I closed the short trade with 60 pips profit as we are approaching the end of london session and I saw the price has started to retrace.

Fibonacci Trading with Bobokus

As I am up nearly 60 pips and I do not want to risk much in this trade I move my stop loss to break even so I am in a free trade now. See what happens

Fibonacci Trading with Bobokus

I am still short and it looks a bit more encouraging now as we have got the inside bar pattern too

Fibonacci Trading with Bobokus

I think this one has been a bit riskier entry as my sell stop should probably been below the previous candle's low for the momentum to take me in the trade ,I will still keep it for now . What do you think Sherm or you other guys??

Fibonacci Trading with Bobokus

We have reached the internal fib of the swing and I had a sell stop just above short fib of the swing when price was testing the pivot of the swing . I am in the trade now currently 12 pips up , see what happens!!

Fibonacci Trading with Bobokus

I have just drawn a swing fib (red one) and see if the resistance levels hold, if they do we might get another short entry.

Fibonacci Trading with Bobokus

Thanks.

Fibonacci Trading with Bobokus

I think I am happy with target one and close the trade. Many thanks again to BO and Shermantor to leave us a wealth of information in thread .

Fibonacci Trading with Bobokus

We hit target 1 and I moved the stop to friday's low ,currently over 200 pips. Lets see if there is enough momentum to reach T2?

Fibonacci Trading with Bobokus

Just broken the low , put a stop at break even an lets see if it hits one of the targets .The black line is a strong support which coincides with T2.

Fibonacci Trading with Bobokus

I used a sell stop below the short fib of friday's intraday while watching the price action on that area (sell stop below hammer). Currenty over 100 pips up but I will watch it closely as we approach fridays low.

Fibonacci Trading with Bobokus

It seems quite difficult to trade against the strong uptrend in Euro as the interest rate in US has been cut more than expected and a hawkish tone of ECB and dovish tone on Bank of England and poorer economic data from England. I had a buy limit ...

Fibonacci Trading with Bobokus

Ok. Thanks , I got it now .

Pattern Trading

Thanks for your detailed explanation, I was aware that the short trade would be a counter trend trade and I just scalped 30 pips but it actually moved nearly 170 pips to the downside!!!as the main news( Rates for USD)of of the tuesday was nearly 24 ...

Pattern Trading

I did not take the counter trend move but I took 2 long trades ,first one was the break of long swing fib and exited at the swing high and the second one was slightly higher than break of swing high (to avoid wipsaw) and the target is on the fib ...

Fibonacci Trading with Bobokus

Sorry ,you are right. I realised later and posted it in the appropriate thread which is pattern trading.

Elliott Wave Trading

Gartly sell pattern on GPB/USD 4h?

Pattern Trading

Probably Gartly sell pattern has formed?

Elliott Wave Trading

Gartly sell pattern Gpb/Usd 4h. Shallow or deeper Gartly sell pattern?

Cable Update (GBPUSD)

Could this be a Gartly on 4h Gpb/Usd . Shallow or deeper gartly?

Elliott Wave Trading