GBP/JPY sell trade breakdown including different conformations I look for
Can't take a screenshot on the 5m so you guys have to deal with the 15m but he's the daily analysis
Had lots of conformation for a 5m scalp sell trade here so i took it :))))
Here are 10 lessons you should learn in forex and key information that would benefit all traders!!!!
Quick 1:5 RRR I believe in keeping my S/L just below the previous break of resistance as if price was to break below it will keep doing so. So having a tight stop loss is beneficial for larger gains and identifying if price goes below that area it will keep going. Bare in mind market manipulation is a thing so don't change your strategy if your stop loss is hit...
Trade started at 5 and ended at 7:30am so just at the end of the Sydney session which ends at 6am. Simple analysis
Same analysis and stuck to my plan of looking for key points of resistance and trend breakouts.
Beautiful breakout out trade nice RRR, unexpected as the move wasn't in the London session.
Changing the chart colours helped me to trade as I am currently trading towards a funded challenge there is a lot of mental psychology involved and trust in your stratagey and its hard to see your perfect setups loose or even have a couple failing trades in a row. There's been a couple of times where I got caution and read the trading view chat which influenced me...
Trying to show the people who are new or even experienced what a trailing stop loss can do on a news event or a reversal trade no matter what strategy you using unless you scalp and trade very low time frames this won' effect you. By trailing your stop loss you can really get the most value outta your trades. The power of trailing your stop losses can really flip...
simple resistance and trend line break. Always trading with the trend and never against it unless negative news comes out against the pair you are trading, that is the only reasons you should trade against the trend for your specific pair.
FAST TRADE another high RRR!!!!!!!!!! very tight risk on this as i was scalping and wanted higher profits and didn't expect price to push to high as there is quite a lot of resistances above it.
Simple news trade based of the consumer confidence but should be taken likely as it has a mild affect on the market. Along my side top down analysis and my breakout strategy I took the trade. Basically I make money free