audcad — I got stopped out of this trade yesterday because of the news. I re-entered today. Even tho the market was consolidating it still respect the TL. Chart attached.

A,B,C,D - 1,2,3,4 System

First you have to know the correct way to draw TLs, that is connect higher lows for uptrend and connect lower highs for downtrend. Look at the chart below. First thing we saw is that the market breaks the up TL, it then retrace test the up TL forms ...

A,B,C,D - 1,2,3,4 System

Please post about the system or trading. Both post above is irrelevant to trading. Send a PM.

A,B,C,D - 1,2,3,4 System

The backside of that down TL is now support. It seems we have different 4H bars because my chart is not showing an engulfing bullish candle. Without that bounce off the back side off the down TL, you should wait for the market to create a higher ...

A,B,C,D - 1,2,3,4 System

I didnt get a clear entry so I didnt enter. 4H and 1H was blurry.

A,B,C,D - 1,2,3,4 System

Hey NaijFX did you saw this?

A,B,C,D - 1,2,3,4 System

Thats one of the pairs i'm watching. I'm looking for a pullback from the TL(reversal candle formation). Its now at a 78.6 and a 38.2. There was a valid entry on the 1H(engulfing bearish candle at the TL). Also the 1H is showing consolidation so ...

A,B,C,D - 1,2,3,4 System

Theres no analysis really, just insert TLs, follow the system and we'll be looking at the same thing. Then trade what you see. 4H charts. "show me where the markets been and I'll show you where its going"

A,B,C,D - 1,2,3,4 System

eurusd, usdcad and audcad. 4H

A,B,C,D - 1,2,3,4 System

Look again they are not similar. The nzdusd creates a higher high retrace, then bounce off the TL. The cadjpy makes a higher high retrace but breaks the TL, thats two different scenarios. If the cadjpy had form a reversal candle formation on top of ...

A,B,C,D - 1,2,3,4 System

I rather trade from the 4H, If I miss a trade on the 4H I then look on the 1H for a possible entry. Check the 4H on that nzdusd trade you took this morning. An engulfing bullish formation was the signal from the 4H on my chart.

A,B,C,D - 1,2,3,4 System

No specific currency. Just saying spotting reversal candle formations at Fib. levels can be a plus.

Powerful Fib Based System - by DAZfx

On the cadjpy 1H the down TL has been broken, creating a small uptrend, also that new up TL has also been broken, whats happening now is that the back side of the down TL now becomes support. Similar for the 4H. On the 4H it retraces, forms that ...

A,B,C,D - 1,2,3,4 System

You guys can also look for reversal candle formations at these levels, such as morning and evening stars, tweezer tops and bottoms and engulfing candles.

Powerful Fib Based System - by DAZfx

I'm short on cadjpy two weeks now, thats base on a weekly system I trade. So my bias is short. But let me check the charts and see whats happening.

A,B,C,D - 1,2,3,4 System

I use a R/R 1:1.5 or greater. Once my trade reaches 10-15 pips within my set target I close 60% of the trade, move SL to break even, setting profit higher, leaving the other 40% to run. I also use trailing stops at times. I use fib extensions or 100 ...

A,B,C,D - 1,2,3,4 System

Tend Lines — Nice thread. I'm not seeing the trend lines on these charts. They will do well with this system. You guys can try drawing TLs on 4H then switch to 1H for entries or enter trades on 4H.

Powerful Fib Based System - by DAZfx

NZDUSD — As you'll see my entry was one candle/1H late. The entry should be where the arrow is thats after the completion of the morning star.

A,B,C,D - 1,2,3,4 System

Wow, I'm in this trade as well. This is a nice setup, notice also that the down TL has been tested, market rejects it and bounce. That bounce is also a C-Convergence (fib 38.2 and 61.8 coincide) Glad that you are following. I prefer placing trades ...

A,B,C,D - 1,2,3,4 System

Over a year, using it to place live trades over a year also.

A,B,C,D - 1,2,3,4 System