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  • #21
  • Oct 7, 2025 11:15am Oct 7, 2025 11:15am
Quoting heispark
{quote} Hi, Steve Thank you very much for detailed charts. They are very helpful! By the way, what do you think of the candle in the pic below? Do you think that candle has a good provability to go up (after the candle close)? {image} I think that's when soon after Senja closed his position.... https://www.forexfactory.com/thread/...0#post15419370 Thanks,
You ask Steve but...

Looking full picture / after the fact it looks good trade. Hindsight bias - "I knew it all along effect"
But... lets look entry candle you highlighted. Do you want to take breakout into double resistance above?
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Also scale of chart changes the picture too. For me, Steve's charts look too stretched out.
I might be wrong , I have been wrong before
  • #22
  • Oct 7, 2025 11:22am Oct 7, 2025 11:22am
Quoting heispark
{quote} Hi, Steve Thank you very much for detailed charts. They are very helpful! By the way, what do you think of the candle in the pic below? Do you think that candle has a good provability to go up (after the candle close)? {image} I think that's when soon after Senja closed his position.... https://www.forexfactory.com/thread/...0#post15419370 Thanks,
Hi Justin,
It depends on the Time Frame you are watching Price.
It also depends on how Price is being Delivered.
I am glad you are finding the Charts helpful, thank you for the Feedback I wish more people would give feedback good or bad
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  • #23
  • Oct 7, 2025 11:28am Oct 7, 2025 11:28am
Quoting Mandariin
{quote} You ask Steve but... Looking full picture / after the fact it looks good trade. Hindsight bias - "I knew it all along effect" But... lets look entry candle you highlighted. Do you want to take breakout into double resistance above? {image}Also scale of chart changes the picture too. For me, Steve's charts look too stretched out.
Hi Mandarlin,
Trading on the 5 Min. I would have waited for the BoS before looking to go Long.
Thank you for the Feedback.
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  • #24
  • Oct 8, 2025 4:35am Oct 8, 2025 4:35am
Wednesday 8th Oct. 2025
GOLD
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  • #25
  • Oct 8, 2025 5:42am Oct 8, 2025 5:42am
Quoting stevepatt
Wednesday 8th Oct. 2025 GOLD {image} {image} {image}
GOLD
What Response will we get?
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  • #26
  • Oct 8, 2025 5:52am Oct 8, 2025 5:52am
Quoting stevepatt
{quote} GOLD What Response will we get? {image}
GOLD Long
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  • #27
  • Oct 8, 2025 5:53am Oct 8, 2025 5:53am
Quoting stevepatt
{quote} GOLD What Response will we get? {image}
Is this a good idea to consider a buy opportunity at this way over bought condition? It may start to feel some gravity by now......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #28
  • Oct 8, 2025 6:47am Oct 8, 2025 6:47am
Quoting heispark
{quote} Is this a good idea to consider a buy opportunity at this way over bought condition? It may start to feel some gravity by now......
Hi Justin,
You are absolutely correct, you would think I would learn to FOLLOW my PLAN by now, which is
ONE Winning Trade and STOP = +2R for the DAY
IF ONE Losing Trade = (-1R), take ONE MORE Trade, if there is another SETUP, and STOP for the DAY
This equates to either +2R, +1R, or WORST Case Scenario (-2R) for the DAY

GOLDD Long Trade Result (-50) Pips (-1R) NET for the DAY +1R
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  • #29
  • Oct 8, 2025 6:57am Oct 8, 2025 6:57am
Quoting heispark
{quote} Is this a good idea to consider a buy opportunity at this way over bought condition? It may start to feel some gravity by now......
Is there a such thing like overbought ? Its just a oscillator thing ( not market reality ) and they work in range-bound markets.
Why we start looking for top ? Why we feel urge to fight the trend ? In September only 6 down days and deepest pullback
we got was 2 day pullback. This month only 1 down day.
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I might be wrong , I have been wrong before
  • #30
  • Oct 8, 2025 7:05am Oct 8, 2025 7:05am
Quoting stevepatt
{quote} Hi Justin, You are absolutely correct, you would think I would learn to FOLLOW my PLAN by now, which is ONE Winning Trade and STOP = +2R for the DAY IF ONE Losing Trade = (-1R), take ONE MORE Trade, if there is another SETUP, and STOP for the DAY This equates to either +2R, +1R, or WORST Case Scenario (-2R) for the DAY GOLDD Long Trade Result (-50) Pips (-1R) NET for the DAY +1R {image}
Too bad your SL was hit... Perhaps your SL was a bit too tight? You were correct in general direction though.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #31
  • Oct 8, 2025 7:10am Oct 8, 2025 7:10am
Quoting Mandariin
{quote} Is there a such thing like overbought ? Its just a oscillator thing ( not market reality ) and they work in range-bound markets. Why we start looking for top ? Why we feel urge to fight the trend ? In September only 6 down days and deepest pullback we got was 2 day pullback. This month only 1 down day. {image}
I am talking about entry timing and efficiency.... Quick scalper like Senja wouldn't give a dame of course.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #32
  • Edited 7:54am Oct 9, 2025 1:30am | Edited 7:54am
Thursday 9th Oct. 2025
GOLD
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  • #33
  • Oct 9, 2025 9:01am Oct 9, 2025 9:01am
Quoting stevepatt
Thursday 9th Oct. 2025 GOLD {image}
GOLD
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  • #34
  • Oct 10, 2025 1:01am Oct 10, 2025 1:01am
Thuursday 10th Oct. 2025
GOLD
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  • #35
  • Edited 1:50am Oct 10, 2025 1:34am | Edited 1:50am
Quoting stevepatt
Thuursday 10th Oct. 2025 GOLD {image}
GOLD

Keep an eye on the Zone see how Price Reacts
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  • #36
  • Oct 10, 2025 5:00am Oct 10, 2025 5:00am
Quoting stevepatt
{quote} GOLD Keep an eye on the Zone see how Price Reacts {image}
GOLD
I took a Short Trade and got Wrong Sided. (-50) Pips (-1R)
This will happen no Method is going to Work 100% of the Time.
I do much better, long term, when I limit myself to one or two Trades a Day.
When I take a Trade I am aiming for +2R
Ideally I want one Winning Trade a Day which would be +2R for the DAY
If the first Trade Loses I can take one more Trade for the Day
The end result for the Day, with a MAXIMUM of two Trades, is either +1R or (-2R)
I find this a lot easier to Control than Scalping were I could be taking ten Trades or more a Day.
That is fine when you are Winning, but without CAST IRON Discipline can lead to ISSUES when having a Losing Day.
This is looking at it from a personal perspective, everyone is going to be different but we have to be aware of our WEAK Points and play away from them.
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  • #37
  • Oct 10, 2025 5:17am Oct 10, 2025 5:17am
Quoting stevepatt
{quote} GOLD I took a Short Trade and got Wrong Sided. (-50) Pips (-1R) This will happen no Method is going to Work 100% of the Time. I do much better, long term, when I limit myself to one or two Trades a Day. When I take a Trade I am aiming for +2R Ideally I want one Winning Trade a Day which would be +2R for the DAY If the first Trade Loses I can take one more Trade for the Day The end result for the Day, with a MAXIMUM of two Trades, is either +1R or (-2R) I find this a lot easier to Control than Scalping were I could be taking ten Trades or...
That's quite make sense to me. For the frequent short term scalping, trading cost also can really matter as it easily take out about 10%+ from your profit. Unless you have a consistently high win rate like Senja, you have a bigger chance to become a loser in the long run. To be honest, I don't expect I would be able to trade like Senja in my life... His trading skill is almost like a circus...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #38
  • Oct 10, 2025 5:24am Oct 10, 2025 5:24am
Quoting stevepatt
{quote} GOLD I took a Short Trade and got Wrong Sided. (-50) Pips (-1R) This will happen no Method is going to Work 100% of the Time. I do much better, long term, when I limit myself to one or two Trades a Day. When I take a Trade I am aiming for +2R Ideally I want one Winning Trade a Day which would be +2R for the DAY If the first Trade Loses I can take one more Trade for the Day The end result for the Day, with a MAXIMUM of two Trades, is either +1R or (-2R) I find this a lot easier to Control than Scalping were I could be taking ten Trades or...
GOLD Long
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  • #39
  • Oct 10, 2025 5:33am Oct 10, 2025 5:33am
Quoting stevepatt
{quote} GOLD Long {image}
GOLD
I've got this Trade set to BE+
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