EURUSD 5 Min Countertrend trade at D Its possible to countertrend trade markets at D but its quite risky but is also a tight stop small risk trade its the completion of the Minor AB=CD at the C 76 Fib of major AB leg I'll put stop to BE at earliest ...

How to read a chart and trade properly

EURUSD 5 min I've pulled the trade for -5 The sliding parallels from the bearish daily fork are still influencing price I now dont like what I see and I follow the old adages "close your losers fast and let your winners run" and " your first loss is ...

How to read a chart and trade properly

EURUSD pip perfect rejection of the sliding parallel from the previous low and the 76 Fib. Allows me the confidence to reduce risk and bring the stop up from below A to below C. You would be surprised how many times we get pip perfect touches to ...

How to read a chart and trade properly

Rule no 2 Know when to break rule no 1 Where theres obvious short term support anywhere on the CD leg, allows for a tight stop and good RR has about a 60% success rate but the low pip risk still makes it attractive

How to read a chart and trade properly

EURUSD 5min I'll see this trade out: I entered a little early I have adjusted C and the target D. Incidently I dont normally trade more than one or two markets and I dont usually make so many trades. Usually I will just take what I consider to be ...

How to read a chart and trade properly

EURUSD 5 min I wont be posting any more trades I'm missing trades in other markets doing this but I think you get the picture. good luck

How to read a chart and trade properly

EURUSD 1 hr... maybe

How to read a chart and trade properly

EURUSD 5min AB=CD

How to read a chart and trade properly

Dow 5min hmmm

How to read a chart and trade properly

Dow 1 hr

How to read a chart and trade properly

XAU Daily

How to read a chart and trade properly

Oil 4hr

How to read a chart and trade properly

EURUSD 5min; just to confuse matters

How to read a chart and trade properly

and EURUSD 1 hr Fork Support has become resistance on the sliding parallel helping to validate the fork, makes for a low risk high probability trade with target at D

How to read a chart and trade properly

EURUSD 1 Hr: AB=CD?

How to read a chart and trade properly

EURUSD 5 min AB=CD (missed trade )

How to read a chart and trade properly

Target hit. One of the main advantages of this system/methodology is that once you have identified your AB leg you have a definate entry a definate stop and a definate target. There's no need to move them though at times its prudent to reduce risk ...

How to read a chart and trade properly

Target per the 15 min (I would have bought at C but was not at terminal)

How to read a chart and trade properly

EURUSD Nice AB=CD possible change of behaviour underway I'm going back to trading the Dow on a 5 min

How to read a chart and trade properly

Dow 15 mins AB=CD Target is D

How to read a chart and trade properly