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Koryphaeen Veröffentlicht 12 Apr. in #Trader's blog

Hello traders,
I can really say that I had a hard time these months, learning for my CFTe level I exam, so I couldn't trade as much as I wanted to but, interestingly, with much higher efficiency. I managed to make roughly 40% on my live account in the last 1,5 month, which for me is extraordinary. But, as I mentioned, I'm back in business and ready to roll in the contest as well.
For starting, I took the following trade for today on my contest account (and my live account as well) which made me …

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First trade - first blog post

Koryphaeen Veröffentlicht 16 Feb. in #Trader's blog

Hi traders, I know that these points are necessary, but I really did not had the time to post here. But I will now, and I am presenting the trade I took, with a tremendous 15.5:1 R/R ratio. Awesome!!! I took it on my live account as well and am now in BE, that means a risk free trade. Isn't it nice? Look at the chart below, you will find it very useful:

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Importance of the extra point one can gain

Koryphaeen Veröffentlicht 31 Jan. in #Trader's blog

Hi traders, I would like to show you today the importance of the extra points one can gain in this contest, highlighting it on my own skin. As you all know, I am in this moment on the 19th place with 197 points and 321.700 USD equity. But! What I really neglected in this month were the extra points gaining possibilities. So, I conducted 11 trades in this month, all with quality orders but one, where I entered short on market. Why I did it? I don't know...I could made it easily in a quality manne…

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Scalping - neee

Koryphaeen Veröffentlicht 29 Jan. in #Trader's blog

It's official by now, I'm not good in scalping. In my last 3 trades I have tried a scalping strategy, which means that I waited till price action got really volatile and entered the trades with 5 pips TP target... A strategy that must have worked, right? Who thought that once price action is starting to rally in high volatility, it doesn't always reach a minimum of 5 pips in one move without retracing? Well, no, it didn't So I really have worked down my 100% success rate gained in the previous…

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An aggressive trade entry

Koryphaeen Veröffentlicht 27 Jan. in #Trader's blog

Hi traders, today I would like to share an idea of mine regarding harmonic patterns. On the USDCHF pair there is a potential Gartley pattern unfolding. I must say that I only trade harmonic pattern when they are backed by Elliott wave counting. And this is such a situation. There was an impulsive move, the wave 1 of a 5 wave motive move, the XA leg, which is now followed by wave 2, a so called ZigZag corrective structure, which, in my opinion, will be the AB=CD pattern that forms usually the Gar…

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Channeling

Koryphaeen Veröffentlicht 25 Jan. in #Trader's blog

I would like to present a trade I took today on my live account. It is all about using a channel to trade between support and resistance boundary. In the moment that price action is testing either the upper boundary (resistance line) or the bottom one (support line) we can enter short or long. In my experience, in consolidation formations, like the one I presented in the following chart, there is more then 50% chance for a rebound from either of the two lines. And this 50%, combined with a R/R r…

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Breakout trading

Koryphaeen Veröffentlicht 25 Jan. in #Trader's blog

Since I started to trade breakouts from consolidation formations, my trading results have changed drastically. My profits are growing, since the enhanced R/R ratio which comes along with this type of trading. After a consolidation period there is a 100% probability, a certainty, that price action will eventually break this formation and go away in a hurry. the question is: in which direction? We don't know for sure, unless we wait for a decent break of the trendline of the consolidation. We ca…

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A "golden" opportunity

Koryphaeen Veröffentlicht 22 Jan. in #Trader's blog

I really would like to return to my previous good habit of publishing valuable articles here on trader's blog instead of non-value nonsense, just to gain the needed daily point. So, in this sense, I am giving a hint, a trade idea, regarding gold, which can be taken on real or demo accounts (since contest account does not include it).
After forming a rounding bottom (see the 4hr chart) price action has risen and is now breaking out from a corrective structure. It is now time to enter long or to a…

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Trading day

Koryphaeen Veröffentlicht 20 Jan. in #Trader's blog

Hello traders, here i share with you a trade I've taken today (I really focused my attention to the GBP pairs GBPAUD and GBPNZD only) on my live account, which is a good lesson how NOT to place stops. It was triggered by only 1 pip, which is quite rare an VERY ANNOYING, but that's life! Especially trader's life By the way, on my contest account, this trade is doing just fine...it seems that with real money the emotions are still playing with me...

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GBPAUD trade I took in contest

Koryphaeen Veröffentlicht 15 Jan. in #Trader's blog

Hello traders, I would like to share a thought with you about a pair, GBPAUD, which I took trades on in this january contest session. The first trade was a short when price action hit the daily down trend line and I made around 100% on it based on my account balance, so we can say it was a very good trade. The last trade I wanted to take is the following (I am not posting much explanations to it because I presume everybody in this contest has the knowledge to decipher the meaning of the setup). …

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Koryphaeen's Blog

Back in business

First trade - first blog post

Importance of the extra point one can gain

Scalping - neee

An aggressive trade entry

Channeling

Breakout trading

A "golden" opportunity

Trading day

GBPAUD trade I took in contest