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  • #1
  • First Post: Edited 7:03am Jun 1, 2015 6:40am | Edited 7:03am
Hello everyone, I will post some of my charts and ideas in this thread.

I trade purely based on Priceaction from Support and Resistance Levels. Basically i like to locate Sup/Res on higher timeframes such as the Daily and 4H Charts and then enter the trades on the lower timeframes 5min - 15min - 30min - 1H Charts.

Starting the week with a EurChf trade i took earlier. I reentered the trade as described on the attached charts.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-01 13_23_40-Chart window.png Size: 86 KB
consistency wins
  • #2
  • Jun 1, 2015 7:01am Jun 1, 2015 7:01am
4 Hour EurChf Chart depicting some thoughts. Even if this second trade doesnt work out i am still in profits, and thats what i love to do, minimize risk and try to maximize profits. Even if it sometimes means taking profits at certain important levels and reentering cheaper, its not a must to stay in a position for days and days, sometimes being active inside this general idea i am having is much better.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-01 13_48_54-Chart window.png Size: 68 KB
consistency wins
  • #3
  • Jun 2, 2015 4:58am Jun 2, 2015 4:58am
Just took a new position:

Attached Image


Here the chart with some thoughts on the trade. What i would like to point out, its not important to be winning every single trade, its important to have a probability edge. The key is to take trades that work more often then not, longterm there will be a consistent winning equity this way. So for me its important not to pressure myself into a mindset where i have to win all the time and be always "right" about the market, because thats impossible in my opinion.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-02 11_48_05-Chart window.png Size: 56 KB
consistency wins
  • #4
  • Jun 2, 2015 7:20am Jun 2, 2015 7:20am
Closed my first entry:

Attached Image


and reentered with a better price. Nothing to lose anymore.

Attached Image
consistency wins
  • #5
  • Jun 2, 2015 7:43am Jun 2, 2015 7:43am
I was also watching UsdChf, it gave me a good setup with a 10 pip stop at the same time as the GbpChf, and now it would have been up about 30 pip or so. Generally this interesting setups all come together in similiar pairs. So for example, i would call EurChf, GbpChf & UsdChf a group, there are often similarities between this pairs. So a good setup should also be at least indicated in the other pairs. Also the same last week i had a trade on EurCad but it also showed encouraging signs on EurAud, EurNzd and even EurJpy. Something i also like to do is to spread my position on several pairs if there is a chance to do that, but then i have to monitor them all, and thats a bit more stressful.

Thats the 4H UsdChf chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-02 14_37_07-Chart window.png Size: 52 KB


and the shorter timeframe 15min.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-02 14_41_02-Chart window.png Size: 52 KB
consistency wins
  • #6
  • Jun 3, 2015 12:15pm Jun 3, 2015 12:15pm
My trades for today on GbpAud.

Attached Image


Also the chart for a bit of better explanation. Its a 4H chart on GbpAud.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-03 19_09_12-Chart window.png Size: 53 KB
consistency wins
  • #7
  • Jun 8, 2015 9:04pm Jun 8, 2015 9:04pm
UsdChf and GbpChf currently look interesting for a long play with relative tight stops ~ 20 pips. Looking for a 200 pip target. Charts will follow up.
Levels that should not be broken are UsdChf @ 0.9245 and GbpChf @ 1.4200, if broken that would put a negative touch to both pairs.
consistency wins
  • #8
  • Jun 10, 2015 9:44am Jun 10, 2015 9:44am
This is my 4h UsdChf chart with live entry and some thoughts behind it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-10 16_36_38-Marketscope 2.0.png Size: 87 KB
consistency wins
  • #9
  • Jun 10, 2015 2:50pm Jun 10, 2015 2:50pm
Quoting iTrader
This is my 4h UsdChf chart with live entry and some thoughts behind it. {image}
This position is currently up about 60 pips, i am taking off some profits and moving my stop to breakeven on the remaining lots and letting it run. Still targeting the upper trendchannel, but nothing to lose anymore.
consistency wins
  • #10
  • Jun 10, 2015 4:58pm Jun 10, 2015 4:58pm
NzdJpy is looking particularly interesting from a technical point of view. I am looking to sell into any kind of strength, also watching NzdUsd i think 0.7000 will give away.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-10 23_53_56-Chart window.png Size: 81 KB
consistency wins
  • #11
  • Jun 11, 2015 3:49am Jun 11, 2015 3:49am
Quoting iTrader
This is my 4h UsdChf chart with live entry and some thoughts behind it. {image}
Up 110 pips i am moving my stop to 0,9296.
consistency wins
  • #12
  • Jun 11, 2015 6:07am Jun 11, 2015 6:07am
I am currently having the GbpUsd on my watchlist.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-11 13_00_51-Chart window.png Size: 49 KB


The 1.5440/30 level is a crucial spot for the Bulls, and for now we are seeing buying demand on two 4h wicks. So the bulls are showing their interest at this level. I would have entered at this level but we have important US retail sales data coming up, so i prefer to wait a little bit and watch the reaction around this data release. A scenario that might happen is a positive data release for the USD and a quick break of this 1.5430 level just to be pushed above it again that would result in a strong bullish sign for this pair, but we will see. Its important to have a plan in place.
consistency wins
  • #13
  • Jun 11, 2015 6:45am Jun 11, 2015 6:45am
Another noteworthy pair is the UsdJpy.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-11 13_32_24-Greenshot.png Size: 50 KB


At first we broke the recent 123.60-125.00 range to the upside, but momentum stalled and it was a fake break resulting in an intense move to the downside, taking out any kind of support around 123.60/80 and now its make or break time, bulls managed to push this pair back up towards the start of the broken range 123.60-80 IF we have serious bearish players in the markets, they should now show their hands and defend this zone, because if the bulls can retake the range and push consistently into 124.00 territory, we would be in a neutral zone, and all the work the bears made would be undone. So we are in a very important zone, i will be watching price action and of course the data release coming up in about an hour for more clues.
consistency wins
  • #14
  • Jun 11, 2015 7:09am Jun 11, 2015 7:09am
Quoting iTrader
{quote} Up 110 pips i am moving my stop to 0,9296.
I am taking off another 1/3 of my profits at 0.9370 with a plus of 110 pips, the rest still has a stop at 0.9296 and a target around 0.9460. The initial stop to this position was 25 pips big. So i am having a 1:4 Risk : Reward on this position. Better to lock in some money before the data.
consistency wins
  • #15
  • Jun 11, 2015 11:06am Jun 11, 2015 11:06am
Quoting iTrader
{quote} I am taking off another 1/3 of my profits at 0.9370 with a plus of 110 pips, the rest still has a stop at 0.9296 and a target around 0.9460. The initial stop to this position was 25 pips big. So i am having a 1:4 Risk : Reward on this position. Better to lock in some money before the data.

Ok, i closed the remaining lots with a profit of 105 pips, if we cant rallye on good data then it will be hard to rallye at all. So for me reason enough to take my profits on this trade. Overall a nice 1:4 risk:reward trade. Price Action is key for using small stops and gunning for higher profits.
consistency wins
  • #16
  • Jun 11, 2015 12:32pm Jun 11, 2015 12:32pm
AudUsd and NzdUsd look like they want to try a push higher.

Bought AudUsd but not much @ 0.7727 Stop @ 0.7712 and looking for a move to the range high around 0.7790.

Bought also NzdUsd but not much (counter trend) @ 0,6988 Stop @ 0,6976 Looking for a move towards 0,7030-50.

Charts coming up..
consistency wins
  • #17
  • Jun 11, 2015 12:52pm Jun 11, 2015 12:52pm
AudUsd 1h chart with some thoughts.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-11 19_44_43-Greenshot.png Size: 65 KB


Optimally i am having a 1:4 risk:reward on this position, so i am happy to take the risk on this one.
consistency wins
  • #18
  • Jun 11, 2015 2:51pm Jun 11, 2015 2:51pm
Quoting iTrader
AudUsd 1h chart with some thoughts. {image} Optimally i am having a 1:4 risk:reward on this position, so i am happy to take the risk on this one.

Out for now +32 pips 1:2 R:R

Quote
Bought also NzdUsd but not much (counter trend) @ 0,6988 Stop @ 0,6976 Looking for a move towards 0,7030-50.

Out +32 pips 1:3 R:R

not bad for 2 hours of work.
consistency wins
  • #19
  • Jun 11, 2015 3:05pm Jun 11, 2015 3:05pm
Quoting iTrader
{quote} Out for now +32 pips 1:2 R:R {quote} Out +32 pips 1:3 R:R not bad for 2 hours of work.
  • #20
  • Jun 12, 2015 4:53am Jun 12, 2015 4:53am
Just sold UsdJpy

Attached Image


Its looking like the bears are absorbing the power of the bulls, i am looking for a decent leg lower but we have the ppi data on the calendar, its a tight stop not much to lose, i will look how to manage it as it develops.
consistency wins
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