Set the trade to breakeven, price looks like its breaking through whatever support was at 1.3525. My guess is the support came from the bar with the yellow crosshairs.

USDCAD short in progress. Bar 1: Initial Sign of Weakness - No selling pressure into fresh new high ground. (Nothing to the left of the body of the bar for the previous 5 bars) Bar 2: H1 chart - Next bar closing down on higher time frame confirming ...

This approach still works in a ranging market, it becomes useless when price starts trending with no PA to the left. UJ, also EA are notorious about going into irrational trends where price shoots in one direction with no pull backs or testing ...

I apologize I misunderstood. First consider that remark as an off topic statement. To remain on topic the point is to reduce your risk as the market moves in your favor and the most logical place to move your stop loss down to is the high of the ...

In 2020 I didn't risk per trade, I maxed out my margin and kept adding as much as I could as the trade went my way. Back in 2020 price responded heavily to the previous days highest volume close or responded to bars with a huge surge in volume. So ...

This example is an extension of the chart from the previous post. Bar 5 is the entry bar. Once you've seen that price is either reacting positively to weakness or ignoring strength then you start looking for your entry bar. The entry bar can be any ...

Yeah I'm doing good pretty good, just bored at the moment. I've been trading full time since the end of 2020. I took a lot of crazy risks in during the pandemic and it paid out well. I think at the beginning of 2020 I had 28k in my trading account, ...

A couple of posts ago I said that I take 2-3 partial losses per week. As trades move your way you need to protect yourself. From a business perspective partial profits seem counter intuitive, especially if you start taking partials close to your ...

I've decided to write this in multiple posts and a lot of this is based on experience and I may not communicate that experience well. If you have questions ask me I will answer them as straight forward as I can. So lets start with this, if you're ...

I came here to write a long ass post on trade management.. But lets talk about this setup. I wouldn't have taken the AU setup, the next H1 after your initial SoS at Bar 1 closes down which isn't confirming the strength on Bar 1. You can make the ...

So this is a tough trade to see, but its there. Bar 1: Massive weakness, the volume on that up bar is the highest volume in Asia, plus that volume is climatic volume for the Asian session. Bar 2: Wide spread down bar after weakness but on low ...

Boring PA today. You can see the strength there at Bar 1, but its not really into fresh new ground. If you look the left of the body of Bar 1 there is PA within the past few bars. But with a 35 pip range so far today doesn't seem like it ...

So today is euro rate announcement, so since I trade with a stop loss obviously not going to trade euro.. But EU is the only pair I see anything remotely close to a setup. 1. Initial Sign of Strength - classic no supply into fresh new ground. 2. ...

I'm very bored so I thought I through some charts out into FF. Been a really slow week for me, even though there has a been a ton of high impact news. Not sure if my slow week during a busy week is a good thing or not. Monday was the only trade I've ...

I've been kinda sorta following your trades, I really only visit FF for the calendar but I'll usually pop over to the forums if I see a notification that Ivan posted something. So I'll usually look at what he quotes. I have to admit your position ...

To follow up with USDCAD, we're seeing strength come in which is countermanding to the weakness from yesterday's high. There isn't much on an edge now. Initial sign of strength - no supply into fresh new ground, nothing to left of the body for the ...

I apologize about the hindsight chart, but there are some good points on this chart. This weekend family was in town so I was up all day Sunday and couldn't stay up Sunday night to trade. 1. Initial Sign of Weakness - No demand Up thrust, I would've ...

If I'm understanding your question correctly, you're thinking that I'm looking for the next bar to be up on the M15 chart after the initial sign of strength, which I'm not. The only bar that I look to close up is on the higher time frame. I don't ...

Its not really a secret that high volume acts like a magnet for price. EJ longs are still looking good, price is at the high volume close which is a good area to lock in some profit but with price marking though the low of the high volume so easily ...

I bought off a high volume down bar like a sucker. 1. Initial Sign of Strength - High volume down bar into fresh new ground. Fresh ground being nothing to the left of the body of the bar for the previous 5 bars (wicks are ...