imo price need to visit 1.0797 pivot support first before having the strength to break the current pivot R1.... if visit 1.0797, will form something similar to 3 drives reversal pattern too...

EURUSD

I agree, the context which I am speaking is major pairs...for gbp nzd we surely need larger stop.. I do occasionally use 15-20 pips entry when i am absolutely sure about something, usually with bigger lot size(this keeps the amount I risk constant) ...

You will never win 100% as retail trader

agree with the stop loss part...not too close like 15-20 pips unless it is obvious/very good high probability setup...never put stop too far apart unless u wanna see a few days in RED and then stopped out... 50-60 pips is ideal i would say..of ...

You will never win 100% as retail trader

short NZDCHF at market open..around 0.6262...TP 0.6210...SL 0.6287...Risk:reward 1:2...risking 1% account

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seconded Kinspk...just like life, when there is life there is hope...losing account is like losing life... so, treat it as life...

You will never win 100% as retail trader

Gold long...usd chf short from fib 161.8 and abcd...0.9605..sl 0.9635, tp 0.9540...

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Seconded...absolutely no effort at all...

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Chill guys, i followed Jackeollio thread before, he was just trying to be helpful...i dont really understand his method though

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Should have read your comment earlier but i missed it. It was out in stop before nfp, then nfp bring it down..damn it this is life

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Gbp jpy just touched sma200 in H4. Will try small long. If fail and still below sma200 after this bar, will shorr to sma300 as per Nitsan's method.. Any comment?

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Looking forward to the good old time master!

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I like the setup mate! Entered with slightly higher SL, will look to reenter at 161.8 with bigger size if stopped out on this one

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Hi Master, usd cad there is power for short in 1H , also pivot and prelvious high...not much tool, slightly higher there is ab cb and amother pivot, i entered small short, what is ur opinion?

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Yeah bro, gap happens to help (gold and jpy), although it killed my aud trade..but overall still green...did not short gold but put buy limit too...very small size. Trade safe! Half the risk this week bro

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Personal opinion i would search for gaps other than euro pairs...those i am more confident will close, euro gap may not close so easily.Having said that, notice gbp nzd gap at 2.05 as well as 2.14-2.19, those gap never close till now...Ps i know it ...

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Aud usd 30min power for long, i take from here 0.7611 to 0.7656 close gap tp, GL HF

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Nice master! I out in profit too! Now wondering whether should short to close the gap...lots of pairs got gap, especially AUD pairs...i believe gap will close, just dunno when.. Anyay i long crude oil, it has gap down, my tp 1 is gap close at 59.5. ...

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Yeah master! Just watched your lesson about colors again, impressive! anyway, I emailed you a few questions regarding sma =D Thanks in advance master! will start sending you my homework again at the end of next week =P

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you can read this book chapter 2 url Fib 78.6 is for retracement, just like 61.8, 50 or 38.2...depending on instrument, some instruments likes certain fib ratio, some likes others. That is all I can say with my limited knowledge, hope it helps. ...

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Very well said bro! that's the philosophy that we all need, no emotion or ego, no right or wrong, just discipline and be stubborn. What is difficult for me is bias, like GBP AUD, I keep having bias towards short, so when I opened long today, it ...

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