EUR AUD

EUR AUD

Monthly

Q3 - price try to break below the HQV OSUS on July 2017 but it failed with the price closing above 1.4750 thus hinting a momentum bullish for the next 2 months period for a break out above 1.5250

Q4 - as of this month - the price presently has touch 1.5225 - 1.5250 price level with the next move either break or reject for a next play towards 1.4750 or above 1.5250 - 1.5750.

AUD USD

AUD USD

Monthly

Q3 - price has break out from the HQV OSUS of 0.7750 - 0.7250 and above the 0.7750 as of July 2017 with it`s target is towards 0.8750 if break 0.8250.

However, price remain fail to break or reach 0.8250 whereby the highest it could achieve by end of Q3 by September 2017 was at 0.8125, thus that signalling a failure to stay above the 0.7750 - 0.8250.

Q4- as it suggested by previous price move, bearish trend was on the move from 0.8125 towards 0.7750 and below. And as of now, it would seem that price will be back onto the OSUS zone by October closing

IF you were to sell anywhere from 0.8000 and above, you may hold the sell setup towards 0.7775 - 0.7525 - 0.7275 until a next move potentially either it will reject or break below 0.7725.

If price chose to reject the 0.7725 - 0.7775 with a bullish momentum / October closes above it - then the buy option remain open.

Quotes from successful traders

I usually risk more than the traditional 2% risk management. Say 10% or more, depending on the market conditions, every trade is always different. If it’s worth to risk big, I’ll go for it. If it’s not that convincing, I will not place any trade until I am deadly sure.

Scalper, slowly turn into a swing trader as I progress into a more matured trader year by year. I do trade oil n some us stocks as well in the background but my accuracy is more on gold. Not into trading the currency pairs much.

Snr n trendline zones. It can be either retracement or reversal orders.

Prepare all the possibilities first before you place your trade. Market is always bitchy. You can always control your risk n that is the main priority in handling your emotions. Anything else is simply beyond your control

It’s always snr n trendline in between high timeframes. Timeframe is a powerful thing if you understand it well. The clashing between these three is the strong confluences I will always look up to before placing my orders. Everyone’s idea of these group is different so it works differently for everybody. Mine just happen to be just a bit different from the formal ways.

I’d prepare in mind atleast 3-4 ideas of “what if price does this and that” and “what I am going to do”. Reason? So I am mentally prepared for anything weird lols The key to staying calm all the time, no emotional or revenge trading. That is the trading plan that works for me, atleast.

To be honest, I don’t really sleep during my early years of trading, woke up at 5am go to bed at 4am every single day. Today roughly, less than 2 minutes. I rarely look at the chart nowadays lols!

Above four years to really tackle the market in a right way. Learning is never easy, first year was full of cursings. Second year was hell, it’s just hard to get the right move! Gosh! Third year, things starting to make sense n promising but don’t be fooled by that lols! I’d say 4 years is good benchmark to get your trading edge IF you dare to fail n work hard enough.

Depending on my analysis n the trading plan, if the pre-claimed trade-target is located thousand pips away. I will compound more and put more orders. Never let a serious opportunity go to waste when you know what to do n when you have the power to do so.

Well earlier, for me I don’t even have any clue on that to be honest. I know it makes sense to me and easy to learn. If I think the method is weak in picking up strong retracements area for example. I’d spend the the whole day researching n read just on the retracements part only. then apply those readings in real trading, lots of win n fail moment in between attempt. And the cycle repeats for years.

Technical of course. Snr, trendline and correct timeframe usage.

Actually, I don’t see any point of giving too much attentions about other traders. You have your opinion, they have theirs. Most of the time, I mind my own business n work on myself a lot. Yes I take a look of their trades, profits, market view and everything but I’m not affected by anyone’s opinion at all to even follow what they’re saying. So it’s always about being your best self n make the best bet out there for yourself. If you care much about their view, chances that you’re putting your account at risk.

 I have four of them. Depending on the leverage of each account, I don’t really have a specific amount for that because different trade gives u different thrill n risk tolerence. I’d say the amount I’m comfortable n willing to lose in one trade it’s usually around 120K pound.

Youtube tutorials, random trading sites with the webminar, online courses and the mentorship course. I never purchase any book at all lols! Cuz I can find them on the net. All these are useless if you’re too scared to lose your money. Try n fail, feel the pain. They’re your best teacher.

Knowledge will help you with the technical parts. Experience act as your instinct when you’re running your trades. Why are you still holding your trades when market already hint you an early reversal n they’re ready to forget your TP. You gotta have them both balanced that’s it.

God I have no idea at all lols! Deep down something inside me is telling me it’s possible and it can be done. I just need to execute the right trades and repeat them, and it’s just a matter of time.

Just like everyone else, I’ve been there too. The key is to keep that faith and tell yourself I need to this, I have to do it, IT HAS TO HAPPEN! Take a step back from the chart, leave them for a day or two don’t look at them. Reflect on what went wrong with YOU first then dive into the chart back to find your mistakes. In the mean time, keep searching for the positive motivations. It can be anything, mine used to be staring at my favorite supercars or listen to youtube’s inspirational quotes. You just have to find your own way to get the confidence n it starts with finding ‘what motivates you’ in the first place and remember why you started. All the best to you!

The market movement is not something we can’t control, keep in mind. It start with controlling your risk which is our position size, that’s the only thing we can control. If you risk too much, a slight movement would of course shake your mental emotions n your initial trading plan. Keep your lot low at the optimum level to cope with the pressure during your trading.

Daily n above for the trade destination. H4 and below for entry precision n confirmations.

No regrets, it’s part of the game. I know what I’m dealing with when i first stepped into the game. During my losing period, I stay away from the chart. Go back to chart when my emotion is finally stable. motivation kicks in, and I’m all set n ready to start all over again.

Snr on big timeframe is more reliable to use than the one in H1, I never bother about what’s happening in H1 until I am ready to place my entry, then only I’ll go into H1/H4 to find the price setup. Both H1/H4 will provide me some infomations about the price whether it’s ready to reverse or continue around or towards the big tf’s snr zones.

Each traders has their own ways of indicating a reversal. Mine will always be in H1/H4 and if market hints a reversal and if it’s happen to clash with the big-tf, that’s already a good indicator that the trend is about to end.

I’d measure my entry n target zones on the big-tf. Scale down to H4/H1 for my price entry. Anything that occur in between is not for me to interrupt the trade. The trade either hit my stops or my target. That’s how I run n respect my trading plan. Know what you can and can’t control.