Price Is Everything - Lets Focus on Price and Swings

[incipious]

@incipious

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.

Hit by SL… 0.15% loss.

[incipious]

Got into this trade because there was a engulf pattern and also there was a pin bar. Taking 0.25% risk and 1:2 RR on this setup…

[incipious]

This pair is ranging from last January 2016. Just figured out it formed a pin bar and engulf candle. Risking 0.25% on this trade and 1:1.4 RR, I’m going for a long placing stop below the pinbar.

[incipious]

@incipious

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…

increased the TP from 1:1.58 to 1:3. Because it seems the price is more likely to move further downside. Once it moves 1:1, I’ll put my SL back to BE.

[Gibs]

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.

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

I am excited about this thread. I mostly swing trade using price action and S/R. I would love to learn fron others that do the same. Looks like you found a lot of good setups today.

[Gibs]

What do your red boxes signify? S/R?

[incipious]

I am excited about this thread. I mostly swing trade using price action and S/R. I would love to learn fron others that do the same. Looks like you found a lot of good setups today.

Welcome to this thread. I’m also learning and trying to implement different concepts in trading. Please feel free to post your charts as well as setups with us…

What do your red boxes signify? S/R?

Those are actually both S&R. I mark those to identify potential S&R easily by looking at a glance.

[incipious]

@incipious

increased the TP from 1:1.58 to 1:3. Because it seems the price is more likely to move further downside. Once it moves 1:1, I’ll put my SL back to BE.

Moved my SL to BE+10 pips.

[incipious]

@incipious

This pair is ranging from last January 2016. Just figured out it formed a pin bar and engulf candle. Risking 0.25% on this trade and 1:1.4 RR, I’m going for a long placing stop below the pinbar.

SL HIT… 0.26% loss.

[incipious]

@incipious

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…

Moved SL to +178 pips (+0.35%) and TP to +509 pips (+1.0%)… Let’s see how this ends up… Enjoying the ride…

[incipious]

@incipious

Got into this trade because there was a engulf pattern and also there was a pin bar. Taking 0.25% risk and 1:2 RR on this setup…

SL Hit… (-0.27%) loss.

[incipious]

@incipious

Took this trade because price was unable to break above the resistance and formed an inside Pin Bar. A bit risky setup. But no risk no gain. I would jump up on this trade on 15th of this month but I missed the opportunity. As I’ve came up with the idea of this new naked trading from yesterday, I am going to jump into it now. Risking 0.20% and RR 1:2.

Moved my SL closer to BE. Because I want to ride to that swing and I don’t want to be stopped out by SL… Now the risk of this trade is 0.06% and profit target is 0.42%…

[incipious]

I’m not a big fan of trading range, but this setup caught my eye… Risking only 0.15% or my account and targeting 0.27% for this setup… RR is 1:1.68… I’ll move my SL to BE as soon as I see some downward thrust.

[tonyro44]

This is a very large range where is much easier to make some $$
, i like this trade inipious.

@incipious

I’m not a big fan of trading range, but this setup caught my eye… Risking only 0.15% or my account and targeting 0.27% for this setup… RR is 1:1.68… I’ll move my SL to BE as soon as I see some downward thrust.

[incipious]

This is a very large range where is much easier to make some $$
, i like this trade inipious.

Let’s make some pips together… And share your charts if you have any trading ideas.

[incipious]

@incipious

Moved my SL closer to BE. Because I want to ride to that swing and I don’t want to be stopped out by SL… Now the risk of this trade is 0.06% and profit target is 0.42%…

Moved SL to BE…

[incipious]

@incipious

I’m not a big fan of trading range, but this setup caught my eye… Risking only 0.15% or my account and targeting 0.27% for this setup… RR is 1:1.68… I’ll move my SL to BE as soon as I see some downward thrust.

SL Hit 0.17% loss…

[incipious]

@incipious

increased the TP from 1:1.58 to 1:3. Because it seems the price is more likely to move further downside. Once it moves 1:1, I’ll put my SL back to BE.

Moved my SL to +0.80% Profit and TP to +1.00% Profit…

[incipious]

@incipious

Moved my SL to +0.80% Profit and TP to +1.00% Profit…

SL Hit… 0.82% Gain

[incipious]

@incipious

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.

SL Hit -0.27% loss.