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Quoting Graf2024
It was worth selling earlier {image}
Your trade order needs to be in the right place at the right time.
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.
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.
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Out of AU for -1R

Running total for week (+28)
Your trade order needs to be in the right place at the right time.
Might have missed the GJ rejection candle but also tradable.
Your trade order needs to be in the right place at the right time.
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

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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.
Sold GJ for a quick 5rr
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Morning

Just took a short on GB US looking to get risk out.
Regards Martin
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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
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.
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.
Whilst I continue with completing the reading & taking notes - I wish to extend my gratitude to your working through tough times and passing forward.
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?
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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.
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.
GBPUSD
Buy 1.2290, sl 12285, tp +6R
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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


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
I bought Gold


ps
sl worked
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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
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