Price Is Everything - Lets Focus on Price and Swings
Page 1 of 4 1 2 3 ... LastLast
Results 1 to 10 of 34
  1. #1
    Join Date
    May 2015
    Location
    Does it really matter?
    Posts
    29

    Cool Price Is Everything - Lets Focus on Price and Swings

    As price is everything, let's focus on price, support and resistence, and bias. I'll be posting my entry exits as well as analysis on price action and confluences. You also feel free to share your thoughts and also your analysis. Together we can make it right.

    Most mistake trader makes are they are not consistent. Consistent at making trades I mean. Most of them give up after executing few consecutive loss on a specific strategy. I'm also not an exception from this. But from now I'll try to focus on market on daily basis. I've also dedicated a cent account for testing my entries and exits because demo is something that doesn't gives psychological pressure.

    I'll take around 0.25% risk on trendy market and on higher time frame where as I will risk 0.15% of my account in range market. But I might higher up the risk in future.. As this strategy is in test format I don't want to risk a lot of money in single trade.. I'll continue doing this till it hits 30% drawdown...

    A lot of thing to talk about but let's start posting trades. I'll update this introductory post later.

    #Update One: I'm dedicating this account for every trade that I make using this strategy.. I've made a cent account with $100 and tracking up my system using this cent account.
    MyFXBook Link: https://www.myfxbook.com/members/inc...s-mtv2/1725894
    Last edited by incipious; 07-29-2016 at 04:17 PM.

  2. #2
    Join Date
    May 2015
    Location
    Does it really matter?
    Posts
    29
    Executed my second trade. Risking 0.25% of my equity. RR is 1:1.58 on this trade setup. Let's see how this ends up..
    Name:  usdjpy-h4-e-global-trade.jpg
Views: 823
Size:  30.3 KB
    Last edited by incipious; 07-27-2016 at 03:06 PM.

  3. #3
    Join Date
    Oct 2014
    Posts
    2,708
    Quote Originally Posted by incipious View Post
    Executed my second trade. Risking 0.25% of my equity. RR is 1:5.8 on this trade setup. Let's see how this ends up..
    Name:  usdjpy-h4-e-global-trade.jpg
Views: 823
Size:  30.3 KB
    Hi.
    I dont see where your r:r of 1:5.8 comes from. Looking at your chart it seems to be approx 1:2. Have I misread it or missed something?

  4. #4
    Join Date
    Jun 2016
    Posts
    44
    Quote Originally Posted by eddieb View Post
    Hi.
    I dont see where your r:r of 1:5.8 comes from. Looking at your chart it seems to be approx 1:2. Have I misread it or missed something?
    That's exactly what I was thinking. 1:3 max if anything!

  5. #5
    Join Date
    May 2015
    Location
    Does it really matter?
    Posts
    29
    Another trade setup found and jumped right into it.. As it's in lower time frame, I'm going to risk only 0.15% and 1:2 RR on this trade setup. Confluence with 61.8 and a pinbar.

    Name:  nzdcad-h1-e-global-trade.jpg
Views: 695
Size:  31.3 KB

  6. #6
    Join Date
    May 2015
    Location
    Does it really matter?
    Posts
    29
    Quote Originally Posted by eddieb View Post
    Hi.
    I dont see where your r:r of 1:5.8 comes from. Looking at your chart it seems to be approx 1:2. Have I misread it or missed something?
    Quote Originally Posted by LewisMason View Post
    That's exactly what I was thinking. 1:3 max if anything!
    Well, in the chart it looks like 1:2. But the SL is 128 pips away and the TP is 203 pips away.. :P

  7. #7
    Join Date
    Oct 2014
    Posts
    2,708
    Quote Originally Posted by incipious View Post
    Well, in the chart it looks like 1:2. But the SL is 128 pips away and the TP is 203 pips away.. :P
    Ah, so your r:r is actually 1:1.58, not 1:5.8

  8. #8
    Join Date
    May 2015
    Location
    Does it really matter?
    Posts
    29
    Quote Originally Posted by eddieb View Post
    Ah, so your r:r is actually 1:1.58, not 1:5.8
    Oops... Typing mistake... :P My Bad.. Thanks for figuring out.

  9. #9
    Join Date
    May 2015
    Location
    Does it really matter?
    Posts
    29
    NZDCHF (D1).. Got into this trade by watching this engulf type candlestick. Although the engulf was created previous day, I was waiting for today to see if I could get into any discounted price.. And yes, I got it.. Placed Stop loss just below the recent low. There was also a historical resistance level which turned into support. Trend is upward slopping. Risking 0.25% of my account and 1:2 RR.
    Name:  nzdchf-d1-e-global-trade.jpg
Views: 535
Size:  39.6 KB

  10. #10
    Join Date
    May 2015
    Location
    Does it really matter?
    Posts
    29

    Default Audcad d1

    As usual 0.25% risk on this trade.. RR is 1:2.. But I may continue riding this trade once it moves 1:1, I may move my SL back to BE and continue riding on it till the end of this because the overall trend seems to be downward. Well I should not call it downtrend but it's a range type pattern but thrust is on downside if you zoom out the chart.
    Name:  audcad-d1-e-global-trade.jpg
Views: 536
Size:  32.2 KB

Forum Sponsors

Similar Threads

  1. Replies: 2
    Last Post: 02-18-2014, 03:41 PM
  2. Replies: 13
    Last Post: 09-19-2013, 07:18 AM
  3. Main Focus on BoE and ECB Rate Decisions
    By ACMforex in forum The Analyst Arena
    Replies: 0
    Last Post: 02-05-2009, 09:34 AM
  4. Replies: 0
    Last Post: 10-12-2007, 06:00 PM
  5. Replies: 0
    Last Post: 06-11-2007, 05:50 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"The minute you settle for less than you deserve, you get even less than you settled for."
Maureen Dowd