Hello, all. This is the first time I will post my own live trades on any online community.
You'll see how I use simple price action trading to maintain net profit as a trader.
I'll tell you a bit about myself.
I've been trading (demo and live) for two years now. A year ago, I wiped out 93% of my account because I kept on letting other people complicate my trading routine. I have no one to blame because I always had the choice to make things simple but deep within me, I couldn't believe that any simple strategy would be enough to earn money that's hard to earn through conventional ways.
This disaster dominated me. I was too weak to protect my relationships from it. Luckily, I successfully stopped the 'bleeding.'
Now I'm back. I've saved enough money again. I've demo trader every day for almost a year to prepare myself and become a successful forex price action trader.
The trades that this post will show are real live trades that were documented since I started a week ago. You don't have to believe. The more important thing here is showing people how you can actually maintain a great trading record using a strategy founded on just price action principles.
Here we go.
Trading Day #1:
Trades: EURAUD short, GBPAUD short
Pair/Timeframe: EURAUD/H1
Market structure: Downtrend, channeling down (not shown)
Recent action: Price broke through support. Previous support tested and confirmed as a resistance. Swing level confirmed.
Trading plan: Sell at the resistance area, SL:TP ratio = 1:2.5
Take profit: Next support
Trade result: Profit, TP reached.
Notes: Good thing I'm out before Draghi spike.
Pair/Timeframe: GBPAUD/H1
Market structure: Downtrend, channeling down (not shown)
Recent action: Price broke through support. Previous support tested and confirmed as a resistance. Swing level confirmed.
Trading plan: Sell at the resistance area, SL:TP ratio = 1:2.5
Take profit: Next support
Trade result: Profit, TP reached.
Notes: GBP skyrocketed too because of Draghi. Good to be safe that time.
Profit?: 13% of principal capital
I'll be posting more trades here. To be continued...
You'll see how I use simple price action trading to maintain net profit as a trader.
I'll tell you a bit about myself.
I've been trading (demo and live) for two years now. A year ago, I wiped out 93% of my account because I kept on letting other people complicate my trading routine. I have no one to blame because I always had the choice to make things simple but deep within me, I couldn't believe that any simple strategy would be enough to earn money that's hard to earn through conventional ways.
This disaster dominated me. I was too weak to protect my relationships from it. Luckily, I successfully stopped the 'bleeding.'
Now I'm back. I've saved enough money again. I've demo trader every day for almost a year to prepare myself and become a successful forex price action trader.
The trades that this post will show are real live trades that were documented since I started a week ago. You don't have to believe. The more important thing here is showing people how you can actually maintain a great trading record using a strategy founded on just price action principles.
Here we go.
Trading Day #1:
Trades: EURAUD short, GBPAUD short
Pair/Timeframe: EURAUD/H1
Market structure: Downtrend, channeling down (not shown)
Recent action: Price broke through support. Previous support tested and confirmed as a resistance. Swing level confirmed.
Trading plan: Sell at the resistance area, SL:TP ratio = 1:2.5
Take profit: Next support
Trade result: Profit, TP reached.
Notes: Good thing I'm out before Draghi spike.
Pair/Timeframe: GBPAUD/H1
Market structure: Downtrend, channeling down (not shown)
Recent action: Price broke through support. Previous support tested and confirmed as a resistance. Swing level confirmed.
Trading plan: Sell at the resistance area, SL:TP ratio = 1:2.5
Take profit: Next support
Trade result: Profit, TP reached.
Notes: GBP skyrocketed too because of Draghi. Good to be safe that time.
Profit?: 13% of principal capital
I'll be posting more trades here. To be continued...
