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Success Guaranteed - Simply Trade Better

  • #181
  • Oct 5, 2016 1:10am Oct 5, 2016 1:10am
Tip:

Letting the market be but doing what you need to do to effectively and efficiently read, track, stalk, and trap the market is the principal thing.

KP
Do your homework, follow the footprints of smart money
  • #182
  • Oct 9, 2016 4:49pm Oct 9, 2016 4:49pm
I will be looking to trade USDCAD northward this week. The pair continues its ascent. On the 4H time frame, although, the most recent high of 1.33122 was formed on Friday October 8, 2016 by the penultimate candlestick, the last candlestick has made a bullish push apparently for a further northward drive.

KP
Do your homework, follow the footprints of smart money
  • #183
  • Oct 10, 2016 5:53am Oct 10, 2016 5:53am
For me, the fundamental approach to gaining a profitable edge over the market is to set a trap and patiently wait for the best opportunity to strike.


KP
Do your homework, follow the footprints of smart money
  • #184
  • Oct 15, 2016 5:17pm Oct 15, 2016 5:17pm
Using a top-down approach to trading will be helped by undertaking a weekly scan and analysis of the pairs on your watch list. This has been a major change to the way I track and stalk the market since the beginning of the year.


KP
Do your homework, follow the footprints of smart money
  • #185
  • Oct 18, 2016 12:19pm Oct 18, 2016 12:19pm
I now realize the value of using more S/R zones on my set-up timeframe than I was using.

KP
Do your homework, follow the footprints of smart money
  • #186
  • Oct 20, 2016 6:53am Oct 20, 2016 6:53am
I am now tracking EURJPY as it is on an upward retracement within the channel on the 4H time frame. If it bounces off the upper trendline, which is proximal to the 76.4 and 61.8 Fib levels, I will be interested in a southward drive with it.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_Update_4H_Thursday_Oct._20,_2016.png Size: 26 KB
Do your homework, follow the footprints of smart money
  • #187
  • Oct 23, 2016 4:16pm Oct 23, 2016 4:16pm
During the week I will be looking to trading EURGBP, GBPUSD and GBPAUD. While I am largely bearish on both GBPUSD and GBPAUD, my bearish outlook on the EURGBP is only for the short term. It seems that after a retracement southwards, the potential for EURGBP to head north may be in play.

KP
Do your homework, follow the footprints of smart money
  • #188
  • Oct 23, 2016 4:18pm Oct 23, 2016 4:18pm
Quoting KeenPips
During the week I will be looking to trading EURGBP, GBPUSD and GBPAUD. While I am largely bearish on both GBPUSD and GBPAUD, my bearish outlook on the EURGBP is only for the short term. It seems that after a retracement southwards, the potential for EURGBP to head north may be in play. KP

See attached 4H chart of the EURGBP.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP_Top-Down_Analysis_4H_Sunday_Oct._23,_2016.png Size: 25 KB
Do your homework, follow the footprints of smart money
  • #189
  • Oct 24, 2016 4:35pm Oct 24, 2016 4:35pm
Just my 10 cents:

Mastering your system and working on it to make it highly efficient and consistently productive over time is far more important than jumping from one system to another. There is no holy grail or a perfect system anywhere.

KP
Do your homework, follow the footprints of smart money
  • #190
  • Oct 25, 2016 1:50am Oct 25, 2016 1:50am
I will be reducing the number of pairs on my watch list and use the power of compounding to make the most of the trading opportunities I get from the few pairs that satisfy my trading criteria.

KP
Do your homework, follow the footprints of smart money
  • #191
  • Oct 30, 2016 2:59pm Oct 30, 2016 2:59pm
I will be trading EURGBP this week with a buy trade because the trend is still very much to the north side.

KP
Do your homework, follow the footprints of smart money
  • #192
  • Oct 30, 2016 4:55pm Oct 30, 2016 4:55pm
Quoting TooSlow
{quote} First/best action I have ever taken is to focus. Focus on one method. Focus on one pair. Focus on trading. Focus is closely related to waiting. Waiting can be hard or easy. Lack of focus makes waiting difficult. Meditation may assist. Few reading this will focus. They will keep adding more methods to their arsenal. Adding more indicators to their charts. Adding more things to look at while trading. Unfortunately, they will be adding more losses until their account ceases to exist. So sad. Less is more. Less is better. Only take what is needed....
I loved the poem.
Prachait Saxena
  • #193
  • Nov 6, 2016 3:09pm Nov 6, 2016 3:09pm
I put a lot of effort on weekly preparation in order to make my trading more efficient and more focused. This primarily involves pre-week scan and analysis I do mainly on Sundays.

KP
Do your homework, follow the footprints of smart money
  • #194
  • Nov 10, 2016 5:07am Nov 10, 2016 5:07am
Tip

To successfully track and trap the market for consistently profitable trades, you must take cognizance of the difference between market trend and the market mode.
The latter is the current disposition or mood of the market and would impact significantly the outcome of your trade if your timing is wrong even if you align yourself with the market trend.

KP
Do your homework, follow the footprints of smart money
  • #195
  • Nov 13, 2016 6:06am Nov 13, 2016 6:06am
I am about completing my weekly scan and analysis. Although the EURUSD is still range bound and tradeable it will not be a priority trade for me this week. One reason being that I already have an open position on the pair. Secondly, I can see a better prospects in USDCAD.

KP
Do your homework, follow the footprints of smart money
  • #196
  • Nov 13, 2016 1:01pm Nov 13, 2016 1:01pm
After my weekly scan and analysis, I will look to trading three main pairs this week as they meet my selection criteria: USDCAD, GBPAUD and GBPUSD.

KP
Do your homework, follow the footprints of smart money
  • #197
  • Nov 17, 2016 4:12am Nov 17, 2016 4:12am
I find it helpful to adopt the '80/20 rule' in my Forex trading. The rule simply means that you devote the most of your time to the few things that matter. One way I use this rule in my trading is that I devote a lot of time to reading and analyzing the market and preparing and planning on the few trades I will take during the week. I spend only about 90-120 minutes each day for actual trading.

KP
Do your homework, follow the footprints of smart money
  • #198
  • Nov 27, 2016 4:33pm Nov 27, 2016 4:33pm
This week, I will be looking for opportunity to go south with AUDUSD and GBPCAD because they are still on a bearish trend. However, there is likely to be an initial corrective move to the upside.

KP
Do your homework, follow the footprints of smart money
  • #199
  • Dec 7, 2016 4:12am Dec 7, 2016 4:12am
I was not able to complete my weekly analysis on Sunday owing to other exigencies but I had proposed cable and AUDJPY for bull trade and EURJPY for bear trade during the week. I have only taken the EURJPY because cable and AUDJPY had moved too far when I had the opportunity to enter the market. I trade only a few times a week and I don't chase the price.

KP
Do your homework, follow the footprints of smart money
  • #200
  • Dec 9, 2016 9:20am Dec 9, 2016 9:20am
Quoting KeenPips
'Dont focus on making money, focus on protecting what you have' - Tudor Jones, Market Wizard
Wow , best advice ever. Just close your account , this would be the best protection.
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