GU did give a signal for a continuation, however price was below the moving averages at the time of the signal, making it a non signal. When the market does in fact trend sideways like EU did do today, having a strategy to keep you out of the market ...

"Katana Trading Strategy"

Yes you are right, I will have to get back to you on this one. Right now it's bed time.

"Katana Trading Strategy"

Not alot happening on EU at the moment... no trades for tdoay, I'll check the chart in the morning to see if there were any trades for the rest of the day....

"Katana Trading Strategy"

GU is showing some decent movement on the chart, I will keep an eye on this one for a possible retracement... There was a continuation signal on this chart however price retraced past the moving averages making it a non signal.

"Katana Trading Strategy"

No trade on that retracement.. as there is no continuation signal. Sideways trending market and still no trade signal... system is doing what it is supposed to do..

"Katana Trading Strategy"

If this next bar closes down it will be a short signal... if closes above these moving averages then no short trade...

"Katana Trading Strategy"

Well the retracement has happened, jsut waiting to see if can get a continuation signal here...

"Katana Trading Strategy"

Starting to show signs of a trend now... so next step is to wait for a retracement...

"Katana Trading Strategy"

Trending sideways and no trade signals....

"Katana Trading Strategy"

Price back to the xx00 levels... no trend in place at the moment, so just observing price action as it bounces around between levels. Typically if price closes below the xx00 level it more than likely means that the orders waiting to buy at that ...

"Katana Trading Strategy"

Trend filter has not started yet. Notice how prices broke out of that asian congestion bound by the xx00 level. The next level in the market that affected price was the xx25 level, at which point price retraced back to the xx00 level and price found ...

"Katana Trading Strategy"

Trend filter is not in alignment... no trading at this stage...

"Katana Trading Strategy"

Just trending sideways for the moment, price being held by the xx00 and xx75 levels at this stage... Sideways markets can certainly be traded provided you do not hold outside of the range, but I'm not trading ranges.

"Katana Trading Strategy"

Observe how price bounces around between the levels in the market. Congestion levels, and price moving from one level to the next is how the market moves. Patience is required whilst waiting for the right set up. No need to try to predict which way ...

"Katana Trading Strategy"

Price barely moves in asian session, so it's best to avoid it and just wait for the european session to start. EU has the best spreads so that's what I like to trade.

"Katana Trading Strategy"

Certainly time to do nothing right now... need to wait for confirmation of some direction.

"Katana Trading Strategy"

This is the pull back signals that I was waiting for, as you can see enough room for price to reach next price levels in the market and take profits. Some of us have to sleep so unfortunately could not trade this one live.

"Katana Trading Strategy"

Still shaping up for something... nothing yet...

"Katana Trading Strategy"

Starting to get some movement now... price in trend mode until something lets me know it's not... looking for sufficient retracements and then some continuation signals.

"Katana Trading Strategy"

Highlighted areas on the chart to show how price reacts to price levels. Which is the reason why these areas are used as Take Profit regions. Still nothing to indicate a retracement has occured.

"Katana Trading Strategy"