in the end its the same with me …i try to master this style since beginning of this thread
january 2016
but i think i have made very nice progress compared to my first steps in trading (i started 2012-2013)
its a whole different level and the results getting steady more and more…
i can tell you what were the average pips a month at the end of the year …
a month is a period which is to short to see true results …at least you should see what your account looks like after 1 year of trading
at the moment i have no 1h set up at all…yesterday i took some nice pips on nzd/jpy on 1h chart (round about +100 after supply was hit)
now iam waiting for nzd/cad and eur/aud for potential 1d tf trades but i take the 4h for my entry confirmation…
now again patience is the key …im staying away from the market until i see what i want to see
ooops i have to correct myself there is one 1h trade iam looking at :
crude oil 1h supply… fresh zone
if price reaches this new formed zone i try to get a short…if the zone breaks the trade is invalide…
as you can see my daily trades are more based on ressistance and trendlines…
1h trades are true s/d trading…
all trades had to be confirmed by some nice pa candles…if zones break the trades are invalid
for daily trades i look for confirmation in 4h charts…
(nice confirmation is als a break of 20 ma in 4 h tf after ressistance/support was hit ) dont try to catch the low or the high .always try to wait for confirmation
muhahaha nzd cad droped like hell :-)… round about +200 pips…trade is nicely adjusted
eur aud stoped me out for -60 pips but i will wait for the next opportunity
oil is gone down without me…ger 30 is going up hopefuly it wll respect the “zone”
@r2 nice to see your aud cad i missed that zone
and thx for your chf charts i observes this pairs but still dont like to trade them…maybe this will change …will see…
Hi Trueman23 and all the great traders on this sight, i hope that everyone made some money all those pairs you mentioned here. It will make this week-nd much nicer to go and enjoy.
at this particular trade (usd jpy) i was unsure…i was thinking about to enter right after i posted the chart…
but thhan i thougt " f…k it i will stick to my rules and do not enter until the “zone” was hit"…
then i entered the trade after price leaves the zone …
as you can see price retested the down side of the zone again…i think this was the optimum entry …