finally nzd/jpy hit my first TP and from here on it is a free trade, see how far I will go with it.... Another half hour guys for my brocker will wrap up for the week, it was a profitable week for me that is for sure. Next week will be another ...

Mechanical trend trading

ukcool there are 2 types of break outs, one is when price makes a break it will usually pull back and then continue, this will confirm the break (not 100% true but it is the most acurate), the second type of a break is when the market has a lot of ...

Mechanical trend trading

Paulus thanks for making me realise about the SL there, it is very neat. I usually use 10-20 pips above 70%. I am analysing your SL....Probably I will implement your way, looks very effective.

Mechanical trend trading

come on I am still watching my nzd/jpy trade, another 15-20 pips to go to secure profit. If I secure profit then I will leave the 2nd entry over the weekend for next week, it is a free ride from there on,

Mechanical trend trading

I am sorry, I should of mentioned my first TP already hit in its place where just above 4800, on that pic what you are seeing is my 2nd TP.

Mechanical trend trading

gbpusd was in a congestion area, finaly it break to the downside, before the real break it faked out most of the traders out there that is for sure. I stay out of these types of markets, first let it break out and then look for setups for that ...

Mechanical trend trading

nzd/jpy that I took today, it is still going, it came very close to hit my first target so I can secure some profit, I am still waiting on this trade. I will close for what ever profit before market closes.

Mechanical trend trading

This trade made my day at least I made more then I have lost

Mechanical trend trading

Look at this trade today with eur/jpy, I got stoped at 126.67, The price came down hard after, I had my SL at 126.60. This is my first loss for this week trading live. If I have placed the SL another 10 pips higher I would of had a great winning ...

Mechanical trend trading

yes budy that is a perfect execution, that was one of my yesterday's trades. All the elements line up....

Mechanical trend trading

Hi juicyt, sorry for the late reply, to be honost I do move my tps around but I am always strict with the SLs, I always place them 20 pips above 70%, because I do very aggresive entries that is why I leave some room for the SL.

Mechanical trend trading

here is a eur/usd setup for next week, I will set my pending orders, if price retraces to point A area then I will take the trade. All the elements are in place, very close to the round# 1.4050. Looks like eur/usd found a bottum and will retrace ...

Mechanical trend trading

thanks, I am still riding it with my second entry untill 124.50. There were other similar setups with usd/jpy and chf/jpy as well, and 3 trades that I took worked out very well

Mechanical trend trading

here is one with eur/jpy, I set up my pending orders for a short

Mechanical trend trading

I am trying ranging markets for the past week and they don't work well. Got to go with the trend.

Mechanical trend trading

with some chart time, you should be able to tell what the market is doing for that pair, is it trending and making LL, LH? or is it consolidating? is it ranging between to lines? If you trade the trend then pick a trending pair, if you like to trade ...

Mechanical trend trading

Kostas thanks for the indi, it is very useful, specially for my ranging setups

Mechanical trend trading

Hi, I do average some weeks 7 wins out of 10 trades and some other weeks 8 wins out of 10 trades and that is if I follow my 5 setups very strictly. I do follow 14 pairs (any pair that is less then 7 pip spread with my brocker) and they are eur/usd, ...

Mechanical trend trading

thanks budy, i think i will do that then.

Mechanical trend trading

I have closed my nzd/jpy trade for 70 pips, I got what I was looking for, it will retrace and I will look for another opportunity. On this one I should have opened 2 entries, because it was a 4hr setup which has more room for movement, close one and ...

Mechanical trend trading