Here is another trade I did but I was a little nervous and got out early. There were two reasons. One is I got in late because I accidentally sold A/U instead of E/U. I don't know how that happened. I may have had the wrong chart highlighted when I brought up the order and didn't notice the pair I was trading. Second, it was in the afternoon past the trading time but the set up looked good so I tried it. Made 7 pips
I see some trades that don't seem to work so I am sure watching S/R and pivots would be helpful in deciding which signals to take.
Here is another trade I did but I was a little nervous and got out early. There were two reasons. One is I got in late because I accidentally sold A/U instead of E/U. I don't know how that happened. I may have had the wrong chart highlighted when I brought up the order and didn't notice the pair I was trading. Second, it was in the afternoon past the trading time but the set up looked good so I tried it. Made 7 pips
I see some trades that don't seem to work so I am sure watching S/R and pivots would be helpful in deciding which signals to...
Ignored
Nice trade, you could wait a lil bit, there is support at 1.3398, i would close there
Nice trade, you could wait a lil bit, there is support at 1.3398, i would close there
Ignored
I was heading into the quiet period so I was glad to get some pips. That would have been a good place to get out. The market did get there. So as I get more confident about this method I will look for better exits and not just my emotional price.
Seeing charts help a lot so thanks for posting yours.
This is my trade from yesterday, +30 pips. This week is really hard to trade, because of the upcoming news, market is really slow. I made over 1000 pips last week, but this week i don't know, may be after the news, market will start moving
On your last chart I have not heard of the candle pattern, "Harami" So in case some else does not know what it is, I looked it up. Here is the definition.
Hamari, it is little bit different in forex, the close and opening the same, but it is should be small real body which is not more than 25% of previous candle, or doji.
You need to be careful, with Harami, only if it is on the really strong level, i will take a trade
I have this training system for myself. I been doing it everyday before, but now i am doing it time to time. It gives you opportunity to see price action, and what price movements you can expect. You can try it on demo. What i am doing, i am going on H1 to look for S/R in the last couple days,switching to M5, and trading candle patterns, what i see on the chart. It gave me more confidence in trading
I am training, don't feel like trading today, i had a fight, and get little bit emotional, when you are trading , you can't have any emotions, it is will make you loose money. I have this interesting moment, i want to share it, in the way how i see market. I am apologize for mistakes which i make in writing, english is not my first language. My target was reached, when i was making this chart.
First pull back from the resistance, i called retracement, if you know patterns there you can see ABCD pattern, and that is the retracement from that pattern
mavricos, could you post your one hour chart of the EUR/USD with the S/R level's that you are looking at today.. please keep posting your trades as I for one am learning a lot.
mavricos, could you post your one hour chart of the EUR/USD with the S/R level's that you are looking at today.. please keep posting your trades as I for one am learning a lot.
All the best from Ireland
Rebel
Ignored
This is H1 chart with S/R, but it is for my M15 chart, if you are trading H1, there is some levels should be removed
this is a fairly solid way to trade all market conditions, it is relaxing on m15, m5 not too bad also. i dont think you can win on m1 long run so avoid that timeframe.
only issues are the signals u get with candle pattern. e.g. it gives candle pattern to go long, only to get stopped out(like you got with ure broker with 1 pip), only to move rapidly to your profit target . so the candlestick pattern was actually correct, just suffered a retrace before validation. ive had that happen a few times(but in my case, it really did hit the SL on the chart). imho you should get ure loss back at the minimum.
but yes i know one particular system that is being sold that is similar to this, its called trend fx system or 'trading with a day job UK' on marketsmastered.com. overall he is up. some days there will be no trade due to very ranging condition on m15.
I got my money back, and 30 pips profit which i lost, based on my system they gave only 30 pips, as it was top bollinger from range.
Some times price is hitting my stop loss, and market moves in the direction of the trade. what i can say shit happens, nothing is 100%. I am usually looking before initiating the trade, where is gonna be stop loss, targets.
i don't know who bought that system, i found nisons seminar about forex market, and on the fourth hour of the seminar he is showing, how to combine BB, oscillators with candles, it is pretty much the system.
I don't like M5 and M1, too much stress, i have patience, i csn wait, market always will give you opportunity to make pips
hi mavri. yes best to be patient. if ure system uses m15 long term u will be the winner its all about long term
yep the website i gave heavily references nison as well. i guess the idea/concept is same - catch the reversal using candlestick, and bollingers at the extremes, S&R, and divergence if applicable as well to give higher % probability trade
