#USDJPY - #Update - fell and hitted its 40 pips target I had on it, still has room to fall for another 15 pips but I didn't want to risk it so I saved my profit here.

#Gold - #update - as I expected it fell but it didn't activate my 1260 buy limit on it before flying back up, still it reached my 1263.50 order and I entered there

I closed my 1270 and 1272 orders in 50 and 70 pips of profit, but I'll keep my 1263 order open

#AUDJPY - #update - it has fell for 80 pips since the last time I shared the chart. it still has room to fall for another 50 pips,but since we might see a correction, you can save your profit here too

I closed my own order which I had from 87.600 on it here. since its not a pattern trade I didn't want to risk keeping it open anymore.

just so you guys know, my target for my 1263 order is 1281.00 (I'm going to close it there and then wait for a good opportunity to sell it again)

#EURUSD - beautiful head and shoulders pattern, I'm waiting for the pullback to finish and I will sell it there for a 200 pips target!

#GBPJPY - if it breaks out in that area, it can go for a 100 pips target.

#EURUSD - if it breaks out of the triangel pattern, it can go for a 30 pips target. I

#AUDJPY - I accidentally deleted this post when I wanted to fix the typo in the update of it to show it has hitted its 10 pip target. so I repost it again, just to keep it in our end of the week count

#AUDJPY - #update - hitted its 10 pip target.

#EURUSD - #update - It broke out of the pattern and since I was too busy with posting pics to this channel I missed it! now I will wait to either get on it if it creates a pullback or.. [tbc]

or I will not trade it at all and try to sell it after it reached its target. (for that head and shoulder pattern on the daily chart)

#EURUSD - I'm now kinda glad I missed it, since the triangle pattern seems like it has failed. (I still count -15 pips for the pattern since I shared it and someone might have took the trade even tho I missed it myself)

#GBPJPY - it seems like its currently trying to break out of the triangle pattern, but since its outside of that area i highlighted, its very high risk and I won't trade it myself.

#Gold - #update - it seems to be breaking the short time acending trend I have on it, so I closed my 1263 order here in 80 pips of profit.

#GBPJPY - #Update - reached its 100 pips target.

#EURNZD - head and shoulders pattern, it can go for a 200 pips target. I will either sell it after it breaks through that static line, or if it moves pack to the neckline of the pattern.

#EURNZD - #update - completed the pullback, fell a bit and moved back up and this time gave a better entry, I entered small at 1.6890 and I will add to it after it breaks through 1.6815 static line.

some of the members of the channel contacted me and asked me to add exact entry points and stoploss for the trades.

the reason I don't share exact entry and stoploss for the trades I share, is that I want everyone to manage their entry and stoploss based on their own preferences...
I myself usually go for a risk to reward ratio above 1:1, even tho I have a decent success rate with my trades, I still like to win more than I risk on each trade (or at the very least win as much as I risk)
this is how you can keep your head above the water in this line of work. if you risk more than you take, you're bound to crash and burn at some point in the future even if you perform very well in the short term.

so let me make it a bit clearer with an example like the EURNZD trade I shared. when I say there is a head and shoulder pattern and it has broken the neckline, you have two options... A) sell it immediately. B) waiting for the pullback to the neckline and selling it there.

if you decide to go with option A, you know there is a big chance for a pullback so you can't enter here and put a tight stoploss on your trade, you're just going to increase the chances of losing dramatically by putting a tight stoploss on your trade. so you have to pick a wider stop, and therefore choose a smaller risk to reward ratio like 1:1.5 or lower like 1:1
in this situation, its a good idea to divide the lot size you want to trade on this analysis, into 2 or more parts and enter a small part of your order here, and if it created the pullback, add the rest of it there. this way if it didn't create the pullback you still get a profit on the small order you have on it anyways and might even get an upportunity to add to your initial position on the way to your target.


if you go with option B, you enter when the pullback is finished, and this way, you get to have a tigher stoploss, so you can have a better risk to reward ratio on your trade like 1:3 or 1:4. you'll risk less than you are standing to gain.




but risk to reward ratio is not the only thing you have to think about when choosing a stoploss on your trades, I have posted about this subject in the past and I will bring that post down again under this post so you can read that again if you have joined recently.
its always better to put your stoploss behind a important static line (support or resistance lines) so if the price moved against you, the buyers or sellers in that area can push it back and prevent your stop from getting activated and taking you out of the trade.


for example in the trade I have shared on EURNZD, assuming you were to enter with me on the static line of 1.68900, we first need to asses the size of our target for the trade, in this case, if I were to just enter for a smaller target like 50 pips till the static line of 1.68500, then a decent stoploss would have been behind the 1.69300, it would give me a decent 1:1 risk to reward and chances of the target being hit very soon was a lot higher.

if I were to choose a bigger target like 100 pips (static line of 1.68000) I could go with either a 1:2 risk to reward ratio (stop loss behind 1.69300) or a 1:1 risk to reward ratio (stoploss behind 1.69900) on this trade.


the head and shoulder pattern gives me a potentially 300 pips target (I always aim for a smaller target than what the pattern provides and adjust my target based on major static lines so I can get out of my trades sooner and also lower my risk of the major lines changing the direction of price completely)
so I assumed a 200 pip target for this pattern ( static line of 1.66900 ) and since its a big target and the pattern has formed on a higher timeframe, I personally chose a 1:2 risk to reward ratio on this trade so my stoploss is behind 1.7000 static line (its about 110 pips stoploss for a 200 pips target, so almost 1:2 risk to reward ratio)


and everytime I decide to add to my positions I apply the same thinking to the new orders too, choose a good risk to reward ratio on them and hope for the best.

I hope this post helped those of you who were a bit confused about where to put the stoploss and where to enter the trades.



I don't like putting exact numbers so you can choose the risk to reward ratio however you are comfortable and mentally can handle.

good luck to you all and thank you again for the support.