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- #623
- Edited 10:29pm Dec 5, 2025 10:00pm | Edited 10:29pm
- | Joined Feb 2022 | Status: Trader | 32 Posts
+1 to what Tony said above.
Staying in line with the thread, here was an interesting one I had earlier today taking a pound short (sorry in advance for the bad screenshots).
Bounce off of a resistance zone with momentum. Unfortunately I moved my stop too quickly (even though the previous leg wasn't all that clear). +3.8 pips.
However, watching live it was clear the price wanted to continue lower. And after that strong initial reversal signal it was a no brainer.
A little back and forth and then another quick +7.3 pips for a total of +11.1 on the reversal of that leg.
This was my last one for the day and I missed the break of the support zone around 10 mins later which could have been another easy 10-15 pips.
Staying in line with the thread, here was an interesting one I had earlier today taking a pound short (sorry in advance for the bad screenshots).
Bounce off of a resistance zone with momentum. Unfortunately I moved my stop too quickly (even though the previous leg wasn't all that clear). +3.8 pips.
However, watching live it was clear the price wanted to continue lower. And after that strong initial reversal signal it was a no brainer.
A little back and forth and then another quick +7.3 pips for a total of +11.1 on the reversal of that leg.
This was my last one for the day and I missed the break of the support zone around 10 mins later which could have been another easy 10-15 pips.
- #624
- Edited 1:05pm Dec 6, 2025 12:54pm | Edited 1:05pm
- Joined Jun 2015 | Status: Retired | 961 Posts
+1 to what Tony said above. Staying in line with the thread, here was an interesting one I had earlier today taking a pound short (sorry in advance for the bad screenshots). {image} Bounce off of a resistance zone with momentum. Unfortunately I moved my stop too quickly (even though the previous leg wasn't all that clear). +3.8 pips. However, watching live it was clear the price wanted to continue lower. And after that strong initial reversal signal it was a no brainer. {image} A little back and forth and then another quick +7.3 pips for a total...
Alot of people believe low timeframes are just noise, and in a way its true for those people, because they don't understand or see things the same way others do. This could be one of the biggest lightbulb moment posts you will read if you understand it. The two screenshots below are both 1 minute charts.
as you can see those tiny support/resistances that start off profitable trades happen all day every day - Minimal risk entries and high chance of profits.
as you can see those tiny support/resistances that start off profitable trades happen all day every day - Minimal risk entries and high chance of profits.
Two of my bigger catches today.
USDCAD short for 10 pips
AUDUSD short for 7 pips
I love it when the price makes long legs and fast reversals. Much easier to make money this way, as long as you become patient enough to sit through the slower, choppy, crap movements.
USDCAD short for 10 pips
AUDUSD short for 7 pips
I love it when the price makes long legs and fast reversals. Much easier to make money this way, as long as you become patient enough to sit through the slower, choppy, crap movements.
- #632
- Edited 2:45pm Dec 11, 2025 2:28pm | Edited 2:45pm
- | Joined Feb 2022 | Status: Trader | 32 Posts
it takes patience waiting for good setups when the market is moving slow and tight. There are times I get impatient and take crappy trades, especially after missing a good bet or two. My brain gets antsy and starts overthinking whether a trade is actually worth taking or not, in the hope that it will add pips to the bank. Too much boredom can lead to making irrational and impulsive decisions if one is not careful.
One thing that's clear is if you keep showing up every day and putting the work in, your brain automatically learns to stay a bit more patient next time, then even more the next time. As long as we keep learning from mistakes, treat them as learning experiences instead of failures, and keep trying, that will put you far ahead of most people who aren't willing to go through the hard work that is required.
it's easy when the market is moving fast and making long legs with deep reversals. What you do (or don't do) at the slower times makes a big difference too. Put the work in. Be patient and don't burn a hole in your account when there's nothing there. and don't give up.
- #637
- Edited 6:47pm Apr 24, 2026 6:25pm | Edited 6:47pm
- | Joined Feb 2022 | Status: Trader | 32 Posts
anyone else still around trading this way? I'm finding the moves a bit more slower/more hesitant these days, at least during the US overlap, but still plenty of opportunities.
here was a USDCAD short I took earlier today:
the second rejection right before I entered made it pretty clear we're going to go further south. So I entered after the previous resistance (and potential new support) level was broken. Should have left my stop where it was
, but moved it to bank the pips before a potential turn:
oh well. +6 pips is still good enough for me. A common theme I'm finding is a lot of times price tends to range a bit somewhere near the middle of the previous leg before continuing to fully reverse. Other times the pullback is sharp with continuation and a good sign to get out now. I'm wondering if it's worth holding through the range. Or even jumping back in when it becomes clearer the move is likely to continue.
Rest of the results today:
Not the worst for around an hour and a half of scalping. But also a pretty meh session.
here was a USDCAD short I took earlier today:
the second rejection right before I entered made it pretty clear we're going to go further south. So I entered after the previous resistance (and potential new support) level was broken. Should have left my stop where it was
, but moved it to bank the pips before a potential turn: oh well. +6 pips is still good enough for me. A common theme I'm finding is a lot of times price tends to range a bit somewhere near the middle of the previous leg before continuing to fully reverse. Other times the pullback is sharp with continuation and a good sign to get out now. I'm wondering if it's worth holding through the range. Or even jumping back in when it becomes clearer the move is likely to continue.
Rest of the results today:
Not the worst for around an hour and a half of scalping. But also a pretty meh session.
anyone else still around trading this way? I'm finding the moves a bit more slower/more hesitant these days, at least during the US overlap, but still plenty of opportunities. here was a USDCAD short I took earlier today: {image} the second rejection right before I entered made it pretty clear we're going to go further south. So I entered after the previous resistance (and potential new support) level was broken. Should have left my stop where it was
anyone else still around trading this way? I'm finding the moves a bit more slower/more hesitant these days, at least during the US overlap, but still plenty of opportunities. here was a USDCAD short I took earlier today: {image} the second rejection right before I entered made it pretty clear we're going to go further south. So I entered after the previous resistance (and potential new support) level was broken. Should have left my stop where it was
{quote} Where is your stoploss? And what is the TP?
I considered this one a bit riskier since we could have been in an upwards channel, and so kept my stop tighter than usual. A few things made me take this trade specifically:
- The price action in the small leg whose reversal I was trading was relatively clearer than before.
- I saw a double rejection in the same area, plus there was decent momentum in that bearish engulfing candle right before I entered.
- Less important, but I did notice that right before this, there was an extended consolidated phase where sellers tried to come in, but couldn't turn things around too much. Buyers were also struggling to push higher up. When they finally came in, they didn't push that much higher. Then the double rejection sealed the deal that a bigger reversal was likely to happen.
In the next couple of minutes as the price went my way, I probably locked in a pip or so. Then when it pulled back just slightly, and went my way again, I locked in the +4.1 pips that is shown on the first chart.
The second chart shows how we had a pretty decent drop right after I locked the 4 pips in. That is when I locked in to 6 pips. Only to have my stop loss hit when price pulled back just as quickly.
All that to say, my stop loss dynamically moves with me. I'm still working on optimal placement, but generally leave more space in the beginning and begin tightening up as we reach areas where price is more likely to turn. No hard and fast rules to follow. This comes from experience.
My hard TP was at 12.7 pips right near the start of the bigger leg. That start of that bigger leg seemed like a likely target based on how quickly the price began reversing after my entry. That price did get touched, but unfortunately after taking me out first. Oh well.
Jens said he doesn't use a hard TP and relies on the stop loss to take him out. I'm beginning to experiment with this more. Too many times I've had price reach my TP, only to continue past it without stalling much and make double the size of the move. Sometimes I'll set a hard TP, but only use it for visual reference. As price makes its way towards it, I'll just move it further out and tighten my stop loss to lock in more profits. It's too early to say if this works for me or not as I've just started trying it. But feeling hopeful I can further increase profits if I can nail the optimal SL placement.