Trading Made Profitable (TMP)

Usdjpy in 110 level. question is, is it going to hold 110 level. we didn't get any sign for reversal so I am waiting for clear breakout or hold.

Gbpusd did not fill the gap and market continue to move higher. 2 to 3 candle before we could enter as buy breakout of previous day high.

I don't have too much Idea about gap trading. when ever week end gap happen I usually stay out of trade for one day. If anyone have good idea about gap trading. you can share. It will be great help for me and others.
Thanks

UJ market is still slow. Lets see what happen next.

yesterday Daily candle is bullish

Weekly chart is moving with in down channel.

finally I close my actual trade of the week. at 87.6 pips profit. I am done for the week.

All the trade of this week. make few mistake.

Read more
http://www.tradingwithrayner.com/5-p...monic-trading/

I will try to give every week, Weekly outlook video. where I will discuss top down time frame condition. this week out look video coming soon.

I am not a professional video maker. I create video for helping purpose.
Thanks

Great thread! Thank you for sharing your trading system and teachings!

3 Important Reasons Why You Should Be Trading Price Action

1. Price action represents collective human behaviour. Human behaviour in the market creates some specific patterns on the charts. So price action trading is really about understanding the psychology of the market using those patterns. Thats why you see price hits support levels and bounces back up. Thats why you see price hits resistance levels and heads down. Why? Because of collective human reaction!

2. Price action gives structure to the forex market. You cant predict with 100% accuracy where the market will go next. However with price action, you can, to an extent predict where the market can potentially go. This is because price action brings structure. So if you know the structure, you can reduce the uncertainty to some extent and predict with some degree of certainty where the market will go next.

3. Price Action helps reduce noise and false signals. If you are trading with stochastic or CCI indicators etc, they tend to give too false signals. This is also the case with many other indicators. Price action helps to reduce these kinds of false signals. Price action is not immune to false signals but it is a much better option than using other indicatorswhich are essentially derived from the raw price data anyway. Price action also helps to reduce noise. What is noise? Market noise is simply all the price data that distorts the picture of the underlying trend this is mostly due to small price corrections as well as volatility. One of the best ways to minimize market noise is to trade from larger timeframes instead of trading from smaller timeframes.

I am up around 45 pips now. Those who watch my weekly analysis video you know what I am expecting from market. and why I enter.

General Guideline of the System

Rules 1- Trade with ema direction

Rules 2- enter with macd signal with the
ema direction (short term macd)

Rules 3- closely observe the 2 macd. if long term macd is red and short term macd is
green wait for short term macd to become red then open trade. For buy just opposite.

Rules 4- Don't open trade if at list 1 to 1 Risk reward not present ( This rules is not for all situation but generally we will follow this rules)

Rules 5- Money management Take 1% risk in every trade. I usually take 1 to 3 % risk in every trade. I start with 1% and then add position in profitable trade. If you are new trader take 1% risk for each trade.

Rules 6- Be aware of market condition by using top down analysis. Understanding candlestick is very important.

Rules 7- Be aware about major impact news.



You can also add Trend line breakout for entry and Fibonacci for entry as well as exit.

Last month and this week this system trading result.

Market is preparing for NFP. direction less market.