ok i didnt post anything today as i was playing golf and the market doesnt seem to have any direction yet.

iandekoker's 5 profit target trades

here are my thoughts on gbp/usd for the next few hours/days right now we are seeing an inside bar developing on the 4hr charts. So i will stay with these charts for the moment. Scenario 1: Gbp/usd breaks out to the upside. Scenario 2: Gbp/usd break ...

iandekoker's 5 profit target trades

Nope i did not...lol closed the trade out before i went to bed last night cause i dont trust the asian session during times like these....lol So now i am screwed once again. I am reluctant to go short again cause if you look at the dialy charts we ...

iandekoker's 5 profit target trades

discipline paid off....damn it was hard waiting for the new candle to form especially after seeing the market fell by 40-60 pips in the process. But i am short as soon as the new candle formed after the daily pivot was broken to the downside. I have ...

iandekoker's 5 profit target trades

i did manage to make up for some of the earlier losses....as i went long on the upside break of the daily pivot

iandekoker's 5 profit target trades

just to show that i dont live in perfect world. Greed just hurt me badly...ouch...i went long chasing the market and then the market turned against me...and smart ass that i was....didnt put a stop loss....so there went a couple of grand down the ...

iandekoker's 5 profit target trades

yes i would cause the candle (price) never lies

iandekoker's 5 profit target trades

good call. it was a good reversal candle

iandekoker's 5 profit target trades

ok i got in long at 2.0756 and got stopped out at 2.0763 after trailing my stop loss by 15 pips. But 7 pips are 7 pips

iandekoker's 5 profit target trades

ok so gbp/usd has broken to the downside all of a sudden. so i will put up fibs and see if i can go long again around 38% or 50% level. and then use fib extiontions as short term profit targets or Resistance levels for longer term profit levels ...

iandekoker's 5 profit target trades

that last green candle would have been good profit had you bought when the red pin bar was broken to the upside

iandekoker's 5 profit target trades

image I put in a buy stop order last nigh 10 pips above R1 at 2.0773. I triggered while i was in dream land and i got out at 2.0810. nice profit. The reason i put in the buy order was before i went to bed i saw the market making a move to the ...

iandekoker's 5 profit target trades

Oh yes it can be very profitable

iandekoker's 5 profit target trades

No i havent made any other changes

iandekoker's 5 profit target trades

I am pretty much done.

iandekoker's 5 profit target trades

ok so this is how the gbp/usd turned out. price hit the R1 and then came back. I did take a short trade after the pin bar was broken to the downside but got a little anxious and closed my trade with 5 pips profit. I should have let is run a bit ...

iandekoker's 5 profit target trades

oh dont you just love pivot points. Look how the price hit the R1 line. That was some nice pips. Ok lemme quickly talk about the possible trades you could have taken between daily Pivot point and R1. If you look at chart you will see that the closer ...

iandekoker's 5 profit target trades

Ok so here is a good example. Right now gbp/usd is trading between the daily pivot and resistance 1. Actually more toward the R1. So it wudnt be a good idea to long the market here. Cause the market will go up to R1 and then do one of two ...

iandekoker's 5 profit target trades

A wise old trader once told me: "Be happy if you walk away with even 1 pip profit because every trade can potentially go against you."

iandekoker's 5 profit target trades

easiest is to put take profit target at +5 pips. That way you take emotions out of trade especially when you close trade with 5 pips profit only to see market move up another 20 pips

iandekoker's 5 profit target trades