You got in at a good level and also managed your risk well in this trade. The market is consolidating and this explains the sideways movement. I hope your TP got triggered before it pulled back up again?

ARAA Trend Trading System

I'm watching USD-JPY which is at the bottom of the range. Notice that this is the third time that it is retesting the 111 level recently and today it pulled back again from it. With the recent downward momentum there is a possibility of a breakout ...

ARAA Trend Trading System

Thanks for trying out a variation of this setup. Please do your own testing and let us know of any improvement. By all means, please modify the indicators as you wish or add your own but please don't over complicate it. The simpler we can keep it, ...

ARAA Trend Trading System

Thanks for the clarification - that's a very plausible explanation indeed. I guess the only way to confirm this is by asking haniam to ask for a withdrawal from that broker and see what happens. Haniam: can you at least ask for a partial withdrawal ...

Multiplying 140x the balance of a live account in 30 hours

These levels work most of the times but sometimes they do fail (re: bear/bull traps are common at key levels) If you want to trade off S&R/psycho levels, use price action as they are very good.

ARAA Trend Trading System

Far from leaping to haniam's defence, I'm pondering on your point of view and trying to make some (common) sense out of it: 1) You are claiming that the broker will refuse his withdrawal - what is the basis of this statement? Has anyone on this ...

Multiplying 140x the balance of a live account in 30 hours

Psychological levels are those levels that are not natural supply/demand levels of an instrument. Examples of psycho levels are .00 .25 .50 .75 They can also be bigger multiples such as 250 500 etc However they can also be smaller denominations .10 ...

ARAA Trend Trading System

I don't mean to be patronising but here is some advice regarding discipline/money management - I am sure you have heard this a thousand times but it is always a good reminder to oneself. - Set yourself a reasonable profit target (daily or weekly) ...

ARAA Trend Trading System

With a weak USD, there are many opportunities to get good trades in the current market. I took 2 trades (both re-entries) today and it was little wonder that they were both successful with such a weak USD. This is a great opportunity to trade in ...

ARAA Trend Trading System

I believe i have figured out haniam's strategy too or at least something close to it just by studying his trade history. Correct me if i'm wrong : there is no need for any indi as it is purely based on price following

Multiplying 140x the balance of a live account in 30 hours

Do you take the break out at the pivot lines, or wait for retest it? It's best to wait for a retest when you trade breakout but this depends on the trend strength. On a strong trend, I would take breakout without necessarily waiting for a retest. ...

ARAA Trend Trading System

Did anyone catch this 100 pip move in GBP-USD? Price action signal (hammer bar) followed by indicator signals

ARAA Trend Trading System

Got out far too early on the two earlier trades, GBP-USD and USD-CAD, but nevertheless got 45 pips today, bringing the total for the week to 500 pips so far

ARAA Trend Trading System

I'm based in the UK. I currently trade forex part time and I'm also a part time equities trader for a prop firm (I day trade the first 90 mins of US equities). It's all a bit complicated lol

ARAA Trend Trading System

As Test12 pointed out, you entered this trade too late as there were clear signal for a less risky entry at lower price, such as RSIOMA cross, candle close to SMA30 and also a price action signal in the form of a hammer bar. Also this was a ...

ARAA Trend Trading System

Closed this USD-JPY short position with 15 pips as I'm expecting caution in USD ahead of FOMC meeting. Staying out of the market until after Fed's interest rate announcement

ARAA Trend Trading System

Closed GBP-USD short with 30 pips UK Monetary policy decision due soon, so closing trade before news

ARAA Trend Trading System

GBP-USD short I was 50pips in profit bur decided to hold on Note: Another opportunity for a short reentry is showing up for a short after rejection of yesterday's daily low - wait for the present candle to close first

ARAA Trend Trading System

USD-JPY risk free long trade

ARAA Trend Trading System

Yes the psychological levels are important too

ARAA Trend Trading System