When Price is UP, buy; when Price is Down, sell short...

1. take small buy, more like a probe to get u focused for larger entries, do not enter a SL yet...see point 3 below,
2. for 4hr GBPUSD...wait until price close above that purple LSH line before entering...that we call...a confirmed buy. u will see a SL on this pair, that is because i took this trade last night, i have decided that i will leave it there and hope it doesn't get stopped out.
3. for Daily GBPJPY...wait until the market manipulators have released their news before taking a position, in my opinion price should move northwards. {see ff the economic calender}
4. edit:: we know that mthly is still up and that according to my method we look to enter on the Daily, right ? so...the last Dly bar closed above its own LSH and that means what ????...a confirmed Trading Signal...a confirmed buy... [Mthly+Dly] therefore the Dly will determine our SL, ...our SL should be how many pips...??? or alternatively placed where...???
5. Please note i have already 1 position in the Cable but none yet in the Geppy.

F​or the NZDCAD::

1. yesterday price has put in a normal average range movement of 100 pips, Ave Price Range for the past 66 days [3 trading months] are 105 pips. This range changes continuously because price movement is by its very nature dynamic.
2. the 4hr tf is displayed below, if price closes below that LSL then u can look to exit buys and re-enter later on other buy TS or,
3. u can put in your SL as i did, just a few pips above break even and hope that price will reward your efforts by not taking the SL out but will proceed in another 100+ pip run upwards.
4. because that is the aim of this thread...how to enter and sit tight in a winning position and how to manage that position and later stacking of more entries to get 100' if not 1,000's of pips from a weekly and or monthly run.

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1. the NZDCAD is working its way northwards slowly but surely and has put in about half of its ADR thus far, i will not stack today unless i see a compelling price action,
2. secondly, {LearnAlways are u taking note } i have removed that earlier horizontal line on {NZDCAD} from the 4hrs chart that i placed there earlier in my prior posting bcz price did not close below that LSL close. {pls reference the chart of earlier today} NOTE: as long as price keeps on making Higher Low Closes, then we DO NOT draw lines at those Last Swing Lows [pls make sure all understand bcz it is this important]
3. thirdly, i suggest holding of your buys because price is still making the right directional moves.
4. GBPUSD:- nothing to report except that if u are an intraday trader then u can look to take profits right about now, simply bcz price has already put in its ADR.
5. GBPJPY:- this has broken through its own wkly LSH but since the week is not closed yet, i'm only calling attention to its Upward Trend Change potential for next week.
6. Why am i calling attention to that Wkly LSH ? bcz as u know, we are still in a wkly Down Trend according my Method so if this current week can close above that LSH then its official...buys rule.

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1. when stressed or pre-occupied mentally...do not trade...let me rephrase that:: do not go near your trading station, especially when beloved family members or extended relatives and other loved ones and friends are involved.
2. just because i know the pitfalls and danger of trading under stress and mental pre-occupation does not mean that i am immune to it...i repeat, do not go near your trading station.
3. i increased my trade size...big mistake...more stress...
4. i took numerous trades and although all were in the Long term direction as per method i made losses on all of those trades. now why was that !? instead of staying in the tf that generated the Trading Signals, i monitored them on much smaller intraday tf's. Hindsight: All of those trades would been spectacularly in profit at the end of Friday close. hmmmm....repeat Rule #1 above.
5. Stop Trading should you find yourself in similar circumstance. Close trading station and walk away. Only return to trading when psychological balance has again been regained.

​Although i wiped my gains of the prior day, i realised my mistakes just in time and the next day recovered most of that losses.

The Lesson ???
Just because i know the pitfalls does not make me immune.

1. is marked the very 1st trend change signal on the top lefthand corner {see the red horizontal line and yellow arrow pointing down} and
2. in the bottom righthand corner is marked the latest trend change signal as per method. {see the highlighted yellow horizontal line and the arrow pointing up}
3. i have drawn a descending channel around the close of price simply to lend structure to the human eye and to illustrate that trading is not an exact science but rather a personal perception that utilises the signs of price.
4. important: no more horizontal lines are drawn as price falls because no LSH's are broken.
5. please read the comments on the charts. for this coming week we will only look for longs in which tf ? correct, in the 4hrs obviously.
6. Lastly, for this coming week we will only trade the buy signals of the 4hr tf.

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