I have closed my aud/usd trade that I took yesterday and closed it for 32 pips, the market is ranging and I don't want to take the chance any more on that one. this pair didn't continue its trend. I did risk 55 pips and I was lucky the price came ...

Mechanical trend trading

I have posted this setup last friday with my pending orders. This one triggered and I just noticed now, it is one of my 5 setups that I follow. The price is on a round # and I am taking it live. Lets hope for the best. All the elements are there to ...

Mechanical trend trading

loss on those 2 jpy pairs eur/jpy and chf/jpy, good thing those trades were with demo. I don't trust trades if they don't meet round #s.

Mechanical trend trading

This is my seond trade that I took with chf/jpy, the signal wasn't near the the round# just like the above so I am also with demo on this one. To update my first trade aud/usd that I took yesterday, I am still holding it, it is not functioning as I ...

Mechanical trend trading

Hi guys, here is a trade that I took about 30 min ago with eur/jpy. As I have mentioned prev I always go with round #s and this is between the round#s, so I am taking it with my demo account.

Mechanical trend trading

I have extended the SL to 9110 on that trade which is the next high, it might find a resistance there and I am still under the 1:1 RR, which is fine. Or we could see the price retrace to 9150 area and that is with higher 4hr time frame.

Mechanical trend trading

First trade of the week I just took. This pair is trending down nicely and it is right at the spot that I like to see, that is why I took it. Lets see what happens, it is all up to the market from here on. I checked the 4 hr chart and it doesn't sit ...

Mechanical trend trading

The 2nd way which is my way(I don't like to measure, sometimes it is confusing to find the exact swing point) I just use the fib lines, this is widely used areas by the experienced traders as well.

Mechanical trend trading

To project TPs and SLs, this is one way of setting SLs and TPs. Measure the the last swing and then place it to where the price retraced. I will show you the 2nd way to set up the TPs/SLs on my next post. Guys this kind of projection is not alway ...

Mechanical trend trading

Guys if you don't include any indicators except fib levels and trendlines then you are on the right trackto become a successfull trader, just learn how to read what price is doing and you will not need to look at bullcrap indies, for new traders ...

Mechanical trend trading

Paulus did you take the trade for usd/chf from point A area? Looks like a good setup and it looks like it is shaping the 'W' shape, the only thing it is violated one of my main round # rule that is why I didn't got on to that trade. The price landed ...

Mechanical trend trading

Good trades, I also have aud/usd still running, eur/jpy still running, I missed this one nzd/usd by 2 pips, It came so close to the round# 7150 and I set pending orders at 7148 (usually I do it 5 pips less but this one I chose not to follow that ...

Mechanical trend trading

here is a nice set up developing for next week eur/gbp, this pair was a single sided for the past 9 days and finaly it found a support @.8650 untill the bears got tired and decided to close their trades, most of the bulls jumped on the trade and we ...

Mechanical trend trading

I missed gbp/jpy, it is too late now by 25 pips, but it is a good setup, it is missing one element though and that is the trendline.

Mechanical trend trading

chf/jpy just triggered at 87.00, I always set the pending orders 5 pips below these round numbers because the market is not perfect, sometimes the price would miss my entry by few pips so that way I don't want to miss out a great trade. this setup ...

Mechanical trend trading

my pending short entry trigared. This pair break the 4hr uptrend, ralleyed down and retraced up and if it swings down again which I will collect the profit.

Mechanical trend trading

great job getting 52 pips from that usd/cad trade. That pair with usd/chf will retrace a bit then look for long again. I always work with round numbers, if a res/sup line is not based through round numbers I don't take the trade live, I do it demo ...

Mechanical trend trading

That is it for me tonight, I hope this is helpful let me know so I can continue tomorrow if I see some other great possible future setups.

Mechanical trend trading

nzd/jpy shows a downtrend on a 4hr chart. It was a good trade from point C this morning for me, it was a good rally to the downside. After this rally I looked at it and I found out the points A,B,C,D and to take another trade if price retraces to ...

Mechanical trend trading

usd/chf break the downtrend 2 days ago, since then I am only looking for longs. This is also a setup that I have pending orders waiting to reach the round# 1.0350 area.

Mechanical trend trading