Shapes in the cloud.

[Rooster34]

No, not the ichimoku cloud!!!
Yesterday i posted some levity because I was at a point where I thought my head was going to explode. However last night on the way home ( I wasn't driving ) I was watching Eur/usd on the 5m chart and there were several flat candles in a row. I checked the higher timeframes and it was in an uptrend. So I thought to myself "huh, that has to go somewhere...." a green candle popped up. Then another one started at the high of the previous one. Looks like a breakout I said to myself. I got long at .3925 I believe it was ( demo) and looked back at the bottom of the recent flat candles and put my stoploss there. And doubled my stoploss and put my T/P at 20 pips. I just sat and watched it for an hour or so.
The very cool thing is that it would go up a few green candles and retrace a few red, up and down. But always in an uptrend. And I pretty much felt I knew what it was going to do. And I was right. Well it hit .3945 wish gave me the profit and then it took off. Lol I don't care though.
Something is different today, I feel like shapes are finally appearing in the clouds, and I made a trade (demo) that gave me my daily pip target with nothing more than price
action. Yesterday I thought I might fail. Today I know I will get thus someday

 

[wackypete2]

Persevere, but use caution. Discipline, and some common sense will keep you in the game until you find your edge!

Peter

 

[Rooster34]

Persevere, but use caution. Discipline, and some common sense will keep you in the game until you find your edge!

Peter

Thanks. I finally feel like there is a way out of the rat race. Turns out showing up to a brainless 9-5 is one s%#t ton easier than learning this buisiness. But maybe in a few weeks I'll post a setup I've been working on and just open it up to criticism, both positive and negative, and see if I can hash out a set of rules and filters. Maybe.

 

[wackypete2]

You will need ice in your veins to post your set-ups here!
Some people will offer constructive advice: take what ideas you can from them.
Others will want to nail you to the wall and tell you what a loser you are: ignore them.

The moral here...just like trading, don't take anything said on these boards personal. It's not worth the stress!

Peter

 

[Rooster34]

You will need ice in your veins to post your set-ups here!
Some people will offer constructive advice: take what ideas you can from them.
Others will want to nail you to the wall and tell you what a loser you are: ignore them.

The moral here...just like trading, don't take anything said on these boards personal. It's not worth the stress!

Peter

Thanks. Good advice.

 

[Rooster34]

Just did it again, got cable for 15 pips. This is the first time in demo or real life I've have 2 trades positive in a row. Both on price action alone.
Now im starting to get excited. Both trades with the overall trend. I'm starting to see the value of moving averages. And i don't think it's a MA cross. They allow you to keep an eye on the trends on different time frames so you're not trading against the overall trend.

 

[wackypete2]

Just did it again, got cable for 15 pips. This is the first time in demo or real life I've have 2 trades positive in a row. Both on price action alone.
Now im starting to get excited. Both trades with the overall trend. I'm starting to see the value of moving averages. And i don't think it's a MA cross. They allow you to keep an eye on the trends on different time frames so you're not trading against the overall trend.

Peter