Im not scalping as such as i am swinging. MY system is telling me a low was due yesterday and the price action got me long, the H4 candle and increase volume gave me confidence the turn was in. I can be wrong, so not wedded to the view. I took ...

EURUSD

I entered long yesterday at 1.3498 and closed 50% at 1.3557. I have added at the 61.8% retrace at 1.3505. i will add more if we break 1.3550

EURUSD

I am adding to my longs here and will add a little more if we drop to 1.3495. I am expecting the day to go up from here and we may see 1.3635 region later today, early tomorrow. i will most likely close out most of the long at that point and wait ...

EURUSD

Heres my chart. I haven't changed much from the previous one, except point 4 didnt come bang on time, it was stretched 3 days later. Gives a good indication that the larger timeframe is pulling it up still. Not confirmed until we break 1.3818.

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Cycle turning point hit today and i think we have a high probability of going up into the 31st March now and a break of the previous cycle high of 1.3818. 1.400 a possibility. Then there is a chance of a good drop to 1.3200 or lower. Longs looking ...

EURUSD

If 1.3545 goes then i will add to my long. But we need to break that soon fo rthe bulls to get fruity again.

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Divergence on H4 with RSI, turning point due today. The question is, do we break March 2nd low. If we dont then we could get a decent bounce.

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Just gone long at 1.3553. Small stakes and only 10 point stop. will move to B/E if we break 1.3555

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If we see 1.400 then it will be by 31st March. This drop may be about to finish in the next few trading hours. If it looks like exhausting by close of play today then on Monday i will long with stop below 2nd march. the closer we get to that the ...

EURUSD

Im flat now and waiting for a bounce. The H1 candle is getting leggy, it is outside my lower bolly band, my RSI is diverging below the 15 level, and volume on this candle is increasing. Lets see what happens on the close of this candle and see if ...

EURUSD

Closed 50% of shorts at 1.3550. Would like to see a reaction on higher volume for a bounce then in US session enter short again.

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Im seeing 1.3550 region as a possiblility of a zone for support on a short term basis. If we get there, i will close shorts and wait to see if we bounce. If we break through then i will re-enter short.

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Ball Bag

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BB = Bulletin Boards I have experienced many times seeing the bulls shouting its going higher, just before we get a good drop, then as the market starts falling these people go very quiet. Its a great indicator, complients my system.

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The market is now breaking down and going towards my next low point which is due on Moinday. the last high was due last friday and we pulled back from it, only to see it pop up a little higher on Tuesday. The high came a couple fo days late which ...

EURUSD

Heres a chart showing the longer timeframes and i have dropped on two different arows to show the possibility. Nearer the time the price action will show us the route.

EURUSD

Thx G-man, yes bang on. Just remember that MM is not the holy grail, but a good weapon to determine how the trend is going. it aids me to go long only if the trend is up for a few days. The bigger the timeframe is also a great indicator too, so at ...

EURUSD

The high we had on Friday was a MC1-4 point. We should now drop to the MC1-5 point. If mc1-5 point does not break the MC1-3 point then the bigger timeframe MC2-3 (red on chart) is still up and according to the rules then we will rally up and break ...

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It is a solution that identifies repeating cycles in the markets on different timeframes. Google it and you will get more info. I dont want to fall foul of trying to sell a system etc on this site.

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Yes, i live in England. I was one of the lucky 13 who went on Steves training couse back in 2004, and since then got to know him well. I like Mareket Matrix as it gives me a good idea on where the market is going. 1.32 and lower is definately on the ...

EURUSD