sjmr2 | Page 72 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: sjmr2
Exit Attachments

sjmr2

  • #1,421
  • Aug 13, 2025 12:42am Aug 13, 2025 12:42am
Quoting stevepatt
GOLD Personally I find waiting for some kind of Pull Back after Price has Broken Structure means I can use a Tighter Stop Loss. It doesn't work every time, but often after Price Breaks a Structure Point it will Return to Test the Break Out. When Scalping every Pip Counts {image}
Nice Steve, no time to make tea in that period.
  • #1,422
  • Aug 13, 2025 12:43am Aug 13, 2025 12:43am
Quoting senjamerah
{quote} Can anyone explain why I entered there?
Hi Senjamerah,
This is what I am seeing I don't know if it is how you are seeing it
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250813_06.29.png Size: 45 KB
  • #1,423
  • Aug 13, 2025 1:07am Aug 13, 2025 1:07am
Quoting stevepatt
{quote} Hi Senjamerah, This is what I am seeing I don't know if it is how you are seeing it {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB


I haven't been using trendline breakouts for a while now. Lately, I've been focusing more on horizontal lines. When I do draw trendlines, it's usually to highlight compression or expansion patterns.

I noticed two minor support levels got broken. After the price broke the second support, the next candle tried to push higher but was quickly rejected by the following candle. This tells me there's still downward momentum, so I took the chance to scalp.
  • #1,424
  • Aug 13, 2025 1:21am Aug 13, 2025 1:21am
Quoting senjamerah
{quote} Can anyone explain why I entered there?
If you mean last trade then I have story for you

First you wanted to see if price can trade though mini range area 1.
Then mini range area acted as resistance. And look that tail 2,
so many trapped buyers and candle closed almost at low.
Most buyers are in loss from entry candle and need to get out
quickly within next couple of candles.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB


Is you reasoning something like that ?
I might be wrong , I have been wrong before
  • #1,425
  • Aug 13, 2025 1:29am Aug 13, 2025 1:29am
Quoting Mandariin
{quote} If you mean last trade then I have story for you First you wanted to see if price can trade though mini range area 1. Then mini range area acted as resistance. And look that tail 2, so many trapped buyers and candle closed almost at low. Most buyers are in loss from entry candle and need to get out quickly within next couple of candles. {image} Is you reasoning something like that ?
something like that...check post #1423
  • #1,426
  • Aug 13, 2025 1:48am Aug 13, 2025 1:48am
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250813_07.28.png Size: 40 KB
  • #1,427
  • Aug 13, 2025 2:08am Aug 13, 2025 2:08am
Quoting stevepatt
GOLD {image}
How big is out stop usually ? Breakout you marked has max 1.5 point stop.
I might be wrong , I have been wrong before
  • #1,428
  • Aug 13, 2025 4:12am Aug 13, 2025 4:12am
Quoting stevepatt
GOLD {image}
Hi Steve,
I'm familiar with your trading style and you have good principles. What you said is true — we need to identify a technique that suits our character, and the next step is to fine-tune that technique until it reaches the level of accuracy we aim for. I know you're capable of doing it because you're a meticulous person. Keep up the good work!
  • #1,429
  • Aug 13, 2025 4:23am Aug 13, 2025 4:23am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB


the more u see, the more u get
  • #1,430
  • Aug 13, 2025 9:34am Aug 13, 2025 9:34am
Works with DOW ( US30 ) too.
Breakout short.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
I might be wrong , I have been wrong before
  • #1,431
  • Aug 13, 2025 10:14am Aug 13, 2025 10:14am
Breakout short - toke long but it finally got to target.
Toke class of water, perfect entry should have been one candle earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
I might be wrong , I have been wrong before
  • #1,432
  • Aug 13, 2025 10:14am Aug 13, 2025 10:14am
Quoting Mandariin
{quote} How big is out stop usually ? Breakout you marked has max 1.5 point stop.
Hi Manderine,
I aim for 15 to a Maximum of 30 Pip Stop Loss depending on Volatility.
I know the Stop was Small at that time but I am always looking for Price to Pull Back, to give me something before Entering.
It's something I am going to have to Work on.
  • #1,433
  • Aug 13, 2025 10:15am Aug 13, 2025 10:15am
GOLD Short Trade @ 3365.04
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250813_15.47.png Size: 54 KB
  • #1,434
  • Aug 13, 2025 11:27am Aug 13, 2025 11:27am
Quoting stevepatt
GOLD Short Trade @ 3365.04 {image}
GOLD Short Trade Result +90 Pips +3R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250813_17.02.png Size: 50 KB
Click to Enlarge Name: Spot Gold Mini (10oz)_20250813_17.21.png Size: 42 KB
  • #1,435
  • Aug 13, 2025 12:08pm Aug 13, 2025 12:08pm
Quoting stevepatt
{quote} GOLD Short Trade Result +90 Pips +3R {image} {image}
GOLD Observations
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250813_17.54.png Size: 31 KB
  • #1,436
  • Aug 14, 2025 12:45am Aug 14, 2025 12:45am
I didn’t trade today because I was attending a seminar. If any of you want to share your charts here, feel free to do so!
  • #1,437
  • Aug 14, 2025 1:06am Aug 14, 2025 1:06am
Attached Image (click to enlarge)
Click to Enlarge Name: 1755151413346.jpg Size: 459 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20250814-140125.jpg Size: 457 KB
  • #1,438
  • Aug 14, 2025 1:27am Aug 14, 2025 1:27am
Quoting senjamerah
{image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1755152694445.jpg Size: 465 KB

Can someone explain to me how i did it?
  • #1,439
  • Aug 14, 2025 1:32am Aug 14, 2025 1:32am
I did not trade, I was just looking at the chart after enjoying the lunch provided by the seminar organizer.
  • #1,440
  • Aug 14, 2025 2:34am Aug 14, 2025 2:34am
Breakout short with 19 tick stop.
Will it work lets see.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB


Short trades are better, you get paid quicker.
As they say, escalator up, elevator down.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
I might be wrong , I have been wrong before
1 trader viewing now