Trading from an Experienced and Successful FULL TIME Trader

Trade Idea
GBPUSD SHORT
GOT 3 Lower Highs

Coral RED on 30Min and 1HR
GOT Signal

Only thing PA has been choppy on Pound lately

2:1 RiskReward

****
I have been demoing this System for about a month now,

1 thing I have noticed is

when the PA is respecting the MA (Coral) Acting as support or resistance the trade has a better chance of being a winner.

The AUD USD H4 Looks like it will be some down
i just test it on demo

Hey Guys just posting what is working for me and what isnt,

the short gbpusd worked out

the eurusd trade also was worth 40 pips but as you can see i target 2 so far below, which tells me im getting to greedy...

Mun90, what do you think of this charts? Ive been having a rough go at this lately so Im looking for some input from those who are trading this successfully.

Hey gtg work, but lets start fresh on Monday!

One thing Doritos mentioned was he doesnt like to trade, wild or spiked PA which is what your charts kind of look like.
Also I dont even look at Crosses yet. The more wild and crazy.

THe last couple of pound nzd or eurnzd that i tried to take didnt not work at at all.

So I stick to majors.

For example for look at audusd 1hr and 4 hr. coral is red there was a nice signal to short 89.60

Happy Friday

GBPUSD TRADE EXAMPLE
I took this trade on the 5MIN CHART because of the 3 Lower highS previous.

R:R 20 pips for 35 pips
trade went exceeded my target, which sucks, but gotta put tp and sl always.

Coral was red on 5 and 15 min and signal appeared

Hi mun90,

Nice trade.

Below is one that just hit TP on EURUSD. It could have gone further but I am not sure price will break the pretty heavy resistance at 1.37698 so I just set my TP right below.

Has anyone heard from Doriot recently (another thread or PM)? I hope he is well.

Cheers

Here is another one (USDCHF).

Still ongoing and a little in the money. Fingers crossed it won't move against me

On this one I plan to add another 0.2 lot if price increases to 0.88530 as that is a previous support that might become a good resistance. If that happens, I will move the SL to 0.88710. My reasoning is that the H4 and the D1 show a rather strong trend downward.

Doriot/mun90/anyone, would you have taken the initial trade and if yes, do you think adding to the position as described above is sound?

Hey Kagbe nice work on the eurusd trade.

Been feeling sick lately wasn't able to comment earlier and I really cant see yours charts at all there very small.

USE Clip2Net.

Rite now I am not a fan of adding more onto a trade not until I am consistent and more confident.

A little about me
I found forex trading about 2 years ago. I was super excited to get started. I opened a $500 live account and blew it up within in weeks. Ive done that numerous times over by being aggressive and not using proper risk management. Than I stopped trading.

Ive been learning to trade forex properly in the past year but still was too aggressive I took a 500$ account to 2500ish in 2 months I was feeling great so I quit my job, started trading full time, was 22 at the time. I was doing good for about 2 weeks and than the pressure of making money kicked and that account went to $15ish within days.

Because of
1) Aggressive huge position size, no risk management
2) No reason behind the trade I was taking. I was just taking trades that looked "good" to me.

So about 3 months ago got a job at a bank and I try to look at the charts before and after work.

This thread has helped me alot with my trading.

1)I have a reason to take the trade now
2) I practicing good R R
3) Taking it slow and the aim is not to be profitable but consistent.


I hope my story helps out the new ones just getting into trading.

Thanks Mun

Hi num90,

Thanks. Will check out Clip2Net.
On the usdchf trade I finally left the size of the position as is and the sl where it was and go stopped out. Best decision .
For today, are you looking at anything in particular? I am looking at the following:

- eurusd:1.37689 and 1.37240. I am not taking any trade right now as I am not sure where the market will head
- gbpusd: 1.67250 and 1.66155. Here also, waiting for the market to tell me what it wants to do
- usdjpy: Bull trend seems to have resumed but I am staying away of that pair for now
- audusd: GDP data was good but the pair lost its gains after the data came out. I am thinking there might be some pressure here; maybe the comment of RBA yesterday that the aussie is still high. Staying away of the aussie for now. Maybe I am wrong...
- nzdusd: Bull trend on H1 and H4. Watching the 0.84230 resistance. If it breaks it and comes back for 1 first retest with all conditions respected, I might take the trade.
- usdchf: currently at the 0.88750. Waiting for London to wake up and if it breaks the 0.88860 and comes back for a retest with all conditions met, I might go long
- usdcad: H4 showing a nice picture. Watching 1.11450 and 1.10530-1.10400.

Not touching any cross for now.

Cheers

Thanks for posting that THV 3 Trix indicator...It is a really good indicator...I've added it to my system and it has really helped adding another showing confluence for my entries...appreciate it!

Hey Kagbe Good Analysis pretty much in agreement.

Yea I dont see any trade that Id take at the moment.

Do you guys look on any currency or just the major ones?

I think Doriots does. Im just personally just choose not to look at them.

Hey mun90 - For today, I am considering the following:

- audusd: went long a couple of minutes ago at 0.90120 which seems to have become a new support. Reasoning: up trend pre trade balance data which came in outstanding. Price went through the 0.90000 level up to the daily pivot R2 at 0.90320 and retraces. Currently testing the 0.90120 which seems to be holding. first tp @ 0.90300 and sl @ 0.89950, second tp @ 0.90430 and sl @ 0.90180.

- eurusd and gbpusd: waiting for monetary policy news @ 1200 gmt and 1245 gmt. There might be some decent movement downward on the eurusd while gdpusd might appreciate.

If that scenario materializes, the eurgdp cross will amplify the bearish movement. So I am watching it too today.

- nzdusd: just goes through 0.84300. If re-tested and confirmed as a new support, I'll go long here.

Anything you are looking at today?

Must have been a nice one, how did you make out?

Closed half the position @ 0.90500 (380 pips) and locked in locked in 270 pips for the other half by moving sl to 0.90390. Hopefully it will get to the next resistance @ 0.90690. I will be moving the sl frequently.

The nzdusd position is also running. tp @ 0.84950.

Have you taken any position?

audusd running out of steam. closing the other half as a Head & Shoulder is showing on the M5 TF. This might mean a trend reversal of a quite important retracement. I might be wrong though...

Ok. So I was wrong on aussie losing steam. Actually, it is still rising.
ECB and BoE kept their policy instrument unchanged.