simple PA system

my trading is based on simple PA methods that i learnt from J16. i will log all my trades here. i trade mostly based on D1,W1 and sometimes H4.

please be aware i am a student of J16 and still learning. i will try to take only the high probability trades. this is a live account and i will try to aim for 2% profit every month. this target is only for me to judge my trades. i will not try to over trade or force trades to reach this target, also i will NOT stop trading if i get 2%

more later

USDJPY long at 85.03 based on weekly pin. chart later. sl 40 pips, tp 95 pips

weekly pin. at swing low. but heading into traffic. waited for a retracement upto BRN 85 to enter, so that we get better RRR. so entry is at 85.05, stoploss is 40 pips which is slightly less than prev bar low. i didnt go for the trigger bar low as stoploss as it is too far. tp is at 86 area as its also FTA

stops hit

lesson : the pin was not big, even though location is good. but traffic is too much.

nice location, big nose, bearish close, free space to left

TP at 1.8010 around BRN and minor ppa
SL at bar high

didnt take this trade, but spotted the pin when it was forming. didnt notice the ema bounce, that was a good indication to take trade.

it was a successful setup

hit tp.

need advice on this from the members

bounce of TL, bounce of BRN, in the trend, free space.

went long on break of highest of the 2 doji candles. FTA at that big brearish candle top. it took out FTA and started falling again

on bottom, short trade was saved due to filter, otherwise it would have triggered short which would have ended as loss

lesson : have filter, consider spread. look for FTA

i love your ea but don't understand what u mean by TL BRN



i

TL = Trend Line
BRN= Big Round Numbers

very nice trades + analysis Roundrock !

Found your thread from following James16, and your thread and many others inspire me as I been at it for 2 negative years demo trading. I have been making changes slowly however. Well I guess I didn't actively trade two years, on and off just like to capture my total investment time.

Anyway, enough of me, I was not clear I understood the quoted post and was wondering if you could point out the candles you are observing and any further additional explanation on the thought process.

Again thank you for your time, and hope you the best!
KK

there is free space between oct 2009 support and 2008 feb support. price normally goes as expected whenever we see such free space

USDCHF short hit the target. took a while but finally hit the target. for this knid of weekly setups you need patiance, but the profits are sure

Have you given up here?