The way I trade!

Greetings everyone, well, here I go one more time, after having 2 threads here and 2 more on other threads I decided to open a new one, but this time I won’t teach my systems, instead I will try to help some of you guys by posting analysis and setups, “I will show” how I trade and in time you guys will learn my methods naturally, I think this way is a better way to help you guys, I found that most of the newbies in forex only want to read a system and then they jump into the market, trusting the “system” they just learned in less than an hour, and the usual happens, they lose 1 trade, 2 trades 3 trades and that is it with the system, they jump to another one, later on the same thing happens, they will lose, this is because you have to train your brain to see charts naturally, without any effort, in a few words we need to be consistent with a proven trading methodology, then we will lose 3 trades, but we will win 7, we have to learn to loose small and win big, and to achieve this you have to have experience, I use several methods to analyze my entries and exits, that is why I do not want to teach them, will be too boring but if I start showing I think is more helpful, this way I will trade and you will learn, and if you want you can replicate my trades, double help, you will learn and you can make money in the meantime, not telling you to trust me blindly, prove me first, set your trades on a demo account and see after a month how much money (or pips) you will earn, I have very little time to write posts, so sometimes I will only post if I am entering a trade with TP and SL levels, ok too much blah, let’s get into business and see if there is any interest…

Ok here we go, I usually watch only a few pairs, usually GBPUSD, EURUSD, GBPJPY and EURJPY, I don’t trade them all, maximum two of them when I find setups:

1. We have to determine whether a pair is trending or ranging, this is the way I do it:
I start with the higways, go to daily and 4H charts to determine the trend, to me the only way to determine if there is a trend is this:

UPTREND: If you have a Lowest Low and a Higher low, then the trend is changing to Bullish

DOWNTREND: If you have a Highest High and then a lower High, then the trend is Bearish

in this chart we will start looking to go long preferably after a retracement

I will look to go long if i see a retracement between 1.43200 and 1.42900 where there is some confluence of support and fibs, will update when i take action

In a few words we will wait a trend to be established and pull the trigger during retracements of the stablished trend, this way we will have the smallest possible Stop Loss, if the trend is up we expect the price not to make a lower low than the previous one and we also expect the price to break the previous High, so when we enter a trade we put a Stop Loss below the latest swing low and the Take Profit above the latest swing high.
Later on we will discuss this levels in detail

cant wait for more.It is another naked method?

Good luck with your new thread and specially with your trading

Pepe

I do use some indicators, but for now let's keep it naked, you have to analize the market as is, then u can use almost any indicator system, as long as you know the trend, and where are possible support and resistance levels

Thanks buddy, good to see you here so soon, i look forward to see your contributions here, you are a much trusted trader, so please fill us with some of your knowledge

Is this rockstar robbie. if it is Craig and Steve say howdi from Brisbane Australia

Hi guys almost all night this pair was in a range, didn't made any significant movement, we have to wait and see what happens, price might go down to test the bullish trendline before continuing up, if this trend line is broken to the downside we might see further down pressure, but for now i am on my wait and see mode the 50% fib retracement still my preferred place to buy if we see a bounce from it, cheers and happy trading

Hi brisvagus, i will say hi!, although i am on the other side of the planet!

The cable is acting very similar to EU, so trend is bullish in nearest term, trapped in a range also, look to buy near the 50% fib and the bullish trendline, if the trendline is broken to the downside we might see further bearish pressure, testing 1.62000 support and round number, wait and see for now

Hello, Buying EURJPY @ 112.48 based on trendline and 61.8 bounce, SL 10 pips below the latest 1H swing low TP=open for now

EURJPY Long currently +35 pips, SL on +5, free trade now let's let it run

First TP= 113.33, second TP= 114.00

Nice Robby

First Target hit, remaining trade with SL @ +30 pips, i hope it doesn't close as i think this is just a normal retracement, no reson to be greedy now, already banked half of the profit, so let it be...

EURUSD and GBPUSD didn't make it to where i wanted and they just shooted up , let's wait for another retracement and see if we can get into them

Second Half closed +40 pips, now have to wait for retracements on GU, EU, EJ, and GJ, will let all know when i pull the trigger

Interesting buy setups on EURJPY, GBPUSD, EURUSD and EURJPY, take a look, here my charts, i am going to take all of them?

Fortunately i just entered EU and GU, both closed -40 pips , but this is ppart of trading we have to learn to take the losses, i will wait a little to see what happens with the currencies at least for this week