Shapes in the cloud.

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

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

Peter

wackypete2 said:

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

Peter

Click to expand...

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.

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

wackypete2 said:

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

Click to expand...

Thanks. Good advice.

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.

Rooster34 said:

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.

Click to expand...

Peter