Price is everything

wonderful trade D.O, bit of news help you get there quicker.

W

got in short in retrace after news. worked out well. was ready to bail quickly if needed though

whipsaw. railroads. pin

cable. waiting to see reaction @ supply

first approach here

cadjpy. awaiting bullish prices

closed, small gain

Expert chart....

Took a 10 pip scalp earlier, the lines and arrows show the entry and exit. I was thinking at the time it might go higher.

Red, I wish I'd read your gu post earlier, I would have been thinking down instead of up.

Here was my thinking on the trade. The rectangle was my support zone so I took the trade as it cleared the candle tops.

markets difficult just now, l have nothing open


need to wait


check EG 4 hr demand, EN daily uptrendline


something big is developing if these levels are respected, cable is difficult, staying out for now

giving euro a try, the only trade today:

AWH MAN

its LUKAZ!


nice to see you

went ok, closed all

remember what you said - NO MORE TRADES!



....... and well done



Red

developing .........

long EG 0.84954


20 PIP STOP

stopped

Hey Red and company..I want to share with u also an unsuccessful trade analysis.



Many traders and maybe the big majority of traders post only succesful trades which would made me thinking that all are millionaires.
Thats not the case. The loses are a part of this profession and we need to take it as a normal part of it.

I want to share this unsuccesful trade with fellow traders.

This trade was taken at a very late Asia session when PA was consolidating around 3770-3780.

Yesterday day was bearish and weekly showed a range, I would normally expect a pullback towards 3900.

I made an analysis which showed a very good potential entry around 3780 and I have entered at 3777.

In this chart I saw a reversal head and shoulders, measured by fibo retracment PA retraced to 23.6, then there was
an ascending triangle with a confluence at 38.2 fibo which made a flat top.

The entry point I made was according to my analysis adequate to pay out a great r:r ratio as my final target was 3875-3900. stop loss 3720

The price has turned down. I forgot 1 BIG thing today. Bank holidays. I woke up late and I forgot to check the calendar.

The mistake. If i had remembered of bank holidays i would never have taken the trade today. I have my rule. I dont trade on bank holidays.

The banks are definetely the BIGGEST of all participants including hedge funds. They apply the volume to the market.
Trading patterns on bank holidays are impaired because there is NO MARKET to defend it.

That was the problem today. If it wasnt for bank holidays im 70 % sure I would win the trade.

red check this zone