I was only around for LO today, i waited for the Judas up to blow out the highs from last week and entered at 1.3271… I took off 1/4 at +25 pips, but then got stopped at BE before the drop, so missed out on the major pips
But still, id much rather be 0.37% up, than down lol
Glad somebody got the pips on that move today…
Wack!! Traded against the H4 market flow and paid the price dearly!
My reasoning for entering long would be that we were in the buy pivot zone, and the price had made a Judas swing lower into a potential area of support (OTE from a few days back). Ah well, that’s how it goes!!
nice one muscles! you caught the low of the day man! did you get in at LO or NYO? looking forward to your analysis too. I saw a set up on the Fiber today but it was in hind-site by about an hour, I posted it on the millionaire guild thread.
Sorry this is so overdue, yesterday was pretty hectic!
Pair: GBP/USD
Bias: LONG
Entry: 1.6160
Exit: 1.6200 (50%), rest sitting with stops at BE
Result: [B]+40 pips[/B] (50%)
It’s actually quite strange that I would go against the H4 market flow again having just experienced a nice loss on Wednesday doing the exact same thing. But nevertheless, it worked
Reasons for entry:
Judas swing down into major support level (1.6160)
1.6160 had proven itself as a strong support level in the past (scroll back a couple of days and take a look)
Pivot Buy zone at S1 (we touched this during LO, my entry was when price came back down to 1.6160 during NYO)
Just an update - I haven’t traded the past couple of days, I’ve just been swamped with other things (joined a new gym) and so I haven’t checked the charts in awhile, but I did notice we dropped below 1.30, very interesting! I will hopefully be back up and running tomorrow or Thursday, raking in the pips ICT-style!
Right so straight back into the fray starting tomorrow! Whether I take a trade or not is a different story, but nevertheless, I have decided to also include the myfxbook link I mentioned before, so that I can’t hide away any glaring errors I want to maintain full transparency, so please also feel free to point out my lapses in risk management and trading at inappropriate times of day.
Just to point out; my goal in trading is to build up a small account to something huge using the wonders of compounding, so I have no intention of withdrawing any of this money. I will, however, be making withdrawals from the accounts of others, God-willing
Man am I trading like a retard I’m going to take a break for a week or two until things have settled down with the job - I am repeating my same mistakes from before, the most significant of which would be trading without proper charts and the usual ICT tools…
I will include my analysis after work In conclusion I think the LO trade was a loss because I entered even when I knew the ideal entry would be around 1.2580 (my stupidity ;)). Nevertheless, a bit of positive progress to reaching break-even again is always welcome!
I think its scary, i take a lot of the same trades you do! lol
Posted mine in Millionaire guild thread… I got in at the 1.258 at LO, but could have even got in at 1.26 fig…
Still got mine open, but taken 3/4 off
My target for GBPUSD was 1.5600 as shown below. This was primarily due to the fact that we hadn’t yet reached the 161.8 level on the Monthly Trader’s Trinity, so this week I was waiting for a nice opportunity to get in short, and that arrived during this morning’s LO.
Price rose nicely during LO and just took out the previous day’s high at 1.5716 (was hoping for an entry of 1.5720).
Market flows were bearish, so no reason not to take that short!
In addition, there was some nice bearish divergence between EU and GU during LO and between GU and USDX.
Pair: GBPUSD
Bias: SHORT
Entry: 1.5710
SL: 1.5740
Exit: 1.5641 (S1 Pivot)
Result: [B]+70 PIPS[/B] (Closed entire position for this amount, as I was unable to access my broker at work)