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Consistency

GBPUSD FORECAST update analysis and lessonThis is an update as to what im looking at on GU and why im looking at this. Pay close attention to the drawing, theres some nice lessons in this one. Im looking for swipes of the buy side and sell side liquidity which you can be seen in the green, at the moment financial institutions are stacking orders (building liquidity) which is creating this correction. Once liquidity has been taken the move will continue. Preferrably im looking for a sell to continue with the momentum down however i will take a buy down the bottom also as long as it fits the description. As you can see in the drawing im looking at this as a higher time frame continuation down. Generally flags have two highs and two lows, if you cant see this its a good idea to look over different time frames in order to find it to gain clarity of what is happening which is what i do
by Bill-from-The-trading-Cartel
1
EURUSD forecasted trade taken EURUSD AS FORECASTED ON MY TRADINGVIEW WALL. EU Ended up filling the criteria for one of my entries types after a slow long wait tonight. We finally had a nice sweep and series of mitigations to place a limit entry at the very back of my point of interest (the best place to get the entry). As you can see when you get it right you can have pin point accuracy and get an immediate reaction. Lets see how far we can push the trade now, partials taken to BE the trade.
Long
by Bill-from-The-trading-Cartel
1
EURUSD FORECASTED TRADE TAKENEURUSD AS FORECASTED ON MY TRADINGVIEW WALL. EU Ended up filling the criteria for one of my entries types after a slow long wait tonight. We finally had a nice sweep and series of mitigations to place a limit entry at the very back of my point of interest (the best place to get the entry). As you can see when you get it right you can have pin point accuracy and get an immediate reaction. Lets see how far we can push the trade now, partials taken to BE the trade.
Long
by Bill-from-The-trading-Cartel
EURUSD forecast Looking for longs in this area. Lines up perfectly with the the US currency index as well. The point of interest mentioned / OB is what caused this BOS. This is where the orders were that created the push up so price should gravitate back down to the origin of the move and fill the imbalance in the market and have a reaction. I will look for an entry on the lower time frames. for my entry i will use the 1/2/3/4/5 min time frames and see what is the cleanest at the time of entry
Long
by Bill-from-The-trading-Cartel
3
EURUSD forecast Looking for longs in this area. Lines up perfectly with the the US currency index as well. The point of interest mentioned / OB is what caused this BOS. This is where the orders were that created the push up so price should gravitate back down to the origin of the move and fill the imbalance in the market and have a reaction. I will look for an entry on the lower time frames. for my entry i will use the 1/2/3/4/5 min time frames and see what is the cleanest at the time of entry
Long
by Bill-from-The-trading-Cartel
17
AUDJPY - Possible Opportunity? When people decide to learn how to trade, it’s usually because they have been fed this idea that trading will be the answer to all their financial troubles. Yet for me personally, that idea couldn't be further from the truth. Now I am not saying that trading cannot give you a better life or offer you more time to do the things you love, but rather that troubles, be it financial, personal, or even relational are an inevitable part of life and no amount of money can dispute that. The moment you are able to accept this reality, the easier your journey will become. Too many people look to trading as the answer to their troubles, yet if you, not careful trading can very easily contribute to your existing challenges. So for those of you looking to take trading up as a profession, remember, it’s not going to solve all of your problems, in the early parts of your journey you may experience levels of frustration that you never knew you could feel. You will be faced with decisions that may even drive you insane, "should I buy or should I sell? Maybe I should stay out; but what if I'm right? HAAAAAAAAA" But if you continue to commit, if you continue to persevere, the journey will get easier. You will feel happier, you will learn to accept that you don't have to have all the answers and that you don't have to be right to be successful. You just have to endure, persevere, and commit, and that will help you live a better, happier, and more fulfilled life. With all that being said over here we are looking at the AUDJPY for a potential short. As with many things in trading, there is no certainty, only probability, and based on my trading system I find that there is tremendous opportunity to short the AUDJPY. The reasons are as follows: 1. Price is on a key Area of Value (AOV) 2. Potential 2nd touch at the top of the daily ascending channel. 3. Intra-day triple top. 4. 1H ascending channel. These are the 4 key reasons that shaped my bias for this pair. However, I would like to ask that you share your thoughts, and please feel free to ask as many questions. For more information check out: www.wealthtip.co.za
by DeanMuller
Bearish pressure continue after huge impulse to the upside?Hey traders! Hope you are doing well and have a good weekend! Let's look on out first currency pair USDCHF. The overall trend on HTF is clear to the downside. I can see a range between 1.9200 - 1.9035 (160 pips). Also we got H&S pattern on lower timeframe which gave me more confirmation about trend reversal. On 4H timeframe you can notice a lot of wicks rejection from our key level. So my main target will be to the downside to 1. 9035. Will be looking for long positions ONLY if we will break 1.9200
Short
by Infinity_Limits_Trade
Will we go one more time to 137.000?Hey traders! Hope you are doing well! To be honest with you, there is nothing special for me about the markets for now. Still there is an indecision between bulls and bears. According to my main list there is only one pair for now. It is GJ. Higher timeframe shows me the bear strength and think it will continue. So for now we have a range between 134.000 - 137.000. According to my trend line on 4H timeframe we can go one more time to 137.000. But let's see how the market will open on Monday. Happy weekend to everybody!
Long
by Infinity_Limits_Trade
What does consistency in trading mean?I just want to share what I find today about consistency. Many of you might already know what it means to your trading. I have spend many months from a beginner in this trading world, to... still a beginner. I have always question myself when will I become a consistent profitable trader. How can I tell if I am one? Mark Douglas suggest that we take a 20 trades sample for the strategy, the more controllable variables for a trade, the more easy for us to replicate the strategy. The result will be what it is. Then modified, tweak, and learn then refine the strategy. Then I think to myself, what if that 20 trades sample size turn into continuous measurable tool for consistency. Introducing 20 simple moving average trade, where we use result of the trade to plot simple moving average. I know it sounds so simple and obvious. It takes me almost a year to realize this. Instead dollar amount, we use R as unit of risk (from Van Tharp), R as unit of reward. So that we transform $ amount world to "R-world". 5 years from now, $ amount of a transaction might change, but we will be always risk 1R for every trade (1R might be 1%, 2%,...). Overtime, if we see SMA of results of R kind of swinging around a zone, that is consistency. Example in the graph. That's all, thank you for stopping by. I hope you have a good journey in trading. Keep calm, and be a profitable trader.
Education
by Bach_Tran