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My Trade Analysis


pasavento

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Hi friends,

 

I want to share my trade analysis based on what i've learned in this great forum...

 

USDCAD

 

1. there is support line at 1.2430

2. next support is 1.2350

3. a 1-2-3 buy pattern at H1, at first support level

 

Trade action : buy at 1.2430 tp 50 pips...HIT

 

USDCHF

 

1. support at 1.1080

2. first resistence 1.1210

2. next resistence at 1.1280

3. bullish divergence and inside bar at H4

 

Trade action : buy at current price tp 50 pips...HIT

 

 

EURUSD

 

1. resistence at 1.3310

2. support at 1.3070

2. inside bar at H4, previously an uptrend move

 

Trade action : sell at current price, tp 50 pips...HIT

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Re: My Trade Analysis

 

Hi there Pasavento.

 

Nice to see your signal here.

 

Could you care to explain how do you get those support & resistance lines? Is it manual drawing or do you take scalp / master candle / any special method?

 

Also, what are the stop losses?

 

Regards,

Ore no Shinka Hikari yo Hayai. Zen Uchi o Nani no Mono Ore no Shinka Chuito Kore Nai.

Ten no Michi yo Iki. Subete o Sukosadoru Otoko.

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Re: My Trade Analysis

 

Hi there Pasavento.

 

Nice to see your signal here.

 

Could you care to explain how do you get those support & resistance lines? Is it manual drawing or do you take scalp / master candle / any special method?

 

Also, what are the stop losses?

 

Regards,

 

Hi William,

 

I'm not providing signal, just my simple analysis using support resistence...yes, its manual drawing. I'm intraday trader. Maybe i will explain more details how it get the snr on my next analysis... :mrgreen:

 

stop losses? hmm...actually i use mental stop loss = money mgmt..

 

Regards

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Re: My Trade Analysis

 

Nice.

 

Will be waiting for your next analysis. :D

 

Regards,

Ore no Shinka Hikari yo Hayai. Zen Uchi o Nani no Mono Ore no Shinka Chuito Kore Nai.

Ten no Michi yo Iki. Subete o Sukosadoru Otoko.

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  • 2 weeks later...

Re: My Trade Analysis

 

RU using price action with pivot as SNR as in James16.Appreciate yr wonderful share.

 

Hi doddy,

 

yes i'm using all elements of price action, the less indicators, the easier the trade(work for me)...main tools are the support and resistence...

 

keep it simple n smart..KISS :oops:

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Re: My Trade Analysis

 

Let us share our trading analysis, shall we?

 

EURUSD

 

IMHO, trend is still downside, so, find opportunity only for sell...

1. current price testing 1.2800 support, whether it breaks or bounce..

2. 1.3000 - 1.3050 will be strong resistence zone, support by 1-2-3 sell pattern and psycho levels

 

Trade Action :

 

If breaks, i'll wait for the price to retest 1.2800 before enter sell

If bounce, 1.2900 will be my entry for sell

 

 

GBPJPY

 

1. Major trend is downtrend, however lower tf shows changing of trends..

2. there is a 1-2-3 buy pattern at H4

3. price is testing resistence zone of 129.00 - 131.00

 

Trade action :

 

conflicting signal...best action is stay away, lets the price leads the way first..

If break resistence, confirm break signal, will enter buy

If bounce, confirm with reversal signal, will enter sell

 

Anyone like to share analysis..? :">

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  • 5 months later...

Re: My Trade Analysis

 

Thank you for your trading strategy by trading support & resistance line.

 

When it break the support line, waiting for the price retracement & retest it on the previous support line which is become resistance line & vice-versa for the price break the resistance line.

 

:D

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  • 3 weeks later...

Re: My Trade Analysis

 

Thank you for your trading strategy by trading support & resistance line.

 

When it break the support line, waiting for the price retracement & retest it on the previous support line which is become resistance line & vice-versa for the price break the resistance line.

 

:D

 

Agreed. There's a lot of trading strategy at the critical levels of snr. Role reversal (classical support resistence) is one of the method. Either you're in when price breaks or wait for pull back, its all up to your personality...how to confirmed breakouts, or how to measure pullbacks, only experiences can tells you...in short, no sets of stone rules..

 

There is one tips to know price action, stay ONLY at one timeframe that you preferred, purpose is to understand the price movement (behavior) on the timeframe when price reaches critical levels of snr..

 

hope this small info helps... :">

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  • 5 weeks later...
  • 2 years later...

Pasavento, the use of only a Mental Stop loss will eventually get you and anyone else into financial trouble. You've Got to be Kidding... No Wise Professional will be in a trade without a stop loss to protect their Capital.

Good Luck!!!

Hi William,

 

I'm not providing signal, just my simple analysis using support resistence...yes, its manual drawing. I'm intraday trader. Maybe i will explain more details how it get the snr on my next analysis... :mrgreen:

 

stop losses? hmm...actually i use mental stop loss = money mgmt..

 

Regards

Edited by maddman
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