Justin's Playground | Page 192 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple Playground 2 replies

P's playground 7 replies

Playground Price action 2 replies

Attachments: Justin's Playground
Exit Attachments

Justin's Playground

  • #3,821
  • Oct 16, 2025 10:34pm Oct 16, 2025 10:34pm
Quoting heispark
Not very good start today.... Market is still nervous. Considering current price and situation, it's understandable.... 2 wins, 2 losses. A bit red in PnL. I better go to bed now. It's not very good condition to trade. {image}
Made one more trade and managed to turn it black.... Not very efficient any way. I had to be more selective. Done for the Asian session. Time to have some sleep...
Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-17 12 29 25.png Size: 128 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,822
  • Oct 17, 2025 5:41am Oct 17, 2025 5:41am
Quoting heispark
{quote} Made one more trade and managed to turn it black.... Not very efficient any way. I had to be more selective. Done for the Asian session. Time to have some sleep... {image}
I am done for today and this week. Market is all the way choppy with narrow consolidation. I don't have a skill to trade under this lousy condition. Perhaps gold is not very good asset to trade for the time being?
I had mostly losing trades but PnL is still positive due to one mistake trade which ended up positive (I accidentally traded normal sized gold instead of micro).
Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-17 19 33 18.png Size: 149 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-17 19 35 04.png Size: 39 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,823
  • Oct 17, 2025 6:46am Oct 17, 2025 6:46am
Quoting heispark
{quote} I am done for today and this week. Market is all the way choppy with narrow consolidation. I don't have a skill to trade under this lousy condition. Perhaps gold is not very good asset to trade for the time being? I had mostly losing trades but PnL is still positive due to one mistake trade which ended up positive (I accidentally traded normal sized gold instead of micro). {image} {image}
Hi Justin,
The first chart is GOLD from the 17th July, the second is today.
Today's Volatility is Huge in Comparison and not so easy to Trade without using much Bigger Stops and Targets
Hope you have a good Weekend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251017_12.24.png Size: 35 KB
Click to Enlarge Name: Spot Gold (£1 Contract)_20251017_12.40.png Size: 32 KB
  • #3,824
  • Oct 17, 2025 9:12am Oct 17, 2025 9:12am
Quoting heispark
{quote} I am done for today and this week. Market is all the way choppy with narrow consolidation. I don't have a skill to trade under this lousy condition. Perhaps gold is not very good asset to trade for the time being? I had mostly losing trades but PnL is still positive due to one mistake trade which ended up positive (I accidentally traded normal sized gold instead of micro). {image} {image}
In retrospect, it was obvious it was making a narrowing pennant pattern and a breakout was imminent. However, market was wild and I was already fed up with this PA by that time and just walked away. I had to focus on A+ setups with patience. Perhaps, lowering leverage could help in a day like this. Basically, general direction I selected was correct. Doing some postmortem study....

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-17 23-02-37.jpg Size: 2.1 MB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,825
  • Oct 17, 2025 9:21am Oct 17, 2025 9:21am
Quoting heispark
{quote} In retrospect, it was obvious it was making a narrowing pennant pattern and a breakout was imminent. However, market was wild and I was already fed up with this PA by that time and just walked away. I had to focus on A+ setups with patience. Perhaps, lowering leverage could help in a day like this. Basically, general direction I selected was correct. Doing some postmortem study.... {image}
How did I do that? When you follow EMA rainbow (the range is your choice) or Guppy, you're generally in the right direction. Also, CCI slingshot pattern could be an odd enhencer upon EMA contraction. The question is always 'timing'..... I am trying to find a key to the timing in PA reading skill......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,826
  • Oct 19, 2025 7:00pm Oct 19, 2025 7:00pm
Believe or not another mistake trade gave me a windfall on early Monday trading. I almost sold two normal contracts by mistake! When I juggle between normal and micro contracts, it's quite confusing time to time. I should be more careful next time.

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-20 08 56 53.png Size: 88 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,827
  • Oct 19, 2025 7:34pm Oct 19, 2025 7:34pm
Quoting heispark
Believe or not another mistake trade gave me a windfall on early Monday trading. I almost sold two normal contracts by mistake! When I juggle between normal and micro contracts, it's quite confusing time to time. I should be more careful next time. {image}
When EMA is contracted, that's easier to trade. Your SL is smaller and your potential target is bigger. Under the orange colored box in the picture below, momentum is getting weaker and as a result, your SL becomes bigger and your potential target becomes smaller. That's the place not recommended to trade for amateurs like me.
Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-20 09-30-34.jpg Size: 2.2 MB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,828
  • Oct 19, 2025 7:49pm Oct 19, 2025 7:49pm
Quoting heispark
Seconds Charts on MT5 (Free EA) In case you want to use second based time frame charts on MT5... https://youtu.be/hshFSmusCrQ?si=Mt0hwUDsYpwl0o4_ {file}
What I found when I use this indicator, forex or CFD charts are quite slow while futures charts are generally acceptable. Even if I limit the max number of candles to only 2K, it's still very slow. Perhaps, that's because of tick volume vs. real futures volume. My forex broker is IC Markets and I guess their tick data volume is very high... Just for your information.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,829
  • Oct 20, 2025 7:11am Oct 20, 2025 7:11am
Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-20 21-09-39.jpg Size: 2.6 MB


This was a high provability setup in hindsight as far as I see. Breakout from a narrowing pennant pattern. I was eating dinner and missed it. Also, I wasn't really motivated to trade further as I already made a decent profit (by mistake) this morning.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,830
  • Oct 20, 2025 8:33pm Oct 20, 2025 8:33pm
Not very good start today. It was too early to sell and too early to buy. I was supposed to sit on my hands.... Hope I could recoup some losses during later sessions.

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-21 10 28 39.png Size: 131 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,831
  • Oct 21, 2025 4:18am Oct 21, 2025 4:18am
Quoting heispark
Not very good start today. It was too early to sell and too early to buy. I was supposed to sit on my hands.... Hope I could recoup some losses during later sessions. {image}
Got up right before and it seems not much things to do now.... lazy boy..
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,832
  • Oct 21, 2025 6:39am Oct 21, 2025 6:39am
I think I have to close the day with one more stupid trade. I hoped the market squeezed some more momentum while it's way oversold condition.... It was just nothing more than a gambling and I lost this trade. Good thing was I used only one micro contract considering the volatility and it limited my loss. Market is not very interesting now and I better walk away before I add up more losses.

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-21 20 36 07.png Size: 134 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,833
  • Oct 21, 2025 7:14am Oct 21, 2025 7:14am
Quoting heispark
I think I have to close the day with one more stupid trade. I hoped the market squeezed some more momentum while it's way oversold condition.... It was just nothing more than a gambling and I lost this trade. Good thing was I used only one micro contract considering the volatility and it limited my loss. Market is not very interesting now and I better walk away before I add up more losses. {image}
Not really a good trade but my itching finger made today black...
Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-21 21 12 48.png Size: 148 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,834
  • Oct 21, 2025 7:04pm Oct 21, 2025 7:04pm
Gold is crazy now and not tradeable with huge spread and slippage.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,835
  • Oct 22, 2025 5:28am Oct 22, 2025 5:28am
Unbelievably stupid trade..... my itching finger ........

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-22 19 27 40.png Size: 86 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,836
  • Oct 22, 2025 5:47am Oct 22, 2025 5:47am
Quoting heispark
Unbelievably stupid trade..... my itching finger ........ {image}
A quick revenge although it's still in red.... It's an old trick bastard !

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-22 19 43 59.png Size: 100 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-22 19 43 10.png Size: 62 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,837
  • Oct 22, 2025 6:00am Oct 22, 2025 6:00am
Quoting heispark
{quote} A quick revenge although it's still in red.... It's an old trick bastard ! {image} {image}
Managed to bail out and close the day still in black. No more stupidity today. Done for the day.

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-10-22 19 58 07.png Size: 125 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,838
  • Oct 22, 2025 6:11am Oct 22, 2025 6:11am
Quoting heispark
Unbelievably stupid trade..... my itching finger ........ {image}
In retrospect, my expectation was the market would quickly take out stops located underneath the huge pin bar made in early Asian session. Sometimes it really works as you can often see from trades by Senja. However, momentum wasn't there and it retreated back to the demand zone above. Again, general direction was correct but timing was incorrect.... My experience says selling at oversold condition (or buying at overbought condition) is nearly a gambling. Better avoid it at least for amateurs like me.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,839
  • Oct 22, 2025 6:50am Oct 22, 2025 6:50am
Quoting heispark
{quote} In retrospect, my expectation was the market would quickly take out stops located underneath the huge pin bar made in early Asian session. Sometimes it really works as you can often see from trades by Senja. However, momentum wasn't there and it retreated back to the demand zone above. Again, general direction was correct but timing was incorrect.... My experience says selling at oversold condition (or buying at overbought condition) is nearly a gambling. Better avoid it at least for amateurs like me.
Hi Justin,
I have found the most Profitale thing to do is to find a Repeatable Process.
Take the SAME SETUP Time after Time
Trading is a Numbers Game and having a good idea of what to Expect Day to Day
Don't Focus on Individual Trades
Personally, I find it more Profitable to Limit myself to ONE or, at most, TWO Trades a DAY.
By doing this I LIMIT my DOWNSIDE to a MAXIMUM of (-2%), of my Account, a DAY
I KNOW then, what ever happens, I won't BLOW UP because of a BAD DAY
I, also, KNOW it's a lot easier to SAY THIS than Actually DO IT
But it's a VERY GOOD PLACE to be STARTING FROM
The main thing is FINDING that REPEATABLE PROCESS that will PRODUCE PROFITS LONG TERM
For me it's to keep Repeating what I see in the Chart Below
Attached Image (click to enlarge)
Click to Enlarge Name: Gold ($33.20)_20251022_12.47.png Size: 27 KB
  • #3,840
  • Oct 22, 2025 7:36am Oct 22, 2025 7:36am
Quoting stevepatt
{quote} Hi Justin, I have found the most Profitale thing to do is to find a Repeatable Process. Take the SAME SETUP Time after Time Trading is a Numbers Game and having a good idea of what to Expect Day to Day Don't Focus on Individual Trades Personally, I find it more Profitable to Limit myself to ONE or, at most, TWO Trades a DAY. By doing this I LIMIT my DOWNSIDE to a MAXIMUM of (-2%), of my Account, a DAY I KNOW then, what ever happens, I won't BLOW UP because of a BAD DAY I, also, KNOW it's a lot easier to SAY THIS than Actually DO IT But it's...
Yes, it really makes sense to me and it sounds very logical! Thank you very much for your advice indeed.
Simplicity is the ultimate sophistication - Leonardo da Vinci
5 traders viewing now