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  • #3,001
  • Apr 20, 2025 10:26pm Apr 20, 2025 10:26pm
I didn't have much time trade the first part of last week - so I got into the marked doing the easter days - and man - that was a mistake - was down 7,5% and basically got fucked over and over and over

Friday I properly should not have traded either - no volume in the marked, but I saw a setup on AUDJPY that screamed sell - so I entered with a small position and ended up scaling in 4 times - every time I made sure I did not exceed more than 1% total risk at any time.
Trade slowly started taking off - but with no volume friday it was really a thriller - but I had faith in the setup and believe that we have a good probability for a bearish period on this pair.

Today the pair took off and I ended up netting 12,5% - so the loss I had last week has been turned around to a nice 5% profit - I actually had a profit target that would have nettet another 5-6% but the pair has begun to indicate a retrace - and that pretty normal around this time of day - so I secured profit and will let the pair breath and secure some liquidity for future moves.

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  • #3,002
  • Apr 22, 2025 1:23am Apr 22, 2025 1:23am
Tuesday 22 04 2025 Trade.
Result 10R
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Your trade order needs to be in the right place at the right time.
  • #3,003
  • Apr 23, 2025 11:55pm Apr 23, 2025 11:55pm
Hello everyone, wishing you all a great day! I really like the ADR indicator by Island911 – it's very simple and effective. However, I'm currently using MetaTrader 5. Does anyone know of a similar indicator like Island911's ADR that works with MT5?
Thank you for your help!
  • #3,004
  • Apr 24, 2025 1:55am Apr 24, 2025 1:55am
Quick question: what do you do when you got a buy setup on GBPUSD and and a sell setup on EURUSD?

I figure waiting for a devalidation of one is a late entry on the other, or am I just reading the charts wrong

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  • #3,005
  • Apr 24, 2025 2:43am Apr 24, 2025 2:43am
Good afternoon. Yesterday, the USDJPY pair rose on tariff rumors. There was an opportunity to buy a pair on the rollback. Buy 142.29, stop 142.15. Profit 8R
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  • #3,006
  • Apr 24, 2025 4:57am Apr 24, 2025 4:57am
Quoting popallica34
Quick question: what do you do when you got a buy setup on GBPUSD and and a sell setup on EURUSD? I figure waiting for a devalidation of one is a late entry on the other, or am I just reading the charts wrong {image} {image}
Trade EG
Your trade order needs to be in the right place at the right time.
  • #3,007
  • Apr 24, 2025 5:09am Apr 24, 2025 5:09am
Quoting Islandfx911
{quote} Trade EG
Ah, makes sense. Thank you
  • #3,008
  • Apr 24, 2025 5:45am Apr 24, 2025 5:45am
Hi Traders,
I have taken three trades this week. Simplicity is the key to successful trading.
22 04 UJ 10R
23 04 UJ 7R
24 04 UJ 8.5R
Total 25.5

The point I would like to get across is, if you do your homework and understand the basic ebb and flow of the market you will have a higher chance of success than letting indicators get you into a trade. All indicators give you a signal after the event which means you are paying a premium on every trade you take.
Trade quality not quantity. Be highly selective. Make every trade count.

I was reading on one of the other threads and article written by Brett Steenbarger that was very interesting of which I share the same belief.
Some points to note.

1. The best path to a positive trading psychology is to align your trading with your information processing strengths.
2. Success comes, not from trading what you see, but from what you understand.
3. If we could only place one trade per morning and one per afternoon, we would have to make those trades count. That means that we would have to be highly selective.
Your trade order needs to be in the right place at the right time.
  • #3,009
  • Apr 24, 2025 9:00am Apr 24, 2025 9:00am
prior reaction 1 2 3 15 min , to 4h resistance before london session , targetting 4h next resistance
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  • #3,010
  • Apr 24, 2025 9:17am Apr 24, 2025 9:17am
Quoting AymanGMI
prior reaction 1 2 3 15 min , to 4h resistance before london session , targetting 4h next resistance {image}
hit sl but i followed my plan so no problem
  • #3,011
  • Apr 24, 2025 10:46am Apr 24, 2025 10:46am
Quoting Islandfx911
Tuesday 22 04 2025 Trade. Result 10R {image}
Dear Islandfx911
Just one question
Before your trade there was a nice impulse move
Why you choose sell over buy
My question to you because i face this situation and don't know what to choose
Thank you
And sorry for my English
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  • #3,012
  • Apr 24, 2025 1:30pm Apr 24, 2025 1:30pm
Quoting David1853
{quote} Dear Islandfx911 Just one question Before your trade there was a nice impulse move Why you choose sell over buy My question to you because i face this situation and don't know what to choose Thank you And sorry for my English {image}
I was thinking the same thing when I initially saw the post - but if you zoom like I have done in my picture below - you can see that we are at a resistance area - price initially breaks out of the resistance with a fake out and goes back down.

Had I traded this setup I would initially have lost one trade and won the next.

I have marked 4 important candles in the picture below

1: Impulse move that break resistance
2: Rejection candle back to resistance now turned support - would have triggered a buy trade
3: Impulse move back through support - takes out stoploss - perhaps at breakeven, perhaps a full loss. Know we know that the breakout was fake out - bias is now bearish.
4: Rejection candle back to support now turned resistance again - would have triggered a sell trade.

I don't know if this was what Rob did - but if you did it this way you did nothing wrong - and still would have went away with a very nice profit by the end of the day.
The reason he perhaps only did a sell, could be that the overall trend before the setup was bearish.

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  • #3,013
  • Apr 24, 2025 5:10pm Apr 24, 2025 5:10pm
Quoting David1853
{quote} Dear Islandfx911 Just one question Before your trade there was a nice impulse move Why you choose sell over buy My question to you because i face this situation and don't know what to choose Thank you And sorry for my English {image}
Easy answer is I trade the market opens. 2.45 (MT4 Terminal time) closed candle is the earliest I would place a trade. The rally up was just before my trading time this told me that the market was being pushed up ready for a sell.

You should be able to show me my trade entry on the 23rd.
Your trade order needs to be in the right place at the right time.
  • #3,014
  • Apr 24, 2025 5:45pm Apr 24, 2025 5:45pm
Quoting Islandfx911
{quote} Easy answer is I trade the market opens. 2.45 (MT4 Terminal time) closed candle is the earliest I would place a trade. The rally up was just before my trading time this told me that the market was being pushed up ready for a sell. You should be able to show me my trade entry on the 23rd.
Thank you Mr.Rob
Hope I'm right
There is also nice buy in the same day
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  • #3,015
  • Apr 25, 2025 3:12am Apr 25, 2025 3:12am
XAU Apr25 H1 London 9am

- the impulse, then the pull-back and the rejection ...

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,016
  • Apr 25, 2025 7:20am Apr 25, 2025 7:20am
I'm sure this has been discussed but I just can't find where - whats the policy on wick size of the Setup candle again?

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The big bearish candle with small wick spooked me so went to LTF to find a 1-2-3 setup but ended up giving up too much R. I guess when-in-doubt pass it and find a better setup tomorrow, as per Robs recent post: wait out those perfect setups a few times a week
  • #3,017
  • Apr 25, 2025 7:56am Apr 25, 2025 7:56am
hey , the wick size need to be 10 pips max sl if its more than 10 pips you can do an order to catch price with small sl not exceding 10 pīps ,
  • #3,018
  • Apr 25, 2025 8:04am Apr 25, 2025 8:04am
Quoting AymanGMI
hey , the wick size need to be 10 pips max sl if its more than 10 pips you can do an order to catch price with small sl not exceding 10 pīps ,
Thx for the prompt feedbac. What about the minimum size of the wick, any hard&set rule about it?
  • #3,019
  • Apr 25, 2025 8:20am Apr 25, 2025 8:20am
Quoting popallica34
{quote} Thx for the prompt feedbac. What about the minimum size of the wick, any hard&set rule about it?
not really but the wick need to be minimum consequent so we consider it as a rejection candle
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  • #3,020
  • Apr 25, 2025 8:24am Apr 25, 2025 8:24am
Quoting AymanGMI
{quote} not really but the wick need to be minimum consequent so we consider it as a rejection candle {image}
Thank you
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