Hi Tony, Thanks for your interesting thread. I so something similar on the 10M chart to what you are doing on the 5sec chart. I watch the "L" form and trade the part that turns the "L" into an "N", and always with a defined trend. Thanks for your ...

5 Seconds " L "

Traded the GBPUSD up all morning. Then a nearly perfect example of a quick retracement trade presented. Entry is at A (1.6112) where the fibo base is breached (notice that the price action failed to reach the previous high). Once the base is ...

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USDJPY trade this evening after Tokyo open. A break of a previous significant level at 95.48/50 and a quick buy. Risk was small at 15 pips and a target of at least 40 pips. Keep the TA under the covers and here is a chart of the trade: image The ...

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Staying focused on the GBPUSD, expect the price action to move down to about 1.5940 to square today's action/gap, before heading to the 1.6150 target. New information, though, that may change things: US found less interest than anticipated in the ...

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Ed, re: GBP Trade: Entry was at 1.5986. Move stop now (11:22) to 1.6055, target still 1.6150. 1.6075 is stalling and given the time of day protect profits for the day. Go get lunch and enjoy the afternoon.

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May 27 Trends — GBP$ - Day is up, 4H is up, 60 is up. EUR$ - Day is up, 4H is up, 60 retracing. EUR/JPY - Day is up, 4H is up, 60 is retracing. $/JPY - Day is down, 4H is down, 60 is retracing. Possible divergence on the GBP$ and EUR/JPY. ...

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Re: the trades from this morning. New traders should avoid trading against the trend. The trend on the Day chart was up, so trading the retracement (trade A) was against the trend. However, once the retracement was over, I like to jump on the move ...

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