De Facto Success Blog

 De Facto Success is de facto a good blog site about trading and life hack strategies to be successful.

10.05.2018 - USDCAD D1 - Trading With Price Action - Railroad tracks formation

Pair: USDCAD D1 (5 candle - New York close)

Entry: trend trading with railroad tracks formation - sell limit order

Entry: 1.2859 or 1.2910

Exit: 1.2560

SL: 1.3010

R/R: 1:2 or 1:4

USDCAD - Trading with price action - Railroad tracks formation

USDCAD moved higher two days ago and broke key level at 1.2966. In the D1 USDCAD chart below, we can see a bearish railroad tracks formation that formed after yesterday's candle close at 1.2854. According to my strategy-method-algorithm, I set a pending sell limit order at directly, right on the close of the 2nd (bearish) candle of this railroad tracks' formation. There is another opportunity (2nd chance) to go short at 50% retracement of this railroad tracks formation length at 1.2910. If you would like to see how I pick my entries in the market, check this article

7 Secret Rules To Pick The Best Entry Trading Forex

I see the potential for downside movement into 1.2570 - 1.2540 area. As always, trade at your own risk.

10.05.2018 - USDCAD  D1 - Trading With Price Action - Railroad tracks

09.05.2018 - Crude Oil - WTI D1 - Trading With Price Action

WTI D1

Entry: trend trading with pin bar - buy limit order

Entry: 68.96

Exit: 72.66

SL: 67.11

R/R: 1:2

Crude Oil - Trading with price action

Crude Oil - WTI moved higher last week and broke key level at 69.50. In the D1 WTI chart below, we can see a bullish pin bar buy signal that formed after breakout yesterday. According to my strategy-method-algorithm, I set a pending buy limit order at 50% retracement of this pin bar's length at $68.96. If you would like to see how I pick my entries in the market, check this article

7 Secret Rules To Pick The Best Entry Trading Forex

I see the potential for upside movement into $72.50 - $73.00 area. As always, trade at your own risk.

WTI D1 - Trading With Price Action

Books That Inspired Me The Most

09.02.2018 - GBPUSD D1 - Trading With Price Action

Pair: GBPUSD (5 candle - New York close)

Entry: trend trading with pin bar - sell limit order

Entry: 1.3963

Exit: 1.3683

In the D1 GBPUSD chart below, we can see a bearish (fakey) pin bar sell signal that formed after an inside bar formation yesterday. I went short at 50% retracement of this pin bar's length. I see the potential for downside movement into 1.3660 - 1.3730 area. As always, trade at your own risk.

If you would like to see how I pick my entries in the market, check this article

7 Secret Rules To Pick The Best Entry Trading Forex

09.02.2018 - GBPUSD D1 - Trading With Price Action

7 Secret Rules To Pick The Best Entry Trading Forex

Trading is easy but people make it hard. If you want to succeed as a trader over the long-run you need a clear entry method with easy-to-apply set of rules. In this article, I am going to share with you a powerful trading toolkit condensed into seven secret tricks how I pick my entries trading the forex market.

Books That Inspired Me The Most

1. Be patient - wait for the pullback

Draw the most obvious key levels on D1 timeframe.



After a trend wait for the pullback (see the picture below).

2. Wait for a Price Action (PA) signal

I ideally wait for a pinbar reversal, railroad tracks or fakey pin bar combo. In this case, we got a pinbar reversal. If you want to learn more about price action signal then read this article.

 

3. Determine your stop loss level (SL)

There are many methods of stop loss placements. I prefer setting SL above the PA signal high + 5-10pips. (see the chart below)

4. Determine your exit level (TP) 

I want to get out of the trade at the nearest key level so my exit level will be above this key support level.

5. Calculate your pending order limit level (Entry)

The best way to find the entry price is to use the altered Fibonacci tool.
I drag the Fibo start & end points while the Fibo-stop-loss overlap the predefined stop loss level @1.08411 and the Fibo-2x profit overlap the predefined exit level @1.06756. After these steps the Fibo tool will show you the Entry price @1.07859

6. Calculate your position size based on your trading plan

Entry - Stop Loss = 55pips
$ amount of risk = $100 (put here your risk amount in $)
Position size calculation: $100/55pips/10 = 0.18lot

7. Set your pending order (with SL & TP) - Set and forget 

Pending sell limit order has been reached next day.
TP level has been reached after 3 days.
Reward/Risk = ½
PROFIT = $200

Books That Inspired Me The Most

31.01.2017 - CADCHF D1 - Trading With Price Action

Pair: CADCHF (5 candle - New York close)

Entry: trend trading with pin bar - sell limit order

Exit: 0.75284

In the D1 CADCHF chart below, we can see a bearish pin bar sell signal that formed at long-term key level yesterday. I went short at 50% retracement of this pin bar's length. I see the potential for downside movement into 0.7535 - 0.7525 area. As always, trade at your own risk.

31.01.2017 - CADCHF D1 - Trading With Price Action

27.01.2017 - USDSGD W1 - Trading With Price Action

Pair: USDSGD W1 (5 candle - New York close)

Entry: trend trading with pin bar - pending buy limit order

Exit: 1.4364

In the W1 USDSGD chart below, we can see a bullish pin bar buy signal that formed at long-term key level last week. I am looking to get long at any retracement of this pin bar's length. I see the potential for upside movement into 1.4350 - 1.4370 area. As always, trade at your own risk.

23.01.2017 - USDCAD D1 - Trading With Price Action

Pair: USDCAD D1 (5 candle - New York close)

Entry: trend trading with pin bar - pending sell limit order

Exit: 1.31844

In the D1 USDCAD chart below,  we can see a bearish pin bar sell signal that formed at short-term key level yesterday. I am looking to get short at any retracement of this pin bar's length. I see the potential for downside movement into 1.3190 - 1.3180 area. As always, trade at your own risk.

23.01.2017 - USDCAD D1 - Trading With Price Action

16.01.2017 - NZDCHF H4 - Trading With Price Action

Pair: NZDCHF H4 (5 candle - New York close)

Entry: counter-trend trading with pin bar - pending sell limit order

Exit: 0.7140

In the H4 NZDCHF chart below,  we can see a bearish pin bar sell signal that formed at short-term key level today. I am looking to get short at 50% retracement of this pin bar's length. I see the potential for downside (counter-trend) movement into 0.7135 - 0.7145 area. As always, trade at your own risk.

16.01.2017 - NZDCHF H4 - Trading With Price Action

12.01.2017 - GBPCAD D1 - Trading With Price Action

Pair: GBPCAD D1 (5 candle - New York close)

Entry: counter-trend trading with pin bar

Exit: 1.6350 - 1.6400

Over the last two weeks, GBPCAD has bounced up after running into a key long-term support level at 1.6000. 

We can see a daily bullish pin bar buy signal that formed at that key level yesterday. Even though this is not an ideal pin bar, I am looking to get long at 50% retracement of this pin bar's length. I see the potential for upside (counter-trend) movement into 1.6350 - 1.6400 area. As always, trade at your own risk.

12.01.2017 - Trade: GBPCAD D1 - Trading With Price Action

04.01.2017 - Trade: WTI Crude Oil D1 - Trading With Price Action

Pair: WTI Crude Oil Timeframe: D1 (5 candle - New York close)

Indicators: none

Trend: bullish

Entry:  pullback to a significant level

Exit: W1 key level

04.01.2017 - Trade: WTI Crude Oil D1 - Trading With Price Action

28.12.2016 - Trade: AUDJPY W1 - Trading With Price Action

Pair: AUDJPY

Timeframe: W1-D1 (5 candle - New York close)

Indicators: none

Trend: bearish

Entry:  pin bar + confirmation candle

Exit: key level

Trade: AUDJPY W1 -  Trading With Price Action

14.12.2016 - Trade: EURUSD H1 - Trading With Price Action

Pair: EURUSD

Timeframe: H1 - D1 (5 candle - New York close)

Indicators: none

Trend: bearish

Entry:  sell limits on predefined levels

Exit: key level

Trade: EURUSD H1 -  Trading With Price Action

07.12.2016 - Trade: USDCAD D1 - Trading With Price Action

Pair: USDCAD

Timeframe: D1 (5 candle - New York close)

Indicators:

Trend: bear

Entry:  sell @1.3283

Exit: key level

Watching: USDCAD D1 -  Trading With Price Action

26.07.2016 - Watching: XAUUSD D1 - Trading With Price Action

Pair: XAUUSD

Timeframe: D1 (5 candle - New York close)

Indicators: 8 EMA, 21 EMA, 50SMA, Stoch (10,3,3; Close ,Close, simple)

Trend: bull

Entry:  waiting for retracement @1300.00

Exit: key levels

R/R: (1:2 minimum), 1:4

Watching: XAUUSD D1 -  Trading With Price Action

11.07.2016 - Trade: GBPUSD D1 Inside Bar + Pin Bar - Trading With Price Action

Pair: GBPUSD

Timeframe: D1 (5 candle - New York close)

Indicators: 8 EMA, 21 EMA

Trend: bear

Entry:  inside bar + pin bar , sell stop

Exit: round number (no key level)

R/R: (1:2 minimum), 1:2

Outcome: ??????

Trade: GBPUSD D1 Inside Bar + Pin Bar -  Trading With Price Action

29.06.2016 - Trade: GBPNZD D1 Pin Bar - Trading With Price Action

Pair: GBPNZD

Timeframe: D1 (5 candle - New York close)

Indicators: 8 EMA, 21 EMA, 50SMA, Stoch (10,3,3; Close ,Close, simple)

Trend: bull

Entry:  pin bar , buy limit on 50% retrace

Exit: key levels

R/R: (1:2 minimum), 1:4

Outcome: ??????

Trade: GBPNZD D1 Pin Bar -  Trading With Price Action

17.10.2014 - Trade: EURJPY D1 Pin Bar - Trading With Price Action

Pair: EURJPY

Timeframe: D1 (5 candle - New York close)

Indicators: 8 EMA, 21 EMA

Trend: bull

Entry:  pin bar , buy limit on 50% retrace

Exit: key levels

R/R: (1:2 minimum)

Outcome: ??????

Trade: EURJPY D1 Pin Bar -  Trading With Price Action

10.09.2014 - Trade: USDCAD D1 Pin Bar - Trading With Price Action

Pair: USDCAD

Timeframe: D1 (5 candle - New York close)

Indicators: 8 EMA, 21 EMA

Trend: bear

Entry1: sell limit order on 50% retracement after the close of the pin bar or 

Entry2: sell stop below the low of the pin bar (optional)

Exit: key levels

R/R: (1:2)

Outcome: ??????

Trade: USDCAD D1 Pin Bar  -  Trading With Price Action

30.05.2014 - Report - May 2014 +16.90% - Trading With Price Action

Report in (Risk) units - May 2014:

+16,90%

Won units:  13.77

Lost units:   -5.32
      Total:    8.45

Report  - May 2014  +16.90% - Trading With Price Action