{"id":572,"date":"2019-06-14T15:16:47","date_gmt":"2019-06-14T06:16:47","guid":{"rendered":"https:\/\/forex-kei.com\/?p=572"},"modified":"2019-11-02T18:39:51","modified_gmt":"2019-11-02T09:39:51","slug":"break-even-strategy-live-traded-on-eurgbp","status":"publish","type":"post","link":"https:\/\/forex-kei.com\/?p=572","title":{"rendered":"Break Even Strategy: Live Traded on EURGBP"},"content":{"rendered":"<p>This is a live trade on EURGBP on 12\/06\/2019.<\/p>\n<p>I placed two buy positions and ended up with break even (little profit) and soon after closing the position, the price went straight down.<\/p>\n<p>Loss cut technique is very important because that&#8217;s the way to secure your account. And if you can survive from the market, there&#8217;s always a next chance. But if you die, that&#8217;s the end of the game.<\/p>\n<h2>Watch Video<\/h2>\n<div class=\"epyt-video-wrapper\"><iframe loading=\"lazy\"  id=\"_ytid_85657\"  width=\"780\" height=\"439\"  data-origwidth=\"780\" data-origheight=\"439\" src=\"https:\/\/www.youtube.com\/embed\/SVIeJ1nTdC0?enablejsapi=1&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=1&#038;loop=0&#038;modestbranding=1&#038;rel=1&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;\" class=\"__youtube_prefs__  epyt-is-override  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>EURGBP Daily chart on 12\/06\/2019<\/h2>\n<p class=\"p1\">This trading is recorded\u00a0on the 12th of June<span class=\"s1\">,<\/span> 2019.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-574\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/1-1024x573.png\" alt=\"\" width=\"728\" height=\"407\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/1-1024x573.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/1-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/1-768x430.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/1-728x408.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">This chart is the Daily chart of EURGBP I am thinking to trade this currency pair because as you can see<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s been a strong bull trend recently<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s no doubt.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-575\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2-1024x541.png\" alt=\"\" width=\"728\" height=\"385\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2-1024x541.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2-300x159.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2-768x406.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2-728x385.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">If you look at the price action<span class=\"s1\">,<\/span> the price marked a highest on last December<span class=\"s1\">,<\/span> higher low and lower low chart pattern<span class=\"s1\">,<\/span> then it went straight down<span class=\"s1\">,<\/span> then it moved up and marked double head<span class=\"s1\">,<\/span> then it came down and created range. Now<span class=\"s1\">,<\/span> when you look at the bottom of the chart<span class=\"s1\">,<\/span> it marked the lowest price 3 times<span class=\"s1\">,<\/span> and after the 4th drop<span class=\"s1\">,<\/span> it spiked up and it<span class=\"s1\">\u2019<\/span>s been on bullish momentum since then.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-576\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/3-1024x541.png\" alt=\"\" width=\"728\" height=\"385\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/3-1024x541.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/3-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/3-768x405.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/3-728x384.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> you can say that this is a wide range between the highest and recent lowest prices as shown in blue liens. And if you are a swing trader who holds position for months<span class=\"s1\">,<\/span> then this might not be a good timing because the price kind of in a middle of the range and it could go up to this highest or drop down to the lowest and the risk reward ratio will not gonna be good.<\/p>\n<p class=\"p1\">But for day traders like myself who only holds positions for a couple of days<span class=\"s1\">,<\/span> this is a great chance to buy because it<span class=\"s1\">\u2019<\/span>s on a bull trend obviously.<\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s break it down to 1H chart.<\/p>\n<h2 class=\"p1\">1H Chart<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-577\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/4-1024x542.png\" alt=\"\" width=\"728\" height=\"385\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/4-1024x542.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/4-300x159.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/4-768x407.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/4-728x386.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">This is 1H chart and it<span class=\"s1\">\u2019<\/span>s also showing bull trend just as Daily chart.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-578\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5-1024x540.png\" alt=\"\" width=\"728\" height=\"384\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5-1024x540.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5-768x405.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5-728x384.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">The price action has been continuous lower high, higher high until at the top but look how it<span class=\"s1\">\u2019<\/span>s changing after that. After it created like double top<span class=\"s1\">,<\/span> the price action became higher low and lower low. So Primary trend is still in a bull trend but if you break it down<span class=\"s1\">,<\/span> we can say that it<span class=\"s1\">\u2019<\/span>s currently on a down trend.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-579\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/10-1024x572.png\" alt=\"\" width=\"728\" height=\"407\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/10-1024x572.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/10-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/10-768x429.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/10-728x407.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> depending on how you look at the chart<span class=\"s1\">,<\/span> there are reasons for buy and reasons for sell in this chart. Think for a moment yourself and try to create a scenario<span class=\"s1\">,<\/span> like what do you think the chart will move from this point<span class=\"s1\">?<\/span> If you think it<span class=\"s1\">\u2019<\/span>s gonna go upwards<span class=\"s1\">,<\/span> what are the reasons<span class=\"s1\">?<\/span> And if you think the price will go downwards<span class=\"s1\">,<\/span> what are your ideas<span class=\"s1\">?<\/span> Think about it for a moment\u2026<\/p>\n<p class=\"p1\">Ok<span class=\"s1\">,<\/span> there are reasons that the price could go either direction.<\/p>\n<h3>Sell scenario<\/h3>\n<p class=\"p1\">First<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s think of a case when the price goes down. If I bring up the reasons<span class=\"s1\">,<\/span><span class=\"Apple-converted-space\">\u00a0 <\/span>Number 1<span class=\"s1\">,<\/span> the recent price action shows down trend<span class=\"s1\">,<\/span> like lower high<span class=\"s1\">,<\/span> lower low<span class=\"s1\">,<\/span> then along with the price action<span class=\"s1\">,<\/span> if you look at the moving average<span class=\"s1\">,<\/span> the pink line<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s moving downwards<span class=\"s1\">,<\/span> and the price just broke Ichimoku<span class=\"s1\">\u2019<\/span>s Cloud downwards.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-580\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6-1024x541.png\" alt=\"\" width=\"728\" height=\"385\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6-1024x541.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6-768x405.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6-728x384.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Then Number 2<span class=\"s1\">,<\/span> you can draw a horizontal line here so the price could be resisted here and could go down from the current price<span class=\"s1\">,<\/span> and we never know how far the price could go down.<\/p>\n<h3>Buy scenario<\/h3>\n<p class=\"p1\">Ok<span class=\"s1\">,<\/span> then when you created a scenario of buy<span class=\"s1\">,<\/span> what was your scenario<span class=\"s1\">?<\/span><\/p>\n<p class=\"p1\">First<span class=\"s1\">,<\/span> the primary trend is uptrend and if you see the chart in a longer time frame<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s still lower high so unless the price breaks the recent lowest<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s still on a bull trend.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-581\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7-1024x541.png\" alt=\"\" width=\"728\" height=\"385\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7-1024x541.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7-300x159.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7-768x406.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7-728x385.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Also<span class=\"s1\">,<\/span> look at the Stochastic. It<span class=\"s1\">\u2019<\/span>s showing oversold signal as it shows in red<span class=\"s1\">,<\/span> and also if you look at the recent candles<span class=\"s1\">,<\/span> their wicks are pointing downwards<span class=\"s1\">,<\/span> right<span class=\"s1\">?<\/span> So that means the price could be supported and could go up from here.<\/p>\n<p class=\"p1\">So which one did you think<span class=\"s1\">?<\/span> Buy or sell<span class=\"s1\">?<\/span> As you know<span class=\"s1\">,<\/span> there<span class=\"s1\">\u2019<\/span>s no universally right answer to it. It<span class=\"s1\">\u2019<\/span>s just how you see the chart depending on the timeframe<span class=\"s1\">,<\/span> how long you hold the position<span class=\"s1\">,<\/span> and what tools you use. If you have any other thoughts or ideas<span class=\"s1\">,<\/span> put them into the comment box below.<\/p>\n<p class=\"p1\">OK<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s break it down to 5min chart and see what we can find.<\/p>\n<h2 class=\"p1\">5min chart<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-582\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/11-1024x573.png\" alt=\"\" width=\"728\" height=\"407\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/11-1024x573.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/11-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/11-768x430.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/11-728x407.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">In 5min chart, the price came down all the way<span class=\"s1\">,<\/span> and marked selling climax<span class=\"s1\">,<\/span> then moved up but resisted<span class=\"s1\">,<\/span> then came down but it didn<span class=\"s1\">\u2019<\/span>t go below the recent lowest<span class=\"s1\">,<\/span> marked lower high<span class=\"s1\">,<\/span> then it<span class=\"s1\">\u2019<\/span>s moving up. The price broke Ichimoku Cloud upwards and it could be a sigh of trend reverse and the price could go upwards from here.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-583\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12-1024x575.png\" alt=\"\" width=\"728\" height=\"409\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12-1024x575.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12-768x431.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12-728x409.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">However<span class=\"s1\">,<\/span> the Stochastics shows overbought so the price could go down from this point<span class=\"s1\">,<\/span> and could mark lower high and go up<span class=\"s1\">,<\/span> or it breaks the recent lowest downwards and the price continue to go down. We never know.<\/p>\n<h3>Placed buy with 10 lots<\/h3>\n<p class=\"p1\">Anyways, I placed a buy following primary trend with relatively smaller lot<span class=\"s1\">,<\/span> just 10 for now because the price could go back down from here and also the distance to recent lowest is about 30 pips so I will take the risk into consideration.<\/p>\n<p class=\"p1\">It could be resisted once and could go up after that. I don<span class=\"s1\">\u2019<\/span>t know. But even the price goes back down<span class=\"s1\">,<\/span> I can take the risk of 30 pips<span class=\"s1\">,<\/span> about $3<span class=\"s1\">,<\/span>900 and aim for the target of 1H chart<span class=\"s1\">\u2019<\/span>s recent high<span class=\"s1\">,<\/span> which is about 100 pips<span class=\"s1\">,<\/span> so the risk to reward becomes 1 to 3 in this case.<\/p>\n<p class=\"p1\">We will see&#8230;<\/p>\n<h2 class=\"p1\">5min chart\u00a0 30min later<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-584\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/13-1024x574.png\" alt=\"\" width=\"728\" height=\"408\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/13-1024x574.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/13-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/13-768x431.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/13-728x408.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">This is like 30min later from the previous recording.<\/p>\n<p class=\"p1\">The price just broke upwards and\u00a0it<span class=\"s1\">\u2019<\/span>s pretty strong. Very strong buy energy here<span class=\"s1\">,<\/span> this must be caused by some fundamental new but&#8230; this is too strong. Whenever you see this kind of price action and when it shoots up or shoots down<span class=\"s1\">,<\/span> usually it comes back right down and start to go opposite direction. But in this case\u2026 we<span class=\"s1\">\u2019<\/span>ll see.<\/p>\n<h2 class=\"p1\">5min chart 1 hour later<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-585\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/14-1024x573.png\" alt=\"\" width=\"728\" height=\"407\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/14-1024x573.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/14-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/14-768x430.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/14-728x407.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Ok<span class=\"s1\">,<\/span> about 1 hour passed from the previous record.<\/p>\n<p class=\"p1\">After the spike<span class=\"s1\">,<\/span> the price is coming back down. Look how the price stopped at this bullish candle.<\/p>\n<p class=\"p1\">And if I draw a line as on the picture above, it was right at the past dip and the price shows the green engulfing candle pattern. So<span class=\"s1\">,<\/span> I place another buy with 10 lots here because I think it&#8217;s a sign of push back, and place the stop loss right below the recent lowest. I expect the price will go up from here but if it goes down<span class=\"s1\">,<\/span> I don<span class=\"s1\">\u2019<\/span>t want to hold the position until the greater lowest<span class=\"s1\">,<\/span> which is at this point<span class=\"s1\">,<\/span> so for this position<span class=\"s1\">,<\/span> I place stop loss here and if it gets cut<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s ok.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-586\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/15-1024x574.png\" alt=\"\" width=\"728\" height=\"408\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/15-1024x574.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/15-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/15-768x430.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/15-728x408.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">The price has been marking lower highs here<span class=\"s1\">,<\/span> and also<span class=\"s1\">,<\/span> if you draw lines as shown on the picture above, the angle is getting steep<span class=\"s1\">,<\/span> so if the price were to go up from this point<span class=\"s1\">,<\/span> it might be a great spot for continuous bull trend which is a primary trend. We will see.<\/p>\n<h2 class=\"p1\">1H Chart after a while<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-587\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/16-1024x576.png\" alt=\"\" width=\"728\" height=\"410\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/16-1024x576.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/16-300x169.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/16-768x432.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/16-728x410.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">This is 1H chart and after a while<span class=\"s1\">,<\/span> the price kept moving up as you seen above.<\/p>\n<p class=\"p1\">In the previous recording<span class=\"s1\">,<\/span> I placed buy at the arrow, and it just kept moving up since then. And the price just broke the recent highest upwards on this 1H chart and heading towards the next target<span class=\"s1\">,<\/span> which is at this level.<\/p>\n<p class=\"p1\">So at this moment<span class=\"s1\">,<\/span> I am thinking to move the SL to a little above because it<span class=\"s1\">\u2019<\/span>s clear that the market is on bull trend now. Let<span class=\"s1\">\u2019<\/span>s look at 15min chart and look for a reasonable price level for the stop loss.<\/p>\n<h2 class=\"p1\">15min chart<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-588\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/17-1024x575.png\" alt=\"\" width=\"728\" height=\"409\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/17-1024x575.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/17-300x169.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/17-768x431.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/17-728x409.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">This is the 15min chart. As you just saw on 1H chart<span class=\"s1\">,<\/span> this 15min chart also shows it<span class=\"s1\">\u2019<\/span>s on bull trend and you can see that the price just broke recent highest upwards. And let<span class=\"s1\">\u2019<\/span>s see where I can move the stop loss.<\/p>\n<p class=\"p1\">In this chart<span class=\"s1\">,<\/span> the price is moving above like 20 pips from the first position and about 15pips from my second position. This is something to remember but if the stop loss<span class=\"s1\">,<\/span> or the take profit line is too close<span class=\"s1\">,<\/span> then it might touch the line and lose position. Of course<span class=\"s1\">,<\/span> you don<span class=\"s1\">\u2019<\/span>t lose any money if it<span class=\"s1\">\u2019<\/span>s moved right above the entry position<span class=\"s1\">,<\/span> but your winning rate will become low in that case. So it all depends on the volatility and price action basically. So in this case<span class=\"s1\">,<\/span> in this 15min chart<span class=\"s1\">,<\/span> the price is moving up very strong recently and this is too strong<span class=\"s1\">,<\/span> I mean<span class=\"s1\">,<\/span> if it<span class=\"s1\">\u2019<\/span>s too strong like this<span class=\"s1\">,<\/span> it might be going backwards<span class=\"s1\">,<\/span> just as you saw earlier spike on 5min chart<span class=\"s1\">,<\/span> and creates a dip<span class=\"s1\">,<\/span> then the up trend may continue.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-589\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/18-1024x574.png\" alt=\"\" width=\"728\" height=\"408\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/18-1024x574.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/18-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/18-768x431.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/18-728x408.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">So, with that being said<span class=\"s1\">,<\/span> I will move both stop loss to the recent lowest<span class=\"s1\">,<\/span> which is at the level highlighted in white line. You know<span class=\"s1\">,<\/span> you don<span class=\"s1\">\u2019<\/span>t wanna lose any money so it<span class=\"s1\">\u2019<\/span>s necessary to move the stop loss to your position after you confirm the price is going up<span class=\"s1\">,<\/span> but the timing is very important. You cannot just look at a chart and say<span class=\"s1\">,<\/span> <span class=\"s1\">\u201c<\/span>oh it<span class=\"s1\">\u2019<\/span>s moving up so let<span class=\"s1\">\u2019<\/span> move the stop loss!<span class=\"s1\">\u201d No.<\/span><\/p>\n<p class=\"p1\">You better wait and see how the price will move<span class=\"s1\">,<\/span> whether it marks push back<span class=\"s1\">,<\/span> supported somewhere<span class=\"s1\">,<\/span> and goes up or not<span class=\"s1\">,<\/span> otherwise<span class=\"s1\">,<\/span> it could be a bad break-even because you lose that position and your winning rate will be dropped.<\/p>\n<p class=\"p1\">So it<span class=\"s1\">\u2019<\/span>s your call whether you choose break even or wait until you confirm the price action. Maybe you have to go out for any reasons like dinner or meeting friends or whatever and cannot look at a chart real time<span class=\"s1\">,<\/span> and in that case<span class=\"s1\">,<\/span> you could move the stop loss to the position with only like 20 pips or so away from the current price.<\/p>\n<p class=\"p1\">But anyways<span class=\"s1\">,<\/span> always keep in mind<span class=\"s1\">,<\/span> that when you have the position with some profit<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s already an advantage<span class=\"s1\">,<\/span> and you don<span class=\"s1\">\u2019<\/span>t wanna lose the opportunity so easily.<\/p>\n<p class=\"p1\">OK<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s see how it turns out.<\/p>\n<h2 class=\"p1\">5min chart few hours later<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-590\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/19-1024x573.png\" alt=\"\" width=\"728\" height=\"407\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/19-1024x573.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/19-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/19-768x430.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/19-728x407.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">OK<span class=\"s1\">,<\/span> few hours have passed and the price is coming back down now. This is 5min chart and I was recording the video at where the arrow shows. But the price has been coming back down now.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-591\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20-1024x571.png\" alt=\"\" width=\"728\" height=\"406\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20-1024x571.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20-300x167.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20-768x428.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20-728x406.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">The down trend is pretty steady<span class=\"s1\">,<\/span> marking higher low<span class=\"s1\">,<\/span> lower low. And looks like the price could be supported at the blue line and go up but this is like the last stand. If the price breaks this line downwards<span class=\"s1\">,<\/span> then I will cut the loss.<\/p>\n<p class=\"p1\">And if you watch the video, the tick movement shows it&#8217;s\u00a0pushing downwards<span class=\"s1\">,<\/span> not like pushing up the ceiling<span class=\"s1\">,<\/span> so it might break downwards. The energy downwards is pretty strong.<span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p1\">The profit between two positions were just like break even, or slightly on profit like few dollars.<\/p>\n<h2>Cut loss with small profit (almost break even)<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-592\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/22-1024x573.png\" alt=\"\" width=\"728\" height=\"407\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/22-1024x573.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/22-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/22-768x430.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/22-728x408.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\"><span class=\"s1\">So<\/span> I cut the loss. Then, the price just keeps going downwards as soon as I cut the loss, went almost like 10 pips drop in a second so If I was holding the position<span class=\"s1\">,<\/span> I was getting like $1<span class=\"s1\">,<\/span>000 loss. So I have to say it was a right loss cut.<\/p>\n<p class=\"p1\">So<span class=\"s1\">,<\/span> whenever you see the chart real time<span class=\"s1\">,<\/span> especially in this kind of 5min or 1min chart<span class=\"s1\">,<\/span> if you look at the smaller time frame and look for the chance to place orders or cut loss<span class=\"s1\">,<\/span> take profit<span class=\"s1\">,<\/span> one thing you can look at is the tick movement.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-593\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/23-1024x575.png\" alt=\"\" width=\"728\" height=\"409\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/23-1024x575.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/23-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/23-768x431.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/23-728x409.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">I call this <strong>the heart beat of the market<\/strong>. The price was just hitting the ground downwards many times before it breaks downwards. If you watch the chart real time and if you try to get the timing<span class=\"s1\">,<\/span> you can listen to the heart beat of the price action in lower time frame so that you know which direction the market wants to move in a short term. Sometimes I listen to the heartbeat during some economic news<span class=\"s1\">,<\/span> like employment change or FOMC<span class=\"s1\">,<\/span> like when those big news happens<span class=\"s1\">,<\/span> you can see the price move actively and you can really feel the heartbeat of the market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-594\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/24-1024x574.png\" alt=\"\" width=\"728\" height=\"408\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/24-1024x574.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/24-300x168.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/24-768x430.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/24-728x408.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">After a while, the price is even further down. Glad that I cut the position already. Like I said on my previous video<span class=\"s1\">,<\/span> I believe surviving from the market is more important than winning. Survive first<span class=\"s1\">,<\/span> then you can talk about winning. If you cannot survive<span class=\"s1\">,<\/span> and if you lose your bullets<span class=\"s1\">,<\/span> you cannot keep fighting. So<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s always better to end the game with at least break even because there are chances everyday.<\/p>\n<p class=\"p1\">Alright<span class=\"s1\">,<\/span> that will be it for today<span class=\"s1\">\u2019<\/span>s video. I<span class=\"s1\">\u2019<\/span>m going out to take my dog for a walk now. And after that<span class=\"s1\">,<\/span> I will record another <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/youtu.be\/cWV976bvTfk\">LIVE video on USDCAD and GBPJPY<\/a><\/strong><\/span> because I am making profits on those currency pairs now. I will put the link on below so please check it out<span class=\"s1\">,<\/span> too.<\/p>\n<p class=\"p1\">Cheers<span class=\"s1\">,<\/span><\/p>\n<p>Kei<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a live trade on EURGBP on 12\/06\/2019. I placed two buy positions and ended up with break even (little profit) and soon after closing the position, the price went straight down. Loss cut technique is very important because that&#8217;s the way to secure your account. And if you can survive from the market, there&#8217;s always a next chance. But if you die, that&#8217;s the end of the game. Watch Video EURGBP Daily chart on 12\/06\/2019 This trading is recorded\u00a0on the 12th of June, 2019. This chart is the Daily chart of EURGBP I am thinking to trade this currency pair because as you can see, it\u2019s been a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":573,"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":[37,38,1],"tags":[3,8,9,11,22,23,29,52,85],"class_list":["post-572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mental-techniques","category-chart-reading-techniques","category-youtube-videos","tag-forex","tag-trading","tag-livetrading","tag-pickup","tag-constantwinningtrader","tag-candlesticks","tag-trade","tag-mental","tag-eurgbp"],"_links":{"self":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/572","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=572"}],"version-history":[{"count":2,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/572\/revisions"}],"predecessor-version":[{"id":596,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/572\/revisions\/596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/media\/573"}],"wp:attachment":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}