Price action and pattern trading

Took a small trade here on gbpchf. 5 min chart

This is where I set my TP and SL (red lines)​

I love price action. That took 1 hr. It was 28 pip profit. This trade totally went against the major trend but if you can see where retracement will happen and patterns inside the retracement, its as good as gold. Trade what you see not what you think

Might as well go short on this one...gbpchf 5 min. I have my reasoning. Its a lot about price and patterns.

Short gbpchf. Red lines are TP and SL

I hope other people are not taking these trades just because I am. I am trying to trade on a 5 minute chart, and it is very risky. My lot size is very small but I do feel confident with what I am doing. When I post my trades and charts, it is on a real account, not a demo. ​

Well, that didn't take long lol​

Trying another short on this pair. The SL and TP lines aren't visible due to zooming up. But the close on that candle may be a good signal since price is where it is. The risk/ratio is very good.​

The highlighted bar is the reason I tried going short again.

Another good bar showing signs to sell​

Another short bar.​

Here is that trade looking at a 1 hr chart showing the SL and TP.​

I'm pretty proud of myself. Yeah, I might be bragging a little bit but these are the trades I have taken in the last 10 hrs of trading. As long as I sit on the sidelines waiting for the right setup, price action and patterns reveal themselves. The more a person watches charts and how price acts, the easier it is to see the right spots to enter.

Gotta love it

I missed this one last evening. That close in the gap with rejection and another close/open in the gap was a correct signal for me - but I'm still not used trading continuations in forex...TP should be at the top of that grey line on the north which represents that higher uptrend channel on daily chart. Was pondering if I should take it, but I'm still affected by the same old "it has grown so much, time for a pullback"...

I hear ya man. It's hard to see price go so far and think it is going to go farther since it went that far already. The trend is always your friend...Well most of the time. The only time it isn't your friend is when it reverses lol. When I see a strong trend, lets say its an uptrend, and its going higher, I look for a pattern showing price is about to break up even more. Here is usdcad 5 min with a couple examples. ​

usdjpy​

If a person sits and watches charts enough they can see things setting up. A person can see where price will go. It might not be for a long time but ya can see it. Like right now, a couple of my trades I am in will go against me for a while. But I am confident that the longer timeframes are telling me to sit it out for a while yet. What I do is what the charts when price is going in my direction to see that money roll in but when it retraces for a little bit, I turn the charts off for a little while so my emotions don't take over and I close a trade way too early.​

Same here - I like to toss a glance to it occasionally but in general if it is a correct trade - for me it's either triggered stop loss or achieved profit target. No inbetween. Of course, profit targets are reasonable and always consist of taking the profit on the closest support/resist.

Here's another example of the trade I took yesterday.

4H might give us a nice signal, pin bar created on it, next candle's price action will (or wont) confirm a nice buying signal.