Hi Terminator, Some resources I used to learning (and still learning) price action are: url url url Then specific ones such as: url url url I also have my own screen shots of what I'm looking for - handy to look at every now and again to ...

90% of traders fail...

oh indeed yes

90% of traders fail...

Hi Terminator, Yes it can be difficult to give up on indicators and going naked! I remember doing that and I felt lost at first without a stochastic or a MACD. Anyway, if it works for you then great, keep going. Manage the risk so you're always able ...

90% of traders fail...

That's my preference too. As mentioned, it does depend on price action and the chart though.

Short on support breakout or under resistance?

It can be done - don't give up!

90% of traders fail...

Hi Terminator, Yes of course - anything is possible. I prefer to scale up rather than scale down. I use a position size calculator url like that one from baby pips. Easy and quick. THat allows me to always know what lot size I should use for a ...

90% of traders fail...

Yes - excellent advice.

90% of traders fail...

Hi MissH, You're welcome. What may be useful for people to realise is that in the last picture I posted, by the time I'd posted it my account was up by 23% (although I work in dollar risk, that's what it equated to). That's based off about a 3% risk ...

90% of traders fail...

Here's another run more recently - I missed the first trade (50% retrace) as I wasn't able to be in front of the charts. Entered a bit later though. On this one, the stops are already moved up to capture profit. Then I had to leave the charts for a ...

90% of traders fail...

I hope it's of some help to anyone - this is the way I use multiple entries to really boost the amount of pips gained. I look across about 10 pairs, but mainly trade 3 or 4. Sometimes a smaller run may last a couple of days. Other times it can be ...

90% of traders fail...

I just enter mainly on retracements, confirmed breaks of highs, perhaps mid-range pin bars. Stops are moved up all the time where there is a logical point, ie, when I enter a new trade, I move all previous trades to the same area as the new trade ...

90% of traders fail...

I enter on 50% retracements and close of 4hr candle above yesterday high (or a retrace of breakout back to breakout point) multiple times to my target area. Another 50% retrace entry:

90% of traders fail...

My second entry - a 4 hr candle closes above the high of yesterday. SL from T1 is moved up to be the same level as T2:

90% of traders fail...

Now I move to a 4hr chart - after the daily pin bar has formed. My first entry is a 50% retracement of the move up:

90% of traders fail...

Draw my target area - this is 90% of the previous big move from major resistance to major support:

90% of traders fail...

Daily view of same time with good pin bar at support:

90% of traders fail...

GBP JPY Weekly chart with SR levels drawn:

90% of traders fail...

Hi Terminator, ok, I will post on here - give me some time to draft up some pics, entries, stops etc and I'll get it on here for people to see. I have some already, so shouldn't take too long. Cheers, Phil

90% of traders fail...

Hi PipC, Yes, I draw weekly S/R areas in, then move to the daily timeframe when the price is close to them. Then look for the entry. Only the first trade it at half risk - the remainder at at full risk. Yes the stops are all managed individually and ...

90% of traders fail...

Patience is required.

Dragon Riders GBP/JPY