For Educational Purposes.

Drilling down from HTF to STF for entry with tight stop loss

Start off with weekly bar , you’re looking for strong BULLISH or BEARISH BAR “ marubozu candle ”



Weekly : Strong candle —> Draw your Fib

4hr rejection candle / price action candle —> Draw your Fib

5mins price action , pin point entry —> enter trade.

Gold should retest around 1720/25 area again. I wont buy yet.

saxy4c:
Look historically, above 1610 she goes for 1630, close above 1630 she's going for 1660/5. I'm now bullish on Gold.

I'm going to look to add buys at around 1720/6 for the next ride up to 1765.

Selling gold 1732 for a small retrace to 1722 where I'm looking for buys around 1720. SL 1736

Have a great trading day ahead.

saxy4c:
Hi sir, can you please show what XAUUSD looks like with your pivot calculator?

Today's pivot points based on yesterday daily candlestick; based on this, gold should rise

Buy GBPJPY 135.75 SL 135.25 TP 146

Wow, so why have I been drawing plenty lines to get almost these same numbers? Do you use this to trade? How does this show you that Gold is bullish and how would you have executed a setup with these figures?

Mrbillionaire:


Today's pivot points based on yesterday daily candlestick; based on this, gold should rise

So long price stays above PP, it's buy; below sell

Thanks.

Mrbillionaire:
So long price stays above PP, it's buy; below sell

saxy4c:
Hi sir, can you please show what XAUUSD looks like with your pivot calculator?

Boss, sorry for the late response i was busy offline.

OsinaAmaka:


Boss, sorry for the late response i was busy offline.

bro how can i get the pivot point on my laptop
ive checked all the indicator but i did not see it

hidhrhis:

bro how can i get the pivot point on my laptop
ive checked all the indicator but i did not see it

Here you go.

OsinaAmaka:
Here you go.

thanks bro installed

Let me risk 100pips for 260 pips on Gold Sell.

GBPJPY is crazy!

Tonyfx:
price is rejecting a key support on the usd/cad. If current price(candle) closes as a pinbar, I will set a 50% buy limit on that bar targeting weekly high at 1.4608

Tonyfx pls, do you use 50% limit order on inside bar and fakey candle also?

born fool how many pips do you make per week by trading on the daily basis

hidhrhis:
born fool how many pips do you make per week by trading on the daily basis

30 million pips perweek , pips doesn't matter in forex, there is no difference between a person that risk 10 pips to make 30 pips and a person that risk 1000 pips to make 3000 pips, what really matters is your risk to reward and the percentage of your account your are making, to be sincere I will only welcome 1 to 4 percent of my demo account perweek.

Bornfool:


30 million pips perweek , pips doesn't matter in forex, there is no difference between a person that risk 10 pips to make 30 pips and a person that risk 1000 pips to make 3000 pips, what really matters is your risk to reward and the percentage of your account your are making, to be sincere I will only welcome 1 to 4 percent of my demo account perweek.

Number of pips does matters!

Bornfool:


Tonyfx pls, do you use 50% limit order on inside bar and fakey candle also?

I don't use inside bars, just pinbars and fakey's.
And yes I use 50% limit orders on 95% of all my trades but the downside to it is that I sometimes do miss out on some trades but I'm fine with it.

Karleb:


Number of pips does matters!

I don't risk pips I risk dollars and my broker doesn't pay me in pips but dollars so pips doesn't matter to me besides your 500 pips could be worth 500usd but my 50 pips worth 5000usd. So I rather calculate my profits in R:R knowing if I risk 100usd, targeting 1:5R I know how many percent I've added to my account.

OsinaAmaka:
Let me risk 100pips for 260 pips on Gold Sell.

SL taken out, flipped to buy, reason on the attached chart.

Tonyfx:


I don't use inside bars, just pinbars and fakey's.
And yes I use 50% limit orders on 95% of all my trades but the downside to it is that I sometimes do miss out on some trades but I'm fine with it.

Ok thanks

Tonyfx:


I don't risk pips I risk dollars and my broker doesn't pay me in pips but dollars so pips doesn't matter to me besides your 500 pips could be worth 500usd but my 50 pips worth 5000usd. So I rather calculate my profits in R:R knowing if I risk 100usd, targeting 1:5R I know how many percent I've added to my account.

Pips are actually the steps of the market.

The issue most of us have is that MT4/5 don't show number of pip.

Your broker has to calculate your pip gain/loss to the base currency of the pairs you've traded and then credit/debit it in your account.

Karleb:


Pips are actually the steps of the market.

The issue most of us have is that MT4/5 don't show number of pip.

Your broker has to calculate your pip gain/loss to the base currency of the pairs you've traded and then credit/debit it in your account.

That's when you're using mobile phones but every trade I take is on a laptop and once I set my SL I move my cursor to the red line and it shows me how much dollars is at risk same with TP but you can see such on a mobile phone. And secondly I believe that it's mostly scalpers that measure trade in pips because they tend to take multiple trades daily but for someone like who trades pinbars and fakey's on the daily timeframe, it will be foolish of me to start setting my SL a couple of pips from the close of a pinbar signal when I know that it's only when the high/low of that signal is breached that the signal is invalidated.

Hello everyone. I'm a new trader, an upcoming trader. I've been following the thread for a while now and I'm really excited about it all. I really need a mentor anyone to hold my hands

I hope everyone is happily eating her bit of cake offered by the market this week @ GladmanGoddey remember my comment last week its all about patience i have come to discover there are opportunities week in week out in the market , just discover a good strategy and stick with it See y'all at the top #Gracias

Sweetbae897:
Hello everyone. I'm a new trader, an upcoming trader. I've been following the thread for a while now and I'm really excited about it all. I really need a mentor anyone to hold my hands

If anyone ask you to pay any fee and that person hasn't proved his/herself beyond all reasonable doubt abeg borrow leg run.

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How much can I start a signal business ?

Tonyfx:


abeg borrow leg run.

Bornfool:

Na true na
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