Forex Price Action

[B]Update[/B]
AUDUSD, D1 ,bearish engulfing bar counter trend short trade . TP got hit at 0.9530 .
Thanks
Secure Trading

Same here!

regards

Hey Kas,
nice trade.
Again I took this last week, but cut for 35 pip profit on Friday. I was quite glad i had as it had rallied back to 0.9615 on Monday.
If you don’t mind me asking, did you stay in over the weekend and keep your stop at the top of the BEEB or did you get back in on Monday.
I am making money, but struggling to maximise my good positions.
Cheers

its not a pin bar bro is a beeb.

ok so my gbpchf trade i reset my tp to just past entry and it got hit with a tiny profit. luckily i did as price bounced off this point and went back up.

my ct trade on gbpcad also hit tp for 2% gain. Jonathan is right CT trades are tricky. but i like them and you never know it maybe the start of a new trend.

Is anyone still short the AUDSGD?
“I just might learn to speak Mandarin coz’ of all this SGD that I’m handlin’” :18:


Which one is this bro?

this was my gbpchf trade i took on friday.

was this what you meant chisha?

darth

Ohh yes of course, I saw this. You moved your stop to BE so you were taken out by the adverse excursion. This is the same market you & Bhops talked about a few days ago.
Cool let’s keep playing this game.

Hi Bobba,

While it’s wise to keep stops tight on a counter trend trade, I had to give the position space to move before I go BE. Moreover I planned out before I took the trade how I’m gonna treat it, so I sticked to that.(of course I felt a bit stressed once it went in profit and then in loss,on top of leaving it open over the weekend just like you, but I trade following my pre trading plan not my feelings and emotions. They are no good trading assets to me)

All in all if you are profitable than give yourself a big pat on the back, it only looks easy once it’s done,but it’s a hell of a ride
that many other crumble under.

Cheers

Ha’ good one Chisha.

Cheers mate

Thanks for your reply.
I am fairly sure i would have stuck with it had it not been for the weekend. Think perhaps i should walk away more.
Cheers.

I’m glad i could help. see sweet setups on friday but then get faked out. i’m lucky it didn’t cost me anything this time.

Kas,
which trade are you and Bobba talking about?

The Aussie daily Beeb short trade.

Cheers

I’m definitely the right person who can teach you mandarin if you wanna learn :smiley: just that Singapore’s main communication language is still English though lolll

Nice trade management mate) Do you use fib levels for adjusting your TP ? Also cannot understand the language on your chart,i guess it,s german

Pin bar forming on the GBPJPY, wait for confirmation then go long with the trend?


Hey there! The pin is Very Valid to go long if it closes within the previous candle.

However, the FTA is too near. unless it close above it then i may consider taking it.Chart below.


Jack

Thanks Jack, I would definitely look for confirmation before entering the trade. Sorry, I’m fairly new here, what do you mean by ‘FTA’?

Will