YoungFinance1

YoungFinance1

Took this on the 12h - missed the initial entry but price went down afterwards so I was able to get in at a discount. Price action is showing the potential start of a new up-trend and the indicators showing me good up-side momentum for entry. Again, as with all my trades - the SL is at 1.5x ATR and TP1 is at 1x ATR while TP2 is far far far away! Money management...

YoungFinance1

Took this long trade right before the daily close. Most of my analysis is on the chart itself. Making higher lows and we just made a higher high - indicators showing good momentum as well. SL is 1.5X the ATR TP1 is 1X the ATR TP2 high up there and I will manage this as it plays out.

YoungFinance1 Updated 

Waited for structure to break to the downside before shorting near the top of this range. Happy with this entry. ATR1 for first TP and TP2 shown.

YoungFinance1

Back from vacation and happy to be back and honing my skill. My trades have not been accurate lately but I have controlled my losses by cutting them quickly. Doesn't mean the losses don't sometimes get to me - I am human after all. This is zoomed out so you understand where price is at. It's the first touch the big supply zone and price has not only bounced off...

YoungFinance1

Got out of USDSEK before the news and now I'm in USDNOK after the news. It closed bearish and made new lows so I'm in. It's Friday so I will need to get out if it doesn't move much - which is an added risk. I have not caught many good ones this week - the only thing that has kept me alive is money management.

YoungFinance1 Updated 

Sold USDSEK on the 2h after the break of a triple top at a supply level. (2h is usually the lowest timeframe I will trade on) If you haven't noticed already - my method is simple - wait for price to get to a major supply or demand area and then wait for it to form a pattern and break the pattern to confirm my entry. Funny enough, the entry is the LEAST important...

YoungFinance1 Updated 

Trying this one again after price failed to break supply zone. Nice downward momentum!

YoungFinance1 Updated 

pretty straight forward - Supply zone topping pattern - in this care a head and shoulders - breaks to the downside and I get in! This week has been a grind so far. Not many of my trades have gone well and most are just sitting at BE. This is when it's most important to follow your rules and remember that in these cases you want to limit how much you lose. Don't...

YoungFinance1 Updated 

Gold formed a Head and Shoulders pattern after kissing the strong Supply zone from April 2013. Clearly it's been a long time since price has been here for Gold. I'm actually longer term bearish on Gold right now but the chart is giving me a nice sell signal and so I'm in. However, because of my bullish long term bias, I will be quick to get out if price tells me...

YoungFinance1 Updated 

4h sell of AUDNZD - chart explains it all. Price topped out at a strong supply zone. If you zoom out you'll see there is another supply zone above this one. Usually price likes to take out zones that are close to each other but I liked the setup anyway. If this goes against me I will cut it and wait. Happy trading everyone!

YoungFinance1 Updated 

Shorted this on the 4h. Possibly could've waited until 8h close to see about entry. Let's see how it goes.

YoungFinance1 Updated 

Took this position last night on the 4h after a lower bounce - GBPJPY at a supply zone and broke the topping pattern to give me an entry. Now price has just stalled so I will be careful with this one and cut it short if I have to. Let's see how it goes.

YoungFinance1 Updated 

Entered this on the 4h. Could be a continuation of the much larger downtrend that you can see by zooming out or looking at higher time frames. Two bottom blue lines show TP1 and TP2. Shorter term trade.

YoungFinance1 Updated 

Back in EURCHF long - got in on the 8h chart but can be traded on the 12h or daily. Only half position for now but will add the other half after daily close if it goes well. No need for explanation as this is almost the same setup as last time - just a little more developed, which is nice. Let's see how it goes!

YoungFinance1 Updated 

Saw this double bottom form on the daily at a big demand zone and waited for the structure to break. The I went long - pretty simple. Now let's see if it works! What I haven't mentioned in earlier trades is that I typically cut my losers quick if they start going against me. Let's see what I do with this one.

YoungFinance1 Updated 

Took this on the Daily. Not the lowest Supply zone but I like the momentum to the upside

YoungFinance1 Updated 

Same as the other two trades I've published so far. Waited for the Cable to reach a strong supply zone and form a bottoming pattern. I missed the initial breakout but jumped back in after the retest made new highs. This is on the 8h but could be traded on the 12h or daily. Let's see what happens.

YoungFinance1 Updated 

EURAUD got to a Supply zone and I waited for a clear topping pattern to form. I entered once the pattern broke to the downside. Trading this on the 8h chart to avoid the noise I see on the 4h and 2h. TP 1 is the first blue line. Let's see how it goes!