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Trading Forex is Hard

Missed your postings! Glad you are back!
I really like the price action strategies. I used to use the same concept, and still use with a few more confirmation. I wait for the liquidity sweeps that are in the same direction of the market and preferably when we have a sharp trend. then enter if the sweep is confirmed in lower timeframe by breaking high/low.
+1 to what Tony said above.

Staying in line with the thread, here was an interesting one I had earlier today taking a pound short (sorry in advance for the bad screenshots).

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Bounce off of a resistance zone with momentum. Unfortunately I moved my stop too quickly (even though the previous leg wasn't all that clear). +3.8 pips.

However, watching live it was clear the price wanted to continue lower. And after that strong initial reversal signal it was a no brainer.

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A little back and forth and then another quick +7.3 pips for a total of +11.1 on the reversal of that leg.

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This was my last one for the day and I missed the break of the support zone around 10 mins later which could have been another easy 10-15 pips.


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+1 to what Tony said above. Staying in line with the thread, here was an interesting one I had earlier today taking a pound short (sorry in advance for the bad screenshots). {image} Bounce off of a resistance zone with momentum. Unfortunately I moved my stop too quickly (even though the previous leg wasn't all that clear). +3.8 pips. However, watching live it was clear the price wanted to continue lower. And after that strong initial reversal signal it was a no brainer. {image} A little back and forth and then another quick +7.3 pips for a total...
Nice. I think that's all there is to it - wait for those legs with gaps and try our best to get in a reversal with minimal losses, all those gaps eventually close, sometimes it just takes longer if price action starts going on a trend either way. That's all you need for success really, nicely done!

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Alot of people believe low timeframes are just noise, and in a way its true for those people, because they don't understand or see things the same way others do. This could be one of the biggest lightbulb moment posts you will read if you understand it. The two screenshots below are both 1 minute charts.
as you can see those tiny support/resistances that start off profitable trades happen all day every day - Minimal risk entries and high chance of profits.

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Alot of people believe low timeframes are just noise, and in a way its true for those people, because they don't understand or see things the same way others do. This could be one of the biggest lightbulb moment posts you will read if you understand it. The two screenshots below are both 1 minute charts. as you can see those tiny support/resistances that start off profitable trades happen all day every day - Minimal risk entries and high chance of profits. {image} {image}
Do you wait for the candle to close before entering, or do you monitor how price reacts around these levels and enter before the candle closes.
{quote} Do you wait for the candle to close before entering, or do you monitor how price reacts around these levels and enter before the candle closes.
I watch momentum live as it happens, very important.
Such top quality posting from the big man. You help me see something new with every post. Amazing stuff!
Recently, I watched a video about this strategy titled "Box Setup," and it looks interesting, so I should backtest it.
Two of my bigger catches today.

USDCAD short for 10 pips

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AUDUSD short for 7 pips

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I love it when the price makes long legs and fast reversals. Much easier to make money this way, as long as you become patient enough to sit through the slower, choppy, crap movements.
Classic Veni trade as proposed in the beginning of the thread

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it takes patience waiting for good setups when the market is moving slow and tight. There are times I get impatient and take crappy trades, especially after missing a good bet or two. My brain gets antsy and starts overthinking whether a trade is actually worth taking or not, in the hope that it will add pips to the bank. Too much boredom can lead to making irrational and impulsive decisions if one is not careful.

One thing that's clear is if you keep showing up every day and putting the work in, your brain automatically learns to stay a bit more patient next time, then even more the next time. As long as we keep learning from mistakes, treat them as learning experiences instead of failures, and keep trying, that will put you far ahead of most people who aren't willing to go through the hard work that is required.

it's easy when the market is moving fast and making long legs with deep reversals. What you do (or don't do) at the slower times makes a big difference too. Put the work in. Be patient and don't burn a hole in your account when there's nothing there. and don't give up.
+1 to what Tony said above. Staying in line with the thread, here was an interesting one I had earlier today taking a pound short (sorry in advance for the bad screenshots). {image} Bounce off of a resistance zone with momentum. Unfortunately I moved my stop too quickly (even though the previous leg wasn't all that clear). +3.8 pips. However, watching live it was clear the price wanted to continue lower. And after that strong initial reversal signal it was a no brainer. {image} A little back and forth and then another quick +7.3 pips for a total...
Got it. From the chart, the setup is clear:

  1. Clean intraday structure with a well-defined prior swing.
  2. Trendline projection and breach aligns with momentum continuation rather than a pure close-based breakout.
  3. The 40-pip fixed SL sits beyond recent noise, which makes sense on M5 gold.
  4. 60-pip target gives a clean 1:1.5 R:R, and moving to breakeven at +40 reduces downside exposure.
  5. Overall, it抯 a rules-based, repeatable execution model suited to XAUUSD volatility.

Key edge here is consistency and strict execution, not prediction.

Veni, Hi! This is a really great thread as well as the strategy. Thank you for your and Jens's contribution!
I am trying to implement it in my trading and getting better every week. Recently I have been thinking about the best way to place initial stop-loss.
Going throug the tread and your trade screenshots I realized that sometimes you put it right behind the respective high/low but sometimes with more buffer. I understand this in the latter case, you observe momentum when price crosses high/low and decide to leave/hold based on price action. This way it seems to work best for me as I can avoid so-called fakeouts. I am wondering is there any reason why you sometimes put hard stop loss with no buffer (for instance your 2nd screen from Dec 3rd)?

Do you still trade this strategy as the main source of income?
as I see this is the 3rd strategy in this thread... the first one i liked the most.