Price action and pattern trading

Will just move SL to today's candle's lowest value - should be enough for starters, I expect a higher close than 17.70 by the end of trading session. Close above 17.85 - will put a trailing of 30 cents large.

Any further prediction for GBP guys? I am so confused, not able to recognize its momentum and trend

Entry I just took 30 mins ago, a bit higher than it's shown in the chart.

Stopped out - should have put a trailing the other night, would still be a loss though...

I Like The Look Of This.. I've Actually Just Started Drawing The Channels Out On My Charts.
Good Luck, I'm Watching!

Took profit just now - 400 pips - P/L ratio 2:1. Case closed. Was thinking of trailing it but I want to conclude this week without any positions over weekend. Now Eur/usd comes into focus for the next week's probable entry. Will post it here if it comes to that

Enjoy the weekend.

As a matter of fact I might enter it tonight before close, if it stays on current level. Close here would create a perfect Dark Cloud Cover pattern, with a profit target of 250 pips and SL of 140 pips...will post if I decide for an entry.

Taken it. SL a bit higher than usual for morning star setups, also a bit premature entry since there's 1.5 hrs left to this daily candle's close. SL size is also big (180 pips). I dont want to see today's confirmation candle negated by a lower close. Close above 1.39 indicates I should start using a trailing to be able to scale out later. Close above the trendline (lower band) adds to the probability for the bulls. Target profit is/will be adjustable. Looking for 2x potential loss size profit.

EUR/USD - doesn't qualify for my entry.

Trades I took on Eur/USD last 6 months. Circles is where I was successful (P = profit at that level), rectangle is where I was unsuccessful (S = stopped out). Pretty choppy action on this pair for the last year+ making it untradeable for me (daily candles only). YPY crosses look much better for me at the moment. In this thread there are 2 nice entries on GBP/YPY, both successful. Will keep the thread posted.

Where did my chef Mr. Renas go?

Hey guys. I am unable to get in front of my computer for a couple more weeks. I haven't forgotten about you guys. Any messages I get I will reply to once I'm back in front of my pc.

Looks like its about time to sit up and watch USDJPY very closely. Looks to me like it will be about a 400 pip move.​

Here is usdjpy on a 1 hr chart zoomed in a little more than the last one. The last chart was a 4 hr as well. The line has been broke with a strong bar and a nice close below the line. Looks like its time for shorts

​After the big move down yesterday price consolidated forming another triangle. Once the triangle was broken that's my confirmation I'm right. This is a 15 minute chart of the triangle.

Hey all...
So, I haven't been on here for quite some time but I'm still here. I got away from trading for a while due to some personal problems but I'm back and plan on posting some charts with thoughts and trades I am either taking or consider taking. Any thought or criticism is welcomed.

I have a couple reasons for having this thread. First, it's to help others understand the significance of not using a bunch of indicators and how simplistic this can be. I'm also doing it to help me learn from myself. I tend to screw up pretty bad at times when I make a trade and it's usually due to lack of patience. I will see a currency pair that is looking really good and setting up and have a bad habit of getting in too soon. Looking for patterns, trend lines and a little price action a person can get in a lot of good trades while only getting in on a few bad ones. The good ones almost always out weigh the bad ones meaning the profits are much bigger than the losses.

Anyone that has questions on the charts that I post or anything else about the trades, feel free to ask. I have no problem with others posting charts as well, I just ask that they aren't full of indicators because I won't be talking about a single indicator on here. Only trend lines, price action, and patterns. I won't even use a moving average.

Hello Renasdad! I know the hidden meaning of your charts, since PA trading is also my key point of trading! But please, add revenant descriptions with your picture’s thus novice traders get actual meaning of your post! Thank you!