EURJPY 4 hr with SR and entries

Is strictly trading support and resistance profitable?

my SR zones would be here: works well in trends in ranges have to use a diff approach hope this helps and good luck

Is strictly trading support and resistance profitable?

works on all time frames: usdjpy 5min, of course sometimes price will fail to reach or overshoot these levels but thats fx

Is strictly trading support and resistance profitable?

Idealised:

Is strictly trading support and resistance profitable?

Of course S/R trading works just so long as you put your zones in the right place: EURUSD 4Hr just think breakout/ backtest as price often break out to a level and then that level is retested limit order trades work best

Is strictly trading support and resistance profitable?

Its in a trading range, so buy low sell high and stay out of the middle. Markets tend to go from a spike to a channel (trend) to a trading range, then to a breakout of the trading range then a channel and back too a trading range We are in a trading ...

Ratios & Harmonics: a Different Way to Trade

I'd reconsider that fork if I was you its a channel

Ratios & Harmonics: a Different Way to Trade

Out flat on last long now short. I'm looking for evidence of a possible retracement after the 1;1 completion, channel break double top and bear wedge in a bull channel(is that retail?)wont be protecting this, away now good luck all

Ratios & Harmonics: a Different Way to Trade

I have too protect we are at 1:1 completion of the larger move visible on the 1H, also above channel so price may have gone too far

Ratios & Harmonics: a Different Way to Trade

Anyone trading usdjpy? PA is excellent Edit sorry try not too confuse the the H1 in the middle of chart means High1 not 1 hour this is a standard 5 min chart

Ratios & Harmonics: a Different Way to Trade

Target hit using precisely your method Mr Pip(I think) Done for the day good luck all

Ratios & Harmonics: a Different Way to Trade

Would you consider a short here a reasonable trade based on your rules Mr Pip? its in the PRZ of the last down leg and after a failed breakout we often get a 2 legged retracement

Ratios & Harmonics: a Different Way to Trade

Dont worry Mr Pip I've read assimilated and incorporated everything you've taught so far and that fits in with my style all very useful and for which I'm most grateful but certain patterns have a high probability of success: the last long I scalped ...

Ratios & Harmonics: a Different Way to Trade

eurusd going higher

Ratios & Harmonics: a Different Way to Trade

2 leg pullbacks are harmonic

Ratios & Harmonics: a Different Way to Trade

and long: nice confluence of factors

Ratios & Harmonics: a Different Way to Trade

very nice swing trade after difficult morn Discovered recent volatility was defence of DXY at crucial support http://www.zerohedge.com/news/2017-01-23/dollar-index-crucial-level

Ratios & Harmonics: a Different Way to Trade

again

Ratios & Harmonics: a Different Way to Trade

took a 2 pip loss on last trade but picture now clearer. Long:

Ratios & Harmonics: a Different Way to Trade

Re-entered short. I think my stop to entry was a reasonable response to the the PA at the potential PRZ of the last up-leg as my primary goal is not to lose money I would have entered much higher but a phone call took me away from the screen

Ratios & Harmonics: a Different Way to Trade