Market condition uptrend. This pair is correlated with AUDUSD so is the same trade and similar analysis. BE 60 pips. The market can do whatever it wants, I personally closed this trade to leave just AUDUSD open. If you are in just let the BE do its job, at this point it has 0 risk.
Market condition uptrend.
We can see the break and retest.
If you enter in the former entry is the same, never touch the sl.
First tp 60 pips, second tp 100 pips.
Market condition downtrend.
The market never broke the counter trend line, and never do a HL with the candles.
In this situation is simple I do not enter.
I will wait the next one, or another pair.
In this time I will show you what would it be an entry against the trend.
This trades are more risky than the normal we do and more advanced.
The market in some cases does not take the TP and does not complete the movement.
So we see a LL super clear and we mark it as always.
And in M30 we look for structure against the trend to correlate the timeframes.
We have to protect the trades as soon as we can, and that's it.
Not recommended for begginners.
Market condition uptrend.
The market made a false breakout, the reason behind the slow movement is the fib level.
There is still opportunity to enter but without risking to much.
We do not know what will happen, but there is a good probability that continue the uptrend.
That is all we need, and risk reward.
Merry Christmas to everyone.
Watch these changes and avoid going in the wrong direction of the trend.
I was thinking about not to do more trades till the next year, january 16th.
The first two weeks of january is dangerours and sometimes volatile that is why.
Market condition uptrend.
As you can tell I sometimes have the issue that I do not get on time to the entrys in M30.
One suggestion is to put a limit order in that areas, in this case I put a buy limit waiting the retest.
Based of on the backtest the market almost always makes a retest in that areas.
The psycology behind this movement is that the market makers open the orders in that places,
they push the market to collect the orders or make an stop hunt to collect more orders.
If you enter in this trade you already get 60 pips +100 pips of the second order so far, so good job.
Ratio 4/1 - 10/1
Market condition uptrend.
There is an important lesson that the market gave us, "DO NOT CLOSE THE TRADES".
I open 2 trades one in 60 pips and another in tp1 of the fib, "I do not enter in this case".
In this example if somebody close the trade before it takes tp2 will lose 100 pips.
But if a trader do not have a BE they probably will lose more pips.
The market can do whatever it wants but we already won the trade with the BE.
And there is not psychology that affect us if the trade is protected.