OANDA:AUDUSD   Australian Dollar / U.S. Dollar
price got very close to my SL but did not trigger my SL so im still holding Long. good luck
To save yourself a lot of time, if you're still a beginner in trading forex, I strongly suggest you purchase a trading course. A good one released not long ago by a renowned trader is masterclass by Irek Piekarski. By not skipping the education part you will save yourself lots of struggle and time to learn and master what could've been done in a month rather than a year and more.
You opened your position too soon for a reversal. You always have to wait for a confirmation before opening a position.

I see that your chart is missing EMA's. When the price breaks over or under the important ema's: 20,50,200 (You can add the 10 too if you want) and finds support on top of it, it means that the market is shifting of direction.

Only once it finds support on top of those ema's you can enter for a reversal. This way, you increase your change of success by a ton.

Just my 2 piece of advice.

This position could just as well be a reversal or a continuation further below at the moment. It is still early to tell.
fxlondon00 AwesomeMoMaker
@AwesomeMoMaker, thank you for reply iv been trading 6 years now and lost most of my money in the first 3 years iv been threw all the begining stages looking at the charts 24 hour strait go sleep wake up and look at the charts again and again loool :) iv seen and lerned from a lot of traders in those 6 years but still the forex would give but take!! the one thing I have done right is to never give up and I was determined to know how to be profitable in this game, because I knew this can work so I study and I study so much my wife even questioned herself she gave up hope saying this is gambling lool I use to always say back to her ( this aint gambling it mathematical prodiction there a difference ) any way after 3 to 4 years of studying I relaised how simple the market is and strait forword form a wise man who is so powerful in this game but quit and composed he show me something that changed my whole life that was support and resistance and engolfing candles like right now I win 6 to 7 trades and 1 lost there and there. when i enter a trade it will always be on a big resistant or support were you can look back in years and see that it holds very strong, I understand were you say I jump in a trade early but i know even before the ema tools indacaters were the market needs to go I try trade like the bank :) they say 90% traders lose and the 10% are profitable 90% people use indicators 10% like us look at the market in a goverment view ie bigger view. thats why the market so powerful because its about money. im goner stop rumbling now lol I will post my trade as much as I can so you understand I try get in early were that one trade will wave for the whole week sometimes I take one trade a week but im talking 8 to 1 profits... im goner stop rumbling now il try post my trade often this my first time on a website like this lol good luck
AwesomeMoMaker fxlondon00
@fxlondon00, Hey, I'm very happy to hear that you're doing good and that you actually have a very specific strategy! I was sharing my advice and knowledge with you in hopes that I may help you. If all is good, then I wish you all the best ;) . Also, using indicators doesn't necessarily mean you're a losing trader. If you use it thinking it will tell you exactly when to buy or sell then of course, you're in the bushes. Using indicators with the charts itself altogether and being able to analyze and relate both can be very helpful. However, some people do trade without it just fine. I guess everyone has their own way and strategy.

Again, I'm happy for you and wish you all the best!
fxlondon00 AwesomeMoMaker
@AwesomeMoMaker, hi ill have a look at your stratergy and I don't mean if you use indicators you will lose like you said you use them wisely thanks for the advice I will follow you HAPPY TRADING
AwesomeMoMaker fxlondon00
@fxlondon00, That's awesome, keep it up! I have 3 specific patterns I trade. Continuation patterns (After a consolidation), Reversal patterns and Trend moves (Basically riding the trend on the lower timeframes like the 15 min on pullbacks or consolidation). I not only swing trade, but I am now day trading as well.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out