Ya, you may be right but interestingly, I see the same GBPUSD as you do! What you say now (lol…)
Here is the GBPUSD chart where there is a possibility to re-bounce at the 1.50100 area (support) so lets get tight for long there…(if the price do not break this support and reach 1.48300 area)
But if you see 4hr and daily chart, there is no signal yet to go long! At least avoid 15 min charts while dealing with price action.
Dany I have noted that you have been posting some excellent trades yet you are relatively new. Are you done with the Advanced Price Action Course | 2nd Skies Forex classes?
Agreed… closed the trade… looks like bear exhaustion on the h4 right now… shall sell on pull back near 12935
Well I don’t have upside weekly targets in terms of performance. But generally, when i’m winning, I keep trading until the pattern changes.
If you see opportunities - trade them.
Kind Regards,
Chris Capre
Hello Traders,
Hope you had a good 4th. With tomorrow being NFP + low liquidity, any strange print on tomorrow’s jobs report could send the pairs railing which I’m kinda expecting. If I had to lean, i’d stick to being USD bullish, so more selling in GBPUSD and EURUSD.
The EU has continued to pullback towards the dynamic resistance forming pin bars off key levels and the 20ema which I talked about in my market commentary (chart below).
I’ll considering looking at sell signals towards 1.2975 which could offer strong resistance on any pullbacks targeting 1.2850 and 1.2775.
Good trading tomorrow.
Kind Regards,
Chris Capre
Looks like the down trend will continue here on GBPUSD…lets wait for a pull back
Yes Chris, I am also expecting a pullback at around 1.28900 and if you have time, let me know your thoughts on my GBPUSD setup chart above.
Hello Traders,
The AUD/USD short is my last trade for the week. Ahead of NFP release in the midst of a strengthening USD,
this looks like a good opportunity to short this pair.
- A falling trendline that the price was unable to break above.
- The formation of a Harami pattern after a bullish correction in an evidently bearish market at a former S/R level.
- Looming risk of recession in Australia.
So here is the trade:
Gotta get some sleep and resume at 7 am.
Dany
Heyyy…thanks for the compliment. I am almost through with the course.
Dany
All price action fans:
Here is one of my successful trade:
I am attaching two images for you that will show you what happened:
My TP was 0.96500
After my TP hit:
An excellent trade DE
good with trend trade
nice breakout
didn’t have to wait for days on this one
nicely done!
Momentum returned upon nfp data hence entry did not get triggered. I shall wait for h4 close and place an entry at the mid of the real body…
Hello DE,
Say what!
Had a good nap and woke up to this…
That aha! moment when Dany wakes up at 9 am and has already made pips overnight.
Dany
[QUOTE=“danyrexy;506656”]
Hello DE,
Say what!
Had a good nap and woke up to this…
<img src=“301 Moved Permanently”/>
That aha! moment when Dany wakes up at 9 am and has already made pips overnight.
Dany[/QUOTE]
It was a 50 / 50. AUDUSD would have exploded over bad NFP numbers. Both setups could be valid in this case, luck was on your side
Hello Danny,
Nice trade Yo. What a way to end the week ?
Keep rocking. Have a nice weekend.
Hello Traders,
Inspirational quote of the week comes from a friend, and former yoga student of mine - now turned yoga teacher who had this great insight;
If you keep ignoring every situation that challenges you, you’ll never outgrow your circumstance. I’m not religious, but even I know that Goliath was the best thing to ever happen to David.
~Mark Gonzales
As traders, we are faced with many things we probably do not want to do. Like fill out our trading journal, run performance numbers, sit on our ass when our system doesn’t produce any trades while other people are making money, following our system and money management, going to bed early so we can be fresh for the trading day, deal with being wrong, facing our fears/worries, etc.
But Mark succinctly points out our growth is most often found in the places that challenge us. There is a reason why there is something called ‘the comfort zone’ because that is where we get to keep things easy for us while not challenging our beliefs, strengths, weaknesses, the uncouth parts of ourselves that need work.
But this comfort zone is a delusion designed to keep us safe when in reality if offers us no growth, and just like all cells in life, you are either growing, staying the same, or dying. Yet in reality, staying the same in a world that is always evolving and growing is the same as dying.
Your only choice if you want to go forward is to grow, and the path that leads to growth always walks right up to your challenges where you have to face them and solve them. That is the only way forward in trading and in life.
I hope you enjoyed this quote, commentary, and that you have a great weekend.
Kind Regards,
Chris Capre
Hello guys!!
Im feeling super happy after Andy Murray made us proud (ending a 77 year Wimbledon drought!!) So Im going to write a happy message before the start of the trading week.
I can honestly say my trading has taken a fantastic leap over the weekend - I had that “aha” moment Im sure we are all familiar with! I now have strategies to trade the 5 minute, 30 minute, 1 hour, 4 hour and daily timeframe!
Ever since Chris made that interview a few months ago now, I was totally inspired to create a system that I could use to make money whilst sleeping… I can honestly say I think I have it with the daily timeframe!
So basically, the point of this post is to say two things:
Firstly, I will be posting many more trades (mainly demo) more frequently.
Secondly, I wanted to say thankyou to you guys here - I dont work for a fund which means I need to engage in some other way with people to keep my interest, and my friends call me crazy because at any moment the only things I seem to talk about are football, politics and the financial markets! So that means you guys are the closest to anything I know who can understand how liberating trading can be! So thanks for putting up with me.
Maybe Im just super excited from Andy Murray winning Wimbledon… Whatever it is, happy trading guys!
Remember: Control your risk on trades, or risk your control over trades!
Apex.
Hey Apex,
Good to hear that your trading is getting better…keep up and keep talking…its always good to talk to guys especially those of us who live at the crazy edge of the world.
Murray…gotta say damn!..although I am not a tennis fan, I was all for Novak…well maybe nest time.
Well wishing you a great week ahead n remember "“Trading is a dance, live the moves”"
Grix