I posted all of these pics just to say one thing. there is an ever-lasting connection between charts on different time frames. there are always different (or same) patterns forming on different time frames which somehow compelete each other in order to reach certain prices (these are usually round prices, where there is a strong supply and demand in the market, which usually turns around the direction in which the price is moving. usually these prices are where the long time trend lines meet the price. )

and by knowing this, you can always calibrate your trades in the same direction as the market and by doing this, you will have the odds in your favor.

always remember, if there was no way of knowing where the market is going, none of the institutions would place any trades. their computers work on a different level than human brain, yet even those computers use the same pattern the human mind uses (because after all, humans design those programs) so you just have to think like those computers and follow the patterns to be able to assess where the market is moving towards.

hope this helps you guys understand some concepts better.

I've had some personal problems in my life, which is why I haven't been active in the past two days, but I'll be back again to pick things up very soon. next week I'll try my best to be online throughout the week so we can see how many pips we can score together during the week ;)


please share the posts of this channel (the analysis or educational posts) to other beginner traders you know, so the channel grows faster and we can reach the 1000 member mark sooner, cause thats when I'll launch the youtube channel and do live trades and answer questions on the spot.

by the way, I already have an open buy order on the #USDJPY at 113.150 (just in case the smaller triangle broke from the above and moved towards the target of the flag pattern sooner.

but I still have the stop loss behind the 112.700 support line ( stop loss is 400 points)

so you might want to do the same too.. at least with a small volume so you can add to it if price moved down to where we want it ( which is a bit above 113.000 and around 113.050)

#Gold - its in a very interesting place right now, I suspect its trying to break the red line and fall down to the buttom of the triangle pattern.

#Gold - this is what I expect for the gold movement in the short term (probably less than 24 hours)

#Gold - I have two sell limit orders at 1223.20 and 1224.45 both with a 600 points stop loss and 1800 points take profit. just in case the price made a pullback and came up again to the middle of the flag's channel.

guys I just realized I have written sell limit instead of buy limit!! even tho I have explained in depth why the price is going to move up!

sorry for the mistake, please correct it accordingly.

as I suspected, it jumped up and tuched the top line of the triangle pattern one more time before coming back down. so I closed my order and saved the 15 pips profit. now I'll wait for it to activate my buy limit order (or at least comes close enough to it so I put in anoher order by hand in that area)

it broke the triangle pattern from the top, so now it seems to be forming a small flag pattern before jumping up again to break the short time decending trend line. so I went in with a small buy position at 113.433 with a 400 points stop and 400 points take profit. but its a bit riskier now.

the flag it created reached its target, so I closed part of my positions on 50 pips profit. the remaining, I will keep for the ultimate 80 pips profit.

gold had activatd my sell limit at 1223.20 and its already 40 pips in profit. I also had another position open at 1220.63


price seems to be falling down fast so I will keep both of these position open till their target (I might close one of them around 100 pips and keep the other one for the 180 pip target)

#USDJPY - it saw a bit of resistance 113.750 since it is the top of the ranging channel, but it will break through it to reach the target of the triangle pattern at around 114.100


this is why some people lose money, they try to sell the ranging channel from the top (as most of educational articles say that you should do that when the market is ranging in a channel) but what they don't know is that the price is already on its way to complete a pattern. so they short (put in sell orders) while the majority of the institution's computers are longing. and they end up having their stops hit even though seemingly they didn't do anything wrong.


if you want to be a winner in this market, you should always think like the computers ;)

#USDJPY - where the price is moving towards.

by the way, my take profit is under the 114.00 line. since that price is where there will be a big supply in the market, so the price might not be able to break through it easily. so I will get out of the trade at 113.975 with +80 pips profit. and wait for it to make a pullback to the top line of the bigger triangle pattern, and then I might long again for the target of the triangel at 114.900 (again, I will get off a few pips below that)

#USDJPY I think the price is forming yet another flag pattern before moving further up.

I closed all my remaining positions on USDJPY at 65 pips profit. since the resistance seems very strong at the moment. and my stop for these positions was 40 pips so I can close them and wait for a good setup to enter again later on.

#USDJPY - price made a pullback to the top line of the triangle pattern, so I went in again with another buy order at 113.570 with a 200 points stop and a 400 points take profit.

hoepfully it will finish a small flag patten and then move up towards the target of 114.100

#Gold - I just closed my positions on gold with 25 pips profit, since I'm afraid it might be forming a triple buttom pattern, and might bounce up again, so I will try to find a sell entry again if that happens.

Closed the position again on 20 pips profit.

I'm now well passed my 100 pips quota of the day, and its been only 8 hours since I started.

Total pips of today so far: 210 pips.
USDJPY 150 pips - total of all trades I had on it.
Gold 65 pips - total of all trades I had on it.

I'm gonna take some time off, and probably sleep for a few hours and charge my batteries up and will be back later to see if I can find more profitable trades.

#USDJPY - Triangle on the 8 hour chart finished. so price could possibly fall down towards the buttom of the pattern.