Long, short, sideways...

Of course, is valid if you stay long or short in any pair and obtain income or success; all depends in the time frame you trade: In the chart below I illustrate 3 long trades in Aud/Usd, two winning and one lose trade.

 I enter a long position inside the green zones, maybe not was a big win, or in some cases just obtain break even trades. That is ok.

 In the chart above, we can see a green circle, just here, we enter long again because, a harmonic number appears and looks good, time after we see another opportunity; harmonic pattern, but this not works this time and is ok. But, how you win if the trend is bearish? I never follow the trend my friend… But of course, go short is a good idea, but depends what time frame you trade. See the chart below.

 Is a Daily chart… and the others were 1hr and 4hrs. What is the trend? Long, short, sideways, doesn’t matter if your follow your plan and make a proper analysis in a specific time frame. We can win some pips in the 1 hr chart goes long or going short in a daily chart analysis. I hope this was helpful.

Experience...

I take this trade today Eur/Jpy, and this is working. Trading is not a perfect thing, so I ever draw two lines (green lines in the chart below). That is my Potential Reversal Zone (PRZ) In this case is a Demand zone. I ever take under consideration enter inside of that lines I was draw and put my stop 20 or 30 pips out of that zone. Today the zone works pretty well. Of course nothing is for sure; nobody can know or predict the future.

I expect 111.00 first target and 112.00, second target. I not have problem if my limit not be hit, I focused in moving my stop loss or get out when the market turns and show me signals to get out of that trade. How you know that Octavio? Experience is my answer

Uncertain times...

Hello everybody! Today I share this simple Aud/Usd Chart. The economic enviroment is complicate today, and maybe the markets turn crazy this week. Honestly “I don’t know”. Stay away from the markets and enjoy the show can be a good advice to all novice traders. See the chart below.

 This one looks good & beauty for me. Great demand zone (yellow zone) and harmonic number and figure… 200 SMA also. Remember, I not suggest you to trade this… I just share some ideas. Take any trade, only and just only your own responsibility. If you are unfamiliar, with what I show in this chart… here a little explanation: We expect to see the price react at that level, I mean, the yellow zone can be a good level to find a property entry long. What if this not works? Just put a stop loss below 1.0700. Have a great Day! And be careful.

Let your profits run...

Hi Everybody! Maybe sometimes you heard this: “Let your profits run” …Is ok with who’s trying to follow the trend (the trend is your friend). I never follow the trend and not try to catch only trades in the direction of the trend. Anyway; I illustrate how sometimes let my profits run. To be honest I apply this few times in the year. Let’s watch the chart below.

 Ok… I enter a position yesterday, so, today can be closed because my limit order was hit…
But I move my limit order far below (trying this one not be hit), and try to close this position with my stop loss.
How can do it?
First, I have a descent entry and move my stop loss to break even. 0 pips of profit 0 pips of loss and follow my position with every 50 pips.
So, at this time the price is 1.0065 my stop: 1.0115 and I playing Rubik cube now, just waiting.
When I planned close my position?
In my opinion the double of pips of my initial limit order. If I have my limit of 50 pips of profit, then seek to gain100 pips. You can obtain more, but the majority of the time in my experience I loss part of my profits trying to obtain unrealistic targets. Hope this was helpful. “Sayonara”