That's it mate, you've got the right idea.

"Katana Trading Strategy"

Observe how price has responded to this xx75 level first as support then as resistance. One of the things to identify on a chart when looking for possible entries for a trade.

"Katana Trading Strategy"

EU retracing back up above moving averages, and showing some signs of a possible ranging market coming up this session. Need a close below the moving averages and some red bars on the histogram. Otherwise no trading.

"Katana Trading Strategy"

GU could well be going short... all pointing towards a good short this session.. Above xx75 not likely to be going short though..

"Katana Trading Strategy"

Looking at EU from the overnight session for me, there was one trade which could of been taken after a pull back against the trend was identified using the stochastic, previous intraday resistance combined with the xx50 level, once price signalled ...

"Katana Trading Strategy"

Moving averages and stochastics....

"Katana Trading Strategy"

As you can see, it is indeed possible to make money in this market.

"Katana Trading Strategy"

Yes indeed, notice how price bounces around the xx25 xx50 xx75 xx00 levels and moves between them frequently. Trending markets are easy, staying out of the market when it's not trendy that's the difficult bit. As you can see many opportunities to ...

"Katana Trading Strategy"

There was a couple of chances to trade on GU according to the strategy. Trading on days like these is when you make money...

"Katana Trading Strategy"

Decided to close the other half of the trade, some resistance around these levels on the higher time frames.

"Katana Trading Strategy"

Ok moved stops up again, but this time I've scaled out of the position by half. This wave up could be almost exhausted

"Katana Trading Strategy"

Moved stop up beneath the xx25 level under that bullish candle.

"Katana Trading Strategy"

If all goes well 1.3180 could be reached this session.

"Katana Trading Strategy"

Difficult to stop price momentum like this... went long as soon as the first bullish bar formed bouncing off of the xx00 level.

"Katana Trading Strategy"

Not surprised i got stopped out.

"Katana Trading Strategy"

This is one method you can use to calculate where price could potentially move to, extend the length of AB and then extend this length from perceived swing low CD, and this will give possible TP region. AB - CD move is quite common. Just another ...

"Katana Trading Strategy"

Possible H/L formation after the close of that bar, not confirmed as H/L until a fresh daily high is made. Still bullish though. Moving stop up under that bar is not a bad idea.

"Katana Trading Strategy"

Price responding to that xx25 level, faily typical, seems a pull back agian is likely. Low probability entry trading right into resistance, combined with xx25 price levels. That's trading though and nothing is certain, all I know is that prices tend ...

"Katana Trading Strategy"

Cannot hope for too much of a move in asian session... however bulls are about.. TP 20 Pips and SL 15 Pips. Trading is full of uncertainty, but it doesn't matter, you don't need to be certain, you just need to be following the direction of the trend ...

"Katana Trading Strategy"

Price certainly did contine after finding support at that 50% retracement level. Combined with previoius intraday support level. All in hindsight though right.

"Katana Trading Strategy"