This could be a nice BEEB at swing high and key level. It should be countertrend though. The longterm downtrend appears to have come to an end with this new higher high. I don’t know if i will take it cause i’m really getting burned with countertrend trades. Any opinions
Cheers
the market is choppy and dont take trade before the day close
Stay away from that trade its not ready for anything at the moment worth a low risk high reward setup. I’d rather wait and let today’s daily bar close and then also wait for another daily bar to close and if that second daily bar fails to close higher i would then consider it a lower high and wouldn’t mind looking for a bearish setup intraday with a stop just above that last candle’s high with a Fib projection level for a profit target and exit.
Look guys I wrote possible BEEB in the previous post…waiting for midnight and even if the candle is good i would have to assess whether this trade is for me or not…i was just highlighting this possibility so chill out ! 
I see a Support level at .83461, too close to the break of the setup…
I liked you chart sooo much ddi that i went in and took a short trade or counter trend , EUR/GBP .8362 and all i want is just small amount of pips.:5:
Then I would say yes. I understand that these pairs are headed into some old traffic, but their price action stories are strongly suggesting to me that these trends will continue. For how long? I cannot say. But I’ll ride it until it’s over.
ahahah tonyro calm down man i don’t wanna get you into trouble…do not rely on me too much 
I have allot of faith on you man, look i am in the money already .
Don’t worry, Tony is an old trader and brings together many confluences and various trading tactics before jumping into a position.
Best
Now i’m getting real curious. Tonyro can i ask you which are the factors that made you enter this trade and how you re going to manage it? apart from the BEEB obviously…i’m just asking cause i’d like to learn more from experienced traders…
Cheers
FTA = First Trouble Area which means you setup a trade and you see for example lot of traffic or minor R/S levels where the price could get into than you close it earlier than it’s suppose to be. Whether you close it as you’re wining or losing. If you’re gaining than close it at FTA because you want to lock that profit you earned. If you’re losing than close it at FTA because you don’t want to lose more. Pretty much this is the simplified idea behind it.
Yes, correct the SL for this trade was 200 pips and I closed it at 30 pips. According to Jonathon’s method the Risk/Reward is a myth. I know it’s harsh but he explains it better.
I’ve been doing Jonathon’s method for a while and I took many risky Risk Reward trades like this one. I’ve been also keeping a trading journal for a long time and let me tell you I’m still winning. The price is my guide not the R/R. If I focused on R/R than I would not take like 98% of the trades.
And as Kasravi the FX-Men Honorary Man says:
I can’t speak for Heisenberg, but we aim for taking sure fire profits from the market. That means sometimes putting an unbalanced stake at risk. I can’t advocate here how much, but what I do advice to every trader is to go for a trade that offers a very high possibility of hitting FTA, then take some profit and go be and see how the rest playes out.
Doing that pays off big over time,even if the r:r is not so appealing
No offense, but that trade is horrible. Your R:R is atrocious, where had you your stop? If you keep taking these kind of trades, make sure you are saving to fund a new account…
I wouldn’t call it horrible. BUEB was perfect at the perfect place. Of course I wouldn’t have waited to lose 200 pips if price is going down. I’m not that stupid. I know when to close the trade that’s it.
I cant say that the BUEB was perfect in my eyes in placement but the whole R:R idea in itself is silly and hinders so many people when its just a matter of risk appetite. I personally prefer the .2 to 1 type of R:R because it works better for me. Find what works for you. Same as bodybuilding.
I can see two different methodologies clashing here for R:R but I’ll say this. It depends on your risk appetite. More leverage or more pips? Pretty straightfoward.
Stay classy!
thanks for the advise .
a question , what is your suggestion to take positions that need 100 pip stop and fta very close ? I mean , how much space between the order and fta should be to take a position ?
Good Luck
as an example , we’ve 2bar reversal on eur/gbp and fta very close , about 10 pip below the order .
What would you do in this example ? would you take it ?
