I closed one of my positions last night and got 25 points, the price seems to be retracing back to the same area, so it seems like we are in a range market, so naturally I will be looking to sell again at the top (around 87.600) this time with a tighter stop loss and take profit

#CADJPY - clear channel - I'm waiting for the price to hit the short time decending trend line around the middle line of the channel.

if price manages to break through the decending trend line, I might go in after the pullback, with a buy order for the top of the channel (or just wait for the price to climb up there so I can sell it from the top of the channel)

#USDJPY - buy limit at 113.051 with a 400 stop loss and a 800 take profit.

I have a lot to say about this trade. I will post the chart and the explaination very soon (in less than 10 min)

#USDJPY - we can clearly see the triangle patterns on 8 hour chart (the light blue lines) which I'm expecting it to be broken from the top to reach the long time decending trend line (dark blue line)

#USDJPY - looking closer at 1Hr chart, we can see a flag patten, which if it reaches its target, will simultaneously reach the target of a smaller triangle pattern on its 5min chart! (pic on the way)

#USDJPY - as you can see there are two small triangle patterns on the chart, I expect the smaller one to break from the buttom and upon reaching its target, complete the bigger one.

and from that area, it will probably move up, breaking the short time decending line on the 1 hour chart (the top line of the triangle pattern) and move towards the target of the flag patten! and when it reaches the target of the flag patten (on the 1 hour chart) we will see a pullback to the top line of the triangle pattern and from there, the price will move up again till it reaches a long time decending trend on the 8 hour charts.

I posted all of these pics just to say one thing. there is an ever-lasting connection between charts on different time frames. there are always different (or same) patterns forming on different time frames which somehow compelete each other in order to reach certain prices (these are usually round prices, where there is a strong supply and demand in the market, which usually turns around the direction in which the price is moving. usually these prices are where the long time trend lines meet the price. )

and by knowing this, you can always calibrate your trades in the same direction as the market and by doing this, you will have the odds in your favor.

always remember, if there was no way of knowing where the market is going, none of the institutions would place any trades. their computers work on a different level than human brain, yet even those computers use the same pattern the human mind uses (because after all, humans design those programs) so you just have to think like those computers and follow the patterns to be able to assess where the market is moving towards.

hope this helps you guys understand some concepts better.

I've had some personal problems in my life, which is why I haven't been active in the past two days, but I'll be back again to pick things up very soon. next week I'll try my best to be online throughout the week so we can see how many pips we can score together during the week ;)


please share the posts of this channel (the analysis or educational posts) to other beginner traders you know, so the channel grows faster and we can reach the 1000 member mark sooner, cause thats when I'll launch the youtube channel and do live trades and answer questions on the spot.

by the way, I already have an open buy order on the #USDJPY at 113.150 (just in case the smaller triangle broke from the above and moved towards the target of the flag pattern sooner.

but I still have the stop loss behind the 112.700 support line ( stop loss is 400 points)

so you might want to do the same too.. at least with a small volume so you can add to it if price moved down to where we want it ( which is a bit above 113.000 and around 113.050)

#Gold - its in a very interesting place right now, I suspect its trying to break the red line and fall down to the buttom of the triangle pattern.

#Gold - this is what I expect for the gold movement in the short term (probably less than 24 hours)

#Gold - I have two sell limit orders at 1223.20 and 1224.45 both with a 600 points stop loss and 1800 points take profit. just in case the price made a pullback and came up again to the middle of the flag's channel.

guys I just realized I have written sell limit instead of buy limit!! even tho I have explained in depth why the price is going to move up!

sorry for the mistake, please correct it accordingly.

as I suspected, it jumped up and tuched the top line of the triangle pattern one more time before coming back down. so I closed my order and saved the 15 pips profit. now I'll wait for it to activate my buy limit order (or at least comes close enough to it so I put in anoher order by hand in that area)

it broke the triangle pattern from the top, so now it seems to be forming a small flag pattern before jumping up again to break the short time decending trend line. so I went in with a small buy position at 113.433 with a 400 points stop and 400 points take profit. but its a bit riskier now.

the flag it created reached its target, so I closed part of my positions on 50 pips profit. the remaining, I will keep for the ultimate 80 pips profit.

gold had activatd my sell limit at 1223.20 and its already 40 pips in profit. I also had another position open at 1220.63


price seems to be falling down fast so I will keep both of these position open till their target (I might close one of them around 100 pips and keep the other one for the 180 pip target)

#USDJPY - it saw a bit of resistance 113.750 since it is the top of the ranging channel, but it will break through it to reach the target of the triangle pattern at around 114.100


this is why some people lose money, they try to sell the ranging channel from the top (as most of educational articles say that you should do that when the market is ranging in a channel) but what they don't know is that the price is already on its way to complete a pattern. so they short (put in sell orders) while the majority of the institution's computers are longing. and they end up having their stops hit even though seemingly they didn't do anything wrong.


if you want to be a winner in this market, you should always think like the computers ;)