2016 02 01. Idea for a day

And later....

2016 01 29. Forex trading

Account summary for January

2016 01 28. Forex trading

Thanks for elliot waves:) was extreme but good day.

Total trades: 22
Wins:13
Losses:9

Quantity of total trades improved.
win/loss ratio is not acceptable.
Risk/reward ratio too risky.
Entry points were too early.

Could have more profit today.

I have to work on and improve those KPIs.

Forex trading. Elliot waves

Today in the EUR/USD chart we can see Elliot waves. I made a good profit using elliot waves selling and buying at the tops&bottoms.

Forex trading. Triangle patterns

I would like to share in my opinion classic situation there we can see clear triangle pattern. Ussually this pattern has trend continuation meaning. I presume that price will break the top triangle line and later will form a nice flat. I think today the price has strong upward move so i believe that price can go even higher than green top line very soon.

I have noticed also that volume bars increased and became green color. Good sign for increasing "buy power.

I have a few long order placed. I have really tight TP and SL levels but as you know already my trading actually is a sclalping so it is enough for me. Will see how it works.

2016 01 26

Not much but keeps me in the game.

Today was a flat trend all day

2016 - 01 - 25. Forex trading

today is monday and good profit taken. This week seems promissing!:)

Total trades:30

Wins: 24

Lost: 6

Risk/reward ratio still has to be improved. 

Comment: best result achieved on placing long orders than shorting.

Overall account summary

Article worth reading - disciplined forex trader

I want to share with you one article about discipline in trading.

http://www.learntotradethemarket.com/forex-articles/how-to-become-a-disciplined-forex-trader

Have a nice reading!

Forex. Trend reverse

Before i make decisions i need to know exactly where the price is going, what is the trend. Waiting until price will touch minimum or maximum levels and after this i am starting look for the opportunity. As a rule, before trend change direction there will be flat channel formed. It is important to wait until price will show the new direction. in The chart below you can see the new HL and HH so this is a signal for me that time to think about entry point.

Test and retest. This the common situation where market makers trying to fake trend continuation. Most of the time we can see re test also. Re test may be with a lower lows or higher lows from previuos however it doesn't matter. 

FLAT Channels

I know that most of the traders are looking for the triangles in the charts that basically means that there will be some corrections of the price however i have noticed that triangles anyway turns to the flat channels. I would like to share a few comments about flat channels and what the price does when it cross the flat channel highs and lows.

In the picture below you can see one example how use triangles for small profit.

DK fund: kraucionisd@gmail.com 

2016-01-21 forex day trading

Still trying to improve my risk reward ratio and minimize the quantity of trades per day in order to achieve better results

2016-01-19. Forex trading

This week i had less time to trade but happy to be profitable, today i have made 19 pips. Enough for living:)

By the way if you are interested in my trading history and strategy which i am using please contact me in private email kraucionisd@gmail.com or just leave a comment on this post.

Overall result so far is a nice bunch of 82% of profit trading 1 lot EUR/USD currency. Hope i am going to do the same nice trading and going to grow my portfolio. When i will reach 6000 Eur balanse i will rise my trading size to 1.5 Lot.

Identification of indecision patterns

Again and again it happens, traders flow with a bearish or bullish trends but at the end of the day they end up in the price channels where we can see strong indecision. I try to focus to the channels rather than to the trend. 100% percent of time price will break the indecision channels one way or another and when it's my time to "play the game". This attitude keeps my balance in profit.

2016-01-15 forex trading

Was a good day however i didn't keep my promise to minimise order quantity per day. Quantity of trades must be as minimum as it is possible with the higher profit.

Total trades: 17

Winning 13

Losses 4

Overall profit: 294.30 EUR

News

As it will be Friday tomorrow and there will be some high importance news i will close all my trades before start of the news. News are deposit killer so i do not want to turn my profit into loss:)

2016 01 14 forex trading

Today was not so bad but not what i have expected. I still learning the rule: " Get the profit and walk away without greed". Today i had losses but overall trading balance was profitable, not much but OK for me. Still need to improve quantity of orders closed (19 trades/day) . This KPI is very important. I noticed that less orders gives more profit so second lesson learned: "less is better".

Tomorrow will be friday so i will open max 5 orders and will see if it will increase profitability of my portfolio.

Total trades 19

Winning 14
Losses 5
Overall profit: 368.5 EUR

2016 01 13 forex trading

Profit gained on 2016 - 01 - 13. It was really good day:) I love scalping, i don't keep my positions too long, market can change any minute and we can not forecast the future price so i really enjoy to go with a flow, trading in the current moment, allowing the price to show me the real trend.

Total trades 79

Losses: 24

Win: 55

Profit: 1415.06 EUR/ day

Started with a 3000 deposit.