Thread: Price Is Everything - Lets Focus on Price and Swings

As price is everything, let us concentrate on price, support and resistance, and prejudice. I will be posting my entry exits as well as analysis on price action and confluences. You also feel free to talk about your ideas along with your analysis. We could make it right.

Most error trader makes are that they are not consistent. Consistent at making transactions I mean. The majority of them give up after executing few successive reduction on a specific egy. I am not an exception from this. But from today I will try to concentrate on market on daily basis.

I have also dedied a cent account for testing my entrances and exits because demonion is something which doesn't gives emotional stress. I will take around 0.25% risk on trendy market and on higher time frame where as I will risk 0.15% of my account in range market. But I might higher up the risk later on. . As this egy is in test format I don't want to risk a lot of money in single trade. . I will continue doing so until it hits 30 percent drawdown... A lot of matter to talk about but let us start posting transactions. I will update this introductory post later.

#Update One: I am devoting this account for every single trade that I make using this egy. . I have made a cent account with $100 and monitoring up my system with this cent account.
MyFXBook Link: https://www.myfxbook.com/members//-mtv2/1725894

NOTE: I had been active in a different forum. . I have copied and pasted the exact same thread here so I can discuss it with more people. . I will instantly update here as well from today. .

UPDATE ON 07-27-2016, 06:34 PM GMT 6

USDJPY H4..Executed my next trade. Risking 0.25percent of my equity. RR is 1:1.58 with this trade setup. Let us see how this ends . .


Update On 07-29-2016 04:02AM

Improved the TP from 1:1.58 into 1:3. Since it seems the price is more likely to move additional downside. When it moves 1:1, I will put my SL back to BE.


Update On 07-29-2016 1:36PM
Moved my SL to BE 10 pips.


Update On 07-29-2016 9:26PM
Moved SL into 178 pips ( 0.35%) and TP into 509 pips ( 1.0%). . Let us see how this ends up... Enjoying the ride. .

Update On 07-28-2016, 12:55 AM GMT 6
Another transaction setup found and jumped right into it. . As it is in lesser time frame, I'm going to risk only 0.15% and 1:2 RR with this trade setup. Confluence with 61.8 along with a pinbar.


Update on 07-28-2016, 03:36 PM
Hit by SL. . 0.15% reduction.

Update On 07-28-2016, 03:21 AM GMT 6
NZDCHF (D1). . Got into this trade by viewing this engulf type candlestick. Although the engulf was created previous day, I was waiting for now to find out if I could enter some discounted price. . And I got it. . Placed Cease loss only below the recent low. There was also a historical resistance level which turned to assistance. Trend is up slopping. Risking 0.25percent of my account and 1:2 RR.

Update on 07-28-2016, 03:27 AM

AUDCAD D1... As usual 0.25% risk with this transaction. . RR is 1:2. . But I may continue riding this trade once it moves 1:1, I could transfer my SL back to BE and continue riding it on till the end of this because the overall trend seems to be downward. Well I shouldn't call it downtrend but it is a range type pattern but thrust is on drawback if you zoom out of the chart.

Update on 07-28-2016, 03:37 AM
AUDJPY D1.. Took this transaction because price was not able to break above the resistance and shaped an interior Pin Bar. A bit risky setup. But no risk no gain. The chance was missed by me although I would jump up on this trade on 15th of this month. As I've came up with the notion of this new nude trading from yesterday, I am going to jump right into it. Risking 0.20percent and RR 1:2.


Update on 07-30-2016 2:02AM
Moved my SL closer to BE. Since I wish to ride to that swing and I don't wish to get stopped out by SL... Currently the risk of this trade is 0.06% and profit goal is 0.42%. .

Update on 07-29-2016 3:36PM

EURUSD H4.. Got into this commerce because there was a engulf pattern and there was a snare pub. Taking 0.25% risk and 1:2 RR with this setup. .



Update On 07-29-2016 9:40PM

SL Hit. . 0.27% loss.

Update On 07-29-2016 3:25AM

NZDJPY D1.. This pair is ranging from past January 2016. Just figured out it shaped a trap pub and engulf candle. Risking 0.25% with this trade and 1:1.4 RR, I'm going for a lengthy placing stop beneath the pinbar.



Update On 07-29-2016 1:40PM

SL HIT. . 0.26% loss.

GBPUSD H4.. I'm not a big fan of trading range, but this setup caught my eye... Risking only 0.15% or my account and targeting 0.27% for this setup. . RR is 1:1.68. . I will transfer my SL to BE as soon as I see some downward thrust.

Originally Posted by ;

hail yeeee, price itself is an indior. Lets actions.

Liked the tagline... Let's action