finally a 1:6 successful trade after 3 months of practice , gained me confidence , looking forward for future days ! alhamdulilah
Attached Image (click to enlarge)
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- #3,144
- May 21, 2025 6:49pm May 21, 2025 6:49pm
- Joined Jun 2015 | Status: Trader | 1,340 Posts
DAX 5m
Don't accept 1R returns when you can get so much more.
Don't accept 1R returns when you can get so much more.
Your trade order needs to be in the right place at the right time.
An interesting case-study of EURUSD for today:
- HTF (W1) - bounce from resistance, flipzone established ( graybox ). Another leg down would be reasonable to expect instead of just plowing right up to high test
- MTF (4h) - Consolidation at the open on resistance
- LTF (15m) - Clear retest of flipzone and resistance line at 8am London open
- LTF ( 30m ) - A 2nd shot albeit 30m post OP's method (10am) and a big wick but I feel the spirit of the move is the same. Again, flipzone retest
- HTF (W1) - bounce from resistance, flipzone established ( graybox ). Another leg down would be reasonable to expect instead of just plowing right up to high test
- MTF (4h) - Consolidation at the open on resistance
- LTF (15m) - Clear retest of flipzone and resistance line at 8am London open
- LTF ( 30m ) - A 2nd shot albeit 30m post OP's method (10am) and a big wick but I feel the spirit of the move is the same. Again, flipzone retest
eurusd entry on new york session hit 7.6 rr but i took only 1:6 because i did put my sl a bit higher , grateful lhamdolilah {image}
I feel the HTF analysis is very important, not only because it gives confidence needed to hold the trade and enter with aggressive SL placement, but also to filter out the perfect setups - going the wrong way. For example, on 15min you had a bottoming pattern at proven HTF support, 1pip liquidity sweep, change of structure with a 1-2-3 pattern and a flip zone ( indicated with gray box ). As confluences go, that pretty much ticks all the boxes - but still failed due to HTF narrative
- #3,149
- May 22, 2025 8:04pm May 22, 2025 8:04pm
- Joined Jun 2015 | Status: Trader | 1,340 Posts
AJ Long
Trade at +2
Trade at +2
Your trade order needs to be in the right place at the right time.
- #3,153
- May 23, 2025 2:33am May 23, 2025 2:33am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
AU 1hr
I have moved the TP to next level of resistance. This will be 11R trade if TP reached. The initial SL was -3, you don't need to trade with large stops.
SL moved to +9
I have moved the TP to next level of resistance. This will be 11R trade if TP reached. The initial SL was -3, you don't need to trade with large stops.
SL moved to +9
Your trade order needs to be in the right place at the right time.
- #3,154
- Edited May 24, 2025 12:32am May 23, 2025 4:12am | Edited May 24, 2025 12:32am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
SL moved up to (+15) 5R
It's a good result to end the week. It will be a bonus if it hits 11R TP.
Just needs to smash through resistance (previous high)
Update: 11R reached
It's a good result to end the week. It will be a bonus if it hits 11R TP.
Just needs to smash through resistance (previous high)
Update: 11R reached
Your trade order needs to be in the right place at the right time.
- #3,155
- May 23, 2025 4:35am May 23, 2025 4:35am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
AU 1hr {image} I have moved the TP to next level of resistance. This will be 11R trade if TP reached. The initial SL was -3, you don't need to trade with large stops. SL moved to +9 {image}
May I know your context of going long there? I did spot the level as a LVL and shorted the 8.45 closed rejection candle (15m) and eventually got stopped out.
Success = Practice + Patience + Persistence
- #3,157
- May 23, 2025 5:12am May 23, 2025 5:12am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
{quote} Hi Rob, May I know your context of going long there? I did spot the level as a LVL and shorted the 8.45 closed rejection candle (15m) and eventually got stopped out. {image}
Have a look at the following charts and all will be revealed.
To start with these charts are the same trade just shown on the 15m and 1hr.
I want to show how you similar my systems are and how easy it is to trade.
The 15m chart is a close inside the band at LO (the 9.45 Close bar)
The 1hr chart is a rejection candle at LO
Both scenarios used a retest of support in the form of a prior low / stops being taken out as per details on chart.
Next chart is the 15m line chart which is essential if you want to get the right entry at the right time.
The chart shows the 15m pull back prior to LO and a rejection candle where I have put Buy 26 on the chart.
Just to point out that many traders would be looking at the rejection candle (Blue one) just before the open and say to themselves the market has rejected higher prices therefore Sell. This is the trick played on traders so the buy orders can be filled before a rally.
The 15m pullback entry is from this thread and I have discussed it in detail.
The close inside band trade is the same as the 1hr rejection candle trade.
I hope this clears everything up regarding how I trade.
Your trade order needs to be in the right place at the right time.
- #3,158
- May 23, 2025 5:13am May 23, 2025 5:13am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Your trade order needs to be in the right place at the right time.
- #3,159
- May 23, 2025 8:36am May 23, 2025 8:36am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Your trade order needs to be in the right place at the right time.
