Trades based on Market Geometry and Price Action

..this is very true BK, 5 years in this bussiness and still learning and the hard work is realy on the first place...

yes for sure...

Taking into consideration that forex is another form of investment and I believe most of us are retail traders, we are on the disadvantage of being bullied by bigger players.

I have never believed in a perfect system where every trades will result in gains. There are bound to have failures at time but it is important for us to manage our risk at that point of time. Having a 70% winning rate in forex is definitely sufficient I feel and not feeling greedy / revengeful for previous trade is a key discipline to master.

Manage to close my eur/cad with +120 pips and eurusd for +30 pips when I initially had a profit of about 300 pips in the lowest bar. But still, it is still a profitable day and thus, have a good night with a booze ! Tomorrow is always a new day and everyday is a potential money making day ! Btw, I used some of you guys trading tips and integrate into my current trading system "been adhering to it for the last 2 months" and have recently clocked about 90% winning rate. except for 2 major bad trades for usd/chf 2 weeks ago and eur/gbp for last week.

I hope you guys are fine with me taking your techniques and i will definitely be sharing on my part as well whenever i can!

no problem...this is just traders helping traders..have fun with pips, and come tonight pick the eur/usd buy...

well done , every profitable day is a small victory for everyone of us.(Sometimes the victory is not " so small "). I really like this thread -- but I must learn how to post the charts to exchange opinion with all the participants.

do a screenshot of ur chart with ur indicators / drawings, save it into a "jpeg" format i guess since it takes lesser space and easier to upload, and choose attachments whenever you reply to attach the picture so all of us can see it =)

Erm DK, you are referring to a long on eurusd?

yes eur/usd will be long tonight,and i will also add to my long position on eur/yen...if the market keeps these candles...

thank you i will try

I gotta keep a look out on the movements on the candles before entry on long. both eurgbp and eurusd has already show signs of the end of retracement with a higher high and hitting the bottom segment of trendline. but still im not eliminating the probability that it will go back down as both are currently staying below a resistance.

Another pair which I am looking at would be audusd. potential of breaking the trendline and go up up up or going way down. back to the bottom segment of trendline. movements still unclear with sideways though

And in addition. T G I F ! soon !

what's TGIF ?

thanks forsharing your charts... markets closing in 1 hr let's see what set ups they will come up with

thanks god it's friday. meaning a good 2 days of weekend to enjoy before work and trading resumes ! time to spend some of the profits lol

welcome dk, instead i should thank you for having such a great journal and spending so much time sharing with us your knowledge and calls. yep lets see if any obvious movements will further substantiate the directions.

...took a tight short on gb us, might get stopped out quick but i see a decent downtrend on the H4

i just closed the gbp/chf tore enter later maybe

buy eur/yen at 116.87 sl=116.17 tp=117.50tp2=118.00
buy eur/usd at 1.4383 sl=1.4297 tp1=1.4540 tp2=1.4650

i'm going out right now. i will be back late tonight. ttyl