Time for a change here 
I am going to revive this thread with a twist.
In essence,
TF: 4HR, Daily
Pairs: EUR/USD, GBP/JPY, USD/CHF, GBP/USD, AUD/USD
Strategies: Mostly Price Action Based, zero indicator except fractals.
TF: 3 min
Pair: EUR/USD
Strategies: Price action based, same as above.
Welcome to Babypips and this is a really good way to learn. I wish you good luck with your trading.
Thanks gs8888!
Here are some of the potential trade set-ups that I will be entering/ looking out for on Monday.
GBP/JPY Short
I would be looking to enter this trade when the market opens, I would prefer not to enter trades on Friday because thereâs the weekend risk that market might gap up and violate the pattern.
As with all my future trades on the GBP/JPY, my exits will be based on weekly support/resistance lines and how price reacts to them, I will be looking to scale into this trade through candlestick patterns it forms along the way, and I will tighten my stops based on structure/candlestick patterns.
The rest of the pairs have no clear potential trade set-ups as of now.
Once the spread on GBP/JPY tightened to 5pips, I have entered 0.10 lot sell order with a limit order at 128.905 and initial stop loss at 129.613âŚ
T/P will be revealed soon once 4HR bar is closed and new pivot lines are drawn on my chart. 
Updated:
It is a simple play for the pair to return to the pivot line and from there I will watch to see which direction this pair will head and trade accordingly.
Update: T/P hit.
Update:
T/P hit, 
I woke up late today so I did not manage to get into the AUD/USD trade:
But I placed a limit order instead, Not going to chase the market, will let it come towards me
Update:
Order filled
Update:
I was stopped out for the AUD/USD trade, thereâs potential to go long here if I get a good signal.
Last month of October we saw one of the easiest trading months of the year. Most of the strategies I am using here will have produced excess of 1000 pips on each of the pairs I am tradingâŚ
Hopefully november turns out equally well!
A passage from the Alchemist that I find amazingly inspirational. Whatever you take away from it, it is the correct message
âListen to your heart. It knows all things, because it came from the Soul of the World, and it will one day return there.â
*
They crossed the desert for another two days in silence. The alchemist had become much more cautious, because they were approaching the area where the most violent battles were being waged. As they moved along, the boy tried to listen to his heart.
It was not easy to do; in earlier times, his heart had always been ready to tell its story, but lately that wasnât true. There had been times when his heart spent hours telling of its sadness, and at other times it became so emotional over the desert sunrise that the boy had to hide his tears. His heart beat fastest when it spoke to the boy of treasure, and more slowly when the boy stared entranced at the endless horizons of the desert. But his heart was never quiet, even when the boy and the alchemist had fallen into silence.
âWhy do we have to listen to our hearts?â the boy asked, when they had made camp that day.
âBecause, wherever your heart is, that is where youâll find your treasure.â
âBut my heart is agitated,â the boy said. âIt has its dreams, it gets emotional, and itâs become passionate over a woman of the desert. It asks things of me, and it keeps me from sleeping many nights, when Iâm thinking about her.â
âWell, thatâs good. Your heart is alive. Keep listening to what it has to say.â
During the next three days, the two travelers passed by a number of armed tribesmen, and saw others on the horizon. The boyâs heart began to speak of fear. It told him stories it had heard from the Soul of the World, stories of men who sought to find their treasure and never succeeded. Sometimes it frightened the boy with the idea that he might not find his treasure, or that he might die there in the desert. At other times, it told the boy that it was satisfied: it had found love and riches.
âMy heart is a traitor,â the boy said to the alchemist, when they had paused to rest the horses. âIt doesnât want me to go on.â
ďżź"That makes sense," the alchemist answered. âNaturally itâs afraid that, in pursuing your dream, you might lose everything youâve won.â
âWell, then, why should I listen to my heart?â
âBecause you will never again be able to keep it quiet. Even if you pretend not to have heard what it tells you, it will always be there inside you, repeating to you what youâre thinking about life and about the world.â
âYou mean I should listen, even if itâs treasonous?â
"Treason is a blow that comes unexpectedly. If you know your heart well, it will never be able to do that to you. Because youâll know its dreams and wishes, and will know how to deal with them.
âYou will never be able to escape from your heart. So itâs better to listen to what it has to say. That way, youâll never have to fear an unanticipated blow.â
The boy continued to listen to his heart as they crossed the desert. He came to understand its dodges and tricks, and to accept it as it was. He lost his fear, and forgot about his need to go back to the oasis, because, one afternoon, his heart told him that it was happy. âEven though I complain sometimes,â it said, âitâs because Iâm the heart of a person, and peopleâs hearts are that way. People are afraid to pursue their most important dreams, because they feel that they donât deserve them, or that theyâll be unable to achieve them. We, their hearts, become fearful just thinking of loved ones who go away forever, or of moments that could have been good but werenât, or of treasures that might have been found but were forever hidden in the sands. Because, when these things happen, we suffer terribly.â
âMy heart is afraid that it will have to suffer,â the boy told the alchemist one night as they looked up at the moonless sky.
âTell your heart that the fear of suffering is worse than the suffering itself. And that no heart has ever suffered when it goes in search of its dreams, because every second of the search is a secondâs encounter with God and with eternity.â
âEvery second of the search is an encounter with God,â the boy told his heart. âWhen I have been truly searching for my treasure, every day has been luminous, because Iâve known that every hour was a part of the dream that I would find it. When I have been truly searching for my treasure, Iâve discovered things along the way that I never would have seen had I not had the courage to try things that seemed impossible for a shepherd to achieve.â
So his heart was quiet for an entire afternoon. That night, the boy slept deeply, and, when he awoke, his heart began to tell him things that came from the Soul of the World. It said that all people who are happy have God within them. And that happiness could be found in a grain of sand from the desert, as the alchemist had said. Because a grain of sand is a moment of creation, and the universe has taken millions of years to create it. âEveryone on earth has a treasure that awaits him,â his heart said. "We, peopleâs hearts, seldom say much about those treasures, because people no longer want to go in search of them. We speak of them only to children. Later, we simply let life proceed, in its own direction, toward its own fate. But, unfortunately, very few follow the path laid out for themâthe path to their destinies, and to happiness. Most people see the world as a threatening place, and, because they do, the world turns out, indeed, to be a threatening place.
âSo, we, their hearts, speak more and more softly. We never stop speaking out, but we begin to hope
that our words wonât be heard: we donât want people to suffer because they donât follow their hearts.â âWhy donât peopleâs hearts tell them to continue to follow their dreams?â the boy asked the alchemist. âBecause thatâs what makes a heart suffer most, and hearts donât like to suffer.â
From then on, the boy understood his heart. He asked it, please, never to stop speaking to him. He asked that, when he wandered far from his dreams, his heart press him and sound the alarm. The boy swore that, every time he heard the alarm, he would heed its message.
That night, he told all of this to the alchemist. And the alchemist understood that the boyâs heart had returned to the Soul of the World.
âSo what should I do now?â the boy asked.
âContinue in the direction of the Pyramids,â said the alchemist. âAnd continue to pay heed to the omens. Your heart is still capable of showing you where the treasure is.â
âIs that the one thing I still needed to know?â
âNo,â the alchemist answered. "What you still need to know is this: before a dream is realized, the Soul of the World tests everything that was learned along the way. It does this not because it is evil, but so that we can, in addition to realizing our dreams, master the lessons weâve learned as weâve moved toward that dream. Thatâs the point at which most people give up. Itâs the point at which, as we say in the language of the desert, one âdies of thirst just when the palm trees have appeared on the horizon.â
âEvery search begins with beginnerâs luck. And every search ends with the victorâs being severely tested.â
The boy remembered an old proverb from his country. It said that the darkest hour of the night came just before the dawn.
The following is a set-up that I have identified with a buy order that is waiting to be triggered.
I will be looking to scale into this trade as the trade progresses but this is the initial parameters of the trade. The takeprofit shown on this chart will be fixed and is not adjustable as the trade progresses.
The stop-loss is adjustable based on price action if the trade triggers.
Nice set ups and good insight. Will be watching
Thanks! Your trading journal was what inspired me to start one in the first place
I relooked at the charts and saw that price actually broke the highs of the pinbar by about 0.8 pips and based on my backtesting, the signal is valid as long as price goes above the previous highs of the pinbar, regardless of how much it goes above.
As such I have entered into this trade manually:
There is another set-up that I am looking out for on the GBP/JPY:
The reason why the takeprofit is tentative is because I need to see how price action moves at the pivot line before I can decide where the final T/P is. If the pivot line is blown past without any chance for me to scale in, then I might move the take profit down. However, if another pin-bar is formed or some sort of trend continuation signal is formed then I will scale in and keep my original exits.
** As with all my set-ups, they are only valid for the NEXT 4 hour candle. If they are not triggered the trade expires and I will wait for a new set-upâŚ
This will be my last update for tonight:
Sunday/Monday trades review:
[U]Closed Trades
[/U]
0.10 lot
Entry: 128.905
S/L: 129.613
[B]T/P: 128.555
[/B]
P/L: 43.60
Entry: 1.03539
[B]S/L: 1.03706
[/B]TP: 1.02700
P/L: -16.70
[U]Open Positions:
[/U]
Entry: 1.59725
S/L: 1.59558
T/P: 1.61260
Floating P/L: 4.00
[U]Pending Trades:
[/U]
GBP/JPY Long
Entry: 128.323
S/L: 127.980
T/P: 131.039
[B]Account Equity: 1065.07
[/B]
Good luck to everyone reading this! May many pips go your way!
Latest Update:
My GBP/JPY trade was triggered and I was stopped out on it overnight -
In other news, I scaled into my GBP/USD trade based on my rules and shifted my stop-loss up accordingly.
Update:
EUR/USD Long Set-up (with buy stop order)
A scale in approach based on ATR.
GBP/USD Update:
From my observations, failed signals are great entry points usually with lots of stops above waiting to be taken out
Good luck to everyone!
This market has been pretty tough thus far! Maybe because it is election day! Lots of falseys here.
My GBP/USD trade was stopped out for a loss of of $23.
EUR/USD Trade got triggered though.
GBP/JPY and GBP/USD were very close to forming some reversal patterns but these were disrupted in the last fifteen minutes of the 4HR timeframe.
We will see how it goes, good luck everyone in this difficult market.
Update:
EUR/USD Trade still surviving :D, though second entry point not yet hitâŚ
Hereâs another one:
AUD/USD Short
GBP/JPY and GBP/USD have been playing tricks with me - everytime I go to my charts at 15 minutes before the close of the 4 hour candle, it will always show me a very nice reversal signal BUT it always manages to reverse in the very last 15 minutes⌠Must be telling me something⌠very tempted to enter but I think I will stay away Follow my rules
It was triggered and went well in my favour for a bit, and then suddenly it pulled back into a pinbar! I exited at break even because I happened to be at the computer.
Didnât journal about this one before but here it is!
Account Summary 7 Nov 2012
Closed Trades:
GBP/USD Short
Entry: 1.59893
S/L: 1.59696
T/P: 1.61260
Entry: 1.59725
S/L: 1.59696
T/P: 1.61260
Stopped out.
Entry: 1.04175
S/L: 1.04471
T/P: 1.03058
Manual Close
$0
Entry: 1.28420
S/L: 1.28550
T/P: 1.30900
Stopped out.
+$130
Open Positions:
Account Equity: $1257.00
Account Balance: $1125.16
Cheers!
Update: I was stopped out on every of those positions overnight!
Current trade:
