Well I certainly hope it's helping others who are involved in this market. Because what I'm showing here following price bars and retracements, looking for key levels of price, previous support resistance levels, whole price numbers basically ...

"Katana Trading Strategy"

GU chart, some levels where price reacted. xx25 and the xx50 levels. Momentum of price is to the upside at this point. When market trends that when you make money.

"Katana Trading Strategy"

You are totally correct Vantage, as long as you have something to define the direction of the trade, it really matters little which way you do decide to define trend, since all indicators use price data to determine such things, they are all ...

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Sorry dan, If you look at the chart, you can see the bars which are printing blue, those are the bars used to indicate the pull back against the direction of the move. In an up move they will print brown and in a down move they're printing blue. The ...

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Price stopped at a 50% retracement of recent move. This is a good sign of a trend.

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Probable resistance in this region, that will just about do it.

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Just keep moving the stop up each time price breaks past those price levels in the market. In this way capturing a trend like this is possible. Once price reaches close to it's Average Daily Range that is a good time to exit your trade.

"Katana Trading Strategy"

Pound long trade

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It's days like today when trending markets make you money...

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EU looks set for continuation move here.

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Are you paying attention Richard from Colorado?

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When the market trends, that's when trading becomes easy...

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GU long trade. Moving stops up as prices move up and moving TP levels up as prices move up, based on swing points.

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Yes, the point being a good trader, or experienced trader or someone who knows how price moves with respect to levels in the market, support and resistance.

"Katana Trading Strategy"

There was a pull back signal, however there was no trend continuation signal based on the stochastic indicator. Market ranging still, and no trade based on strategy.

"Katana Trading Strategy"

As a matter of interest, GU on the daily chart is showing a farily significant 1.2.3 pattern. Bulls are about on that one.

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Can you not see the price on the chart? Trading EU primary chart.

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A bearish bar at this level, and I will be shorting, presuming this bar closes below the moving averages.

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Good trading my friend, can clearly see the 1.2.3 pattern evident on the chart.

"Katana Trading Strategy"

Last couple of trading days have been difficult to trade, even for discretionary trading, this time of year it's expected.

"Katana Trading Strategy"