Well EU finally broke through 1.38. Boy did I read that wrong. H1 strenghened on NYO. Should have looked at D1

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Bad luck mate. Better luck tomorrow. One of those days, got a feeling it will take off later (london close) or later on, or not at all!

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There hasn't been a candle on EU H1 that I would go long on today. Well there was one, but that was a signal candle. Also I think Eu sentiment is changing. PA is trying to go higher, but TDI is drifting (slightly) the other way. Or maybe we are just ...

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Tell me about it! Maybe a ST shorting opportunity if PA works out?

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Agreed. Kudos to Zoopots. I thought at first it was a risky short given the LTF uptrend and scratty looking candles on the STF charts, but it bounced and got some decent money behind it now,

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Big Round Number 1.38 I think. Really need a clean break above 1.38 to go long, or its just another stop run. Smart money is taking retail to the cleaners at that level. Look at the false breaks. It will keep trying and then "what goes up, must come ...

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Potential GJ Master Candle consolidation/break out setup on H1? Bias to the downside

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This should be interesting.

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Probably just taking out stops above Asian channel high. Can't rule out a stop run against BRN 1.38 though I'd have thought. Think Zoopots was saying stop hunt area, 25-50 pips above/below high/low of Tokyo channel. I think Forex is a bit like ...

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I have too. Its remarkably easy to do.

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What kind of stop do you have on the Daily hugecat. Above the swing high, above the PAC, or below the previous candle?

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Reading through the thread I see there have been various techniques tried, for example GUPPY lines etc. These things come and go like fashions but it seems the basic core of TDI/APB + PAC or 5 EMA +2 remains as solid as ever.

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Thanks for your interesting posts Pippo, but what can Keltner bands give you that PAC can't? Once properly set, seem to do the same thing.

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Thanks Big EMM

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I just knew AU had to take out the stops around BRN 0.93

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Sure, but TMS is based on a stripped down Synergy based strategy with 5 EMA or PAC and there are free versions of the tools.

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Dean Malone compares Keltner and linear regression channels with the Price Action Channel (PAC) here url

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Yes the second candle, but its easy to say that now! Its only ever on the balance of probabilities.

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Was bit surprised you shorting AU given it was above the PAC on the Daily and the Weekly. Though there was a H1 countertrend short trade on the AU earlier this morning. Did you get in too late for that?

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This would be my idea of a bounce trade AS. Also green over red, over yellow (with the yellow pointing up) making it a higher probability trade (hopefully!). Also TDI is moving above the 50 line (pink).

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