have missed the GJ rejection candle but also tradable.
Your trade order needs to be in the right place at the right time.
  • #2,525
  • Edited 8:32pm Jan 9, 2025 8:19pm | Edited 8:32pm
Quoting Islandfx911
Might have missed the GJ rejection candle but also tradable.
GJ Jan10

- looking at what price will do at @195 region and if possible for a 4H long swing sell next week.

- today might be too early for entry ahead of the weekend pause

- following market sentiments for a weaker GBP

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Jan09 M5 w H4 10-1-2025 10-14-59 am.png Size: 33 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,526
  • Jan 9, 2025 8:50pm Jan 9, 2025 8:50pm
Hi Em,
I actually took a long on GJ earlier on retrace. now at breakeven.
I'm not posting much more as if other traders have not grasped this by now they never will.
Have a great trading year. I look forward to you posts ;-)
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #2,527
  • Jan 10, 2025 2:42am Jan 10, 2025 2:42am
Sold GJ for a quick 5rr
Attached Image(s) (click to enlarge)
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  • #2,528
  • Jan 10, 2025 2:51am Jan 10, 2025 2:51am
Morning

Just took a short on GB US looking to get risk out.
Regards Martin
Attached Image (click to enlarge)
Click to Enlarge Name: Sold.png Size: 69 KB
  • #2,529
  • Jan 10, 2025 3:22am Jan 10, 2025 3:22am
Morning

GB US Trade just taken out at BE. So all good move onto the next one. was looking at GB JPY to short also but did not see an entry.

Regards Martin
  • #2,530
  • Jan 10, 2025 3:55am Jan 10, 2025 3:55am
Quoting costa32
Morning Just took a short on GB US looking to get risk out. Regards Martin {image}
Hi Costa,
Be aware of the market open impulse move of the day.
I find that it is good to use previous support and resistance but all the action is based on the current days activity.
You are looking for the most recent impulse and pullback, support and resistance.
Your trade order needs to be in the right place at the right time.
  • #2,531
  • Jan 10, 2025 4:11am Jan 10, 2025 4:11am
Quoting direction
Sold GJ for a quick 5rr {image} {image}
Well done
Your trade order needs to be in the right place at the right time.
  • #2,532
  • Jan 10, 2025 5:44am Jan 10, 2025 5:44am
Whilst I continue with completing the reading & taking notes - I wish to extend my gratitude to your working through tough times and passing forward.
  • #2,533
  • Jan 10, 2025 6:24am Jan 10, 2025 6:24am
Quoting Islandfx911
Levels to be aware of. {image}
Hello Island,

I am trying to work through drawing levels and understand or feel comfortable in feeling ok with most levels being taught / indicated as being appropriately placed...but not this example ...
Why is there a 2nd support zone on such as short bullish candle with a very small wick? why not just extend the top rectangle to include the lower rectangle?
Attached Image (click to enlarge)
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  • #2,534
  • Edited 6:46am Jan 10, 2025 6:32am | Edited 6:46am
Quoting Islandfx911
{quote} 3.00 is my terminal time (MT4) it is when the market first gets active. My SL got taken out on that trade, however I am back in at same price for another go . Update: 2nd trade now at breakeven.
This idea is new to me as well Island. The mindset for myself that I may need to work on... is that this is revenge trading and it is best to wait for a new setup the next day.
So how many times can we have another crack?
If I may answer the question to see if I am more or less on the right track, we can make additional trades during the same session's trading time... in the example you had shown, this would mean as many times as you like between 0300 - 0400hrs chart time during the Asian.
  • #2,535
  • Jan 10, 2025 6:45am Jan 10, 2025 6:45am
Quoting Inthebox
{quote} they just wanted a quick and easy short cut knowledge without putting in the hard work. they thought knowledge is enough not knowing that it is the daily application that matters. asking themselves why this work, why this doesn't. by far, posting is the only way to expedite their learning process. here you still have people around to correct any mistakes. but we won't be around forever. what more if you tell them to practice at least 3 to 6 months? those who listen, listen. those who do not, just let it be. just simply reflecting that there...
Still at school reading the thread. I'm coming through the process. Be there as soon as I can. Trying to prevent same Q's being repeatedly asked.
Application of the lessons is where the action needs to be, & a well understood and necessary phenomenon.
  • #2,536
  • Edited 12:56pm Jan 10, 2025 10:47am | Edited 12:56pm
GBPUSD
Buy 1.2290, sl 12285, tp +6R
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  • #2,537
  • Jan 12, 2025 7:10pm Jan 12, 2025 7:10pm
Quoting Islandfx911
Hi Em, I actually took a long on GJ earlier on retrace. now at breakeven. I'm not posting much more as if other traders have not grasped this by now they never will. Have a great trading year. I look forward to you posts ;-) Regards Rob

I got my sell at the H4 SnR 194.53


Attached Image (click to enlarge)
Click to Enlarge Name: GJ Jan10 H4 trades closed 11-1-2025 8-59-50 am.png Size: 12 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,538
  • Jan 13, 2025 1:04am Jan 13, 2025 1:04am
Quoting emmanuel7788
{quote} GJ Jan10 - looking at what price will do at @195 region and if possible for a 4H long swing sell next week. - today might be too early for entry ahead of the weekend pause - following market sentiments for a weaker GBP {image} ...

GJ Jan 13 Frankfurt Open

- a possible reaction at Daily SnR @191.52

- looking at a +3R to +5R trade

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Jan13 Daily SnR levels 13-1-2025 10-37-11 am.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Jan 13 FO Daily SnR 1915210 13-1-2025 3-01-47 pm.png Size: 32 KB





...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,539
  • Edited 4:08am Jan 13, 2025 2:41am | Edited 4:08am
I bought Gold


ps
sl worked
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_8178.png Size: 70 KB
  • #2,540
  • Edited 7:23pm Jan 14, 2025 2:36am | Edited 7:23pm
AC Long 7.5R from base of Red bar, but due to Spread and time of entry its a bit smaller RR

Trade review:

TP hit.
I feel the entry bar was identified properly, late entry and will improve upon this as we go.
RR was not the same as 7.R as I am trying to deal with my head in the Spread taking me out with pullbacks in the past couple of weeks, and then the trade hitting the TP.
29.2 : 13.5 = 2.16R

edit, entry price with wick pips at entry to the high & not including the Spread in setting SL or TP was 9R
Attached Image(s) (click to enlarge)
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