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H1

GBP-AUD Strong counter trend Cypher pattern setupThis is not really a trade setup, it´s more of a little thought sharing on emotions, the biggest enemy for us traders. As you people that follow me knows i trade harmonics an insanely simple and very profitable way of trading, removes all subjectivity from trading with some testable, verifiable, and repeatable rules. I could not trade in January because i was away from home traveling and too busy to take trades, so when we reached february i was itching to trade, had taken November and December off as always every year from trading and i had a newly investment infusion into my trading account, that ment i now had a responsability to not only make my self a living, but also keep another party happy with very little drawdown. And here comes out the new emotions i had not felt since i started trading, got soo concerned with cash preservation, protecting stops / moving stops that i was not following my rules. I was so hooked on making profit with no losses. But the thing is, in my rules there is no stop moving, my trades hits T1 60-70% of the time if no stop is moved, less if stop is moved, so i was suddenly making rookie mistakes. I started out with 2 weeks of 2% drawdown, it recovered to a 3% profit in week 3 but at that time i had taken my self in moving stops on so many orders i could have made the double. So i wrote down on a big note that if i broke another rule i was not allowed to trade for a week, which meant calls from the new invester. By doing that i got to remove my feelings from trading again, and what happened.. I got so relaxed about it, i knew my trading plan works and have done it for years, further more i had 8 trades until today that i would have killed with my emotions if i had continued on, like the one i posted right here. It hit my entry live and i was watching it free fall towards the stop, a heavily counter trend trade, but it met the rules - The rules that work again and again every year, in this one i once again cut my emotions out and it turned on a dime right before my stop and hit my entry for a 2% profit for today. Test your plan, control your emotions and carry out your trades till you can do them in your sleep and you will become Prosper beyond your imagination! But remember loosers is part of the plan too! Kind regards Thomas Jeff
by UnknownUnicorn101425
Cypher h1 audcad at matketHi traders. AUDCAD is offering a long opportunity at market. At market price is giving an improved risk:reward ratio since price action is below 786 BUT not violated X. Entry 0,9797, SL 0,9773, TP1 0,9829, TP2 0,9850 As always, comments are welcome --------------------------------------------- If you like this, hit LIKE and FOLLOW Also I invite you to check: www.facebook.com Subscribe on: eepurl.com "Build a plan, follow it consistently" Regards Rafael
Long
by rafo05
GBPJPY 1h Trend Trade Bull Cypher Channel SupportThis is a Trend trade with Cypher pattern stopping at leg D + channel support that has been respected in the past multiple times. Risk to Reward is great on this trade with 1st Target = 1 : 1 and Break-even for the remainder lots and take remainder lots either at 61% fib or let them ride up to double top. Keep an eye on RSI as it may show divergence by the time price hits end of D leg. Any opinions are welcome. Thank you for viewing this!
Long
by Mustafoinc