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Thread: 67240952 - Price Action Trading (day trading/swing)

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    Default 67240952 - Price Action Trading (day trading/swing)

    Trading account: 67240952
    Investor password: lvxhtu50
    Server: Instaforex-contest.com

    Stock market: DAX30
    Currency pair: All EUR and GBP pairs

    Indicator - None as I will be trading naked. I am only using basic tools like trendline/horizontal/vertical line to mark important areas.

    Trading strategy: I will analyse the market and finding out the general trend from W1 and D1 candlestick. Once I find good opportunity to trade, I will switch to H4 and wait for candlestick reversal signal to form before placing my trade.

    SL & TP: I will prefer if my SL is as small as 30pips/max 50 pips while my TP will be minimum RRR 1:1 or preferable 1:2.


  2. 3 users say Thank You to kammraz for this useful post.

    goodguy333 (04-12-2016), NikitaBelle (04-12-2016), PhantomTrader79 (11-12-2016)

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    Hello Friend

    Nice seeing your here

    Best wishes for the competition

    Cheers
    The Real Money is in 100% Compounding


  4. The Following User Says Thank You to goodguy333 For This Useful Post:

    PhantomTrader79 (11-12-2016)

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    I have placed my first order about half an hour ago. Please find the details below.

    Pair: EURUSD

    Trade no: 1 | 2 |3 | 4
    Order: 873414530 | 873414534 | 873414539 | 873414541
    Price: 1.0741 | 1.0742 |1.0742 | 1.0741

    SL: None
    TP: 1.0690 (minor H4 SnR)

    Reason for trade:
    1. H4 reject BRN = 1.0800
    2. H1 close Lower Low
    3. This is simply retracement as the main trend at the moment is Uptrend

    ---------- Post added 12-07-2016 at 06:53 AM ---------- Previous post was 12-06-2016 at 10:38 PM ----------

    Quote Originally Posted by kammraz     

    Pair: EURUSD

    Trade no: 1 | 2 |3 | 4
    Order: 873414530 | 873414534 | 873414539 | 873414541
    Price: 1.0741 | 1.0742 |1.0742 | 1.0741

    SL: None
    TP: 1.0690 (minor H4 SnR)

    Reason for trade:
    1. H4 reject BRN = 1.0800
    2. H1 close Lower Low
    3. This is simply retracement as the main trend at the moment is Uptrend
    UPDATE: I have close my trades above manually at 1.0722. The price went lower when I slept but there's nothing I can do about it.

    ------------------------------------------------------------------

    Pair: EURUSD

    Trade no: 5
    Order: 873430114 (10 lot)
    Type: Buy
    Price: 1.0723

    Trade no: 6 | 7
    Order: 873430117 (15 lot) | 873430119 (20 lot)
    Type: Buy Limit
    Price: 1.0700 | 1.0680

    SL: None
    TP: 1.0870 (previous D1 resistance)

    Reason for trade.
    1. D1 trend is uptrend
    2. D1 candlestick is forming Inside Bar. Most likely it will follow main trend which is uptrend.
    3. H4 candlestick is pinbar and closing above previous minor SnR. The reason why I place buy limit is in case if it's goes lower and create another pinbar

    * I am not using Instafx chart to do my analysis as the way I'm trading is using different broker that has different daily close so the candlestick look different compared to Instafx.

    **I will update my posts on the weekend with graphical chart analysis later on.


  6. 2 users say Thank You to kammraz for this useful post.

    NikitaBelle (07-12-2016), PhantomTrader79 (11-12-2016)

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    Quote Originally Posted by kammraz     
    Pair: EURUSD

    Trade no: 5
    Order: 873430114 (10 lot)
    Type: Buy
    Price: 1.0723

    Trade no: 6 | 7
    Order: 873430117 (15 lot) | 873430119 (20 lot)
    Type: Buy Limit
    Price: 1.0700 | 1.0680

    SL: None
    TP: 1.0870 (previous D1 resistance)

    Reason for trade.
    1. D1 trend is uptrend
    2. D1 candlestick is forming Inside Bar. Most likely it will follow main trend which is uptrend.
    3. H4 candlestick is pinbar and closing above previous minor SnR. The reason why I place buy limit is in case if it's goes lower and create another pinbar

    * I am not using Instafx chart to do my analysis as the way I'm trading is using different broker that has different daily close so the candlestick look different compared to Instafx.

    **I will update my posts on the weekend with graphical chart analysis later on.
    UPDATE:
    Trade 5 : Moved SL to BE+1
    Trade 6 : Limit Order closed
    Trade 7 : Limit Order closed

    Trade 8
    Pair: GBPUSD
    Order Type: Buy
    Lot: 10 Lot
    Price: 1.2631
    Order No: 873459985

    Trade 9
    Pair: GBPUSD
    Order Type: Buy Limit
    Lot: 30 Lot
    Price: 1.2600
    Order No: 873459986

    SL: None
    TP: 1.2750 (Previous High)

    Reason for trade:
    1. D1 is showing Pinbar
    2. D1 is bouncing of RBS
    3. H4 is showing Pinbar earlier
    4. Price bounce off BRN 1.2600

    ---------- Post added at 10:00 PM ---------- Previous post was at 07:31 AM ----------

    Quote Originally Posted by kammraz     
    UPDATE:
    Trade 5 : Moved SL to BE+1
    Trade 6 : Limit Order closed
    Trade 7 : Limit Order closed

    Trade 8
    Pair: GBPUSD
    Order Type: Buy
    Lot: 10 Lot
    Price: 1.2631
    Order No: 873459985

    Trade 9
    Pair: GBPUSD
    Order Type: Buy Limit
    Lot: 30 Lot
    Price: 1.2600
    Order No: 873459986

    SL: None
    TP: 1.2750 (Previous High)

    Reason for trade:
    1. D1 is showing Pinbar
    2. D1 is bouncing of RBS
    3. H4 is showing Pinbar earlier
    4. Price bounce off BRN 1.2600
    UPDATE:
    Trade 5: Close manually at 1.0795
    Trade 8: Close manually at 1.2686
    Trade 9: Limit not trigger, close PO

    Trade 10
    Pair: EURUSD
    Order Type: Sell
    Lot: 20 Lot
    Price: 1.0789
    Order No: 873473859
    SL: None
    Result: Close manually at 1.0760

    Trade 11
    Pair: EURUSD
    Order Type: Sell
    Lot: 20 Lot
    Price: 1.0789
    Order No: 873473861
    SL: None
    Result: Close manually at 1.0758

    Trade 12
    Pair: EURUSD
    Order Type: Sell
    Lot: 10 Lot
    Price: 1.0789
    Order No: 873473864
    SL: None
    Result: Close manually at 1.0757

    Trade 13
    Pair: EURUSD
    Order Type: Sell
    Lot: 5 Lot
    Price: 1.0789
    Order No: 873473866
    SL: None
    Result: Close manually at 1.0758

    Reason:
    1. 1.0800 is Big Round Number
    2. 1.0800 is previous day high
    3. I'm anticipated bad news for EUR from ECB

    *Food for thought. I was lucky I didnt set up any SL as the price went up for almost 80 pips! My usual SL is only maximum 50pips. Another thing is that I close my trade too early because I was scared of the news thats going to be released in 5 minutes. But it could allow me to earn an extra 100 pips!

    ---------- Post added 12-09-2016 at 08:08 AM ---------- Previous post was 12-08-2016 at 10:00 PM ----------

    Just wanted to update the result of few of my trades last night.

    Trade no: 14
    Order no: 873483544
    Pair: EURUSD
    Order type: Buy
    Lot: 20 Lot
    Price: 1.0672
    SL: None
    Result: Close manually at 1.0671 for 1 pip loss

    Trade no: 15
    Order no: 873484785
    Pair: EURUSD
    Order type: Buy
    Lot: 5 Lot
    Price: 1.0656
    SL: None
    Result: Close manually at 1.0670

    ---------- Post added at 08:23 PM ---------- Previous post was at 08:08 AM ----------

    Just wanted to update the result of few of my trades last night.

    Trade no: 14
    Order no: 873483544
    Pair: EURUSD
    Order type: Buy
    Lot: 20 Lot
    Price: 1.0672
    SL: None
    Result: Close manually at 1.0671 for 1 pip loss

    Trade no: 15
    Order no: 873484785
    Pair: EURUSD
    Order type: Buy
    Lot: 5 Lot
    Price: 1.0656
    SL: None
    Result: Close manually at 1.0670

    Trade no: 16
    Order no: 873484924
    Pair: EURUSD
    Order type: Buy
    Lot: 5 Lot
    Price: 1.0645
    SL: None
    Result: Close manually at 1.0670

    Trade no: 17
    Order no: 873484933
    Pair: EURUSD
    Order type: Buy
    Lot: 5 Lot
    Price: 1.0643
    SL: None
    Result: Close manually at 1.0669

    Trade no: 18
    Order no: 873487599
    Pair: EURUSD
    Order type: Buy
    Lot: 10 Lot
    Price: 1.0628
    SL: None
    Result: Close manually at 1.0669

    Reason for trade:
    1. Price moved downward more than 200 pips so I was trying to catch retracement
    2. Several pinbar in M15 Candlestick


  8. 2 users say Thank You to kammraz for this useful post.

    NikitaBelle (09-12-2016), PhantomTrader79 (11-12-2016)

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    Hi guys, my dad is admitted to the hospital and just got out tomorrow. No time to update the thread yet. Sorry!


  10. 2 users say Thank You to kammraz for this useful post.

    NikitaBelle (14-12-2016), PhantomTrader79 (14-12-2016)

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    Quote Originally Posted by kammraz     
    Hi guys, my dad is admitted to the hospital and just got out tomorrow. No time to update the thread yet. Sorry!

    Oh, am sorry to hear that bro! Don't worry about the contest. Take care of your dad well. I wish him a speed recovery. Get well soon Dad! From all of us here.
    Am still hibernating, will wake up one day, all depends on fate. Hope to see you all-soon! Miss you all friends!


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    Quote Originally Posted by NikitaBelle     
    Oh, am sorry to hear that bro! Don't worry about the contest. Take care of your dad well. I wish him a speed recovery. Get well soon Dad! From all of us here.
    yes, get well fast dad, from all of us in this big forum! that is the spirit: oneness! even if i dont make the top 5, am sure, we gonna win the prices! 5 of us would surely do all of us price. sure, we all aint going to margin call our accounts!

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by kammraz     
    Hi guys, my dad is admitted to the hospital and just got out tomorrow. No time to update the thread yet. Sorry!
    Wishing your dad a speedy recovery mate


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    Quote Originally Posted by kammraz     
    Hi guys, my dad is admitted to the hospital and just got out tomorrow. No time to update the thread yet. Sorry!
    We are very sad for father and we pray to ***** that very soon he will recover. I think contest is not more valuable than your father.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Update on my trading position:

    Trade No: 19
    Pair: EURUSD
    Order Type: Buy
    Lot: 10.0
    Price: 1.0643
    Order: 873489535
    Result: Stop out at 1.0404

    Trade No: 20
    Pair: EURUSD
    Order Type: Buy
    Lot: 10.0
    Price: 1.0622
    Order: 873489908
    Result: Stop out at 1.0400

    Trade No: 21
    Pair: EURUSD
    Order Type: Buy
    Lot: 10.0
    Price: 1.0621
    Order: 873492030
    Result: Stop out at 1.0394

    This is my position that is still running but most likely going to be stopped out as well.

    Trade No: 22
    Pair: EURUSD
    Order Type: Buy
    Lot: 5.0
    Price: 1.0636
    Order: 873489611
    TP: 1.0700

    Trade No: 23
    Pair: EURUSD
    Order Type: Buy
    Lot: 5.0
    Price: 1.0619
    Order: 873491159
    TP: 1.0700

    Trade No: 24
    Pair: EURUSD
    Order Type: Buy
    Lot: 5.0
    Price: 1.0617
    Order: 873492697
    TP: 1.0700

    Trade No: 25
    Pair: EURUSD
    Order Type: Buy
    Lot: 0.2
    Price: 1.0608
    Order: 873494004
    TP: 1.0700

    Trade No: 26
    Pair: EURUSD
    Order Type: Buy
    Lot: 10.0
    Price: 1.0608
    Order: 873494017
    TP: 1.0700

    Trade No: 27
    Pair: EURUSD
    Order Type: Buy
    Lot: 4.8
    Price: 1.0608
    Order: 873494025
    TP: 1.0700

    Reason for trade:
    1. I thought price will retrace to at least 1.0700 before it resume it's downtrend
    2. I learnt my lesson that it's better to follow the trend rather than trying to get everything


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