Price broke the previous high on the weekly timeframe. On the daily timeframe I can see that yesterday’s candle was the one that broke the previous high on the weekly but left a long wick and came down. Today’s candle was also bullish but it’s currently liquidating and leaving a wick. On the H4 timeframe the price created 2 highs; one higher high and another lower high which is the result of the daily candle liquidating currently.
Price took out a buy signal after a bullish FVG and a bearish FVG were mitigated. Because of this buy signal that I got, I’m treating the area that price is currently trading at as a bullish OB. This means that I’m anticipating that the price might go higher.
A valid sell signal just came out after I recieved a valid buy signal that did not take out a spike. I’m holding this buy directional bias.
Let’s see if price will break the lower high that it created. If price breaks the lower high, I’m exiting my trades, if it doesn’t then a spike will come out.
Well, a small spike just came out. It wasn’t big enough to give out another buy signal. I would be closing but I really want to see if the price would break the higher low that it created…. Aaaand the price took out a big spike. As a result, price took out another buy signal. I’m entering with more buys…. Aaaand another spike came out.
Price shows a bullish Order Block on the M30 timeframe but shows a bullish FVG in the M15 timeframe.
Just received another buy signal
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Price took out a small spike a couple of seconds after I entered the trade. I held the directional bias but price kept on trading lower and I decided to close.
Another signal came out but this time it was from a different asset. It was from the Crash1000 asset. It gave out a valid sell signal. I placed the sell trade and it was successful. However as soon as I exited the trade, price continued to fall and as a result, it took out a very long bearish spike.
FVGs and OBs showing where the price is likely to go. Remember not to buy at a bearish Fair Value Gap and don’t sell where there is a bullish FVG even when my template takes out a signal contrary to the direction of the FVG. Same applies for OB’s. Only take signals that share the same directional bias with FVG’s when price is trading next to the FVG’s or OB’s.
It’s 06:05 and currently on the H4 timeframe, I see that as price created a low, higher low and a continuation of a downthrust; price left an imbalance as a result of a downthrust continuation. That imbalance is being identified as a FVG. I placed my sell limit on the high of the bearish 3rd candle and tp at the previous swing point(low) of the previous H4 uptrend. There might be a possibility that price might trade towards the 4758.414 price level but because of the FVG identified, I’m holding my position.
More updates loading
Right now it’s 07:50
Sell limit triggered Time to hold, wait and see results. By the way, this trade was placed using other methodologies excluding my trading template. More updates loading… Second sell position placed followed by a downthrust. More updates loading…
I closed the sell trades because I thought that price would push further more to the upside before eventually falling but as I opened the H1 and H4 timeframe I see this beautiful bearish candle and I entered with one sell trade according to the valid sell signal I got from the template. And mind you, it’s the same place where I placed my first sell.
I am holding that sell until the 4522.860 price level because I believe that there’s a lot of liquidity that needs to be collected by the proce for it to get enough juice to go to the upside.
As soon as price hits my tp, it’s going to be headed for the buy zone that I identified on the above journals.
I’m taking what I think is a silly risk but I’m going to trust my intuition here.
Price created an H1 FVG and the price is currently trading at that level. My take is that price might create a short term buy before finding a level to make a turning point to the downside. Price took out a spike inside of that FVG where we find an M15 bullish Order Block.
More updates loading…
The FVG is identified in the H1 timeframe whilst the OB is found on the M30 timeframe.
H1 Fair Value GapM30 Order Block
Price stopped me out before it could go to my directional bias.
Not having enough capital to hold a trade will leave you out of the game. Capital is our boss in this industry.
What a dramatic night I had on Sunday trading Boom500 after church 😂😂😂hehehhee!
Kept on adding balance on my account for me to hold the running trades that are in losses so that I don’t get taken out of the game😂🤞. Long as the template gave me a confirmed buy, I don’t care how long it sells for, I know when it comes back it’s coming back heavy.
Price just took out a sell signal and I sold with the smallest lot size using 4 positions. This sell signal was risky because I’m selling on an uptrending market in all timeframes.
That is why exactly 1minute after I sold, price took out a spike. I made a $1 loss. I’m placing more sell trades but this time wihh a 1lot size using 2 trades because I just got another sell signal.
The reason why I’m choosing to sell is because although the spike came out after the first signal was given, price respects the first signals short term directional bias.,just as it did a lot of times in the past.
Opened 2 trades with lot size 1.00. I get $6 @take profit level. Price took out a spike before hitting my tp🥵🥵
Lesson, place tp of a sell trade at the last bearish candle before the low because sometimes it doesn’t turn at the low but turn slightly before it. Especially in an uptrend. If it’s an uptrend then place tp at the 2nd last candle.
After price took out a spike it took out a buy signal. I placed 4 buy trades with 0.20 lot size. I’m holding until price hits tp or I’ll close with partial profits.
I slept around 3am, I just couldn’t take it🥵🤞I had a long day. I just woke up now and yeah, I’m waiting for a buy signal.
Otherwise, the last two trades before the one that’s about to be given were trades I could’ve ate from. The buy signal had 3 spikes but I held I think I would waited for 2 small candles for me to be satisfied with the fact that I’m holding a buy trade, otherwise I would’ve closed with the first one and the sell signal provided 13 candles for me to eat.
Price is currently trading at an M30 IFVG. It touch this level the first time byaking a turning point exactly on the low of the first bearish candle. Price went up and came back down again to trade inside of this M30 FVG.
I placed one 0.20 buy position because I’m also expecting a buy signal on the M1 timeframe… A spike just came out as I am typing this…
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Was waiting for a buy continuation but the price kept on falling down back down.
Price just gave out a signal. I won’t be placing any trades because price is currently trading at a previous relevant high point with a confirmation candle and at the same time, it’s next to a low. If I open using a big lot size and prize happens to take out a spike then I’d be in trouble. Below is a picture showing the high and low respectively.
Now because the template took out a sell signal and price decided to trade towards the highlighted low, I was waiting for a buy signal. Price didn’t even have to mitigate the low in order for it to take out a spike.
I’m scaling in my buy trades as price falls.
A spike came out, and….
I just closed my buy trades with losses because price is about to give me a sell signal, there I’m not holding the trades. Another reason for closing is that price had already taken out a spike after the buy signal which satisfied all positions. Hence there is a high probability that the sell signal will likely reach the other low. As I am typing this, a spike just came out again before price confirmed the sell signal. Therefore the sell signal is invalid without confirmation. Price just took out another small bullish spike. This spike serves as a bullish confirmation. I’m scaling in my entries as price starts to fall.
I have a bit of a tough one here. My template gave out a sell signal and as it did that, price took out a spike immediately after confirming the sell signal. That spike was followed by a buy signal which was also confirmed. It a spike never came out. The template then went ahead to send another sell signal. This might be because the first signal that was confirmed was a sell signal. Now because I haven’t figured out the quality of this trade and it’s probable outcome, I’m staying out of this one.
I have to check on which other instance did the price behave like this in the past.
What I didn’t notice about the above mentioned price behavior is that the signal came out when price was trading at a low and we do know that lows and previous swing highs are relevant points that I have to take note of when I’m looking to sell. After the spike came out and my template gave me a buy signal, it only took out a small spike which didn’t satisfy the entire bullish sentiment and the price kept on falling. What I’m looking for is a buy opportunity to ride the wave surpassing the high that the template took out a signal at.
Ohkayy, I have to attend to some other things for the rest of the day.
Alright I’m back now and can continue doing my thing.
Today price has been moving in an odd manner resulting in my template to give me signals at lows that I would use as tp level. Personally I wouldn’t consider placing my entries next to swing points I use as tp levels because price can paint some spikes and as a result leave you to blowing your account. When the price is like this, it’s better to only take buying opportunities but it’s not safe. I’d rather trade quality over a large quantity of trades that are not worth taking the risk.
It’s 00:05 midnight and I’m already on the charts, why? Bcoz honestly I didn’t have any sleep, I’m done writing my thoughts and ideas down and thought oh well… I might as well check the charts. So I’m waiting for a sell signal.
Signal came now @@01:00am trades take and to hit. It was a quick one
Spike came out a few seconds after closing. First trade out the day was a success. 9more to go…
Today I’m not looking to trade for the whole day. I’m going to close my MT5 platform as soon as I need to go somewhere today. We’ll run it up on Monday. Today I’m just taking small crumbs.
Just received a valid buy signal. Spike caught 🔥.
Now I’m waiting for the 3rd trade of the day; sell signal.
The template just gave me another valid sell signal. I’m placing my buy trades.
Results loading…
Tp hit
Waiting for a buy signal…
I think regarding the Crash1000 and Boom500 asset class, I have come to a conclusion as to which asset class I’m going to focus on and that’s Boom500. This is because every sell that I get from this template doesn’t waste any time, it puts you into profits straight away. Even if the price takes out a spike after confirming a sell signal, it still comes back. The ability to grow significantly is very high with this Asset class as opposed to the Crash1000 asset class.
So I’ve decided. I’m no more trading Crash1000. I’ll only be focusing on 1 chart being Boom500.
Buy signal came in and was chopped real quickly. It happened so fast that I didn’t have enough time to post an update on it.
Mind you, at this point I had placed 4 trades and daily goal is $50 but I’m already at $30 and it’s 2am. Normally I’d take 10trades before getting here. Dilo di changitse. I think I have to adjust my goals based on the amount of trades I take per day(10 trades maximum) and just trade in a disciplined manner.
Now I’m waiting for a sell signal going for the 5th trade for the day.
On second thought, I have to get some rest so i’ll open my MT5 platform around 9am. If I would have not uploaded an updated journal then it means I ended up somewhere.
Aaaaaaaaaaaaaaaand I’m up again. Just got a sell signal right now and I entered with lot size 4 and even placed my tp very closed because I got the signal next to a low and that’s a dangerous place to wanna leave your trades running still.
Tp hit. Trade 5/10.
Not gonna lie, Boom500 has been amazing but I miss Crash1000😭. That toxic ex…
Just got a buy signal from my template. I’m using bigger lot sizes next time😂😂. Otherwise I chopped it man.
My template just gave out a valid buy signal. I placed 3 lot size 1 trades. My template just gave out another opposite signal(sell) but hasn’t moved in the direction of the first signal. I’m holding my buy trades. I just transferred $50 from my profile for me to be able to hold the running losses.
I just received a valid sell signal. I documented the trade but can’t upload it here because uploading a video that’s more than 5minutes requires a paid plan. Click (the link) to the video.
Final outcome, $20 loss from profits made today. Frankly, I’m far from making any losses today😂. It was a tug of war.
Just received a valid sell signal.
Results loading…
Tp hit
Transfered $100 into my profile and I’m pushing with $29
Just recieved another sell signal. Made a loss due to not exiting at my low. Price took out a spike after the low.
Recieved buy signals immediately after closing my losses.
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I recieved a valid buy signal but price took out a small spike. I held the trades hoping that the price would take out more spikes but that wasn’t the case. I held the trades even when the price took out a sell signal after that small spike. I was punished for that bad judgement and as a result I accrued losses.
Lesson: When I get a signal and a small spike comes out, hold that buy only until I get a comfirmed opposite signal. That would mean that the buy signal I got was satisfied by the small spike.
It turns out that I have to go out with my family. I’ll open up the charts again on Monday.
I took some trades earlier before going out with my family. The trades were based on the template that I use. I managed to clap back on the losses I made and I hit my target for the day which is $50. I’ll start working from Monday 18th of December 2023.
Last trade I took🔥
It’s 7:30pm and I got a valid sell signal. I placed 8 entries with 1.00
It is currently 4:08 and I am up again. More posts that ought to be made will automatically update this blog post.
Waiting for a sell signal on boom. It won’t be long until I recieve that.
I see that Crash1000 is also starting to fall, I just hope I’ll be able to execute some trades on this Asset class
Boom500 (sell biased)
Just received a sell signal and it’s been confirmed. $1 by the time price hits tp.
I entered 1 position with 0.80 lot size1st Tp of the day hit
Boom500 (buy biased)
A buy signal just came out and it’s confirmed. I opened 1 position with 0.40 lot size.
Although, I just received another sell signal but as long as the 1st signal was confirmed I’m holding. Results loading Below.
The opposite signal that came out also just got confirmed. Now when this happened yesterday and the day before, price went in favor of the 1st confirmed direction. I’ll decide whether I’ll hold or close my trades in a few…
Price just took out a spike and another bullish signal which is also a valid signal, therefore I’m holding my positions until further notice.
Another sell signal just came out 3minutes after the 2nd buy got confirmed but never spiked.
Sell signal just got confirmed. I’m going to treat it how I treated the first trade I opened, until further notice.
Took my first L
Guess what😭 I exited my trades too early
Another buy signal just came out but it didn’t take out a spike. My template gave out a sell signal 5min after that and this sell signal is also a valid signal. I would enter with buy trades but I’ll just wait this one one and see how it pans out.
I do not want to be put in deep losses however I still think it could take out a bullish spike/go to the upside.
Just the reason why I chose to sit this one out. Price has been falling down for 12 minutes and then just took out a doji kind of bullish candle which fulfills the buy signal that we got before this bearish range.
I’m looking for a buying opportunity from here. How this system works is simple. After getting a buy signal it’s going to give out a sell signal and after a sell signal it take out a buy signal. I just have to do my deep work and check if the signals are valid or not and take it from there.
Just got another valid buy signal but price never took out a spike. My template gave out a valid signal 6minutes after the buy signal. Now this is the 3rd sell signal that we get shortly after the template gives out a buy signal. Normally it doesn’t take long for the price to go to the upside and trade higher for a couple of minutes but because this market is bearish on the M1 timeframe in a way that price has created a retest of the H1 channel it broke out of and it’s still in that retest position. We can see based on the pictures provided below that price broke out of the channel. The H4 shows this clearly whilst the H1 and other lower timeframes show a retest pattern movement.
Boom500 (buy biased)
The M5 Timeframe just gave me a valid sell signal whilst the M1 timeframe is also still bearish. I entered my trades with 4 positions, 0.40 lot size. Although I don’t use the M5 Timeframe so much, I understand the bearish sentiment that we have currently so yes, it’s something I can risk my money on.
Closed my trades with partial profits. I have to close my sells with partial profits because of the buy signals the template gave but price didn’t respect because of the trend. Anything could happen therefore it is important that I take partial profits.
Crash1000 (Buy Biased)
My template just gave me a valid buy signal confirmed by my signal confirmations. I opened 3 positions, 0.20 lot size and placed my tp @ the highest high of the downtrending range.
I also see that price mitigated a 15minute timeframe bullish Order Block when I look at a clean chart.
I took partial profits.
Time for my morning jog, I’ll be back in 2hrs tops.
Hello… I come back👋😁 Just had a fruitful morning workout session Mind is fresh and I’m ready to eat more pips. As I analyze what price has been doing, I see that my Boom500 template took out 2 signals, a buy and a sell signal. The last signal we got is a buy so I’m expecting to see a sell signal after this.
Regarding Crash1000, we had another buy signal that was given by the template I use for Crash1000. It’s in no position to give out any signal right now.
Boom500 (Sell Biased)
My template just gave out a sell signal.
Results loading below
Tp hit
The template just gave me a valid buy signal on the M1 timeframe. I placed a buy trade, 0.20 lot size.
Results loading…
Closed partial profits
Boom500 (Sell Biased)
I just missed a buy opportunity. I was making a change of venue. However, I just got a sell signal from my template and this sell signal will be a quick in and out because I got the signal next to a low that has not been mitigated and we do know that price tends to make a turning point on swing lows.
Tp hit
Exactly 3minutes after I closed my tp a spike came out. See the chart below.
My template just gave me a buy signal on Boom500 and I’m entering with atleast 4 positions of 0.20 lot size.
Results loading…
Price just took out a valid sell signal. I placed one 1.00 lot size of a sell directional bias whilst I held the buys I opened because price hadn’t taken out any bullish spike as yet. Whilst holding the buy positions was a good judgement, the sell trade I opened did not go as anticipated. I was hoping that the price would hit tp before taking out a spike. But because this wasn’t a normal sell opportunity, price can turn at any point as opposed to normal circumstances where it would take out a spike after reaching a swing low.
My template just gave me a valid sell signal. I opened 3 positions with lot size 1.00. See the chart below.
Results loading… Tp hit
It’s the first half of the day and I made half of my daily target($50 per day). Growing a small account needs one to be disciplined in the way they trade. I’m greatful that it’s finally paying off. Below is the amount of profits I made today already in dollars.
Not me missing this beautiful wave to the upside😭😭😭😭
I missed this opportunity because I was actually waiting for my template to confirm the buy opportunity. Immediately after the price confirmed, it didn’t hesitate for any second longer. It just took out a really nasty spike. This was going to be a trade that closed the day for me but I guess I’m still online😂🤷♂️.
Boom500 Sell biased
My template just gave out a valid sell signal confirmed by my indicators. I opened 4 positions and expect $3 per trade taking into account that I used 1.00 lot size.
Results loading…
Took partial profits.
Risk management Remember I mentioned that sometimes when the template gives out a valid signal, the price trades against your directional bias till it eventually gives out a 2nd signal contrary to the one received first. I did mention that I have to hold positions opened based off the first signal but now as my account grows I have to use adjust my volume based on buy and sell trades because they are to be treated differently in terms of risk management. I mustn’t use lot size 1.00 when placing buy trades but rather I ought to use lot size 0.20 because I wouldn’t know how long I would hold the running trades. With sell opportunities it’s different because it doesn’t take price more than a minute to place my account in profits. So lot size 1 will only be used when executing sell opportunities. The amount of positions I ought to open will be determined by my account size.
Boom500 (buy biased)
The template gave out an invalid sell signal then gave out a valid buy signal. I entered my buy trades and as I held the trades, the template gave out another invalid sell signal and immediately the price took out a spike.
🏌️♂️📈$3 to go until I can hit my target for the day and relax…
I think I’ll just leave it there for today. Besides, I worked 4am to 4pm today. I’ll open the charts again tomorrow at 4am. Job well done.
I took a look at the Boom500 asset. 1st trade of the day, 07:05, just got a sell signal and it’s confirmed. $2 per trade and I opened 3 positions. $6 in total @ tp. Went for a jog… I came back to a $12 loss. Price shot up after I got a signal.
Lesson If I get a signal and it doesn’t get confirmed but another opposite signal arises and it gets confirmed, it means there is a chance that the same signal that wasn’t confirmed would appear again during the confirmed signal. I’m going to call this the disruptor of signals. I experienced the same thing yesterday. This is a condition where I don’t place trades but rather wait for the unconfirmed signal to appear again and once that is confirmed, I’ll ride the wave.
Someone might ask a question like, ‘if you do learn these things from accruing losses, why don’t you do so with a demo account as opposed to a real account?’ Well my answer to that is that with a demo account you won’t pay attention to what you’re doing… It’s highly unlikely that you would even be able to spot these things as they come into play. Remember that people pay attention to what they pay for. So I get educated about what I don’t know and I get reminded about what I didn’t take note of and a result of that is accruing losses.
I would’ve been able to counter my losses with the opposite signal that came into play but I was out for a jog and on top of that I didn’t place a sl order
Hi guys I just wanted to share a little bit of my trading background with you guys. It’s a story that takes us way back when I started learning about this industry.
I had a friend of whom we used the same transport together to go to school. At that time I didn’t know anything about the trading industry I wasn’t even into instagram in those days. Oneday after-school all the gents were hanging out.. you know transport mates and this one in particular comes and tells us about this guy by the name Ginimbi ,RIP to him man. So he was like …do ya’ll know this Guy called Ginimbi?(Rhetorical) Ehh this guy makes money from these electric graphs that are green and red coded and I’m like yo this guy is talking about some next level softwares and all then he explained to us that guys…This thing is called forex trading and I’m like fore-what…and he said forex trading and this guy basically deals with foreign Currencies.
Well Ginimbi did say that Forex Trading isn’t his line of business but I kid you not I was already sold into the idea that this guy was telling us because number1,I only focused on the word Currencies and I mean I know that’s money right there and It gave me that urge to learn more about Currencies and the countries that use that currency.I started learning about their economies and how money flows in the economy thinking to myself that this is going to give me a great edge to this Forex thing. I than started seeing traders on YouTube,Instagram and other social media platforms.I started following them and tried to get information on this industry and I kid you not I spent more than 3years just basically learning about Currencies,the economy,financial Literacy at a beginner level and I traded forex on a demo account. I won’t lie this thing was hard man I thought that everything was just electric wires seeing red and green all over my screen. I then started learning how to trade practically on a live account bcoz I was always on and off on a demo so I wanted something that could grab my focus and keep me woke. I then started trading on a live account and yes…you know how that goes when you’re starting out on a live account.Real emotions start kicking in. My first feeling of seeing the blue color on my platform when looking at p/l numbers was really out of this world. I was Happy for atleast 7seconds then my eyes went blank.The numbers started changing colour and my heart dropped to the floor.I blew my first account.
This is when the journey started. Constant blowing of accounts and generating little amounts of profits as opposed to losses kicked in different kinds of emotions.Social media started doing its thing,my self-esteem and productivity got impacted…negatively.
This Is when trading took me to my first lesson,”Do self introspection”. I started identifying that my esteem is dropping and emotionally I had a lot that I was dealing with so me blowing my accounts also added to the equation, but out of the lessons I’ve learnt, the most common lesson in a trader’s life is to be patient and to take what the market gives you(partial profits) . I Started Identifying some aspects of myself I didn’t know about myself …for (e.g)My character.I used to be a guy that only sees something from my own perspective and I only went with that without even looking at what others are doing or trying to adapt.That right there led me to understand the concepts behind character.
I started writing down the person I want to be and how I want to live in the future and I started doing that from that day…till this day I’m still doing that and this brings me closer to my goals and It’s easier for me now to achieve most things I set for myself because I started focusing on myself as much as I do on my passions and that’s really important guys.
This is a summary of what my trading journey has been like.There’s more to this{trading} than it meets the eye.
My recommendations: To open a forex brokerage account; I recommend RCG Markets for various trading instruments to choose from: Currency pairs, Shares, Metals, Energy Carriers, Indices.
This broker also has flexible leverage depending on your trading trajectory.
Before concluding; I’d like to also tell you some great news. There is a challenge happening at AUDACITY CAPITAL for forex traders worldwide. AUDACITY CAPITAL is funding forex traders who show potential in forex trading through their programme called the Ability Challenge.
Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.
Opportunities in the Forex Market are endless.Now don’t confuse not being able to identify and successfully trade everyday with the term ,”Endles opportunities”
The reason why we say that there are endless opportunities is because every week of the month you get an opportunity/more to trade in the market.Even price patterns/behaviours come and repeat the same patterns over and over again in months and years.
This gives you ample time to really be that determined to learn and improve your trading skill and IQ.Do not be pressured by anything happening in your life and in the World. The Market is teaching you to be patient so you might as well work on your inner self.
The concluding factor is that practice doesn’t make perfect but it makes improvement, no matter how cliché it sounds.
My recommendations: To open a forex brokerage account; I recommend RCG Markets for various trading instruments to choose from: Currency pairs, Shares, Metals, Energy Carriers, Indices.
This broker also has flexible leverage depending on your trading trajectory.
Before concluding; I’d like to also tell you some great news. There is a challenge happening at AUDACITY CAPITAL for forex traders worldwide. AUDACITY CAPITAL is funding forex traders who show potential in forex trading through their programme called the Ability Challenge.
Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.
Support and Resistance levels are both very important and useful in many cases.
Support and resistance levels are used to identify levels where price either finds support to keep pushing up or finds a level of resistance that pushes the price down.
One can use the levels to help identify a trade trigger(breakout,retest and enter),It can also be used to identify tp levels and lastly,it helps to identify levels where the price creates volume(new opportunities in the market)…new structures.
You have to practice these basics and know them by heart as they are of great importance.
Pick any currency pair of ur choice and start identifying levels of support and resistance.If you are comfortable you can also add trendlines to identifying your trends.
My recommendations: To open a forex brokerage account; I recommend RCG Markets for various trading instruments to choose from: Currency pairs, Shares, Metals, Energy Carriers, Indices.
This broker also has flexible leverage depending on your trading trajectory.
Before concluding; I’d like to also tell you some great news. There is a challenge happening at AUDACITY CAPITAL for forex traders worldwide. AUDACITY CAPITAL is funding forex traders who show potential in forex trading through their programme called the Ability Challenge.
Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.
EverythingTrading 