{"id":451,"date":"2019-05-27T15:34:26","date_gmt":"2019-05-27T06:34:26","guid":{"rendered":"https:\/\/forex-kei.com\/?p=451"},"modified":"2019-11-02T18:40:08","modified_gmt":"2019-11-02T09:40:08","slug":"live-trade-recorded-from-entry-to-make-2700-on-aud-cad-on-24th-of-may","status":"publish","type":"post","link":"https:\/\/forex-kei.com\/?p=451","title":{"rendered":"LIVE trade recorded from entry to make $2,700 on AUD\/CAD on 24th of May"},"content":{"rendered":"<p>This is a recording from last Friday, 24th of May, 2019. I recorded live and explained how I look at a chart from placing an order to making profit on AUD\/CAD.<\/p>\n<p>In the recording I mainly explain based on 30min time frame chart. But I do look at a chart multi-time frame from Weekly, Daily and 4H charts.<\/p>\n<p>It took some time to edit the recording because of some microphone issues&#8230; but hopefully you enjoy the video.<\/p>\n<h2>Watch Video<\/h2>\n<div class=\"epyt-video-wrapper\"><iframe loading=\"lazy\"  id=\"_ytid_57862\"  width=\"780\" height=\"439\"  data-origwidth=\"780\" data-origheight=\"439\" src=\"https:\/\/www.youtube.com\/embed\/RJ-B8LaD8RY?enablejsapi=1&autoplay=0&cc_load_policy=0&cc_lang_pref=&iv_load_policy=1&loop=0&modestbranding=1&rel=1&fs=1&playsinline=0&autohide=2&theme=dark&color=red&controls=1&\" class=\"__youtube_prefs__  no-lazyload\" title=\"YouTube player\"  allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/div>\n<h2>Script<\/h2>\n<p class=\"p1\">In this video<span class=\"s1\">,<\/span> I am explaining from placing an order to making a profit<span class=\"s1\">,<\/span> and showing you how I am thinking and feeling during the trade and hopefully it gives you some kind of idea or inspiration for your trading. So here we go!<\/p>\n<p class=\"p1\">This video was recorded live last Friday on the 24th of May. The chart is AUD\/CAD in 30min time frame. As you can see<span class=\"s1\">,<\/span> the current trend is bullish as the price has been above Ichinoku cloud <span class=\"s1\">(<\/span>Kumo<span class=\"s1\">),<\/span> and also has been lower highs and higher highs. Currently the price is right at the Ichinoku cloud<span class=\"s1\">,<\/span> suspecting the price to be supported by the cloud and go above. Also<span class=\"s1\">,<\/span> because the price looks supported twice after the recent bearish price action<span class=\"s1\">,<\/span> the market shows bullish momentum.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-454\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-1-1024x552.png\" alt=\"\" width=\"728\" height=\"392\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-1-1024x552.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-1-300x162.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-1-768x414.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-1-728x393.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">So I placed buy order now and see how that works. Another reason why I want to buy at this point is because the current price is right at the bottom of the recent lows<span class=\"s1\">,<\/span> which makes the risk to minimize but can aim for a big profit. And I just placed a Stop Loss at about 22 pips below the entry price because 1. Current price is just above Ichimoku Cloud so if<span class=\"Apple-converted-space\">\u00a0 <\/span>the price goes below the cloud<span class=\"s1\">,<\/span> that means that the environment changed to either range or down trend. and 2. current max volatility for this AUD\/CAD is about 22 pips so this is a reasonable place to put the SL.<\/p>\n<p class=\"p1\">You might noticed the Stochastics showing dead crossed but I see it<span class=\"s1\">\u2019<\/span>s not really working for this setting for the past few days so I just disregard this one.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-455\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-2-1024x552.png\" alt=\"\" width=\"728\" height=\"392\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-2-1024x552.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-2-300x162.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-2-768x414.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-2-728x393.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Now I expect the price to go up and make profit as always<span class=\"s1\">,<\/span> but in forex world<span class=\"s1\">,<\/span> there<span class=\"s1\">\u2019<\/span>s no assurance for the price to move as your desired direction. And that<span class=\"s1\">\u2019<\/span>s why it<span class=\"s1\">\u2019<\/span>s always better to find a place like this where there is relatively higher possibility for the price to go towards a direction I expect because by keep doing this<span class=\"s1\">,<\/span> I can maximize not only the profit but also the Profit Factor and Max Drawdown.<\/p>\n<p class=\"p1\">In Japan it<span class=\"s1\">\u2019<\/span>s still like later afternoon so I will keep watching the market. but if I have something to do or go out for a dinner with my friends<span class=\"s1\">,<\/span> I would place a trailing stop and won<span class=\"s1\">\u2019<\/span>t look at<span class=\"Apple-converted-space\">\u00a0 <\/span>a chart until I can. That<span class=\"s1\">\u2019<\/span>s because I think this is reasonable place to buy and accepted 20pips of loss. It<span class=\"s1\">\u2019<\/span>s not that I am <span class=\"s1\">\u201c<\/span>confident<span class=\"s1\">\u201d<\/span> that the price goes up<span class=\"s1\">,<\/span> but it<span class=\"s1\">\u2019<\/span>s because I accept the loss and think this is a good place for an investment.<\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s see how it goes\u2026<\/p>\n<p class=\"p1\">After 6 hours<span class=\"s1\">,<\/span> the price hopefully went up and made some profits.<\/p>\n<p class=\"p1\">Now I moved my SL to slightly above the entry price because I can see the price is firm on bullish momentum as it forms lower highs.<\/p>\n<p class=\"p1\">If the price is still unstable<span class=\"s1\">,<\/span> like moving up and down<span class=\"s1\">,<\/span> I might not move the SL but recent price action shows that it looks like W bottom and to me<span class=\"s1\">,<\/span> it looks like the bottom is solid and firm.<\/p>\n<p class=\"p1\">Also<span class=\"s1\">,<\/span> if you look at the price action<span class=\"s1\">,<\/span> the buy energy is stronger than sell energy<span class=\"s1\">,<\/span> like after 3 big and positive candle sticks<span class=\"s1\">,<\/span> 2 small negative candls<span class=\"s1\">,<\/span> then another 3 big positive candles<span class=\"s1\">,<\/span> then it<span class=\"s1\">\u2019<\/span>s now forming a negative candle stick but now it<span class=\"s1\">\u2019<\/span>s relatively smaller.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-457\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-4-1024x552.png\" alt=\"\" width=\"728\" height=\"392\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-4-1024x552.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-4-300x162.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-4-768x414.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/c71fada4e0275803fcea516449b81ea4-4-728x393.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> if you look at the current price<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s at the same level as a recent high<span class=\"s1\">,<\/span> that means the price could come back down to the entry price. But it<span class=\"s1\">\u2019<\/span>s ok because even the price comes back down<span class=\"s1\">,<\/span> I won<span class=\"s1\">\u2019<\/span>t lose any money. And I will look for another entry chance like this. So for now<span class=\"s1\">,<\/span> I will expect the price to go further up.<\/p>\n<p class=\"p1\">This is 5min chart after few hours from the previous chart. I was getting ready to go to bed because it was already midnight in Japan but as I looked at the chart<span class=\"s1\">,<\/span> I found the price broke the recent highest and up about 27 pips from where I placed buy<span class=\"s1\">,<\/span> making 2<span class=\"s1\">,<\/span>700 USD now.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-458\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-1024x553.png\" alt=\"\" width=\"728\" height=\"393\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-1024x553.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-300x162.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-768x415.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-728x393.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">If you look at the recent price action<span class=\"s1\">,<\/span> before it spikes up<span class=\"s1\">,<\/span> it formed a range<span class=\"s1\">,<\/span> just as it charges its energy for the next move and this time<span class=\"s1\">,<\/span> it went up. Now<span class=\"s1\">,<\/span> I just moved the SL to the slightly below the recent range<span class=\"s1\">,<\/span> ensuring about 9 pips and aiming for further profit.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-459\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-1-1024x553.png\" alt=\"\" width=\"728\" height=\"393\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-1-1024x553.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-1-300x162.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-1-768x415.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/05\/51f5b4ec03bbe41f8cef196bc4b73100-1-728x393.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">This is basically what I do every day as a full time individual trader. I look for a place where there<span class=\"s1\">\u2019<\/span>s higher possibility for the price to move the expected direction with minimum loss. And after placing the order<span class=\"s1\">,<\/span> I will just leave it until there<span class=\"s1\">\u2019<\/span>s a certain price action confirmed next.<\/p>\n<p class=\"p1\">Sometimes people cannot wait after they place an order like moving SL<span class=\"s1\">,<\/span> cancelling the order<span class=\"s1\">,<\/span> or place an order with opposite direction for any reasons. I guess it depends on what time frame you trade<span class=\"s1\">,<\/span> like if you are a scalper<span class=\"s1\">,<\/span> it might be the case. But if you are a day trader like me<span class=\"s1\">,<\/span> or someone who wants to leverage time and extend a profit as much as possible<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s something you should not do.<\/p>\n<p class=\"p1\">The job of a trader is not just placing an order or taking profits but rather it<span class=\"s1\">\u2019<\/span>s more to wait<span class=\"s1\">,<\/span> wait for the right place for an entry<span class=\"s1\">,<\/span> watch the price action and wait for the right place for exit or take profit. And if you cannot wait and stand still until then<span class=\"s1\">,<\/span> you might lose money and more importantly<span class=\"s1\">,<\/span> you will <span class=\"s1\">\u201c<\/span>regret<span class=\"s1\">\u201d<\/span> to lose money in that way.<\/p>\n<p class=\"p1\">But if you learn to wait until a right timing<span class=\"s1\">,<\/span> and if you become used to place orders at the right time<span class=\"s1\">,<\/span> I think that<span class=\"s1\">\u2019<\/span>s the first step to become a successful trader.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a recording from last Friday, 24th of May, 2019. I recorded live and explained how I look at a chart from placing an order to making profit on AUD\/CAD. In the recording I mainly explain based on 30min time frame chart. But I do look at a chart multi-time frame from Weekly, Daily and 4H charts. It took some time to edit the recording because of some microphone issues&#8230; but hopefully you enjoy the video. Watch Video Script In this video, I am explaining from placing an order to making a profit, and showing you how I am thinking and feeling during the trade and hopefully it gives [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":460,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_expiration-date-status":"saved","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[1],"tags":[22,29,52,54,75,76,3,8,9,11],"class_list":["post-451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-youtube-videos","tag-constantwinningtrader","tag-trade","tag-mental","tag-psychology","tag-audcad","tag-ichimoku","tag-forex","tag-trading","tag-livetrading","tag-pickup"],"_links":{"self":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=451"}],"version-history":[{"count":2,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/451\/revisions"}],"predecessor-version":[{"id":461,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/451\/revisions\/461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/media\/460"}],"wp:attachment":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}