Today the price may give me some profit. Patience is the most important thing in trading. It is better  to wait long and trade then needed rather than lossing money.

After a few hours...

2015 12 30 forex trading

Hopefully a few days will be as always successful in Forex market after Christmas time. There will be no non farm news today so EUR/USD price may be more or less stable. I will update my account information in a few days before New Year! 

Profitable forex account

Recent update on trading

Profitable forex account

In the picture above you can see trading statistics which i made during two weeks. I have gained 36% of profit support/resistence level focused trades. Who would like to get more details about my trading strategy please do not hesitate to contact me using skype darius5444 or by email kraucionisd@gmail.com. Please put the note on  the email subject : "Forex trading"

Descending triangles

Most of the time you can spot in the charts things such Flags, triangles, pennants. I use them to forecast the future price movements. 

It is very important to wait before placing the order. If the price hit the upper triangle line it doesn't mean that price starting to move upwards. Price can quickly come back to the previous level. This is what i call is RE TEST (picture below).

Usually i place the order then the price show a really big movement down or up and volumes are increasing at the same time (picture below).

Preperation for monday

 One of the most important things are that each trader must to prepair for the next week Monday.

We need to evaluate what is going on, where the support/ resistance levels are. What is the trend, is it continues or it's going do be broken and will change direction.

I have checked long period 1D,4 H, 1H charts to evaluate overall trending. I recommend to double check each time twice to be sure before monday. When the first time you are looking to the charts potentially we can miss something.


Let's have a look to the chat of 1D. May be i am wrong may be i am right but i believe the trend has potential to go upwards. Price may recover after Friday fall.

Let's have a look to the chat of 4H. Where is risk that the price will break S1 level and when price will go down to S1.1 level.

By looking to the chat of 1H. I can see that price hit the bottom of the upward trend twice. This is a signal that price may go down on monday or it will bounce upward . I recommend to keep big focus  to the level 1.12947. If the price will hit this level and later will touch C point downtrend will be continue and potentially will touch 1.0920 price level. 

Otherwise price may go above price level 1.12947 and than potentially can touch 1.13668 level and so on.

So be focus, it is important to watch support level of 1.12947.

Risk reward ratio

As many traders saying that it is important to set up your risk reward ratio during the trading so i can strongly agree. 

But the question is which risk reward ration we should use???

 Some people use 1:1, 1:2, 1:3 and so on. It depends how much money you have to invest and how big you are going to risk.

I did calculations how many winning or loosing trades i have. An average is 70 % winning trades, 30 % losing trades however if your losses will be bigger amount than profits the total balance can be negative.

I choose the strategy when i am trading only by looking 30 min, 1h charts. 1,15,30 min charts for me only needed before i place the order. The key chart is 30 min where i can identify main support/resistance levels and also the trend. I call 1,5,15 min chart volatility changes as a noise. 

If you trade in a short period charts you have to set up your risk reward ration  according to the volatility depth. For example if you are looking to the 5 min chart: evaluate first what is the depth of the volatility and then place SL and TP levels. Best working risk reward is 1:1.

Over the few months i have tried another method. You can see it below in 30 min chart.  Right now i am looking for the bigger gains but also i am risking more. In order to protect my order from "volatility noise" most of the time i use around 200 pips SL level. In this particular example i placed my SL above the previous resistance level. I do it for the reason because smaller SL level can be risky and price volatility can eat your order straight away if you will place SL level for example 30, 40, 50 pips. Don't forget that SL at 40,50 pips is very good known by other players and they can move the price to your stop loss level and then price will go down to your expected direction. You will be mad because you placed too tight stop loss:).

To set up my take profit level i use the same 30 min chart. My goal is to identify strong support level below. I use support level as EXIT point, sometime i put TP level little bit above support level to be more confident.

THE MAIN RULE IS: BE PATIENT!!! to wait for the 1:3 risk reward ration is complete it is a very big psychological fight with yourself:) If the price moves to your expected direction, you can always pull down SL level to the actual order "0" level or even to the profitable level.

After this set up i usually stop watching my screen because it takes time to gain such a profit. If you will be watching your trade over 30 minutes you can go crazy and your plan will fail because of YOUR PSICHLOGY. It is high chance that you can change your decision 30 times over the 30 minutes so please avoid it:)  calm down and wait. If you loose, you loose, if you gain your target you will be more than happy.

2015 09 16 - 1H chat resistance break out

This morning i had a chance to spot a really good opportunity to jump in. It was a bit risky because none knows if market can change direction or not but i used opportunity. Please see below what's happened.

In 1H chart i have marked a few lines: support and resistance. I noticed that it is potential for price going up and soon it should break out so i placed BUY order at the resistance line with idea to close my trade nearly second resistance line.

After aprox 15 minutes EUR/USD price started to move forward in expected way. Happy, took my profit.

Mistake: i could wait a bit longer, however emotions took a place and i was happy to walk a way with smaller profit. Next time i will try to wait a bit longer.

EUR/USD consolidation - break out

I would like to share another situation regarding price consolidation. Most of the time it's happens to me. At the bottom of the trend very frequently we can see indicision of the trader. Mosts of them believe price will go up, some think that it should go down. In these situations below i try to buy ASAP because there is a big chance of price going up. Below you can see my forecast.

And so price is starting to go up..

A bit further and i begin to smile

Ussually i place take profit in the level of first resistance line. My risk/rewar ratio is 1:1,2.

The main rule i have learned is to be calm and do not be greedy. Profit guaranteed.

Support and resistance levels

What i have found that it is important to identify resistance and support levels. These levels means that traders believe these levels are bearings for the currency price. If support/resistance line repeats at certain price during the long period of time it's mean that we have a very strong resistance or support level. Most of the time when price goes above resistance we can expect high volatility and also quick break out and opposite if the price goes below support level  it may be strong indicator to reconsider your investment.

Please see example below. My expectations were that price will go up and will break out the resistance level at 1.3247.

A few minutes later market started to move...

Boom... got my profit, happy..

Please keep in mind that you can't use just only one tactical move such as this. Forex market is simple but in the same time it is really complex. Trader must be educated first, they need to understand what is important what's not, learn the basics. Please keep the note that this scenario happens however it is not working 100 % of the time.

FOREX BASICS

Basic rule is: “Buy stocks that are being bought, and sell stocks that are being sold.”

I choose to write this blog because there are so many people around the globe who try to do their best to have a opportunity to make money in the forex market and they strugle to achvieve good results. So i would like to share some findings and i hope you will use some of it.

As most of you i went throug the painful experience when at the beggining you expectations seems not reached yet, keeping loosing money and it's so painful that sometimes you just want to quit. Many of you guys had this feeling and the same experience, some of you even stopped doing this with a high demotivation level.

What i have learned that if you will not give up earlier, you will try to learn as more as you can, you can achieve good results in Forex trading. 

It like building the house. At the beggining there are so many things to plan, organise and it takes long time to complete the main goal so the forex trading is the same. At the end of the day you will get to the point their the forex market doesn't seem so hard and difficult anymore. Patient is the key and it is very important in this journey because it takes time to learn, find your own strategy, learn from your mistakes and put everyting in place.

I promised to my self that i am going to share my activities on the market so you can see what are the key areas which i focus the most, what i have found during trading sessions.