Hi all,
even if i’m not new to babypips community, this is my first topic, so excuseme if i’m doing something wrong…
first, let me explain how i’m trading…
approximetaley like all traders, at the begining,i started to forex with my emotions like, “if it is too high, i beleive that it should get down so sell it!!!” of course, i loose and explode so many demo acoounts…
than, i heard that, there are some indicators that tells you price movements like a wizard who is looking to magic ball… of course, it didn’t take to much time to understand that this is not working…
than i heard about price action that price movement between support/resistance lines or acrross…
and now, this is my last bus stop, is tick to this approach and even if i’m not winning so many trades, i’m not exploding accounts… actually i’m in the profitable side after 3 months…
i’m drawing support/resistance lines according to fractals(30 days), if there is three fractal points at the same line, this is my support or resistance line…
but for the last week, something interesting has happened… i take positions like every time, if price get to an support or resistance line and stall there, than i thougt that it will return so i take positions on reversals… but almost for all my trades for last week, positions touch to stop loose and stall at the SL level… this is very interesting for me… so i thougt to open my first topic to ask babypips community if you have any idea about what’s going on on market… i’m pasting examples of my trades on 1H and 1D time frame and i guess, you will understand how i trade and what i’m talking about when i say coincidence…
USDJPY 1H ( as you see, it touched to my stop loose and than stall)
USDJPY 1D (i thougt that it braked out the resistance line and going to retest it becouse of some undecided candles and peak that i marked it with blue arrow)
almost same for GBPUSD 1H touch to SL and stall
Almost same for GBPUSD 1D
Almost same for USDCHF 1H touch to SL and stall
USDCHF 1D (Just like USDJPY 1D, i thought that it will go back to retest the resistance line as support)
GBPCGF 1H almost same as befores, brake out the line ,touch to SL than stall…
NZDUSD same as befores…
these are my graphs and i hope, i totally explained what i’m talking about… thanks in advance for your very very valuable ideas and approaches…
have a good evening everyone…