Price Action

USD/CHF breakout from a falling wedge on 4H. Confirmed with a strong bullish engulfing. Entry at 0.9065, SL at 0.9020, target at 0.9160. The SNB (Swiss National Bank) has been more dovish recently which could weaken CHF further.

My trade checklist before every entry: 1) HTF trend direction ✓ 2) At a key level ✓ 3) Entry pattern formed ✓ 4) R:R minimum 1:2 ✓ 5) Not within 30 mins of a news event ✓. If any box is unchecked, I skip the trade. Saved me from many bad entries.

The TBS (Turtle Body Soup) setup explained simply: 1) Find a swept HTF level (C2 manipulation candle) 2) Drop to 5M 3) Look for a 5M candle whose BODY closes beyond the swept level 4) Enter at the close of that candle 5) SL above the wick. Clean and mechanical.

Fibonacci + order block confluence: When a Fib retracement level (38.2%, 50%, or 61.8%) aligns with an unmitigated order block, the probability of reaction increases significantly. I only take setups where at least 2 factors align at the same price.

Trade review: GBP/USD long from 1.2680 — hit target at 1.2780 for +100 pips. Entry was a clean pin bar at 4H demand zone. SL was 1.2630, never came close. R:R was 1:2. This is the setup I wait for — patience is the skill.

Quick tip for new traders: Mark the previous day's High, Low, and Close on your chart every morning before you start. These three levels act as magnet for price throughout the day. Many intraday reversals and breakouts happen right at these levels.

Crude oil (WTI) is sitting right at the 200-day EMA after a 12% pullback from the highs. OPEC production cuts are still in place. This is a potential buy zone for swing traders. My level is $77.50 with SL below $74. Target $85 over the next 4-6 weeks.

USD/JPY CRT setup playing out beautifully. C1 range formed during the Tokyo session, C2 swept the London lows, and C3 is distributing northward into the NY session high. Already +85 pips from the 5M TBS entry at 151.20. Trail SL to breakeven.

Gold (XAU/USD) — beautiful demand zone reaction at $2,290. The weekly chart shows a clear higher low forming. I entered at $2,292 with SL at $2,278 targeting $2,340. This aligns with the monthly uptrend that has been intact since late 2023.

EUR/USD has been consolidating in a tight range between 1.0820-1.0880 for the past week. Watching for a breakout above 1.0880 with strong momentum. My bias is bullish — London session open is the key moment to watch today. Risk is a close back below the 1.0820 support.

I want to test my strategy historically before trading live. How do price action traders backtest without code?

I have been hearing about CRT trading strategy. Can someone explain the basic concept?

Price action traders seem to place stops at specific levels. What is the logic behind stop placement?

I have been studying inside bar setups. When do inside bars give the most reliable signals?