Here's the 4hr chart with the fib tool. I'm also preparing myself for a test of the 1200 BRN, which lines up with the 50% retrace of the last bull run.

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On the daily chart you'll see price broke a trendline. Usually the markets reaction will be a re-test and a retrace of the breakout, before trending to find a new location to rest (consolidate).

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You're welcome Mordin. I did short Gold, and have taken profit already. Maybe I didn't mention it. I missed all the Eur moves as well , but there's always other good setups popping up. Here's my bigger Gold picture. Price is currently in a falling ...

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Gold Waiting for price to test 1207 - 1210 area to go long.

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GbpNzd Finally this pair decided to move. Gap 2 almost fully closed. Some support in the way of Gap 1 closing.

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Yup, NZD pairs messing with my head ...

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Hi Rex, When I started I traded cable (GbpUsd) exclusively for about 9 months. I eventually got a feel for that pair, so I would automatically know when a setup wasn't going to work. I traded all PA setups and formations. Currently, it doesn't ...

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closed oil short for+70. GJ still deciding which way it wants to go.Well, it better go south quick GN also playing games. It has 2 gaps to close. Things are taking a bit too long to happen

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Entered short from the 61.8% retrace of the 4hr pin.

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GbpJpy

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Great going John

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Hi turnip15, I trade all timeframes, including the 1 minute. It just depends on which one the setup appears and whether the other supporting factors are there. I don't make a habit of trading on the lower timeframes. Usually just for entries. ...

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Sweet Crude Oil This pin bar looks very nice

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Hi fxin, unfortunately I wasn't at my PC when the retrace happened. Did you catch it? I'm shorting from the current 4hr BeOB.

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Hi Red, The best way comes down to personal preference. I prefer to enter after a retrace. This is much more riskier than waiting for confirmation of the setup, but the SL is much less. You could enter on the lower timeframe to minimize your risk ...

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I don't have a BeOB on my chart. But price is currently below a resistance area with some confluence with the daily pivot, 61.8% fibo and EMA365. A price flip zone too that extends further to the left (not showing on the chart). I'm looking to short ...

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You're welcome fxin.

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My pleasure GB. Easier said than done . I still have issues with this. But this is what Jim means when he talks about "rifle shots" .... being a "sniper". You wait for the perfect moment before pulling the trigger. You only need one shot to ...

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GbpNzd Here's the daily chart again with the yellow and blue lines.

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GbpNzd Here's the bigger picture on the weekly chart. The yellow and blue lines are showing the resistance area/zone, with a fibo in the mix. Price pierced through the zone, but eventually closed below the blue area. The last 2 bars also failed to ...

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