To make it MUCH easier on, just draw your FIB from X to A. B usually forms between 38.2 and 61.8 (strong trending markets usually retrace to the 38.2) How is that?

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YES!

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Jah - if I understand your question - A to B is still being formed (using the 1.3300 as X). If 1.33 is X then draw your fib from A to todays high as B (this is false because today's candle is still being formed). but IF today's high is B, then you ...

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Jah - I am sorry but I am not tracking your question? Can you clarify?

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Well my risk went for a $10.00 loss! Mis-keyed my lot size - thank god for small miracles! Looking at it now, I also forgot to set TP which would have been hit damn those small miracles!

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See how price reacts off the 200 in the 5M Anyone notice the Harami?

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What's life without a few risks? might be a little pre-mature but I set a sell stop at 3 pips below the 200 on the 30M

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30M cleared ascending wedge & lower trend line, now sitting firmly on the 200

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And another bit of light reading

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Damn, that would be a serious problem in my book. I truly do love IBFX, another good broker is Oanda, but their time frames are based off East coast times and not GMT. But their spreads are incredibly low

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Yes - the most important tool to successful trading - a good cup of coffee! I am off to get my second cup!

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LOVE the Doji on the 4H! I have also attached a document I attached previously for any new attendees to this thread. The top candle formations. An excellent read and tool to keep handy!

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Yes. Gotta hate those broker differences! Nice chart, thank you

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Yes that is my intention! The Bulls have shown a propensity for battle! I hate waiting for London to open!

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So for today I will look for entries on the short side, but always bearing in mind to NOT ignore any bullish signals that may appear. Take a look at your 30M charts, you'll see an ABCD, along with some bearish divergence with the AO, and the RSI ...

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The 1H: Yet another 5.0 pattern, and as with the 4H another ABCD pattern to complete it. RSI is at 67.9, moderately over bought. The AO has decreased now for 5 consecutive bars all bight only slightly. I wouldn't be surprised to see price hit the R1 ...

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The 4H is interesting. We have another 5.0 butterfly, but the completion of the 4 to 5 leg is also a picture perfect ABCD, which has gone to the 161.8 level of the B to C leg. The 200 was broken yesterday and price now sits squarely inside the ...

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Daily: The daily has drawn a 5.0 butterfly. I don't like the butterfly due to the size of the 4 to 5 leg. I see where Friday's session pushed off the 1.30 level, a level that has proved formidable in the past. A few items of interest are today's ...

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NuNix - to clarify, I wasn't looking for any trades on the higher TF's. If I hadn't been so tired I might have stayed around for a Buy on the 1H, but as it were I wanted a quick take on some easy pips. I drilled to the lower TF to check scalping ...

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14 minutes into the next 1H and NOW the TF is shaping up notice RSI snaking upwards to the 60? AO crossed the 0 line Looks like mini butterfly is forming I took 6 pips on a day I didn't even plan to trade Calling it quits See you tomorrow

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