Closed out a profitable trade in AUDUSD and I've been in USDCAD for about 24 hours. I broke even with USDJPY but it was a profitable trade until the bulls popped up yesterday evening (CST). I thought that a key price level would hold as resistance ...

Going Through the Proper Channels - A Price Action Journal

September 2020 Review Woof image image Thoughts Nothing like kicking things off with a few L's lol. Well the bright side is that there are quite a few things I can tighten up, so things can only get better from here. Crunching the #s Being right ...

Going Through the Proper Channels - A Price Action Journal

So far, my results have been pretty poor. Still getting the hang of currency trading so I won't beat myself up too much. I will post a more in-depth breakdown sometime soon. One of my issues was that I was implementing a new mean reversion strategy ...

Going Through the Proper Channels - A Price Action Journal

GBPUSD Long Term Trend - Weekly image Price has been in a range for a few years. Currently it has broken down from an uptrending channel and could have more downside momentum Short Term Trend - 2H image Bulls failed to get price back into the ...

Going Through the Proper Channels - A Price Action Journal

Random AF, but as a testament to how new I am to forex, I have been using a position calculator to determine my position sizing and I was mistyping in my pip size for pairs where GBP was the base currency to the point that I thought all pairs ...

Going Through the Proper Channels - A Price Action Journal

GBPJPY Long Term Trend - Monthly image The market is near the Control Price. The long term trend is lower. Short Term Trend - 4h image Price has broken below the value area around $136 and is searching for support around the 133.5 area. Trade ...

Going Through the Proper Channels - A Price Action Journal

EURJPY Long Term Trend - Monthly image Price is currently in the middle of a channel. There is a wedge forming which I think will lead to a continuation of price lower but that will take years to develop. Short Term Trend - 2H image Continuation ...

Going Through the Proper Channels - A Price Action Journal

EUR/USD Entry: image Short trade with an expectation that the channel has been broken and price will fall off of a cliff. Might get out at breakeven. Just noticing EUR/USD is at a prior support level from late July & early August USD/JPY Entry ...

Going Through the Proper Channels - A Price Action Journal

Watching the retracement as an opportunity to go short: image

Going Through the Proper Channels - A Price Action Journal

AUDUSD Short Term Trend - 2H image VWAP across various key price levels is holding as support currently Price is holding above the consolidation area between $0.726 and $0.730 If price manages to break away from the current price level, I think ...

Going Through the Proper Channels - A Price Action Journal

NZDUSD I am getting mixed signals with this trade. I'm leaning towards bearish, but I am waiting for the price action to tell me what to do. Short Term Trend - 2H image Price is flush against the VAH (aka Value Area High) and might get smacked ...

Going Through the Proper Channels - A Price Action Journal

About Me/My Strategy I have swing traded stock/options with limited success this summer, thanks primarily to a lot of what I've learned through the trader Brian Shannon (Book) on trend trading & the VWAP. With that said, I personally believe that ...

Going Through the Proper Channels - A Price Action Journal

EURUSD Short Term Trend - 4H Yellow line = 5 Day Moving Average Blue Line = VWAP image Since the September 1st high, the average trade is approximately breakeven (the closing price of the last candle is near the blue line) The buyers are having ...

Going Through the Proper Channels - A Price Action Journal

I aim for 3R trades every time I enter a trade. I don't hit it all the time by any means but that is the potential I need to see before entering a trade. I think what is missed/overlooked in this thread are a few things: The higher your Risk:Reward ...

What Is a 3:1 Reward to Risk Ratio?

The way I see it, the options are: Change brokers Change the size of your stops Change the time that you are trading Change to a more liquid pair

Widening Spread Keeps Triggering My Stop Loss

I've had positive experience. I've used them for Forex for about a three days so far lol but they have been my stock/options brokerage for 10 years. In terms of their general platform, it is my favorite by far. Technically, all the other platforms ...

Ameritrade FX

I'm still new here but I think the Fx markets are moving in tandem w/ the S&P 500 for the time being. I was in Eur/Usd but hopped out when I saw weakness and went long USD/CAD instead. I had my eye on the Aud/Usd as well but the Eur/USD set up ...

Zero Run

After a few years options/stock trading, I'm just getting started with Fx (although I also have a Futures account). Can you elaborate on the benefits of Futures over Fx?

My Journal