Another one to watch is weekly close of EURUSD, if we get a weekly close higher than 1.3040 to 1.3050 this could be a major reversal zone.. Regards,

Price Action with the Weekly Chart for Massive Profits

Yeah that is correct, I went long this one at 1.5130, expecting at least 1.53 on this pair or more before resistance.. I am locking in on this one at above BE at 1.5270.. A pair to watch also is EURAUD in the closing of next week.. WE may have a buy ...

Price Action with the Weekly Chart for Massive Profits

That is correct, that is the one i indicated on my chart as well as a losing trade.. Losing trades will happen, just they will be much less than winners.. Like i said this strategy has a very high win ratio, but losing is part of trading as well.. ...

Price Action with the Weekly Chart for Massive Profits

Hey All, I have just completed a video and just waiting for it to render and then upload to Youtube. Will post here shortly to show exactly how this system works and how to trade. Thanks for the questions so far.. Here is the Video below - ...

Price Action with the Weekly Chart for Massive Profits

Hey Pepesan, To me, an engulfing on weekly is a candle that engulfs previous candle body completely, I am not so fussy with wicks on weekly unless they are massiv, if it engulfs more than one candle even better.. Let me know if that helps.. Regards, ...

Price Action with the Weekly Chart for Massive Profits

Hey, With engulfing question, try not to get too fixating with exact opens and closes with wicks otherwise you will be avoiding many trades, instead just look at the body which is engulfed in previous candle.. Entry is just below that previous wick ...

Price Action with the Weekly Chart for Massive Profits

Hey Whatfx, the first signal on Sams chart is against the rules, the candles need to go at least 5 candles down or up before engulfing candle entry.. Two candles is not enough unless they are both massive candles.. Better to wait for at least 5 ...

Price Action with the Weekly Chart for Massive Profits

10 pips in direction, we need to know price is moving our way.. So as an example 10 pips from bullish candle close at say price 1.28 would be and order at 1.2810.. 10 pips from bearish signal at price of say 1.35 would be 1.3490.. This eliminates ...

Price Action with the Weekly Chart for Massive Profits

Hey Sam, Number 2 and 3 are fine signals because there is a move in the opposite for a while, however the first one is not significant because the movement down is small first so no signal there.. You want to see at least 5 candles down before buy ...

Price Action with the Weekly Chart for Massive Profits

Thank you very much..

Price Action with the Weekly Chart for Massive Profits

Yes you are correct with your charts there, there always has to be a significant move down or up before signal, these candles you have pointed out are great.. Regards, Timon

Price Action with the Weekly Chart for Massive Profits

Banks are getting in.. bullish technical's, i reckon it could go as far as 1.53 short term to weekly bottom.. That's what it looks like on weekly chart.. Has to get past 1.52 first though.. If we get past 1.52 many short stops will be hit and 1.53 ...

Cable Update (GBPUSD)

1.53 at least according to weekly chart.. Then maybe a small retrace to 1.5030 area again and then back to 1.55 at least i reckon.. While there is a lot of issues in Britain it is exceedingly undervalued and like most know fundamentals do not mave ...

Cable Update (GBPUSD)

I am watching the same, but with caution as my bias is more bullish than bearish at weekly lows if we get a daily close up here.. Could be getting close to bottom and 1.53 area may be the next move up from here at least.. Heck we may even if it ...

Cable Update (GBPUSD)

Very true, but to predict a small move is probably due to the time frame you use.. Try looking at the the weekly and you see what i mean.. Much more probability and much less noise but instead predictions are more for 500 pips or more.. I trade the ...

Cable Update (GBPUSD)

This style is basically the same as what i use except I use on daily chart and success ratio is at 80% or a little higher, however i use opposing candle to get out and breakeven at 40 pips.. Often get 150 to 300 pip trades and so thought i would ...

Tony's Two Candle trading system

What makes all trading hard for many is that it is a probability business, if one can accept that then you can easily make millions even with small accounts, however accepting this is against human nature so a lot of mental rewiring is needed a long ...

Forex Trading for a living... anyone?